ZTO Express (Cayman) Inc.(ZTO)Earnings, Financials & Key Ratios

ZTO•NYSE

$25.88

$20.67B mkt cap·16.5× P/E·Price updated May 6, 2026

SectorIndustrials IndustryFreight & Logistics Sub-IndustryAsset-Based Parcel, Express and LTL Carriers

AboutZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2021, it operated a fleet of approximately 10,900 trucks. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.Show more

Revenue$44.28B+15.3%
EBITDA$14.8B+14.9%
Net Income$8.82B+0.8%
EPS (Diluted)10.70+0.9%
Gross Margin30.98%+2.0%
EBITDA Margin33.42%-0.3%
Operating Margin26.6%+2.1%
Net Margin19.91%-12.6%
ROE14.34%-5.9%
ROIC13.6%+8.0%
Debt/Equity0.28+8.1%
Interest Coverage34.85+0.8%

Analysis→Technical→

ZTO Key Insights

ZTO Express (Cayman) Inc. (ZTO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 14.9%
✓Healthy dividend yield of 3.8%
✓Healthy 5Y average net margin of 18.9%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ZTO Price & Volume

ZTO Express (Cayman) Inc. (ZTO) stock price & volume — 10-year historical chart

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ZTO Growth Metrics

ZTO Express (Cayman) Inc. (ZTO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years27.49%

5 Years14.9%

3 Years13.35%

TTM14.7%

Profit CAGR

10 Years36.03%

5 Years9.22%

3 Years22.85%

TTM1.58%

EPS CAGR

10 Years35.31%

5 Years8.16%

3 Years22.65%

TTM1.83%

Return on Capital

10 Years16.37%

5 Years13.73%

3 Years15.65%

Last Year17.78%

ZTO Recent Earnings

ZTO Express (Cayman) Inc. (ZTO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)

Q2 2026Latest

Mar 17, 2026

EPS

$0.47

Est $0.45

+4.9%

Revenue

$2.1B

Est $2.1B

+1.2%

Q4 2025

Nov 19, 2025

EPS

$0.43

Est $0.44

-2.8%

Revenue

$1.7B

Est $2.0B

-16.7%

Q3 2025

Aug 19, 2025

EPS

$0.35

Est $0.40

-12.4%

Revenue

$1.6B

Est $1.7B

-2.8%

Q2 2025

May 20, 2025

EPS

$0.37

Est $0.40

-7.3%

Revenue

$1.5B

Est $1.7B

-10.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 17, 2026	$0.47vs $0.45+4.9%	$2.1Bvs $2.1B+1.2%
Q4 2025	Nov 19, 2025	$0.43vs $0.44-2.8%	$1.7Bvs $2.0B-16.7%
Q3 2025	Aug 19, 2025	$0.35vs $0.40-12.4%	$1.6Bvs $1.7B-2.8%
Q2 2025	May 20, 2025	$0.37vs $0.40-7.3%	$1.5Bvs $1.7B-10.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
GXOGXO Logistics, Inc.Direct Competitor	5.74B	49.91	178.25	12.55%	0.95%	4.27%	2.62
XPOXPO Logistics, Inc.Direct Competitor	24.84B	211.58	80.14	1.05%	4.19%	19.04%	2.53
UPSUnited Parcel Service, Inc.Product Competitor	84.87B	99.88	15.23	-2.49%	5.94%	32.98%	1.99
FDXFedEx CorporationProduct Competitor	88.69B	377.19	22.44	0.27%	4.88%	15.76%	1.33
ODFLOld Dominion Freight Line, Inc.Product Competitor	41.81B	200.62	41.54	-5.48%	18.63%	24.03%	0.03
SAIASaia, Inc.Product Competitor	11.99B	449.40	47.21	0.79%	7.84%	10.04%	0.16
ARCBArcBest CorporationProduct Competitor	2.72B	121.82	46.50	-4.04%	1.38%	4.3%	0.52
BABAAlibaba Group Holding LimitedSupply Chain	341.64B	141.48	17.99	5.86%	12.19%	11.24%	0.23

Compare ZTO vs Peers

ZTO Express (Cayman) Inc. (ZTO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GXO

Most directly comparable listed peer for ZTO.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare ZTO against a more recognizable public peer.

