Is the business good?
How good a business is PDD?
PDD Holdings Inc. keeps 22% of every revenue dollar as operating profit, against 7.6% for the median Internet Retail name.
22%
Operating margin · Internet Retail median 7.6% · fiscal year to FY2025
- Share count, year on year
- +0.22%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 3.8%
R&D as % of revenue
- Gross margin
- 56%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −16% |
| FY2021 | 7.3% |
| FY2022 | 23% |
| FY2023 | 24% |
| FY2024 | 28% |
| FY2025 | 22% |
Details›
- Gross marginfiscal year to FY2025
- 56%
- Operating marginfiscal year to FY2025
- 22%
- Net marginfiscal year to FY2025
- 23%
- R&D as % of revenue
- 3.8%
- Revenue, trailing twelve months
- $431.8B
- Net income, trailing twelve months
- $97.8B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Internet Retail
Ranks #1 of 18 by Smart Score