JD.com, Inc. (JD) 10-Year Financial Performance & Capital Metrics

JD • • Industrial / General

Consumer CyclicalSpecialty RetailE-commerce MarketplacesRegional E-commerce Leaders

AboutJD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. In addition, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; offers asset management services and integrated service platform; leasing of storage facilities and related management services; and engages in online retail business. Further, it provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions; and technology-driven supply chain solutions and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.Show more

Revenue $1158.82B +6.8%
EBITDA $46.52B +35.6%
Net Income $41.36B +71.1%
EPS (Diluted) 26.90 +76.5%
Gross Margin 9.79% -33.5%
EBITDA Margin 4.01% +26.9%
Operating Margin 3.34% +39.3%
Net Margin 3.57% +60.2%
ROE 13.57% +60.1%
ROIC 9.89% +40.1%
Debt/Equity 0.29 +24.1%
Interest Coverage 13.38 +48.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 27.7%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.0%
✓Share count reduced 3.0% through buybacks
✓Trading at only 0.1x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y25.99%

5Y14.97%

3Y6.79%

TTM16.63%

Profit (Net Income) CAGR

10Y-

5Y27.69%

3Y-

TTM-7.73%

EPS CAGR

10Y-

5Y26.76%

3Y-

TTM-6.37%

ROCE

10Y Avg2.52%

5Y Avg7.02%

3Y Avg8.07%

Latest10.17%

Peer Comparison

Regional E-commerce Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CPNGCoupang, Inc.	35.46B	21.25	252.08	24.14%	1.16%	8.23%	2.84%	0.91
MELIMercadoLibre, Inc.	106.41B	2098.85	55.69	37.53%	7.93%	33.4%	6.63%	1.58
BABAAlibaba Group Holding Limited	408.07B	170.93	3.19	5.86%	12.19%	11.1%	19%	0.23
JDJD.com, Inc.	41.73B	29.41	1.09	6.84%	2.47%	10.58%	100%	0.29
HEPSD-Market Elektronik Hizmetler ve Ticaret A.S.	795.08M	2.78	-0.56	60.43%	-4.38%	-362.8%		0.67
JMIAJumia Technologies AG	1.57B	12.78	-7.89	-10.15%	-40.86%	-202.57%		0.13

