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

20.88 0.31 +1.51%
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

ZTO Express (Cayman) Inc. (ZTO) Net margin

Alert me on Net margin

ZTO Express (Cayman) Inc.'s net margin over the twelve months to 30 June 2026 was 19.0%, up 0.5 percentage points from fiscal 2025 (18.5%). Over the past ten years it has ranged from 15.6% (fiscal 2021) to 25.7% (fiscal 2019); the current reading is higher than 27% of that period. That is above the Integrated Freight & Logistics industry median of −0.14% and above the Industrials sector median of 2.52%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 18.5% (1.42)
FY2024 19.9% (2.86)
FY2023 22.8% 3.52
FY2022 19.3% 3.61
FY2021 15.6% (1.46)
FY2020 17.1% (8.56)
FY2019 25.7% 0.76
FY2018 24.9% 0.71
FY2017 24.2% 4.57
FY2016 19.6% (1.79)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 21.0% 5.02
Mar 2026 16.0% (2.16)
Dec 2025 18.1% (3.16)
Sep 2025 21.3% 4.89
38 more quarters

Against its own ten years

Low 15.6% High 25.7%
Ten-year median 19.9%
Current reading's percentile 33

Net margin against peers

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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