Full Truck Alliance Co. Ltd. (YMM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when YMM posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Full Truck Alliance Co. Ltd. (YMM) stock price & volume — 10-year historical chart
Full Truck Alliance Co. Ltd. (YMM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Full Truck Alliance Co. Ltd. (YMM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 21, 2026 | $0.17vs $0.13+30.8% | $413Mvs $389M+6.2% |
| Q2 2026 | Mar 12, 2026 | $0.14vs $0.14+0.0% | $480Mvs $447M+7.4% |
| Q4 2025 | Nov 17, 2025 | $0.13vs $0.14-7.1% | $472Mvs $3.1B-84.9% |
| Q3 2025 | Aug 21, 2025 | $0.18vs $0.16+12.5% | $452Mvs $3.1B-85.5% |
Full Truck Alliance Co. Ltd. (YMM) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
Full Truck Alliance Co. Ltd. (YMM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Full Truck Alliance Co. Ltd. (YMM) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.47B | 2.58B | 4.66B | 6.73B | 8.44B | 11.24B | 12.15B | 12.14B |
Revenue Growth % | - | 4.36% | 80.45% | 44.59% | 25.28% | 33.22% | 8.11% | 25.14% |
Cost of Goods Sold | 1.39B | 1.32B | 2.54B | 3.51B | 1.23B | 1.5B | 4.42B | 3.49B |
COGS % of Revenue | 56.2% | 50.99% | 54.54% | 52.19% | 14.61% | 13.38% | 36.4% | - |
Gross Profit | 1.08B▲ 0% | 1.26B▲ 16.8% | 2.12B▲ 67.4% | 3.22B▲ 52.1% | 7.2B▲ 123.8% | 9.73B▲ 35.1% | 7.73B▼ 20.6% | 8.66B▲ 0% |
Gross Margin % | 43.8% | 49.01% | 45.46% | 47.81% | 85.39% | 86.62% | 63.6% | 71.27% |
Gross Profit Growth % | - | 16.77% | 67.38% | 52.06% | 123.78% | 35.14% | -20.63% | - |
Operating Expenses | 2.1B | 4.88B | 5.91B | 3.38B | 6.21B | 7.26B | 3.74B | 4.72B |
OpEx % of Revenue | 85.07% | 189.06% | 126.97% | 50.21% | 73.57% | 64.6% | 30.82% | - |
Selling, General & Admin | 1.59B | 4.39B | 5.11B | 2.32B | 2.18B | 2.51B | 2.82B | 2.49B |
SG&A % of Revenue | 64.4% | 170.21% | 109.69% | 34.46% | 25.8% | 22.34% | 23.24% | - |
Research & Development | 396.69M | 413.37M | 729.67M | 914.15M | 946.63M | 880.02M | 850.61M | 783.15M |
R&D % of Revenue | 16.04% | 16.02% | 15.67% | 13.58% | 11.22% | 7.83% | 7% | - |
Other Operating Expenses | 114.57M | 73.13M | 74.84M | 146.74M | 3.08B | 3.87B | 70.06M | 4M |
Operating Income | -1.02B▲ 0% | -3.61B▼ 254.2% | -3.8B▼ 5.0% | -162M▲ 95.7% | 997.43M▲ 715.7% | 2.47B▲ 148.1% | 3.98B▲ 60.9% | 3.94B▲ 0% |
Operating Margin % | -41.27% | -140.06% | -81.51% | -2.41% | 11.82% | 22.02% | 32.78% | 32.44% |
Operating Income Growth % | - | -254.16% | -5.02% | 95.73% | 715.69% | 148.14% | 60.9% | - |
EBITDA | -949.89M | -3.55B | -3.73B | -73.66M | 1.07B | 2.55B | 3.98B | 3.98B |
EBITDA Margin % | -38.41% | -137.59% | -80.06% | -1.09% | 12.71% | 22.72% | 32.78% | 32.75% |
