ZTO Express (Cayman) Inc.(ZTO)Earnings, Financials & Key Ratios
ZTO•NYSE
13.6× P/E·Price updated Jun 19, 2026
SectorIndustrialsIndustryFreight & LogisticsSub-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$47.76B+7.9%
- EBITDA$12.66B-14.5%
- Net Income$8.83B+0.2%
- EPS (Diluted)10.91+2.0%
- Gross Margin24.99%-19.3%
- EBITDA Margin26.5%-20.7%
- Operating Margin19.62%-26.2%
- Net Margin18.49%-7.1%
- ROE13.6%-5.1%
ZTO Key Insights
ZTO Express (Cayman) Inc. (ZTO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 15.4%
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 13.6%
- ✓Healthy dividend yield of 3.1%
- ✓Share count reduced 2.1% through buybacks
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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 Years22.88%
5 Years13.63%
3 Years10.52%
TTM14.7%
Profit CAGR
10 Years20.83%
5 Years15.42%
3 Years9.06%
TTM1.58%
EPS CAGR
10 Years20.79%
5 Years15.02%
3 Years9.28%
TTM1.83%
Return on Capital
10 Years15.1%
5 Years14.43%
3 Years15.76%
Last Year14.17%
ZTO Recent Earnings
ZTO Express (Cayman) Inc. (ZTO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$0.43-3.5%
$0.45
Rev
$1.9B+4.6%
$1.8B
Q2 2026
Mar 17, 2026Metric
Actual
Est
EPS
$0.47+4.9%
$0.45
Rev
$2.1B+1.2%
$2.1B
Q4 2025
Nov 19, 2025Metric
Actual
Est
EPS
$0.43-2.8%
$0.44
Rev
$1.7B-16.7%
$2.0B
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$0.35-12.4%
$0.40
Rev
$1.6B-2.8%
$1.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $0.43vs $0.45-3.5% | $1.9Bvs $1.8B+4.6% |
| Q2 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
ZTO Peer Comparison
ZTO Express (Cayman) Inc. (ZTO) competitors in Asset-Based Parcel, Express and LTL Carriers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GXO | 5.6B | 48.64 | 173.71 | 12.55% | 0.95% | 4.27% | 2.62 | |
 XPO | 23.42B | 199.50 | 75.57 | 1.05% | 4.19% | 19.04% | 2.53 | |
 UPS | 89.22B | 105.00 | 16.01 | -2.49% | 5.94% | 32.98% | 1.99 | |
 FDX | 77.83B | 326.20 | 19.41 | 0.27% | 4.88% | 15.76% | 1.33 | |
 ODFL | 46.07B | 221.04 | 45.76 | -5.48% | 18.63% | 24.03% | 0.03 | |
 SAIA | 11.6B | 435.12 | 45.71 | 0.79% | 7.84% | 10.04% | 0.16 | |
 ARCB | 3.22B | 144.53 | 55.16 | -4.04% | 1.38% | 4.3% | 0.52 | |
 BABA | 249.84B | 107.06 | 16.45 | 2.74% | 10.12% | 9.35% | 0.23 |
Compare ZTO vs Peers
ZTO Express (Cayman) Inc. (ZTO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZTO Income Statement
ZTO Express (Cayman) Inc. (ZTO) 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 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 13.06B | 17.6B | 22.11B | 25.21B | 30.41B | 35.38B | 38.42B | 44.28B | 47.76B | 46.32B |
Revenue Growth % | 33.42% | 34.8% | 25.59% | 14.04% | 20.59% | 16.35% | 8.6% | 15.26% | 7.86% | 14.7% |
Cost of Goods Sold | 8.71B | 12.24B | 15.49B | 19.38B | 23.82B | 26.34B | 26.76B | 30.56B | 35.82B | 33.59B |
