LCID
Lucid Group, Inc.
LCID offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
PDD
PDD Holdings Inc.
PDD has the edge over LCID overall, supported by lower modeled downside.
LCID Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
LCID's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
PDD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
PDD's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
LCID PE Valuation
LCID 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.
LCID Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect LCID's losses to shrink, with revenue growing. 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.
LCID Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$13.08 | -$2.57 |
| Q2 2026 | -$13.65 | -$2.35 |
| Q1 2026 | -$13.15 | -$1.25 |
| Q4 2025 | -$12.09 | +$0.41 |
| Q3 2025 | -$10.51 | +$2.49 |
| Q2 2025 | -$11.30 | +$0.40 |
| Q1 2025 | -$11.90 | +$0.40 |
| Q4 2024 | -$12.50 | +$1.10 |
LCID is still losing money, but less than at its worst: $13.08 per share over the past year, against $16.50 at its worst in mid-2023.
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 LCID on earnings quality, reporting a profit while its opponent remains loss making.
LCID Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $350.3M | +4.1% |
| Q2 2026 | $405.3M | +56% |
| Q1 2026 | $282.5M | +20% |
| Q4 2025 | $522.7M | +123% |
| Q3 2025 | $336.6M | +68% |
| Q2 2025 | $259.4M | +29% |
| Q1 2025 | $235M | +36% |
| Q4 2024 | $234.5M | +49% |
LCID has the edge over PDD on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -245% | +35 points |
| Q2 2026 | -267% | +43 points |
| Q1 2026 | -350% | -56 points |
| Q4 2025 | -204% | +109 points |
| Q3 2025 | -280% | +105 points |
| Q2 2025 | -310% | +83 points |
| Q1 2025 | -294% | +128 points |
| Q4 2024 | -313% | +156 points |
LCID's operating margin was −245% last quarter, up 35 points from the same quarter a year ago, near the top of its range since 2020.
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's revenue has grown year over year every quarter since late 2020: $16.9B last quarter, up 8.1% from the same quarter a year ago.
| 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 LCID on profitability, with a higher operating margin.
LCID Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1B | -$84.2M |
| Q2 2026 | -$1.5B | -$463.2M |
| Q1 2026 | -$1.4B | -$849M |
| Q4 2025 | -$1.2B | -$417.1M |
| Q3 2025 | -$955.5M | -$333M |
| Q2 2025 | -$1B | -$271.6M |
| Q1 2025 | -$589.9M | +$125.1M |
| Q4 2024 | -$824.8M | -$77.6M |
LCID has burned cash in almost every quarter: −$5.2B over the past year, against −$3.4B the year before.
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 has the edge over LCID on cash generation, producing positive trailing cash flow while its opponent burns cash.
LCID Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.3% | +12.5M shares |
| 1 year | +26% | +82.4M shares |
| 3 years | +73% | +166M shares |
LCID has 395M diluted shares, up 26% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | $2.2M |
| Q1 2020 | — |
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 LCID 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.
LCID Net Leverage
LCID's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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.
LCID Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.9 | Neutral |
| Stochastic | 7.1 | Oversold |
LCID's weekly RSI is 33 (neutral) and its Stochastic is 7 (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).
LCID PE vs Consumer Cyclical Sector
LCID 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.
LCID Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.53 | 7.9% below |
| 20 week MA | $4.88 | 33% below |
| 50 week MA | $7.33 | 56% below |
| 100 week MA | $15.4 | 79% below |
| 200 week MA | $31.9 | 90% below |
LCID is in a downtrend: it's below all five of its weekly moving averages, and 90% 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.
LCID Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $98.9 | $100.4 | +1.5% |
| 2021 | $100.4 | $376.4 | +275% |
| 2022 | $376.4 | $67.0 | -82% |
| 2023 | $67.0 | $42.1 | -37% |
| 2024 | $42.1 | $32.0 | -24% |
| 2025 | $32.0 | $11.4 | -64% |
| 2026 YTD | $11.4 | $3.25 | -72% |
LCID has finished four years in a row lower, and it's down 72% so far in 2026.
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 has the edge over LCID on returns for 2026, with the stronger performance.