MingZhu Logistics Holdings Limited(YGMZ)Earnings, Financials & Key Ratios

YGMZ•NASDAQ

Price updated Jun 19, 2026

SectorIndustrials IndustryTrucking Sub-IndustryTruckload and Specialized Carriers

AboutMingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company serves sizeable logistics companies, freight forwarders, and warehouse operators. As of December 31, 2021, it operated a truckload fleet with 102 tractors and 76 trailers. MingZhu Logistics Holdings Limited was founded was founded in 2002 and is headquartered in Shenzhen, the People's Republic of China.Show more

Revenue$40M-54.6%
EBITDA-$3M-287.0%
Net Income-$6M+35.4%
EPS (Diluted)-1.15+61.4%
Gross Margin1.96%-43.2%
EBITDA Margin-7.99%-511.6%
Operating Margin-9.98%-1146.2%
Net Margin-15.3%-42.2%
ROE-13.86%+33.0%

YGMZ Key Insights

MingZhu Logistics Holdings Limited (YGMZ) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 68.1% in last year
✗Trading more than 30% below 52-week high

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

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YGMZ Price & Volume

MingZhu Logistics Holdings Limited (YGMZ) stock price & volume — 10-year historical chart

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YGMZ Growth Metrics

MingZhu Logistics Holdings Limited (YGMZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years6.57%

3 Years32.55%

TTM-65.11%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-206.87%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-2069.58%

Return on Capital

10 Years14.57%

5 Years-0.03%

3 Years-2.53%

Last Year-8.96%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
GFLGFL Environmental Inc.Direct Competitor	12.15B	35.10	4.96	7.77%	3.12%	2.72%	1.06
HTHTH World Group LimitedDirect Competitor	13.06B	42.51	18.91	3.04%	19.32%	41.22%	2.78
ZTOZTO Express (Cayman) Inc.Direct Competitor	17.43B	22.00	13.64	7.86%	18.81%	13.85%	0.17
XPOXPO Logistics, Inc.Product Competitor	23.42B	199.50	75.57	1.05%	4.19%	19.04%	2.53
SAIASaia, Inc.Product Competitor	11.6B	435.12	45.71	0.79%	7.84%	10.04%	0.16
ODFLOld Dominion Freight Line, Inc.Product Competitor	46.07B	221.04	45.76	-5.48%	18.63%	24.03%	0.03
ARCBArcBest CorporationProduct Competitor	3.22B	144.53	55.16	-4.04%	1.38%	4.3%	0.52
MRTNMarten Transport, Ltd.Product Competitor	1.37B	16.85	80.24	-8.31%	1.97%	2.27%	0.00

Compare YGMZ vs Peers

MingZhu Logistics Holdings Limited (YGMZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GFL

Most directly comparable listed peer for YGMZ.