Peer Set

Compare Top 5

vs GXO, XPO, UPS, FDX

ZTO Income Statement

ZTO Express (Cayman) Inc. (ZTO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	9.79B	13.06B	17.6B	22.11B	25.21B	30.41B	35.38B	38.42B	44.28B	46.32B
Revenue Growth %	60.83%	33.42%	34.8%	25.59%	14.04%	20.59%	16.35%	8.6%	15.26%	14.7%
Cost of Goods Sold	6.35B	8.71B	12.24B	15.49B	19.38B	23.82B	26.34B	26.76B	30.56B	33.59B
COGS % of Revenue	64.83%	66.73%	69.53%	70.05%	76.85%	78.33%	74.45%	69.64%	69.02%	-
Gross Profit	3.44B▲ 0%	4.35B▲ 26.2%	5.36B▲ 23.5%	6.62B▲ 23.4%	5.84B▼ 11.8%	6.59B▲ 12.9%	9.04B▲ 37.2%	11.66B▲ 29.0%	13.72B▲ 17.6%	12.73B▲ 0%
Gross Margin %	35.17%	33.27%	30.47%	29.95%	23.15%	21.67%	25.55%	30.36%	30.98%	27.48%
Gross Profit Growth %	64.91%	26.22%	23.46%	23.42%	-11.84%	12.89%	37.18%	29.02%	17.62%	-
Operating Expenses	673.89M	597.15M	1.03B	1.16B	1.08B	1.09B	1.3B	1.65B	1.94B	1.55B
OpEx % of Revenue	6.88%	4.57%	5.87%	5.24%	4.29%	3.57%	3.68%	4.31%	4.38%	-
Selling, General & Admin	706M	780.52M	1.21B	1.55B	1.66B	1.88B	2.08B	2.43B	2.69B	2.56B
SG&A % of Revenue	7.21%	5.98%	6.88%	6.99%	6.6%	6.17%	5.87%	6.31%	6.07%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-32.1M	-183.37M	-178.06M	-387.89M	-580.97M	-789.5M	-774.58M	-770.65M	-749.78M	-4M
Operating Income	2.77B▲ 0%	3.75B▲ 35.4%	4.33B▲ 15.6%	5.46B▲ 26.1%	4.75B▼ 13.0%	5.5B▲ 15.7%	7.74B▲ 40.6%	10.01B▲ 29.4%	11.78B▲ 17.7%	11.18B▲ 0%
Operating Margin %	28.29%	28.7%	24.61%	24.71%	18.86%	18.1%	21.87%	26.05%	26.6%	24.13%
Operating Income Growth %	81.07%	35.37%	15.57%	26.1%	-12.97%	15.75%	40.59%	29.36%	17.68%	-
EBITDA	3.09B	4.31B	5.19B	6.73B	6.59B	7.72B	10.41B	12.88B	14.8B	11.79B
EBITDA Margin %	31.61%	32.99%	29.46%	30.43%	26.16%	25.41%	29.42%	33.53%	33.42%	25.45%
EBITDA Growth %	83.37%	39.27%	20.36%	29.72%	-1.97%	17.13%	34.72%	23.79%	14.88%	6.35%
D&A (Non-Cash Add-back)	324.98M	560.37M	853.72M	1.26B	1.84B	2.22B	2.67B	2.88B	3.02B	0
EBIT	2.83B	3.84B	5.34B	6.76B	5.07B	5.87B	8.48B	10.98B	12.01B	11.79B
Net Interest Income	31.8M	150.66M	400.38M	585.4M	407.39M	237.39M	313.2M	417.23M	655.62M	562.42M
Interest Income	44.79M	166.32M	401.16M	585.4M	442.7M	363.89M	503.72M	706.76M	993.53M	867.56M
Interest Expense	12.99M	15.67M	780K	0	35.31M	126.5M	190.52M	289.53M	337.92M	305.14M
Other Income/Expense	14.61M	56.83M	984.82M	1.29B	261.91M	203.77M	555.82M	685.13M	-43.9M	375.32M
Pretax Income	2.78B▲ 0%	3.81B▲ 36.7%	5.32B▲ 39.7%	6.75B▲ 26.9%	5.02B▼ 25.7%	5.71B▲ 13.8%	8.29B▲ 45.3%	10.69B▲ 29.0%	11.73B▲ 9.7%	11.55B▲ 0%
Pretax Margin %	28.44%	29.14%	30.2%	30.53%	19.89%	18.77%	23.44%	27.83%	26.5%	24.94%
Income Tax	731.99M	646.36M	929.13M	1.08B	689.83M	1.01B	1.63B	1.94B	2.85B	2.72B
Effective Tax Rate %	26.3%	16.99%	17.47%	15.98%	13.75%	17.62%	19.7%	18.13%	24.25%	23.56%
Net Income	2.05B▲ 0%	3.16B▲ 53.8%	4.38B▲ 38.7%	5.67B▲ 29.5%	4.31B▼ 24.0%	4.75B▲ 10.3%	6.81B▲ 43.2%	8.75B▲ 28.5%	8.82B▲ 0.8%	8.71B▲ 0%
Net Margin %	20.98%	24.19%	24.9%	25.66%	17.1%	15.64%	19.25%	22.77%	19.91%	18.81%
Net Income Growth %	54.22%	53.84%	38.72%	29.46%	-24%	10.26%	43.2%	28.49%	0.78%	1.58%
Net Income (Continuing)	2.05B	3.16B	4.39B	5.67B	4.33B	4.7B	6.66B	8.75B	8.89B	8.83B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	5.71M	6M	52.31M	100.79M	120.89M	290.33M	443.92M	478.66M	612.44M	658.2M
EPS (Diluted)	2.91▲ 0%	4.40▲ 51.2%	5.82▲ 32.3%	7.23▲ 24.2%	5.42▼ 25.0%	5.80▲ 7.0%	8.36▲ 44.1%	10.60▲ 26.8%	10.70▲ 0.9%	10.47▲ 0%
EPS Growth %	76.36%	51.2%	32.27%	24.23%	-25.03%	7.01%	44.14%	26.79%	0.94%	1.83%
EPS (Basic)	2.91	4.41	5.83	7.24	5.42	5.80	8.41	10.83	10.95	-
Diluted Shares Outstanding	634.58M	717.6M	752.67M	784.33M	796.15M	819.96M	819.96M	838.95M	838.44M	832.05M
Basic Shares Outstanding	634.58M	717.14M	751.81M	784.01M	796.1M	819.96M	809.44M	825.23M	824M	798.49M
Dividend Payout Ratio	-	-	20.42%	22.4%	38.25%	28.48%	19.43%	23.69%	63.58%	-

