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PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
2015
17.4K+
LTM Revenue $8.0B
LTM EBITDA $2.3B
$129B
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 $8.0B and a last 12-month EBITDA of $2.3B.
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 | $248B | $55.0B | XXX | XXX | XXX |
| Gross Profit | $62.2B | $99.1B | XXX | XXX | XXX |
| Gross Margin | 25% | 180% | XXX | XXX | XXX |
| EBITDA | $73.8B | $16.0B | XXX | XXX | XXX |
| EBITDA Margin | 30% | 29% | XXX | XXX | XXX |
| Net Profit | $7.8B | $31.5B | XXX | XXX | XXX |
| Net Margin | 3% | 57% | XXX | XXX | XXX |
| Net Debt | $5.4B | n/a | XXX | XXX | XXX |
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As of March 14, 2025, PDD Holdings's stock price is $123.
PDD Holdings has current market cap of $170B, and EV of $129B.
See PDD Holdings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $129B | $170B | XXX | XXX | XXX | XXX | $11.67 |
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Sign UpAs of March 14, 2025, PDD Holdings has market cap of $170B and EV of $129B.
PDD Holdings's trades at 2.2x LTM EV/Revenue multiple, and 7.8x 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 | $129B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 8.1x | XXX | XXX | XXX |
| P/E | 10.9x | XXX | XXX | XXX |
| P/E/Growth | 0.6x | XXX | XXX | XXX |
| EV/FCF | 5.9x | 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 24%
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 | -78% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -78% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 53% | 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 $170B |
| What is the current revenue of PDD Holdings? | PDD Holdings's last 12-month revenue is $8.0B. |
| What is the current EBITDA of PDD Holdings? | PDD Holdings's last 12-month EBITDA is $2.3B. |
| What is the current EV/Revenue multiple of PDD Holdings? | Current revenue multiple of PDD Holdings is 2.2x. |
| What is the current EV/EBITDA multiple of PDD Holdings? | Current EBITDA multiple of PDD Holdings is 7.8x. |
| What is the current revenue growth of PDD Holdings? | PDD Holdings revenue growth between 2023 and 2024 was -78%. |
| Is PDD Holdings profitable? | Yes, PDD Holdings is EBITDA-positive (as of the last 12 months). |
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