PDD Holdings Inc.(PDD)Earnings, Financials & Key Ratios
PDD•NASDAQ
$102.31
$151.33B mkt cap·9.2× P/E·Price updated May 6, 2026
AboutPDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.Show more
- Revenue$393.84B+59.0%
- EBITDA$109.13B+83.5%
- Net Income$112.43B+87.3%
- EPS (Diluted)76.00+84.8%
- Gross Margin60.92%-3.2%
- EBITDA Margin27.71%+15.4%
- Operating Margin27.53%+16.1%
- Net Margin28.55%+17.8%
- ROE44.92%+14.1%
- ROIC40.28%+8.9%
- Debt/Equity0.03-37.6%
PDD Key Insights
PDD Holdings Inc. (PDD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Excellent 3Y average ROE of 39.0%
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 30.7% free cash flow margin
- ✓Strong 5Y sales CAGR of 67.2%
- ✓Healthy 5Y average net margin of 14.6%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PDD Price & Volume
PDD Holdings Inc. (PDD) stock price & volume — 10-year historical chart
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PDD Growth Metrics
PDD Holdings Inc. (PDD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years67.2%
3 Years61.24%
TTM12.48%
Profit CAGR
10 Years-
5 Years-
3 Years143.7%
TTM-5.54%
EPS CAGR
10 Years-
5 Years-
3 Years140.85%
TTM-5.95%
Return on Capital
10 Years-22.19%
5 Years19.91%
3 Years36.29%
Last Year42.37%
PDD Recent Earnings
PDD Holdings Inc. (PDD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Mar 25, 2026EPS
$2.53
Est $2.98
-15.1%
Revenue
$17.7B
Est $17.8B
-0.5%
Q4 2025
Nov 18, 2025EPS
$2.96
Est $2.21
+33.9%
Revenue
$15.2B
Est $17.6B
-13.5%
Q3 2025
Aug 25, 2025EPS
$3.08
Est $1.91
+61.3%
Revenue
$14.5B
Est $15.1B
-3.9%
Q2 2025
May 27, 2025EPS
$1.56
Est $2.49
-37.3%
Revenue
$13.1B
Est $14.3B
-8.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 25, 2026 | $2.53vs $2.98-15.1% | $17.7Bvs $17.8B-0.5% |
| Q4 2025 | Nov 18, 2025 | $2.96vs $2.21+33.9% | $15.2Bvs $17.6B-13.5% |
| Q3 2025 | Aug 25, 2025 | $3.08vs $1.91+61.3% | $14.5Bvs $15.1B-3.9% |
| Q2 2025 | May 27, 2025 | $1.56vs $2.49-37.3% | $13.1Bvs $14.3B-8.1% |
Based on last 12 quarters of dataView full earnings history →
PDD Peer Comparison
PDD Holdings Inc. (PDD) competitors in General Online Marketplaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BABA | 341.64B | 141.48 | 17.99 | 5.86% | 12.19% | 11.24% | 0.23 | |
 JD | 47.2B | 30.69 | 7.78 | 6.84% | 2.47% | 10.53% | 0.29 | |
 VIPS | 7.94B | 14.73 | 7.00 | -3.93% | 6.53% | 16.84% | 0.08 | |
 SE | 54.44B | 90.02 | 123.32 | 28.75% | 6.78% | 15.16% | 0.49 | |
 MELI | 93.34B | 1841.14 | 46.74 | 39.06% | 6.91% | 33.73% | 1.69 | |
 CPNG | 32.32B | 17.89 | 162.64 | 14.09% | -0.58% | -3.67% | 1.00 | |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.37 | |
 EBAY | 49.42B | 108.15 | 24.92 | 7.95% | 17.58% | 44.12% | 1.60 |
Compare PDD vs Peers
PDD Holdings Inc. (PDD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PDD Income Statement
