Saturday 10 October 2026 Export all ZTO data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 29.8%, EPS grew 73.5%, free cash flow grew 121.4% and total debt rose 25.3%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.

20.15 0.25 +1.26%

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Market cap: $10.9B
P/E: 10.6×
Fwd P/E: 11.3×
Dividend yield: 1.94%
F-score: 7/9
Altman Z: 4.65
Beneish M: −2.68
Dividend safety: 68/100

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 28.40%

Capital & Financial Ratios $m

Market Cap 10,900.00

Revenue 7,938.40

Net Income 1,320.68

Free Cash Flow (299.48)

Net Debt (1,404.32)

Current Ratio 1.67

Debt/Equity 0.34

P/E ratio 10.59

Fwd P/E 11.30

P/S ratio 1.94

P/B ratio 1.64

Past 5Y EPS Growth 14.03%

This Y EPS Growth 21.97%

Next Y EPS Growth 11.45%

Next Y revenue growth 22.46%

Next 5Y EPS Growth 14.07%

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.00%

10-year low 10-year high

P/S against its own 10 years 0.60%

10-year low 10-year high

P/B against its own 10 years 2.92%

10-year low 10-year high

EV/Sales against its own 10 years 0.60%

10-year low 10-year high

Dividends

Payout Ratio 0.21

Annual Dividend Rate 0.39

Annual Dividend Yield 1.94%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.83	0.39
2025	0.65	0.35 0.30
2024	0.97	0.62 0.35
2023	0.37	0.37
2022	0.00	0.25
2021	0.00	0.24
2020	0.00	0.29
2019	0.00	0.23
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,884	3,062	3,670	4,621
Receivables	241	367	281	312
Inventory	4	5	6	5
Other	668	724	901	969
	3,796	4,158	4,857	5,906

	2023	2024	2025	Q'26
Payables	360	337	369	384
ST’ Debt	1,094	1,303	1,564	1,713
Other	1,298	1,142	1,275	1,373
	2,826	3,873	3,270	3,532

Compound Annual Growth %

	10y	5y	3y
Sales	22.59%	12.69%	11.03%
Cash Flow	19.80%	17.67%	0.93%
Earnings	20.81%	14.46%	9.57%
Book Value	23.32%	4.99%	6.72%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,926	2,144	—	—	—
’25	1,501	1,652	1,667	2,202	7,021
’24	1,379	1,476	1,521	1,690	6,066
’23	1,308	1,343	1,244	1,516	5,411
’22	1,247	1,292	1,257	1,332	5,129
’21	988	1,135	1,147	1,502	4,771
’20	553	906	978	1,427	3,864

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	404	679	—	—	—
’25	326	307	455	624	1,711
’24	281	477	470	337	1,566
’23	399	498	397	588	1,882
’22	174	555	354	581	1,664
’21	73	300	278	482	1,133
’20	25	177	226	330	759

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	404	679	—	—	—
’25	326	307	455	624	871
’24	281	477	470	337	780
’23	399	498	397	588	963
’22	174	555	354	581	606
’21	73	300	278	482	(312)
’20	25	177	226	330	(652)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.39	0.56	—	—	—
’25	0.34	0.33	0.44	0.47	1.60
’24	0.24	0.43	0.41	0.40	1.47
’23	0.30	0.42	0.39	0.37	1.49
’22	0.18	0.33	0.33	0.38	1.21
’21	0.10	0.24	0.22	0.34	0.91
’20	0.07	0.26	0.23	0.24	0.83