COGS % of Revenue | 66.73% | 69.53% | 70.05% | 76.85% | 78.33% | 74.45% | 69.64% | 69.02% | 75.01% | - |
Gross Profit | 4.35B▲ 0% | 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% | 11.94B▼ 13.0% | 12.73B▲ 0% |
Gross Margin % | 33.27% | 30.47% | 29.95% | 23.15% | 21.67% | 25.55% | 30.36% | 30.98% | 24.99% | 27.48% |
Gross Profit Growth % | 26.22% | 23.46% | 23.42% | -11.84% | 12.89% | 37.18% | 29.02% | 17.62% | -12.98% | - |
Operating Expenses | 597.15M | 1.03B | 1.16B | 1.08B | 1.09B | 1.3B | 1.65B | 1.94B | 2.57B | 1.55B |
OpEx % of Revenue | 4.57% | 5.87% | 5.24% | 4.29% | 3.57% | 3.68% | 4.31% | 4.38% | 5.37% | - |
Selling, General & Admin | 780.52M | 1.21B | 1.55B | 1.66B | 1.88B | 2.08B | 2.43B | 2.69B | 0 | 2.56B |
SG&A % of Revenue | 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 | -183.37M | -178.06M | -387.89M | -580.97M | -789.5M | -774.58M | -770.65M | -749.78M | 2.57B | -4M |
Operating Income | 3.75B▲ 0% | 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% | 9.37B▼ 20.4% | 11.18B▲ 0% |
Operating Margin % | 28.7% | 24.61% | 24.71% | 18.86% | 18.1% | 21.87% | 26.05% | 26.6% | 19.62% | 24.13% |
Operating Income Growth % | 35.37% | 15.57% | 26.1% | -12.97% | 15.75% | 40.59% | 29.36% | 17.68% | -20.43% | - |
EBITDA | 4.31B | 5.19B | 6.73B | 6.59B | 7.72B | 10.41B | 12.88B | 14.8B | 12.66B | 11.79B |
EBITDA Margin % | 32.99% | 29.46% | 30.43% | 26.16% | 25.41% | 29.42% | 33.53% | 33.42% | 26.5% | 25.45% |
EBITDA Growth % | 39.27% | 20.36% | 29.72% | -1.97% | 17.13% | 34.72% | 23.79% | 14.88% | -14.47% | 6.35% |
D&A (Non-Cash Add-back) | 560.37M | 853.72M | 1.26B | 1.84B | 2.22B | 2.67B | 2.88B | 3.02B | 3.29B | 0 |
EBIT | 3.84B | 5.34B | 6.76B | 5.07B | 5.87B | 8.48B | 10.98B | 12.01B | 9.37B | 11.79B |
Net Interest Income | 150.66M | 400.38M | 585.4M | 407.39M | 237.39M | 313.2M | 417.23M | 655.62M | 484.88M | 562.42M |
Interest Income | 166.32M | 401.16M | 585.4M | 442.7M | 363.89M | 503.72M | 706.76M | 993.53M | 726.72M | 867.56M |
Interest Expense | 15.67M | 780K | 0 | 35.31M | 126.5M | 190.52M | 289.53M | 337.92M | 241.84M | 305.14M |
Other Income/Expense | 56.83M | 984.82M | 1.29B | 261.91M | 203.77M | 555.82M | 685.13M | -43.9M | 1.47B | 375.32M |
Pretax Income | 3.81B▲ 0% | 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% | 10.84B▼ 7.6% | 11.55B▲ 0% |
Pretax Margin % | 29.14% | 30.2% | 30.53% | 19.89% | 18.77% | 23.44% | 27.83% | 26.5% | 22.69% | 24.94% |
Income Tax | 646.36M | 929.13M | 1.08B | 689.83M | 1.01B | 1.63B | 1.94B | 2.85B | 1.85B | 2.72B |
Effective Tax Rate % | 16.99% | 17.47% | 15.98% | 13.75% | 17.62% | 19.7% | 18.13% | 24.25% | 17.1% | 23.56% |
Net Income | 3.16B▲ 0% | 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% | 8.83B▲ 0.2% | 8.71B▲ 0% |
Net Margin % | 24.19% | 24.9% | 25.66% | 17.1% | 15.64% | 19.25% | 22.77% | 19.91% | 18.49% | 18.81% |