EBITDA Growth % | - | -273.82% | -5% | 98.02% | 1555.59% | 138.11% | 55.99% | 173.59% |
D&A (Non-Cash Add-back) | 70.71M | 63.67M | 67.42M | 88.34M | 74.74M | 77.93M | 0 | 37.37M |
EBIT | -1.52B | -3.44B | -3.64B | -162.49M | 2.33B | 2.47B | 3.98B | 3.94B |
Net Interest Income | 189.31M | 201.47M | 234.61M | 483.48M | 1.14B | 1.07B | 1.02B | 949.55M |
Interest Income | 229.31M | 209.83M | 234.65M | 483.66M | 1.14B | 1.07B | 1.02B | 949.55M |
Interest Expense | 40M | 8.37M | 40K | 175K | 0 | 0 | 0 | 0 |
Other Income/Expense | -535.74M | 163.01M | 155.61M | 669.94M | 1.34B | 887.87M | 1.26B | 815.83M |
Pretax Income | -1.56B▲ 0% | -3.45B▼ 121.8% | -3.64B▼ 5.5% | 507.94M▲ 114.0% | 2.33B▲ 359.5% | 3.36B▲ 44.1% | 5.24B▲ 55.9% | 4.76B▲ 0% |
Pretax Margin % | -62.93% | -133.74% | -78.17% | 7.54% | 27.67% | 29.92% | 43.14% | 39.16% |
Income Tax | -14.68M | 19.34M | 14.19M | 96.03M | 106.8M | 239.41M | 903.84M | 514.93M |
Effective Tax Rate % | 0.94% | -0.56% | -0.39% | 18.91% | 4.58% | 7.12% | 17.24% | 10.83% |
Net Income | -1.52B▲ 0% | -3.47B▼ 127.8% | -3.65B▼ 5.3% | 406.76M▲ 111.1% | 2.21B▲ 444.0% | 3.07B▲ 38.7% | 4.29B▲ 39.7% | 4.18B▲ 0% |
Net Margin % | -61.61% | -134.49% | -78.47% | 6.04% | 26.23% | 27.32% | 35.29% | 34.41% |
Net Income Growth % | - | -127.8% | -5.29% | 111.13% | 444.03% | 38.73% | 39.68% | 60.55% |
Net Income (Continuing) | -1.54B | -3.47B | -3.65B | 411.9M | 2.23B | 3.12B | 4.34B | 4.24B |
Discontinued Operations | 0 | 452K | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 430K | 422K | 73.44M | 149.77M | 290.22M | 458.45M | 1.24B | 594.97M |
EPS (Diluted) | -1.42▲ 0% | -3.20▼ 125.4% | -3.40▼ 6.2% | 0.40▲ 111.8% | 2.00▲ 400.0% | 2.94▲ 47.0% | 4.20▲ 42.9% | 3.99▲ 0% |
EPS Growth % | - | -125.35% | -6.25% | 111.76% | 400% | 47% | 42.86% | 1693.33% |
EPS (Basic) | -1.42 | -3.20 | -3.40 | 0.40 | 2.00 | 2.95 | 4.20 | - |
Diluted Shares Outstanding | 1.09B | 1.09B | 1.08B | 1.08B | 1.06B | 1.05B | 1.05B | 1.05B |
Basic Shares Outstanding | 1.09B | 1.09B | 1.08B | 1.08B | 1.06B | 1.04B | 1.04B | 1.04B |
Dividend Payout Ratio | - | - | - | - | - | 34.66% | 33.23% | - |
Full Truck Alliance Co. Ltd. (YMM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 12.5B | 20.68B | 28.9B | 31B | 24B | 27.26B | 23.07B | 23.8B |
Cash & Short-Term Investments | 10.3B | 18.79B | 25.92B | 26.22B | 18.29B | 20.81B | 17.2B | 16.74B |
Cash Only | 3.98B | 10.06B | 4.28B | 5.14B | 6.77B | 5.81B | 6.14B | 4.4B |
Short-Term Investments | 6.31B | 8.73B | 21.63B | 21.09B | 11.52B | 15B | 11.06B | 12.34B |
Accounts Receivable | 89.34M | 149.97M | 170.83M | 4.58B | 5.23B | 6.12B | 4.93B | 4.91B |
Days Sales Outstanding | 13.19 | 21.21 | 13.39 | 248.17 | 226.47 | 198.79 | 148.1 | 149.67 |