ZTO Balance Sheet

ZTO Express (Cayman) Inc. (ZTO) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	13.19B	12.38B	21.23B	20.1B	22.32B	18.67B	24.48B	26.95B	30.35B	34.52B
Cash & Short-Term Investments	11.29B	10.65B	18.22B	16.38B	17.9B	12.57B	17.45B	19.79B	22.31B	26.52B
Cash Only	11.29B	5.43B	4.62B	5.27B	14.21B	9.72B	11.69B	12.33B	13.47B	13.29B
Short-Term Investments	0	5.22B	13.6B	11.11B	3.69B	2.85B	5.75B	7.45B	8.85B	13.23B
Accounts Receivable	197.8M	287.83M	597M	695.79M	3.08B	4.57B	4.58B	4.7B	6.27B	2.37B
Days Sales Outstanding	7.38	8.04	12.38	11.49	44.61	54.9	47.26	44.61	51.65	25.38
Inventory	33.96M	34.23M	43.81M	43.84M	53.07M	82.96M	40.54M	28.07M	38.57M	47.9M
Days Inventory Outstanding	1.95	1.43	1.31	1.03	1	1.27	0.56	0.38	0.46	0.41
Other Current Assets	978.31M	1.06B	1.9B	2.4B	509.44M	489.81M	1.3B	1.41B	675.89M	4.83B
Total Non-Current Assets	10.22B	13.45B	18.45B	25.79B	36.88B	44.11B	54.05B	61.51B	61.99B	60.1B
Property, Plant & Equipment	4.07B	6.47B	9.04B	13.37B	19.44B	25.83B	29.62B	32.85B	34.48B	35.35B
Fixed Asset Turnover	2.41x	2.02x	1.95x	1.65x	1.30x	1.18x	1.19x	1.17x	1.28x	1.33x
Goodwill	4.16B	4.24B	4.24B	4.24B	4.24B	4.24B	4.24B	4.24B	4.24B	4.16B
Intangible Assets	1.3B	1.66B	2.02B	2.56B	4.4B	5.37B	5.47B	5.66B	6.19B	6.28B
Long-Term Investments	537.17M	610.16M	2.21B	4.06B	5.07B	4.94B	11.27B	15.63B	13.89B	53.85B
Other Non-Current Assets	45.95M	308.99M	622.67M	1.16B	3.01B	2.79B	2.69B	2.25B	2.2B	9.22B
Total Assets	23.4B▲ 0%	25.83B▲ 10.4%	39.68B▲ 53.6%	45.89B▲ 15.6%	59.2B▲ 29.0%	62.77B▲ 6.0%	78.52B▲ 25.1%	88.47B▲ 12.7%	92.34B▲ 4.4%	94.62B▲ 0%
Asset Turnover	0.42x	0.51x	0.44x	0.48x	0.43x	0.48x	0.45x	0.43x	0.48x	0.50x
Asset Growth %	121.16%	10.36%	53.64%	15.64%	29.01%	6.03%	25.09%	12.66%	4.38%	18.58%
Total Current Liabilities	3.52B	4.15B	5.14B	6.68B	9.35B	13B	16.41B	20.06B	28.27B	28.45B
Accounts Payable	636.42M	889.14M	1.31B	1.48B	1.64B	1.96B	2.2B	2.56B	2.46B	2.42B
Days Payables Outstanding	36.61	37.24	39.12	34.77	30.81	30	30.53	34.88	29.42	25.9
Short-Term Debt	450M	250M	0	0	1.76B	3.63B	5.59B	7.77B	16.78B	18.2B
Deferred Revenue (Current)	229.72M	258.96M	436.71M	1.21B	1.12B	1.23B	1.37B	1.75B	1.57B	6.43B