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	181.29B	260.12B	362.33B	462.02B	576.89B	745.8B	951.59B	1.05T	1.08T	1.16T
Revenue Growth %	0.58%	0.43%	0.39%	0.28%	0.25%	0.29%	0.28%	0.1%	0.04%	0.07%
Cost of Goods Sold+	157.01B	220.7B	311.52B	396.07B	492.47B	636.69B	822.53B	899.16B	924.96B	1.05T
COGS % of Revenue	0.87%	0.85%	0.86%	0.86%	0.85%	0.85%	0.86%	0.86%	0.85%	0.9%
Gross Profit+	24.28B	39.42B	50.81B	65.95B	84.42B	109.11B	129.07B	147.07B	159.7B	113.44B
Gross Margin %	0.13%	0.15%	0.14%	0.14%	0.15%	0.15%	0.14%	0.14%	0.15%	0.1%
Gross Profit Growth %	0.82%	0.62%	0.29%	0.3%	0.28%	0.29%	0.18%	0.14%	0.09%	-0.29%
Operating Expenses+	27.99B	41.57B	51.65B	68.55B	75.43B	96.77B	124.92B	127.35B	133.68B	74.71B
OpEx % of Revenue	0.15%	0.16%	0.14%	0.15%	0.13%	0.13%	0.13%	0.12%	0.12%	0.06%
Selling, General & Admin	24.53B	36.19B	45B	56.41B	27.72B	33.56B	50.3B	48.83B	49.84B	56.84B
SG&A % of Revenue	0.14%	0.14%	0.12%	0.12%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Research & Development	3.45B	5.38B	6.65B	12.14B	14.62B	16.15B	16.33B	16.89B	16.39B	17.03B
R&D % of Revenue	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.01%
Other Operating Expenses	-140.6M	0	0	95.17M	33.08B	47.05B	58.29B	61.63B	67.44B	834M
Operating Income+	-6.46B	-2.14B	-835.48M	-2.62B	8.99B	12.34B	4.14B	19.72B	26.02B	38.74B
Operating Margin %	-0.04%	-0.01%	-0%	-0.01%	0.02%	0.02%	0%	0.02%	0.02%	0.03%
Operating Income Growth %	-0.11%	0.67%	0.61%	-2.13%	4.43%	0.37%	-0.66%	3.76%	0.32%	0.49%
EBITDA+	-3.84B	1.23B	3.27B	2.94B	14.82B	18.41B	10.37B	26.96B	34.32B	46.52B
EBITDA Margin %	-0.02%	0%	0.01%	0.01%	0.03%	0.02%	0.01%	0.03%	0.03%	0.04%
EBITDA Growth %	0.08%	1.32%	1.67%	-0.1%	4.04%	0.24%	-0.44%	1.6%	0.27%	0.36%
D&A (Non-Cash Add-back)	2.62B	3.37B	4.11B	5.56B	5.83B	6.07B	6.23B	7.24B	8.29B	7.79B
EBIT	-7.68B	-1.26B	1.08B	-1.52B	14.42B	51.94B	-1.37B	15.97B	34.53B	39.57B
Net Interest Income+	600.41M	608.28M	1.57B	1.26B	1.06B	1.63B	3B	3.64B	6.7B	6.46B
Interest Income	673.01M	1.23B	2.53B	2.12B	1.79B	2.75B	4.21B	5.74B	9.58B	9.35B
Interest Expense	72.59M	618.57M	963.74M	854.54M	725.01M	1.13B	1.21B	2.11B	2.88B	2.9B
Other Income/Expense	-2.4B	-630.25M	956.44M	245.45M	4.7B	38.48B	-6.72B	-5.86B	5.63B	12.8B
Pretax Income+	-7.76B	-1.88B	120.96M	-2.37B	13.69B	50.82B	-2.58B	13.87B	31.65B	51.54B
Pretax Margin %	-0.04%	-0.01%	0%	-0.01%	0.02%	0.07%	-0%	0.01%	0.03%	0.04%
Income Tax+	-14.65M	166.39M	139.59M	426.87M	1.8B	1.48B	1.89B	4.18B	8.39B	6.88B
Effective Tax Rate %	1%	1.06%	1.06%	1.05%	0.89%	0.97%	1.38%	0.75%	0.76%	0.8%
Net Income+	-7.73B	-2B	128.76M	-2.49B	12.18B	49.41B	-3.56B	10.38B	24.17B	41.36B
Net Margin %	-0.04%	-0.01%	0%	-0.01%	0.02%	0.07%	-0%	0.01%	0.02%	0.04%
Net Income Growth %	0.4%	0.74%	1.06%	-20.35%	5.89%	3.05%	-1.07%	3.92%	1.33%	0.71%
Net Income (Continuing)	-7.74B	-2.05B	-18.63M	-2.8B	11.89B	49.34B	-4.47B	9.69B	23.26B	44.66B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	137.83M	7.33B	347.89M	17.06B	2.69B	34.08B	37.87B	60.76B	64.52B	73.95B
EPS (Diluted)+	-5.66	-2.40	0.08	-1.74	8.22	31.78	-2.30	6.42	15.24	26.90
EPS Growth %	-0.37%	0.58%	1.03%	-22.75%	5.72%	2.87%	-1.07%	3.79%	1.37%	0.77%
EPS (Basic)	-5.66	-2.40	0.10	-1.74	8.36	32.70	-2.30	6.64	15.38	27.66
Diluted Shares Outstanding	1.37B	1.4B	1.46B	1.44B	1.48B	1.55B	1.55B	1.59B	1.59B	1.54B
Basic Shares Outstanding	1.37B	1.4B	1.42B	1.44B	1.46B	1.51B	1.55B	1.56B	1.57B	1.54B
Dividend Payout Ratio	-	-	-	-	-	-	-	1.26%	0.28%	0.2%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	58.47B	106.93B	115.03B	104.86B	19.97B	234.8B	299.67B	351.07B	307.81B	386.7B
Cash & Short-Term Investments	20.64B	26.95B	34.28B	36.3B	9.26B	146.66B	185.33B	219.96B	190.15B	234B
Cash Only	17.86B	19.77B	25.69B	34.26B	5.73B	86.08B	70.77B	78.86B	71.89B	108.35B
Short-Term Investments	2.78B	7.17B	8.59B	2.04B	3.53B	60.58B	114.56B	141.09B	118.25B	125.64B
