YMM vs YXT
Full Truck Alliance Co. Ltd. and Yxt.com Group Holding Ltd., side by side — 4 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | YMM | YXT |
|---|---|---|
| Revenue | CNY 12.5B | CNY 340.2M |
| Net income | CNY 4.5B | CNY -158.9M |
| Gross margin | 40.9% | 68.3% |
| Net margin | 57.0% | −46.7% |
| Return on equity | 11.4% | −105.3% |
| Diluted EPS | CNY 0.21 | −CNY 0.87 |
| Dividend / share | · | · |
| Payout ratio | 32.0% | · |
| Free cash flow | CNY 4.5B | CNY -147.5M |
| Equity | · | CNY 74.6M |
| Net debt / equity | · | −0.87× |
| Current ratio | 8.09× | 0.49× |
| Revenue CAGR 5y | 37.1% | · |
| Profit CAGR 5y | · | · |
YMM bills 36.7× the revenue of YXT, and YXT 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.
4 years side by side
| Fiscal year | YMM | YXT |
|---|---|---|
| FY2025 | CNY 12.5B | CNY 340.2M |
| FY2024 | CNY 11.2B | CNY 331.2M |
| FY2023 | CNY 8.4B | CNY 424.0M |
| FY2022 | CNY 6.7B | CNY 430.6M |
Bottom line
| Fiscal year | YMM | YXT |
|---|---|---|
| FY2025 | CNY 4.5B | CNY -158.9M |
| FY2024 | CNY 3.1B | CNY -91.8M |
| FY2023 | CNY 2.2B | CNY -220.5M |
| FY2022 | CNY 411.9M | CNY -614.8M |
Standard deviation, each side
YXT's net margin has been more volatile than YMM's over the 4 comparable fiscal years — 46.8 percentage points of standard deviation against 17.7.
4 of 7 comparable fiscal years — a year missing data on either side is not counted.
Year by year
YMM led in net margin in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 7 comparable fiscal years — a year missing data on either side is not counted.