Other Current Liabilities	591.29M	834.89M	990.53M	1.29B	1.27B	1.69B	2.55B	2.73B	1.45B	5.51B
Current Ratio	3.74x	2.99x	4.13x	3.01x	2.39x	1.44x	1.49x	1.34x	1.07x	1.07x
Quick Ratio	3.73x	2.98x	4.12x	3.00x	2.38x	1.43x	1.49x	1.34x	1.07x	1.07x
Cash Conversion Cycle	-27.28	-27.76	-25.44	-22.25	14.8	26.17	17.3	10.11	22.69	-0.12
Total Non-Current Liabilities	130.52M	240.31M	271.84M	806.16M	757.47M	848.45M	7.65B	8.12B	1.39B	1.31B
Long-Term Debt	0	0	0	0	0	0	6.79B	7.03B	0	180M
Capital Lease Obligations	0	0	0	504.44M	502.48M	556.09M	510.35M	455.88M	377.72M	1.44B
Deferred Tax Liabilities	130.52M	157.32M	157.94M	207.9M	254.99M	292.36M	346.47M	638.2M	1.01B	3.21B
Other Non-Current Liabilities	0	82.99M	113.9M	93.82M	0	0	0	0	0	0
Total Liabilities	3.65B	4.39B	5.41B	7.49B	10.11B	13.84B	24.05B	28.18B	29.67B	29.76B
Total Debt	450M	250M	0	803.17M	2.51B	4.44B	13.12B	15.44B	17.35B	18.87B
Net Debt	-10.84B	-5.18B	-4.62B	-4.47B	-11.7B	-5.28B	1.43B	3.1B	3.88B	5.58B
Debt / Equity	0.02x	0.01x	-	0.02x	0.05x	0.09x	0.24x	0.26x	0.28x	0.28x
Debt / EBITDA	0.15x	0.06x	-	0.12x	0.38x	0.57x	1.26x	1.20x	1.17x	1.60x
Net Debt / EBITDA	-3.50x	-1.20x	-0.89x	-0.66x	-1.77x	-0.68x	0.14x	0.24x	0.26x	0.26x
Interest Coverage	213.23x	239.24x	5554.13x	-	134.66x	43.50x	40.61x	34.57x	34.85x	38.64x
Total Equity	19.75B▲ 0%	21.44B▲ 8.6%	34.27B▲ 59.8%	38.4B▲ 12.1%	49.1B▲ 27.9%	48.93B▼ 0.4%	54.47B▲ 11.3%	60.28B▲ 10.7%	62.67B▲ 4.0%	64.86B▲ 0%
Equity Growth %	151.72%	8.56%	59.83%	12.06%	27.85%	-0.35%	11.33%	10.66%	3.97%	22.79%
Book Value per Share	31.12	29.88	45.53	48.96	61.67	59.67	66.43	71.85	74.75	77.95
Total Shareholders' Equity	19.75B	21.44B	34.22B	38.3B	48.98B	48.64B	54.03B	59.8B	62.06B	64.2B
Common Stock	471K	471K	523K	517K	553K	535K	535K	525K	523K	519K
Retained Earnings	3.51B	6.67B	11.05B	16.73B	21.04B	22.72B	29.46B	36.3B	39.1B	40.35B
Treasury Stock	0	-914.61M	-1.55B	-1.44B	-2.58B	-2.07B	-2.06B	-510.99M	-1.13B	-271.03M
Accumulated OCI	294.65M	-295.9M	571.72M	675.72M	-95.57M	-242.1M	-86.67M	-190.72M	-294.69M	-244.16M
Minority Interest	5.71M	6M	52.31M	100.79M	120.89M	290.33M	443.92M	478.66M	612.44M	658.2M

