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Full Truck Alliance Co. Ltd. Sponsored ADR

YMM Technology Software Application

Full Truck Alliance Co. Ltd. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 16.0% from fiscal 2024. In the quarter to June 2026, revenue grew 10.2%, EPS grew 11.8% and free cash flow grew 10,172.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

8.78 0.04 −0.45%
Market cap
$8.2B
P/E
14.9×
Fwd P/E
12.8×
Dividend yield
2.87%
F-score
7/9
Altman Z
13.27
Beneish M
0.07
Dividend safety
70/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 13.36%

Capital & Financial Ratios $m

Market Cap 8,220.00
Revenue 1,873.12
Net Income 637.64
Free Cash Flow 1,614.65
Net Debt (3,484.75)
Current Ratio 7.96 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 14.88
Fwd P/E 12.80
P/S ratio 4.86
P/B ratio 1.51
Past 5Y EPS Growth —
This Y EPS Growth 4.71%
Next Y EPS Growth 19.53% (at or above 15%: strong)
Next Y revenue growth 3.73%
Next 5Y EPS Growth 13.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.0×, against a ten-year median of 4.4×; over the ten years it ranged from −2.3× in 2021 to 19.7× in 2021.
P/E against its own 10 years 8.87%
10-year low 10-year high
P/S against its own 10 years 6.58%
10-year low 10-year high
P/B against its own 10 years 30.65%
10-year low 10-year high
EV/Sales against its own 10 years 12.76%
10-year low 10-year high

Dividends

Payout Ratio 0.43
Annual Dividend Rate 0.25
Annual Dividend Yield 2.87%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.25
0.08
0.08
0.08
2025 0.19
0.10
0.10
2024 0.14
0.14
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,592 2,865 2,457 3,485
Receivables 3 3 11 13
Inventory — — — —
Other — — — —
3,380 3,734 3,296 4,208
2023 2024 2025 Q'26
Payables 4 4 5 7
ST’ Debt — — — —
Other 77 78 91 95
461 414 408 529

Compound Annual Growth %

10y 5y 3y
Sales — 35.19% 22.30%
Cash Flow — 49.67% 0.00%
Earnings — 0.00% 120.28%
Book Value — 0.00% 5.90%

Revenue $m

Mar Jun Sep Dec Year
’26 413 498 — — —
’25 372 452 472 490 1,786
’24 314 380 432 413 1,540
’23 248 284 310 346 1,188
’22 210 249 254 263 976
’21 134 173 193 224 731
’20 63 79 106 128 396
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 226 — — — —
’25 — — — 662 662
’24 — — — 407 407
’23 — — — 320 320
’22 — — — (2) (2)
’21 — — — — (33)
’20 — — — 88 88
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 226 — — — —
’25 — — — 662 643
’24 — — — 407 397
’23 — — — 320 306
’22 — — — (2) (15)
’21 — — — — (39)
’20 — — — 88 83
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.14 0.19 — — —
’25 0.17 0.17 0.12 0.14 0.60
’24 0.08 0.11 0.15 0.07 0.40
’23 0.06 0.08 0.08 0.08 0.29
’22 (0.03) 0.00 0.05 0.03 0.05
’21 (0.07) (1.14) (0.03) (0.19) (0.97)
’20 — (0.04) (0.04) (0.38) (3.11)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 7.95 4.12 5.41 5.70 9.45

