RAASY vs YMM
Cloopen Group Holding Ltd. and Full Truck Alliance Co. Ltd., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | RAASY | YMM |
|---|---|---|
| Revenue | CNY 535.7M | CNY 12.5B |
| Net income | CNY -239.3M | CNY 4.5B |
| Gross margin | 27.4% | 40.9% |
| Net margin | −44.6% | 57.0% |
| Return on equity | −25.0% | 11.4% |
| Diluted EPS | −CNY 0.74 | CNY 0.21 |
| Dividend / share | · | · |
| Payout ratio | · | 32.0% |
| Free cash flow | CNY -231.8M | CNY 4.5B |
| Equity | CNY 841.4M | · |
| Net debt / equity | · | · |
| Current ratio | 2.29× | 8.09× |
| Revenue CAGR 5y | −5.8% | 37.1% |
| Profit CAGR 5y | · | · |
YMM bills 23.3× the revenue of RAASY, and RAASY closed the last reported year at a loss.
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 | RAASY | YMM |
|---|---|---|
| FY2025 | CNY 535.7M | CNY 12.5B |
| FY2024 | CNY 573.6M | CNY 11.2B |
| FY2023 | CNY 571.0M | CNY 8.4B |
| FY2022 | CNY 593.6M | CNY 6.7B |
| FY2021 | CNY 752.7M | CNY 4.7B |
| FY2020 | CNY 723.5M | CNY 2.6B |
| FY2019 | CNY 592.8M | CNY 2.5B |
Bottom line
| Fiscal year | RAASY | YMM |
|---|---|---|
| FY2025 | CNY -239.3M | CNY 4.5B |
| FY2024 | CNY -142.8M | CNY 3.1B |
| FY2023 | CNY -409.7M | CNY 2.2B |
| FY2022 | CNY -974.9M | CNY 411.9M |
| FY2021 | CNY -903.9M | CNY -3.7B |
| FY2020 | CNY -425.2M | CNY -3.5B |
| FY2019 | CNY -217.1M | CNY -1.5B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 11,954,150,000 | YMM |
| FY2024 | −CNY 10,665,072,000 | YMM |
| FY2023 | −CNY 7,865,135,000 | YMM |
| FY2022 | −CNY 6,140,010,000 | YMM |
| FY2021 | −CNY 3,904,331,000 | YMM |
| FY2020 | −CNY 1,857,367,000 | YMM |
| FY2019 | −CNY 1,880,263,000 | YMM |
YMM has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −101.6 pp | YMM |
| FY2024 | −76.5 pp | YMM |
| FY2023 | −124.5 pp | YMM |
| FY2022 | −177.3 pp | YMM |
| FY2021 | +59.3 pp | RAASY |
| FY2020 | +243.8 pp | RAASY |
| FY2019 | +97.4 pp | RAASY |
The higher net margin has changed hands between RAASY and YMM over this period.
7 of 8 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 RAASY's over the 7 comparable fiscal years — 132.5 percentage points of standard deviation against 46.2.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between RAASY and YMM over these 7 fiscal years — RAASY led in 3 and YMM in 4.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RAASY's return on equity has been more volatile than YMM's over the 4 comparable fiscal years — 13.6 percentage points of standard deviation against 3.7.
4 of 4 comparable fiscal years — a year missing data on either side is not counted.
Year by year
YMM led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 4 comparable fiscal years — a year missing data on either side is not counted.