PDD Holdings Inc.
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||||||||||||||||||||||||||||||||
| – | – | – | 22.4% | 58.6% | 68.1% | 77.8% | 78.5% | 77.9% | 78.7% | 77.6% | 77.1% | 79.0% | 77.3% | 77.4% | 77.6% | 67.6% | 62.5% | 61.1% | 60.6% | 66.2% | 70.6% | 72.9% | 75.4% | 75.9% | 75.5% | 72.1% | 67.0% | 63.6% | 62.4% | 62.9% | 62.5% | 60.9% | 59.7% | 57.4% | 56.6% | 56.3% | 56.0% | 56.3% | |
| – | – | – | -134.8% | -34.2% | -20.4% | -125.4% | -94.6% | -82.3% | -77.8% | -36.1% | -36.2% | -28.3% | -33.7% | -29.6% | -21.6% | -15.8% | -12.2% | -6.4% | -2.2% | 7.3% | 13.8% | 19.1% | 23.9% | 23.3% | 24.4% | 23.7% | 22.9% | 25.4% | 27.6% | 29.8% | 29.4% | 27.5% | 24.5% | 22.4% | 22.1% | 21.9% | 22.2% | 22.2% | |
| – | – | – | -130.3% | -30.1% | -16.7% | -121.1% | -90.0% | -77.9% | -73.1% | -30.7% | -30.6% | -23.1% | -28.7% | -24.6% | -17.3% | -12.1% | -7.9% | -3.1% | -0.2% | 8.3% | 13.9% | 19.0% | 24.3% | 24.2% | 25.7% | 25.0% | 23.3% | 26.4% | 28.7% | 30.5% | 30.5% | 28.5% | 24.6% | 23.9% | 24.4% | 23.0% | 22.0% | 20.8% | |
| – | – | – | – | 17.5% | 17.6% | -6.8% | 6.4% | 53.1% | 29.4% | 41.1% | 43.8% | 49.0% | 49.0% | 46.2% | 52.2% | 47.4% | 33.3% | 31.3% | 29.3% | 30.6% | 24.5% | 34.0% | 32.5% | 19.3% | 24.6% | 24.0% | 30.5% | 31.9% | 33.3% | 34.9% | 30.7% | 31.0% | 28.9% | 23.0% | 26.8% | 24.9% | 24.5% | 24.9% | |
| Returns | |||||||||||||||||||||||||||||||||||||||
| – | – | – | – | -43.6% | -5.4% | -73.5% | -37.5% | -54.3% | -63.2% | -25.5% | -29.4% | -28.3% | -37.4% | -30.9% | -26.6% | -11.9% | -9.9% | -4.1% | -0.3% | 10.1% | 17.7% | 21.7% | 26.8% | 24.9% | 31.5% | 28.4% | 28.5% | 29.6% | 45.2% | 40.8% | 40.6% | 35.9% | 30.1% | 27.1% | 26.1% | 23.9% | 23.0% | 20.8% | |
| – | – | – | – | -3.9% | -2.4% | -29.6% | -21.0% | -23.7% | -27.5% | -11.8% | -11.8% | -9.2% | -12.1% | -10.0% | -7.6% | -4.5% | -3.8% | -1.7% | -0.1% | 4.6% | 7.3% | 10.3% | 13.7% | 13.1% | 15.6% | 15.0% | 14.7% | 17.1% | 24.3% | 23.9% | 24.2% | 22.3% | 18.7% | 17.3% | 16.7% | 15.7% | 15.2% | 14.1% | |
| Balance Sheet & Debt | |||||||||||||||||||||||||||||||||||||||
| – | – | – | – | -2,625 | -7,981 | -7,766 | -13,305 | -11,457 | -11,457 | -23,772 | -10,473 | 453 | 677 | 4,262 | 2,745 | -5,869 | -8,799 | -7,510 | 891 | 4,802 | 8,057 | -10,359 | -9,339 | -3,754 | -18,284 | -14,358 | -37,584 | -48,559 | -52,264 | -49,626 | -58,104 | -50,352 | -62,499 | -55,519 | -84,753 | -180,348 | -196,017 | -126,463 | |
| – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.6 | 0.5 | 0.5 | -0.4 | -0.3 | -0.1 | -0.4 | -0.3 | -0.7 | -0.7 | -0.5 | -0.4 | -0.5 | -0.4 | -0.6 | -0.5 | -0.7 | -1.6 | -1.7 | -1.1 | |
| 20.1% | – | – | – | 9.1% | 44.9% | 40.3% | 56.1% | 43.6% | 43.6% | 46.2% | 40.2% | 32.4% | 32.4% | 32.4% | 28.6% | 37.9% | 37.9% | 41.4% | 40.9% | 45.4% | 41.5% | 47.3% | 51.2% | 52.7% | 49.7% | 53.0% | 51.6% | 57.9% | 53.8% | 58.7% | 59.7% | 62.0% | 62.1% | 63.8% | 63.8% | 65.9% | 66.4% | 67.5% | |
| – | – | – | – | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Per Share | |||||||||||||||||||||||||||||||||||||||
| – | – | – | -1.21 | -0.76 | -0.75 | -7.79 | -10.57 | -11.46 | -13.35 | -6.89 | -8.22 | -7.49 | -9.90 | -9.52 | -7.89 | -7.39 | -6.14 | -2.32 | -0.20 | 6.83 | 11.68 | 17.28 | 24.85 | 26.95 | 31.88 | 35.36 | 39.39 | 54.80 | 71.94 | 87.37 | 95.59 | 75.90 | 66.87 | 66.08 | 68.71 | 66.61 | 65.43 | 63.29 | |
| – | – | – | 0.93 | 2.53 | 4.49 | 6.43 | 11.75 | 14.72 | 18.27 | 22.43 | 26.89 | 32.41 | 34.56 | 38.74 | 45.69 | 61.27 | 77.37 | 75.16 | 81.76 | 82.58 | 84.07 | 90.93 | 102.12 | 111.58 | 124.29 | 141.64 | 169.29 | 207.86 | 250.51 | 286.49 | 313.07 | 265.87 | 271.53 | 276.41 | 281.19 | 289.32 | 297.77 | 304.76 | |
| 0.07 | -0.62 | – | – | 1.75 | 13.93 | 10.60 | 28.22 | 21.12 | 21.12 | 27.00 | 27.91 | 26.50 | 26.50 | 30.84 | 29.67 | 61.98 | 61.98 | 56.73 | 59.70 | 67.38 | 66.07 | 79.51 | 92.73 | 108.12 | 101.37 | 124.58 | 138.15 | 185.12 | 159.14 | 214.30 | 235.63 | 211.51 | 222.31 | 244.18 | 262.96 | 279.26 | 285.03 | 303.89 | |
| – | – | – | – | 0.44 | 0.79 | -0.44 | 0.75 | 7.82 | 5.38 | 9.23 | 11.77 | 15.90 | 16.95 | 17.90 | 23.84 | 29.02 | 25.76 | 23.51 | 23.93 | 25.26 | 20.58 | 30.96 | 33.17 | 21.51 | 30.62 | 33.94 | 51.56 | 66.31 | 83.35 | 99.96 | 95.98 | 82.31 | 78.47 | 63.58 | 75.49 | 71.93 | 72.88 | 75.94 | |
Data as of: October 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.