Net Income Growth % | 53.84% | 38.72% | 29.46% | -24% | 10.26% | 43.2% | 28.49% | 0.78% | 0.19% | 1.58% |
Net Income (Continuing) | 3.16B | 4.39B | 5.67B | 4.33B | 4.7B | 6.66B | 8.75B | 8.89B | 8.98B | 8.83B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 6M | 52.31M | 100.79M | 120.89M | 290.33M | 443.92M | 478.66M | 612.44M | 752.56M | 658.2M |
EPS (Diluted) | 4.40▲ 0% | 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% | 10.91▲ 2.0% | 10.47▲ 0% |
EPS Growth % | 51.2% | 32.27% | 24.23% | -25.03% | 7.01% | 44.14% | 26.79% | 0.94% | 1.96% | 1.83% |
EPS (Basic) | 4.41 | 5.83 | 7.24 | 5.42 | 5.80 | 8.41 | 10.83 | 10.95 | 11.05 | - |
Diluted Shares Outstanding | 717.6M | 752.67M | 784.33M | 796.15M | 819.96M | 819.96M | 838.95M | 838.44M | 820.8M | 832.05M |
Basic Shares Outstanding | 717.14M | 751.81M | 784.01M | 796.1M | 819.96M | 809.44M | 825.23M | 824M | 797.63M | 798.49M |
Dividend Payout Ratio | - | 20.42% | 22.4% | 38.25% | 28.48% | 19.43% | 23.69% | 63.58% | 42.52% | - |
ZTO Balance Sheet
ZTO Express (Cayman) Inc. (ZTO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 12.38B | 21.23B | 20.1B | 22.32B | 18.67B | 24.48B | 26.95B | 30.35B | 33.99B | 34.52B |
Cash & Short-Term Investments | 10.65B | 18.22B | 16.38B | 17.9B | 12.57B | 17.45B | 19.79B | 22.31B | 25.68B | 26.52B |
Cash Only | 5.43B | 4.62B | 5.27B | 14.21B | 9.72B | 11.69B | 12.33B | 13.47B | 10.05B | 13.29B |
Short-Term Investments | 5.22B | 13.6B | 11.11B | 3.69B | 2.85B | 5.75B | 7.45B | 8.85B | 15.63B | 13.23B |
Accounts Receivable | 287.83M | 597M | 695.79M | 3.08B | 4.57B | 4.58B | 4.7B | 6.27B | 2.44B | 2.37B |
Days Sales Outstanding | 8.04 | 12.38 | 11.49 | 44.61 | 54.9 | 47.26 | 44.61 | 51.65 | 18.66 | 25.38 |
Inventory | 34.23M | 43.81M | 43.84M | 53.07M | 82.96M | 40.54M | 28.07M | 38.57M | 760.41M | 47.9M |
Days Inventory Outstanding | 1.43 | 1.31 | 1.03 | 1 | 1.27 | 0.56 | 0.38 | 0.46 | 7.75 | 0.41 |
Other Current Assets | 1.06B | 1.9B | 2.4B | 509.44M | 489.81M | 1.3B | 1.41B | 675.89M | 5.11B | 4.83B |
Total Non-Current Assets | 13.45B | 18.45B | 25.79B | 36.88B | 44.11B | 54.05B | 61.51B | 61.99B | 57.1B | 60.1B |
Property, Plant & Equipment | 6.47B | 9.04B | 13.37B | 19.44B | 25.83B | 29.62B | 32.85B | 34.48B | 35.85B | 35.35B |
Fixed Asset Turnover | 2.02x | 1.95x | 1.65x | 1.30x | 1.18x | 1.19x | 1.17x | 1.28x | 1.33x | 1.33x |
Goodwill | 4.24B | 4.24B | 4.24B | 4.24B | 4.24B | 4.24B | 4.24B | 4.24B | 4.16B | 4.16B |
Intangible Assets | 1.66B | 2.02B | 2.56B | 4.4B | 5.37B | 5.47B | 5.66B | 6.19B | 52.79M | 6.28B |
Long-Term Investments | 610.16M | 2.21B | 4.06B | 5.07B | 4.94B | 11.27B | 15.63B | 13.89B | 8.22B | 53.85B |
Other Non-Current Assets | 308.99M | 622.67M | 1.16B | 3.01B | 2.79B | 2.69B | 2.25B | 2.2B | 7.71B | 2.26B |
Total Assets | 25.83B▲ 0% | 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% | 91.08B▼ 1.4% | 94.62B▲ 0% |
