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Side-by-side financial comparison of Autohome Inc. (ATHM) and PDD Holdings Inc. (PDD). Click either name above to swap in a different company.
PDD Holdings Inc. is the larger business by last-quarter revenue ($15.2B vs $249.8M, roughly 60.9× Autohome Inc.). PDD Holdings Inc. runs the higher net margin — 27.1% vs 23.8%, a 3.3% gap on every dollar of revenue. Over the past eight quarters, PDD Holdings Inc.'s revenue compounded faster (74.6% CAGR vs -0.6%).
@Home Network was a high-speed cable Internet service provider from 1996 to 2002. It was founded by Milo Medin, cable companies Tele-Communications Inc. (TCI), Comcast, and Cox Communications, and William Randolph Hearst III, who was their first CEO, as a joint venture to produce high-speed cable Internet service through two-way television cable infrastructure. At the company's peak, it provided high-speed Internet service for 4.1 million subscribers in the United States, Canada, Japan, Austr...
Pinduoduo is a Chinese online retailer, with a focus on the traditional agriculture industry. The business is the largest product of PDD Holdings, a company currently headquartered in Ireland that also owns the online marketplace Temu.
ATHM vs PDD — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $249.8M | $15.2B |
| Net Profit | $59.4M | $4.1B |
| Gross Margin | 63.7% | 56.7% |
| Operating Margin | 8.3% | 23.1% |
| Net Margin | 23.8% | 27.1% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $249.8M | $15.2B | ||
| Q2 25 | $245.4M | $14.5B | ||
| Q1 25 | $244.3M | — | ||
| Q3 24 | $252.9M | $14.2B | ||
| Q2 24 | $257.7M | — | ||
| Q1 24 | $222.9M | $12.0B | ||
| Q3 23 | $261.2M | $9.4B | ||
| Q2 23 | $252.8M | $7.2B |
| Q3 25 | $59.4M | $4.1B | ||
| Q2 25 | $56.0M | $4.3B | ||
| Q1 25 | — | — | ||
| Q3 24 | $61.0M | $3.6B | ||
| Q2 24 | $69.3M | — | ||
| Q1 24 | $52.4M | $3.9B | ||
| Q3 23 | $78.7M | $2.1B | ||
| Q2 23 | $69.9M | $1.8B |
| Q3 25 | 63.7% | 56.7% | ||
| Q2 25 | 71.4% | 55.9% | ||
| Q1 25 | — | — | ||
| Q3 24 | 77.0% | 60.0% | ||
| Q2 24 | 81.5% | — | ||
| Q1 24 | 81.3% | 62.3% | ||
| Q3 23 | 80.4% | 61.0% | ||
| Q2 23 | 82.0% | 64.3% |
| Q3 25 | 8.3% | 23.1% | ||
| Q2 25 | 16.9% | 24.8% | ||
| Q1 25 | 13.0% | — | ||
| Q3 24 | 4.7% | 24.5% | ||
| Q2 24 | 22.0% | — | ||
| Q1 24 | 17.2% | 29.9% | ||
| Q3 23 | 8.7% | 24.2% | ||
| Q2 23 | 18.6% | 24.3% |
| Q3 25 | 23.8% | 27.1% | ||
| Q2 25 | 22.8% | 29.6% | ||
| Q1 25 | — | — | ||
| Q3 24 | 24.1% | 25.1% | ||
| Q2 24 | 26.9% | — | ||
| Q1 24 | 23.5% | 32.3% | ||
| Q3 23 | 30.1% | 22.6% | ||
| Q2 23 | 27.7% | 25.1% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $55.0B |
| Total Assets | — | $86.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $13.0B | ||
| Q2 25 | — | $8.8B | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $9.3B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $7.7B | ||
| Q3 23 | — | $7.5B | ||
| Q2 23 | — | $4.3B |
| Q3 25 | — | $55.0B | ||
| Q2 25 | — | $50.5B | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $39.7B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $30.3B | ||
| Q3 23 | — | $22.2B | ||
| Q2 23 | — | $20.0B |
| Q3 25 | — | $86.2B | ||
| Q2 25 | — | $79.2B | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $66.5B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $52.3B | ||
| Q3 23 | — | $43.1B | ||
| Q2 23 | — | $37.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $6.4B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.9B | ||
| Q3 23 | — | $4.5B | ||
| Q2 23 | — | $3.2B |
| Q3 25 | — | 1.56× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.75× | ||
| Q3 23 | — | 2.09× | ||
| Q2 23 | — | 1.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHM
| Online marketplace and others | $114.7M | 46% |
| Leads generation services | $93.2M | 37% |
| Media services | $41.9M | 17% |
PDD
Segment breakdown not available.
