Full Truck Alliance Co. Ltd.

NYSE•YMM

CEO: Mr. Hui Zhang

Sector: Technology

Industry: Software - Application

Listing Date: 2021-06-23

Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services. It also provides technology development and other services. The company was founded in 2011 and is based in Guiyang, China.

Contact Information

6 Keji Road, Huaxi District, Guiyang, 550025, China

86-85-1838-42056

www.fulltruckalliance.com

Market Cap

$9.01B

P/E (TTM)

13.9

Dividend Yield

1.9%

52W High

$14.07

52W Low

$8.04

52W Range

Rank36Top 31.8%

4.5

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Average • 4.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$444.19M+0.00%

4-Quarter Trend

EPS

$0.13+0.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Strong Revenue and Profit Growth Total net revenues reached RMB 11.24B in 2024, up 33.2% from 2023. Net income grew 40.2% to RMB 3.12B.

Freight Matching Revenue Surge Freight matching services revenue hit RMB 9.46B in 2024, marking a 34.0% increase, driven by transaction service growth.

Healthy Operating Cash Flow Net cash provided by operating activities was RMB 2.97B in 2024, supporting investments and dividend payments.

Non-GAAP Profitability Improvement Non-GAAP adjusted net income reached RMB 4.02B in 2024, showing strong underlying operational performance.

Risk Factors

PRC Regulatory Structure Uncertainty Reliance on VIE contractual arrangements faces risk if PRC government invalidates structure, potentially causing loss of operations.

Market Fluctuation and Pricing Risk Business results are sensitive to China's road transportation market changes, impacting cargo volumes and pricing realization.

Cybersecurity and Data Security Complex, evolving PRC data laws create compliance risks; failure to protect sensitive user data could lead to material adverse impact.

Freight Grant Profitability Reliance Freight brokerage profitability relies on government grants, which saw a reduction in amount during 2024.

Outlook

New Semi-Annual Dividend Policy Board approved semi-annual dividend policy starting 2025, expecting total cash dividend of approximately US$200M for 2025.

Technology and Service Expansion Plans include expanding dedicated teams for LTL and intra-city services, leveraging AI and technology for growth.

User Engagement Focus Strategy centers on enhancing user experience and platform digitalization to drive retention and market share.

Capital Expenditure for Growth Group plans continued capital expenditures, mainly for office building construction, to support expected business growth.

Peer Comparison

Revenue (TTM)

YMM

$1.73B

+10.7%

CINT

$1.04B

+129.6%

BMBL

$965.66M

-9.9%

Gross Margin (Latest Quarter)

RDVT

94.7%

+1.7pp

APPS

91.9%

+1.9pp

DCBO

78.5%

-2.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
YMM	$9.01B	13.9	11.2%	0.1%
RSKD	$747.84M	-26.3	-8.4%	6.1%
LYTS	$743.77M	31.6	8.9%	32.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

6.2%

Steady Growth

4Q Net Income CAGR

-7.6%

Declining Profitability

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:May 19, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data