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PDD Holdings operates commerce businesses in over 80 countries globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
2015
17.4K+
LTM Revenue $7.9B
LTM EBITDA $2.2B
$87.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
PDD Holdings has a last 12-month revenue of $7.9B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, PDD Holdings achieved revenue of $248B and an EBITDA of $73.8B.
PDD Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See PDD Holdings valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $131B | $248B | XXX | XXX | XXX |
| Gross Profit | $62.2B | $99.1B | XXX | XXX | XXX |
| Gross Margin | 48% | 40% | XXX | XXX | XXX |
| EBITDA | $39.2B | $73.8B | XXX | XXX | XXX |
| EBITDA Margin | 30% | 30% | XXX | XXX | XXX |
| Net Profit | $7.8B | $31.5B | XXX | XXX | XXX |
| Net Margin | 6% | 13% | XXX | XXX | XXX |
| Net Debt | $5.4B | n/a | XXX | XXX | XXX |
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As of April 15, 2025, PDD Holdings's stock price is $95.
PDD Holdings has current market cap of $132B, and EV of $87.6B.
See PDD Holdings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $87.6B | $132B | XXX | XXX | XXX | XXX | $11.62 |
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Sign UpAs of April 15, 2025, PDD Holdings has market cap of $132B and EV of $87.6B.
PDD Holdings's trades at 1.5x LTM EV/Revenue multiple, and 5.4x LTM EBITDA.
Analysts estimate PDD Holdings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for PDD Holdings and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $87.6B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 1.2x | XXX | XXX | XXX |
| P/E | 2.2x | XXX | XXX | XXX |
| P/E/Growth | -0.1x | XXX | XXX | XXX |
| EV/FCF | 0.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpPDD Holdings's NTM/LTM revenue growth is 19%
PDD Holdings's revenue per employee for the last fiscal year averaged $14.2M, while opex per employee averaged $5.6M for the same period.
Over next 12 months, PDD Holdings's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate PDD Holdings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for PDD Holdings and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 90% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 88% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 49% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $14.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $5.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 33% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 39% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Adore Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Kogan.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Temple & Webster | XXX | XXX | XXX | XXX | XXX | XXX |
| BIKE24 | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
PDD Holdings acquired XXX companies to date.
Last acquisition by PDD Holdings was XXXXXXXX, XXXXX XXXXX XXXXXX . PDD Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was PDD Holdings founded? | PDD Holdings was founded in 2015. |
| Where is PDD Holdings headquartered? | PDD Holdings is headquartered in United States of America. |
| How many employees does PDD Holdings have? | As of today, PDD Holdings has 17.4K+ employees. |
| Who is the CEO of PDD Holdings? | PDD Holdings's CEO is Mr. Lei Chen. |
| Is PDD Holdings publicy listed? | Yes, PDD Holdings is a public company listed on NAS. |
| What is the stock symbol of PDD Holdings? | PDD Holdings trades under PDD ticker. |
| When did PDD Holdings go public? | PDD Holdings went public in 2018. |
| Who are competitors of PDD Holdings? | Similar companies to PDD Holdings include e.g. Brillia Inc, Adore Beauty, Kogan.com, Temple & Webster. |
| What is the current market cap of PDD Holdings? | PDD Holdings's current market cap is $132B |
| What is the current revenue of PDD Holdings? | PDD Holdings's last 12-month revenue is $7.9B. |
| What is the current EBITDA of PDD Holdings? | PDD Holdings's last 12-month EBITDA is $2.2B. |
| What is the current EV/Revenue multiple of PDD Holdings? | Current revenue multiple of PDD Holdings is 1.5x. |
| What is the current EV/EBITDA multiple of PDD Holdings? | Current EBITDA multiple of PDD Holdings is 5.4x. |
| What is the current revenue growth of PDD Holdings? | PDD Holdings revenue growth between 2023 and 2024 was 90%. |
| Is PDD Holdings profitable? | Yes, PDD Holdings is EBITDA-positive (as of the last 12 months). |
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