Accounts Receivable	8.68B	17.46B	32.29B	14.25B	1.72B	13.78B	17.4B	26.72B	22.42B	30.4B
Days Sales Outstanding	17.47	24.51	32.53	11.25	1.09	6.74	6.67	9.32	7.54	9.58
Inventory	20.54B	28.91B	41.7B	44.03B	8.4B	58.93B	75.6B	77.95B	68.06B	89.33B
Days Inventory Outstanding	47.75	47.81	48.86	40.58	6.23	33.78	33.55	31.64	26.86	31.19
Other Current Assets	3.6B	26.42B	6.37B	7.09B	585.45M	11.66B	17.38B	22.61B	24.44B	25.36B
Total Non-Current Assets+	26.7B	53.44B	69.03B	104.31B	17.32B	187.49B	196.84B	244.18B	321.15B	311.54B
Property, Plant & Equipment	7.5B	9.39B	15.77B	27.64B	5.04B	45.99B	58.75B	88.51B	100.82B	113.43B
Fixed Asset Turnover	24.17x	27.70x	22.98x	16.72x	114.47x	16.22x	16.20x	11.82x	10.76x	10.22x
Goodwill	29.05M	6.54B	6.65B	6.64B	953.77M	10.9B	12.43B	23.12B	19.98B	25.71B
Intangible Assets	7.19B	10.9B	13.74B	15.49B	590.04M	17.59B	20.16B	42.99B	46.5B	44.63B
Long-Term Investments	9.87B	15.24B	28.58B	47.26B	8.18B	97.59B	82.31B	69.25B	137.59B	116.22B
Other Non-Current Assets	2.11B	3.32B	4.12B	7.18B	2.54B	14.89B	22.07B	18.77B	14.52B	9.09B
Total Assets+	85.17B	160.37B	184.05B	209.16B	37.29B	422.29B	496.51B	595.25B	628.96B	698.23B
Asset Turnover	2.13x	1.62x	1.97x	2.21x	15.47x	1.77x	1.92x	1.76x	1.72x	1.66x
Asset Growth %	0.28%	0.88%	0.15%	0.14%	-0.82%	10.33%	0.18%	0.2%	0.06%	0.11%
Total Current Liabilities+	49.03B	104.74B	118.25B	120.86B	20.1B	174.02B	221.64B	266.56B	265.65B	299.52B
Accounts Payable	29.82B	46.04B	74.34B	79.99B	12.98B	106.82B	140.48B	160.61B	166.17B	158.51B
Days Payables Outstanding	69.32	76.14	87.1	73.71	9.62	61.24	62.34	65.2	65.57	55.35
Short-Term Debt	3.62B	17.72B	12.88B	4.54B	516.37M	3.26B	4.37B	12.15B	5.03B	7.58B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.05B	25.28B	10.82B	14.66B	2.8B	19.18B	21.46B	23.77B	26.21B	79.83B
Current Ratio	1.19x	1.02x	0.97x	0.87x	0.99x	1.35x	1.35x	1.32x	1.16x	1.29x
Quick Ratio	0.77x	0.74x	0.62x	0.50x	0.58x	1.01x	1.01x	1.02x	0.90x	0.99x
Cash Conversion Cycle	-4.1	-3.82	-5.71	-21.88	-2.31	-20.71	-22.12	-24.23	-31.17	-14.58
Total Non-Current Liabilities+	5.46B	14.41B	13.42B	11.47B	2.74B	26.65B	28.09B	54.57B	66.93B	85.42B
Long-Term Debt	2.75B	10.91B	10.92B	9.87B	1.44B	12.53B	9.39B	30.23B	41.97B	56.48B
Capital Lease Obligations	0	0	0	0	792.91M	10.25B	13.72B	14.98B	13.68B	18.11B
Deferred Tax Liabilities	1.23M	907.36M	882.25M	828.47M	192.23M	1.92B	1.9B	6.51B	9.27B	0
Other Non-Current Liabilities	147.59M	440.67M	2.49B	308.49M	32.43M	332M	1.79B	1.74B	1.05B	10.84B
Total Liabilities	54.49B	119.15B	131.67B	132.34B	22.84B	200.67B	249.72B	321.13B	332.58B	384.94B
Total Debt+	6.37B	28.63B	23.81B	14.42B	2.75B	31.55B	34.14B	65.05B	68.43B	89.77B
Net Debt	-11.49B	8.86B	-1.88B	-19.84B	-2.98B	-54.53B	-36.63B	-13.82B	-3.46B	-18.58B
Debt / Equity	0.21x	0.69x	0.45x	0.19x	0.19x	0.14x	0.14x	0.24x	0.23x	0.29x
Debt / EBITDA	-	23.34x	7.27x	4.90x	0.19x	1.71x	3.29x	2.41x	1.99x	1.93x
Net Debt / EBITDA	-	7.22x	-0.57x	-6.75x	-0.20x	-2.96x	-3.53x	-0.51x	-0.10x	-0.40x
Interest Coverage	-88.98x	-3.47x	-0.87x	-3.06x	12.41x	10.97x	3.41x	9.37x	9.03x	13.38x
Total Equity+	30.68B	41.22B	52.39B	76.83B	14.45B	221.62B	246.78B	274.12B	296.38B	313.3B
Equity Growth %	-0.18%	0.34%	0.27%	0.47%	-0.81%	14.34%	0.11%	0.11%	0.08%	0.06%
Book Value per Share	22.43	29.39	35.99	53.39	9.74	142.56	158.83	172.36	186.96	203.70
Total Shareholders' Equity	30.54B	33.89B	52.04B	59.77B	11.75B	187.54B	208.91B	213.37B	231.86B	239.35B
Common Stock	358K	377K	377K	380K	54.7K	0	0	0	0	0
Retained Earnings	-18.69B	-21.86B	-22.23B	-24.04B	-1.71B	37.42B	33.8B	29.3B	44.05B	83.26B
Treasury Stock	-3K	-5.18B	-4.46B	-3.78B	0	-1.22B	-2.97B	-2.49B	-3.41B	-27.74B
Accumulated OCI	838.04M	1.68B	2.48B	4.76B	443.91M	-2.02B	-4.5B	2.51B	7.01B	1.42B
Minority Interest	137.83M	7.33B	347.89M	17.06B	2.69B	34.08B	37.87B	60.76B	64.52B	73.95B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.81B	8.77B	24.82B	20.88B	24.78B	42.54B	42.3B	57.82B	59.52B	58.09B
