ZKH Group Limited(ZKH)Earnings, Financials & Key Ratios
ZKH•NYSE
$2.99
$490M mkt cap·Price updated May 7, 2026
AboutZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People's Republic of China. The company provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People's Republic of China.Show more
- Revenue$8.76B+0.5%
- EBITDA$412M+226.7%
- Net Income-$268M+11.9%
- EPS (Diluted)-1.64+10.9%
- Gross Margin17.24%+3.5%
- EBITDA Margin4.71%+226.2%
- Operating Margin3.87%+184.6%
- Net Margin-3.06%+12.3%
- ROE-8.5%+10.3%
- ROIC9.82%+196.9%
- Debt/Equity0.18-31.6%
- Interest Coverage17.83+186.5%
ZKH Key Insights
ZKH Group Limited (ZKH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓Trading at only 1.1x book value
- ✓Efficient asset utilization: 1.3x turnover
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ZKH Price & Volume
ZKH Group Limited (ZKH) stock price & volume — 10-year historical chart
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ZKH Growth Metrics
ZKH Group Limited (ZKH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years4.6%
TTM-0.75%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM1.25%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM26.04%
Return on Capital
10 Years-14.63%
5 Years-14.63%
3 Years-8.34%
Last Year10.22%
ZKH Recent Earnings
ZKH Group Limited (ZKH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (38%)●Beat Revenue 6/12 qtrs (75%)
Q2 2026Latest
Mar 19, 2026EPS
$0.01
Est $0.05
-81.6%
Revenue
$366M
Est $352M
+4.0%
Q4 2025
Nov 20, 2025EPS
$0.01
Est $0.03
-137.5%
Revenue
$327M
Est $320M
+2.1%
Q3 2025
Aug 22, 2025EPS
$0.03
Est $0.19
-115.8%
Revenue
$302M
Est $2.7B
-88.9%
Q2 2025
May 20, 2025EPS
$0.04
Est $0.33
+87.9%
Revenue
$1.9B
Est $2.4B
-20.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $0.01vs $0.05-81.6% | $366Mvs $352M+4.0% |
| Q4 2025 | Nov 20, 2025 | $0.01vs $0.03-137.5% | $327Mvs $320M+2.1% |
| Q3 2025 | Aug 22, 2025 | $0.03vs $0.19-115.8% | $302Mvs $2.7B-88.9% |
| Q2 2025 | May 20, 2025 | $0.04vs $0.33+87.9% | $1.9Bvs $2.4B-20.8% |
Based on last 12 quarters of dataView full earnings history →
ZKH Peer Comparison
ZKH Group Limited (ZKH) competitors in Retail Services and Enablement Platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FAST | 50.93B | 44.36 | 40.70 | 8.67% | 15.35% | 31.91% | 0.11 | |
 GWW | 58.41B | 1234.10 | 34.86 | 4.51% | 9.7% | 43.13% | 0.76 | |
 MSM | 5.82B | 104.31 | 29.22 | -1.35% | 5.37% | 14.79% | 0.39 | |
 SITE | 5.54B | 124.97 | 37.08 | 3.62% | 3.24% | 9.09% | 0.58 | |
 WSO | 17.45B | 429.23 | 35.04 | -4.98% | 6.85% | 15.31% | 0.15 | |
 POOL | 6.99B | 190.44 | 17.55 | -0.41% | 7.58% | 32.17% | 0.29 | |
 NOW | 96.96B | 93.58 | 56.04 | 20.88% | 12.59% | 14.98% | 0.25 | |
 DXPE | 2.33B | 150.02 | 27.99 | 11.89% | 4.4% | 18.67% | 1.97 |
Compare ZKH vs Peers
ZKH Group Limited (ZKH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZKH Income Statement
ZKH Group Limited (ZKH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 4.69B | 7.65B | 8.32B | 8.72B | 8.76B | 8.75B |
| Revenue Growth % | - | 63.34% | 8.63% | 4.88% | 0.46% | -0.75% |
| Cost of Goods Sold | 4.01B | 6.61B | 7B | 7.27B | 7.25B | 7.27B |
| COGS % of Revenue | 85.48% | 86.42% | 84.15% | 83.35% | 82.76% | - |
| Gross Profit | 680.27M▲ 0% | 1.04B▲ 52.8% | 1.32B▲ 26.7% | 1.45B▲ 10.2% | 1.51B▲ 4.0% | 1.48B▲ 0% |