Scale Benchmark

vs UPS

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

Peer Set

Compare Top 5

vs GFL, HTHT, ZTO, XPO

YGMZ Income Statement

MingZhu Logistics Holdings Limited (YGMZ) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Sales/Revenue	20.62M	27.65M	29.41M	18.79M	17.36M	63.52M	89M	40.43M
Revenue Growth %	-	34.1%	6.38%	-36.1%	-7.64%	265.89%	40.13%	-54.57%
Cost of Goods Sold	16.81M	22.4M	25.36M	16.01M	15.43M	104.77M	85.93M	39.64M
COGS % of Revenue	81.52%	81.02%	86.22%	85.19%	88.88%	164.95%	96.55%	98.04%
Gross Profit	3.81M▲ 0%	5.25M▲ 37.7%	4.05M▼ 22.8%	2.78M▼ 31.3%	-120.17K▼ 104.3%	2.72M▲ 2359.8%	3.07M▲ 13.2%	792.8K▼ 74.2%
Gross Margin %	18.48%	18.98%	13.78%	14.81%	-0.69%	4.28%	3.45%	1.96%
Gross Profit Growth %	-	37.74%	-22.78%	-31.31%	-104.32%	2359.78%	13.2%	-74.21%
Operating Expenses	1.49M	1.21M	1.38M	1.37M	367.63K	2.82M	2.23M	4.83M
OpEx % of Revenue	7.24%	4.39%	4.68%	7.3%	2.12%	4.43%	2.5%	11.94%
Selling, General & Admin	1.49M	1.21M	1.38M	1.37M	2.42M	6.43M	2.23M	4.83M
SG&A % of Revenue	7.24%	4.39%	4.68%	7.3%	13.93%	10.13%	2.5%	11.94%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	-2.05M	-3.62M	0	0
Operating Income	2.32M▲ 0%	4.03M▲ 74.1%	2.68M▼ 33.7%	1.41M▼ 47.2%	-487.8K▼ 134.6%	-100.05K▲ 79.5%	848.9K▲ 948.5%	-4.03M▼ 575.3%
Operating Margin %	11.24%	14.59%	9.1%	7.51%	-2.81%	-0.16%	0.95%	-9.98%
Operating Income Growth %	-	74.1%	-33.7%	-47.22%	-134.55%	79.49%	948.46%	-575.27%
EBITDA	3.57M	5.41M	4.04M	2.93M	950.51K	2.09M	1.73M	-3.23M
EBITDA Margin %	17.3%	19.57%	13.74%	15.6%	5.48%	3.3%	1.94%	-7.99%
EBITDA Growth %	-	51.7%	-25.3%	-27.46%	-67.57%	120.29%	-17.5%	-286.96%
D&A (Non-Cash Add-back)	1.25M	1.37M	1.37M	1.52M	1.44M	2.19M	878.57K	804.92K
EBIT	2.22M	4.22M	2.68M	1.52M	-406.81K	957.15K	1.08M	-5.78M
Net Interest Income	-289.97K	-355.33K	-370.68K	-374.05K	-396.19K	-789.31K	-450.32K	-369.01K
Interest Income	0	0	0	0	0	0	0	0
Interest Expense	289.97K	355.33K	370.68K	374.05K	396.19K	789.31K	450.32K	369.01K
Other Income/Expense	-391.12K	-173.85K	-211.02K	-263.07K	-315.19K	267.89K	-215.24K	-2.12M
Pretax Income	1.93M▲ 0%	3.86M▲ 100.4%	2.46M▼ 36.2%	1.15M▼ 53.4%	-803K▼ 169.9%	167.84K▲ 120.9%	633.66K▲ 277.5%	-6.15M▼ 1071.0%
Pretax Margin %	9.34%	13.97%	8.38%	6.11%	-4.63%	0.26%	0.71%	-15.22%
Income Tax	688.26K	1.01M	821.25K	366.44K	135.41K	226.17K	268.57K	34.41K
Effective Tax Rate %	35.73%	26.06%	33.33%	31.9%	-16.86%	134.75%	42.38%	-0.56%
Net Income	1.24M▲ 0%	2.85M▲ 130.6%	1.64M▼ 42.5%	782.3K▼ 52.4%	-938.41K▼ 220.0%	1.9M▲ 302.1%	-9.58M▼ 605.2%	-6.19M▲ 35.4%
Net Margin %	6.01%	10.33%	5.59%	4.16%	-5.41%	2.99%	-10.76%	-15.3%
Net Income Growth %	-	130.59%	-42.46%	-52.38%	-219.96%	302.06%	-605.21%	35.41%
Net Income (Continuing)	1.24M	2.85M	1.64M	782.3K	-938.41K	-58.33K	365.09K	-6.19M
Discontinued Operations	0	0	0	0	0	1.95M	-9.94M	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)	0.10▲ 0%	0.24▲ 140.0%	0.13▼ 45.8%	0.08▼ 37.5%	-0.05▼ 160.7%	0.09▲ 279.5%	-2.98▼ 3467.2%	-1.15▲ 61.4%
EPS Growth %	-	140%	-45.83%	-37.54%	-160.71%	279.51%	-3467.23%	61.41%
EPS (Basic)	0.10	0.24	0.13	0.08	-0.05	0.09	-0.61	-1.14
Diluted Shares Outstanding	12M	12M	12.45M	9.63M	19.04M	21.43M	3.21M	5.4M
Basic Shares Outstanding	12M	12M	12.45M	9.63M	19.04M	21.43M	15.8M	5.42M
Dividend Payout Ratio	35.5%	127.17%	-	-	-	-	-	-