PDD Holdings Inc. (PDD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 504.86M | 1.74B | 13.12B | 30.14B | 59.49B | 93.95B | 130.56B | 247.64B | 393.84B | 418.54B |
| Revenue Growth % | - | 245.45% | 652.26% | 129.74% | 97.37% | 57.92% | 38.97% | 89.68% | 59.04% | 12.48% |
| Cost of Goods Sold | 577.87M | 722.83M | 2.91B | 6.34B | 19.28B | 31.72B | 31.46B | 91.72B | 153.9B | 181.44B |
| COGS % of Revenue | 114.46% | 41.44% | 22.14% | 21.03% | 32.41% | 33.76% | 24.1% | 37.04% | 39.08% | - |
| Gross Profit | -73.01M▲ 0% | 1.02B▲ 1498.9% | 10.21B▲ 900.2% | 23.8B▲ 133.0% | 40.21B▲ 68.9% | 62.23B▲ 54.8% | 99.1B▲ 59.2% | 155.92B▲ 57.3% | 239.94B▲ 53.9% | 237.1B▲ 0% |
| Gross Margin % | -14.46% | 58.56% | 77.86% | 78.97% | 67.59% | 66.24% | 75.9% | 62.96% | 60.92% | 56.65% |
| Gross Profit Growth % | - | 1498.85% | 900.22% | 133.03% | 68.94% | 54.75% | 59.24% | 57.34% | 53.89% | - |
| Operating Expenses | 213.2M | 1.62B | 21.01B | 32.34B | 49.59B | 55.34B | 68.69B | 97.22B | 131.51B | 144.6B |
| OpEx % of Revenue | 42.23% | 92.71% | 160.17% | 107.3% | 83.36% | 58.9% | 52.62% | 39.26% | 33.39% | - |
| Selling, General & Admin | 183.78M | 1.48B | 19.9B | 28.47B | 42.7B | 46.34B | 58.31B | 86.26B | 118.85B | 129.32B |
| SG&A % of Revenue | 36.4% | 84.73% | 151.66% | 94.46% | 71.78% | 49.33% | 44.66% | 34.83% | 30.18% | - |
| Research & Development | 29.42M | 129.18M | 1.12B | 3.87B | 6.89B | 8.99B | 10.38B | 10.95B | 12.66B | 15.28B |
| R&D % of Revenue | 5.83% | 7.41% | 8.51% | 12.84% | 11.58% | 9.57% | 7.95% | 4.42% | 3.21% | - |
| Other Operating Expenses | 0 | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -286.21M▲ 0% | -595.72M▼ 108.1% | -10.8B▼ 1712.9% | -8.54B▲ 20.9% | -9.38B▼ 9.9% | 6.9B▲ 173.5% | 30.4B▲ 340.8% | 58.7B▲ 93.1% | 108.42B▲ 84.7% | 92.5B▲ 0% |
| Operating Margin % | -56.69% | -34.16% | -82.32% | -28.33% | -15.77% | 7.34% | 23.29% | 23.7% | 27.53% | 22.1% |
| Operating Income Growth % | - | -108.14% | -1712.88% | 20.94% | -9.86% | 173.52% | 340.81% | 93.08% | 84.71% | - |
| EBITDA | -285.45M | -593.46M | -10.3B | -7.9B | -8.73B | 8.39B | 32.63B | 59.48B | 109.13B | 93.03B |
| EBITDA Margin % | -56.54% | -34.03% | -78.53% | -26.21% | -14.67% | 8.93% | 24.99% | 24.02% | 27.71% | 22.23% |
| EBITDA Growth % | - | -107.9% | -1636.05% | 23.32% | -10.49% | 196.14% | 288.77% | 82.32% | 83.46% | -12.25% |
| D&A (Non-Cash Add-back) | 756K | 2.27M | 497M | 637.83M | 651.52M | 1.5B | 2.22B | 786.24M | 708.76M | 531.57M |
| EBIT | -286.21M | -585.72M | -4.85B | -8.54B | -9.38B | 6.9B | 30.4B | 58.7B | 108.42B | 102.24B |
| Net Interest Income | 4.46M | 80.78M | 584.94M | 1.4B | 1.7B | 1.83B | 3.95B | 10.19B | 20.55B | 24.44B |
| Interest Income | 4.46M | 80.78M | 584.94M | 1.54B | 2.46B | 3.06B | 4B | 10.24B | 20.55B | 24.44B |
| Interest Expense | 0 | 0 | 0 | 145.86M | 757.34M | 1.23B | 51.66M | 43.99M | 0 | 0 |
| Other Income/Expense | -5.77M | 70.61M | 582.62M | 1.57B | 2.2B | 2.81B | 5.86B | 13.18B | 24.28B | 28.11B |
