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
DateValue
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