F
Ford Motor Company
F offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
PDD
PDD Holdings Inc.
PDD has the edge over F overall, supported by stronger fundamentals and lower modeled downside.
F Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
F's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
PDD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
PDD's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
F PE Valuation
F has no meaningful PE right now: it lost money over the past year.
PDD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.2x | $77.53 | — |
| Cheap | 9.9x | $94.09 | +21% |
| Fair | 17x | $164 | +112% |
| Expensive | 32x | $303 | +291% |
Historical ranges are pointers, not guarantees.
PDD's PE is 8.2x, but its earnings don't support one, so it isn't a reliable read right now.
F Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect F's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
PDD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect PDD's revenue to grow, but its profitability to weaken.
F Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | — |
| Q3 2026 | -$1.97 | -270% |
| Q2 2026 | -$1.87 | -340% |
| Q1 2026 | -$1.55 | -224% |
| Q4 2025 | -$2.06 | -241% |
| Q3 2025 | $1.16 | +32% |
| Q2 2025 | $0.78 | -19% |
| Q1 2025 | $1.25 | +29% |
| Q4 2024 | $1.46 | +35% |
F has swung to a loss: it lost $1.97 per share over the past year, after a profit the year before.
PDD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $9.46 | -4.7% |
| Q1 2026 | $9.81 | -2.4% |
| Q4 2025 | $10.05 | -12% |
| Q3 2025 | $10.35 | -5.9% |
| Q2 2025 | $9.93 | -1.2% |
| Q1 2025 | $10.05 | +23% |
| Q4 2024 | $11.41 | +86% |
| Q3 2024 | $11.00 | +132% |
PDD has the edge over F on earnings quality, reporting a profit while its opponent remains loss making.
F Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $49.5B | -2% |
| Q2 2026 | $48.3B | -3.8% |
| Q1 2026 | $43.3B | +6.4% |
| Q4 2025 | $45.9B | -4.8% |
| Q3 2025 | $50.5B | +9.4% |
| Q2 2025 | $50.2B | +5% |
| Q1 2025 | $40.7B | -5% |
| Q4 2024 | $48.2B | +4.9% |
F's revenue grew through 2023 and has held roughly level since: $49.5B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.9% | -0.1 points |
| Q2 2026 | 1.3% | +0.3 points |
| Q1 2026 | 5.4% | +4.6 points |
| Q4 2025 | -25% | -28 points |
| Q3 2025 | 3.1% | +1.2 points |
| Q2 2025 | 1% | -2.9 points |
| Q1 2025 | 0.8% | -2.1 points |
| Q4 2024 | 2.5% | +3.1 points |
F's operating margin was 2.9% last quarter, about level with the same quarter a year ago.
PDD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $16.9B | +8.1% |
| Q1 2026 | $15.9B | +11% |
| Q4 2025 | $18.6B | +12% |
| Q3 2025 | $16.2B | +9% |
| Q2 2025 | $15.6B | +7.1% |
| Q1 2025 | $14.4B | +10% |
| Q4 2024 | $16.6B | +24% |
| Q3 2024 | $14.9B | +44% |
PDD has the edge over F on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 25% | -0.1 points |
| Q1 2026 | 18% | +1.6 points |
| Q4 2025 | 21% | -2 points |
| Q3 2025 | 23% | -1.3 points |
| Q2 2025 | 25% | -8.7 points |
| Q1 2025 | 17% | -13 points |
| Q4 2024 | 23% | -2.1 points |
| Q3 2024 | 24% | +0.3 points |
PDD has the edge over F on profitability, with a higher operating margin.
F Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -40% |
| Q2 2026 | $2B | -54% |
| Q1 2026 | -$1.1B | -157% |
| Q4 2025 | $1.1B | +108% |
| Q3 2025 | $5.3B | +50% |
| Q2 2025 | $4.2B | +24% |
| Q1 2025 | $1.9B | +$2.6B |
| Q4 2024 | $530M | +169% |
F has the edge over PDD on cash flow, with more consistent year-over-year improvement.
PDD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.9B | +19% |
| Q1 2026 | $2.5B | +6% |
| Q4 2025 | $3.6B | -16% |
| Q3 2025 | $6.9B | +66% |
| Q2 2025 | $3.2B | -51% |
| Q1 2025 | $2.3B | -26% |
| Q4 2024 | $4.3B | -21% |
| Q3 2024 | $4.1B | -15% |
PDD generated $16.8B in free cash flow over the past year, up 20% from the year before.
F Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +89M shares |
| 1 year | +0.7% | +28M shares |
| 3 years | +0.6% | +26M shares |
| 5 years | +1% | +40M shares |
| Available history | +1.8% | +72M shares |
F has 4.1B diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $311M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $150M |
F spent $311M buying back its own shares over the past year, up 107% from the year before.
PDD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -6.5M shares |
| 1 year | -0.6% | -8.4M shares |
| 3 years | +1% | +15.2M shares |
| 5 years | +3.1% | +43.6M shares |
| Available history | +27% | +311M shares |
PDD has the edge over F on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
PDD hasn't bought back shares in the past year.
F Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
F has the edge over PDD on leverage, with a lower net debt burden relative to earnings.
PDD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
PDD has more cash than debt.
F Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 19.6 | Oversold |
F's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
PDD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.2 | Neutral |
| Stochastic | 27.1 | Neutral |
PDD's weekly RSI is 41 (neutral) and its Stochastic is 27 (neutral).
F PE vs Consumer Cyclical Sector
| Metric | F | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
F has no meaningful PE right now: it lost money over the past year.
PDD PE vs Consumer Cyclical Sector
| Metric | PDD | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 18x | 54% below |
| PE % | 2 | 47 | 45 pts below |
PDD is trading at 8.2x earnings, a 54% discount to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
F Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.2 | 2.5% below |
| 20 week MA | $13.3 | 11% below |
| 50 week MA | $13.4 | 11% below |
| 100 week MA | $12.1 | 2% below |
| 200 week MA | $12.1 | 1.4% below |
F is in a downtrend: it's below all five of its weekly moving averages, and 1.4% below its 200-week average.
PDD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.2 | 2.1% below |
| 20 week MA | $82.3 | 5.8% below |
| 50 week MA | $93.3 | 17% below |
| 100 week MA | $104.0 | 25% below |
| 200 week MA | $107.0 | 28% below |
PDD is in a downtrend: it's below all five of its weekly moving averages, and 28% below its 200-week average.
F Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.36 | $8.86 | -5.3% |
| 2021 | $8.86 | $20.3 | +129% |
| 2022 | $20.3 | $11.4 | -44% |
| 2023 | $11.4 | $12.2 | +7.3% |
| 2024 | $12.2 | $10.0 | -18% |
| 2025 | $10.0 | $13.3 | +33% |
| 2026 YTD | $13.3 | $11.9 | -11% |
F has the edge over PDD on returns for 2026, with the stronger performance.
PDD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.2 | $152.8 | +289% |
| 2021 | $152.8 | $57.7 | -62% |
| 2022 | $57.7 | $84.0 | +46% |
| 2023 | $84.0 | $146.3 | +74% |
| 2024 | $146.3 | $97.5 | -33% |
| 2025 | $97.5 | $115.0 | +18% |
| 2026 YTD | $115.0 | $77.5 | -33% |
PDD's yearly returns have swung widely, from +289% in 2020 to −62% in 2021. It's down 33% so far in 2026.