PDD Holdings Inc. PDD NDX
Consumer Cyclical · Internet Retail · Ireland
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.
READ MORE ›$84.44
-12.51% 1Y
Market & Price
Market Cap
$120.19B
Current Price
$84.44
High / Low (52W)
$138.13 / $83.03
Beta
0.03
Valuation
Stock P/E
8.87
Industry PE
22.37
Forward P/E
6.64
PEG Ratio
0.79
Book Value
$42.74
Price to Book
1.98
P/S
0.27
EV/EBITDA
0.45
Dividend Yield
-
Profitability & Returns
ROCE
28.69%
ROE
25.40%
ROA
10.33%
Profit Margin
21.62%
Op Margin
18.42%
EPS (Latest Qtr)
$8.48
EPS (TTM)
$9.52
Balance Sheet & Liquidity
Debt/Equity
1.21
Quick Ratio
2.13
Current Ratio
2.54
Debt
$5.12B
Total Assets
$630.04B
Current Assets
$518.98B
Working Capital
$305.24B
Ownership
Promoter Holding
0.66%
Chg in Prom Hold
-
FII / Inst Holding
31.73%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$43.27B
Total Revenue (TTM)
$442.40B
EBITDA
$97.16B
Free Cash Flow
$71.64B
Operating Cash Flow
$107.87B
Shares Outstanding
1.42B
Gross Margin
55.98%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
49.00%
Profit 5Y
45.85%
Revenue (YoY)
11.00%
Earnings (YoY)
-14.90%
PROS
- Strong return on equity of 25.4%.
- Healthy ROCE of 28.7%.
- Excellent profit margin of 21.6%.
- Compounding revenue at 49.0% over 5 years.
- Profit CAGR of 45.8% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 38.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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 | 84.44 | 8.87 | $120.19B | - | 28.69% | 25.40% | 49.00% | 45.85% |
| 2 | AMZN Amazon.com, Inc. NDXSPXAI | 270.64 | 31.65 | $2.91T | - | 16.60% | 24.29% | 11.73% | 984.47% |
| 3 | TSLA Tesla, Inc. NDXSPXAI | 435.79 | 399.81 | $1.64T | - | 5.29% | 4.90% | 5.19% | -32.94% |
| 4 | HD The Home Depot, Inc. SPX | 317.14 | 22.52 | $316.23B | 2.94% | 28.92% | 128.38% | 1.52% | -6.11% |
| 5 | MCD McDonald's Corporation SPX | 279.20 | 23.04 | $198.37B | 2.66% | 22.63% | - | 5.06% | 11.50% |
| 6 | TJX The TJX Companies, Inc. SPX | 154.75 | 30.11 | $171.12B | 1.24% | 32.91% | 61.25% | 6.53% | 16.24% |
| 7 | BKNG Booking Holdings Inc. NDXSPX | 167.43 | 22.09 | $129.74B | 0.96% | 67.24% | - | 16.35% | 20.90% |
| 8 | LOW Lowe's Companies, Inc. SPX | 214.36 | 18.12 | $120.26B | 2.24% | 29.62% | - | -3.85% | 1.11% |
| 9 | SBUX Starbucks Corporation NDXSPX | 99.16 | 75.69 | $113.01B | 2.50% | 13.98% | - | 4.86% | -17.30% |
Ad space
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 | 66.00 |
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: | -12.51% |
| 6 Months: | -25.93% |
| 3 Months: | -18.60% |
| 1 Month: | -13.55% |
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
Insiders
0.66%
Institutions
31.73%
Public Float
31.94%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 2.77% | 39.41M | $3.33B |
| 2 | BAILLIE GIFFORD & CO | 1.99% | 28.35M | $2.39B |
| 3 | Vanguard Capital Management LLC | 1.69% | 24.13M | $2.04B |
| 4 | H&H International Investment, LLC | 1.39% | 19.75M | $1.67B |
| 5 | State Street Corporation | 0.85% | 12.03M | $1.02B |
| 6 | HSG Holding Ltd | 0.80% | 11.35M | $958.26M |
| 7 | Goldman Sachs Group Inc | 0.68% | 9.71M | $819.57M |
| 8 | NetEase, Inc. | 0.62% | 8.87M | $748.69M |
| 9 | Sc Us (ttgp), Ltd. | 0.62% | 8.84M | $746.58M |
| 10 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.60% | 8.58M | $724.75M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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