Operating CF Margin %	-0.01%	0.03%	0.07%	0.05%	0.04%	0.06%	0.04%	0.06%	0.05%	0.05%
Operating CF Growth %	-2.78%	5.84%	1.83%	-0.16%	0.19%	0.72%	-0.01%	0.37%	0.03%	-0.02%
Net Income	-9.39B	-3.41B	-18.63M	-2.8B	11.89B	49.34B	-4.47B	9.69B	24.17B	44.66B
Depreciation & Amortization	2.62B	3.63B	4.19B	5.56B	5.83B	6.07B	6.23B	7.24B	8.29B	8.9B
Stock-Based Compensation	1.19B	2.34B	2.78B	3.66B	3.69B	4.16B	9.13B	7.55B	4.8B	3B
Deferred Taxes	-42.58M	-34.78M	-221.01M	-10.45M	533.12M	-718.93M	-651M	-549M	869M	-1.14B
Other Non-Cash Items	6.98B	3.23B	-682.63M	2.12B	-4.93B	-34.98B	12.54B	11.66B	5.51B	-2.47B
Working Capital Changes	-3.17B	3.01B	18.77B	12.36B	7.77B	18.68B	19.52B	22.23B	15.88B	5.15B
Change in Receivables	-7.4B	-9.7B	-545.99M	4.29B	3.94B	-412.13M	-5.63B	-7.2B	-1.06B	-5.07B
Change in Inventory	-8.35B	-8.37B	-12.79B	-2.34B	-13.92B	799.36M	-16.7B	-2.28B	10.97B	-20.15B
Change in Payables	13.11B	13.69B	26.11B	5.47B	10.39B	11.09B	32.59B	17.66B	4.61B	27.84B
Cash from Investing+	-2.28B	-48.27B	-37.5B	-26.08B	-25.35B	-57.81B	-74.25B	-54.03B	-59.54B	-871M
Capital Expenditures	-5.3B	-4.46B	-11.36B	-21.37B	-3.51B	-7.67B	-18.57B	-21.98B	-20.5B	-13.2B
CapEx % of Revenue	0.03%	0.02%	0.03%	0.05%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.51B	-13.12B	-23.1B	8.81B	7.35B	-2.38B	-219.07M	-434M	4.98B	-1.77B
Cash from Financing+	4.7B	40.7B	19.23B	11.22B	2.57B	71.07B	19.5B	1.18B	-5.81B	-21B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-13.09B	-6.74B	-8.26B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.09B	31.76B	15.28B	1.03B	6.76B	34.81B	26.87B	4.25B	317M	-1.2B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-7.11B	4.31B	13.47B	-488.07M	21.27B	34.87B	23.74B	35.84B	39.51B	44.28B
FCF Margin %	-0.04%	0.02%	0.04%	-0%	0.04%	0.05%	0.02%	0.03%	0.04%	0.04%
FCF Growth %	-2.77%	1.61%	2.13%	-1.04%	44.57%	0.64%	-0.32%	0.51%	0.1%	0.12%
FCF per Share	-5.20	3.07	9.25	-0.34	14.33	22.43	15.28	22.53	24.92	28.79
FCF Conversion (FCF/Net Income)	0.23x	-4.38x	192.77x	-8.38x	2.03x	0.86x	-11.88x	5.57x	2.46x	1.40x
Interest Paid	56.51M	515.23M	577.31M	421.04M	679M	1.02B	1.22B	2.39B	2.81B	2.77B
Taxes Paid	21.27M	110.5M	240.9M	666.3M	808M	1.19B	2.54B	2.56B	5.46B	8.81B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.68%	-5.56%	0.28%	-3.86%	26.7%	41.86%	-1.52%	3.99%	8.47%	13.57%
Return on Invested Capital (ROIC)	-23.26%	-4.64%	-1.25%	-3.65%	19.71%	10.37%	1.65%	6.29%	7.06%	9.89%
Gross Margin	13.39%	15.16%	14.02%	14.28%	14.63%	14.63%	13.56%	14.06%	14.72%	9.79%
Net Margin	-4.26%	-0.77%	0.04%	-0.54%	2.11%	6.62%	-0.37%	0.99%	2.23%	3.57%
Debt / Equity	0.21x	0.69x	0.45x	0.19x	0.19x	0.14x	0.14x	0.24x	0.23x	0.29x
Interest Coverage	-88.98x	-3.47x	-0.87x	-3.06x	12.41x	10.97x	3.41x	9.37x	9.03x	13.38x
FCF Conversion	0.23x	-4.38x	192.77x	-8.38x	2.03x	0.86x	-11.88x	5.57x	2.46x	1.40x
Revenue Growth	57.64%	43.49%	39.29%	27.51%	24.86%	29.28%	27.59%	9.95%	3.67%	6.84%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Electronics And Home Appliance Products	134.35B	179.64B	236.27B	280.06B	328.7B	400.93B	492.59B	515.95B	538.8B	564.98B
Electronics And Home Appliance Products Growth	-	33.71%	31.53%	18.53%	17.37%	21.97%	22.86%	4.74%	4.43%	4.86%
General Merchandise Products	33.37B	58.07B	95.56B	136.05B	182.03B	250.95B	323.06B	349.12B	332.43B	363.02B
General Merchandise Products Growth	-	73.98%	64.57%	42.38%	33.80%	37.86%	28.74%	8.06%	-4.78%	9.21%
Logistics And Other Services	-	-	-	-	23.47B	40.45B	63.82B	99.2B	128.71B	140.7B
Logistics And Other Services Growth	-	-	-	-	-	72.32%	57.77%	55.45%	29.74%	9.31%
online marketplace and marketing services	-	-	-	-	42.68B	53.47B	72.12B	81.97B	84.73B	90.11B
online marketplace and marketing services Growth	-	-	-	-	-	25.29%	34.87%	13.66%	3.36%	6.36%

