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PDD Holdings (PDD) Ratios
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PDD Holdings Ratios
PDD's free cash flow for Q2 2026 was ¥25.67B. For the 2026 fiscal year, PDD's free cash flow was increased by ¥0.00 and operating cash flow was ¥25.67B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.45 | 2.21 | 1.93 | 1.85 | 1.72 |
| Quick Ratio | 2.45 | 2.20 | 1.93 | 1.85 | 1.72 |
| Cash Ratio | 0.86 | 0.31 | 0.39 | 0.29 | 0.07 |
| Solvency Ratio | 0.47 | 0.59 | 0.38 | 0.28 | 0.09 |
| Operating Cash Flow Ratio | 0.50 | 0.65 | 0.62 | 0.06 | 0.31 |
| Short-Term Operating Cash Flow Coverage | 42.77 | 22.96 | 145.18 | 0.51 | 0.00 |
| Net Current Asset Value | ¥ 304.04B | ¥ 223.93B | ¥ 133.91B | ¥ 97.27B | ¥ 54.81B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.01 | 0.02 | 0.03 | 0.07 | 0.07 |
| Debt-to-Equity Ratio | 0.01 | 0.03 | 0.05 | 0.14 | 0.17 |
| Debt-to-Capital Ratio | 0.01 | 0.03 | 0.05 | 0.13 | 0.15 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.03 | 0.01 | 0.14 |
| Financial Leverage Ratio | 1.52 | 1.61 | 1.86 | 2.01 | 2.41 |
| Debt Service Coverage Ratio | 40.28 | 21.31 | 68.78 | 2.00 | 5.25 |
| Interest Coverage Ratio | 0.00 | 0.00 | 1334.46 | 588.56 | 5.60 |
| Debt to Market Cap | 0.00 | 0.01 | 0.00 | 0.02 | 0.03 |
| Interest Debt Per Share | 3.85 | 7.66 | 7.54 | 13.43 | 11.16 |
| Net Debt to EBITDA | -1.45 | -0.35 | -0.83 | -0.53 | 0.75 |
| Profitability Margins | |||||
| Gross Profit Margin | 56.28% | 60.92% | 62.96% | 75.90% | 66.24% |
| EBIT Margin | 27.66% | 33.69% | 23.70% | 23.29% | 7.34% |
| EBITDA Margin | 28.35% | 33.87% | 24.02% | 24.99% | 8.93% |
| Operating Profit Margin | 21.56% | 27.53% | 23.70% | 23.29% | 7.34% |
| Pretax Profit Margin | 27.69% | 33.69% | 29.02% | 27.78% | 10.33% |
| Net Profit Margin | 22.66% | 28.55% | 24.24% | 24.16% | 8.27% |
| Continuous Operations Profit Margin | 22.66% | 28.55% | 24.24% | 24.16% | 8.27% |
| Net Income Per EBT | 81.83% | 84.73% | 83.51% | 86.97% | 80.07% |
| EBT Per EBIT | 128.43% | 122.39% | 122.45% | 119.28% | 140.68% |
| Return on Assets (ROA) | 15.52% | 22.26% | 17.25% | 13.30% | 4.29% |
| Return on Equity (ROE) | 23.57% | 35.89% | 32.06% | 26.78% | 10.34% |
| Return on Capital Employed (ROCE) | 22.27% | 34.24% | 30.07% | 25.29% | 7.88% |
| Return on Invested Capital (ROIC) | 18.11% | 28.35% | 24.83% | 19.63% | 6.28% |
| Return on Tangible Assets | 15.52% | 22.26% | 17.25% | 13.31% | 4.30% |
| Earnings Yield | 8.83% | 11.48% | 4.29% | 4.43% | 1.67% |
| Efficiency Ratios | |||||
| Receivables Turnover | 28.18 | 32.41 | 33.33 | 38.95 | 27.02 |
| Payables Turnover | 1.76 | 1.28 | 1.00 | 0.47 | 0.49 |
| Inventory Turnover | 0.00 | 96.23 | -767.85 | 0.00 | 2234.30 |
