PPD (PPD) Stock Price

PPD Price

Delisted
47.28USD
Last traded price

Revenue has compounded at 15.0% per year over the past 4 years to 4.68 B USD. Earnings per share have declined at 23.9% per year over the last 3 years. PPD's net margin stands at 3.3%, down from 6.8% several years earlier.

PPD stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of PPD over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how PPD stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing PPD's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

PPD Stock Price History
DatePPD Price
Access this data via the Eulerpool API

PPD Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
3.75 B USD
402.24 M USD
104.19 M USD
Jan 1, 2019
4.03 B USD
371.02 M USD
47.82 M USD
Jan 1, 2020
4.68 B USD
509.43 M USD
153.69 M USD
Jan 1, 2021 (e)
6.01 B USD
0.00 USD
567.21 M USD
Jan 1, 2022 (e)
6.41 B USD
0.00 USD
647.74 M USD
Jan 1, 2023 (e)
7.02 B USD
0.00 USD
736.11 M USD
Jan 1, 2024 (e)
7.47 B USD
0.00 USD
830.35 M USD
Jan 1, 2025 (e)
8.03 B USD
0.00 USD
946.02 M USD

PPD Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 5, 2026, 12:18 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
201620172018201920202021e2022e2023e2024e2025e
2.683.003.754.034.686.016.417.027.478.03
12.0224.897.5516.1328.356.699.526.457.51
48.2348.7839.3340.2438.4138.4138.4138.4138.4138.41
1.291.461.471.621.802.312.462.702.873.09
314.00261.00402.00371.00509.00
11.728.7010.739.2010.87
183.00296.00104.0047.00153.00567.00647.00736.00830.00946.00
61.75-64.86-54.81225.53270.5914.1113.7612.7713.98
347.00294.00279.00281.00347.00347.00347.00347.00347.00347.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales PPD generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue PPD retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare PPD's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares PPD has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against PPD's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

PPD stock margins

The PPD margin analysis displays the gross margin, EBIT margin, as well as the profit margin of PPD. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for PPD.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
48.25 %
11.73 %
6.83 %
Jan 1, 2017
48.80 %
8.71 %
9.86 %
Jan 1, 2018
39.32 %
10.73 %
2.78 %
Jan 1, 2019
40.24 %
9.20 %
1.19 %
Jan 1, 2020
38.42 %
10.88 %
3.28 %
Jan 1, 2021 (e)
38.42 %
0.00 %
9.44 %
Jan 1, 2022 (e)
38.42 %
0.00 %
10.10 %
Jan 1, 2023 (e)
38.42 %
0.00 %
10.49 %

PPD Stock Revenue, EBIT, Earnings per Share

The PPD earnings per share therefore indicates how much revenue PPD has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2017
10.21 USD
0.89 USD
1.01 USD
Jan 1, 2018
13.44 USD
1.44 USD
0.37 USD
Jan 1, 2019
14.35 USD
1.32 USD
0.17 USD
Jan 1, 2020
13.49 USD
1.47 USD
0.44 USD
Jan 1, 2021 (e)
17.16 USD
0.00 USD
1.62 USD
Jan 1, 2022 (e)
18.31 USD
0.00 USD
1.85 USD
Jan 1, 2023 (e)
20.05 USD
0.00 USD
2.10 USD

