ZTONYSETrucking & Courier Services (No Air)Also trades as ZTOEF

ZTO Express (Cayman) Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026

$20.06−0.11 (-0.55%)

Close on Oct 19, 2026

ZTO Express (Cayman) Inc. income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31
Revenue	49,099	44,281	38,419	35,377	30,406	25,214	22,110	17,604	13,060	9,789	6,086	3,904
Cost of Revenue	36,827	30,564	26,756	26,338	23,816	19,377	15,489	12,240	8,714	6,346	3,999	2,771
Gross Profit	12,271	13,717	11,663	9,039	6,589	5,837	6,621	5,365	4,346	3,443	2,088	1,133
Selling, General & Admin	2,638	2,690	2,425	2,077	1,876	1,664	1,546	1,211	781	706	592	535
Operating Expenses	1,797	1,940	1,655	1,303	1,086	1,083	1,158	1,033	597	674	558	533
Operating Income	10,475	11,777	10,008	7,736	5,503	4,754	5,463	4,332	3,748	2,769	1,529	600
Interest Expense	249	338	290	191	127	35	–	0.78	16	13	16	0.80
Interest & Investment Income	529	657	400	209	213	330	433	307	74	–	–	–
Income from Equity Investments	87	57	4.36	5.84	-32	-19	-7.56	-19	-16	-37	-0.46	5.58
Asset Impairment Charges	84	0	0	0	0	0	0	0	–	–	–	–
Gain (Loss) on Sale of Assets	-71	-152	-10	-42	-32	-9.37	-16	-29	-21	-0.48	-7.29	-3.13
Pretax Income	11,054	11,676	10,689	8,286	5,739	5,035	6,757	5,336	3,821	2,820	1,752	603
Income Tax Expense	1,905	2,845	1,939	1,633	1,005	690	1,078	929	646	732	420	202
Net Income incl. Noncontrolling Interests	9,236	8,888	8,754	6,659	4,701	4,326	5,671	4,388	3,159	2,052	1,332	406
Minority Interest in Earnings	155	71	5.45	-150	-54	14	-2.88	4.89	-0.76	-2.25	-0.14	-0.42
Net Income	9,081	8,817	8,749	6,809	4,755	4,312	5,674	4,383	3,160	2,054	1,332	406
Net Income to Common	9,081	8,817	8,749	6,809	4,755	4,312	–	4,383	3,160	1,848	1,291	406
EPS (Basic)(per share)	11.38	10.95	10.83	8.41	5.80	5.42	7.24	5.83	4.41	2.91	2.15	0.68
EPS (Diluted)(per share)	11.19	10.70	10.60	8.36	5.80	5.42	7.23	5.82	4.40	2.91	2.15	0.68
Shares Outstanding (Basic, Weighted)(shares)	798	805	808	809	820	796	784	752	717	635	599	598
Shares Outstanding (Diluted, Weighted)(shares)	821	838	839	820	820	796	784	753	718	635	599	598
EBITDA	13,854	14,800	12,883	10,407	7,725	6,595	6,727	5,186	4,309	3,094	1,687	664
Provision for Credit Losses	52	37	51	36	20	21	19	4.14	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 25.0%
Operating margin: 21.3%
Net margin: 18.5%
Return on equity, FY2025: 14.1%

Financial strength

Current ratio: 1.49
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 43.8%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.