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PDD Holdings Inc. PDD

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80.17 USD -1.51 (-1.85%)

At closeNov 4, 2026, 8:43 AM EST

82.93 +2.76 +3.44%

Pre-market · Nov 4, 8:43 AM ET

79.98 Day range 82.36
71.94 52-week range 139.12
YTD
-29.30%
1 year
-40.10%

Financial health

Altman Z-Score

4.78 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

S-5 / 5 overall

  • DCF 5
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 5
  • P/E 4
  • P/B 3

Valuation

P/E 11.5×
FY 2016: -545×FY 2017: -290×FY 2018: -11.1×FY 2019: -43.6×FY 2020: -192×FY 2021: 59.7×FY 2022: 22.5×FY 2023: 23.4×FY 2024: 8.7×FY 2025: 11.5×
FY 2016 5y median 22.5× FY 2025
P/S 2.6×
FY 2016: 316×FY 2017: 85.7×FY 2018: 8.7×FY 2019: 10.1×FY 2020: 23.2×FY 2021: 4.9×FY 2022: 5.4×FY 2023: 5.7×FY 2024: 2.5×FY 2025: 2.6×
FY 2016 5y median 4.9× FY 2025
P/B 2.7×
FY 2016: 448×FY 2017: 124×FY 2018: 6.1×FY 2019: 12.3×FY 2020: 22.9×FY 2021: 6.2×FY 2022: 6.0×FY 2023: 7.5×FY 2024: 3.1×FY 2025: 2.7×
FY 2016 5y median 6.0× FY 2025
P/FCF 10.5×
FY 2016: 182×FY 2017: 488×FY 2018: 14.8×FY 2019: 20.5×FY 2020: 48.9×FY 2021: 18.2×FY 2022: 111×FY 2023: 15.0×FY 2024: 8.1×FY 2025: 10.5×
FY 2016 5y median 15.0× FY 2025
EV/EBITDA 7.6×
FY 2016: -554×FY 2017: -251×FY 2018: -23.1×FY 2019: -38.6×FY 2020: -160×FY 2021: 36.8×FY 2022: 17.8×FY 2023: 18.4×FY 2024: 6.9×FY 2025: 7.6×
FY 2016 5y median 17.8× FY 2025
EV/Sales 2.2×
FY 2016: 313×FY 2017: 84.0×FY 2018: 7.6×FY 2019: 10.1×FY 2020: 23.1×FY 2021: 5.0×FY 2022: 5.3×FY 2023: 5.5×FY 2024: 2.4×FY 2025: 2.2×
FY 2016 5y median 5.0× FY 2025
FCF Yield 9.5%
FY 2016: 0.6%FY 2017: 0.2%FY 2018: 6.8%FY 2019: 4.9%FY 2020: 2.0%FY 2021: 5.5%FY 2022: 0.9%FY 2023: 6.7%FY 2024: 12.3%FY 2025: 9.5%
FY 2016 5y median 6.7% FY 2025

