PDD Holdings (PDD) Equity Ratio (2017 - 2025)
PDD Holdings' (PDD) quarterly Equity Ratio came in at 0.66 in Q4 2025, up 5.76% year-on-year from 0.62 in Q4 2024, and up 102780.48% quarter-over-quarter from 0.0 in Q3 2025.
PDD Holdings (PDD) Equity Ratio (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed Equity Ratio across 9 years of filings, most recently posting 0.66 for Q4 2025.
- Equity Ratio for Q4 2025 came in at 0.66, up 5.76% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.66 (up 5.76% YoY), and the FY2025 annual result was 0.66, up 5.76% from the prior year.
- Equity Ratio came in at 0.66 for Q4 2025 at PDD Holdings, up from 0.0 in the prior quarter.
- In the past five years, Equity Ratio ranged from a high of 524954.71 in Q1 2023 to a low of 0.0 in Q1 2021.
- The 5-year median for Equity Ratio is 0.0 (2025), against an average of 67497.9.
- Across the five-year window, Equity Ratio jumped 115546245494.64% in 2023 and slumped 100.0% in 2024, its largest moves.
- PDD Holdings' Equity Ratio stood at 0.41 in 2021, then rose by 19.82% to 0.5 in 2022, then increased by 8.31% to 0.54 in 2023, then advanced by 15.33% to 0.62 in 2024, then climbed by 5.76% to 0.66 in 2025.
- The last three Equity Ratio figures came in at 0.66 (Q4 2025), 0.0 (Q3 2025), and 0.0 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 0.48 |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 0.16 |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 0.52 |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 0.66 |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 0.25 |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 0.23 |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -0.99 |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 0.68 |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 0.13 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.66 |
| Sep 30, 2025 | 0.00 |
| Jun 30, 2025 | 0.00 |
| Mar 31, 2025 | 0.00 |
| Dec 31, 2024 | 0.62 |
| Sep 30, 2024 | 0.00 |
| Jun 30, 2024 | 0.00 |
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.54 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.00 |
| Mar 31, 2023 | 524,954.71 |
| Dec 31, 2022 | 0.50 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.41 |
| Sep 30, 2021 | 410,618.50 |
| Jun 30, 2021 | 414,382.03 |
| Mar 31, 2021 | 0.00 |