Inventory | 193.36M | 107.36M | 65.82M | 83.76M | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | 50.78 | 29.78 | 9.46 | 8.7 | - | - | - | - |
Other Current Assets | 2.12B | 1.59B | 2.57B | 35.95M | 5.69B | 210.79M | 941.15M | 2.15B |
Total Non-Current Assets | 4.46B | 4.45B | 5.5B | 5.69B | 15.35B | 14.03B | 21.28B | 18.8B |
Property, Plant & Equipment | 51.36M | 81.98M | 102.16M | 240.82M | 329.44M | 407.37M | 550.06M | 446.42M |
Fixed Asset Turnover | 48.15x | 31.48x | 45.59x | 27.96x | 25.61x | 27.59x | 22.09x | 29.51x |
Goodwill | 2.78B | 2.87B | 3.12B | 3.12B | 3.12B | 3.12B | 4.03B | 3.12B |
Intangible Assets | 529.23M | 491.28M | 557.02M | 502.42M | 449.9M | 393.48M | 757.89M | 367.06M |
Long-Term Investments | 985.26M | 875.21M | 1.68B | 1.77B | 11.08B | 9.88B | 15.35B | 43.78B |
Other Non-Current Assets | 94M | 117.5M | 17.35M | 8.43M | 370.75M | 227.21M | 346.73M | 272.99M |
Total Assets | 16.96B▲ 0% | 25.13B▲ 48.2% | 34.4B▲ 36.9% | 36.7B▲ 6.7% | 39.35B▲ 7.2% | 41.29B▲ 4.9% | 44.35B▲ 7.4% | 42.6B▲ 0% |
Asset Turnover | 0.15x | 0.10x | 0.14x | 0.18x | 0.21x | 0.27x | 0.27x | 0.29x |
Asset Growth % | - | 48.21% | 36.86% | 6.68% | 7.23% | 4.93% | 7.42% | 24.12% |
Total Current Liabilities | 2.28B | 1.96B | 2.73B | 2.73B | 3.27B | 3.02B | 2.85B | 2.68B |
Accounts Payable | 17.98M | 23.84M | 29.38M | 27.95M | 25.22M | 31.23M | 37.77M | 29.48M |
Days Payables Outstanding | 4.72 | 6.61 | 4.22 | 2.9 | 7.47 | 7.58 | 3.12 | 3.07 |
Short-Term Debt | 500M | 0 | 9M | 0 | 0 | 0 | 33.87M | 0 |
Deferred Revenue (Current) | 1.13B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 38.92M | 1.3B | 1.47B | 1.49B | 1.89B | 907.4M | 2.36B | 646.86M |
Current Ratio | 5.48x | 10.54x | 10.57x | 11.35x | 7.33x | 9.03x | 8.09x | 8.89x |
Quick Ratio | 5.39x | 10.49x | 10.55x | 11.32x | 7.33x | 9.03x | 8.09x | 8.89x |
Cash Conversion Cycle | 59.24 | 44.38 | 18.63 | 253.97 | - | - | - | 146.6 |
Total Non-Current Liabilities | 123.33M | 118.78M | 135.76M | 157.54M | 178.25M | 131.91M | 199.52M | 108.68M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 35.93M | 46.71M | 23.93M | 1.49M | 81.17M |
Deferred Tax Liabilities | 123.33M | 118.78M | 135.76M | 121.61M | 108.59M | 0 | 185.7M | 280.2M |
Other Non-Current Liabilities | 0 | 0 | 0 | 121.61M | 22.95M | 107.98M | 12.34M | 10.92M |
Total Liabilities | 2.4B | 2.08B | 2.87B | 2.89B | 3.45B | 3.15B | 3.05B | 2.79B |
Total Debt | 500M | 0 | 9M | 80.52M | 84.47M | 65.13M | 35.35M | 52.15M |
Net Debt | -3.48B | -10.06B | -4.28B | -5.06B | -6.69B | -5.75B | -6.1B | -4.35B |
Debt / Equity | 0.03x | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Debt / EBITDA | - | - | - | - | 0.08x | 0.03x | 0.01x | 0.01x |