| Gross Margin % | 14.52% | 13.58% | 15.85% | 16.65% | 17.24% | 16.94% |
| Gross Profit Growth % | - | 52.84% | 26.73% | 10.23% | 4% | - |
| Operating Expenses | 1.08B | 2.15B | 2B | 1.85B | 1.85B | 1.77B |
| OpEx % of Revenue | 23.05% | 28.09% | 24.09% | 21.23% | 21.11% | - |
| Selling, General & Admin | 693.61M | 1.45B | 1.3B | 1.24B | 1.29B | 2.16B |
| SG&A % of Revenue | 14.8% | 18.93% | 15.58% | 14.18% | 14.7% | - |
| Research & Development | 149.59M | 256.42M | 240.53M | 175.91M | 169.5M | 172.31M |
| R&D % of Revenue | 3.19% | 3.35% | 2.89% | 2.02% | 1.93% | - |
| Other Operating Expenses | 236.88M | 444.51M | 467.38M | 438.96M | 391.69M | 2M |
| Operating Income | -399.81M▲ 0% | -1.11B▼ 177.7% | -685.71M▲ 38.2% | -398.72M▲ 41.9% | 338.77M▲ 185.0% | -290.71M▲ 0% |
| Operating Margin % | -8.53% | -14.51% | -8.25% | -4.57% | 3.87% | -3.32% |
| Operating Income Growth % | - | -177.74% | 38.25% | 41.85% | 184.96% | - |
| EBITDA | -362.58M | -1.06B | -609.63M | -325.26M | 412.24M | -220.47M |
| EBITDA Margin % | -7.74% | -13.81% | -7.33% | -3.73% | 4.71% | -2.52% |
| EBITDA Growth % | - | -191.64% | 42.35% | 46.65% | 226.74% | 13.41% |
| D&A (Non-Cash Add-back) | 37.23M | 53.02M | 76.07M | 73.47M | 73.47M | 70.24M |
| EBIT | -391.18M | -1.08B | -637.41M | -285.36M | -338.77M | -252.59M |
| Net Interest Income | 2.08M | 17.68M | -79.62M | 34.36M | 45.24M | 76.28M |
| Interest Income | 6.14M | 28.28M | 14.56M | 53.7M | 64.25M | 104.93M |
| Interest Expense | 4.06M | 10.59M | 94.18M | 19.34M | 19M | 28.65M |
| Other Income/Expense | 4.58M | 16.53M | -45.89M | 94.02M | 71.74M | 60.68M |
| Pretax Income | -395.23M▲ 0% | -1.09B▼ 176.8% | -731.59M▲ 33.1% | -304.7M▲ 58.4% | -267.03M▲ 12.4% | -230.03M▲ 0% |
| Pretax Margin % | -8.43% | -14.29% | -8.8% | -3.49% | -3.05% | -2.63% |
| Income Tax | 1.91M | 200K | -471K | 195K | 1.01M | 1.05M |
| Effective Tax Rate % | -0.48% | -0.02% | 0.06% | -0.06% | -0.38% | -0.46% |
| Net Income | -401.73M▲ 0% | -1.12B▼ 179.4% | -735.68M▲ 34.5% | -304.31M▲ 58.6% | -268.04M▲ 11.9% | -231.09M▲ 0% |
| Net Margin % | -8.57% | -14.66% | -8.85% | -3.49% | -3.06% | -2.64% |
| Net Income Growth % | - | -179.41% | 34.46% | 58.64% | 11.92% | 1.25% |
| Net Income (Continuing) | -397.15M | -1.09B | -731.12M | -304.9M | -268.04M | -231.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 12.24M | 3.9M | 4.24M | 0 | 0 | 0 |
| EPS (Diluted) | -4.55▲ 0% | -10.15▼ 123.1% | -8.05▲ 20.7% | -1.84▲ 77.1% | -1.64▲ 10.9% | -1.42▲ 0% |
| EPS Growth % | - | -123.08% | 20.69% | 77.14% | 10.87% | 26.04% |
| EPS (Basic) | -4.55 | -10.15 | -8.05 | -1.84 | -1.64 | - |
| Diluted Shares Outstanding | 129.41M | 138.73M | 151.43M | 162.17M | 163.89M | 162.25M |
| Basic Shares Outstanding | 129.41M | 138.73M | 151.43M | 162.17M | 163.89M | 162.25M |
| Dividend Payout Ratio | - | - | - | - | - | - |
ZKH Balance Sheet
ZKH Group Limited (ZKH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 5.08B | 5.28B | 6.28B | 6.95B | 6.19B | 5.86B |
| Cash & Short-Term Investments | 2.03B | 538M | 1.95B | 1.96B | 1.97B | 1.75B |
| Cash Only | 1.96B | 538M | 1.95B | 1.09B | 1.42B | 1.1B |
| Short-Term Investments | 70.06M | 0 | 0 | 874.21M | 543.98M | 658.94M |
| Accounts Receivable | 1.95B | 3.16B | 3.38B | 3.99B | 3.35B | 3.09B |
| Days Sales Outstanding | 152.23 | 150.61 | 148.27 | 167.11 | 139.73 | 134.34 |