PPD business model & stock analysis

PPD Inc is a global company for medical research and services that was founded in 1985 and is headquartered in Wilmington, North Carolina, USA. The company is known for its ability to conduct clinical trials and develop research programs for the biopharmaceutical and medical industry. PPD is a leading provider of comprehensive, integrated services for phases I-IV of clinical research, from non-interventional studies to contract research for pharmaceutical and biotech clients. PPD's business model is based on three key pillars to provide customers with a broad portfolio of services: the first pillar is comprehensive clinical research required for drug registration with regulatory authorities, the second pillar focuses on providing research-based data and analytical methods to facilitate decision-making and risk assessment in the healthcare sector, and the third pillar encompasses extensive laboratory analyses and diagnostic tests to improve patient health and support research efforts. PPD has multiple divisions focused on specific markets and customers. The Clinical Trials division offers services for drug development up to approval by regulatory authorities, including the setup and monitoring of clinical trials and statistical analysis of test results. The Data Management division provides data capture and management solutions for clinical trials to ensure high data quality and compliance with regulations. The Medical Monitoring division offers medical consultation and monitoring during clinical trials. PPD also has a division for Real World Evidence studies, which collects data from routine clinical practice to assess the safety and efficacy of drugs. PPD has made some important acquisitions in the past to strengthen its presence in the industry. In 2011, PPD was acquired by private equity firms Carlyle Group and Hellman & Friedman, becoming a private company. In 2020, PPD went public. In 2018, PPD acquired Evidera, a company specializing in clinical epidemiology and outcomes research. In 2019, PPD acquired Q-Squared Solutions, expanding its extensive laboratory analysis and diagnostic testing capabilities. PPD's offerings include a wide range of products and services, including unique planning and implementation solutions that enable efficient conduct of clinical trials. These solutions also include electronic data capture and management systems, as well as statistical analysis tools. PPD also offers specialized services, such as training programs for clinical investigators and staff. PPD aims to enable safe, faster, and cost-effective drug development through clinical research. In the future, PPD will continue to expand its business model and services to meet the needs of its customers in the changing industry and support innovative research programs.

PPD SWOT Analysis

Strengths

PPD Inc. possesses several key strengths that contribute to its success and competitive advantage:

  • Strong reputation and brand recognition in the industry.
  • Diverse portfolio of products and services, catering to various market segments.
  • Well-established distribution network, ensuring wide market coverage.
  • Highly skilled and experienced workforce, fostering innovation and efficiency.

Weaknesses

Despite its strengths, PPD Inc. also faces certain weaknesses that pose challenges:

  • Reliance on a limited number of key customers, increasing vulnerability to changes in their preferences or market conditions.
  • Higher operational costs compared to some competitors.
  • Limited geographic reach, potentially missing out on untapped markets.
  • Integration and communication challenges across different departments and divisions within the organization.

Opportunities

PPD Inc. has identified several opportunities that it can capitalize on:

  • Expanding into emerging markets with high growth potential.
  • Developing new and innovative products to meet evolving customer needs.
  • Acquiring smaller competitors to strengthen market position and increase market share.
  • Forming strategic partnerships or collaborations to access new technologies or markets.

Threats

PPD Inc. also faces certain threats that may impact its growth and profitability:

  • Intense competition from existing and new players in the market.
  • Changing regulatory landscapes and compliance requirements.
  • Economic downturns or fluctuations, affecting customer spending and demand.
  • Rapid technological advancements, necessitating continuous adaptation and investment.

PPD Employees

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  • Max

PPD Employees
Details
Date
PPD Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees

PPD Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

PPD historical P/E ratio, EBIT multiple, and P/S ratio

PPD annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

PPD shares outstanding

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
350.13 M Stocks
Jan 1, 2017
294.00 M Stocks
Jan 1, 2018
279.00 M Stocks
Jan 1, 2019
281.00 M Stocks
Jan 1, 2020
347.00 M Stocks
Jan 1, 2021 (e)
347.00 M Stocks
Jan 1, 2022 (e)
347.00 M Stocks
Jan 1, 2023 (e)
347.00 M Stocks
Price targets and forecasts for PPD are not yet available.

PPD Analyst Rating Actions

DateFirmActionRatingReliability
4/28/2021
JP Morgan
JP Morgan
DowngradeOverweightNeutral59
4/20/2021
Jefferies
Jefferies
DowngradeBuyHold56
4/19/2021
Credit Suisse
Credit Suisse
DowngradeOutperformNeutral72
4/19/2021
Citigroup
Citigroup
DowngradeBuyNeutral48
4/16/2021
William Blair
William Blair
DowngradeOutperformPerform
4/16/2021
Truist Securities
Truist Securities
DowngradeBuyHold
4/16/2021
Keybanc
Keybanc
DowngradeOverweightEqual Weight43
4/16/2021
Deutsche Bank
Deutsche Bank
DowngradeBuyHold54
4/15/2021
Baird
Baird
DowngradeOutperformNeutral62
3/3/2021
Barclays
Barclays
MaintainedOverweight57