Net Debt / EBITDA | - | - | - | - | -6.24x | -2.25x | -1.53x | -1.09x |
Interest Coverage | -37.91x | -411.52x | -91007.43x | -928.49x | - | - | - | - |
Total Equity | 14.55B▲ 0% | 23.05B▲ 58.4% | 31.53B▲ 36.8% | 33.81B▲ 7.2% | 35.89B▲ 6.2% | 38.14B▲ 6.2% | 41.3B▲ 8.3% | 39.81B▲ 0% |
Equity Growth % | - | 58.39% | 36.77% | 7.23% | 6.18% | 6.24% | 8.29% | 29.81% |
Book Value per Share | 13.40 | 21.23 | 29.30 | 31.33 | 33.92 | 36.49 | 39.47 | 37.99 |
Total Shareholders' Equity | 14.55B | 23.05B | 31.46B | 33.66B | 35.6B | 37.68B | 40.06B | 39.22B |
Common Stock | 226K | 296K | 1.42M | 1.38M | 1.37M | 1.34M | 1.35M | 1.34M |
Retained Earnings | -9.9B | -13.37B | -17.02B | -16.61B | -14.4B | -11.37B | -7.02B | -8.91B |
Treasury Stock | 0 | 0 | 0 | 0 | -608.12M | 0 | 0 | 0 |
Accumulated OCI | 1.57B | 1.07B | 538.65M | 2.51B | 2.9B | 3.22B | 2.72B | 3.13B |
Minority Interest | 430K | 422K | 73.44M | 149.77M | 290.22M | 458.45M | 1.24B | 594.97M |
Full Truck Alliance Co. Ltd. (YMM) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -923.97M | 574.74M | -211.42M | -15.52M | 2.27B | 2.97B | 4.63B | 0 |
Operating CF Margin % | -37.36% | 22.27% | -4.54% | -0.23% | 26.9% | 26.43% | 38.08% | - |
Operating CF Growth % | - | 162.2% | -136.78% | 92.66% | 14724.01% | 30.86% | 55.78% | 0% |
Net Income | -1.52B | -3.47B | -3.65B | 411.9M | 2.23B | 3.12B | 4.46B | 4.18B |
Depreciation & Amortization | 70.71M | 63.67M | 67.42M | 88.34M | 74.74M | 77.93M | 100.01M | 0 |
Stock-Based Compensation | 455.63M | 3.25B | 3.63B | 919.25M | 441.83M | 496.64M | 281.56M | 404.53M |
Deferred Taxes | 0 | 0 | 392.42M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 902.48M | 361.18M | -25.88M | 265.15M | 234.85M | 693.78M | 376.27M | -4.58B |
Working Capital Changes | -829.13M | 366.04M | -619.46M | -1.7B | -708.87M | -1.42B | -590.04M | 0 |
Change in Receivables | -6.45M | -16.4M | 18.8M | 14.07M | -10.04M | -971.29M | -1.14B | 0 |
Change in Inventory | -779.88M | 389.08M | -630.82M | 0 | -575.48M | 0 | 0 | 0 |
Change in Payables | -18.46M | 5.86M | 5.31M | -1.43M | -2.73M | 6.01M | 2.8M | 0 |
Cash from Investing | -3.39B | -2.69B | -14.4B | 2.13B | 553.74M | -2.42B | -2.72B | 0 |
Capital Expenditures | -10.42M | -53.06M | -43.22M | -85.69M | -100.34M | 0 | -129.71M | 0 |
CapEx % of Revenue | 0.42% | 2.06% | 0.93% | 1.27% | 1.19% | 0.67% | 1.07% | 0% |
Acquisitions | 2.07M | -17.73M | -230.48M | -75.08M | 0 | 0 | 22.64M | 0 |
Investments | - | - | - | - | - | - | - | - |
Other Investing | -3.95M | 187.71M | 7.16M | 735K | 1.4M | -2.42B | 104K | 0 |
Cash from Financing | 1.69B | 8.32B | 8.9B | -1.33B | -1.17B | -1.52B | -1.66B | 0 |