| Pretax Income | -291.98M▲ 0% | -525.12M▼ 79.8% | -10.22B▼ 1845.7% | -6.97B▲ 31.8% | -7.18B▼ 3.0% | 9.7B▲ 235.1% | 36.26B▲ 273.8% | 71.88B▲ 98.2% | 132.7B▲ 84.6% | 120.6B▲ 0% |
| Pretax Margin % | -57.83% | -30.11% | -77.87% | -23.12% | -12.07% | 10.33% | 27.78% | 29.02% | 33.69% | 28.81% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 1.93B | 4.73B | 11.85B | 20.27B | 18.33B |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 19.93% | 13.03% | 16.49% | 15.27% | 15.2% |
| Net Income | -291.98M▲ 0% | -525.12M▼ 79.8% | -10.22B▼ 1845.7% | -6.97B▲ 31.8% | -7.18B▼ 3.0% | 7.77B▲ 208.2% | 31.54B▲ 306.0% | 60.03B▲ 90.3% | 112.43B▲ 87.3% | 102.27B▲ 0% |
| Net Margin % | -57.83% | -30.11% | -77.87% | -23.12% | -12.07% | 8.27% | 24.16% | 24.24% | 28.55% | 24.43% |
| Net Income Growth % | - | -79.85% | -1845.69% | 31.8% | -3.04% | 208.2% | 305.96% | 90.33% | 87.31% | -5.54% |
| Net Income (Continuing) | -291.98M | -525.12M | -10.22B | -6.97B | -7.18B | 7.77B | 31.54B | 60.03B | 112.43B | 102.27B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.34▲ 0% | -0.60▼ 76.5% | -13.88▼ 2213.3% | -6.04▲ 56.5% | -6.04▲ 0.0% | 5.44▲ 190.1% | 21.92▲ 302.9% | 41.12▲ 87.6% | 76.00▲ 84.8% | 68.71▲ 0% |
| EPS Growth % | - | -76.47% | -2213.33% | 56.48% | 0% | 190.07% | 302.94% | 87.59% | 84.82% | -5.95% |
| EPS (Basic) | -0.34 | -0.60 | -13.88 | -6.04 | -6.04 | 6.20 | 24.96 | 44.32 | 81.24 | - |
| Diluted Shares Outstanding | 860.58M | 860.58M | 742.08M | 1.16B | 1.19B | 1.43B | 1.44B | 1.46B | 1.48B | 1.49B |
| Basic Shares Outstanding | 860.58M | 860.58M | 741.9M | 1.15B | 1.19B | 1.25B | 1.26B | 1.35B | 1.38B | 1.4B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
PDD Balance Sheet
PDD Holdings Inc. (PDD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.75B | 13.14B | 40.39B | 73B | 149.52B | 160.91B | 216.62B | 294.75B | 415.65B | 516.36B |
| Cash & Short-Term Investments | 1.61B | 3.11B | 21.79B | 41.06B | 86.97B | 92.94B | 149.44B | 217.21B | 331.56B | 423.77B |
| Cash Only | 1.32B | 3.06B | 14.16B | 5.77B | 22.42B | 6.43B | 34.33B | 59.79B | 57.77B | 92.39B |
| Short-Term Investments | 290M | 50M | 7.63B | 35.29B | 64.55B | 86.52B | 115.11B | 157.42B | 273.79B | 331.38B |
| Accounts Receivable | 10.28M | 530.84M | 1.27B | 2.96B | 3.91B | 3.48B | 3.35B | 7.43B | 12.15B | 15.15B |
| Days Sales Outstanding | 7.43 | 111.09 | 35.24 | 35.8 | 23.97 | 13.51 | 9.37 | 10.95 | 11.26 | 10.07 |
| Inventory | 0 | 0 | 0 | 0 | 1.72B | 14.2M | 0 | -119.45M | 1.6B | 0 |
| Days Inventory Outstanding | - | - | - | - | 32.53 | 0.16 | - | - | 3.79 | 0.8 |
| Other Current Assets | 133.38M | 9.5B | 17.33B | 28.99B | 56.93B | 64.47B | 62.86B | 68.78B | 68.43B | 77.44B |
| Total Non-Current Assets | 17.25M | 176.64M | 2.79B | 3.06B | 9.38B | 20.3B | 20.5B | 53.33B | 89.39B | 97.36B |
