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Side-by-side financial comparison of PBF Energy Inc. (PBF) 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 $7.9B, roughly 1.9× PBF Energy Inc.). PDD Holdings Inc. runs the higher net margin — 27.1% vs 2.5%, a 24.6% gap on every dollar of revenue. Over the past eight quarters, PDD Holdings Inc.'s revenue compounded faster (74.6% CAGR vs -4.9%).
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
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.
PBF vs PDD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $15.2B |
| Net Profit | $200.2M | $4.1B |
| Gross Margin | 3.5% | 56.7% |
| Operating Margin | 3.8% | 23.1% |
| Net Margin | 2.5% | 27.1% |
| Revenue YoY | 11.9% | — |
| Net Profit YoY | 149.4% | — |
| EPS (diluted) | $1.65 | — |
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.
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.1B | — | ||
| Q3 25 | $7.7B | $15.2B | ||
| Q2 25 | $7.5B | $14.5B | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.4B | — | ||
| Q3 24 | $8.4B | $14.2B | ||
| Q2 24 | $8.7B | — |
| Q1 26 | $200.2M | — | ||
| Q4 25 | $78.4M | — | ||
| Q3 25 | $170.1M | $4.1B | ||
| Q2 25 | $-5.2M | $4.3B | ||
| Q1 25 | $-401.8M | — | ||
| Q4 24 | $-289.3M | — | ||
| Q3 24 | $-285.9M | $3.6B | ||
| Q2 24 | $-65.2M | — |
| Q1 26 | 3.5% | — | ||
| Q4 25 | -1.8% | — | ||
| Q3 25 | 0.5% | 56.7% | ||
| Q2 25 | -0.8% | 55.9% | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | -3.4% | 60.0% | ||
| Q2 24 | 0.1% | — |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 1.8% | — | ||
| Q3 25 | 3.7% | 23.1% | ||
| Q2 25 | 0.6% | 24.8% | ||
| Q1 25 | -7.2% | — | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | -4.6% | 24.5% | ||
| Q2 24 | -0.9% | — |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.2% | 27.1% | ||
| Q2 25 | -0.1% | 29.6% | ||
| Q1 25 | -5.7% | — | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -3.4% | 25.1% | ||
| Q2 24 | -0.7% | — |
| Q1 26 | $1.65 | — | ||
| Q4 25 | $0.74 | — | ||
| Q3 25 | $1.45 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $-3.53 | — | ||
| Q4 24 | $-2.41 | — | ||
| Q3 24 | $-2.49 | — | ||
| Q2 24 | $-0.56 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $541.8M | $13.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.7B | $55.0B |
| Total Assets | $14.7B | $86.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $541.8M | — | ||
| Q4 25 | $527.9M | — | ||
| Q3 25 | $482.0M | $13.0B | ||
| Q2 25 | $590.7M | $8.8B | ||
| Q1 25 | $468.6M | — | ||
| Q4 24 | $536.1M | — | ||
| Q3 24 | $976.7M | $9.3B | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | $55.0B | ||
| Q2 25 | $5.1B | $50.5B | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.9B | $39.7B | ||
| Q2 24 | $6.3B | — |
| Q1 26 | $14.7B | — | ||
| Q4 25 | $13.0B | — | ||
| Q3 25 | $13.0B | $86.2B | ||
| Q2 25 | $13.0B | $79.2B | ||
| Q1 25 | $13.0B | — | ||
| Q4 24 | $12.7B | — | ||
| Q3 24 | $13.1B | $66.5B | ||
| Q2 24 | $14.1B | — |
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 | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $366.6M | — | ||
| Q3 25 | $25.7M | $6.4B | ||
| Q2 25 | $191.1M | $3.0B | ||
| Q1 25 | $-661.4M | — | ||
| Q4 24 | $-329.7M | — | ||
| Q3 24 | $-68.0M | $3.9B | ||
| Q2 24 | $425.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $77.0M | — | ||
| Q3 25 | $-122.8M | — | ||
| Q2 25 | $35.0M | — | ||
| Q1 25 | $-772.4M | — | ||
| Q4 24 | $-425.7M | — | ||
| Q3 24 | $-169.8M | — | ||
| Q2 24 | $371.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | -1.6% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | -10.9% | — | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -2.0% | — | ||
| Q2 24 | 4.3% | — |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.1% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.68× | — | ||
| Q3 25 | 0.15× | 1.56× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
