10 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 | $7.0B | $1.3B | 25.0% | 21.3% | $966M | — | $1.4B |
| 2024 | $6.1B | $1.2B | 31.0% | 26.6% | $852M | — | $1.8B |
| 2023 | $5.4B | $1.2B | 30.4% | 26.0% | $962M | — | $1.7B |
| 2022 | $5.1B | $987M | 25.6% | 21.9% | $640M | — | $1.7B |
| 2021 | $4.8B | $746M | 21.7% | 18.1% | -$179M | — | $1.5B |
| 2020 | $3.9B | $661M | 23.2% | 18.9% | -$350M | — | $2.2B |
| 2019 | $3.2B | $815M | 29.9% | 24.7% | $240M | — | $757M |
| 2018 | $2.6B | $637M | 30.5% | 24.6% | $157M | — | $672M |
| 2017 | — | $486M | — | — | $163M | — | $834M |
| 2016 | — | $296M | — | — | — | — | $1.6B |
How the market has priced ZTO 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, Zto Express (Cayman) Inc.'s revenue has grown 12.7% per year, and net income grown 14.5% per year. These are computed facts, not advice.
As of FY2025, Zto Express (Cayman) Inc. reported — of total debt against $1.4B of cash; operating income covered interest expense 42×.
In FY2025, gross margin was 25.0%, operating margin 21.3%, and net margin 18.5%.
As of Jun '26, Zto Express (Cayman) Inc. traded at a price-to-earnings ratio of about 13.8× (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.