MELI vs. PDD: MercadoLibre vs. PDD Stock Comparison

September 7, 2026

How do MercadoLibre (MELI) 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

MercadoLibre (MELI) 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.

MercadoLibre (MELI) 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 MercadoLibre (MELI) and PDD (PDD)
Profile Item	MELI	PDD
Name	MercadoLibre Inc.	PDD Holdings Inc. American Depositary Receipt
Country/Region	Uruguay	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	100.30 billion USD	117.02 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	August 10, 2007	July 26, 2018
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

MELI

PDD

GSPC

MercadoLibre (MELI) 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 MercadoLibre (MELI) and PDD (PDD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
Total Return (1Y)	-18.18%	-33.63%
Total Return (3Y, Annualized)	11.64%	-7.33%
Total Return (5Y, Annualized)	0.33%	-4.27%

Risk Profile

Drawdown History

MELI

PDD

GSPC

MercadoLibre (MELI) 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 MercadoLibre (MELI) 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. MercadoLibre (MELI) has a non-negative beta of 1.29.

Risk profile metrics for MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
Volatility (1Y, Annualized)	41.17%	33.50%
Beta (5Y)	1.29	-0.06
Max Drawdown (5Y)	-68.64%	-76.30%
Avg. Volume (3M)	437.02K	7.08M

Risk-Adjusted Performance

Risk-Return Positioning

MELI 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 MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
Sharpe Ratio (1Y)	-0.54	-1.13
Sortino Ratio (1Y)	-0.71	-1.48

Profitability

ROE (TTM)

Both MercadoLibre (MELI) at 27.50% 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.

MELI

Consumer Discretionary Distribution & Retail industry group

27.50%

Max: 62.17%
Q3: 32.45%
MELI: 27.50%
Median: 15.79%
Q1: 6.36%
Min: -27.22%

PDD

Consumer Discretionary Distribution & Retail industry group

22.75%

Max: 62.17%
Q3: 32.45%
PDD: 22.75%
Median: 15.79%
Q1: 6.36%
Min: -27.22%

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

Net Margin (TTM)

PDD (PDD) at 20.43% retains a top-quartile share of revenue as profit, ahead of MercadoLibre (MELI) at 5.30%, which keeps about the industry-typical share.

MELI

Consumer Discretionary Distribution & Retail industry group

5.30%

Max: 20.43%
Q3: 8.79%
MELI: 5.30%
Median: 3.37%
Q1: 0.88%
Min: -10.82%

PDD

Consumer Discretionary Distribution & Retail industry group

20.43%

PDD: 20.43%
Max: 20.43%
Q3: 8.79%
Median: 3.37%
Q1: 0.88%
Min: -10.82%

MercadoLibre (MELI) 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% operates in the top operating margin quartile, ahead of MercadoLibre (MELI) at 6.72%, which runs around its industry’s norm.

MELI

Consumer Discretionary Distribution & Retail industry group

6.72%

Max: 24.71%
Q3: 11.54%
MELI: 6.72%
Median: 6.09%
Q1: 2.46%
Min: -6.74%

PDD

Consumer Discretionary Distribution & Retail industry group

24.71%

PDD: 24.71%
Max: 24.71%
Q3: 11.54%
Median: 6.09%
Q1: 2.46%
Min: -6.74%

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

Profitability Metrics

Profitability metrics for MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
ROE (TTM)	27.50%	22.75%
ROA (TTM)	4.31%	10.01%
Net Margin (TTM)	5.30%	20.43%
Operating Margin (TTM)	6.72%	24.71%
Gross Margin (TTM)	47.75%	56.32%

Growth

Revenue Growth

MercadoLibre (MELI) at 39.06% clears its industry range for revenue growth, far stronger top-line momentum than PDD (PDD) at 9.65%, which is closer to a typical peer reading.

