7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $4.5B | 63.0% | 33.2% | $643M | — | $867M |
| 2024 | $1.5B | $3.1B | 54.6% | 22.0% | $397M | — | $796M |
| 2023 | $1.2B | $2.2B | 51.2% | 11.8% | $306M | — | $954M |
| 2022 | $976M | $412M | 47.8% | -2.4% | -$15M | — | $745M |
| 2021 | $731M | -$3.7B | 45.5% | -81.5% | -$40M | — | $672M |
| 2020 | — | -$3.5B | — | — | — | — | — |
| 2019 | — | -$1.5B | — | — | — | — | — |
How the market has priced YMM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Full Truck Alliance Co. Ltd.'s revenue has grown 25.0% per year. These are computed facts, not advice.
As of FY2025, Full Truck Alliance Co. Ltd. reported — of total debt against $867M of cash.
In FY2025, gross margin was 63.0%, operating margin 33.2%, and net margin 249.7%.
As of Jun '26, Full Truck Alliance Co. Ltd. traded at a price-to-earnings ratio of about 35.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.