ZTO Cash Flow Statement

ZTO Express (Cayman) Inc. (ZTO) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	2.54B	3.63B	4.4B	6.3B	4.95B	7.22B	11.48B	13.36B	11.43B	11.43B
Operating CF Margin %	25.91%	27.8%	25.02%	28.51%	19.63%	23.75%	32.45%	34.78%	25.81%	-
Operating CF Growth %	35.82%	43.14%	21.3%	43.15%	-21.47%	45.84%	58.99%	16.39%	-14.46%	-43.9%
Net Income	2.05B	3.16B	4.39B	5.67B	4.33B	4.7B	6.66B	8.75B	8.89B	8.71B
Depreciation & Amortization	324.98M	560.37M	853.72M	1.26B	1.84B	2.22B	2.67B	2.88B	3.02B	2.51B
Stock-Based Compensation	122.5M	40.73M	249.48M	316.67M	264.15M	248.03M	178.98M	254.98M	318.69M	230.03M
Deferred Taxes	-30.55M	-29.04M	-139.08M	-40.53M	-271.97M	-192.09M	244.62M	157.78M	292.54M	0
Other Non-Cash Items	30.18M	77.32M	-504.7M	-647.57M	185.13M	102.1M	-54.03M	6.93M	1.06B	3.43B
Working Capital Changes	37.83M	-177.59M	-443.28M	-260.21M	-1.39B	139.09M	1.78B	1.32B	-2.15B	-2.03B
Change in Receivables	-141.84M	-100.23M	-309.43M	-84.47M	-79.83M	-209.85M	-14.88M	477.77M	-875.29M	-941.51M
Change in Inventory	-18.24M	-271K	-9.58M	-32K	-9.22M	-29.96M	28.96M	12.46M	-10.49M	27.86M
Change in Payables	342.22M	252.72M	422.67M	156.06M	160.63M	354.48M	528.3M	364.58M	-93.61M	0
Cash from Investing	-3.09B	-8.29B	-12.87B	-3.66B	-3.55B	-8.76B	-16.04B	-12.25B	-5.98B	-3.26B
Capital Expenditures	-2.69B	-2.83B	-3.98B	-5.23B	-9.21B	-9.33B	-7.41B	-6.53B	-5.21B	-2.93B
CapEx % of Revenue	27.47%	21.64%	22.62%	23.64%	36.52%	30.68%	20.95%	16.99%	11.76%	-
Acquisitions	-430.88M	-89.06M	-1.18B	-236.49M	-232.1M	-670.26M	236.4M	0	664.15M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	35.05M	22.08M	86.12M	118.27M	-493.42M	-239.25M	89.08M	588.62M	-327.63M	-332.14M
Cash from Financing	9.08B	-1.06B	7.04B	-1.98B	8.34B	-2.9B	7.06B	-769.84M	-5B	-4.4B
Debt Issued (Net)	141.06M	-200M	0	0	1.43B	2.03B	8.2B	2.35B	1.75B	0
Equity Issued (Net)	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-2M
Dividends Paid	0	0	-895.14M	-1.27B	-1.65B	-1.35B	-1.32B	-2.07B	-5.61B	-7.66B
Share Repurchases	0	-857.66M	-769.81M	-762.89M	-1.23B	-3.81B	-84.55M	-1.01B	-1.16B	-1.2B
Other Financing	-254.86M	-3.9M	-184.84M	51.36M	10.35M	234.78M	262.81M	-45.36M	20.34M	4.46B
Net Change in Cash	8.84B▲ 0%	-6.15B▼ 169.6%	-1.15B▲ 81.3%	654.46M▲ 156.9%	9.08B▲ 1287.8%	-4.59B▼ 150.5%	2.83B▲ 161.7%	448.22M▼ 84.2%	479.64M▲ 7.0%	2.75B▲ 0%
Free Cash Flow	-152.66M▲ 0%	803.95M▲ 626.6%	422.77M▼ 47.4%	1.08B▲ 154.9%	-4.26B▼ 495.0%	-2.11B▲ 50.5%	4.07B▲ 293.0%	6.69B▲ 64.5%	5.53B▼ 17.4%	2.32B▲ 0%
FCF Margin %	-1.56%	6.16%	2.4%	4.87%	-16.88%	-6.93%	11.49%	17.42%	12.48%	5%
FCF Growth %	-138.98%	626.61%	-47.41%	154.93%	-495%	50.49%	292.95%	64.54%	-17.39%	-27.56%
FCF per Share	-0.24	1.12	0.56	1.37	-5.35	-2.57	4.96	7.98	6.59	6.59
FCF Conversion (FCF/Net Income)	1.24x	1.15x	1.00x	1.11x	1.15x	1.52x	1.69x	1.53x	1.30x	0.27x
Interest Paid	12.99M	15.67M	780K	0	34.62M	126.81M	177.46M	249.06M	295.62M	0
Taxes Paid	646.16M	871.78M	893.2M	1.42B	991.36M	1.14B	1.25B	1.67B	2.4B	0

