ZTO Express (Cayman) Inc.

ZTO Express (Cayman) Inc.

ZTO
ZTO Express (Cayman) Inc.US flagNew York Stock Exchange
20.95
USD
+0.04
- -
16.59BMarket Cap
ZTO Express (Cayman) Inc.
ZTO
(New York Stock Exchange)

Recent

price

20.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.98
7.77
15.43
18.21
23.42
28.2
31.67
37.08
43.71
47.56
55.02
61.56
68.66
Revenue per Share
0.52
1.7
3.24
4.41
5.83
7.24
5.42
5.8
8.41
10.83
10.95
11.38
13.07
Basic EPS, GAAP
0.36
0.84
-0.18
1.12
0.56
1.37
-5.35
-2.57
5.02
8.28
6.87
7.39
18.73
Free Cash Flow per Basic Share
- -
0.15
- -
- -
1.19
1.62
2.07
1.65
1.63
2.57
6.96
4.71
- -
Dividend per Share
5.45
9.47
27.4
29.7
43.56
48.98
59.09
60.16
66.27
74.31
77.71
83.94
83.66
Book Value per Share
0.93
1.53
19.82
21.52
35.59
40.29
48.66
48.27
54.36
62.01
64.65
70.07
69.07
Tangible Book Value per Share
783
783
635
717
752
784
796
820
809
808
805
798
790
Basic Weighted Avg Shares
3,904
6,086
9,789
13,060
17,604
22,110
25,214
30,406
35,377
38,419
44,281
49,099
54,208
Sales/Revenue/Turnover
15.38
25.13
28.29
28.7
24.61
24.71
18.86
18.1
21.87
26.05
26.6
21.33
20.97
Operating Margin (%)
64
158
325
560
854
1,265
1,840
2,222
2,671
2,875
3,023
3,379
- -
Depreciation Expense
406
1,332
2,054
3,160
4,383
5,674
4,312
4,755
6,809
8,749
8,817
9,081
10,318
Net Income, GAAP
33.58
23.97
25.95
16.92
17.41
15.96
13.7
17.52
19.71
18.14
24.37
17.24
13.39
Effective Tax Rate (%)
10.41
21.88
20.98
24.19
24.9
25.66
17.1
15.64
19.25
22.77
19.91
18.49
19.03
Profit Margin (%)
-779
787
9,664
8,232
16,093
13,417
12,977
5,670
8,070
6,892
2,080
11,096
16,110
Working Capital
- -
- -
- -
- -
- -
504
502
556
7,299
7,485
378
403
10,329
LT Debt
3,396
7,846
19,751
21,441
34,270
38,403
49,100
48,928
54,472
60,280
62,675
67,136
63,738
Total Equity
- -
18.89
14.11
14.65
12.65
12.42
9.02
8.62
10.23
11.39
11.38
10.88
11.58
Return on Invested Capital (%)
- -
22.8
14.57
15.15
15.65
15.45
9.53
9.36
11.76
12.53
11.56
11.51
12.21
Return on Capital (%)
- -
28.87
16.04
15.35
15.75
15.65
9.88
9.74
13.26
15.37
14.47
14.14
16.14
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11,074
11,210
11,711
LT Borrowings
142
10,365
10,203
LT Finance Leases
261
219
127
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
791
766
761
Market Capitalization
115,557
133,115
115,690

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
33,965
38,853
40,075
Cash, Cash Equivalents & STI
25,632
30,486
31,308
Accounts Receivable, Net
1,962
1,797
2,116
Inventories
41
39
31
Total Current Liabilities
22,869
23,689
23,966
Payables & Accruals
8,490
4,886
3,566
ST Debt
11,074
11,210
11,711
Deferred Revenue
1,833
1,717
1,873

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.28%
6.55%
7.12%
Free Cash Flow
-158.22%
-57.93%
6.64%
Net Income, GAAP
23.8%
17.14%
2.99%
Sales/Revenue/Turnover
24.04%
14.34%
10.88%
Total Cash Common Dividend
- -
34.78%
-33%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,960
10,726
10,675
12,920
44,281
2025
10,891
11,832
11,865
14,511
49,099
2026
13,282
14,550
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.77
3.24
2.98
2.97
10.95
2025
2.5
2.42
3.16
3.31
11.38
2026
2.73
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6.96
2025
- -
- -
- -
- -
4.71
2026
- -
- -
- -
- -
- -
Business
ZTO Express (Cayman) Inc. (ZTO) operates as a leading express delivery company in China, providing express delivery services and other value-added logistics solutions primarily to e-commerce merchants, online consumers, and traditional businesses through its extensive nationwide network partner model. The company offers core services including domestic express delivery with real-time tracking, first- and last-mile pickup and delivery via network partners, line-haul transportation and sorting at over 79 hubs, freight forwarding, warehousing, supply chain management, cross-border logistics covering more than 220 countries through business partners, cash-on-delivery, insurance, and returns processing. ZTO serves a diverse customer base encompassing individual consumers, small and medium-sized enterprises, and large e-commerce platforms such as Alibaba, PDD, and JD.com, with operations spanning over 96% of China's cities and counties and key overseas markets. Founded on May 8, 2002, and headquartered at No. 1685 Huazhi Road, Huaxin Town, Shanghai, China, ZTO maintains dual listings on the New York Stock Exchange (NYSE: ZTO) and Hong Kong Stock Exchange (SEHK: 2057). In recent developments, ZTO achieved 34 billion parcels in 2024, marking the ninth consecutive year as China's top express delivery provider by volume, reiterated 2025 parcel volume guidance of 40.8-42.2 billion parcels representing 20-24% year-over-year growth, completed a repurchase of its 1.50% convertible senior notes due 2027, extended its share repurchase program to June 2026 with US$771.7 million remaining from a US$2.0 billion authorization, and continued infrastructure investments including automated sorting expansions exceeding 700 lines.

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