Nano Labs Ltd (NA) vs PDD Holdings Inc. (PDD)
A side-by-side comparison of Nano Labs Ltd and PDD Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: NA is classified in Technology; PDD is classified in Consumer Cyclical. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
NA
Nano Labs Ltd
$1.76TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
PDD
PDD Holdings Inc.
$85.71Consumer CyclicalDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — NA vs PDD
growth of $100 · dividends reinvested · last 4yNA -98.4%PDD +48.2%PDD compounded faster
Log scale — wide-divergence pair
NA PDD
NA vs PDD: by the numbers
- •PDD is the larger company ($122.00B vs $119M market cap).
- •NA trades at the lower trailing earnings multiple (2.30 vs 9.18 P/E), one valuation lens rather than an overall verdict.
- •NA converts more revenue to profit (505.49% vs 21.53% net margin).
- •NA grew revenue faster over the past five years (64.16% vs 40.98% CAGR).
Metrics side by side
Valuation
| Metric | NA | PDD |
|---|---|---|
| P/E ratio | 2.30 | 9.18 |
| P/S ratio | 11.40 | 2.00 |
| P/B ratio | 0.41 | 2.05 |
| EV / EBITDA | 6.44 | 7.00 |
| FCF yield | N/A | 12.15% |
Profitability
| Metric | NA | PDD |
|---|---|---|
| Gross margin | -147.33% | 55.98% |
| Operating margin | -396.84% | 22.17% |
| Net margin | 505.49% | 21.53% |
| ROE | 17.96% | 22.09% |
| ROIC | -10.96% | 18.11% |
Growth (annualized)
| Metric | NA | PDD |
|---|---|---|
| Revenue CAGR (5Y) | 64.16% | 40.98% |
| FCF CAGR (5Y) | N/A | 32.63% |
| Total return CAGR (5Y) | N/A | -1.36% |
Frequently asked
- Which has the lower trailing P/E, NA or PDD?
- NA has the lower trailing P/E: NA trades at 2.30 and PDD at 9.18. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, NA or PDD?
- Over the past five years, NA grew revenue faster — NA at a 64.16% CAGR versus PDD at 40.98%.
- Is NA or PDD more profitable?
- NA runs the higher net margin — NA at 505.49% versus PDD at 21.53%.
Go deeper
Dig into the metrics
Nano Labs P/E ratioPDD P/E ratioNano Labs dividend yieldPDD dividend yieldNano Labs ROEPDD ROENano Labs operating marginPDD operating marginNano Labs revenue growthPDD revenue growthNano Labs free cash flowPDD free cash flow
Nano Labs & PDD appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.