PDD Holdings Inc.
PDD Nasdaq· Services-Business Services, Nec
Last close · Oct 30, 2026
$78.61
KIRA · Stoqly’s AI analyst, in plain words
- PDD Holdings Inc. had $60.1B of revenue in fiscal 2025, up 9.8% on the year before. Over five years, revenue changed +47.5% a year on average.
- Its operating margin was 21.6%, down 6.0 pts: of every 100 in sales, about 22 is left after running the business.
- PDD Holdings Inc. made $13.6B of net profit in fiscal 2025.
Market cap
$116.5B
P/E
8.6x
Revenue
$60.1B
Net income
$13.6B
Free cash flow
—
Operating margin
21.6%
PDD Holdings Inc. in 30 seconds · fiscal 2025
Are sales growing?
+9.8%
Yes. Sales grew 9.8% last year.
Does it make a profit?
22.7%
Yes. It keeps 22.7% of every sale as profit.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
8.6x
One share costs 8.6 times its yearly profit per share.
What PDD Holdings Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 29, 2026
- Legal name
- PDD Holdings Inc.
- CIK
- 0001737806
PDD Holdings Inc. · PDD · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $14.6B | $19.4B | $35.0B | $54.7B | $60.1B |
| Revenue growth | 69.0% | 33.1% | 80.3% | 56.5% | 9.8% |
| Gross margin | 66.2% | 75.9% | 63.0% | 60.9% | 56.3% |
| Operating margin | 7.3% | 23.3% | 23.7% | 27.5% | 21.6% |
| Net income | $1.2B | $4.7B | $8.5B | $15.6B | $13.6B |
| Net margin | 8.3% | 24.2% | 24.2% | 28.5% | 22.7% |
| Diluted EPS | $0.84 | $3.26 | $5.81 | $10.56 | $9.18 |
| Cash | |||||
| Cash from operations | $4.5B | $7.2B | $13.3B | $16.9B | $14.9B |
| Share count change | 19.8% | −99.9% | 101,261.3% | 1.3% | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $14.6B | $21.7B | $30.6B | $45.4B | $60.3B |
| Shareholders' equity | $11.8B | $17.1B | $26.4B | $42.9B | $59.0B |
| Current ratio | 1.7x | 1.9x | 1.9x | 2.2x | 2.4x |
| Interest coverage | 5.6x | 588.6x | 1,334.4x | — | — |
| Returns and quality | |||||
| Return on equity | 11.5% | 32.4% | 39.0% | 45.1% | 26.7% |
| Return on tangible equity | 10.3% | 27.5% | 32.2% | 36.4% | 23.1% |
| Piotroski F-score | 5 | 8 | 6 | 6 | 4 |
| Altman Z'' | 3.1 | 4.9 | 5.7 | 7.3 | 7.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.3M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
PDD Holdings Inc. · PDD · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $78.61 a share, the company is worth $116.5B: 8.6 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001737806). Latest version: stoqly.net/companies/pdd. Data updated November 1, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.