| Fixed Asset Turnover | 69.95 | 66.26 | 48.70 | 53.05 | 29.90 |
| Asset Turnover | 0.68 | 0.78 | 0.71 | 0.55 | 0.52 |
| Working Capital Turnover Ratio | 1.62 | 2.13 | 2.05 | 1.56 | 1.41 |
| Cash Conversion Cycle | -194.82 | -269.39 | -355.24 | -771.34 | -728.13 |
| Days of Sales Outstanding | 12.95 | 11.26 | 10.95 | 9.37 | 13.51 |
| Days of Inventory Outstanding | 0.00 | 3.79 | -0.48 | 0.00 | 0.16 |
| Days of Payables Outstanding | 207.78 | 284.45 | 365.71 | 780.71 | 741.80 |
| Operating Cycle | 12.95 | 15.06 | 10.48 | 9.37 | 13.67 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 76.51 | 88.10 | 69.54 | 5.56 | 22.97 |
| Free Cash Flow Per Share | 75.69 | 87.40 | 69.11 | 5.06 | 20.35 |
| Dividend Paid and CapEx Coverage Ratio | 93.39 | 126.07 | 161.27 | 11.06 | 8.76 |
| Capital Expenditure Coverage Ratio | 93.39 | 126.07 | 161.27 | 11.06 | 8.76 |
| Operating Cash Flow Coverage Ratio | 19.87 | 11.50 | 9.26 | 0.42 | 2.26 |
| Operating Cash Flow to Sales Ratio | 0.25 | 0.31 | 0.38 | 0.05 | 0.31 |
| Free Cash Flow Yield | 9.55% | 12.35% | 6.69% | 0.90% | 5.49% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 11.46 | 8.71 | 23.32 | 22.55 | 59.74 |
| Price-to-Sales (P/S) Ratio | 2.57 | 2.49 | 5.65 | 5.45 | 4.94 |
| Price-to-Book (P/B) Ratio | 2.67 | 3.13 | 7.47 | 6.04 | 6.18 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 10.48 | 8.10 | 14.96 | 111.17 | 18.20 |
| Price-to-Operating Cash Flow Ratio | 10.36 | 8.04 | 14.86 | 101.12 | 16.12 |
| Price-to-Earnings Growth (PEG) Ratio | -0.77 | 0.10 | 0.30 | 0.07 | -0.29 |
| Enterprise Value Multiple | 7.60 | 6.99 | 22.69 | 21.26 | 56.05 |
| Enterprise Value | 930.78B | 932.60B | 1.35T | 693.78B | 470.41B |
| EV to EBITDA | 7.60 | 6.99 | 22.69 | 21.26 | 56.05 |
| EV to Sales | 2.16 | 2.37 | 5.45 | 5.31 | 5.01 |
| EV to Free Cash Flow | 8.80 | 7.71 | 14.43 | 108.45 | 18.45 |
| EV to Operating Cash Flow | 8.70 | 7.65 | 14.34 | 98.65 | 16.34 |
| Tangible Book Value Per Share | 297.02 | 226.37 | 138.27 | 93.04 | 59.38 |
| Shareholders’ Equity Per Share | 297.03 | 226.38 | 138.29 | 93.14 | 59.94 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.18 | 0.15 | 0.16 | 0.13 | 0.20 |
| Revenue Per Share | 308.96 | 284.56 | 182.89 | 103.26 | 74.97 |
| Net Income Per Share | 70.00 | 81.24 | 44.33 | 24.94 | 6.20 |
| Tax Burden | 0.82 | 0.85 | 0.84 | 0.87 | 0.80 |
| Interest Burden | 1.00 | 1.00 | 1.22 | 1.19 | 1.41 |
| Research & Development to Revenue | 0.04 | 0.03 | 0.04 | 0.08 | 0.10 |
| SG&A to Revenue | 0.31 | 0.30 | 0.02 | 0.03 | 0.02 |
| Stock-Based Compensation to Revenue | 0.02 | 0.03 | 0.03 | 0.06 | 0.05 |
| Income Quality | 1.09 | 1.08 | 1.57 | 0.22 | 3.71 |
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