ZTO Express (Cayman) Inc. logo

ZTO Express (Cayman) Inc.

ZTO

NYSEIndustrialsIntegrated Freight & Logistics

Previous close

$21.37

−$0.01 · -0.05%

Aug 21, 4:00 PM ET

ZTO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

83

Deep Value

Momentum

50

Neutral

Sentiment

67

Bullish

Risk resilience

84

Low Risk

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Company profile

Company website

ZTO Express (Cayman) Inc. is a leading provider of expedited parcel delivery and integrated logistics services throughout the People's Republic of China. The company facilitates shipments for a diverse clientele, including online retailers, traditional businesses, and various other entities requiring swift courier solutions. By the end of 2021, specifically December 31, its operations were supported by a substantial vehicle network comprising approximately 10,900 trucks. The firm was established in 2002 and maintains its primary corporate offices in Shanghai, China.

Industry
Integrated Freight & Logistics
Sector
Industrials
Headquarters
CN
CEO
Meisong Lai
Listed since
Oct 27, 2016
Employees
23,888

Market position

Day range

Current $21.37

52-week range

Current $21.37

Open
$21.67
Previous close
$21.38
Volume
1.54M
0.9× average
Average volume
1.72M
Average daily volume
Market cap
16.93B USD
Beta
-0.22
Market reference 1
50-day average
$23.186
-7.83% below average
200-day average
$22.937
-6.83% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
117.95B CNY
EV / EBITDA
8.21×
Earnings yield
7.58%
Free cash flow yield
5.06%

Profitability & efficiency

Return on equity
13.30%
Return on assets
9.70%
Return on invested capital
9.80%

Financial health

Current ratio
1.49×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%26%20%14%Gross margin, FY2021: 21.67%Gross margin, FY2022: 25.55%Gross margin, FY2023: 30.36%Gross margin, FY2024: 30.98%Gross margin, FY2025: 24.99%Operating margin, FY2021: 18.10%Operating margin, FY2022: 21.87%Operating margin, FY2023: 26.05%Operating margin, FY2024: 26.60%Operating margin, FY2025: 19.62%Net margin, FY2021: 15.64%Net margin, FY2022: 19.25%Net margin, FY2023: 22.77%Net margin, FY2024: 19.91%Net margin, FY2025: 18.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.67%. Gross margin FY2022 25.55%. Gross margin FY2023 30.36%. Gross margin FY2024 30.98%. Gross margin FY2025 24.99%. Operating margin FY2021 18.10%. Operating margin FY2022 21.87%. Operating margin FY2023 26.05%. Operating margin FY2024 26.60%. Operating margin FY2025 19.62%. Net margin FY2021 15.64%. Net margin FY2022 19.25%. Net margin FY2023 22.77%. Net margin FY2024 19.91%. Net margin FY2025 18.49%.

Income trends

Revenue

47.76B CNY+7.86%

Operating income

9.37B CNY-20.43%

Net income

8.83B CNY+0.19%
Income trends across reported periods52.06B CNY34.86B CNY17.66B CNY454.21M CNYRevenue, FY2021: 30.41B CNYRevenue, FY2022: 35.38B CNYRevenue, FY2023: 38.42B CNYRevenue, FY2024: 44.28B CNYRevenue, FY2025: 47.76B CNYOperating income, FY2021: 5.5B CNYOperating income, FY2022: 7.74B CNYOperating income, FY2023: 10.01B CNYOperating income, FY2024: 11.78B CNYOperating income, FY2025: 9.37B CNYNet income, FY2021: 4.75B CNYNet income, FY2022: 6.81B CNYNet income, FY2023: 8.75B CNYNet income, FY2024: 8.82B CNYNet income, FY2025: 8.83B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 30.41B CNY. Revenue FY2022 35.38B CNY. Revenue FY2023 38.42B CNY. Revenue FY2024 44.28B CNY. Revenue FY2025 47.76B CNY. Operating income FY2021 5.5B CNY. Operating income FY2022 7.74B CNY. Operating income FY2023 10.01B CNY. Operating income FY2024 11.78B CNY. Operating income FY2025 9.37B CNY. Net income FY2021 4.75B CNY. Net income FY2022 6.81B CNY. Net income FY2023 8.75B CNY. Net income FY2024 8.82B CNY. Net income FY2025 8.83B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue47.76B CNY44.28B CNY38.42B CNY35.38B CNY30.41B CNY
Cost of goods sold35.82B CNY30.56B CNY26.76B CNY26.34B CNY23.82B CNY
Gross profit11.94B CNY13.72B CNY11.66B CNY9.04B CNY6.59B CNY
Selling, general, and administrative2.69B CNY2.43B CNY2.08B CNY1.88B CNY
Operating expenses2.57B CNY1.94B CNY1.65B CNY1.3B CNY1.09B CNY
Interest income726.72M CNY993.54M CNY706.77M CNY503.72M CNY363.89M CNY
Interest expense241.84M CNY337.92M CNY289.53M CNY190.52M CNY126.5M CNY
Depreciation and amortization3.29B CNY3.02B CNY2.88B CNY2.67B CNY2.22B CNY
Operating income9.37B CNY11.78B CNY10.01B CNY7.74B CNY5.5B CNY
Net income8.83B CNY8.82B CNY8.75B CNY6.81B CNY4.75B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-1.42%
11 comparable reports
Latest EPS result
0.56
Estimate 0.5 · Beat by 11.78%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.60.50.40.3Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 0.44, estimate 0.46, surprise -4.35%, Miss. Q2 2025, reported May 21, 2025: actual 0.336, estimate 0.399, surprise -15.83%, Miss. Q3 2025, reported Aug 19, 2025: actual 0.35, estimate 0.4, surprise -12.41%, Miss. Q4 2025, reported Nov 19, 2025: actual 0.435, estimate 0.352, surprise +23.52%, Beat. Q1 2026, reported Mar 17, 2026: actual 0.47, estimate 0.448, surprise +4.86%, Beat. Q2 2026, reported May 19, 2026: actual 0.43, estimate 0.446, surprise -3.52%, Miss. Q3 2026, reported Aug 18, 2026: actual 0.56, estimate 0.501, surprise +11.78%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 0.499, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.23B1.96B1.69B1.41BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 1.77B USD, estimate 1.61B USD, surprise +9.98%, Beat. Q2 2025, reported May 21, 2025: actual 1.5B USD, estimate 1.67B USD, surprise -9.92%, Miss. Q3 2025, reported Aug 19, 2025: actual 1.65B USD, estimate 1.7B USD, surprise -2.76%, Miss. Q4 2025, reported Nov 19, 2025: actual 1.67B USD, estimate 1.66B USD, surprise +0.46%, Beat. Q1 2026, reported Mar 17, 2026: actual 2.07B USD, estimate 2.05B USD, surprise +1.19%, Beat. Q2 2026, reported May 19, 2026: actual 1.93B USD, estimate 1.84B USD, surprise +4.59%, Beat. Q3 2026, reported Aug 18, 2026: actual 2.14B USD, estimate 2.15B USD, surprise -0.33%, Miss. Q4 2026, reported Nov 18, 2026: actual —, estimate 2.07B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

6 institutions
BernsteinmaintainOutperform

ZTO peers

ETFs holding ZTO

Funds reporting this stock among their holdings, ordered by reported position size.

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