MercadoLibre (MELI) vs. PDD (PDD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both MercadoLibre (MELI) at 4.54% and PDD (PDD) at -11.79% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

MercadoLibre (MELI) vs. PDD (PDD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
Revenue Growth (YoY)	39.06%	9.65%
Revenue Growth (3Y CAGR)	38.91%	49.00%
EPS Growth (YoY)	4.54%	-11.79%
EPS Growth (3Y CAGR)	60.50%	45.15%

Financial Strength

Current Ratio (MRQ)

MercadoLibre (MELI) at 1.12 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.

MELI

Consumer Discretionary Distribution & Retail industry group

1.12

Max: 2.71
Q3: 1.75
Median: 1.36
MELI: 1.12
Q1: 1.03
Min: 0.49

PDD

Consumer Discretionary Distribution & Retail industry group

2.62

Max: 2.71
PDD: 2.62
Q3: 1.75
Median: 1.36
Q1: 1.03
Min: 0.49

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

Debt / Equity (MRQ)

PDD (PDD) at 0.01 keeps leverage in the lower industry quartile, while MercadoLibre (MELI) at 1.69 runs a more typical debt-to-equity mix.

MELI

Consumer Discretionary Distribution & Retail industry group

1.69

Max: 3.53
Q3: 1.87
MELI: 1.69
Median: 1.09
Q1: 0.70
Min: 0.01

PDD

Consumer Discretionary Distribution & Retail industry group

0.01

Max: 3.53
Q3: 1.87
Median: 1.09
Q1: 0.70
PDD: 0.01
Min: 0.01

MercadoLibre (MELI) 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 MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
Current Ratio (MRQ)	1.12	2.62
Debt / Equity (MRQ)	1.69	0.01
Net Debt / EBITDA	1.92	-4.56

Dividends

Dividend Yield (TTM)

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

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 6.67%
Q3: 2.68%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PDD

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 6.67%
Q3: 2.68%
PDD: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

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

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 29.95%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PDD

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 29.95%
PDD: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

PDD (PDD) at 8.87 sits in the cheaper P/E ratio quartile, while MercadoLibre (MELI) at 53.76 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

MELI

Consumer Discretionary Distribution & Retail industry group

53.76

MELI: 53.76
Max: 42.25
Q3: 24.30
Median: 16.76
Q1: 12.13
Min: 0.90

PDD

Consumer Discretionary Distribution & Retail industry group

8.87

Max: 42.25
Q3: 24.30
Median: 16.76
Q1: 12.13
PDD: 8.87
Min: 0.90

MercadoLibre (MELI) 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 0.26 looks cheap on sales in the lower P/S ratio quartile, while MercadoLibre (MELI) at 2.85 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

MELI

Consumer Discretionary Distribution & Retail industry group

2.85

Max: 3.35
MELI: 2.85
Q3: 1.55
Median: 0.64
Q1: 0.26
Min: 0.03

PDD

Consumer Discretionary Distribution & Retail industry group

0.26

Max: 3.35
Q3: 1.55
Median: 0.64
Q1: 0.26
PDD: 0.26
Min: 0.03

MercadoLibre (MELI) 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 1.74 sits near its industry’s typical P/B ratio, while MercadoLibre (MELI) at 12.80 prices above its benchmark range — MELI looks rich relative to book.

MELI

Consumer Discretionary Distribution & Retail industry group

12.80

MELI: 12.80
Max: 10.28
Q3: 4.79
Median: 1.95
Q1: 1.11
Min: -3.55

PDD

Consumer Discretionary Distribution & Retail industry group

1.74

Max: 10.28
Q3: 4.79
Median: 1.95
PDD: 1.74
Q1: 1.11
Min: -3.55

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

Valuation Metrics

Valuation metrics for MercadoLibre (MELI) and PDD (PDD)
Metric	MELI	PDD
P/E Ratio (TTM)	53.76	8.87
P/S Ratio (TTM)	2.85	0.26
P/B Ratio (MRQ)	12.80	1.74
Free Cash Flow Yield (TTM)	0.35%	63.78%