YMM
Full Truck Alliance Co. Ltd.
Software - Application
Market Cap$19.02B
5Y Perf.-56.2%
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Stock Comparison
YMM vs GRAB
Revenue, margins, valuation, and 5-year total return — side by side.
GRAB
Grab Holdings Limited
Software - Application
Market Cap$15.06B
5Y Perf.-67.6%
YMM vs GRAB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | YMM | GRAB |
|---|---|---|
| Industry | Software - Application | Software - Application |
| Market Cap | $19.02B | $15.06B |
| Revenue (TTM) | $12.14B | $3.55B |
| Net Income (TTM) | $4.18B | $379M |
| Gross Margin | 71.3% | 43.5% |
| Operating Margin | 32.4% | 5.7% |
| Forward P/E | 1.9x | 34.6x |
| Total Debt | $65M | $2.05B |
| Cash & Equiv. | $5.81B | $3.43B |
YMM vs GRAB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
YMM
GRAB
| Stock | Jun 21 | May 26 | Return |
|---|---|---|---|
| Full Truck Alliance… (YMM) | 100 | 43.8 | -56.2% |
| Grab Holdings Limit… (GRAB) | 100 | 32.4 | -67.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: YMM vs GRAB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: YMM leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Grab Holdings Limited is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
YMM
Full Truck Alliance Co. Ltd.
The Growth Play
YMM carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 33.2%, EPS growth 47.0%, 3Y rev CAGR 34.1%
- -56.6% 10Y total return vs GRAB's -68.1%
- Lower volatility, beta 1.50, Low D/E 0.2%, current ratio 9.03x
Best for: growth exposure and long-term compounding
GRAB
Grab Holdings Limited
The Income Pick
GRAB is the clearest fit if your priority is income & stability and defensive.
- beta 1.42
- Beta 1.42, current ratio 1.75x
- Beta 1.42 vs YMM's 1.50
Best for: income & stability and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | YMM | 33.2% revenue growth vs GRAB's 20.5% |
| Value | YMM | Lower P/E (1.9x vs 34.6x) |
| Quality / Margins | YMM | 34.4% margin vs GRAB's 10.7% |
| Stability / Safety | GRAB | Beta 1.42 vs YMM's 1.50 |
| Dividends | YMM | 1.7% yield; 1-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | GRAB | -21.7% vs YMM's -21.9% |
| Efficiency (ROA) | YMM | 10.0% ROA vs GRAB's 3.3%, ROIC 6.0% vs 3.3% |
YMM vs GRAB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
YMM vs GRAB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLYMMLAGGINGGRAB
GRABGrab Holdings Limited
0leads
YMMFull Truck Alliance C…
4leads
6 Total Categories
CATEGORYLEADERvs GRABMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
YMM5/6
Valuation MetricsMultiples, price ratios, and targets
YMM4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
YMM8/8
Total Returns1Y, 3Y, 5Y total returns with dividends
YMM5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
YMM leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
YMM is the larger business by revenue, generating $12.1B annually — 3.4x GRAB's $3.6B. YMM is the more profitable business, keeping 34.4% of every revenue dollar as net income compared to GRAB's 10.7%. On growth, GRAB holds the edge at +23.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | YMMFull Truck Allian… | GRABGrab Holdings Lim… |
|---|---|---|
| RevenueTrailing 12 months | $12.1B | $3.6B |
| EBITDAEarnings before interest/tax | $4.0B | $395M |
| Net IncomeAfter-tax profit | $4.2B | $379M |
| Free Cash FlowCash after capex | $0 | -$88M |
| Gross MarginGross profit ÷ Revenue | +71.3% | +43.5% |
| Operating MarginEBIT ÷ Revenue | +32.4% | +5.7% |
| Net MarginNet income ÷ Revenue | +34.4% | +10.7% |
| FCF MarginFCF ÷ Revenue | +25.8% | -2.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.2% | +23.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +29.4% | +2.1% |
YMM leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
YMM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 20.6x trailing earnings, YMM trades at a 65% valuation discount to GRAB's 59.5x P/E. On an enterprise value basis, GRAB's 36.1x EV/EBITDA is more attractive than YMM's 48.4x.
