ZTO Express (Cayman) Inc. (ZTO)

ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It also offers less-than-truckload (LTL) logistics services; integrated logistics solutions for warehousing, distribution, and transportation; and freight forwarding services. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.

Symbol
ZTO
Exchange
NYSE
Sector
Industrials
Industry
Integrated Freight & Logistics
52 week range
18.11 - 26.2

Valuation

Share price
$19.61 (close of 2026-09-23)
P/E (TTM)
11.67x
Price to book
1.56x
Price to free cash flow
15.56x

Price performance

PeriodChange
1 day+0.82%
5 days-3.97%
1 month-8.24%
3 months-10.78%
6 months-21.34%
Year to date-6.13%
1 year+5.89%
3 years-19.83%
5 years-37.63%
All time+18.35%

Profitability and growth

Return on equity
13.53%
Return on invested capital
16.17%
Return on assets
9.98%
Return on capital employed
15.37%
Gross margin
24.99%
Net margin
18.49%
EBITDA margin
28.22%
Revenue growth
10.88%
Net income growth
2.99%
Free cash flow growth
8.57%

Cash flow and balance sheet

Free cash flow yield (TTM)
6.43%
Current ratio
1.49x
Net debt to EBITDA
-0.96x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Shares outstanding
797.63M

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3124.99%18.49%13.53%16.17%
2024-12-3130.98%19.91%14.07%15.48%
2023-12-3130.36%22.77%14.51%14.43%
2022-12-3125.55%19.25%12.50%12.17%
2021-12-3121.67%15.64%9.72%11.07%
2020-12-3123.15%17.10%8.78%12.18%
2019-12-3129.95%25.66%14.78%19.21%
2018-12-3130.47%24.90%12.79%21.21%
2017-12-3133.27%24.19%14.74%28.09%
2016-12-3135.17%20.98%10.40%22.85%

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-18Jun/2026-
2026-05-19--
2026-03-17--
2025-11-19--
2025-08-19--
2025-05-20--
2025-03-18--
2024-11-19--

Filings and sources

Company website
zto.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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