YGMZ Balance Sheet

MingZhu Logistics Holdings Limited (YGMZ) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Total Current Assets	11.47M	10.57M	15.43M	30.2M	39.61M	66.25M	83.84M	44.97M
Cash & Short-Term Investments	352.75K	648.1K	223.51K	2.11M	5.75M	3.85M	3.68M	698.24K
Cash Only	352.75K	648.1K	223.51K	2.11M	5.75M	5.69M	3.68M	698.24K
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	9.51M	7.89M	13.27M	17.53M	4.76M	45.11M	62.9M	31.8M
Days Sales Outstanding	168.46	104.13	164.67	340.51	100.14	259.24	257.97	287.1
Inventory	173.51K	4.02K	104.79K	370.85K	184K	1.11M	71.31K	0
Days Inventory Outstanding	3.77	0.07	1.51	8.45	4.35	3.87	0.3	-
Other Current Assets	0	160.21K	-104.79K	9.13M	23.44M	9.14M	-71.31K	0
Total Non-Current Assets	5.83M	5.32M	4.96M	3.74M	36.75M	45.21M	43.51M	45.36M
Property, Plant & Equipment	5.43M	4.99M	4.6M	3.45M	12.22M	9.07M	1.46M	729.15K
Fixed Asset Turnover	3.80x	5.54x	6.40x	5.45x	1.42x	7.00x	60.84x	55.45x
Goodwill	0	0	0	0	14.16M	33.24M	41.11M	41.11M
Intangible Assets	0	0	0	0	0	0	0	0
Long-Term Investments	5.51M	847.09K	847.09K	847.09K	847.09K	847.09K	847.09K	501.15K
Other Non-Current Assets	367.6K	304.61K	344.97K	261.99K	9.48M	1.81M	-12.78K	2.9M
Total Assets	17.3M▲ 0%	15.88M▼ 8.2%	20.39M▲ 28.3%	33.94M▲ 66.5%	82.35M▲ 142.6%	111.46M▲ 35.3%	127.35M▲ 14.3%	90.33M▼ 29.1%
Asset Turnover	1.19x	1.74x	1.44x	0.55x	0.21x	0.57x	0.70x	0.45x
Asset Growth %	-	-8.17%	28.35%	66.49%	142.63%	35.35%	14.26%	-29.07%
Total Current Liabilities	11.62M	5.52M	9.84M	12.5M	34.3M	47.79M	82.68M	44.98M
Accounts Payable	1.71M	845.09K	1.57M	1.42M	1.34M	6.93M	18.43M	4.55M
Days Payables Outstanding	37.12	13.77	22.54	32.27	31.81	24.15	78.29	41.87
Short-Term Debt	3.84M	1.39M	3.99M	6.79M	7.99M	9.94M	20.26M	3.12M
Deferred Revenue (Current)	19.69K	50.66K	125.74K	0	153.4K	3.15M	0	0
Other Current Liabilities	3.36M	549.17K	832.5K	3.95M	22.01M	23.73M	34.86M	0
Current Ratio	0.99x	1.92x	1.57x	2.42x	1.15x	1.39x	1.01x	1.00x
Quick Ratio	0.97x	1.91x	1.56x	2.39x	1.15x	1.36x	1.01x	1.00x
Cash Conversion Cycle	135.11	90.43	143.65	316.7	72.68	238.96	179.98	-
Total Non-Current Liabilities	638.46K	1.86M	517.87K	164.39K	380.05K	1.41M	121.09K	594.72K
Long-Term Debt	0	1.13M	355.93K	136.4K	179.34K	253.35K	121.09K	594.72K
Capital Lease Obligations	638.46K	726.65K	161.94K	27.99K	200.71K	1.16M	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	1.16M	0	0
Total Liabilities	12.26M	7.38M	10.36M	12.67M	34.68M	63.35M	82.8M	45.58M
Total Debt	5.63M	3.99M	5.22M	7M	10.64M	11.41M	20.39M	3.71M
Net Debt	5.27M	3.34M	5M	4.9M	4.89M	7.09M	16.71M	3.01M
Debt / Equity	1.12x	0.47x	0.52x	0.33x	0.22x	0.24x	0.46x	0.08x
Debt / EBITDA	1.58x	0.74x	1.29x	2.39x	11.19x	5.45x	11.80x	-
Net Debt / EBITDA	1.48x	0.62x	1.24x	1.67x	5.14x	3.39x	9.67x	-
Interest Coverage	7.99x	11.35x	7.22x	3.77x	-1.23x	-0.13x	1.89x	-10.93x
Total Equity	5.04M▲ 0%	8.51M▲ 68.7%	10.03M▲ 17.9%	21.27M▲ 112.2%	47.67M▲ 124.1%	48.1M▲ 0.9%	44.56M▼ 7.4%	44.75M▲ 0.4%
Equity Growth %	-	68.73%	17.89%	112.18%	124.07%	0.91%	-7.37%	0.44%
Book Value per Share	0.42	0.71	0.81	2.21	2.50	2.24	13.87	8.29
Total Shareholders' Equity	5.04M	8.51M	10.03M	21.27M	47.67M	48.1M	44.56M	44.75M
Common Stock	9.25K	9.25K	9K	12.35K	19.13K	22.96K	27.53K	53.43K
Retained Earnings	2.25M	4.82M	6.24M	6.91M	5.93M	7.7M	4.9M	-1.29M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	540.01K	406.84K	508.25K	1.38M	775.77K	-512.97K	-746.24K	-1.03M
Minority Interest	0	0	0	0	0	0	0	0

