PDD Holdings (PDD) Return on Invested Capital [ROIC] (2023 - 2025)
PDD Holdings' Return on Invested Capital [ROIC] came in at 42.55% for the year ended Dec 31, 2024, up 6.59 percentage points from 35.96% a year earlier.
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Analysis
PDD Holdings (PDD) Return on Invested Capital [ROIC] (2023 - 2025) Analysis & Trends
Going back to the year ended Dec 31, 2021, PDD Holdings' Return on Invested Capital [ROIC] data covers 4 years.
- Return on Invested Capital [ROIC] has increased in each of the last three years, with a three-year change of +32.44 percentage points (years ended Dec 2021 to Dec 2024).
- Per Business Quant, earlier years put Return on Invested Capital [ROIC] at 35.96% in the year ended Dec 31, 2023 (+6.98 pp), 28.98% in the year ended Dec 31, 2022 (+18.87 pp) and 10.11% in the year ended Dec 31, 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 18.61% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 20.90% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 26.42% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 2.38% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 17.38% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 75.49% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | - |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 21.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 24.08% |
| Jun 30, 2025 | 26.17% |
| Mar 31, 2025 | 30.09% |
| Jun 30, 2024 | 41.38% |
| Mar 31, 2024 | 38.47% |
| Dec 31, 2023 | 32.83% |
| Sep 30, 2023 | 27.34% |
| Jun 30, 2023 | 26.21% |
| Mar 31, 2023 | 26.45% |
API Access
PDD Holdings Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();