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 | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 16.69% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 21.70% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 29.22% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.39% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 12.36% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 74.11% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 75.14% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 24.00% |
| Jun 30, 2025 | 26.25% |
| Mar 31, 2025 | 30.43% |
| Jun 30, 2024 | 41.43% |
| Mar 31, 2024 | 38.03% |
| Dec 31, 2023 | 32.40% |
| Sep 30, 2023 | 27.56% |
| Jun 30, 2023 | 26.15% |
| Mar 31, 2023 | 25.92% |
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();