Frequently Asked Questions

Valuation & Price

JD.com, Inc. (JD) has a price-to-earnings (P/E) ratio of 1.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

JD.com, Inc. (JD) reported $1.30T in revenue for fiscal year 2024. This represents a 6071% increase from $21.13B in 2011.

JD.com, Inc. (JD) grew revenue by 6.8% over the past year. This is steady growth.

Yes, JD.com, Inc. (JD) is profitable, generating $32.20B in net income for fiscal year 2024 (3.6% net margin).

Dividend & Returns

Yes, JD.com, Inc. (JD) pays a dividend with a yield of 18.27%. This makes it attractive for income-focused investors.

JD.com, Inc. (JD) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.

JD.com, Inc. (JD) generated $9.10B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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JD.com, Inc. (JD) 10-Year Financial Performance & Capital Metrics

JD • • Industrial / General

Consumer CyclicalSpecialty RetailE-commerce MarketplacesRegional E-commerce Leaders

Revenue $1158.82B +6.8%
EBITDA $46.52B +35.6%
Net Income $41.36B +71.1%
EPS (Diluted) 26.90 +76.5%
Gross Margin 9.79% -33.5%
EBITDA Margin 4.01% +26.9%
Operating Margin 3.34% +39.3%
Net Margin 3.57% +60.2%
ROE 13.57% +60.1%
ROIC 9.89% +40.1%
Debt/Equity 0.29 +24.1%
Interest Coverage 13.38 +48.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 27.7%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.0%
✓Share count reduced 3.0% through buybacks
✓Trading at only 0.1x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y25.99%

5Y14.97%

3Y6.79%

TTM16.63%

Profit (Net Income) CAGR

10Y-

5Y27.69%

3Y-

TTM-7.73%

EPS CAGR

10Y-

5Y26.76%

3Y-

TTM-6.37%

ROCE

10Y Avg2.52%

5Y Avg7.02%

3Y Avg8.07%

Latest10.17%

Peer Comparison

Regional E-commerce Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CPNGCoupang, Inc.	35.46B	21.25	252.08	24.14%	1.16%	8.23%	2.84%	0.91
MELIMercadoLibre, Inc.	106.41B	2098.85	55.69	37.53%	7.93%	33.4%	6.63%	1.58
BABAAlibaba Group Holding Limited	408.07B	170.93	3.19	5.86%	12.19%	11.1%	19%	0.23
JDJD.com, Inc.	41.73B	29.41	1.09	6.84%	2.47%	10.58%	100%	0.29
HEPSD-Market Elektronik Hizmetler ve Ticaret A.S.	795.08M	2.78	-0.56	60.43%	-4.38%	-362.8%		0.67
JMIAJumia Technologies AG	1.57B	12.78	-7.89	-10.15%	-40.86%	-202.57%		0.13