Asset Turnover | 0.51x | 0.44x | 0.48x | 0.43x | 0.48x | 0.45x | 0.43x | 0.48x | 0.52x | 0.50x |
Asset Growth % | 10.36% | 53.64% | 15.64% | 29.01% | 6.03% | 25.09% | 12.66% | 4.38% | -1.36% | 18.58% |
Total Current Liabilities | 4.15B | 5.14B | 6.68B | 9.35B | 13B | 16.41B | 20.06B | 28.27B | 22.88B | 28.45B |
Accounts Payable | 889.14M | 1.31B | 1.48B | 1.64B | 1.96B | 2.2B | 2.56B | 2.46B | 2.58B | 2.42B |
Days Payables Outstanding | 37.24 | 39.12 | 34.77 | 30.81 | 30 | 30.53 | 34.88 | 29.42 | 26.28 | 25.9 |
Short-Term Debt | 250M | 0 | 0 | 1.76B | 3.63B | 5.59B | 7.77B | 16.78B | 10.93B | 18.2B |
Deferred Revenue (Current) | 258.96M | 436.71M | 1.21B | 1.12B | 1.23B | 1.37B | 1.75B | 1.57B | 0 | 6.43B |
Other Current Liabilities | 834.89M | 990.53M | 1.29B | 1.27B | 1.69B | 2.55B | 2.73B | 1.45B | 8.95B | 5.51B |
Current Ratio | 2.99x | 4.13x | 3.01x | 2.39x | 1.44x | 1.49x | 1.34x | 1.07x | 1.49x | 1.21x |
Quick Ratio | 2.98x | 4.12x | 3.00x | 2.38x | 1.43x | 1.49x | 1.34x | 1.07x | 1.45x | 1.21x |
Cash Conversion Cycle | -27.76 | -25.44 | -22.25 | 14.8 | 26.17 | 17.3 | 10.11 | 22.69 | 0.13 | -0.12 |
Total Non-Current Liabilities | 240.31M | 271.84M | 806.16M | 757.47M | 848.45M | 7.65B | 8.12B | 1.39B | 1.02B | 1.31B |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 6.79B | 7.03B | 0 | 142.2M | 180M |
Capital Lease Obligations | 0 | 0 | 504.44M | 502.48M | 556.09M | 510.35M | 455.88M | 377.72M | 261.42M | 1.44B |
Deferred Tax Liabilities | 157.32M | 157.94M | 207.9M | 254.99M | 292.36M | 346.47M | 638.2M | 1.01B | 615.47M | 3.21B |
Other Non-Current Liabilities | 82.99M | 113.9M | 93.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 4.39B | 5.41B | 7.49B | 10.11B | 13.84B | 24.05B | 28.18B | 29.67B | 23.9B | 29.76B |
Total Debt | 250M | 0 | 803.17M | 2.51B | 4.44B | 13.12B | 15.44B | 17.35B | 11.48B | 18.87B |
Net Debt | -5.18B | -4.62B | -4.47B | -11.7B | -5.28B | 1.43B | 3.1B | 3.88B | 1.43B | 5.58B |
Debt / Equity | 0.01x | - | 0.02x | 0.05x | 0.09x | 0.24x | 0.26x | 0.28x | 0.17x | 0.29x |
Debt / EBITDA | 0.06x | - | 0.12x | 0.38x | 0.57x | 1.26x | 1.20x | 1.17x | 0.91x | 1.60x |
Net Debt / EBITDA | -1.20x | -0.89x | -0.66x | -1.77x | -0.68x | 0.14x | 0.24x | 0.26x | 0.11x | 0.47x |
Interest Coverage | 244.87x | 6842.58x | - | 143.60x | 46.37x | 44.49x | 37.92x | 35.55x | 38.75x | 38.64x |
Total Equity | 21.44B▲ 0% | 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% | 67.18B▲ 7.2% | 64.86B▲ 0% |
Equity Growth % | 8.56% | 59.83% | 12.06% | 27.85% | -0.35% | 11.33% | 10.66% | 3.97% | 7.19% | 22.79% |
Book Value per Share | 29.88 | 45.53 | 48.96 | 61.67 | 59.67 | 66.43 | 71.85 | 74.75 | 81.85 | 77.95 |
Total Shareholders' Equity | 21.44B | 34.22B | 38.3B | 48.98B | 48.64B | 54.03B | 59.8B | 62.06B | 66.43B | 64.2B |
Common Stock | 471K | 523K | 517K | 553K | 535K | 535K | 525K | 523K | 513.32K | 519K |
