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.

Ticker
ZTO
Exchange
NYSE
Sector
Industrials
Industry
Integrated Freight & Logistics
52-week range
$18.31 - $26.20

Valuation

Share price
$20.80 (close of Nov 6, 2026)
P/E (TTM)
11.93x
Price to book
1.69x
Price to free cash flow
16.23x

Price performance

PeriodChange
1 day+0.14%
5 days+3.23%
1 month+5.69%
3 months-13.59%
6 months-19.63%
Year to date-0.43%
1 year+10.05%
3 years-14.82%
5 years-25.29%
10 years+36.84%
All time+25.53%

Short interest

As of
Oct 15, 2026
Short % of float
2.33%
Shares short
11.46M
Days to cover
5.14
Change since prior report
+8.74%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
13.53%
Return on invested capital
10.90%
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)
6.16%
Current ratio
1.64x
Net debt to EBITDA
-0.76x

Latest reported year

Period end
Dec 31, 2025
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%10.90%
2024-12-3130.98%19.91%14.07%11.16%
2023-12-3130.36%22.77%14.51%10.66%
2022-12-3125.55%19.25%12.50%9.03%
2021-12-3121.67%15.64%9.72%8.46%
2020-12-3123.15%17.10%8.78%7.93%
2019-12-3129.95%25.66%14.78%11.18%
2018-12-3130.47%24.90%12.79%9.93%
2017-12-3133.27%24.19%14.74%14.30%
2016-12-3135.17%20.98%10.40%10.08%

Investor relations

Next earnings report

Next confirmed report
Nov 17, 2026

Past earnings dates

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

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 · Short interest · 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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