YGMZ Cash Flow Statement

MingZhu Logistics Holdings Limited (YGMZ) cash flow — operating, investing & free cash flow history

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Cash from Operations	1.93M	3.8M	1.12M	-890.21K	-23.78M	-3.95M	-10.08M	-2.59M
Operating CF Margin %	9.38%	13.74%	3.8%	-4.74%	-137.01%	-6.23%	-11.33%	-6.41%
Operating CF Growth %	-	96.44%	-70.59%	-179.67%	-2571.75%	83.38%	-154.92%	74.27%
Net Income	1.24M	2.85M	1.64M	782.3K	-938.41K	1.9M	365.09K	-6.19M
Depreciation & Amortization	1.25M	1.37M	1.37M	1.52M	1.44M	3.84M	878.57K	804.92K
Stock-Based Compensation	108.03K	70.4K	8.8K	64.89K	251.74K	0	0	0
Deferred Taxes	-25.61K	3.01K	2.45K	-10.38K	-2.83K	-202.75K	-115.59K	0
Other Non-Cash Items	103.48K	217.93K	176.39K	124.4K	55.64K	1.71M	1.66M	5M
Working Capital Changes	-738.47K	-721.97K	-2.08M	-3.37M	-24.59M	-11.2M	-12.87M	-2.21M
Change in Receivables	-3.16M	-72.26K	-3.65M	5.84M	1.63M	-3.26M	-18.21M	11.95M
Change in Inventory	669.88K	166.64K	4K	0	0	0	0	0
Change in Payables	443.38K	-803.36K	741.83K	-240.89K	-874.84K	4.21M	11.12M	-13.88M
Cash from Investing	506.45K	-16.51K	-917.29K	-156.03K	1.28M	2.73M	89.95K	-580.36K
Capital Expenditures	-101.35K	-108.59K	-917.29K	-156.03K	-199.48K	-12.24K	0	-103.97K
CapEx % of Revenue	0.49%	0.39%	3.12%	0.83%	1.15%	0.02%	0%	0.26%
Acquisitions	607.8K	92.08K	0	0	1.48M	2.71M	0	-501.15K
Investments	-	-	-	-	-	-	-	-
Other Investing	607.8K	92.08K	0	0	0	24.91K	89.95K	24.76K
Cash from Financing	-2.7M	-3.3M	-788.77K	12.31M	16.66M	793.26K	8.55M	491.08K
Debt Issued (Net)	-654.45K	-2.34M	-704.7K	1.18M	-723.68K	3.39M	10.41M	-839.27K
Equity Issued (Net)	-439.48K	0	0	1000K	1000K	0	0	1000K
Dividends Paid	-439.48K	-3.63M	0	0	0	0	0	0
Share Repurchases	-439.48K	-3.63M	0	0	0	0	0	0
Other Financing	-1.17M	-956.82K	-84.07K	175.92K	-1.08M	-2.6M	-1.86M	-669.64K
Net Change in Cash	-234.62K▲ 0%	455.56K▲ 294.2%	-584.8K▼ 228.4%	11.38M▲ 2046.3%	-5.85M▼ 151.4%	-64.81K▲ 98.9%	-1.68M▼ 2496.3%	-2.98M▼ 77.0%
Free Cash Flow	1.83M▲ 0%	3.69M▲ 101.4%	200.11K▼ 94.6%	-1.05M▼ 622.8%	-23.98M▼ 2192.4%	-3.97M▲ 83.5%	-10.08M▼ 154.1%	-2.7M▲ 73.2%
FCF Margin %	8.89%	13.35%	0.68%	-5.57%	-138.16%	-6.24%	-11.33%	-6.67%
FCF Growth %	-	101.38%	-94.58%	-622.84%	-2192.37%	83.46%	-154.13%	73.24%
FCF per Share	0.15	0.31	0.02	-0.11	-1.26	-0.19	-3.14	-0.50
FCF Conversion (FCF/Net Income)	1.56x	1.33x	0.68x	-1.14x	25.35x	-2.09x	1.05x	0.42x
Interest Paid	285.84K	345.65K	370.68K	310.68K	396.19K	290.11K	611.71K	241.47K
Taxes Paid	482.71K	633.29K	43.9K	108.21K	1.44M	77.18K	195.24K	182.63K