| Metric | YMMFull Truck Allian… | GRABGrab Holdings Lim… |
|---|---|---|
| Market CapShares × price | $19.0B | $15.1B |
| Enterprise ValueMkt cap + debt − cash | $18.2B | $13.7B |
| Trailing P/EPrice ÷ TTM EPS | 20.65x | 59.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.94x | 34.64x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 48.44x | 36.09x |
| Price / SalesMarket cap ÷ Revenue | 11.52x | 4.47x |
| Price / BookPrice ÷ Book value/share | 1.66x | 2.36x |
| Price / FCFMarket cap ÷ FCF | 44.70x | 112.36x |
YMM leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
YMM leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
YMM delivers a 10.9% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $6 for GRAB. YMM carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to GRAB's 0.30x. On the Piotroski fundamental quality scale (0–9), YMM scores 8/9 vs GRAB's 4/9, reflecting strong financial health.
| Metric | YMMFull Truck Allian… | GRABGrab Holdings Lim… |
|---|---|---|
| ROE (TTM)Return on equity | +10.9% | +5.8% |
| ROA (TTM)Return on assets | +10.0% | +3.3% |
| ROICReturn on invested capital | +6.0% | +3.3% |
| ROCEReturn on capital employed | +6.7% | +2.9% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 4 |
| Debt / EquityFinancial leverage | 0.00x | 0.30x |
| Net DebtTotal debt minus cash | -$5.7B | -$1.4B |
| Cash & Equiv.Liquid assets | $5.8B | $3.4B |
| Total DebtShort + long-term debt | $65M | $2.1B |
| Interest CoverageEBIT ÷ Interest expense | — | 2.96x |
YMM leads this category, winning 8 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
YMM leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in YMM five years ago would be worth $4,339 today (with dividends reinvested), compared to $3,248 for GRAB. Over the past 12 months, GRAB leads with a -21.7% total return vs YMM's -21.9%. The 3-year compound annual growth rate (CAGR) favors YMM at 16.6% vs GRAB's 4.3% — a key indicator of consistent wealth creation.
| Metric | YMMFull Truck Allian… | GRABGrab Holdings Lim… |
|---|---|---|
| YTD ReturnYear-to-date | -20.1% | -25.4% |
| 1-Year ReturnPast 12 months | -21.9% | -21.7% |
| 3-Year ReturnCumulative with dividends | +58.4% | +13.5% |
| 5-Year ReturnCumulative with dividends | -56.6% | -67.5% |
| 10-Year ReturnCumulative with dividends | -56.6% | -68.1% |
| CAGR (3Y)Annualised 3-year return | +16.6% | +4.3% |
YMM leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — YMM and GRAB each lead in 1 of 2 comparable metrics.
Risk & Volatility
GRAB is the less volatile stock with a 1.42 beta — it tends to amplify market swings less than YMM's 1.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. YMM currently trades 63.4% from its 52-week high vs GRAB's 57.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | YMMFull Truck Allian… | GRABGrab Holdings Lim… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.50x | 1.42x |
| 52-Week HighHighest price in past year | $14.07 | $6.62 |
| 52-Week LowLowest price in past year | $8.04 | $3.48 |
| % of 52W HighCurrent price vs 52-week peak | +63.4% | +57.3% |
| RSI (14)Momentum oscillator 0–100 | 61.8 | 46.6 |
| Avg Volume (50D)Average daily shares traded | 6.0M | 48.1M |
Evenly matched — YMM and GRAB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates YMM as "Buy" and GRAB as "Buy". Consensus price targets imply 76.8% upside for GRAB (target: $7) vs 30.8% for YMM (target: $12). YMM is the only dividend payer here at 1.68% yield — a key consideration for income-focused portfolios.
| Metric | YMMFull Truck Allian… | GRABGrab Holdings Lim… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $11.67 | $6.70 |
| # AnalystsCovering analysts | 3 | 12 |
| Dividend YieldAnnual dividend ÷ price | +1.7% | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | $1.02 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +1.8% |
Insufficient data to determine a leader in this category.
