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Side-by-side financial comparison of Charter Communications (CHTR) 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 $13.6B, roughly 1.1× Charter Communications). PDD Holdings Inc. runs the higher net margin — 27.1% vs 8.6%, a 18.5% gap on every dollar of revenue. Over the past eight quarters, PDD Holdings Inc.'s revenue compounded faster (74.6% CAGR vs -0.3%).

Charter Communications, Inc., is an American telecommunications and mass media company with services branded as Spectrum. The company is headquartered in Stamford, Connecticut.

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.

CHTR vs PDD — Head-to-Head

Bigger by revenue
PDD
PDD
1.1× larger
PDD
$15.2B
$13.6B
CHTR
Higher net margin
PDD
PDD
18.5% more per $
PDD
27.1%
8.6%
CHTR
Faster 2-yr revenue CAGR
PDD
PDD
Annualised
PDD
74.6%
-0.3%
CHTR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CHTR
CHTR
PDD
PDD
Revenue
$13.6B
$15.2B
Net Profit
$1.2B
$4.1B
Gross Margin
56.7%
Operating Margin
23.6%
23.1%
Net Margin
8.6%
27.1%
Revenue YoY
-1.0%
Net Profit YoY
-4.4%
EPS (diluted)
$9.17

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.

Revenue
CHTR
CHTR
PDD
PDD
Q1 26
$13.6B
Q4 25
$13.6B
Q3 25
$13.7B
$15.2B
Q2 25
$13.8B
$14.5B
Q1 25
$13.7B
Q4 24
$13.9B
Q3 24
$13.8B
$14.2B
Q2 24
$13.7B
Net Profit
CHTR
CHTR
PDD
PDD
Q1 26
$1.2B
Q4 25
$1.3B
Q3 25
$1.1B
$4.1B
Q2 25
$1.3B
$4.3B
Q1 25
$1.2B
Q4 24
$1.5B
Q3 24
$1.3B
$3.6B
Q2 24
$1.2B
Gross Margin
CHTR
CHTR
PDD
PDD
Q1 26
Q4 25
Q3 25
56.7%
Q2 25
55.9%
Q1 25
Q4 24
Q3 24
60.0%
Q2 24
Operating Margin
CHTR
CHTR
PDD
PDD
Q1 26
23.6%
Q4 25
24.0%
Q3 25
22.9%
23.1%
Q2 25
23.8%
24.8%
Q1 25
23.6%
Q4 24
24.3%
Q3 24
24.2%
24.5%
Q2 24
23.8%
Net Margin
CHTR
CHTR
PDD
PDD
Q1 26
8.6%
Q4 25
9.8%
Q3 25
8.3%
27.1%
Q2 25
9.5%
29.6%
Q1 25
8.9%
Q4 24
10.5%
Q3 24
9.3%
25.1%
Q2 24
9.0%
EPS (diluted)
CHTR
CHTR
PDD
PDD
Q1 26
$9.17
Q4 25
$10.27
Q3 25
$8.34
Q2 25
$9.18
Q1 25
$8.42
Q4 24
$10.11
Q3 24
$8.82
Q2 24
$8.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHTR
CHTR
PDD
PDD
Cash + ST InvestmentsLiquidity on hand
$517.0M
$13.0B
Total DebtLower is stronger
$94.4B
Stockholders' EquityBook value
$21.1B
$55.0B
Total Assets
$154.6B
$86.2B
Debt / EquityLower = less leverage
4.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHTR
CHTR
PDD
PDD
Q1 26
$517.0M
Q4 25
$477.0M
Q3 25
$464.0M
$13.0B
Q2 25
$606.0M
$8.8B
Q1 25
$796.0M
Q4 24
$459.0M
Q3 24
$721.0M
$9.3B
Q2 24
$602.0M
Total Debt
CHTR
CHTR
PDD
PDD
Q1 26
$94.4B
Q4 25
$94.8B
Q3 25
$95.2B
Q2 25
$94.4B
Q1 25
$93.8B
Q4 24
$93.9B
Q3 24
$95.3B
Q2 24
$96.7B
Stockholders' Equity
CHTR
CHTR
PDD
PDD
Q1 26
$21.1B
Q4 25
$16.1B
Q3 25
$15.3B
$55.0B
Q2 25
$16.2B
$50.5B
Q1 25
$16.2B
Q4 24
$15.6B
Q3 24
$14.1B
$39.7B
Q2 24
$12.9B
Total Assets
CHTR
CHTR
PDD
PDD
Q1 26
$154.6B
Q4 25
$154.2B
Q3 25
$152.8B
$86.2B
Q2 25
$151.6B
$79.2B
Q1 25
$151.0B
Q4 24
$150.0B
Q3 24
$149.4B
$66.5B
Q2 24
$148.6B
Debt / Equity
CHTR
CHTR
PDD
PDD
Q1 26
4.48×
Q4 25
5.90×
Q3 25
6.20×
Q2 25
5.82×
Q1 25
5.77×
Q4 24
6.03×
Q3 24
6.76×
Q2 24
7.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHTR
CHTR
PDD
PDD
Operating Cash FlowLast quarter
$6.4B
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
10.1%
Capex IntensityCapex / Revenue
21.0%
Cash ConversionOCF / Net Profit
1.56×
TTM Free Cash FlowTrailing 4 quarters
$4.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHTR
CHTR
PDD
PDD
Q1 26
Q4 25
$3.8B
Q3 25
$4.5B
$6.4B
Q2 25
$3.6B
$3.0B
Q1 25
$4.2B
Q4 24
$3.5B
Q3 24
$3.9B
$3.9B
Q2 24
$3.9B
Free Cash Flow
CHTR
CHTR
PDD
PDD
Q1 26
$1.4B
Q4 25
$426.0M
Q3 25
$1.4B
Q2 25
$726.0M
Q1 25
$1.8B
Q4 24
$398.0M
Q3 24
$1.3B
Q2 24
$1.0B
FCF Margin
CHTR
CHTR
PDD
PDD
Q1 26
10.1%
Q4 25
3.1%
Q3 25
10.5%
Q2 25
5.3%
Q1 25
13.4%
Q4 24
2.9%
Q3 24
9.7%
Q2 24
7.3%
Capex Intensity
CHTR
CHTR
PDD
PDD
Q1 26
21.0%
Q4 25
24.5%
Q3 25
22.3%
Q2 25
20.9%
Q1 25
17.5%
Q4 24
22.0%
Q3 24
18.6%
Q2 24
20.8%
Cash Conversion
CHTR
CHTR
PDD
PDD
Q1 26
Q4 25
2.82×
Q3 25
3.94×
1.56×
Q2 25
2.77×
0.70×
Q1 25
3.48×
Q4 24
2.36×
Q3 24
3.05×
1.10×
Q2 24
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CHTR
CHTR

Internet$5.9B43%
Video$3.3B24%
Small business$1.1B8%
Mobile service$1.1B8%
Other$906.0M7%
Mid-market & large business$749.0M6%
Advertising sales$358.0M3%
Voice$338.0M2%

PDD
PDD

Segment breakdown not available.

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