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	181.29B	260.12B	362.33B	462.02B	576.89B	745.8B	951.59B	1.05T	1.08T	1.16T
Revenue Growth %	0.58%	0.43%	0.39%	0.28%	0.25%	0.29%	0.28%	0.1%	0.04%	0.07%
Cost of Goods Sold+	157.01B	220.7B	311.52B	396.07B	492.47B	636.69B	822.53B	899.16B	924.96B	1.05T
COGS % of Revenue	0.87%	0.85%	0.86%	0.86%	0.85%	0.85%	0.86%	0.86%	0.85%	0.9%
Gross Profit+	24.28B	39.42B	50.81B	65.95B	84.42B	109.11B	129.07B	147.07B	159.7B	113.44B
Gross Margin %	0.13%	0.15%	0.14%	0.14%	0.15%	0.15%	0.14%	0.14%	0.15%	0.1%
Gross Profit Growth %	0.82%	0.62%	0.29%	0.3%	0.28%	0.29%	0.18%	0.14%	0.09%	-0.29%
Operating Expenses+	27.99B	41.57B	51.65B	68.55B	75.43B	96.77B	124.92B	127.35B	133.68B	74.71B
OpEx % of Revenue	0.15%	0.16%	0.14%	0.15%	0.13%	0.13%	0.13%	0.12%	0.12%	0.06%
Selling, General & Admin	24.53B	36.19B	45B	56.41B	27.72B	33.56B	50.3B	48.83B	49.84B	56.84B
SG&A % of Revenue	0.14%	0.14%	0.12%	0.12%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Research & Development	3.45B	5.38B	6.65B	12.14B	14.62B	16.15B	16.33B	16.89B	16.39B	17.03B
R&D % of Revenue	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.01%
Other Operating Expenses	-140.6M	0	0	95.17M	33.08B	47.05B	58.29B	61.63B	67.44B	834M
Operating Income+	-6.46B	-2.14B	-835.48M	-2.62B	8.99B	12.34B	4.14B	19.72B	26.02B	38.74B
Operating Margin %	-0.04%	-0.01%	-0%	-0.01%	0.02%	0.02%	0%	0.02%	0.02%	0.03%
Operating Income Growth %	-0.11%	0.67%	0.61%	-2.13%	4.43%	0.37%	-0.66%	3.76%	0.32%	0.49%
EBITDA+	-3.84B	1.23B	3.27B	2.94B	14.82B	18.41B	10.37B	26.96B	34.32B	46.52B
EBITDA Margin %	-0.02%	0%	0.01%	0.01%	0.03%	0.02%	0.01%	0.03%	0.03%	0.04%
EBITDA Growth %	0.08%	1.32%	1.67%	-0.1%	4.04%	0.24%	-0.44%	1.6%	0.27%	0.36%
D&A (Non-Cash Add-back)	2.62B	3.37B	4.11B	5.56B	5.83B	6.07B	6.23B	7.24B	8.29B	7.79B
EBIT	-7.68B	-1.26B	1.08B	-1.52B	14.42B	51.94B	-1.37B	15.97B	34.53B	39.57B
Net Interest Income+	600.41M	608.28M	1.57B	1.26B	1.06B	1.63B	3B	3.64B	6.7B	6.46B
Interest Income	673.01M	1.23B	2.53B	2.12B	1.79B	2.75B	4.21B	5.74B	9.58B	9.35B
Interest Expense	72.59M	618.57M	963.74M	854.54M	725.01M	1.13B	1.21B	2.11B	2.88B	2.9B
Other Income/Expense	-2.4B	-630.25M	956.44M	245.45M	4.7B	38.48B	-6.72B	-5.86B	5.63B	12.8B
Pretax Income+	-7.76B	-1.88B	120.96M	-2.37B	13.69B	50.82B	-2.58B	13.87B	31.65B	51.54B
Pretax Margin %	-0.04%	-0.01%	0%	-0.01%	0.02%	0.07%	-0%	0.01%	0.03%	0.04%
Income Tax+	-14.65M	166.39M	139.59M	426.87M	1.8B	1.48B	1.89B	4.18B	8.39B	6.88B
Effective Tax Rate %	1%	1.06%	1.06%	1.05%	0.89%	0.97%	1.38%	0.75%	0.76%	0.8%
Net Income+	-7.73B	-2B	128.76M	-2.49B	12.18B	49.41B	-3.56B	10.38B	24.17B	41.36B
Net Margin %	-0.04%	-0.01%	0%	-0.01%	0.02%	0.07%	-0%	0.01%	0.02%	0.04%
Net Income Growth %	0.4%	0.74%	1.06%	-20.35%	5.89%	3.05%	-1.07%	3.92%	1.33%	0.71%
Net Income (Continuing)	-7.74B	-2.05B	-18.63M	-2.8B	11.89B	49.34B	-4.47B	9.69B	23.26B	44.66B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	137.83M	7.33B	347.89M	17.06B	2.69B	34.08B	37.87B	60.76B	64.52B	73.95B
EPS (Diluted)+	-5.66	-2.40	0.08	-1.74	8.22	31.78	-2.30	6.42	15.24	26.90
EPS Growth %	-0.37%	0.58%	1.03%	-22.75%	5.72%	2.87%	-1.07%	3.79%	1.37%	0.77%
EPS (Basic)	-5.66	-2.40	0.10	-1.74	8.36	32.70	-2.30	6.64	15.38	27.66
Diluted Shares Outstanding	1.37B	1.4B	1.46B	1.44B	1.48B	1.55B	1.55B	1.59B	1.59B	1.54B
Basic Shares Outstanding	1.37B	1.4B	1.42B	1.44B	1.46B	1.51B	1.55B	1.56B	1.57B	1.54B
Dividend Payout Ratio	-	-	-	-	-	-	-	1.26%	0.28%	0.2%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	58.47B	106.93B	115.03B	104.86B	19.97B	234.8B	299.67B	351.07B	307.81B	386.7B
Cash & Short-Term Investments	20.64B	26.95B	34.28B	36.3B	9.26B	146.66B	185.33B	219.96B	190.15B	234B
Cash Only	17.86B	19.77B	25.69B	34.26B	5.73B	86.08B	70.77B	78.86B	71.89B	108.35B
Short-Term Investments	2.78B	7.17B	8.59B	2.04B	3.53B	60.58B	114.56B	141.09B	118.25B	125.64B
Accounts Receivable	8.68B	17.46B	32.29B	14.25B	1.72B	13.78B	17.4B	26.72B	22.42B	30.4B
Days Sales Outstanding	17.47	24.51	32.53	11.25	1.09	6.74	6.67	9.32	7.54	9.58
Inventory	20.54B	28.91B	41.7B	44.03B	8.4B	58.93B	75.6B	77.95B	68.06B	89.33B
