AMZN vs. PDD: Amazon.com vs. PDD Stock Comparison

September 27, 2026

How do Amazon.com (AMZN) and PDD (PDD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Amazon.com (AMZN) and PDD (PDD) are both classified in the Broadline Retail sub-industry within the broader Broadline Retail industry, placing them in the closest GICS peer bucket.

Amazon.com (AMZN) trades as ordinary local shares, while PDD (PDD) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Amazon.com (AMZN) and PDD (PDD)
Profile Item	AMZN	PDD
Name	Amazon.com Inc.	PDD Holdings Inc. American Depositary Receipt
Country/Region	United States	Ireland
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail	Consumer Discretionary Distribution & Retail
GICS Industry	Broadline Retail	Broadline Retail
GICS Sub-Industry	Broadline Retail	Broadline Retail
Market Capitalization	2,693.02 billion USD	110.41 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	May 15, 1997	July 26, 2018
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

AMZN

PDD

GSPC

Amazon.com (AMZN) vs. PDD (PDD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Amazon.com (AMZN) and PDD (PDD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amazon.com (AMZN) and PDD (PDD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
Total Return (1Y)	14.45%	-40.79%
Total Return (3Y, Annualized)	23.90%	-7.08%
Total Return (5Y, Annualized)	7.83%	-3.88%

Risk Profile

Drawdown History

AMZN

PDD

GSPC

Amazon.com (AMZN) vs. PDD (PDD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Amazon.com (AMZN) and PDD (PDD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

PDD (PDD) reports a negative beta of -0.06, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Amazon.com (AMZN) has a non-negative beta of 1.45.

Risk profile metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
Volatility (1Y, Annualized)	34.40%	33.35%
Beta (5Y)	1.45	-0.06
Max Drawdown (5Y)	-55.73%	-74.63%
Avg. Volume (3M)	44.69M	6.86M

Risk-Adjusted Performance

Risk-Return Positioning

AMZN and PDD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
Sharpe Ratio (1Y)	0.29	-1.36
Sortino Ratio (1Y)	0.48	-1.76

Profitability

ROE (TTM)

Both Amazon.com (AMZN) at 30.56% and PDD (PDD) at 22.75% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

AMZN

Consumer Discretionary Distribution & Retail industry group

30.56%

Max: 62.17%
Q3: 32.53%
AMZN: 30.56%
Median: 15.81%
Q1: 6.59%
Min: -26.53%

PDD

Consumer Discretionary Distribution & Retail industry group

22.75%

Max: 62.17%
Q3: 32.53%
PDD: 22.75%
Median: 15.81%
Q1: 6.59%
Min: -26.53%

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their ROE against the Consumer Discretionary Distribution & Retail industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Amazon.com (AMZN) at 17.44% and PDD (PDD) at 20.43% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

AMZN

Consumer Discretionary Distribution & Retail industry group

17.44%

Max: 20.43%
AMZN: 17.44%
Q3: 8.93%
Median: 4.29%
Q1: 1.09%
Min: -9.41%

PDD

Consumer Discretionary Distribution & Retail industry group

20.43%

PDD: 20.43%
Max: 20.43%
Q3: 8.93%
Median: 4.29%
Q1: 1.09%
Min: -9.41%

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their net margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Operating Margin (TTM)

PDD (PDD) at 24.71% shows unusually strong operating efficiency — above its industry’s operating margin range — and Amazon.com (AMZN) at 13.69% also operates in the top quartile.

AMZN

Consumer Discretionary Distribution & Retail industry group

13.69%

Max: 21.57%
AMZN: 13.69%
Q3: 11.56%
Median: 6.12%
Q1: 2.93%
Min: -6.28%

PDD

Consumer Discretionary Distribution & Retail industry group

24.71%

PDD: 24.71%
Max: 21.57%
Q3: 11.56%
Median: 6.12%
Q1: 2.93%
Min: -6.28%

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their operating margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Profitability Metrics

Profitability metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
ROE (TTM)	30.56%	22.75%
ROA (TTM)	6.59%	10.01%
Net Margin (TTM)	17.44%	20.43%
Operating Margin (TTM)	13.69%	24.71%
Gross Margin (TTM)	50.77%	56.32%

Growth

Revenue Growth

Amazon.com (AMZN) at 12.38% sits in the top revenue growth quartile, while PDD (PDD) at 9.65% is closer to the peer norm — faster top-line expansion for AMZN.

