MingZhu Logistics Holdings Limited (YGMZ) Revenue History
Annual and quarterly revenue from 2017 to present
YGMZ Revenue Over Time (2017–2024)
YGMZ Revenue Growth History
4 of 7 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +34.1%
- FY2019 revenue growth
- +6.4%
- FY2020 revenue growth
- -36.1%
- FY2021 revenue growth
- -7.6%
- FY2022 revenue growth
- +265.9%
- FY2023 revenue growth
- +40.1%
- FY2024 revenue growth
- -54.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $8.8M | -73.4% |
| Q3 2024 | $8.8M | — |
| Q2 2024 | $11.4M | -59.2% |
| Q1 2024 | $11.4M | -59.2% |
| Q4 2023 | $32.9M | +22.5% |
| Q2 2023 | $28.0M | -53.5% |
| Q1 2023 | $28.0M | -7.0% |
| Q4 2022 | $26.9M | +246.4% |
Multi-year avg. share of annual revenue by fiscal quarter
YGMZ Revenue Analysis (2017–2024)
Current Revenue & Growth
As of June 28, 2026, MingZhu Logistics Holdings Limited (YGMZ) generated trailing twelve-month (TTM) revenue of $40.4 million, reflecting significant decline in growth of -73.4% year-over-year. The most recent quarter (Q4 2024) recorded $8.8 million in revenue, up 0.0% sequentially.
Historical Growth Trajectory
YGMZ's 5-year compound annual growth rate (CAGR) stands at +6.6%, indicating steady revenue expansion. The 3-year CAGR of +32.6% exceeds the 5-year average, indicating an acceleration in the most recent period. MingZhu Logistics Holdings Limited's highest annual revenue of $89.0 million was recorded in 2023.
Peer Comparison
Compared to Industrials sector peers — including GFL (+0.3% YoY), HTHT (+7.4% YoY), and ZTO (+14.7% YoY) — YGMZ has underperformed the peer group in revenue growth. Compare YGMZ vs GFL →
YGMZ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| YGMZCurrent | $40M | -73.4% | +6.6% | -10.0% | |
 GFL | $6.6B | +0.3% | +9.5% | 5.2% | |
 HTHT | $24.6B | +7.4% | +19.3% | 25.4% | |
 ZTO | $47.8B | +14.7% | +13.6% | 19.6% | |
 XPO | $8.2B | +3.6% | +5.7% | 8.9% | |
 SAIA | $3.2B | +0.3% | +12.2% | 10.9% |
YGMZ Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $40.4M | -54.6% | $793K | 2.0% | $-4,034,531 | -10.0% |
| 2023 | $89.0M | +40.1% | $3.1M | 3.5% | $849K | 1.0% |
| 2022 | $63.5M | +265.9% | $2.7M | 4.3% | $-100,052 | -0.2% |
| 2021 | $17.4M | -7.6% | $-120,171 | -0.7% | $-487,804 | -2.8% |
| 2020 | $18.8M | -36.1% | $2.8M | 14.8% | $1.4M | 7.5% |
| 2019 | $29.4M | +6.4% | $4.1M | 13.8% | $2.7M | 9.1% |
| 2018 | $27.6M | +34.1% | $5.2M | 19.0% | $4.0M | 14.6% |
| 2017 | $20.6M | - | $3.8M | 18.5% | $2.3M | 11.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
YGMZ — Frequently Asked Questions
Quick answers to the most common questions about buying YGMZ stock.
Is YGMZ's revenue growth accelerating or slowing?
YGMZ revenue is declining -73.4% year-over-year. TTM revenue fell to $40M, contrasting with the 5-year CAGR of +6.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is YGMZ's revenue history from 2017 to 2026?
MingZhu Logistics Holdings Limited (YGMZ) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $40M, growing at -73.4% YoY. The 5-year CAGR is +6.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is YGMZ's long-term revenue growth rate (CAGR)?
MingZhu Logistics Holdings Limited's 5-year revenue CAGR of +6.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -73.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for YGMZ.
Why does YGMZ's quarterly revenue fluctuate?
YGMZ quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. MingZhu Logistics Holdings Limited's revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is YGMZ's revenue distributed by segment?
YGMZ reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does YGMZ's revenue compare to industry peers?
MingZhu Logistics Holdings Limited (YGMZ) with TTM revenue of $40M and -73.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.