Profitability

Gross Margin 56.3%
FY 2016: -14.5%FY 2017: 58.6%FY 2018: 77.9%FY 2019: 79.0%FY 2020: 67.6%FY 2021: 66.2%FY 2022: 75.9%FY 2023: 63.0%FY 2024: 60.9%FY 2025: 56.3%
FY 2016 5y median 63.0% FY 2025
Operating Margin 21.6%
FY 2016: -56.7%FY 2017: -34.2%FY 2018: -82.3%FY 2019: -28.3%FY 2020: -15.8%FY 2021: 7.3%FY 2022: 23.3%FY 2023: 23.7%FY 2024: 27.5%FY 2025: 21.6%
FY 2016 5y median 23.3% FY 2025
Net Margin 22.7%
FY 2016: -57.8%FY 2017: -30.1%FY 2018: -77.9%FY 2019: -23.1%FY 2020: -12.1%FY 2021: 8.3%FY 2022: 24.2%FY 2023: 24.2%FY 2024: 28.5%FY 2025: 22.7%
FY 2016 5y median 24.2% FY 2025
ROE 23.6%
FY 2016: -81.9%FY 2017: -43.6%FY 2018: -54.3%FY 2019: -28.3%FY 2020: -11.9%FY 2021: 10.3%FY 2022: 26.8%FY 2023: 32.1%FY 2024: 35.9%FY 2025: 23.6%
FY 2016 5y median 26.8% FY 2025
ROIC 18.1%
FY 2016: -80.3%FY 2017: -49.4%FY 2018: -57.4%FY 2019: -27.3%FY 2020: -12.2%FY 2021: 6.3%FY 2022: 19.6%FY 2023: 24.8%FY 2024: 28.4%FY 2025: 18.1%
FY 2016 5y median 19.6% FY 2025
ROA 15.5%
FY 2016: -16.5%FY 2017: -3.9%FY 2018: -23.7%FY 2019: -9.2%FY 2020: -4.5%FY 2021: 4.3%FY 2022: 13.3%FY 2023: 17.2%FY 2024: 22.3%FY 2025: 15.5%
FY 2016 5y median 15.5% FY 2025

Growth (YoY)

Revenue 9.7%
FY 2016: 0.0%FY 2017: 245.5%FY 2018: 652.3%FY 2019: 129.7%FY 2020: 97.4%FY 2021: 57.9%FY 2022: 39.0%FY 2023: 89.7%FY 2024: 59.0%FY 2025: 9.7%
FY 2016 FY 2025
Operating Income -14.1%
FY 2016: 0.0%FY 2017: -108.1%FY 2018: -1712.9%FY 2019: 20.9%FY 2020: -9.9%FY 2021: 173.5%FY 2022: 340.8%FY 2023: 93.1%FY 2024: 84.7%FY 2025: -14.1%
FY 2016 FY 2025
EPS (diluted) -14.2%
FY 2016: 0.0%FY 2017: -76.5%FY 2018: -2213.3%FY 2019: 56.5%FY 2020: 0.0%FY 2021: 190.1%FY 2022: 302.9%FY 2023: 87.6%FY 2024: 84.8%FY 2025: -14.2%
FY 2016 FY 2025
Free Cash Flow -12.5%
FY 2016: 0.0%FY 2017: -65.1%FY 2018: 2425.0%FY 2019: 91.1%FY 2020: 90.3%FY 2021: -9.4%FY 2022: -74.9%FY 2023: 1362.8%FY 2024: 29.3%FY 2025: -12.5%
FY 2016 FY 2025

Financial Health

Current Ratio 2.4×
FY 2016: 1.2×FY 2017: 1.1×FY 2018: 1.7×FY 2019: 1.6×FY 2020: 1.8×FY 2021: 1.7×FY 2022: 1.9×FY 2023: 1.9×FY 2024: 2.2×FY 2025: 2.4×
FY 2016 5y median 1.9× FY 2025
Quick Ratio 2.4×
FY 2016: 1.2×FY 2017: 1.1×FY 2018: 1.7×FY 2019: 1.6×FY 2020: 1.8×FY 2021: 1.7×FY 2022: 1.9×FY 2023: 1.9×FY 2024: 2.2×FY 2025: 2.4×
FY 2016 5y median 1.9× FY 2025
Debt / Equity 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.3×FY 2020: 0.3×FY 2021: 0.2×FY 2022: 0.1×FY 2023: 0.1×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.1× FY 2025
Net Debt / EBITDA -1.4×
FY 2016: 4.6×FY 2017: 5.2×FY 2018: 3.3×FY 2019: -0.1×FY 2020: 0.6×FY 2021: 0.5×FY 2022: -0.4×FY 2023: -0.7×FY 2024: -0.3×FY 2025: -1.4×
FY 2016 5y median -0.4× FY 2025
Interest Coverage 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: -58.5×FY 2020: -12.4×FY 2021: 5.6×FY 2022: 589×FY 2023: 1334×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 5.6× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: -6.3%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31