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) Free cash flow margin

Alert me on Free cash flow margin

PDD Holdings Inc. Sponsored ADR's free cash flow margin over the twelve months to 30 June 2026 was 24.7%, up 0.2 percentage points from fiscal 2025 (24.5%). Over the past ten years it has ranged from 17.6% (fiscal 2017) to 174.2% (fiscal 2016); the current reading is higher than 20% of that period. That is above the Internet Retail industry median of 0.00% and above the Consumer Cyclical sector median of 3.17%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 24.5% (6.21)
FY2024 30.7% (7.08)
FY2023 37.8% 1.12
FY2022 36.7% 9.53
FY2021 27.1% (20.18)
FY2020 47.3% (1.76)
FY2019 49.1% (9.92)
FY2018 59.0% 41.40
FY2017 17.6% (156.64)
FY2016 174.2% —

Against its own ten years

Low 17.6% High 174.2%
Ten-year median 37.2%
Current reading's percentile 20

Free cash flow margin against peers

Company Free cash flow margin
MELI MercadoLibre, Inc. compare 35.3%
PDD PDD Holdings Inc. Sponsored ADR 24.7%
EBAY eBay Inc. compare 19.5%
SE Sea Limited Sponsored ADR compare 18.8%
DASH DoorDash, Inc. compare 12.9%
BABA Alibaba Group Holding Limited compare 7.52%
W Wayfair Inc. compare 4.36%
JD JD.com, Inc. compare 3.89%
CPNG Coupang, Inc. compare −1.13%
Internet Retail industry median 0.00%
Consumer Cyclical sector median 3.17%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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