ZTO Express (Cayman) Inc.
ZTO NYSE· Trucking & Courier Services (No Air)
Last close · Oct 30, 2026
$20.15
KIRA · Stoqly’s AI analyst, in plain words
- ZTO Express (Cayman) Inc. had $6.8B of revenue in fiscal 2025, up 11.0% on the year before. Over five years, revenue changed +13.3% a year on average.
- Its operating margin was 21.3%, down 5.3 pts: of every 100 in sales, about 21 is left after running the business.
- ZTO Express (Cayman) Inc. made $1.3B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 15.1% a year.
- Free cash flow was $940M in fiscal 2025, 13.8% of revenue.
- ZTO Express (Cayman) Inc. returned $697M to shareholders in fiscal 2025, 74% of free cash flow. The diluted share count fell 2.1%.
- ZTO Express (Cayman) Inc. has $2.1B more cash than debt.
Market cap
$16.5B
P/E
12.9x
Revenue
$6.8B
Net income
$1.3B
Free cash flow
$940M
Operating margin
21.3%
ZTO Express (Cayman) Inc. in 30 seconds · fiscal 2025
Are sales growing?
+11.0%
Yes. Sales grew 11.0% last year.
Does it make a profit?
18.5%
Yes. It keeps 18.5% of every sale as profit.
Does profit turn into cash?
13.8%
Yes. 13.8% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
12.9x
One share costs 12.9 times its yearly profit per share.
What ZTO Express (Cayman) Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 17, 2026
- Legal name
- ZTO Express (Cayman) Inc.
- CIK
- 0001677250
ZTO Express (Cayman) Inc. · ZTO · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $4.7B | $5.3B | $5.4B | $6.2B | $6.8B |
| Revenue growth | 29.0% | 11.5% | 3.2% | 13.4% | 11.0% |
| Gross margin | 21.7% | 25.6% | 30.4% | 31.0% | 25.0% |
| Operating margin | 18.1% | 21.9% | 26.0% | 26.6% | 21.3% |
| Net income | $737M | $1.0B | $1.2B | $1.2B | $1.3B |
| Net margin | 15.6% | 19.2% | 22.8% | 19.9% | 18.5% |
| Diluted EPS | $0.90 | $1.24 | $1.50 | $1.49 | $1.56 |
| Cash | |||||
| Cash from operations | $1.1B | $1.7B | $1.9B | $1.6B | $1.7B |
| Capital expenditure | $1.3B | $1.0B | $922M | $724M | $725M |
| Free cash flow | −$177M | $655M | $965M | $864M | $940M |
| FCF margin | −3.8% | 12.5% | 17.8% | 14.0% | 13.8% |
| Dividends paid | $210M | $197M | $293M | $779M | $522M |
| Share buybacks | $591M | $12.6M | $142M | $161M | $174M |
| Share count change | 3.0% | 0.0% | 2.3% | −0.1% | −2.1% |
| Debt and strength | |||||
| Cash and short-term investments | $2.0B | $2.5B | $2.8B | $3.1B | $3.7B |
| Debt incl. finance leases | $544M | $782M | $1.1B | $1.3B | $1.6B |
| Shareholders' equity | $7.7B | $7.8B | $8.4B | $8.5B | $9.5B |
| Net debt / EBITDA | −1.2x | −1.1x | −0.9x | −0.9x | −1.1x |
| Current ratio | 1.4x | 1.5x | 1.3x | 1.1x | 1.5x |
| Interest coverage | 43.5x | 40.6x | 34.6x | 34.9x | 42.1x |
| Returns and quality | |||||
| Return on capital | 11.3% | 15.2% | 17.2% | 18.3% | 16.3% |
| Return on equity | 9.7% | 13.1% | 15.2% | 14.5% | 14.0% |
| Return on tangible equity | 10.6% | 14.0% | 15.8% | 15.5% | 14.2% |
| Piotroski F-score | 5 | 6 | 5 | 6 | 7 |
| Altman Z'' | 6.0 | 4.9 | 4.8 | 4.6 | 6.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
ZTO Express (Cayman) Inc. · ZTO · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $20.15 a share, the company is worth $16.5B: 12.9 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001677250). Latest version: stoqly.net/companies/zto. Data updated November 1, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.