MOMO vs YMM
Hello Group Inc. and Full Truck Alliance Co. Ltd., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | MOMO | YMM |
|---|---|---|
| Revenue | CNY 10.4B | CNY 12.5B |
| Net income | CNY 804.0M | CNY 4.5B |
| Gross margin | 37.8% | 40.9% |
| Net margin | 7.8% | 57.0% |
| Return on equity | 7.1% | 11.4% |
| Diluted EPS | CNY 2.37 | CNY 0.21 |
| Dividend / share | · | · |
| Payout ratio | · | 32.0% |
| Free cash flow | CNY 690.6M | CNY 4.5B |
| Equity | · | · |
| Net debt / equity | −0.48× | · |
| Current ratio | 4.68× | 8.09× |
| Revenue CAGR 5y | −7.2% | 37.1% |
| Profit CAGR 5y | −17.5% | · |
YMM bills 1.2× the revenue of MOMO, and keeps more of each dollar of revenue as profit (57.0% against 7.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | MOMO | YMM |
|---|---|---|
| FY2025 | CNY 10.4B | CNY 12.5B |
| FY2024 | CNY 10.6B | CNY 11.2B |
| FY2023 | CNY 12.0B | CNY 8.4B |
| FY2022 | CNY 12.7B | CNY 6.7B |
| FY2021 | CNY 14.6B | CNY 4.7B |
| FY2020 | CNY 15.0B | CNY 2.6B |
| FY2019 | CNY 17.0B | CNY 2.5B |
Bottom line
| Fiscal year | MOMO | YMM |
|---|---|---|
| FY2025 | CNY 804.0M | CNY 4.5B |
| FY2024 | CNY 1.0B | CNY 3.1B |
| FY2023 | CNY 2.0B | CNY 2.2B |
| FY2022 | CNY 1.5B | CNY 411.9M |
| FY2021 | CNY -2.9B | CNY -3.7B |
| FY2020 | CNY 2.1B | CNY -3.5B |
| FY2019 | CNY 3.0B | CNY -1.5B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 2,122,763,000 | YMM |
| FY2024 | −CNY 675,667,000 | YMM |
| FY2023 | +CNY 3,566,164,000 | MOMO |
| FY2022 | +CNY 5,970,528,000 | MOMO |
| FY2021 | +CNY 9,918,700,000 | MOMO |
| FY2020 | +CNY 12,443,368,000 | MOMO |
| FY2019 | +CNY 14,542,028,000 | MOMO |
The higher-revenue side has changed between MOMO and YMM over this period. The gap has narrowed since the earliest year compared.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −49.3 pp | YMM |
| FY2024 | −41.0 pp | YMM |
| FY2023 | −36.0 pp | YMM |
| FY2022 | −1.3 pp | YMM |
| FY2021 | +159.4 pp | MOMO |
| FY2020 | +316.6 pp | MOMO |
| FY2019 | +154.2 pp | MOMO |
The higher net margin has changed hands between MOMO and YMM over this period.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
YMM's net margin has been more volatile than MOMO's over the 7 comparable fiscal years — 132.5 percentage points of standard deviation against 11.9.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MOMO and YMM over these 7 fiscal years — MOMO led in 3 and YMM in 4.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MOMO's return on equity has been more volatile than YMM's over the 4 comparable fiscal years — 3.9 percentage points of standard deviation against 3.7.
4 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MOMO and YMM over these 4 fiscal years — MOMO led in 3 and YMM in 1.
4 of 11 comparable fiscal years — a year missing data on either side is not counted.