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

PPD Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
3/1/20220.45USD-1.49 BUSD-2021 Q4
10/27/20210.38USD-1.43 BUSD-2021 Q3
7/28/20210.34USD-1.34 BUSD-2021 Q2
4/27/20210.32USD-1.31 BUSD-2021 Q1
2/23/20210.36USD-1.30 BUSD-2020 Q4
10/27/20200.32USD-1.15 BUSD-2020 Q3
8/4/20200.22USD-939.49 MUSD-2020 Q2
5/6/20200.22USD-1.05 BUSD-2020 Q1
3/4/20200.27USD-1.06 BUSD-2019 Q4

PPD shareholder structure

% Name
22.02569%
H&F Globe Investor LP
H&F Globe Investor LP
15.91487%
The Carlyle Group
The Carlyle Group
15.91487%
H&F Corporate Investors VIII Ltd
H&F Corporate Investors VIII Ltd
3.42223%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.03887%
Pentwater Capital Management LP
Pentwater Capital Management LP
1.66822%
Goldman Sachs & Company, Inc.
Goldman Sachs & Company, Inc.
...

PPD Beneficial Ownership Filings (SEC 13D/G)

StakeHolderFiling
22.10%
H&F Corporate Investors VII, Ltd.
H&F Corporate Investors VII, Ltd.
SEC ↗
22.10%
Hellman & Friedman Investors VII, L.P.
Hellman & Friedman Investors VII, L.P.
SEC ↗
15.90%
H&F Corporate Investors VIII, Ltd.
H&F Corporate Investors VIII, Ltd.
SEC ↗
15.90%
Hellman & Friedman Investors VIII, L.P.
Hellman & Friedman Investors VIII, L.P.
SEC ↗
15.10%
Wildcat Acquisition Holdings (UK) Limited
Wildcat Acquisition Holdings (UK) Limited
SEC ↗
15.10%
PPD, Inc.
PPD, Inc.
SEC ↗
15.10%
Pharmaceutical Product Development, LLC
Pharmaceutical Product Development, LLC
SEC ↗
15.10%
Jaguar Holding Company I, LLC
Jaguar Holding Company I, LLC
SEC ↗
15.10%
Jaguar Holding Company II
Jaguar Holding Company II
SEC ↗
15.10%
Eagle Holding Company II, LLC
Eagle Holding Company II, LLC
SEC ↗

Frequently asked questions about PPD

PPD Inc is a leading global contract research organization (CRO) providing comprehensive, integrated drug development and laboratory services. Their business model revolves around offering end-to-end solutions to pharmaceutical and biotech companies, guiding them through the entire drug development process. PPD Inc offers a wide range of services including clinical research, data management, biostatistics, and regulatory affairs. With a focus on quality, efficiency, and innovation, PPD Inc helps clients accelerate the development of life-changing therapies. Through their extensive expertise, efficient processes, and strategic partnerships, PPD Inc plays a crucial role in advancing healthcare outcomes and bringing new treatments to patients worldwide.

PPD Inc is primarily active in the pharmaceutical and biotechnology industries.

The main competitors of PPD Inc in the market include QuintilesIMS, LabCorp, Icon, and Covance.

PPD Inc is a leading global contract research organization (CRO) specializing in drug development, laboratory services, and clinical trial management. Founded in 1985, PPD has a rich history and a strong background in providing innovative solutions to the pharmaceutical, biotechnology, and medical device industries. The company offers a comprehensive range of services, including early development, clinical research, laboratory services, and post-approval studies. PPD Inc has established itself as a trusted partner for the life sciences industry, delivering high-quality results, efficiency, and expertise in advancing healthcare solutions. With a global presence and a team of experienced professionals, PPD continues to be at the forefront of advancing clinical research and improving patient outcomes.

PPD Inc has achieved significant milestones throughout its history. Some noteworthy achievements include successfully conducting over 230,000 clinical trials, establishing a global presence in more than 46 countries, and consistently delivering innovative solutions to the life sciences industry. The company has also been recognized for its exceptional expertise in clinical research, data management, and regulatory affairs. PPD Inc's commitment to quality and customer satisfaction has enabled it to be a reliable partner for pharmaceutical, biotechnology, and medical device companies worldwide. With its strong track record and industry leadership, PPD Inc continues to make significant strides in advancing healthcare and improving patient outcomes.

