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拼多多（PDD）与优客工场（UK）财务数据对比。点击上方公司名可切换其他公司
拼多多的季度营收约是优客工场的12152.8倍（$15.2B vs $1.3M）。拼多多净利率更高（27.1% vs -14.0%，领先41.1%）
PDD控股是总部位于爱尔兰的跨国企业，旗下拥有中国头部线上零售平台拼多多和跨境电商平台Temu。拼多多主打农业供应链数字化升级，助力农产品直接对接广大消费者需求。
优客工场，原称UrWork，是总部位于北京的共享办公空间运营商，由毛大庆在2015年创立。目前是全球规模仅次于WeWork的第二大共享办公服务商，在全球三十余个城市布局有办公空间，覆盖上海、新加坡、中国香港、纽约等城市，2018年8月估值达18亿美元，是中国共享办公领域首个本土独角兽企业。
PDD vs UK — 直观对比
营收规模更大
PDD
是对方的12152.8倍
$1.3M
净利率更高
PDD
高出41.1%
-14.0%
损益表 — Q3 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $15.2B | $1.3M |
| 净利润 | $4.1B | $-175.0K |
| 毛利率 | 56.7% | — |
| 营业利润率 | 23.1% | -18.8% |
| 净利率 | 27.1% | -14.0% |
| 营收同比 | — | -92.4% |
| 净利润同比 | — | 97.5% |
| 每股收益（稀释后） | — | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PDDUK
| Q3 25 | $15.2B | — | ||
| Q2 25 | $14.5B | $1.3M | ||
| Q3 24 | $14.2B | — | ||
| Q2 24 | — | $16.4M | ||
| Q1 24 | $12.0B | — | ||
| Q3 23 | $9.4B | — | ||
| Q2 23 | $7.2B | $37.2M | ||
| Q4 22 | $5.8B | — |
净利润PDDUK
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.3B | $-175.0K | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | — | $-6.9M | ||
| Q1 24 | $3.9B | — | ||
| Q3 23 | $2.1B | — | ||
| Q2 23 | $1.8B | $-5.3M | ||
| Q4 22 | $1.4B | — |
毛利率PDDUK
| Q3 25 | 56.7% | — | ||
| Q2 25 | 55.9% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 62.3% | — | ||
| Q3 23 | 61.0% | — | ||
| Q2 23 | 64.3% | — | ||
| Q4 22 | 77.6% | — |
营业利润率PDDUK
| Q3 25 | 23.1% | — | ||
| Q2 25 | 24.8% | -18.8% | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | — | -23.6% | ||
| Q1 24 | 29.9% | — | ||
| Q3 23 | 24.2% | — | ||
| Q2 23 | 24.3% | -22.0% | ||
| Q4 22 | 22.9% | — |
净利率PDDUK
| Q3 25 | 27.1% | — | ||
| Q2 25 | 29.6% | -14.0% | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | — | -42.2% | ||
| Q1 24 | 32.3% | — | ||
| Q3 23 | 22.6% | — | ||
| Q2 23 | 25.1% | -14.2% | ||
| Q4 22 | 23.7% | — |
每股收益（稀释后）PDDUK
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-8.55 | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $-0.99 | ||
| Q4 22 | — | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $13.0B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $55.0B | $1.2M |
| 总资产 | $86.2B | $1.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PDDUK
| Q3 25 | $13.0B | — | ||
| Q2 25 | $8.8B | — | ||
| Q3 24 | $9.3B | — | ||
| Q2 24 | — | $10.7M | ||
| Q1 24 | $7.7B | — | ||
| Q3 23 | $7.5B | — | ||
| Q2 23 | $4.3B | $8.6M | ||
| Q4 22 | $21.7B | — |
总债务PDDUK
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $50.9K | ||
| Q4 22 | — | — |
股东权益PDDUK
| Q3 25 | $55.0B | — | ||
| Q2 25 | $50.5B | $1.2M | ||
| Q3 24 | $39.7B | — | ||
| Q2 24 | — | $4.7M | ||
| Q1 24 | $30.3B | — | ||
| Q3 23 | $22.2B | — | ||
| Q2 23 | $20.0B | $3.0M | ||
| Q4 22 | $17.1B | — |
总资产PDDUK
| Q3 25 | $86.2B | — | ||
| Q2 25 | $79.2B | $1.2M | ||
| Q3 24 | $66.5B | — | ||
| Q2 24 | — | $68.0M | ||
| Q1 24 | $52.3B | — | ||
| Q3 23 | $43.1B | — | ||
| Q2 23 | $37.8B | $103.4M | ||
| Q4 22 | $34.4B | — |
负债/权益比PDDUK
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | 0.02× | ||
| Q4 22 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $6.4B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.56× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PDDUK
| Q3 25 | $6.4B | — | ||
| Q2 25 | $3.0B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | — | $-677.0K | ||
| Q1 24 | $2.9B | — | ||
| Q3 23 | $4.5B | — | ||
| Q2 23 | $3.2B | $4.2M | ||
| Q4 22 | $7.0B | — |
自由现金流PDDUK
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-892.0K | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $3.2M | ||
| Q4 22 | — | — |
自由现金流率PDDUK
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -5.5% | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | 8.5% | ||
| Q4 22 | — | — |
资本支出强度PDDUK
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | 2.8% | ||
| Q4 22 | — | — |
现金转化率PDDUK
| Q3 25 | 1.56× | — | ||
| Q2 25 | 0.70× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.75× | — | ||
| Q3 23 | 2.09× | — | ||
| Q2 23 | 1.78× | — | ||
| Q4 22 | 5.13× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
