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.
- Ticker
- PDD
- Exchange
- Nasdaq
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- 52-week range
- $71.94 - $139.12
Valuation
- Share price
- $83.03 (close of Nov 6, 2026)
- P/E (TTM)
- 8.30x
- Price to book
- 1.74x
- Price to free cash flow
- 7.37x
Price performance
| Period | Change |
|---|---|
| 1 day | -1.10% |
| 5 days | +5.62% |
| 1 month | +5.91% |
| 3 months | -8.61% |
| 6 months | -18.84% |
| Year to date | -26.77% |
| 1 year | -39.28% |
| 3 years | -22.50% |
| 5 years | -0.76% |
| All time | +210.97% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 3.72%
- Shares short
- 32.10M
- Days to cover
- 5.67
- Change since prior report
- +8.53%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed PDD trades
Super investors holding PDD
Li Lu (Himalaya Capital Management LLC) · Dodge & Cox (Dodge & Cox Funds) · Ken Griffin (Citadel) · Norbert Lou (Punch Card Management L.P.)
Profitability and growth
- Return on equity
- 23.67%
- Return on invested capital
- 17.04%
- 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)
- 13.58%
- Current ratio
- 2.62x
- Net debt to EBITDA
- -3.68x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 1.40B
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 56.28% | 22.66% | 23.67% | 17.04% |
| 2024-12-31 | 60.92% | 28.55% | 35.89% | 27.22% |
| 2023-12-31 | 62.96% | 24.24% | 32.06% | 23.73% |
| 2022-12-31 | 75.90% | 24.16% | 26.78% | 19.06% |
| 2021-12-31 | 66.24% | 8.27% | 10.34% | 5.65% |
| 2020-12-31 | 67.59% | -12.07% | -11.93% | -15.42% |
| 2019-12-31 | 78.97% | -23.12% | -28.27% | -33.89% |
| 2018-12-31 | 77.86% | -77.87% | -54.28% | -57.38% |
| 2017-12-31 | 58.56% | -30.11% | - | - |
| 2016-12-31 | - | -57.83% | - | - |
Investor relations
Next earnings report
- Next confirmed report
- Nov 17, 2026
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-24 | Jun 2026 | - |
| 2026-05-27 | Mar 2026 | - |
| 2026-03-25 | Dec 2025 | - |
| 2025-11-18 | Sep 2025 | - |
| 2025-08-25 | Jun 2025 | - |
| 2025-05-27 | Mar 2025 | - |
| 2025-03-20 | Dec 2024 | - |
| 2024-11-21 | Sep 2024 | - |
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 · Short interest · 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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