PDD Holdings (PDD) EV to FCF (2018 - 2026)
PDD Holdings' (PDD) EV to FCF stood at 2.60 in the quarter ended Jun 30, 2026, down 59.2% from 6.37 a year earlier and down 52.1% from the prior quarter.
Powered by 
Analysis
PDD Holdings (PDD) EV to FCF (2018 - 2026) Analysis & Trends
On a TTM basis, PDD Holdings' EV to FCF came in at -8.98 as of Jun 30, 2026; for the year ended Dec 31, 2025, it came in at 10.55, up 32.6% from the prior year.
- Across earlier years, EV to FCF came in at 7.96 in the year ended Dec 31, 2024 (-47.3%), 15.11 in the year ended Dec 31, 2023 (+42.3%), 10.62 in the year ended Dec 31, 2022 (-34.0%) and 16.09 in the year ended Dec 31, 2021 (-68.2%).
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly EV to FCF since the quarter ended Jun 30, 2024.
- On a year-over-year basis, EV to FCF rose in two of the last seven quarters, with an average decline of 13.9%.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 34.9% in the quarter ended Dec 31, 2025, against a decline of 79.8% in the quarter ended Mar 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.43 (quarter ended Mar 31, 2026), 10.79 (quarter ended Dec 31, 2025) and 8.02 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.59 |
| Mar 31, 2026 | 5.42 |
| Dec 31, 2025 | 10.79 |
| Sep 30, 2025 | 8.00 |
| Jun 30, 2025 | 7.05 |
| Mar 31, 2025 | 7.13 |
| Dec 31, 2024 | 8.00 |
| Sep 30, 2024 | 7.85 |
| Jun 30, 2024 | -2,088.00 |
| Mar 31, 2024 | 7.91 |
| Dec 31, 2023 | 15.22 |
| Sep 30, 2023 | 8.55 |
| Jun 30, 2023 | 7.31 |
| Mar 31, 2023 | 8.90 |
| Dec 31, 2022 | 12.20 |
| Sep 30, 2022 | 10.33 |
| Jun 30, 2022 | 11.09 |
| Mar 31, 2022 | 9.80 |
| Dec 31, 2021 | 15.96 |
| Sep 30, 2021 | 23.26 |
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();