← PDD Holdings Inc. PDD
Market Price
$84.77
Market Cap
$119.81B
P/E Ratio
35.92
Revenue (FY 2025)
↑14.5% YoY
$61.75B
3-Yr CAGR: 48.3%
Net Income
↓-9.2% YoY
$13.99B
Net Margin: 22.7%
Free Cash Flow
↓-10.1% YoY
$14.15B
FCF Yield: 11.81%
EPS (Diluted)
↓-9.2% YoY
$2.36
Basic: $2.50
Return on Equity
Efficiency
23.7%
ROA: 2.2%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (PDD)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | — | — | $339.5M | $-292.0M | — | $-0.18 | — | $879.8M | $877.5M | — |
| FY 2017 | $1,744.1M | — | $1,021.2M | $-525.1M | -79.8% | $-0.28 | -55.6% | $9,686.3M | $9,677.4M | +1,002.9% |
| FY 2018 | $1,908.2M | +9.4% | $1,485.7M | $-1,486.0M | -183.0% | $-0.50 | -78.6% | $1,129.8M | $1,125.8M | -88.4% |
| FY 2019 | $4,329.6M | +126.9% | $3,419.1M | $-1,000.8M | +32.7% | $-0.22 | +56.0% | $2,128.9M | $2,125.0M | +88.7% |
| FY 2020 | $9,117.5M | +110.6% | $6,162.9M | $-1,100.3M | -9.9% | $-0.23 | -4.5% | $4,321.3M | $4,314.7M | +103.0% |
| FY 2021 | $93,949.9M | +930.4% | $62,231.8M | $7,768.7M | +806.0% | $1.36 | +691.3% | $28,783.0M | $25,495.8M | +490.9% |
| FY 2022 | $18,929.1M | -79.9% | $4,982.7M | $4,572.6M | -41.1% | $0.79 | -41.9% | $7,033.0M | $6,397.3M | -74.9% |
| FY 2023 | $34,879.3M | +84.3% | $21,960.3M | $8,454.6M | +84.9% | $1.45 | +83.5% | $13,262.5M | $12,678.6M | +98.2% |
| FY 2024 | $53,955.3M | +54.7% | $32,871.1M | $15,403.5M | +82.2% | $2.60 | +79.3% | $16,704.2M | $15,737.1M | +24.1% |
| FY 2025 | $61,753.1M | +14.5% | $34,754.8M | $13,991.3M | -9.2% | $2.36 | -9.2% | $15,292.0M | $14,147.0M | -10.1% |
Valuation
Market Price
$84.77
Market Cap
$119.81B
Enterprise Value
$112.49B
P/E Ratio
35.92
P/B Ratio
2.04
FCF Yield
11.81%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
56.28%
Operating Margin
21.56%
Net Margin
22.66%
Return on Equity (ROE)
23.67%
Return on Assets (ROA)
2.22%
Asset Turnover
0.10x
Revenue 3-Yr CAGR
48.31%
Financial Health & Liquidity
Current Ratio
0.04
Cash Ratio
0.51
Debt / Equity
0.140
Debt / Assets
0.013
Cash & Equivalents
$15.57B
Total Debt
$8.26B
Book Value / Share
$41.53
Cash Flow Efficiency
Operating Cash Flow
$15.29B
Capital Expenditures (CapEx)
$1.15B
Free Cash Flow
$14.15B
OCF / Revenue
24.76%
FCF / Revenue
22.91%
FCF 3-Yr CAGR
30.28%
Per Share Metrics
EPS (Diluted)
$2.36
EPS (Basic)
$2.50
Dividends / Share
N/A
Book Value / Share
$41.53
EPS YoY Growth
-9.23%
Balance Sheet (FY 2025)
Total Assets
$630.04B
Total Liabilities
$216.66B
Stockholders' Equity
$59.11B
Current Assets
$1.08B
Current Liabilities
$30.56B