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Friday 6 November 2026 Export ZTO’s income statement to Excel — free account

ZTO Express (Cayman) Inc.

ZTO Industrials Integrated Freight & Logistics

ZTO Express (Cayman) Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.0 billion, up 15.7% from fiscal 2024.

Revenue
+29.8%
EPS
+73.5%
Free cash flow
+121.4%
Total debt
+25.3%

Quarter to June 2026, against a year earlier

20.78 0.01 +0.05%
Market cap
$11.4B
P/E
11.0×
Fwd P/E
10.2×
Dividend yield
1.87%
F-score
7/9
Altman Z
4.65
Beneish M
−2.68
Dividend safety
68/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

ZTO Express (Cayman) Inc. (ZTO) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, ZTO Express (Cayman) Inc. (ZTO) trades at a EV/EBITDA of 8.7×. Over the past ten years it has ranged from 6.8× (March 2017) to 38.9× (June 2020); the current reading is higher than 8% of that period. That is in line with the Integrated Freight & Logistics industry median of 9.0× and below the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 9.7× 4.89%
FY2024 9.3× (17.85%)
FY2023 11.3× (40.87%)
FY2022 19.1× (24.32%)
FY2021 25.2× (11.37%)
FY2020 28.5× 39.05%
FY2019 20.5× 38.89%
FY2018 14.7× (16.10%)
FY2017 17.6× 136.88%
FY2016 7.4× (27.19%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 9.4× (20.49%)
Mar 2026 11.9× 21.95%
Dec 2025 9.7× 5.97%
Sep 2025 9.2× 7.91%
38 more quarters

Against its own ten years

Low 6.8× High 38.9×
Ten-year median 16.6×
Current reading's percentile 8

EV/EBITDA against peers

Company EV/EBITDA
FDXF FedEx Freight Holding Company Inc. compare n/m
HUBG Hub Group, Inc. compare 4.9×
PBI Pitney Bowes Inc. compare 7.3×
ZTO ZTO Express (Cayman) Inc. 8.7×
GXO GXO Logistics, Inc. compare 11.4×
JBHT J.B. Hunt Transport Services, Inc. compare 13.3×
EXPD Expeditors International of Washington, Inc. compare 16.8×
CHRW C.H. Robinson Worldwide, Inc. compare 17.0×
LSTR Landstar System, Inc. compare 18.2×
Integrated Freight & Logistics industry median 9.0×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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