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 estimatesFY 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 dataEV | 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 compsFY 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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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 compsFY 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 | |||||
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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 |
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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 multiplesAcquired 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 UpWhen 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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