Retained Earnings | 6.67B | 11.05B | 16.73B | 21.04B | 22.72B | 29.46B | 36.3B | 39.1B | 42.95B | 40.35B |
Treasury Stock | -914.61M | -1.55B | -1.44B | -2.58B | -2.07B | -2.06B | -510.99M | -1.13B | -254.64M | -271.03M |
Accumulated OCI | -295.9M | 571.72M | 675.72M | -95.57M | -242.1M | -86.67M | -190.72M | -294.69M | -281.44M | -244.16M |
Minority Interest | 6M | 52.31M | 100.79M | 120.89M | 290.33M | 443.92M | 478.66M | 612.44M | 752.56M | 658.2M |
ZTO Cash Flow Statement
ZTO Express (Cayman) Inc. (ZTO) 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 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 3.63B | 4.4B | 6.3B | 4.95B | 7.22B | 11.48B | 13.36B | 11.43B | 11.97B | 10.45B |
Operating CF Margin % | 27.8% | 25.02% | 28.51% | 19.63% | 23.75% | 32.45% | 34.78% | 25.81% | 25.06% | - |
Operating CF Growth % | 43.14% | 21.3% | 43.15% | -21.47% | 45.84% | 58.99% | 16.39% | -14.46% | 4.72% | -43.9% |
Net Income | 3.16B | 4.39B | 5.67B | 4.33B | 4.7B | 6.66B | 8.75B | 8.89B | 9.24B | 8.71B |
Depreciation & Amortization | 560.37M | 853.72M | 1.26B | 1.84B | 2.22B | 2.67B | 2.88B | 3.02B | 3.38B | 2.51B |
Stock-Based Compensation | 40.73M | 249.48M | 316.67M | 264.15M | 248.03M | 178.98M | 254.98M | 318.69M | 229.25M | 230.03M |
Deferred Taxes | -29.04M | -139.08M | -40.53M | -271.97M | -192.09M | 244.62M | 157.78M | 292.54M | -536.23M | 0 |
Other Non-Cash Items | 77.32M | -504.7M | -647.57M | 185.13M | 102.1M | -54.03M | 6.93M | 1.06B | 45.18M | 3.43B |
Working Capital Changes | -177.59M | -443.28M | -260.21M | -1.39B | 139.09M | 1.78B | 1.32B | -2.15B | -384.92M | -2.03B |
Change in Receivables | -100.23M | -309.43M | -84.47M | -79.83M | -209.85M | -14.88M | 477.77M | -875.29M | 502.38M | -941.51M |
Change in Inventory | -271K | -9.58M | -32K | -9.22M | -29.96M | 28.96M | 12.46M | -10.49M | -2.08M | 27.86M |
Change in Payables | 252.72M | 422.67M | 156.06M | 160.63M | 354.48M | 528.3M | 364.58M | -93.61M | 85.6M | 0 |
Cash from Investing | -8.29B | -12.87B | -3.66B | -3.55B | -8.76B | -16.04B | -12.25B | -5.98B | -4.83B | -3.26B |
Capital Expenditures | -2.83B | -3.98B | -5.23B | -9.21B | -9.33B | -7.41B | -6.53B | -5.21B | -5.21B | -2.93B |
CapEx % of Revenue | 21.64% | 22.62% | 23.64% | 36.52% | 30.68% | 20.95% | 16.99% | 11.76% | 10.92% | 6.32% |
Acquisitions | -89.06M | -1.18B | -236.49M | -232.1M | -670.26M | 236.4M | 0 | 664.15M | 801.87M | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 22.08M | 86.12M | 118.27M | -493.42M | -239.25M | 89.08M | 588.62M | -327.63M | -511.98M | -332.14M |
Cash from Financing | -1.06B | 7.04B | -1.98B | 8.34B | -2.9B | 7.06B | -769.84M | -5B | -10.57B | -4.4B |
Debt Issued (Net) | -200M | 0 | 0 | 1.43B | 2.03B | 8.2B | 2.35B | 1.75B | -5.54B | 0 |
Equity Issued (Net) | -857.66M | 8.12B | -762.89M | 8.54B | -3.81B | -84.55M | -1.01B | -1.16B | -1.25B | -1.2B |