YGMZ Key Ratios

MingZhu Logistics Holdings Limited (YGMZ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	24.56%	42.15%	17.73%	5%	-2.72%	3.96%	-20.68%	-13.86%
Return on Invested Capital (ROIC)	16.85%	27.31%	14.93%	5.14%	-0.93%	-0.14%	1.11%	-5.55%
Gross Margin	18.48%	18.98%	13.78%	14.81%	-0.69%	4.28%	3.45%	1.96%
Net Margin	6.01%	10.33%	5.59%	4.16%	-5.41%	2.99%	-10.76%	-15.3%
Debt / Equity	1.12x	0.47x	0.52x	0.33x	0.22x	0.24x	0.46x	0.08x
Interest Coverage	7.99x	11.35x	7.22x	3.77x	-1.23x	-0.13x	1.89x	-10.93x
FCF Conversion	1.56x	1.33x	0.68x	-1.14x	25.35x	-2.09x	1.05x	0.42x
Revenue Growth	-	34.1%	6.38%	-36.1%	-7.64%	265.89%	40.13%	-54.57%

YGMZ Frequently Asked Questions

MingZhu Logistics Holdings Limited (YGMZ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MingZhu Logistics Holdings Limited (YGMZ) reported $40.4M in revenue for fiscal year 2024. This represents a 96% increase from $20.6M in 2017.

MingZhu Logistics Holdings Limited (YGMZ) saw revenue decline by 54.6% over the past year.

MingZhu Logistics Holdings Limited (YGMZ) reported a net loss of $6.2M for fiscal year 2024.

Dividend & Returns

MingZhu Logistics Holdings Limited (YGMZ) has a return on equity (ROE) of -13.9%. Negative ROE indicates the company is unprofitable.

MingZhu Logistics Holdings Limited (YGMZ) had negative free cash flow of $2.7M in fiscal year 2024, likely due to heavy capital investments.

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MingZhu Logistics Holdings Limited(YGMZ)Earnings, Financials & Key Ratios

YGMZ•NASDAQ

Price updated Jun 19, 2026

SectorIndustrials IndustryTrucking Sub-IndustryTruckload and Specialized Carriers

Revenue$40M-54.6%
EBITDA-$3M-287.0%
Net Income-$6M+35.4%
EPS (Diluted)-1.15+61.4%
Gross Margin1.96%-43.2%
EBITDA Margin-7.99%-511.6%
Operating Margin-9.98%-1146.2%
Net Margin-15.3%-42.2%
ROE-13.86%+33.0%