DIDIY vs PDD
DiDi Global Inc. and PDD Holdings Inc., side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | DIDIY | PDD |
|---|---|---|
| Revenue | CNY 192.4B | CNY 431.8B |
| Net income | CNY 493.5M | CNY 97.8B |
| Gross margin | 15.3% | 56.3% |
| Net margin | 0.3% | 22.7% |
| Return on equity | 0.5% | 26.9% |
| Diluted EPS | CNY 0.41 | CNY 16.50 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY 5.3B | · |
| Equity | CNY 97.8B | CNY 413.4B |
| Net debt / equity | −0.27× | · |
| Current ratio | 2.29× | 2.43× |
| Revenue CAGR 5y | · | 48.7% |
| Profit CAGR 5y | · | · |
PDD bills 2.2× the revenue of DIDIY, and keeps more of each dollar of revenue as profit (22.7% against 0.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | DIDIY | PDD |
|---|---|---|
| FY2023 | CNY 192.4B | CNY 247.6B |
| FY2022 | CNY 140.8B | CNY 130.6B |
| FY2021 | CNY 173.8B | CNY 93.9B |
| FY2020 | CNY 141.7B | CNY 59.5B |
| FY2019 | CNY 154.8B | CNY 30.1B |
Bottom line
| Fiscal year | DIDIY | PDD |
|---|---|---|
| FY2023 | CNY 493.5M | CNY 60.0B |
| FY2022 | CNY -23.8B | CNY 31.5B |
| FY2021 | CNY -49.3B | CNY 7.8B |
| FY2020 | CNY -10.5B | CNY -7.2B |
| FY2019 | CNY -9.7B | CNY -7.0B |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2023 | −CNY 55,259,287,000 | PDD |
| FY2022 | +CNY 10,234,094,000 | DIDIY |
| FY2021 | +CNY 79,877,443,000 | DIDIY |
| FY2020 | +CNY 82,244,287,000 | DIDIY |
| FY2019 | +CNY 124,644,242,000 | DIDIY |
The higher-revenue side has changed between DIDIY and PDD over this period. The gap has narrowed since the earliest year compared.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2023 | −24.0 pp | PDD |
| FY2022 | −41.0 pp | PDD |
| FY2021 | −36.7 pp | PDD |
| FY2020 | +4.6 pp | DIDIY |
| FY2019 | +16.8 pp | DIDIY |
The higher net margin has changed hands between DIDIY and PDD over this period.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PDD's net margin has been more volatile than DIDIY's over the 5 comparable fiscal years — 19.1 percentage points of standard deviation against 10.0.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DIDIY and PDD over these 5 fiscal years — DIDIY led in 2 and PDD in 3.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.