Days Inventory Outstanding	47.75	47.81	48.86	40.58	6.23	33.78	33.55	31.64	26.86	31.19
Other Current Assets	3.6B	26.42B	6.37B	7.09B	585.45M	11.66B	17.38B	22.61B	24.44B	25.36B
Total Non-Current Assets+	26.7B	53.44B	69.03B	104.31B	17.32B	187.49B	196.84B	244.18B	321.15B	311.54B
Property, Plant & Equipment	7.5B	9.39B	15.77B	27.64B	5.04B	45.99B	58.75B	88.51B	100.82B	113.43B
Fixed Asset Turnover	24.17x	27.70x	22.98x	16.72x	114.47x	16.22x	16.20x	11.82x	10.76x	10.22x
Goodwill	29.05M	6.54B	6.65B	6.64B	953.77M	10.9B	12.43B	23.12B	19.98B	25.71B
Intangible Assets	7.19B	10.9B	13.74B	15.49B	590.04M	17.59B	20.16B	42.99B	46.5B	44.63B
Long-Term Investments	9.87B	15.24B	28.58B	47.26B	8.18B	97.59B	82.31B	69.25B	137.59B	116.22B
Other Non-Current Assets	2.11B	3.32B	4.12B	7.18B	2.54B	14.89B	22.07B	18.77B	14.52B	9.09B
Total Assets+	85.17B	160.37B	184.05B	209.16B	37.29B	422.29B	496.51B	595.25B	628.96B	698.23B
Asset Turnover	2.13x	1.62x	1.97x	2.21x	15.47x	1.77x	1.92x	1.76x	1.72x	1.66x
Asset Growth %	0.28%	0.88%	0.15%	0.14%	-0.82%	10.33%	0.18%	0.2%	0.06%	0.11%
Total Current Liabilities+	49.03B	104.74B	118.25B	120.86B	20.1B	174.02B	221.64B	266.56B	265.65B	299.52B
Accounts Payable	29.82B	46.04B	74.34B	79.99B	12.98B	106.82B	140.48B	160.61B	166.17B	158.51B
Days Payables Outstanding	69.32	76.14	87.1	73.71	9.62	61.24	62.34	65.2	65.57	55.35
Short-Term Debt	3.62B	17.72B	12.88B	4.54B	516.37M	3.26B	4.37B	12.15B	5.03B	7.58B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.05B	25.28B	10.82B	14.66B	2.8B	19.18B	21.46B	23.77B	26.21B	79.83B
Current Ratio	1.19x	1.02x	0.97x	0.87x	0.99x	1.35x	1.35x	1.32x	1.16x	1.29x
Quick Ratio	0.77x	0.74x	0.62x	0.50x	0.58x	1.01x	1.01x	1.02x	0.90x	0.99x
Cash Conversion Cycle	-4.1	-3.82	-5.71	-21.88	-2.31	-20.71	-22.12	-24.23	-31.17	-14.58
Total Non-Current Liabilities+	5.46B	14.41B	13.42B	11.47B	2.74B	26.65B	28.09B	54.57B	66.93B	85.42B
Long-Term Debt	2.75B	10.91B	10.92B	9.87B	1.44B	12.53B	9.39B	30.23B	41.97B	56.48B
Capital Lease Obligations	0	0	0	0	792.91M	10.25B	13.72B	14.98B	13.68B	18.11B
Deferred Tax Liabilities	1.23M	907.36M	882.25M	828.47M	192.23M	1.92B	1.9B	6.51B	9.27B	0
Other Non-Current Liabilities	147.59M	440.67M	2.49B	308.49M	32.43M	332M	1.79B	1.74B	1.05B	10.84B
Total Liabilities	54.49B	119.15B	131.67B	132.34B	22.84B	200.67B	249.72B	321.13B	332.58B	384.94B
Total Debt+	6.37B	28.63B	23.81B	14.42B	2.75B	31.55B	34.14B	65.05B	68.43B	89.77B
Net Debt	-11.49B	8.86B	-1.88B	-19.84B	-2.98B	-54.53B	-36.63B	-13.82B	-3.46B	-18.58B
Debt / Equity	0.21x	0.69x	0.45x	0.19x	0.19x	0.14x	0.14x	0.24x	0.23x	0.29x
Debt / EBITDA	-	23.34x	7.27x	4.90x	0.19x	1.71x	3.29x	2.41x	1.99x	1.93x
Net Debt / EBITDA	-	7.22x	-0.57x	-6.75x	-0.20x	-2.96x	-3.53x	-0.51x	-0.10x	-0.40x
Interest Coverage	-88.98x	-3.47x	-0.87x	-3.06x	12.41x	10.97x	3.41x	9.37x	9.03x	13.38x
Total Equity+	30.68B	41.22B	52.39B	76.83B	14.45B	221.62B	246.78B	274.12B	296.38B	313.3B
Equity Growth %	-0.18%	0.34%	0.27%	0.47%	-0.81%	14.34%	0.11%	0.11%	0.08%	0.06%
Book Value per Share	22.43	29.39	35.99	53.39	9.74	142.56	158.83	172.36	186.96	203.70
Total Shareholders' Equity	30.54B	33.89B	52.04B	59.77B	11.75B	187.54B	208.91B	213.37B	231.86B	239.35B
Common Stock	358K	377K	377K	380K	54.7K	0	0	0	0	0
Retained Earnings	-18.69B	-21.86B	-22.23B	-24.04B	-1.71B	37.42B	33.8B	29.3B	44.05B	83.26B
Treasury Stock	-3K	-5.18B	-4.46B	-3.78B	0	-1.22B	-2.97B	-2.49B	-3.41B	-27.74B
Accumulated OCI	838.04M	1.68B	2.48B	4.76B	443.91M	-2.02B	-4.5B	2.51B	7.01B	1.42B
Minority Interest	137.83M	7.33B	347.89M	17.06B	2.69B	34.08B	37.87B	60.76B	64.52B	73.95B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.81B	8.77B	24.82B	20.88B	24.78B	42.54B	42.3B	57.82B	59.52B	58.09B
Operating CF Margin %	-0.01%	0.03%	0.07%	0.05%	0.04%	0.06%	0.04%	0.06%	0.05%	0.05%
Operating CF Growth %	-2.78%	5.84%	1.83%	-0.16%	0.19%	0.72%	-0.01%	0.37%	0.03%	-0.02%
Net Income	-9.39B	-3.41B	-18.63M	-2.8B	11.89B	49.34B	-4.47B	9.69B	24.17B	44.66B
Depreciation & Amortization	2.62B	3.63B	4.19B	5.56B	5.83B	6.07B	6.23B	7.24B	8.29B	8.9B
Stock-Based Compensation	1.19B	2.34B	2.78B	3.66B	3.69B	4.16B	9.13B	7.55B	4.8B	3B
