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PD

PDD Holdings Inc.

PDDConsumer CyclicalNASDAQ

Internet Retail

PriceMA150MA200
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Financials · Annual
Revenue
$431.85B
+9.7% YoY
Net Income
$97.84B
-13.0% YoY
EBITDA
$122.45B
-9.5% YoY
Free Cash Flow
$71.64B

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About PDD Holdings Inc.

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. At a $125.52B market cap, PDD Holdings Inc. ranks as a large-cap company within consumer cyclical. 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.

Key stats
Market Cap$125.52B
P/E (TTM)9.25
Fwd P/E7.03
EPS$9.53
Beta0.03
52W Change-11.5%
ROE25.4%
Analysis

With $436.07B in cash and $5.12B in debt, PDD maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow comes in at $71.64B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 25.4% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 10.3% further supports the picture of efficient asset utilization. Revenue has grown from $93.95B (2021) to $431.85B (2025), reflecting a 360% increase over the period.

The relatively low beta of 0.03 suggests PDD is a less volatile holding compared to the broader index. With cash comfortably exceeding debt, PDD has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing PDD.

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PDD — PDD Holdings Inc. Technical Analysis | Scanance