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ZKH Group Limited (ZKH) 10-Year Financial Performance & Capital Metrics

ZKH • • Industrial / General
Consumer CyclicalSpecialty RetailNiche Specialty RetailUnique Retail Concepts
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 Margin 17.24% +3.5%
  • EBITDA Margin 4.71% +226.2%
  • Operating Margin 3.87% +184.6%
  • Net Margin -3.06% +12.3%
  • ROE -8.5% +10.3%
  • ROIC 9.82% +196.9%
  • Debt/Equity 0.18 -31.6%
  • Interest Coverage 17.83 +186.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Trading at only 0.2x 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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y4.6%
TTM-0.75%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM1.25%

EPS CAGR

10Y-
5Y-
3Y-
TTM26.04%

ROCE

10Y Avg-14.63%
5Y Avg-14.63%
3Y Avg-8.34%
Latest10.22%

Peer Comparison

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Momentum & Returns
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Technical
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Sector-Specific
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FLWS1-800-FLOWERS.COM, Inc.170.55M4.66-1.49-7.96%-13.19%-100.58%1.01
ZKHZKH Group Limited466.38M3.52-2.150.46%-2.64%-7.72%31.31%0.18
BNEDBarnes & Noble Education, Inc.304.44M8.94-3.582.75%-4.09%-24.18%0.66
JBDIJBDI Holdings Limited12.9M0.67-13.56-15.54%-10.4%-103.5%7.12%5.28

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+4.69B7.65B8.32B8.72B8.76B
Revenue Growth %-0.63%0.09%0.05%0%
Cost of Goods Sold+4.01B6.61B7B7.27B7.25B
COGS % of Revenue0.85%0.86%0.84%0.83%0.83%
Gross Profit+680.27M1.04B1.32B1.45B1.51B
Gross Margin %0.15%0.14%0.16%0.17%0.17%
Gross Profit Growth %-0.53%0.27%0.1%0.04%
Operating Expenses+1.08B2.15B2B1.85B1.85B
OpEx % of Revenue0.23%0.28%0.24%0.21%0.21%
Selling, General & Admin693.61M1.45B1.3B1.24B1.29B
SG&A % of Revenue0.15%0.19%0.16%0.14%0.15%
Research & Development149.59M256.42M240.53M175.91M169.5M
R&D % of Revenue0.03%0.03%0.03%0.02%0.02%
Other Operating Expenses236.88M444.51M467.38M438.96M391.69M
Operating Income+-399.81M-1.11B-685.71M-398.72M338.77M
Operating Margin %-0.09%-0.15%-0.08%-0.05%0.04%
Operating Income Growth %--1.78%0.38%0.42%1.85%
EBITDA+-362.58M-1.06B-609.63M-325.26M412.24M
EBITDA Margin %-0.08%-0.14%-0.07%-0.04%0.05%
EBITDA Growth %--1.92%0.42%0.47%2.27%
D&A (Non-Cash Add-back)37.23M53.02M76.07M73.47M73.47M
EBIT-391.18M-1.08B-637.41M-285.36M-338.77M
Net Interest Income+2.08M17.68M-79.62M34.36M45.24M
Interest Income6.14M28.28M14.56M53.7M64.25M
Interest Expense4.06M10.59M94.18M19.34M19M
Other Income/Expense4.58M16.53M-45.89M94.02M71.74M
Pretax Income+-395.23M-1.09B-731.59M-304.7M-267.03M
Pretax Margin %-0.08%-0.14%-0.09%-0.03%-0.03%
Income Tax+1.91M200K-471K195K1.01M
Effective Tax Rate %1.02%1.03%1.01%1%1%
Net Income+-401.73M-1.12B-735.68M-304.31M-268.04M
Net Margin %-0.09%-0.15%-0.09%-0.03%-0.03%
Net Income Growth %--1.79%0.34%0.59%0.12%
Net Income (Continuing)-397.15M-1.09B-731.12M-304.9M-268.04M
Discontinued Operations00000
Minority Interest12.24M3.9M4.24M00
EPS (Diluted)+-4.55-10.15-8.05-1.84-1.64
EPS Growth %--1.23%0.21%0.77%0.11%
EPS (Basic)-4.55-10.15-8.05-1.84-1.64
Diluted Shares Outstanding129.41M138.73M151.43M162.17M163.89M
Basic Shares Outstanding129.41M138.73M151.43M162.17M163.89M
Dividend Payout Ratio-----

