PDDNasdaqServices-Business Services, NECFiscal year ends December 31
PDD Holdings Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$81.39+0.42 (+0.52%)
Close on Oct 19, 2026
PDD statistics
Financials through Dec 31, 2025, price-based ratios appear once a share price is available, median of Services-Business Services, NEC companies for comparison
Valuation
| Measure | PDD | Industry median |
|---|---|---|
| Market Cap | CN¥775.27B | CN¥961.81M |
| Enterprise Value | CN¥352.96B | CN¥359.35M |
| PE Ratio | 8.25 | 11.59 |
| PS Ratio | 1.80 | 1.22 |
| PB Ratio | 1.88 | 0.69 |
| P/TBV Ratio | 1.88 | 0.82 |
| P/OCF Ratio | 7.25 | 4.79 |
Enterprise value
| Measure | PDD | Industry median |
|---|---|---|
| EV / Sales | 0.82 | 0.73 |
| EV / EBITDA | 3.77 | 6.49 |
| EV / EBIT | 3.79 | 6.39 |
Income (trailing twelve months)
| Measure | PDD | Industry median |
|---|---|---|
| Revenue | CN¥431.85B | CN¥1.45B |
| Gross Profit | CN¥243.04B | CN¥727.69M |
| Operating Income | CN¥93.10B | -CN¥38.65M |
| Pretax Income | CN¥119.58B | CN¥10.40M |
| Net Income | CN¥97.84B | CN¥1.13M |
| EBITDA | CN¥93.70B | CN¥4.76M |
| EPS (Diluted) | 16.50 CNY | 0.00 CNY |
Margins
| Measure | PDD | Industry median |
|---|---|---|
| Gross Margin | 56.3% | 33.5% |
| Operating Margin | 21.6% | -3.51% |
| Pretax Margin | 27.7% | 0.71% |
| Profit Margin | 22.7% | 0.61% |
| EBITDA Margin | 21.7% | 0.16% |
Returns
| Measure | PDD | Industry median |
|---|---|---|
| Return on Equity (ROE) | 26.9% | 0.50% |
| Return on Assets (ROA) | 17.2% | 0.16% |
| Return on Capital Employed (ROCE) | 22.4% | -0.76% |
Growth
| Measure | PDD | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 9.65% | 2.73% |
| Net Income Growth (YoY) | -13.0% | -69.8% |
| EPS Growth (YoY) | -13.2% | -43.6% |
| Revenue Growth (3Y CAGR) | 49.0% | 4.46% |
| Revenue Growth (5Y CAGR) | 48.7% | 3.56% |
| EPS Growth (3Y CAGR) | 44.4% | 18.2% |
Balance sheet
| Measure | PDD | Industry median |
|---|---|---|
| Cash & Short-Term Investments | CN¥422.31B | CN¥1.52B |
| Net Cash (Debt) | CN¥422.31B | CN¥683.87M |
| Net Cash Per Share | 74.17 CNY | 1.65 CNY |
| Equity (Book Value) | CN¥413.39B | CN¥1.61B |
| Book Value Per Share | 72.61 CNY | 11.00 CNY |
| Tangible Book Value | CN¥413.37B | CN¥1.41B |
| Working Capital | CN¥305.24B | CN¥700.54M |
Financial position
| Measure | PDD | Industry median |
|---|---|---|
| Current Ratio | 2.43 | 1.76 |
| Quick Ratio | 1.98 | 1.06 |
Cash flow (trailing twelve months)
| Measure | PDD | Industry median |
|---|---|---|
| Operating Cash Flow | CN¥106.94B | CN¥35.46M |
Efficiency
| Measure | PDD | Industry median |
|---|---|---|
| Asset Turnover | 0.76 | 0.56 |
| Revenue Per Employee | CN¥16.95M | CN¥1.55M |
| Profits Per Employee | CN¥3.84M | CN¥6.72K |
| Employee Count | 25,474 | 829 |
Dividends and yields
| Measure | PDD | Industry median |
|---|---|---|
| Earnings Yield | 12.6% | 0.83% |
Shares
| Measure | PDD | Industry median |
|---|---|---|
| Shares Outstanding | 5,693,590,000 | 813,600,000 |
| Shares Change (YoY) | 0.22% | 0.54% |
| Float | 5,693,240,000 | 634,000,500 |
| Shares Held by Insiders | 0.01% | 17.4% |
| Shares Held by Institutions | 7.57% | 2.73% |
Taxes
| Measure | PDD | Industry median |
|---|---|---|
| Income Tax | CN¥21.73B | CN¥6.73M |
| Effective Tax Rate | 18.2% | 16.6% |
Scores
| Measure | PDD | Industry median |
|---|---|---|
| Graham Number | 164.18 CNY | 44.34 CNY |
| Graham Upside | 20.6% | 68.7% |
| Altman Z-Score | 4.53 | 0.46 |
| Piotroski F-Score | 4 | 5 |
Calculated by StockData from PDD's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.