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Amazon.com (AMZN) at 29.66% sits in the top EPS growth quartile, while PDD (PDD) at -11.79% is closer to the peer norm — faster per-share earnings growth for AMZN.

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
Revenue Growth (YoY)	12.38%	9.65%
Revenue Growth (3Y CAGR)	11.73%	49.00%
EPS Growth (YoY)	29.66%	-11.79%
EPS Growth (3Y CAGR)	--	45.15%

Financial Strength

Current Ratio (MRQ)

Amazon.com (AMZN) at 1.03 keeps current ratio within its industry’s typical mid-range, while PDD (PDD) at 2.62 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

AMZN

Consumer Discretionary Distribution & Retail industry group

1.03

Max: 3.13
Q3: 1.88
Median: 1.35
AMZN: 1.03
Q1: 1.03
Min: 0.49

PDD

Consumer Discretionary Distribution & Retail industry group

2.62

Max: 3.13
PDD: 2.62
Q3: 1.88
Median: 1.35
Q1: 1.03
Min: 0.49

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their current ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Debt / Equity (MRQ)

Both Amazon.com (AMZN) at 0.46 and PDD (PDD) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

AMZN

Consumer Discretionary Distribution & Retail industry group

0.46

Max: 3.80
Q3: 1.96
Median: 1.15
Q1: 0.71
AMZN: 0.46
Min: 0.01

PDD

Consumer Discretionary Distribution & Retail industry group

0.01

Max: 3.80
Q3: 1.96
Median: 1.15
Q1: 0.71
PDD: 0.01
Min: 0.01

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their debt-to-equity ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
Current Ratio (MRQ)	1.03	2.62
Debt / Equity (MRQ)	0.46	0.01
Net Debt / EBITDA	0.76	-4.56

Dividends

Dividend Yield (TTM)

Neither Amazon.com (AMZN) nor PDD (PDD) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

AMZN

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 6.55%
Q3: 2.92%
AMZN: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PDD

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 6.55%
Q3: 2.92%
PDD: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their dividend yield against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Amazon.com (AMZN) nor PDD (PDD) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

AMZN

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.17%
AMZN: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PDD

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.17%
PDD: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their payout ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Metrics

Dividend metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

PDD (PDD) at 8.35 sits in the cheaper P/E ratio quartile, while Amazon.com (AMZN) at 20.10 is closer to its industry’s usual earnings multiple — a discount for PDD, though growth and earnings durability still matter.

AMZN

Consumer Discretionary Distribution & Retail industry group

20.10

Max: 35.70
Q3: 23.09
AMZN: 20.10
Median: 16.81
Q1: 11.76
Min: 0.89

PDD

Consumer Discretionary Distribution & Retail industry group

8.35

Max: 35.70
Q3: 23.09
Median: 16.81
Q1: 11.76
PDD: 8.35
Min: 0.89

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their P/E ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/S Ratio (TTM)

PDD (PDD) at 0.24 looks cheap on sales in the lower P/S ratio quartile, while Amazon.com (AMZN) at 3.47 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

AMZN

Consumer Discretionary Distribution & Retail industry group

3.47

Max: 3.62
AMZN: 3.47
Q3: 1.63
Median: 0.64
Q1: 0.27
Min: 0.03

PDD

Consumer Discretionary Distribution & Retail industry group

0.24

Max: 3.62
Q3: 1.63
Median: 0.64
Q1: 0.27
PDD: 0.24
Min: 0.03

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their P/S ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/B Ratio (MRQ)

PDD (PDD) at 1.64 is valued about in line with its industry on P/B ratio, while Amazon.com (AMZN) at 4.88 carries an above-peer premium to book — AMZN is pricier on assets.

AMZN

Consumer Discretionary Distribution & Retail industry group

4.88

Max: 10.29
AMZN: 4.88
Q3: 4.79
Median: 1.90
Q1: 1.07
Min: -3.15

PDD

Consumer Discretionary Distribution & Retail industry group

1.64

Max: 10.29
Q3: 4.79
Median: 1.90
PDD: 1.64
Q1: 1.07
Min: -3.15

Amazon.com (AMZN) vs. PDD (PDD): A comparison of their P/B ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Valuation Metrics

Valuation metrics for Amazon.com (AMZN) and PDD (PDD)
Metric	AMZN	PDD
P/E Ratio (TTM)	20.10	8.35
P/S Ratio (TTM)	3.47	0.24
P/B Ratio (MRQ)	4.88	1.64
Free Cash Flow Yield (TTM)	0.12%	67.60%