Company Overview
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.
Why Investors Should Care
Generates a return on equity of 25.4%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 22.4%.
Net profit has compounded at 45.9% per year over the last five years.
Revenue has grown at a 49.0% CAGR over the past five years.
Trades at a P/E of 8.8, below the sector median of 22.8.
Maintains a net profit margin of 21.6%.
Recent Developments
- Dec 2025 Revenue of $431.85B (+9.7% YoY); net profit $97.84B.
- Trailing 12 Months Year-on-year growth — revenue +11.0%, earnings -14.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 49.0%, profit CAGR 45.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 49.00% |
| 1 Year: | 11.00% |
Compounded Profit Growth
| 5 Years: | 45.85% |
| 1 Year: | -14.90% |
Stock Price Performance
| 1 Year: | -18.06% |
| 6 Months: | -30.39% |
| 3 Months: | -16.76% |
| 1 Month: | +3.21% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)51.43 · Neutral
P/E of 8.80 is below the sector median of 22.82 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 25.4%.
- Healthy ROCE of 22.4%.
- Excellent profit margin of 21.6%.
- Compounding revenue at 49.0% over 5 years.
- Profit CAGR of 45.9% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 39.2% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PDD PDD Holdings Inc. NDX | 83.91 | 8.80 | $119.44B | 0.00% | 22.36% | 25.40% | 49.00% | 45.85% |
| 2 | AMZN Amazon.com, Inc. NDXSPXAI | 247.49 | 32.82 | $2.66T | 0.00% | 16.60% | 24.29% | 11.73% | 984.47% |
| 3 | TSLA Tesla, Inc. NDXSPXAI | 396.18 | 360.16 | $1.49T | 0.00% | 4.10% | 4.90% | 52.40% | 39.39% |
| 4 | HD The Home Depot, Inc. SPX | 337.74 | 23.97 | $336.77B | 2.84% | 28.75% | 128.38% | 1.52% | -6.11% |
| 5 | BABA Alibaba Group Holding Limited AI | 112.32 | 17.28 | $269.47B | 0.93% | 4.16% | 9.22% | 5.62% | 12.49% |
| 6 | MCD McDonald's Corporation SPX | 268.94 | 22.17 | $191.08B | 2.61% | 22.47% | - | 0.92% | 7.33% |
| 7 | TJX The TJX Companies, Inc. SPX | 150.34 | 29.25 | $166.08B | 1.14% | 21.26% | 61.25% | 6.84% | 8.48% |
| 8 | BKNG Booking Holdings Inc. NDXSPX | 174.85 | 23.04 | $135.49B | 0.97% | 70.23% | -96.88% | 16.93% | 22.07% |
| 9 | SBUX Starbucks Corporation NDXSPX | 106.17 | 81.05 | $121.00B | 2.41% | 13.46% | -22.93% | 7.93% | 5.80% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | 95.67B | 103.98B | 108.28B | 123.91B | 106.23B |
| Cost of Revenue | - | - | 40.95B | 45.86B | 46.84B | 55.16B | 46.89B |
| Gross Profit | - | - | 54.73B | 58.13B | 61.44B | 68.76B | 59.34B |
| Operating Expenses | - | - | 38.64B | 32.33B | 36.41B | 42.56B | 39.77B |
| Operating Income | - | - | 16.09B | 25.79B | 25.03B | 26.20B | 19.57B |
| EBITDA | - | - | 16.09B | 25.79B | 25.03B | 52.54B | 17.39B |
| Interest Expense | 0 | 0 | - | - | - | - | 632.00M |
| Pretax Income | - | - | 19.33B | 35.54B | 33.28B | 31.31B | 16.76B |
| Tax Provision | - | - | 4.48B | 4.82B | 3.99B | 8.45B | 4.12B |
| Net Income | - | - | 14.74B | 30.75B | 29.33B | 23.02B | 12.55B |
| Diluted EPS | - | - | 9.96 | 20.76 | 19.72 | 16.52 | 8.48 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 130.56B | 247.64B | 393.84B | 431.85B |
| Cost of Revenue | 31.46B | 91.72B | 153.90B | 188.80B |
| Gross Profit | 99.10B | 155.92B | 239.94B | 243.04B |
| Operating Expenses | 68.69B | 97.22B | 131.51B | 149.94B |
| Operating Income | 30.40B | 58.70B | 108.42B | 93.10B |
| EBITDA | 39.21B | 73.81B | 135.32B | 122.45B |
| Interest Expense | 51.66M | 43.99M | 0 | 0 |