| Inventory | 448.01M | 762.94M | 656M | 668.98M | 625.39M | 746.1M |
| Days Inventory Outstanding | 40.82 | 42.1 | 34.22 | 33.59 | 31.48 | 34.54 |
| Other Current Assets | 648.23M | 819M | 295.24M | 327.87M | 114.83M | 266.41M |
| Total Non-Current Assets | 490.85M | 661.86M | 530.47M | 432.15M | 421.06M | 400.61M |
| Property, Plant & Equipment | 443.64M | 609.74M | 464.68M | 381.25M | 374.32M | 346.07M |
| Fixed Asset Turnover | 10.56x | 12.55x | 17.89x | 22.88x | 23.41x | 24.55x |
| Goodwill | 30.81M | 30.81M | 30.81M | 30.81M | 30.81M | 30.81M |
| Intangible Assets | 16.41M | 21.31M | 34.98M | 20.1M | 26.74M | 23.73M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | -10.81M | -10.81M |
| Total Assets | 5.57B▲ 0% | 5.94B▲ 6.6% | 6.81B▲ 14.7% | 7.39B▲ 8.4% | 6.61B▼ 10.5% | 6.26B▲ 0% |
| Asset Turnover | 0.84x | 1.29x | 1.22x | 1.18x | 1.33x | 1.36x |
| Asset Growth % | - | 6.59% | 14.7% | 8.41% | -10.5% | -33.96% |
| Total Current Liabilities | 2.07B | 3.39B | 3.48B | 4.03B | 3.34B | 3.09B |
| Accounts Payable | 1.52B | 2.45B | 2.57B | 2.88B | 2.55B | 2.36B |
| Days Payables Outstanding | 138.8 | 134.99 | 133.85 | 144.38 | 128.17 | 122.21 |
| Short-Term Debt | 75.84M | 264.17M | 260.75M | 593.15M | 319.29M | 332.1M |
| Deferred Revenue (Current) | 0 | 30.11M | 31.13M | 8.15M | 27.43M | 113.9M |
| Other Current Liabilities | 191.94M | 519.15M | 253.34M | 215.88M | 20.14M | 1.85M |
| Current Ratio | 2.45x | 1.56x | 1.80x | 1.73x | 1.85x | 1.85x |
| Quick Ratio | 2.24x | 1.33x | 1.62x | 1.56x | 1.67x | 1.67x |
| Cash Conversion Cycle | 54.25 | 57.72 | 48.63 | 56.32 | 43.05 | 46.67 |
| Total Non-Current Liabilities | 244.53M | 5.32B | 7.4B | 147.48M | 173.21M | 178.55M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 38.89M | 43.8M |
| Capital Lease Obligations | 240.35M | 271.95M | 214.43M | 146.97M | 109.1M | 425.27M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.18M | 5.04B | 7.18B | 507K | 25.22M | 107.59M |
| Total Liabilities | 2.32B | 8.71B | 10.88B | 4.18B | 3.51B | 3.27B |
| Total Debt | 412.43M | 666.49M | 570.96M | 831.35M | 548.65M | 535.38M |
| Net Debt | -1.65B | 615.78M | -1.38B | -259.27M | -875.29M | -559.88M |
| Debt / Equity | 0.13x | - | - | 0.26x | 0.18x | 0.18x |
| Debt / EBITDA | - | - | - | - | 1.33x | -2.43x |
| Net Debt / EBITDA | - | - | - | - | -2.12x | -2.12x |
| Interest Coverage | -98.55x | -104.83x | -7.28x | -20.61x | 17.83x | -8.82x |
| Total Equity | 3.26B▲ 0% | -2.77B▼ 185.0% | -4.07B▼ 47.0% | 3.21B▲ 179.0% | 3.1B▼ 3.5% | 2.99B▲ 0% |
| Equity Growth % | - | -184.95% | -47.02% | 178.97% | -3.52% | 147.08% |
| Book Value per Share | 25.16 | -19.94 | -26.85 | 19.80 | 18.91 | 18.46 |
| Total Shareholders' Equity | 3.24B | -2.77B | -4.07B | 3.21B | 3.1B | 2.99B |
| Common Stock | 1K | 1K | 1K | 4K | 4K | 4K |
| Retained Earnings | -1.47B | -2.77B | -4.02B | -4.91B | -5.17B | -5.3B |
| Treasury Stock | 0 | 0 | 0 | 0 | -40.76M | -58.91M |
| Accumulated OCI | -440K | 4.35M | -46.63M | -19.14M | 4.76M | 3.48M |
| Minority Interest | 12.24M | 3.9M | 4.24M | 0 | 0 | 0 |
ZKH Cash Flow Statement
ZKH Group Limited (ZKH) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 31.8M | -1.38B | -504.2M | -567.95M | 229.07M | 229.07M |
| Operating CF Margin % | 0.68% | -18.06% | -6.06% | -6.51% | 2.61% | - |
