Verdict: Side-by-side breakdown using the Bull Rankings model. PDD scored 65.9, CHWY scored 63.0 — PDD leads.
Compare another set
Different reporting periods. CHWY's fundamentals are as of July 2026, but PDD's are as of December 2025 — a 7-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
PDD
PDD Holdings Inc.
Internet Retail · Quality-Growth
65.9
$81.35 · $115.8B
fundamentals as of
Score gap
2.9
PDD leads
CHWY
Chewy, Inc.
Internet Retail · Quality-Growth
63
$18.95 · $7.6B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestPDD9.2x
Fastest growthPDD+9.7%
Strongest balance sheetPDD0.01
Highest qualityPDD89 / 100
Largest discount to fair valuePDD-59%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
PDD
stronger →← stronger
CHWY
89
Qualityreturns · margins · balance sheet
73
69
Growthrevenue & earnings expansion
71
84
Valuevaluation vs sector peers
48
PDD is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
PDD
CHWY
$16.5bA-
FCF
$568mC+
+9.7%B
Rev
+6.2%C+
0.01A
D/E
3.13C
9.2xA
P/E
29.2xC
0.68A-
PEG
0.33A
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
PDD
CHWY
59% below
Price vs fair valuelower is cheaper
2% below
~-14%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~8%/yr
+124%
1-yr DCF upside
-8%
+141%
5-yr DCF upside
+2%
+169%
10-yr DCF upside
+17%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
PDD
Why this score
Durable high returns
Foreign reporter (CNY)
CHWY
Why this score
Durable high returns
The companies
PDDPDD Holdings Inc.
Internet Retail · $81.35 · beta -0.05
Why now
Internet Retail · market cap $115.8b. Down 42% from 52-week high of $139.41 — deep drawdown territory. PEG 0.68 — paying under fair value for the growth rate. 34 sell-side analysts rate this a Buy with a mean 1-yr target of $114.96 (implying +41% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 24% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 120% of net income — earnings translate cleanly into cash.
Risk
Down 42% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. E-commerce competition — Amazon, Walmart, Shein, and Temu have each forced the rest of the category to compete on price, fulfillment speed, or assortment; sustaining margins requires one of those being structurally defended.
CHWYChewy, Inc.
Internet Retail · $18.95 · beta 1.38
Why now
Internet Retail · market cap $7.6b. Down 52% from 52-week high of $39.70 — deep drawdown territory. PEG 0.33 — paying under fair value for the growth rate. 22 sell-side analysts rate this a Buy with a mean 1-yr target of $28.64 (implying +51% upside).
Moat
ROE 72% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Free cash flow runs well ahead of reported net income, mostly because of stock-based pay ($298m) — a real cost to shareholders, paid in shares rather than cash.
Risk
D/E 3.13 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Down 52% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Net margin 2.1% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
Verdict — model-derived comparison
CHWY leads PDD by 3.5 points (72.7 to 69.2), its sharpest advantage coming in PEG (grade A). A contrarian could still prefer PDD, which trades about 63% below our DCF fair value — a margin of safety the score doesn't reward. Note they play different roles — CHWY screens as growth, PDD screens as value — so the model rewards different traits for each.
Our AI analyst is busy right now, so this verdict is drawn directly from the pillars, grades and DCF above.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where PDD and CHWY diverge
On the headline score the gap is 2.9 points in favor of PDD. The widest single difference is Value, where PDD leads by 36.0 points.
ValuePDD 84.4 · CHWY 48.4PDD +36.0
QualityPDD 89.1 · CHWY 73.3PDD +15.8
GrowthPDD 69.1 · CHWY 70.5level
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is PDD or CHWY the better stock?
PDD scores higher: PDD 65.9, CHWY 63.0 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do PDD and CHWY differ most?
The widest gap is value, where PDD leads by 36 points on the 0–100 pillar scale. PDD also leads quality, while growth is effectively level between them.
How are PDD and CHWY scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.