Full Truck Alliance Co. Ltd. financials
Source: EDGAR filings · Built 2026-06-19T01:48:20Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 4.50B | 2.90B | 2.17B | -101.21M | -254.64M | 521.68M |
| EBITDA | 4.25B | 2.55B | 1.07B | -73.66M | -3.73B | -3.55B |
| Working Capital | 20.20B | 24.24B | 20.72B | 28.27B | 26.16B | 18.72B |
| Net Debt | -6.03B | -5.75B | -6.69B | -5.06B | -4.28B | — |
| Gross Margin | 63.02% | 54.62% | 51.17% | 47.81% | 45.46% | 49.01% |
| Operating Margin | 33.20% | 22.02% | 11.82% | -2.41% | -81.51% | -140.06% |
| Net Margin | 35.70% | 27.79% | 26.40% | 6.12% | -78.47% | -134.47% |
| Return on Equity (ROE) | 11.00% | 8.29% | 6.25% | 1.22% | -11.59% | 40.91% |
| Return on Assets (ROA) | 10.06% | 7.57% | 5.66% | 1.12% | -10.62% | -13.81% |
| Current Ratio | 8.09× | 9.03× | 7.33× | 11.35× | 10.57× | 10.54× |
| Debt-to-Equity | 0.00× | 0.00× | 0.00× | 0.00× | 0.00× | — |
| Effective Tax Rate | 17.24% | 7.12% | 4.58% | 18.91% | -0.39% | -0.56% |
| Cash Conversion Ratio | 1.04× | 0.95× | 1.02× | -0.04× | 0.06× | -0.17× |
| Accruals Ratio | -0.00× | 0.00× | -0.00× | 0.01× | -0.10× | -0.16× |
| SBC % of Revenue | 2.25% | 4.42% | 5.24% | 13.65% | 77.92% | 126.10% |
| CapEx Coverage | 35.67× | 39.62× | 22.62× | -0.18× | -4.89× | 10.83× |
| Free Cash Flow Per Share | ¥0.21 | ¥0.14 | ¥0.10 | ¥-0.00 | ¥-0.02 | ¥0.15 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cost of Goods and Services Sold | 660.48M | 698.77M | 580.15M | 509.56M | 398.58M | 1.32B |
| Research and Development Expense | 125.04M | 120.56M | 133.33M | 132.54M | 114.50M | 413.37M |
| Operating Income (Loss) | 592.90M | 339.07M | 140.49M | -23.49M | -595.67M | -3.61B |
| Income Tax Expense (Benefit) | 132.87M | 32.80M | 15.04M | 13.92M | 2.23M | 19.34M |
| Net Income (Loss) Attributable to Parent | 4.46B | 3.12B | 2.23B | 411.90M | -3.65B | -3.47B |
| Earnings Per Share, Basic | $0.03 | $0.02 | $0.01 | $0.00 | ¥-0.31 | ¥-1.05 |
| Weighted Average Number of Shares Outstanding, Basic | 20.84B | 20.82B | 21.11B | 21.52B | 13.45B | 3.42B |
| Earnings Per Share, Diluted | $0.03 | $0.02 | $0.01 | $0.00 | ¥-0.31 | ¥-1.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 20.93B | 20.90B | 21.16B | 21.58B | 13.45B | 3.42B |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 867.45M | 796.01M | 953.66M | 744.84M | 672.30M | 10.06B |
| Assets, Current | 3.30B | 3.73B | 3.38B | 4.50B | 4.53B | 20.68B |
| Assets | 6.34B | 5.66B | 5.54B | 5.32B | 5.40B | 25.13B |
| Liabilities, Current | 407.69M | 413.74M | 461.23M | 396.07M | 428.99M | 1.96B |
| Liabilities | 436.20M | 431.81M | 486.33M | 418.91M | 450.30M | 2.08B |
| Stockholders' Equity Attributable to Parent | — | — | 5.02B | 4.88B | 4.95B | -8.48B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 661.63M | 406.91M | 319.67M | -2.25M | -33.18M | 574.74M |
| Net Cash Provided by (Used in) Investing Activities | -388.58M | -331.49M | 77.99M | 309.00M | -2.26B | -2.69B |
| Payments for Repurchase of Common Stock | 5.03M | 0 | 25.32M | 0 | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -236.80M | -208.20M | -164.37M | -192.86M | 1.40B | 8.32B |
Derived Metrics
| Concept | Q4 2025 | Q4 2024 | Q4 2023 | Q4 2022 | Q4 2021 | Q4 2021 |
|---|---|---|---|---|---|---|
| Working Capital | 20.20B | 24.24B | 20.72B | 28.27B | 26.16B | 18.72B |
| Net Debt | -6.03B | -5.75B | -6.69B | -5.06B | -4.28B | — |
| Current Ratio | 8.09× | 9.03× | 7.33× | 11.35× | 10.57× | 10.54× |
| Debt-to-Equity | 0.00× | 0.00× | 0.00× | 0.00× | 0.00× | — |
Income Statement
| Concept | Q4 2025 | Q4 2024 | Q4 2023 | Q4 2022 | Q4 2021 | Q4 2021 |
|---|---|---|---|---|---|---|
| Weighted Average Number of Shares Outstanding, Basic | 20.84B | 20.82B | 21.11B | 21.52B | 13.45B | 3.42B |
| Weighted Average Number of Shares Outstanding, Diluted | 20.93B | 20.90B | 21.16B | 21.58B | 13.45B | 3.42B |
Balance Sheet
| Concept | Q4 2025 | Q4 2024 | Q4 2023 | Q4 2022 | Q4 2021 | Q4 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 867.45M | 796.01M | 953.66M | 744.84M | 672.30M | 10.06B |
| Assets, Current | 3.30B | 3.73B | 3.38B | 4.50B | 4.53B | 20.68B |
| Assets | 6.34B | 5.66B | 5.54B | 5.32B | 5.40B | 25.13B |
| Liabilities, Current | 407.69M | 413.74M | 461.23M | 396.07M | 428.99M | 1.96B |
| Liabilities | 436.20M | 431.81M | 486.33M | 418.91M | 450.30M | 2.08B |
| Stockholders' Equity Attributable to Parent | — | — | 5.02B | 4.88B | 4.95B | -8.48B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (YMM CIK 0001838413),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.