Dividends Paid | 0 | -895.14M | -1.27B | -1.65B | -1.35B | -1.32B | -2.07B | -5.61B | -3.76B | -7.66B |
Share Repurchases | -857.66M | -769.81M | -762.89M | -1.23B | -3.81B | -84.55M | -1.01B | -1.16B | -1.25B | -1.2B |
Other Financing | -3.9M | -184.84M | 51.36M | 10.35M | 234.78M | 262.81M | -45.36M | 20.34M | -15.87M | 4.46B |
Net Change in Cash | -6.15B▲ 0% | -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% | -3.48B▼ 826.4% | 2.75B▲ 0% |
Free Cash Flow | 803.95M▲ 0% | 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% | 5.89B▲ 6.6% | 2.32B▲ 0% |
FCF Margin % | 6.16% | 2.4% | 4.87% | -16.88% | -6.93% | 11.49% | 17.42% | 12.48% | 12.34% | 5% |
FCF Growth % | 626.61% | -47.41% | 154.93% | -495% | 50.49% | 292.95% | 64.54% | -17.39% | 6.64% | -27.56% |
FCF per Share | 1.12 | 0.56 | 1.37 | -5.35 | -2.57 | 4.96 | 7.98 | 6.59 | 7.18 | 2.78 |
FCF Conversion (FCF/Net Income) | 1.15x | 1.00x | 1.11x | 1.15x | 1.52x | 1.69x | 1.53x | 1.30x | 1.35x | 0.27x |
Interest Paid | 15.67M | 780K | 0 | 34.62M | 126.81M | 177.46M | 249.06M | 295.62M | 260.92M | 0 |
Taxes Paid | 871.78M | 893.2M | 1.42B | 991.36M | 1.14B | 1.25B | 1.67B | 2.4B | 2.64B | 0 |
ZTO Key Ratios
ZTO Express (Cayman) Inc. (ZTO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 15.34% | 15.73% | 15.62% | 9.86% | 9.7% | 13.17% | 15.25% | 14.34% | 13.6% | 13.85% |
Return on Invested Capital (ROIC) | 22.33% | 14.15% | 12.89% | 10% | 10.19% | 11.66% | 12.58% | 13.6% | 10.4% | 12.32% |
Gross Margin | 33.27% | 30.47% | 29.95% | 23.15% | 21.67% | 25.55% | 30.36% | 30.98% | 24.99% | 27.48% |
Net Margin | 24.19% | 24.9% | 25.66% | 17.1% | 15.64% | 19.25% | 22.77% | 19.91% | 18.49% | 18.81% |
Debt / Equity | 0.01x | - | 0.02x | 0.05x | 0.09x | 0.24x | 0.26x | 0.28x | 0.17x | 0.29x |
Interest Coverage | 244.87x | 6842.58x | - | 143.60x | 46.37x | 44.49x | 37.92x | 35.55x | 38.75x | 38.64x |
FCF Conversion | 1.15x | 1.00x | 1.11x | 1.15x | 1.52x | 1.69x | 1.53x | 1.30x | 1.35x | 0.27x |
Revenue Growth | 33.42% | 34.8% | 25.59% | 14.04% | 20.59% | 16.35% | 8.6% | 15.26% | 7.86% | 14.7% |
Related:ZTO Dividend History·ZTO Revenue History·ZTO Price History·ZTO P/E History·ZTO Financial Ratios·ZTO Institutional Holders
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 2025. This represents a 1087% increase from $3.90B in 2014.
ZTO Express (Cayman) Inc. (ZTO) grew revenue by 7.9% over the past year. This is steady growth.
Yes, ZTO Express (Cayman) Inc. (ZTO) is profitable, generating $8.71B in net income for fiscal year 2025 (18.5% net margin).
Dividend & Returns
Yes, ZTO Express (Cayman) Inc. (ZTO) pays a dividend with a yield of 3.08%. This makes it attractive for income-focused investors.
ZTO Express (Cayman) Inc. (ZTO) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.
ZTO Express (Cayman) Inc. (ZTO) generated $2.32B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.