Debt Issued (Net) | -14.41M | -1.81B | 0 | -9M | 0 | 0 | 0 | 0 |
Equity Issued (Net) | 1.29B | 10.52B | 8.86B | -1.39B | -1.37B | -575.27M | -420.32M | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | -1.06B | -1.43B | 0 |
Share Repurchases | -384.88M | -557.84M | -2.59B | -1.39B | -1.37B | -575.27M | -406.94M | 0 |
Other Financing | 420.1M | -388.61M | 42.12M | 71.2M | 207.82M | 119.69M | 189.51M | 0 |
Net Change in Cash | -2.6B▲ 0% | 6.08B▲ 333.7% | -5.8B▼ 195.3% | 857.46M▲ 114.8% | 1.68B▲ 95.4% | -945.53M▼ 156.4% | 215.55M▲ 122.8% | 0▲ 0% |
Free Cash Flow | -934.38M▲ 0% | 521.68M▲ 155.8% | -254.64M▼ 148.8% | -101.21M▲ 60.3% | 2.17B▲ 2243.5% | 2.9B▲ 33.5% | 4.5B▲ 55.3% | 0▲ 0% |
FCF Margin % | -37.78% | 20.21% | -5.47% | -1.5% | 25.71% | 25.76% | 37.02% | 0% |
FCF Growth % | - | 155.83% | -148.81% | 60.26% | 2243.45% | 33.46% | 55.33% | - |
FCF per Share | -0.86 | 0.48 | -0.24 | -0.09 | 2.05 | 2.77 | 4.30 | 0.00 |
FCF Conversion (FCF/Net Income) | 0.61x | -0.17x | 0.06x | -0.04x | 1.03x | 0.97x | 1.08x | 0.00x |
Interest Paid | 39.92M | 9.05M | 65K | 175K | 0 | 0 | 0 | 0 |
Taxes Paid | 5.25M | 16.38M | 49.61M | 110.49M | 124.73M | 108.72M | 1.02B | 0 |
Full Truck Alliance Co. Ltd. (YMM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -18.46% | -13.39% | 1.25% | 6.35% | 8.29% | 10.8% | 10.89% |
Return on Invested Capital (ROIC) | -22.53% | -14.15% | -0.43% | 2.58% | 6.03% | 8.84% | 9.04% |
Gross Margin | 49.01% | 45.46% | 47.81% | 85.39% | 86.62% | 63.6% | 71.27% |
Net Margin | -134.49% | -78.47% | 6.04% | 26.23% | 27.32% | 35.29% | 34.41% |
Debt / Equity | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Interest Coverage | -411.52x | -91007.43x | -928.49x | - | - | - | - |
FCF Conversion | -0.17x | 0.06x | -0.04x | 1.03x | 0.97x | 1.08x | 0.00x |
Revenue Growth | 4.36% | 80.45% | 44.59% | 25.28% | 33.22% | 8.11% | 25.14% |
Full Truck Alliance Co. Ltd. (YMM) stock FAQ — growth, dividends, profitability & financials explained
Full Truck Alliance Co. Ltd. (YMM) reported $12.14B in revenue for fiscal year 2025. This represents a 391% increase from $2.47B in 2019.
Full Truck Alliance Co. Ltd. (YMM) grew revenue by 8.1% over the past year. This is steady growth.
Yes, Full Truck Alliance Co. Ltd. (YMM) is profitable, generating $4.18B in net income for fiscal year 2025 (35.3% net margin).
Yes, Full Truck Alliance Co. Ltd. (YMM) pays a dividend with a yield of 2.58%. This makes it attractive for income-focused investors.
Full Truck Alliance Co. Ltd. (YMM) has a return on equity (ROE) of 10.8%. This is reasonable for most industries.
Full Truck Alliance Co. Ltd. (YMM) generated $4.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.