PDD Holdings Inc. (PDD) — Free Cash Flow Generation Index
PDD Holdings Inc. (PDD) has a Free Cash Flow Generation Index of 1.00x as of September 2025. Free cash flow of $45.66 Billion represents 1% of operating cash flow ($45.66 Billion). Read PDD Holdings Inc. (PDD) financial obligations for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
PDD Holdings Inc. Free Cash Flow Generation Index (2016–2024)
Historical FCF Generation Index trend for PDD Holdings Inc. across 9 annual periods. Explore PDD capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for PDD Holdings Inc. (2016–2024)
Year-by-year Free Cash Flow Generation Index for PDD Holdings Inc.. For the full company profile including market capitalisation, see PDD Holdings Inc. (PDD) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.99x | $120.96 Billion | $121.93 Billion | $967.14 Million | ▼ -0.2% |
| 2023 | 0.99x | $93.58 Billion | $94.16 Billion | $583.88 Million | ▲ +9.3% |
| 2022 | 0.91x | $6.40 Billion | $7.03 Billion | $635.72 Million | ▲ +2.7% |
| 2021 | 0.89x | $25.50 Billion | $28.78 Billion | $3.29 Billion | ▼ -11.3% |
| 2020 | 1.00x | $28.15 Billion | $28.20 Billion | $43.05 Million | ▲ +0.0% |
| 2019 | 1.00x | $14.79 Billion | $14.82 Billion | $27.44 Million | ▲ +0.2% |
| 2018 | 1.00x | $7.74 Billion | $7.77 Billion | $27.33 Million | ▲ +2.5% |
| 2017 | 0.97x | $306.56 Million | $315.48 Million | $8.92 Million | ▼ -2.6% |
| 2016 | 1.00x | $877.48 Million | $879.78 Million | $2.30 Million | — |