Stocktoria

ZTO Express (Cayman) Inc. ZTO

NYSE · stock · Trucking & Courier Services (No Air) · website · IPO 2016-10-27 · LEI

ZTO Express (Cayman) Inc. statistics & valuation

Profitability & efficiency

Net margin (%)
3.00% 3.70% 24.90% 25.70% 17.10% 15.60% 19.20% 22.80% 19.90% 18.50% 2016201720182019202020212022202320242025
Gross margin (%)
5.10% 5.10% 30.50% 29.90% 23.20% 21.70% 25.60% 30.40% 31.00% 25.00% 2016201720182019202020212022202320242025
Operating margin (%)
4.10% 4.40% 24.60% 24.70% 18.90% 18.10% 21.90% 26.00% 26.60% 21.30% 2016201720182019202020212022202320242025
Return on equity (%)
10.40% 14.70% 12.80% 14.80% 8.80% 9.70% 12.50% 14.50% 14.10% 13.50% 2016201720182019202020212022202320242025
Shares outstanding
634.6M 717.6M 785.5M 784.3M 828.9M 820.0M 820.3M 838.9M 838.4M 820.8M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
8.80% 12.20% 11.00% 12.40% 7.30% 7.60% 8.70% 9.90% 9.50% 10.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
23.40% 1.20% 6.10% 7.50% -9.10% -3.80% 12.50% 17.80% 14.00% 13.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.42 $0.68 $0.85 $1.04 $0.83 $0.91 $1.21 $1.49 $1.47 $1.60 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ZTO Express (Cayman) Inc. trades at about 14.5× earnings — below its 10-year norm (10-year range 11×–39.9×, median 23.3×).

11× 39.9×

Shaded band = 10-year range (11×–39.9×); dot = today's 14.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin25.0%31.0%30.4%25.6%21.7%23.2%29.9%30.5%5.1%5.1%
Operating margin21.3%26.6%26.0%21.9%18.1%18.9%24.7%24.6%4.4%4.1%
Net margin18.5%19.9%22.8%19.2%15.6%17.1%25.7%24.9%3.7%3.0%
FCF margin13.8%14.0%17.8%12.5%-3.8%-9.1%7.5%6.1%1.2%23.4%
Return on assets10.0%9.5%9.9%8.7%7.6%7.3%12.4%11.0%12.2%8.8%
Return on equity13.5%14.1%14.5%12.5%9.7%8.8%14.8%12.8%14.7%10.4%
Current ratio1.491.071.341.491.442.393.014.132.993.74

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.