ZIM NYSE Marine Transportation Financials FY2018βFY2025
ZIM Integrated Shipping had $6.9B of revenue in fiscal 2025, down 18.1% on the year before. Over five years, revenue changed +11.6% a year on average.
Last close Β· Oct 23, 2026
$29.35
0.9%Hi! I read ZIM Integrated Shippingβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β18.1%
No. Sales fell 18.1% last year.
Does it make a profit?
6.9%
A little. It keeps 6.9% of every sale as profit.
Does profit turn into cash?
30.2%
Yes. 30.2% 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?
4 / 9
Mixed. It passes 4 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
About 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.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days ZIM Integrated Shipping did it, and the next one. Share prices often move a lot on those days.
Next results
November 19, 2026
Thursday Β· in 24 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Mar 9, 2026 | Period ended Dec 31, 2025 | Before the market opens | 20-F β |
| Mar 12, 2025 | Period ended Dec 31, 2024 | Before the market opens | 20-F β |
| Mar 13, 2024 | Period ended Dec 31, 2023 | Before the market opens | 20-F β |
| Mar 13, 2023 | Period ended Dec 31, 2022 | Before the market opens | 20-F β |
| Mar 9, 2022 | Period ended Dec 31, 2021 | Before the market opens | 20-F β |
| Mar 22, 2021 | Period ended Dec 31, 2020 | Before the market opens | 20-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· ZIM Integrated Shipping had $6.9B of revenue in fiscal 2025, down 18.1% on the year before. Over five years, revenue changed +11.6% a year on average. Its operating margin was 14.7%, down 15.3Β pts: of every 100 in sales, about 15 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· ZIM Integrated Shipping made $479M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $2.1B in fiscal 2025, 30.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
KIRA Β· ZIM Integrated Shipping returned $516M to shareholders in fiscal 2025, 25% of free cash flow. The diluted share count rose 0.0%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
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.
Can it carry its debts, and how well does it use its money?
KIRA Β· ZIM Integrated Shipping has $930M more cash than debt.
Cash, debt and the ratios that show how comfortably ZIM Integrated Shipping can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| 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 |
KIRA Β· Its return on capital was 24.9%: every 100 invested in the business earned about 25 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· ZIM Integrated Shipping passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is 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 |
What does the share cost, and how does it compare?
KIRA Β· ZIM Integrated Shipping grew sales faster than 0 of its 4 similar companies.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| 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 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| 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.
