PDD Holdings Inc. Dossier
Financial Snapshot
Revenue, profitability, returns, debt, and capital allocation
Revenue $61.8B+14.5% YoYTTM through 31 Dec 2025
Net Income $14B-9.2% YoYTTM through 31 Dec 2025
Margins
| Current | |
|---|---|
| EBITDA Margin | 21.7% |
| Operating Margin | 21.6% |
| Net Margin | 22.7% |
Returns
23.9%ROE
15.8%ROA
20.5%ROIC
Balance Sheet Health
Debt / Equity0.00x
Current Ratio2.54x
Net Debt-$436.1Bnet cash position
Cash & Equivalents$15.6B
Quality Metrics
Altman Z-Score4.60
Piotroski F-Score5 / 9
Earnings-Beat Rate50.0%
Multi-Year Trend
RevenueFY2025: $431.8B
Diluted EPS$2.36TTMFY2025: $16.50
Dividend
No dividend
Capital Allocation
R&D Spend$2.4B
Financials converted at 6.9961 from RMB.
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