PDD Holdings Inc. (PDD) vs Royal Caribbean Cruises Ltd. (RCL)

A side-by-side comparison of PDD Holdings Inc. and Royal Caribbean Cruises Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 3, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — PDD vs RCL

growth of $100 · dividends reinvested · last 8y
PDD +182.3% (+13.9%/yr)RCL +174.9% (+13.5%/yr)PDD compounded faster over this window
0200400600Start $1002020202220242026$282$275
PDD RCL

PDD vs RCL: by the numbers

  • •PDD is the larger company ($107.30B vs $74.53B market cap).
  • •PDD trades at the lower trailing earnings multiple (8.32 vs 17.17 P/E), one valuation lens rather than an overall verdict.
  • •RCL converts more revenue to profit (23.56% vs 20.40% net margin).
  • •RCL grew revenue faster over the past five years (188.60% vs 37.69% CAGR).
  • •RCL pays a dividend (1.98% yield), while PDD has no payments in the available dividend history.

Metrics side by side

Valuation

MetricPDDRCL
P/E ratio8.3217.17
Forward P/EN/A15.63
P/S ratio1.653.99
P/B ratio1.637.28
EV / EBITDA6.2814.26
FCF yield14.93%N/A

Profitability

MetricPDDRCL
Gross margin56.32%46.64%
Operating margin21.87%27.32%
Net margin20.40%23.56%
ROE20.07%43.01%
ROIC17.16%14.59%

Dividends

MetricPDDRCL
Dividend yieldN/A1.98%
Payout ratioN/A33.99%

Growth (annualized)

MetricPDDRCL
Revenue CAGR (5Y)37.69%188.60%
FCF CAGR (5Y)31.44%N/A
Total return CAGR (5Y)-3.08%25.48%

Frequently asked

Which has the lower trailing P/E, PDD or RCL?
PDD has the lower trailing P/E: PDD trades at 8.32 and RCL at 17.17. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, PDD or RCL?
Over the past five years, RCL grew revenue faster — PDD at a 37.69% CAGR versus RCL at 188.60%.
Does PDD or RCL pay a bigger dividend?
RCL pays a dividend (1.98% yield), while PDD has no payments in the available dividend history.
Is PDD or RCL more profitable?
RCL runs the higher net margin — PDD at 20.40% versus RCL at 23.56%.
How have PDD and RCL total returns compared?
Over the past 5 years, PDD delivered -3.08% and RCL delivered 25.48% annualized total return. Past performance doesn't predict future results.

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 October 3, 2026.