| Property, Plant & Equipment | 2.25M | 9.28M | 29.07M | 558.46M | 832.68M | 3.14B | 2.46B | 5.08B | 5.94B | 6.21B |
| Fixed Asset Turnover | 224.58x | 187.96x | 451.25x | 53.97x | 71.45x | 29.90x | 53.05x | 48.70x | 66.26x | 86.18x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 2.58B | 1.99B | 1.28B | 701.22M | 134M | 21.15M | 19.17M | 16.34M |
| Long-Term Investments | 15M | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 162.36M | 182.67M | 503.12M | 7.28B | 16.43B | 16.86B | 48.22B | 83.41B | 340.28B |
| Total Assets | 1.77B▲ 0% | 13.31B▲ 651.9% | 43.18B▲ 224.3% | 76.06B▲ 76.1% | 158.91B▲ 108.9% | 181.21B▲ 14.0% | 237.12B▲ 30.9% | 348.08B▲ 46.8% | 505.03B▲ 45.1% | 613.72B▲ 0% |
| Asset Turnover | 0.29x | 0.13x | 0.30x | 0.40x | 0.37x | 0.52x | 0.55x | 0.71x | 0.78x | 0.76x |
| Asset Growth % | - | 651.91% | 224.32% | 76.13% | 108.93% | 14.03% | 30.85% | 46.79% | 45.09% | 148.04% |
| Total Current Liabilities | 1.41B | 12.11B | 24.36B | 45.77B | 83.88B | 93.73B | 116.89B | 152.9B | 188.42B | 219.22B |
| Accounts Payable | 1.13B | 9.84B | 17.28B | 30.23B | 54.97B | 64.46B | 67.3B | 91.9B | 119.94B | 100.58B |
| Days Payables Outstanding | 712.93 | 4.97K | 2.17K | 1.74K | 1.04K | 741.8 | 780.71 | 365.71 | 284.45 | 191.64 |
| Short-Term Debt | 0 | 0 | 0 | 898.75M | 1.87B | 0 | 13.89B | 648.57M | 5.31B | 5.25B |
| Deferred Revenue (Current) | 2.15M | 56.45M | 191.48M | 605.97M | 2.42B | 1.17B | 1.39B | 2.14B | 2.95B | 9.88B |
| Other Current Liabilities | 254.28M | 1.86B | 4.69B | 7.89B | 16.43B | 22.06B | 26.19B | 41.84B | 19.42B | 17.43B |
| Current Ratio | 1.24x | 1.08x | 1.66x | 1.60x | 1.78x | 1.72x | 1.85x | 1.93x | 2.21x | 2.21x |
| Quick Ratio | 1.24x | 1.08x | 1.66x | 1.60x | 1.76x | 1.72x | 1.85x | 1.93x | 2.20x | 2.20x |
| Cash Conversion Cycle | - | - | - | - | -984.26 | -728.13 | - | - | -269.39 | -180.77 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 5.64B | 14.85B | 12.37B | 2.46B | 7.94B | 3.3B | 3.1B |
| Long-Term Debt | 0 | 0 | 0 | 5.21B | 14.43B | 11.79B | 1.58B | 5.23B | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 428.59M | 414.94M | 544.26M | 870.78M | 2.64B | 3.19B | 13.12B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 31.29M | 13.03M | 59.83M | 106.77M | 401.99M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 7.39M | 2.92M | 996K | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.41B | 12.11B | 24.36B | 51.41B | 98.73B | 106.1B | 119.35B | 160.84B | 191.72B | 222.32B |
| Total Debt | 0 | 0 | 0 | 6.65B | 16.97B | 12.76B | 16.93B | 10.17B | 10.61B | 10.67B |
| Net Debt | -1.32B | -3.06B | -14.16B | 881.57M | -5.45B | 6.33B | -17.39B | -49.63B | -47.16B | -81.71B |
| Debt / Equity | - | - | - | 0.27x | 0.28x | 0.17x | 0.14x | 0.05x | 0.03x | 0.03x |
| Debt / EBITDA | - | - | - | - | - | 1.52x | 0.52x | 0.17x | 0.10x | 0.11x |
| Net Debt / EBITDA | - | - | - | - | - | 0.75x | -0.53x | -0.83x | -0.43x | -0.43x |