Key Takeaway
YMM leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
Best OverallFull Truck Alliance Co. Ltd. (YMM)Leads 4 of 6 categories
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YMM vs GRAB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is YMM or GRAB a better buy right now?
For growth investors, Full Truck Alliance Co.
Ltd. (YMM) is the stronger pick with 33. 2% revenue growth year-over-year, versus 20. 5% for Grab Holdings Limited (GRAB). Full Truck Alliance Co. Ltd. (YMM) offers the better valuation at 20. 6x trailing P/E (1. 9x forward), making it the more compelling value choice. Analysts rate Full Truck Alliance Co. Ltd. (YMM) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — YMM or GRAB?
On trailing P/E, Full Truck Alliance Co.
Ltd. (YMM) is the cheapest at 20. 6x versus Grab Holdings Limited at 59. 5x. On forward P/E, Full Truck Alliance Co. Ltd. is actually cheaper at 1. 9x.
03Which is the better long-term investment — YMM or GRAB?
Over the past 5 years, Full Truck Alliance Co.
Ltd. (YMM) delivered a total return of -56. 6%, compared to -67. 5% for Grab Holdings Limited (GRAB). Over 10 years, the gap is even starker: YMM returned -56. 6% versus GRAB's -68. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — YMM or GRAB?
By beta (market sensitivity over 5 years), Grab Holdings Limited (GRAB) is the lower-risk stock at 1.
42β versus Full Truck Alliance Co. Ltd. 's 1. 50β — meaning YMM is approximately 5% more volatile than GRAB relative to the S&P 500. On balance sheet safety, Full Truck Alliance Co. Ltd. (YMM) carries a lower debt/equity ratio of 0% versus 30% for Grab Holdings Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — YMM or GRAB?
By revenue growth (latest reported year), Full Truck Alliance Co.
Ltd. (YMM) is pulling ahead at 33. 2% versus 20. 5% for Grab Holdings Limited (GRAB). On earnings-per-share growth, the picture is similar: Grab Holdings Limited grew EPS 342. 2% year-over-year, compared to 47. 0% for Full Truck Alliance Co. Ltd.. Over a 3-year CAGR, YMM leads at 34. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — YMM or GRAB?
Full Truck Alliance Co.
Ltd. (YMM) is the more profitable company, earning 27. 3% net margin versus 8. 0% for Grab Holdings Limited — meaning it keeps 27. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: YMM leads at 22. 0% versus 6. 0% for GRAB. At the gross margin level — before operating expenses — YMM leads at 86. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is YMM or GRAB more undervalued right now?
On forward earnings alone, Full Truck Alliance Co.
Ltd. (YMM) trades at 1. 9x forward P/E versus 34. 6x for Grab Holdings Limited — 32. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GRAB: 76. 8% to $6. 70.
08Which pays a better dividend — YMM or GRAB?
In this comparison, YMM (1.
7% yield) pays a dividend. GRAB does not pay a meaningful dividend and should not be held primarily for income.
09Is YMM or GRAB better for a retirement portfolio?
For long-horizon retirement investors, Full Truck Alliance Co.
Ltd. (YMM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1. 7% yield). Both have compounded well over 10 years (YMM: -56. 6%, GRAB: -68. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between YMM and GRAB?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
YMM pays a dividend while GRAB does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(YMM: 17.2% · GRAB: 23.5%)Net Margin>
%
(YMM: 34.4% · GRAB: 10.7%)P/E Ratio<
x
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