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5.08B5.28B6.28B6.95B6.19B
Cash & Short-Term Investments2.03B538M1.95B1.96B1.97B
Cash Only1.96B538M1.95B1.09B1.42B
Short-Term Investments70.06M00874.21M543.98M
Accounts Receivable1.95B3.16B3.38B3.99B3.35B
Days Sales Outstanding152.23150.61148.27167.11139.73
Inventory448.01M762.94M656M668.98M625.39M
Days Inventory Outstanding40.8242.134.2233.5931.48
Other Current Assets648.23M819M295.24M327.87M114.83M
Total Non-Current Assets+490.85M661.86M530.47M432.15M421.06M
Property, Plant & Equipment443.64M609.74M464.68M381.25M374.32M
Fixed Asset Turnover10.56x12.55x17.89x22.88x23.41x
Goodwill30.81M30.81M30.81M30.81M30.81M
Intangible Assets16.41M21.31M34.98M20.1M26.74M
Long-Term Investments00000
Other Non-Current Assets0000-10.81M
Total Assets+5.57B5.94B6.81B7.39B6.61B
Asset Turnover0.84x1.29x1.22x1.18x1.33x
Asset Growth %-0.07%0.15%0.08%-0.1%
Total Current Liabilities+2.07B3.39B3.48B4.03B3.34B
Accounts Payable1.52B2.45B2.57B2.88B2.55B
Days Payables Outstanding138.8134.99133.85144.38128.17
Short-Term Debt75.84M264.17M260.75M593.15M319.29M
Deferred Revenue (Current)01000K1000K1000K1000K
Other Current Liabilities191.94M519.15M253.34M215.88M20.14M
Current Ratio2.45x1.56x1.80x1.73x1.85x
Quick Ratio2.24x1.33x1.62x1.56x1.67x
Cash Conversion Cycle54.2557.7248.6356.3243.05
Total Non-Current Liabilities+244.53M5.32B7.4B147.48M173.21M
Long-Term Debt000038.89M
Capital Lease Obligations240.35M271.95M214.43M146.97M109.1M
Deferred Tax Liabilities00000
Other Non-Current Liabilities4.18M5.04B7.18B507K25.22M
Total Liabilities2.32B8.71B10.88B4.18B3.51B
Total Debt+412.43M666.49M570.96M831.35M548.65M
Net Debt-1.65B615.78M-1.38B-259.27M-875.29M
Debt / Equity0.13x--0.26x0.18x
Debt / EBITDA----1.33x
Net Debt / EBITDA-----2.12x
Interest Coverage-98.55x-104.83x-7.28x-20.61x17.83x
Total Equity+3.26B-2.77B-4.07B3.21B3.1B
Equity Growth %--1.85%-0.47%1.79%-0.04%
Book Value per Share25.16-19.94-26.8519.8018.91
Total Shareholders' Equity3.24B-2.77B-4.07B3.21B3.1B
Common Stock1K1K1K4K4K
Retained Earnings-1.47B-2.77B-4.02B-4.91B-5.17B
Treasury Stock0000-40.76M
Accumulated OCI-440K4.35M-46.63M-19.14M4.76M
Minority Interest12.24M3.9M4.24M00

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+31.8M-1.38B-504.2M-567.95M229.07M
Operating CF Margin %0.01%-0.18%-0.06%-0.07%0.03%
Operating CF Growth %--44.48%0.64%-0.13%1.4%
Net Income-397.15M-69.6M-731.12M-304.31M-268.04M
Depreciation & Amortization37.23M53.02M76.07M73.47M54.77M
Stock-Based Compensation91.99M183.35M31.9M17.39M108.52M
Deferred Taxes00000
Other Non-Cash Items27.93M-42.11M108.54M60.11M62.18M
Working Capital Changes271.8M-1.51B10.4M-414.6M271.64M
Change in Receivables-769.83M-1.13B-247.31M-585.49M621.18M
Change in Inventory-66.46M-329.24M85.8M-52.96M17.69M
Change in Payables1.01B0119.81M00
Cash from Investing+-57.91M-94.39M-37.04M-908.3M276.08M
Capital Expenditures-56.84M-158.07M-37.05M-50.5M-79.16M
CapEx % of Revenue0.01%0.02%0%0.01%0.01%
Acquisitions-----
Investments-----
Other Investing-1.09M5.05M-117K-349K-1.78M
Cash from Financing+1.83B174.63M1.3B715.72M-255.28M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00000
Share Repurchases-----
Other Financing2M-13.7M-38.08M-5.04M19.59M
Net Change in Cash-----
Free Cash Flow+-31.05M-1.54B-554.31M-623.51M146.03M
FCF Margin %-0.01%-0.2%-0.07%-0.07%0.02%
FCF Growth %--48.62%0.64%-0.12%1.23%
FCF per Share-0.24-11.11-3.66-3.840.89
FCF Conversion (FCF/Net Income)-0.08x1.23x0.69x1.87x-0.85x
Interest Paid3.29M10.29M20.96M19.34M10.16M
Taxes Paid10K1.22M1.22M154K842K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)-12.34%-458.28%--9.48%-8.5%
Return on Invested Capital (ROIC)-17.57%---10.13%9.82%
Gross Margin14.52%13.58%15.85%16.65%17.24%
Net Margin-8.57%-14.66%-8.85%-3.49%-3.06%
Debt / Equity0.13x--0.26x0.18x
Interest Coverage-98.55x-104.83x-7.28x-20.61x17.83x
FCF Conversion-0.08x1.23x0.69x1.87x-0.85x
Revenue Growth-63.34%8.63%4.88%0.46%

Revenue by Segment

20232024
Product8.34B8.45B
Product Growth-1.29%
Service307.41M244.71M
Service Growth--20.40%
Product and Service, Other72.16M67.14M
Product and Service, Other Growth--6.95%

Frequently Asked Questions

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.

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