PPD Inc primarily operates in over 50 countries and regions worldwide. With a strong global presence, the company offers its comprehensive range of clinical research and laboratory services to clients across various industries. PPD Inc's key markets include the United States, Europe, Asia Pacific, and Latin America. The company's extensive network and expertise allow it to effectively serve clients on a global scale, helping them navigate the complexities of drug development and deliver innovative solutions. PPD Inc's commitment to expanding its presence in emerging markets reinforces its position as a leading provider of life sciences services worldwide.

PPD Inc represents a strong set of values and a clear corporate philosophy. The company focuses on delivering exceptional customer service, fostering a culture of innovation, and maintaining the highest standards of integrity. PPD Inc aims to provide reliable and efficient solutions in the fields of healthcare and clinical research. With its commitment to excellence, PPD Inc strives to deliver value to its clients and contribute to better patient outcomes. The company's dedication to these principles has established it as a trusted leader in the industry, making PPD Inc a go-to choice for businesses and individuals seeking reliable healthcare and clinical research services.

Converted at the current exchange rate, the PPD share trades at 40.69 EUR (47.28 USD).

The PPD share (PPD) is listed on 1 stock exchanges, including: NASDAQ (PPD).

PPD Inc is an international pharmaceutical company headquartered in the USA with branches in Europe, Asia, Africa, and Australia. The company operates in the areas of clinical research, pharmacovigilance, laboratory services, and consulting, offering comprehensive solutions to its clients for the development, approval, and monitoring of drugs and medical devices. One of PPD's main divisions is clinical research. The company works closely with pharmaceutical and biotechnology companies, as well as academic research institutions, to conduct clinical trials. PPD provides all the necessary services for conducting a clinical trial, from study design to subject recruitment, data analysis, and reporting. PPD has extensive experience in all phases of clinical research, from Phase I to Phase IV, and has successfully brought numerous drugs to market in the past. Another important division of PPD is pharmacovigilance. Here, the company collects and analyzes data on adverse drug reactions and provides recommendations for risk minimization. PPD works closely with regulatory authorities worldwide to ensure that all data on adverse drug reactions are accurately recorded and analyzed. In addition, PPD offers laboratory services. The company's portfolio includes a wide range of laboratory tests, including bioanalytical tests and safety tests. PPD has extensive expertise in analyzing biological samples, including blood, urine, saliva, and stool samples. The company specializes in identifying molecular markers that are important for disease diagnosis or monitoring therapy success. PPD also offers comprehensive consulting services. Here, the company supports its clients in the development of new therapies and drugs and provides recommendations for optimizing study design and methods. PPD has extensive experience in working with the FDA and other regulatory authorities worldwide, developing strategies for risk minimization and compliance with regulatory requirements. PPD offers a wide range of products and services specifically tailored to the needs of pharmaceutical and biotechnology companies. The company is committed to offering innovative solutions to its clients to accelerate the development of new drugs and therapies. To this end, PPD has made significant investments in its research and development activities in recent years and works closely with customers and partners to develop new and innovative treatment options. Overall, PPD's business model is oriented towards the needs of the pharmaceutical and biotechnology industry. The company offers comprehensive solutions to its clients for the development, approval, and monitoring of drugs and medical devices. PPD is a key partner for innovation in drug development and has successfully brought numerous therapies and drugs to market in the past.

The revenue cannot currently be calculated for PPD.

The profit cannot currently be calculated for PPD.

The P/E ratio cannot be calculated for PPD at the moment.

The P/S cannot be calculated for PPD currently.

The Eulerpool Quality Score for PPD is 3/10.

The ISIN of PPD is US69355F1021. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of PPD is A2PX5V. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of PPD is PPD. The ticker symbol is used to trade PPD shares on the stock exchange.

PPD paid dividends every year for the past 0 years.

PPD is assigned to the 'Health' sector.

The dividends of PPD are distributed in USD.

All fundamentals and in-depth analysis of PPD

Our stock analysis for PPD stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of PPD. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.