Cloudflare, Inc. (NET) vs PDD Holdings Inc. (PDD)
A side-by-side comparison of Cloudflare, Inc. and PDD Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.
Different business models: NET is classified in Technology; PDD is classified in Consumer Cyclical. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
NET
Cloudflare, Inc.
$315.67TechnologyDelayed quote: Aug 14, 2026, 3:59 PM EDT
PDD
PDD Holdings Inc.
$84.79Consumer CyclicalDelayed quote: Aug 14, 2026, 4:00 PM EDT
Total return — NET vs PDD
growth of $100 · dividends reinvested · last 7yNET +1737.9% (+51.6%/yr)PDD +134.5% (+12.9%/yr)NET compounded faster over this window
Log scale — wide-divergence pair
NET PDD
NET vs PDD: by the numbers
- •PDD is the larger company ($120.69B vs $112.04B market cap).
- •PDD is profitable (21.53% net margin) while NET runs a net loss (-8.21%).
- •PDD grew revenue faster over the past five years (40.98% vs 36.49% CAGR).
Metrics side by side
Valuation
| Metric | NET | PDD |
|---|---|---|
| P/E ratio | N/A | 9.10 |
| Forward P/E | 276.28 | N/A |
| P/S ratio | 46.66 | 1.99 |
| P/B ratio | 72.36 | 2.04 |
| EV / EBITDA | N/A | 6.93 |
| FCF yield | 0.39% | 12.25% |
Profitability
| Metric | NET | PDD |
|---|---|---|
| Gross margin | 72.58% | 55.98% |
| Operating margin | -14.11% | 22.17% |
| Net margin | -8.21% | 21.53% |
| ROE | -12.73% | 22.09% |
| ROIC | -4.10% | 18.11% |
Growth (annualized)
| Metric | NET | PDD |
|---|---|---|
| Revenue CAGR (5Y) | 36.49% | 40.98% |
| FCF CAGR (5Y) | N/A | 32.63% |
| Total return CAGR (5Y) | 22.13% | -0.05% |
Frequently asked
- Which has grown faster, NET or PDD?
- Over the past five years, PDD grew revenue faster — NET at a 36.49% CAGR versus PDD at 40.98%.
- Is NET or PDD more profitable?
- PDD runs the higher net margin — NET at -8.21% versus PDD at 21.53%.
- How have NET and PDD total returns compared?
- Over the past 5 years, NET delivered 22.13% and PDD delivered -0.05% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
PDD P/E ratioCloudflare ROEPDD ROECloudflare operating marginPDD operating marginCloudflare revenue growthPDD revenue growthCloudflare free cash flowPDD free cash flow
Cloudflare & 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 August 14, 2026.