ZTO Key Ratios

ZTO Express (Cayman) Inc. (ZTO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	14.88%	15.34%	15.73%	15.62%	9.86%	9.7%	13.17%	15.25%	14.34%	13.85%
Return on Invested Capital (ROIC)	28.44%	22.33%	14.15%	12.89%	10%	10.19%	11.66%	12.58%	13.6%	13.6%
Gross Margin	35.17%	33.27%	30.47%	29.95%	23.15%	21.67%	25.55%	30.36%	30.98%	27.48%
Net Margin	20.98%	24.19%	24.9%	25.66%	17.1%	15.64%	19.25%	22.77%	19.91%	18.81%
Debt / Equity	0.02x	0.01x	-	0.02x	0.05x	0.09x	0.24x	0.26x	0.28x	0.28x
Interest Coverage	213.23x	239.24x	5554.13x	-	134.66x	43.50x	40.61x	34.57x	34.85x	38.64x
FCF Conversion	1.24x	1.15x	1.00x	1.11x	1.15x	1.52x	1.69x	1.53x	1.30x	0.27x
Revenue Growth	60.83%	33.42%	34.8%	25.59%	14.04%	20.59%	16.35%	8.6%	15.26%	14.7%

ZTO Frequently Asked Questions

ZTO Express (Cayman) Inc. (ZTO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

ZTO Express (Cayman) Inc. (ZTO) reported $46.32B in revenue for fiscal year 2024. This represents a 1087% increase from $3.90B in 2014.

ZTO Express (Cayman) Inc. (ZTO) grew revenue by 15.3% over the past year. This is strong growth.

Yes, ZTO Express (Cayman) Inc. (ZTO) is profitable, generating $8.71B in net income for fiscal year 2024 (19.9% net margin).

Dividend & Returns

Yes, ZTO Express (Cayman) Inc. (ZTO) pays a dividend with a yield of 3.79%. This makes it attractive for income-focused investors.

ZTO Express (Cayman) Inc. (ZTO) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.

ZTO Express (Cayman) Inc. (ZTO) generated $2.32B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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