| Operating CF Growth % | - | -4448.14% | 63.54% | -12.64% | 140.33% | 100% |
| Net Income | -397.15M | -69.6M | -731.12M | -304.31M | -268.04M | -231.09M |
| Depreciation & Amortization | 37.23M | 53.02M | 76.07M | 73.47M | 54.77M | 12.14M |
| Stock-Based Compensation | 91.99M | 183.35M | 31.9M | 17.39M | 108.52M | 63.16M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 27.93M | -42.11M | 108.54M | 60.11M | 62.18M | 155.78M |
| Working Capital Changes | 271.8M | -1.51B | 10.4M | -414.6M | 271.64M | 0 |
| Change in Receivables | -769.83M | -1.13B | -247.31M | -585.49M | 621.18M | 0 |
| Change in Inventory | -66.46M | -329.24M | 85.8M | -52.96M | 17.69M | 0 |
| Change in Payables | 1.01B | 0 | 119.81M | 0 | 0 | 0 |
| Cash from Investing | -57.91M | -94.39M | -37.04M | -908.3M | 276.08M | 0 |
| Capital Expenditures | -56.84M | -158.07M | -37.05M | -50.5M | -79.16M | 0 |
| CapEx % of Revenue | 1.21% | 2.07% | 0.45% | 0.58% | 0.9% | - |
| Acquisitions | -39.66M | -10.24M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -1.09M | 5.05M | -117K | -349K | -1.78M | 0 |
| Cash from Financing | 1.83B | 174.63M | 1.3B | 715.72M | -255.28M | 0 |
| Debt Issued (Net) | 22.12M | 188.33M | 1.34B | 335M | -234.12M | 0 |
| Equity Issued (Net) | 1000K | 0 | 0 | 1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -40.76M | 0 |
| Other Financing | 2M | -13.7M | -38.08M | -5.04M | 19.59M | 0 |
| Net Change in Cash | 1.79B▲ 0% | -1.31B▼ 173.1% | 878.94M▲ 167.0% | -755.48M▼ 186.0% | 266.51M▲ 135.3% | -255.16M▲ 0% |
| Free Cash Flow | -31.05M▲ 0% | -1.54B▼ 4861.7% | -554.31M▲ 64.0% | -623.51M▼ 12.5% | 146.03M▲ 123.4% | 0▲ 0% |
| FCF Margin % | -0.66% | -20.13% | -6.67% | -7.15% | 1.67% | - |
| FCF Growth % | - | -4861.74% | 64.03% | -12.48% | 123.42% | 100% |
| FCF per Share | -0.24 | -11.11 | -3.66 | -3.84 | 0.89 | 0.89 |
| FCF Conversion (FCF/Net Income) | -0.08x | 1.23x | 0.69x | 1.87x | -0.85x | -0.00x |
| Interest Paid | 3.29M | 10.29M | 20.96M | 19.34M | 10.16M | 0 |
| Taxes Paid | 10K | 1.22M | 1.22M | 154K | 842K | 0 |
ZKH Key Ratios
ZKH Group Limited (ZKH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -458.28% | - | -9.48% | -8.5% | -7.57% |
| Return on Invested Capital (ROIC) | - | - | -10.13% | 9.82% | 9.82% |
| Gross Margin | 13.58% | 15.85% | 16.65% | 17.24% | 16.94% |
| Net Margin | -14.66% | -8.85% | -3.49% | -3.06% | -2.64% |
| Debt / Equity | - | - | 0.26x | 0.18x | 0.18x |
| Interest Coverage | -104.83x | -7.28x | -20.61x | 17.83x | -8.82x |
| FCF Conversion | 1.23x | 0.69x | 1.87x | -0.85x | -0.00x |
| Revenue Growth | 63.34% | 8.63% | 4.88% | 0.46% | -0.75% |
ZKH Frequently Asked Questions
ZKH Group Limited (ZKH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
ZKH Group Limited (ZKH) reported $8.75B in revenue for fiscal year 2024. This represents a 87% increase from $4.69B in 2020.
ZKH Group Limited (ZKH) grew revenue by 0.5% over the past year. Growth has been modest.
ZKH Group Limited (ZKH) reported a net loss of $231.1M for fiscal year 2024.
Dividend & Returns
ZKH Group Limited (ZKH) has a return on equity (ROE) of -8.5%. Negative ROE indicates the company is unprofitable.
ZKH Group Limited (ZKH) generated $146.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More ZKH
ZKH Group Limited (ZKH) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates