ZIM Integrated Shipping
ZIM NYSE Marine Transportation Financials FY2018βFY2025
ZIM Integrated Shipping's revenue fell 18.1% to $6.9 billion in fiscal 2025. Its operating margin was 14.7%, down from 30.0% a year earlier. Free cash flow was $2.1 billion, down 41.2%. It paid out $516 million in dividends and buybacks, 25% of free cash flow.
Last close Β· Oct 23, 2026
$29.35
οΏ½οΏ½About these figures. ZIM Integrated Shipping is a foreign company: it files an annual report on Form 20-F, prepared under international accounting standards (IFRS), instead of a 10-K, and no quarterly reports, so this page has fiscal years only. Its shares trade in the US as American depositary shares (ADSs), and one ADS can stand for several ordinary shares, so per-share figures are per ordinary share and the page has no market value, P/E or valuation model.
What ZIM Integrated Shipping does
No business description yet.
- Legal name
- ZIM INTEGRATED SHIPPING SERVICES LTD.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0001178913-26-000784
0001654126
Revenue and margins
ZIM Integrated Shipping had $6.9B of revenue in fiscal 2025, down 18.1% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $2.1B in fiscal 2025, 30.2% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
ZIM Integrated Shipping returned $516M to shareholders in fiscal 2025, 25% of free cash flow. The diluted share count rose 0.0%.
Balance sheet
Cash, debt and the ratios that show how comfortably ZIM Integrated Shipping can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.5B | $1.0B | $922M | $1.3B | $1.1B |
| Debt incl. finance leases | $252M | $241M | $154M | $140M | $122M |
| Net debt / EBITDA | β0.2x | β0.1x | β | β0.3x | β0.4x |
| Debt / equity | 0.1x | 0.0x | 0.1x | 0.0x | 0.0x |
| Interest coverage | 34.4x | 27.3x | β6.6x | 5.4x | 2.1x |
| Current ratio | 1.8x | 1.6x | 1.0x | 1.3x | 1.2x |
| Quick ratio | 1.8x | 1.5x | 1.0x | 1.2x | 1.2x |
| Total assets | $9.8B | $11.6B | $8.3B | $11.4B | $11.0B |
| Total liabilities | $5.2B | $5.7B | $5.9B | $7.3B | $7.0B |
| Shareholders' equity | $4.6B | $5.9B | $2.5B | $4.0B | $4.0B |
| Net debt (β = net cash) | β$1.3B | β$781M | β$768M | β$1.2B | β$930M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 4 / 9 | 8 / 9 | 4 / 9 |
| Accruals ratio | β37.2% | β16.3% | β16.3% |
| Altman Z'' | β1.37 | 3.02 | 2.10 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| ZIM Integrated Shipping ZIM | $3.5B | β18.1% | 14.7% | 30.2% | 24.9% | β | 4 | |
| Kirby KEX | $7.2B | 3.0% | 14.8% | 12.1% | 8.9% | 20.5x | 7 | Compare β |
| Matson MATX | $6.9B | β2.3% | 14.9% | 4.6% | 14.3% | 15.4x | 5 | Compare β |
| DuPont DD | $18.7B | 1.9% | β | 3.3% | 1.1% | β | 6 | Compare β |
| Watsco WSO | $12.3B | β5.0% | 10.0% | 7.4% | 20.1% | 27.8x | 6 | Compare β |
8 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $3.2B | $3.3B | $4.0B | $10.7B | $12.6B | $5.2B | $8.4B | $6.9B |
| Gross profit | $148M | $263M | $865M | $6.1B | $6.4B | β$2.2B | $2.8B | $1.3B |
| Operating income | β$23.2M | $153M | $722M | $5.8B | $6.1B | β$2.5B | $2.5B | $1.0B |
| Interest expense | $101M | $147M | $150M | $169M | $225M | $381M | $468M | $475M |
| Pretax income | β$106M | β$1.3M | $541M | $5.7B | $6.0B | β$2.8B | $2.2B | $659M |
| Income tax | $14.1M | $11.8M | $16.6M | $1.0B | $1.4B | β$128M | $51.2M | $177M |
| Net income | β$126M | β$18.1M | $518M | $4.6B | $4.6B | β$2.7B | $2.1B | $479M |
| Diluted EPS | β$1.26 | β$0.18 | $4.96 | $39.02 | $38.35 | β$22.42 | $17.82 | $3.98 |
| Diluted shares | 0.10B | 0.10B | 0.10B | 0.12B | 0.12B | 0.12B | 0.12B | 0.12B |
| Cash flow | ||||||||
| Cash from operations | $225M | $371M | $881M | $6.0B | $6.1B | $1.0B | $3.8B | $2.3B |
| Capital expenditure | $22.6M | $16.1M | $42.7M | $1.0B | $346M | $116M | $214M | $218M |
| Free cash flow | $202M | $354M | $838M | $5.0B | $5.8B | $904M | $3.5B | $2.1B |
| Depreciation and amortization | $112M | $246M | $314M | $779M | $1.4B | $1.5B | $1.1B | $1.3B |
| Stock-based compensation | $0.4M | $0.7M | $0.5M | $20.8M | $1.7M | $1.0M | $0.4M | $0.2M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $536M | $3.3B | $769M | $579M | $516M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $536M | $3.3B | $769M | $579M | $516M |
| Balance sheet | ||||||||
| Cash and short-term investments | $186M | $183M | $570M | $1.5B | $1.0B | $922M | $1.3B | $1.1B |
| Total debt | β | $682M | $658M | $252M | $241M | $154M | $140M | $122M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | β | $631M | $1.2B | $5.1B | $4.3B | $2.6B | $3.3B | $2.6B |
| Current liabilities | β | $926M | $1.2B | $2.8B | $2.7B | $2.5B | $2.6B | $2.1B |
| Inventory | $0.0M | $60.3M | $52.2M | $119M | $191M | $179M | $212M | $168M |
| Property and equipment, net | $990M | $1.2B | $1.5B | $4.4B | $5.8B | $4.6B | $6.8B | $7.0B |
| Total assets | β | $1.9B | $2.8B | $9.8B | $11.6B | $8.3B | $11.4B | $11.0B |
| Total liabilities | β | $2.2B | $2.5B | $5.2B | $5.7B | $5.9B | $7.3B | $7.0B |
| Shareholders' equity | β$224M | β$258M | $267M | $4.6B | $5.9B | $2.5B | $4.0B | $4.0B |
| Margins | ||||||||
| Gross margin | 4.6% | 8.0% | 21.7% | 56.5% | 51.2% | β42.8% | 33.0% | 19.1% |
| Operating margin | β0.7% | 4.6% | 18.1% | 54.2% | 48.9% | β48.6% | 30.0% | 14.7% |
| EBITDA margin | 2.7% | 12.1% | 26.0% | 61.5% | 60.0% | β20.1% | 43.6% | 33.3% |
| Net margin | β3.9% | β0.6% | 13.0% | 43.3% | 36.8% | β52.2% | 25.5% | 6.9% |
| FCF margin | 6.2% | 10.7% | 21.0% | 46.3% | 45.9% | 17.5% | 42.0% | 30.2% |
| Returns | ||||||||
| Return on capital | β | β | 229.8% | 260.4% | 111.9% | β58.3% | 108.3% | 24.9% |
| Return on capital employed | β | β | 54.0% | 132.8% | 76.5% | β34.0% | 34.6% | 11.5% |
| Return on equity | β | β | β | 191.0% | 88.1% | β64.6% | 66.2% | 11.9% |
| Return on assets | β | β | 21.8% | 73.3% | 43.0% | β27.0% | 21.8% | 4.3% |
| Growth | ||||||||
| Revenue growth | β | 1.6% | 21.0% | 168.8% | 17.1% | β58.9% | 63.3% | β18.1% |
| Net income growth | β | β | β | 795.8% | β0.5% | β158.4% | β | β77.7% |
| EPS growth | β | β | β | 686.7% | β1.7% | β158.5% | β | β77.7% |
| FCF growth | β | 75.1% | 136.4% | 492.5% | 16.1% | β84.3% | 291.3% | β41.2% |
| Share count change | β | 0.0% | 4.5% | 13.8% | 1.3% | β0.2% | 0.2% | 0.0% |
| Financial health | ||||||||
| Net debt / EBITDA | β | 1.3x | 0.1x | β0.2x | β0.1x | β | β0.3x | β0.4x |
| Debt / equity | β | β | 2.5x | 0.1x | 0.0x | 0.1x | 0.0x | 0.0x |
| Interest coverage | β0.2x | 1.0x | 4.8x | 34.4x | 27.3x | β6.6x | 5.4x | 2.1x |
| Current ratio | β | 0.7x | 1.0x | 1.8x | 1.6x | 1.0x | 1.3x | 1.2x |
| Quick ratio | β | 0.6x | 1.0x | 1.8x | 1.5x | 1.0x | 1.2x | 1.2x |
| Capital allocation | ||||||||
| Capex / revenue | 0.7% | 0.5% | 1.1% | 9.4% | 2.8% | 2.2% | 2.5% | 3.2% |
| Stock comp / revenue | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Payouts / FCF | 0.0% | 0.0% | 0.0% | 10.8% | 57.3% | 85.1% | 16.4% | 24.8% |
| Quality scores | ||||||||
| Piotroski F-score | β | β | β | 8.0 | 4.0 | 4.0 | 8.0 | 4.0 |
| Altman Z'' | β | β4.1 | 0.2 | 7.3 | 6.6 | β1.4 | 3.0 | 2.1 |
| Accruals ratio | β | β | β15.3% | β21.0% | β13.9% | β37.2% | β16.3% | β16.3% |
Source: SEC EDGAR XBRL filings (CIK 0001654126). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.