| Interest Coverage | - | - | - | -58.54x | -12.39x | 5.60x | 588.56x | 1334.46x | - | - |
| Total Equity | 356.45M▲ 0% | 1.2B▲ 238.0% | 18.82B▲ 1462.1% | 24.65B▲ 30.9% | 60.18B▲ 144.2% | 75.11B▲ 24.8% | 117.77B▲ 56.8% | 187.24B▲ 59.0% | 313.31B▲ 67.3% | 391.4B▲ 0% |
| Equity Growth % | - | 238.04% | 1462.09% | 30.94% | 144.15% | 24.82% | 56.79% | 58.99% | 67.33% | 201.1% |
| Book Value per Share | 0.41 | 1.40 | 25.36 | 21.31 | 50.48 | 52.58 | 81.77 | 128.26 | 211.82 | 262.96 |
| Total Shareholders' Equity | 356.45M | 1.2B | 18.82B | 24.65B | 60.18B | 75.11B | 117.77B | 187.24B | 313.31B | 391.4B |
| Common Stock | 56K | 54K | 142K | 148K | 159K | 161K | 170K | 177K | 180K | 181K |
| Retained Earnings | -472.44M | -1.03B | -11.33B | -18.3B | -25.48B | -17.71B | 15.19B | 75.12B | 187.66B | 262.24B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 24.58M | -23.1M | 1.04B | 1.45B | -1.05B | -2.52B | 3.33B | 4.83B | 7.82B | 5.14B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PDD Cash Flow Statement
PDD Holdings Inc. (PDD) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 879.78M | 315.48M | 7.77B | 14.82B | 28.2B | 28.78B | 7.03B | 94.16B | 121.93B | 121.93B |
| Operating CF Margin % | 174.26% | 18.09% | 59.21% | 49.17% | 47.4% | 30.64% | 5.39% | 38.02% | 30.96% | - |
| Operating CF Growth % | - | -64.14% | 2362.26% | 90.8% | 90.25% | 2.08% | -75.57% | 1238.87% | 29.49% | -30.93% |
| Net Income | -291.98M | -525.12M | -10.22B | -6.97B | -7.18B | 7.77B | 31.54B | 60.03B | 112.43B | 102.27B |
| Depreciation & Amortization | 756K | 2.27M | 497M | 637.83M | 800.47M | 1.84B | 2.74B | 1.89B | 2.64B | 0 |
| Stock-Based Compensation | 4.06M | 13.38M | 6.84B | 2.56B | 3.61B | 4.77B | 7.72B | 7.08B | 9.88B | 4.58B |
| Deferred Taxes | 0 | 10.06M | 13K | -22.1M | -374.65M | -213K | -1.03B | 801.1M | 222.18M | 0 |
| Other Non-Cash Items | 8.67M | -2.57M | -78.27M | 9.48M | 287.85M | 833.88M | -41.35B | -2.09B | -9.92B | 16.54B |
| Working Capital Changes | 1.16B | 817.46M | 10.72B | 18.61B | 31.05B | 13.56B | 7.42B | 26.46B | 6.66B | -11.02B |
| Change in Receivables | -8.32M | -77.89M | -159.41M | -803.39M | 321.43M | 55.81M | 86.04M | -3.33B | -92.3M | 48.81M |
| Change in Inventory | 177.71M | 1.49B | 3.31B | 6.93B | 4.98B | 6.08B | 0 | 0 | 0 | 0 |
| Change in Payables | 1.09B | 8.72B | 7.44B | 12.65B | 23.93B | 8.69B | 749.37M | 11.62B | 16.89B | 0 |
| Cash from Investing | -307.3M | 71.65M | -7.55B | -28.32B | -38.36B | -35.56B | -3.24B | -55.43B | -118.36B | -75.51B |
| Capital Expenditures | -2.3M | -8.92M | -27.33M | -27.44M | -43.05M | -3.29B | -635.72M | -583.88M | -967.14M | 0 |
| CapEx % of Revenue | 0.46% | 0.51% | 0.21% | 0.09% | 0.07% | 3.5% | 0.49% | 0.24% | 0.25% | - |
| Acquisitions | 0 | 362K | 39K | 475K | 51K | 394K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -159.79M | 124.79M | -424.63M | -238M | 445.04M | 19.12B | 130.24M | 35.69M | -75.51B |