Analyst estimates 2026–2028

Powerpack
High — — — — — 22.80 10.16 10.18 12.47 14.07
People
People Employees — — — — 4,059 7,103 6,795 7,585 7,185 8,251
Revenue/emp, $m — — — 0.00 0.10 0.10 0.14 0.16 0.21 0.22
Income, $m
Income, $m Revenue — — — 358 396 731 976 1,188 1,540 1,786
Gross margin, % — — — 43.80 49.01 45.46 47.81 51.17 54.62 63.02
EBT — — — (225) (529) (571) 74 329 461 771
EBT margin, % — — — (62.86) (133.74) (78.17) 7.54 27.67 29.92 43.14
Net income — 0 — (223) (532) (573) 60 314 428 638
Depreciation — — — 10 10 11 13 11 11 14
Per share, $
Per share, $ Revenue — — — 0.33 2.31 1.09 0.91 1.13 1.48 1.71
Earnings — — — (0.01) (3.11) (0.97) 0.05 0.30 0.40 0.60
Cash flow — — — (0.12) 0.51 (0.05) 0.00 0.30 0.39 0.64
Capex — — — 0.00 (0.03) (0.01) (0.01) (0.01) (0.01) (0.02)
Free cash flow — — — (0.12) 0.49 (0.06) (0.01) 0.29 0.38 0.62
Book value — — — 1.90 (7.60) 7.36 4.54 4.75 4.96 5.56
Shares, m — — — 1,098 171 672 1,076 1,056 1,041 1,042
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 169.31 22.00 26.39 17.88
P/S — — — 52.83 52.83 12.79 9.66 5.86 7.32 6.26
P/B — — — 0.00 0.00 1.80 1.93 1.39 2.18 1.93
EV/Sales — — — 46.52 46.52 7.26 5.83 3.74 5.50 4.92
EV/FCF — — — 0.00 0.00 0.00 0.00 9.35 10.99 6.61
Cash, $m
Cash, $m Operating cash flow — — — (134) 88 (33) (2) 320 407 662
Capex — — — (2) (5) (6) (12) (14) (10) (19)
Free cash flow — — — (134) 83 (39) (15) 306 397 643
Balance, $m
Balance, $m Working capital — — — 1,467 2,869 4,106 4,099 2,919 3,320 2,889
Total debt — — — 72 — 1 11 — — —
Net debt — — — (1,420) (2,893) (4,078) (3,814) (2,592) (2,865) (2,457)
Shareholders’ equity — — — 2,089 (1,300) 4,948 4,880 5,017 5,164 5,795
Returns, %
Returns, % ROA — — — (18.11) (17.51) (14.16) 1.10 5.74 7.51 10.51
ROIC — — — 0.00 0.00 (42.79) (1.38) 3.62 9.22 11.10
ROE — — — 19.05 47.47 (35.91) 1.20 6.30 8.26 11.50
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Full Truck Alliance Co. Ltd. Sponsored ADR vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PCOR Procore Technologies, Inc. $8.9B — (loss-making) — (loss-making) +15.83% (above 0%: growing) n/m +507.20% (above 0%: growing) 79.90% 1.15% Compare
PCTY Paylocity Holding Corporation $8.8B 33.3× 19.7× +10.98% (above 0%: growing) +28.41% (above 0%: growing) +10.54% (above 0%: growing) 67.54% 18.98% Compare
IDCC InterDigital, Inc. $8.5B 27.2× 36.2× −13.45% (below 0%: shrinking) −35.29% (below 0%: shrinking) −27.27% (below 0%: shrinking) 100.00% 53.52% Compare
YMM Full Truck Alliance Co. Ltd. Sponsored ADR $8.2B 14.9× 12.8× +10.22% (above 0%: growing) +11.76% (above 0%: growing) +10,172.78% (above 0%: growing) 72.62% 43.95%
APPF AppFolio, Inc. $7.7B 48.0× 34.3× +19.34% (above 0%: growing) +17.00% (above 0%: growing) +67.60% (above 0%: growing) 63.51% 18.84% Compare
TTAN ServiceTitan Inc. $7.3B — (loss-making) — (loss-making) +20.91% (above 0%: growing) n/m +47.10% (above 0%: growing) 71.41% (9.41%) Compare
DUOL Duolingo, Inc. $7.0B 16.0× 38.6× +18.31% (above 0%: growing) −27.55% (below 0%: shrinking) −8.91% (below 0%: shrinking) 72.62% 11.37% Compare
NICE Nice $6.7B 16.1× 12.7× +7.65% (above 0%: growing) −53.16% (below 0%: shrinking) +141.20% (above 0%: growing) 64.04% 13.29% Compare
RNG Ringcentral, Inc. $6.7B 58.5× 26.0× +5.90% (above 0%: growing) +213.33% (above 0%: growing) +24.80% (above 0%: growing) 71.89% 7.65% Compare
Median of peers $7.5B 30.2× 30.2× +13.41% −5.28% +35.95% 71.65% 12.33%

All 237 Software Application stocks →

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) key facts

  • Strength: Full Truck Alliance Co. Ltd. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 16.0% from fiscal 2024.
  • Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, YMM traded at $8.78, a market capitalization of $8.2 billion.
  • Full Truck Alliance Co. Ltd. Sponsored ADR pays an annual dividend of $0.25 per share, a yield of 2.87%, with a payout ratio of 42.7%.
  • Return on equity was 11.5% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 13.27 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) Latest News

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stockrow.com/YMM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com