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.01	11.14	14.51	15.30	21.58	25.23	16.27	19.70	15.90	16.34	Analyst estimates 2026–2028 Powerpack
	High	18.45	18.08	22.67	23.67	38.99	38.96	32.28	30.05	27.50	22.01
People
People	Employees	17,324	16,023	15,700	19,009	22,536	23,865	24,888	23,554	24,471	23,399
	Revenue/emp, $m	0.08	0.13	0.16	0.17	0.17	0.20	0.21	0.23	0.25	0.30
Income, $m
Income, $m	Revenue	1,410	2,007	2,560	3,176	3,864	4,771	5,129	5,411	6,066	7,021
	Gross margin, %	35.17	33.27	30.47	29.95	23.15	21.67	25.55	30.36	30.98	24.99
	EBT	406	587	776	971	772	901	1,201	1,505	1,600	1,581
	EBT margin, %	28.81	29.26	30.31	30.56	19.97	18.88	23.42	27.82	26.37	22.51
	Net income	295	486	638	815	663	738	965	1,233	1,218	1,321
	Depreciation	47	86	124	182	282	349	387	405	414	483
Per share, $
Per share, $	Revenue	2.22	2.80	3.41	4.05	4.85	5.82	6.34	6.70	7.54	8.80
	Earnings	0.42	0.68	0.85	1.04	0.83	0.91	1.22	1.53	1.50	1.63
	Cash flow	0.58	0.78	0.85	1.16	0.95	1.38	2.06	2.33	1.95	2.15
	Capex	(0.61)	(0.61)	(0.76)	(0.96)	(1.77)	(1.76)	(1.31)	(1.14)	(0.98)	(1.05)
	Free cash flow	(0.03)	0.17	0.10	0.20	(0.82)	(0.38)	0.75	1.19	0.97	1.09
	Book value	4.48	4.60	6.63	7.04	9.45	9.36	9.76	10.51	10.67	12.04
	Shares, m	635	717	752	784	796	820	809	808	805	798
Valuation, ×
Valuation, ×	P/E	29.73	24.88	18.20	22.45	36.45	31.36	22.23	13.71	12.78	13.14
	P/S	6.18	5.87	4.65	5.76	6.01	4.85	4.35	3.09	2.59	2.37
	P/B	6.76	3.57	2.39	3.32	3.09	3.01	2.83	1.97	1.83	1.74
	EV/Sales	5.95	5.04	3.63	5.06	5.37	4.57	4.18	2.94	2.47	2.08
	EV/FCF	0.00	18.14	14.50	(20.11)	(8.18)	(7.17)	(7.79)	(13.11)	(12.81)	(19.37)
Cash, $m
Cash, $m	Operating cash flow	365	558	641	906	759	1,133	1,664	1,882	1,566	1,711
	Capex	(387)	(434)	(569)	(751)	(1,411)	(1,445)	(1,058)	(919)	(786)	(840)
	Free cash flow	(22)	124	72	155	(652)	(312)	606	963	780	871
Balance, $m
Balance, $m	Working capital	1,392	1,265	2,341	1,927	1,989	890	1,170	971	285	1,587
	Total debt	65	38	—	115	297	630	1,766	2,084	1,303	1,584
	Net debt	(1,652)	(1,652)	(2,650)	(2,239)	(2,468)	(1,346)	(893)	(800)	(1,759)	(2,086)
	Shareholders’ equity	2,845	3,295	4,984	5,516	7,525	7,678	7,898	8,490	8,586	9,600
Returns, %
Returns, %	ROA	11.15	13.23	13.09	13.18	8.44	7.89	9.30	10.34	9.62	10.12
	ROIC	20.91	21.91	16.87	14.96	9.01	8.52	10.01	11.46	14.77	12.46
	ROE	14.84	15.82	15.40	15.52	10.14	9.82	12.68	15.04	14.15	14.28

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FDX FedEx Corporation	$69.0B	15.7×	15.5×	+12.54% (above 0%: growing)	−4.07% (below 0%: shrinking)	+62.20% (above 0%: growing)	69.62%	6.20%	Compare
CHRW C.H. Robinson Worldwide, Inc.	$25.3B	26.8×	30.2×	+19.28% (above 0%: growing)	+24.41% (above 0%: growing)	−91.47% (below 0%: shrinking)	14.96%	5.18%	Compare
EXPD Expeditors International of Washington, Inc.	$25.2B	28.0×	23.6×	+32.07% (above 0%: growing)	+50.37% (above 0%: growing)	+2.03% (above 0%: growing)	30.99%	9.98%	Compare
JBHT J.B. Hunt Transport Services, Inc.	$21.5B	32.5×	38.8×	+19.37% (above 0%: growing)	+45.80% (above 0%: growing)	+29.82% (above 0%: growing)	41.31%	7.42%	Compare
ZTO ZTO Express (Cayman) Inc.	$10.9B	10.6×	11.3×	+29.83% (above 0%: growing)	+73.53% (above 0%: growing)	+121.35% (above 0%: growing)	25.66%	22.19%
LSTR Landstar System, Inc.	$5.8B	43.8×	38.6×	+18.09% (above 0%: growing)	+20.00% (above 0%: growing)	−950.32% (below 0%: shrinking)	21.71%	4.62%	Compare
GXO GXO Logistics, Inc.	$5.3B	40.5×	26.3×	+4.30% (above 0%: growing)	−4.35% (below 0%: shrinking)	+127.91% (above 0%: growing)	14.76%	2.24%	Compare
PBI Pitney Bowes Inc.	$2.3B	13.4×	11.1×	−2.25% (below 0%: shrinking)	+117.65% (above 0%: growing)	+37.11% (above 0%: growing)	53.66%	23.66%	Compare
HUBG Hub Group, Inc.	$1.6B	14.7×	23.7×	−5.31% (below 0%: shrinking)	+23.08% (above 0%: growing)	−37.43% (below 0%: shrinking)	26.84%	4.22%	Compare
Median of peers	$13.6B	27.4×	25.0×	+15.32%	+23.75%	+15.93%	28.92%	5.69%

All 31 Integrated Freight & Logistics stocks →

ZTO Express (Cayman) Inc. (ZTO) key facts

Strength: ZTO Express (Cayman) Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.0 billion, up 15.7% from fiscal 2024.
Strength: Net income was $1.3 billion, or $1.63 per share (basic), a net margin of 18.5%.
ZTO Express (Cayman) Inc. (ZTO) is an Integrated Freight & Logistics company in the Industrials sector, listed on the New York Stock Exchange.
As of October 9, 2026, ZTO traded at $20.15, a market capitalization of $10.9 billion.
At that price the stock trades at 10.6× trailing-twelve-month earnings and 1.9× sales; its P/E is higher than 1% of its own readings over the past ten years.
ZTO Express (Cayman) Inc. pays an annual dividend of $0.39 per share, a yield of 1.94%, with a payout ratio of 21.0%.
Return on equity was 14.3% and debt-to-equity 0.34.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.65 (safe zone) for fiscal 2025.