JD.com Financial Ratios
NASDAQ: JDConsumer DiscretionaryOther Specialty StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
JD.com ratio analysis
JD.com earned a net margin of 1.8% in FY 2025, down from 3.9% a year earlier. Gross margin was 16.0% compared with a median of 14.6% over the prior 9 years. Return on equity reached 10.3%, meaning JD.com generated 0.10 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.13 versus 0.14 the year before, and the current ratio was 1.22. At the end of FY 2025, JD traded at 32.1 times earnings; across the 6 fiscal years shown, its year-end P/E ranged from 19.2 to 119.4, with a median of 34.1. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
JD.com financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 32.10 | 19.21 | 27.00 | 119.43 | — | 36.17 | 64.39 | — | — | — |
| Price / sales | 0.45 | 0.67 | 0.59 | 1.16 | 1.46 | 2.32 | 1.34 | 0.95 | 2.12 | 1.90 |
| Price / book | 2.61 | 3.22 | 2.78 | 5.67 | 6.64 | 9.24 | 9.41 | 7.37 | 14.73 | 14.62 |
| Gross margin | 16.0% | 15.9% | 14.7% | 14.1% | 13.6% | 14.6% | 14.6% | 14.3% | 14.0% | 15.2% |
| Operating margin | 0.2% | 3.3% | 2.4% | 1.9% | 0.4% | 1.7% | 1.6% | -0.6% | -0.2% | -0.8% |
| Net margin | 1.8% | 3.9% | 2.1% | 0.9% | -0.5% | 6.6% | 2.1% | -0.6% | -0.0% | -1.5% |
| Free cash flow margin | 0.9% | 4.6% | 5.1% | 5.0% | 3.9% | 5.7% | 3.4% | 2.9% | 5.9% | 2.8% |
| Return on equity (ROE) | 10.3% | 18.7% | 10.0% | 4.5% | -2.1% | 26.3% | 14.5% | -4.7% | -0.0% | -11.2% |
| Return on assets (ROA) | 3.3% | 6.4% | 3.7% | 1.6% | -0.9% | 11.7% | 4.6% | -1.3% | -0.0% | -2.4% |
| Debt / equity | 0.13 | 0.14 | 0.07 | 0.10 | 0.07 | 0.05 | 0.08 | 0.05 | 0.13 | 0.45 |
| Current ratio | 1.22 | 1.29 | 1.16 | 1.32 | 1.35 | 1.35 | 0.99 | 0.87 | 0.97 | 1.02 |
| Revenue growth | 17.9% | 3.9% | 0.7% | 1.6% | 30.6% | 37.9% | 23.3% | 20.7% | 48.6% | 33.9% |
| EPS growth | -50.0% | 72.0% | 127.7% | — | -107.4% | 311.9% | — | — | — | — |