ZTO Express (Cayman) Inc.

NYSE•ZTO

CEO: Mr. Meisong Lai

Sector: Industrials

Industry: Integrated Freight & Logistics

Listing Date: 2016-10-27

ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.

Contact Information

Building One, No. 1685 Huazhi Road, Huaxin Town Qingpu District, Shanghai, 201708, China

86-21-5980-4508

www.zto.com

Market Cap

$18.63B

P/E (TTM)

14.5

31.2

Dividend Yield

2.8%

52W High

$25.52

52W Low

$16.34

52W Range

76%

Rank23Top 9.4%

5.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.65B+10.56%

4-Quarter Trend

EPS

$0.44+6.04%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue and Profit Growth Total revenues reached RMB 44.28B, up 15.3%. Gross profit grew 17.6% to RMB 13.72B. Gross margin improved to 31.0%.

Core Revenue Drivers Strong Express delivery revenue grew 15.7%, driven by 12.6% parcel volume growth. KA revenue increased 100.7% year-over-year.

Strong Cash Position Maintained Cash, equivalents, and short-term investments totaled RMB 22.4B as of year-end 2024. Operating cash flow was RMB 11.43B.

New Dividend Policy Implemented Adopted policy to distribute recurring semi-annual dividends, equivalent to minimum 40% of distributable profit starting in fiscal year 2024.

Risk Factors

VIE Structure Enforcement Risk Reliance on contractual arrangements creates uncertainty; PRC government action could force deconsolidation, severely impacting share value.

PRC Regulatory Scrutiny Evolving PRC laws regarding overseas listings, data security, and foreign investment pose ongoing compliance and operational risks.

Labor Costs and Operational Disruptions Labor-intensive operations face rising salary costs and potential service interruptions from network partner issues or external events.

US Trading Prohibition Risk Failure of PCAOB inspection access could lead to ADSs being prohibited from trading on NYSE under the HFCAA.

Outlook

Continued Infrastructure Investment Plan continued capital expenditures for sorting hubs, fleet upgrades, and technology systems to support growth and efficiency.

Service Diversification Strategy Expanding offerings into LTL, cross-border, and air cargo logistics to broaden customer base and revenue streams.

Shareholder Return Commitment Share repurchase program extended through June 30, 2025, authorized up to US$2.0B for ADS buyback.

Managing Growth Challenges Success depends on effectively managing expansion, optimizing network integration, and retaining qualified management personnel.

Peer Comparison

Revenue (TTM)

CHRW

$16.23B

-8.4%

TXT

$14.80B

+3.9%

JBHT

$12.00B

-0.7%

Gross Margin (Latest Quarter)

ALLE

44.5%

+1.1pp

CSL

33.8%

-2.5pp

WWD

29.3%

+3.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
XPO	$25.28B	79.7	17.8%	57.4%
WWD	$23.13B	47.2	19.6%	19.2%
CHRW	$22.93B	39.5	32.5%	32.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-2.8%

Flat Growth

4Q Net Income CAGR

1.9%

Profitability Slowly Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Mar 17, 2026

EPS:$0.44

Revenue:$1.99B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data