ZTO Express (Cayman) Inc. financials

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ZTO Express (Cayman) Inc. reports to SEC EDGAR in CNY (it files a 20-F/40-F as a foreign private issuer), so every monetary figure below is in CNY as filed, not US dollars.
ZTO CIK 0001677250

Source: EDGAR filings · Built 2026-06-19T03:25:59Z

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 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 6.75B 6.22B 6.83B 4.41B -1.14B -2.29B
EBITDA 13.85B 14.80B 12.88B 10.41B 7.72B 6.59B
Working Capital 11.10B 2.08B 6.89B 8.07B 5.67B 12.98B
Net Debt 1.45B 3.88B 10.13B 1.43B -5.28B -11.70B
Gross Margin 24.99% 30.98% 30.36% 25.55% 21.67% 23.15%
Operating Margin 21.33% 26.60% 26.05% 21.87% 18.10% 18.86%
Net Margin 18.49% 19.91% 22.77% 19.25% 15.64% 17.10%
Return on Equity (ROE) 13.68% 14.21% 14.63% 12.60% 9.78% 8.80%
Return on Assets (ROA) 9.98% 9.55% 9.89% 8.67% 7.57% 7.28%
Current Ratio 1.49× 1.07× 1.34× 1.49× 1.44× 2.39×
Debt-to-Equity 0.17× 0.28× 0.38× 0.24× 0.09× 0.05×
Effective Tax Rate 17.24% 24.37% 18.14% 19.71% 17.52% 13.70%
Cash Conversion Ratio 1.32× 1.30× 1.53× 1.69× 1.52× 1.15×
Accruals Ratio -0.03× -0.03× -0.05× -0.06× -0.04× -0.01×
SBC % of Revenue 0.47% 0.72% 0.66% 0.51% 0.82% 1.05%
CapEx Coverage 2.30× 2.19× 2.05× 1.62× 0.86× 0.68×
Free Cash Flow Per Share ¥8.23 ¥7.42 ¥8.14 ¥5.38 ¥-1.39 ¥-2.87

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cost of Revenue 5.27B 4.19B 3.77B 3.82B 3.74B 2.97B
Gross Profit 1.75B 1.88B 1.64B 1.31B 1.03B 894.58M
Selling, General and Administrative Expense 377.17M 368.53M 341.59M 301.19M 294.37M 254.97M
Operating Expenses 256.91M 265.81M 233.05M 188.89M 170.47M 165.94M
Operating Income (Loss) 1.50B 1.61B 1.41B 1.12B 863.54M 728.64M
Income Tax Expense (Benefit) 272.44M 389.81M 273.05M 236.81M 157.78M 105.72M
Net Income (Loss) Attributable to Parent 1.30B 1.21B 1.23B 987.22M 746.14M 660.88M
Earnings Per Share, Basic $1.63 $1.50 $1.53 $1.22 $0.91 $0.83
Weighted Average Number of Shares Outstanding, Basic 797.63M 804.88M 807.74M 809.44M 819.96M 796.10M
Earnings Per Share, Diluted $1.60 $1.47 $1.49 $1.21 $0.91 $0.83
Weighted Average Number of Shares Outstanding, Diluted 820.80M 838.44M 838.95M 820.27M 819.96M 796.15M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 1.43B 1.84B 1.74B 1.70B 1.53B 2.18B
Assets, Current 4.86B 4.16B 3.80B 3.55B 2.93B 3.42B
Assets 13.02B 12.65B 12.46B 11.38B 9.85B 9.07B
Liabilities, Current 3.27B 3.87B 2.83B 2.38B 2.04B 1.43B
Liabilities 3.42B 4.06B 3.97B 3.49B 2.17B 1.55B
Stockholders' Equity Attributable to Parent 9.49B 8.50B 8.42B 7.83B 7.63B 7.51B
Common Stock, Shares, Outstanding 790.81M 798.62M 804.72M 809.25M 808.45M 828.87M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.71B 1.57B 1.88B 1.66B 1.13B 758.74M
Payments to Acquire Property, Plant, and Equipment 745.63M 713.51M 919.57M 1.02B 1.31B 1.11B
Net Cash Provided by (Used in) Investing Activities -690.27M -819.36M -1.73B -2.33B -1.37B -543.96M
Payments for Repurchase of Common Stock 179.14M 158.57M 141.76M 12.26M 597.96M 188.25M
Payments of Dividends — 767.94M 291.91M 191.85M 212.47M 252.77M
Net Cash Provided by (Used in) Financing Activities -1.51B -684.34M -108.43M 1.02B -455.70M 1.28B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (ZTO CIK 0001677250), 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.

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