ZTO
ZTO Express (Cayman) Inc
NYSE: ZTO · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$25.37
-0.98% today
Updated 2026-04-29
Market cap
$19.46B
P/E ratio
15.47
P/S ratio
0.40x
EPS (TTM)
$1.64
Dividend yield
2.72%
52W range
$16 – $26
Volume
1.8M
ZTO Express (Cayman) Inc (ZTO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.90B | $6.09B | $9.79B | $13.06B | $17.60B | $22.11B | $25.21B | $30.41B | $35.38B | $38.42B | $44.28B | $47.76B |
| Revenue growth (YoY) | — | +55.9% | +60.8% | +33.4% | +34.8% | +25.6% | +14.0% | +20.6% | +16.3% | +8.6% | +15.3% | +7.9% |
| Cost of revenue | $2.77B | $4.00B | $6.35B | $8.71B | $12.24B | $15.49B | $19.38B | $23.82B | $26.34B | $26.76B | $30.56B | $35.82B |
| Gross profit | $1.13B | $2.09B | $3.44B | $4.35B | $5.36B | $6.62B | $5.84B | $6.59B | $9.04B | $11.66B | $13.72B | $11.94B |
| Gross margin | 29.0% | 34.3% | 35.2% | 33.3% | 30.5% | 29.9% | 23.1% | 21.7% | 25.6% | 30.4% | 31.0% | 25.0% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $58075.00 | $591.74M | $706.00M | $780.52M | $1.21B | $1.55B | $1.66B | $1.88B | $2.08B | $2.29B | $2.69B | $2.64B |
| Operating income | $600.30M | $1.53B | $2.77B | $3.75B | $4.33B | $5.46B | $4.75B | $5.50B | $7.74B | $10.01B | $11.78B | $9.37B |
| Operating margin | 15.4% | 25.1% | 28.3% | 28.7% | 24.6% | 24.7% | 18.9% | 18.1% | 21.9% | 26.0% | 26.6% | 19.6% |
| EBITDA | $667.72M | $1.93B | $3.16B | $4.40B | $6.19B | $8.02B | $6.91B | $8.09B | $11.15B | $13.85B | $15.04B | $12.66B |
| EBITDA margin | 17.1% | 31.7% | 32.3% | 33.7% | 35.2% | 36.3% | 27.4% | 26.6% | 31.5% | 36.1% | 34.0% | 26.5% |
| EBIT | $603.71M | $1.77B | $2.83B | $3.84B | $5.34B | $6.76B | $5.07B | $5.87B | $8.48B | $10.98B | $12.01B | $9.37B |
| Interest expense | $798000.00 | $16.39M | $12.99M | $15.67M | $780000.00 | $15.67M | $35.31M | $126.50M | $190.52M | $289.53M | $337.92M | $241.84M |
| Income tax | $202.49M | $420.00M | $731.99M | $646.36M | $929.13M | $1.08B | $689.83M | $1.01B | $1.63B | $1.94B | $2.85B | — |
| Effective tax rate | 33.3% | 24.0% | 26.3% | 17.0% | 17.5% | 16.0% | 13.8% | 17.5% | 19.3% | 18.1% | 24.4% | 0.0% |
| Net income | $406.43M | $1.33B | $2.05B | $3.16B | $4.38B | $5.67B | $4.31B | $4.75B | $6.81B | $8.75B | $8.82B | $8.83B |
| Net income growth (YoY) | — | +227.7% | +54.2% | +53.8% | +38.7% | +29.5% | -24.0% | +10.3% | +43.2% | +28.5% | +0.8% | +0.2% |
| Profit margin | 10.4% | 21.9% | 21.0% | 24.2% | 24.9% | 25.7% | 17.1% | 15.6% | 19.2% | 22.8% | 19.9% | 18.5% |