PDD Holdings (PDD) EV to FCF (2018 - 2026)
PDD Holdings' (PDD) quarterly EV to FCF came in at 20.77 in Q2 2026, down 47.57% year-over-year from 39.61 in Q2 2025, and down 57.74% quarter-over-quarter from 49.14 in Q1 2026.
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Analysis
PDD Holdings (PDD) EV to FCF (2018 - 2026) Analysis & Trends
PDD Holdings has disclosed EV to FCF across 9 years of filings, most recently posting 20.77 for Q2 2026.
- In Q2 2026, EV to FCF fell 47.57% year-over-year to 20.77; the TTM figure through Jun 2026 stood at 4.9 (down 46.17% YoY), while the FY2025 annual figure was 8.85, up 25.56% from the prior year.
- EV to FCF came in at 20.77 for Q2 2026 at PDD Holdings, down from 49.14 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 421.24 in Q1 2023 to a low of 2621.28 in Q2 2024.
- Average EV to FCF over 5 years is 94.89, with a median of 32.25 recorded in 2024.
- Year-over-year, EV to FCF surged 1797.61% in 2023 and plunged 12279.47% in 2024.
- Over 5 years, EV to FCF stood at 24.58 in 2022, then soared by 44.35% to 35.49 in 2023, then dropped by 18.24% to 29.02 in 2024, then surged by 35.53% to 39.33 in 2025, then slumped by 47.19% to 20.77 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 20.77 in Q2 2026, 49.14 in Q1 2026, and 39.33 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.60 |
| Mar 31, 2026 | 5.43 |
| Dec 31, 2025 | 10.79 |
| Sep 30, 2025 | 8.02 |
| Jun 30, 2025 | 6.37 |
| Mar 31, 2025 | 6.57 |
| Dec 31, 2024 | 8.00 |
| Sep 30, 2024 | 7.43 |
| Jun 30, 2024 | -2,096.11 |
| Mar 31, 2024 | 7.37 |
| Dec 31, 2023 | 15.22 |
| Sep 30, 2023 | 7.87 |
| Jun 30, 2023 | 6.40 |
| Mar 31, 2023 | 8.03 |
| Dec 31, 2022 | 12.26 |
| Sep 30, 2022 | 8.96 |
| Jun 30, 2022 | 9.66 |
| Mar 31, 2022 | 7.88 |
| Dec 31, 2021 | 15.99 |
| Sep 30, 2021 | 21.17 |
API Access
PDD Holdings EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();