Side by sideMeituan (3690.HK) and JD.com (9618.HK)Memos of October 15, 2026 and October 16, 2026
Meituan vs JD.com stock: the numbers side by side (October 2026)
How do Meituan and JD.com compare?
| Meituan 3690.HK | JD.com 9618.HK | |
|---|---|---|
| Revenue growth | 8.1%2025 | 13.0%2025 |
| Operating margin | -6.9%2025 | 0.2%2025 |
| Free cash flow | -31,701.735RMB millions · 2025 | 1,200RMB millions · 2025 |
| Free cash flow yield | -8.0%Today (Oct 15, 2026) | 0.5%Today (Oct 16, 2026) |
| P/E, last 12 months | not meaningfulToday (Oct 15, 2026) | 18.4xToday (Oct 16, 2026) |
| P/E, next 12 months | 16.9xToday (Oct 15, 2026) | 8.4xToday (Oct 16, 2026) |
| Weighted price forecast, about 1 year | 86.09 (+14 %)October 2027 | 196.12 (+89 %)October 2027 |
| Weighted price forecast, about 3 years | 106.34 (+41 %)October 2029 | 285.37 (+180 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | JD.com | The higher figure |
| Operating margin | JD.com | The higher figure |
| Free cash flow | JD.com | The higher figure |
| Free cash flow yield | JD.com | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | JD.com | The lower figure |
| Weighted price forecast, about 1 year | JD.com | The higher weighted return |
| Weighted price forecast, about 3 years | JD.com | The higher weighted return |
What does each company do?
Meituan connects consumers with nearby restaurants, shops and local services.
Meituan (3690.HK), from our memo of October 15, 2026 · Meituan stock forecast
JD.com sells goods from its own inventory, hosts independent merchants, and earns from advertising, logistics and business services.
JD.com (9618.HK), from our memo of October 16, 2026 · JD.com stock forecast
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