PDD Holdings Inc. Sponsored ADR

PDD Consumer Cyclical Internet Retail

PDD Holdings Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $61.8 billion, up 14.5% from fiscal 2024.

Revenue
+14.1%
EPS
−7.17%
Free cash flow
+25.4%

Quarter to June 2026, against a year earlier

82.36 2.19 +2.73%
Market cap
$114.1B
P/E
8.4×
Fwd P/E
8.0×
Dividend yield
—
F-score
5/9
Altman Z
5.46
Beneish M
−2.12
Dividend safety
n/a

PDD Holdings Inc. Sponsored ADR (PDD) Debt to equity

Alert me on Debt to equity

PDD Holdings Inc. Sponsored ADR's debt to equity at the end of the quarter to 30 June 2026 was 0.0×, down 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.3× (fiscal 2020) — the current reading is the lowest in ten years. That is below the Internet Retail industry median of 0.1× and below the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× —
FY2024 0.0× (46.18%)
FY2023 0.0× (76.09%)
FY2022 0.1× (19.25%)
FY2021 0.2× (40.87%)
FY2020 0.3× 8.91%
FY2019 0.3× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
Sep 2025 0.0× (8.22%)
31 more quarters

Against its own ten years

Low 0.0× High 0.3×
Ten-year median 0.0×
Current reading's percentile 40

Debt to equity against peers

Company Debt to equity
W Wayfair Inc. compare −1.0×
PDD PDD Holdings Inc. Sponsored ADR 0.0×
CPNG Coupang, Inc. compare 0.0×
SE Sea Limited Sponsored ADR compare 0.1×
JD JD.com, Inc. compare 0.2×
BABA Alibaba Group Holding Limited compare 0.2×
DASH DoorDash, Inc. compare 0.3×
MELI MercadoLibre, Inc. compare 1.4×
EBAY eBay Inc. compare 1.5×
Internet Retail industry median 0.1×
Consumer Cyclical sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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