| Cash from Financing | 486.54M | 1.4B | 17.34B | 15.85B | 51.8B | -1.88B | 10.08M | -8.96B | 1.16M | 1.4M |
| Debt Issued (Net) | 0 | 0 | 0 | 7.86B | 13.93B | -1.88B | 0 | -8.97B | -91K | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -18.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -32.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -7.05M | -15.37M | 0 | 0 | -6K | 318K | 10.08M | 8.19M | 1.25M | 1.4M |
| Net Change in Cash | 1.08B▲ 0% | 1.74B▲ 61.0% | 18.11B▲ 941.9% | 2.81B▼ 84.5% | 41.5B▲ 1378.8% | -8.8B▼ 121.2% | 3.81B▲ 143.3% | 29.48B▲ 674.4% | 4.41B▼ 85.0% | 37.7B▲ 0% |
| Free Cash Flow | 877.48M▲ 0% | 306.56M▼ 65.1% | 7.74B▲ 2425.0% | 14.79B▲ 91.1% | 28.15B▲ 90.3% | 25.5B▼ 9.4% | 6.4B▼ 74.9% | 93.58B▲ 1362.8% | 120.96B▲ 29.3% | 111.4B▲ 0% |
| FCF Margin % | 173.8% | 17.58% | 59% | 49.08% | 47.32% | 27.14% | 4.9% | 37.79% | 30.71% | 26.62% |
| FCF Growth % | - | -65.06% | 2425% | 91.12% | 90.31% | -9.44% | -74.91% | 1362.79% | 29.26% | -13.44% |
| FCF per Share | 1.02 | 0.36 | 10.43 | 12.79 | 23.62 | 17.85 | 4.44 | 64.10 | 81.78 | 81.78 |
| FCF Conversion (FCF/Net Income) | -3.01x | -0.60x | -0.76x | -2.13x | -3.93x | 3.71x | 0.22x | 1.57x | 1.08x | 1.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 4.88B | 5.76B | 17.49B | 0 |
PDD Key Ratios
PDD Holdings Inc. (PDD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -67.26% | -102.03% | -32.06% | -16.93% | 11.48% | 32.7% | 39.36% | 44.92% | 26.13% |
| Return on Invested Capital (ROIC) | - | -576.69% | -42.42% | -17.53% | 7.6% | 25.08% | 37% | 40.28% | 40.28% |
| Gross Margin | 58.56% | 77.86% | 78.97% | 67.59% | 66.24% | 75.9% | 62.96% | 60.92% | 56.65% |
| Net Margin | -30.11% | -77.87% | -23.12% | -12.07% | 8.27% | 24.16% | 24.24% | 28.55% | 24.43% |
| Debt / Equity | - | - | 0.27x | 0.28x | 0.17x | 0.14x | 0.05x | 0.03x | 0.03x |
| Interest Coverage | - | - | -58.54x | -12.39x | 5.60x | 588.56x | 1334.46x | - | - |
| FCF Conversion | -0.60x | -0.76x | -2.13x | -3.93x | 3.71x | 0.22x | 1.57x | 1.08x | 1.09x |
| Revenue Growth | 245.45% | 652.26% | 129.74% | 97.37% | 57.92% | 38.97% | 89.68% | 59.04% | 12.48% |
PDD Frequently Asked Questions
PDD Holdings Inc. (PDD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
PDD Holdings Inc. (PDD) reported $418.54B in revenue for fiscal year 2024. This represents a 82802% increase from $504.9M in 2016.
PDD Holdings Inc. (PDD) grew revenue by 59.0% over the past year. This is strong growth.
Yes, PDD Holdings Inc. (PDD) is profitable, generating $102.27B in net income for fiscal year 2024 (28.5% net margin).
Dividend & Returns
PDD Holdings Inc. (PDD) has a return on equity (ROE) of 44.9%. This is excellent, indicating efficient use of shareholder capital.
PDD Holdings Inc. (PDD) generated $111.40B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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