PDD Holdings (PDD) Return on Invested Capital (2023 - 2026)

PDD Holdings has reported Return on Invested Capital for 5 years, with the latest figure at 0.17% in Q4 2025.

• Quarterly Return on Invested Capital fell 2.0% year-over-year to 0.17% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.17% (down 2.0% YoY) and the FY2025 annual result came in at 0.22%, down 9.0% from the prior year.
• Return on Invested Capital rose to 0.17% in Q4 2025 per PDD's latest filing, from 0.12% in the prior quarter.
• Over five years, Return on Invested Capital peaked at 10.43% in Q3 2022 and troughed at 0.02% in Q1 2023.
• A 5-year average of 2.0% and a median of 0.15% in 2024 frame the typical range for Return on Invested Capital.
• The sharpest annual moves came in 2023 and 2024: Return on Invested Capital slumped 1040 bps in 2023, then rose 23 bps in 2024.
• Over 5 years, Return on Invested Capital stood at 7.57% in 2021, then sank by 100 bps to 0.02% in 2022, then jumped by 128 bps to 0.05% in 2023, then soared by 262 bps to 0.19% in 2024, then decreased by 10 bps to 0.17% in 2025.
• According to Business Quant data, Return on Invested Capital over the past three periods registered 0.17%, 0.12%, and 0.12% for Q4 2025, Q3 2025, and Q2 2025 respectively.