Deferred Taxes	-42.58M	-34.78M	-221.01M	-10.45M	533.12M	-718.93M	-651M	-549M	869M	-1.14B
Other Non-Cash Items	6.98B	3.23B	-682.63M	2.12B	-4.93B	-34.98B	12.54B	11.66B	5.51B	-2.47B
Working Capital Changes	-3.17B	3.01B	18.77B	12.36B	7.77B	18.68B	19.52B	22.23B	15.88B	5.15B
Change in Receivables	-7.4B	-9.7B	-545.99M	4.29B	3.94B	-412.13M	-5.63B	-7.2B	-1.06B	-5.07B
Change in Inventory	-8.35B	-8.37B	-12.79B	-2.34B	-13.92B	799.36M	-16.7B	-2.28B	10.97B	-20.15B
Change in Payables	13.11B	13.69B	26.11B	5.47B	10.39B	11.09B	32.59B	17.66B	4.61B	27.84B
Cash from Investing+	-2.28B	-48.27B	-37.5B	-26.08B	-25.35B	-57.81B	-74.25B	-54.03B	-59.54B	-871M
Capital Expenditures	-5.3B	-4.46B	-11.36B	-21.37B	-3.51B	-7.67B	-18.57B	-21.98B	-20.5B	-13.2B
CapEx % of Revenue	0.03%	0.02%	0.03%	0.05%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.51B	-13.12B	-23.1B	8.81B	7.35B	-2.38B	-219.07M	-434M	4.98B	-1.77B
Cash from Financing+	4.7B	40.7B	19.23B	11.22B	2.57B	71.07B	19.5B	1.18B	-5.81B	-21B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-13.09B	-6.74B	-8.26B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.09B	31.76B	15.28B	1.03B	6.76B	34.81B	26.87B	4.25B	317M	-1.2B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-7.11B	4.31B	13.47B	-488.07M	21.27B	34.87B	23.74B	35.84B	39.51B	44.28B
FCF Margin %	-0.04%	0.02%	0.04%	-0%	0.04%	0.05%	0.02%	0.03%	0.04%	0.04%
FCF Growth %	-2.77%	1.61%	2.13%	-1.04%	44.57%	0.64%	-0.32%	0.51%	0.1%	0.12%
FCF per Share	-5.20	3.07	9.25	-0.34	14.33	22.43	15.28	22.53	24.92	28.79
FCF Conversion (FCF/Net Income)	0.23x	-4.38x	192.77x	-8.38x	2.03x	0.86x	-11.88x	5.57x	2.46x	1.40x
Interest Paid	56.51M	515.23M	577.31M	421.04M	679M	1.02B	1.22B	2.39B	2.81B	2.77B
Taxes Paid	21.27M	110.5M	240.9M	666.3M	808M	1.19B	2.54B	2.56B	5.46B	8.81B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.68%	-5.56%	0.28%	-3.86%	26.7%	41.86%	-1.52%	3.99%	8.47%	13.57%
Return on Invested Capital (ROIC)	-23.26%	-4.64%	-1.25%	-3.65%	19.71%	10.37%	1.65%	6.29%	7.06%	9.89%
Gross Margin	13.39%	15.16%	14.02%	14.28%	14.63%	14.63%	13.56%	14.06%	14.72%	9.79%
Net Margin	-4.26%	-0.77%	0.04%	-0.54%	2.11%	6.62%	-0.37%	0.99%	2.23%	3.57%
Debt / Equity	0.21x	0.69x	0.45x	0.19x	0.19x	0.14x	0.14x	0.24x	0.23x	0.29x
Interest Coverage	-88.98x	-3.47x	-0.87x	-3.06x	12.41x	10.97x	3.41x	9.37x	9.03x	13.38x
FCF Conversion	0.23x	-4.38x	192.77x	-8.38x	2.03x	0.86x	-11.88x	5.57x	2.46x	1.40x
Revenue Growth	57.64%	43.49%	39.29%	27.51%	24.86%	29.28%	27.59%	9.95%	3.67%	6.84%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Electronics And Home Appliance Products	134.35B	179.64B	236.27B	280.06B	328.7B	400.93B	492.59B	515.95B	538.8B	564.98B
Electronics And Home Appliance Products Growth	-	33.71%	31.53%	18.53%	17.37%	21.97%	22.86%	4.74%	4.43%	4.86%
General Merchandise Products	33.37B	58.07B	95.56B	136.05B	182.03B	250.95B	323.06B	349.12B	332.43B	363.02B
General Merchandise Products Growth	-	73.98%	64.57%	42.38%	33.80%	37.86%	28.74%	8.06%	-4.78%	9.21%
Logistics And Other Services	-	-	-	-	23.47B	40.45B	63.82B	99.2B	128.71B	140.7B
Logistics And Other Services Growth	-	-	-	-	-	72.32%	57.77%	55.45%	29.74%	9.31%
online marketplace and marketing services	-	-	-	-	42.68B	53.47B	72.12B	81.97B	84.73B	90.11B
online marketplace and marketing services Growth	-	-	-	-	-	25.29%	34.87%	13.66%	3.36%	6.36%

Frequently Asked Questions

Valuation & Price

JD.com, Inc. (JD) has a price-to-earnings (P/E) ratio of 1.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

JD.com, Inc. (JD) reported $1.30T in revenue for fiscal year 2024. This represents a 6071% increase from $21.13B in 2011.

JD.com, Inc. (JD) grew revenue by 6.8% over the past year. This is steady growth.

Yes, JD.com, Inc. (JD) is profitable, generating $32.20B in net income for fiscal year 2024 (3.6% net margin).

Dividend & Returns

Yes, JD.com, Inc. (JD) pays a dividend with a yield of 18.27%. This makes it attractive for income-focused investors.

JD.com, Inc. (JD) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.

JD.com, Inc. (JD) generated $9.10B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.