PDD Holdings (PDD) Return on Invested Capital (2021 - 2025)
PDD Holdings (PDD) posted Return on Invested Capital of 0.17% for Q4 2025, up 39.43% sequentially from 0.12% in Q3 2025, and down 2.0% YoY from 0.17% in Q4 2024.
PDD Holdings (PDD) Return on Invested Capital (2021 - 2025) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,943.71 Bn | 2,820.72 Bn | 198.88 Bn | - |
| 2 | PDD Holdings | 506.82 Bn | 447.28 Bn | 9.83 Bn | 0.17% |
| 3 | Mercadolibre | 97.26 Bn | 82.07 Bn | 4.16 Bn | 0.00% |
| 4 | DoorDash | 93.44 Bn | 88.09 Bn | 2.35 Bn | - |
| 5 | JD.com | 87.41 Bn | 58.22 Bn | 7.66 Bn | 0.02% |
| 6 | Sea | 77.79 Bn | 69.27 Bn | 3.15 Bn | 0.28% |
| 7 | Ebay | 47.51 Bn | 44.20 Bn | 2.30 Bn | 0.00% |
| 8 | Coupang | 29.61 Bn | 23.50 Bn | 2.49 Bn | 0.00% |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | -1.44% |
| 10 | Wayfair | 13.66 Bn | 12.52 Bn | 1.05 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.17% |
| Sep 30, 2025 | 0.12% |
| Jun 30, 2025 | 0.12% |
| Mar 31, 2025 | 0.13% |
| Dec 31, 2024 | 0.19% |
| Sep 30, 2024 | 0.26% |
| Jun 30, 2024 | 0.20% |
| Mar 31, 2024 | 0.15% |
| Dec 31, 2023 | 0.05% |
| Sep 30, 2023 | 0.03% |
| Jun 30, 2023 | 0.02% |
| Mar 31, 2023 | 0.02% |
| Dec 31, 2022 | 0.02% |
| Sep 30, 2022 | 10.43% |
| Jun 30, 2022 | 7.70% |
| Mar 31, 2022 | 6.87% |
| Dec 31, 2021 | 7.57% |