| Pretax Income | 36.42B | 71.88B | 132.68B | 119.45B |
| Tax Provision | 4.73B | 11.85B | 20.27B | 21.73B |
| Net Income | 31.54B | 60.03B | 112.43B | 97.84B |
| Diluted EPS | 21.92 | 41.16 | 76.00 | 67.04 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 237.12B | 348.08B | 505.03B | 630.04B |
| Current Assets | - | 216.62B | 294.75B | 415.65B | 518.98B |
| Cash & Equivalents | - | 34.33B | 59.79B | 57.77B | 108.90B |
| Inventory | 14.20M | - | - | - | - |
| Receivables | - | 587.70M | 3.91B | 3.68B | 5.11B |
| Total Liabilities | - | 119.35B | 160.84B | 191.72B | 216.66B |
| Current Liabilities | - | 116.89B | 152.90B | 188.42B | 213.74B |
| Long Term Debt | 11.79B | 1.58B | 5.23B | - | - |
| Total Debt | - | 16.93B | 10.17B | 10.61B | 5.38B |
| Total Equity | - | 117.77B | 187.24B | 313.31B | 413.39B |
| Shares Outstanding | - | 5.28B | 5.50B | 5.57B | 5.69B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 48.51B | 94.16B | 121.93B | 106.94B |
| Investing Cash Flow | - | -22.36B | -55.43B | -118.36B | -43.42B |
| Financing Cash Flow | - | 10.08M | -8.96B | 1.16M | -5.23B |
| Capital Expenditure | - | -635.72M | -583.88M | -967.14M | -1.15B |
| Free Cash Flow | - | 47.87B | 93.58B | 120.96B | 105.79B |
| Net Change in Cash | - | 26.16B | 29.77B | 3.57B | 58.29B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Gross Margin % | 75.9% | 63.0% | 60.9% | 56.3% |
| Operating Margin % | 23.3% | 23.7% | 27.5% | 21.6% |
| Net Margin % | 24.2% | 24.2% | 28.5% | 22.7% |
| ROE % | 26.8% | 32.1% | 35.9% | 23.7% |
| ROCE % | 25.3% | 30.1% | 34.2% | 22.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 2.77% | 39.41M | $3.32B |
| 2 | BAILLIE GIFFORD & CO | 1.99% | 28.35M | $2.39B |
| 3 | Vanguard Capital Management LLC | 1.69% | 24.13M | $2.03B |
| 4 | H&H International Investment, LLC | 1.39% | 19.75M | $1.67B |
| 5 | State Street Corporation | 0.85% | 12.03M | $1.01B |
| 6 | HSG Holding Ltd | 0.80% | 11.35M | $957.07M |
| 7 | Goldman Sachs Group Inc | 0.68% | 9.71M | $818.55M |
| 8 | NetEase, Inc. | 0.62% | 8.87M | $747.75M |
| 9 | Sc Us (ttgp), Ltd. | 0.62% | 8.84M | $745.65M |
| 10 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.60% | 8.58M | $723.85M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for PDD
PDD Stock Faces Wall Street Reset: Temu Expansion, Supply Chain Spending Pressure Outlook - Stocktwits
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PDD Holdings (PDD) Stock May Be Undervalued Despite A 26% Slide - Yahoo Finance
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PDD Holdings: Headline Numbers Of 2.4% Hide The True Growth (NASDAQ:PDD) - Seeking Alpha
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PDD — Frequently Asked Questions
What is the current share price of PDD Holdings Inc. (PDD)?
As of 2026-07-14 21:23 PDT, PDD Holdings Inc. (PDD) trades at $83.91 on NasdaqGS. Its 52-week range is $73.30 to $138.13.
What is the market capitalisation of PDD?
PDD Holdings Inc. (PDD) has a market capitalisation of $119.44B on NasdaqGS.
What is the P/E ratio of PDD?
PDD trades at a trailing price-to-earnings (P/E) ratio of 8.80. The industry average P/E is 22.82. Its price-to-book (P/B) ratio is 1.83.
What is the return on equity (ROE) of PDD?
PDD has a return on equity (ROE) of 25.40%. Its return on capital employed (ROCE) is 22.36%.
Is PDD a good stock to buy?
This page provides a data-driven analysis of PDD Holdings Inc. (PDD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.