PDD Holdings Inc. (PDD)

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

Symbol
PDD
Exchange
Nasdaq
Sector
Consumer Cyclical
Industry
Internet Retail
52 week range
71.94 - 139.41

Valuation

Share price
$79.20 (close of 2026-09-23)
P/E (TTM)
7.70x
Price to book
1.86x
Price to free cash flow
7.17x

Price performance

PeriodChange
1 day-0.13%
5 days+1.43%
1 month-10.39%
3 months+3.45%
6 months-17.71%
Year to date-30.15%
1 year-38.38%
3 years-17.44%
5 years-19.41%
All time+196.63%

Profitability and growth

Return on equity
23.67%
Return on assets
15.53%
Return on capital employed
22.36%
Gross margin
56.28%
Net margin
22.66%
EBITDA margin
21.70%
Revenue growth
9.65%
Net income growth
-12.98%
Free cash flow growth
-12.29%

Cash flow and balance sheet

Free cash flow yield (TTM)
13.94%
Current ratio
2.43x
Net debt to EBITDA
-3.40x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Shares outstanding
1.40B

Margins and returns by year

Period endGross marginNet marginReturn on equity
2025-12-3156.28%22.66%23.67%
2024-12-3160.92%28.55%35.89%
2023-12-3162.96%24.24%32.06%
2022-12-3175.90%24.16%26.78%
2021-12-3166.24%8.27%10.34%
2020-12-3167.59%-12.07%-11.93%
2019-12-3178.97%-23.12%-28.27%
2018-12-3177.86%-77.87%-54.28%
2017-12-3158.56%-30.11%52.94%
2016-12-31-14.46%-57.83%68.49%

Investor relations

Next earnings report

Next confirmed report
2026-11-17

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-24Jun/2026-
2026-05-27--
2026-03-25--
2025-11-18--
2025-08-25--
2025-05-27--
2025-03-20--
2024-11-21--

Filings and sources

Company website
pddholdings.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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All Consumer Cyclical companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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