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NYSE · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Full Truck Alliance Co. Ltd. YMM

7 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 12.5B
▲ 11.1% YoY
CNY 4.5B
▲ 42.8% YoY
CNY 4.5B
▲ 55.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Full Truck Alliance provides freight matching services, facilitating transactions between shippers and truckers and connecting them with value-added service providers such as financial institutions, highway authorities, gas stations and insurance companies. In 2025 it facilitated 236.3 million fulfilled orders. An average of approximately 3.28 million shippers posted shipping orders on the FTA platform each month in the fourth quarter of that year, and 4.6 million truckers fulfilled shipping orders on it during the year. Its freight matching and value-added services are reached primarily through the Yunmanman, Huochebang, Shengsheng and Yunmanman Cold Chain shipper and trucker mobile apps. Revenue comes primarily from freight listing membership fees paid by shippers, freight brokerage service fees paid by shippers, transaction service fees paid by truckers, and interests and fees from value-added services to shippers, truckers and other ecosystem participants. On that same date, over 7.23 million users had used at least one of its value-added services. Yunmanman and Huochebang, founded in 2013 and 2011 respectively, merged in 2017 to create FTA.

Written from the business description in Full Truck Alliance Co. Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 14 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 12.5B
Revenue, FY2025 · full 7-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 12.5 · Net income 4.5
5B10B-2B-3B
201920222025
Compound annual growth
+22.9%
+37.1%
+121.2%
+119.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +37.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

57 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 53.0% · Net 57.0%
20%40%-100%-200%-300%
201920222025
ROE
FY2025 · ROE 11.4%
5%10%
201920222025
Three returns, three denominators.

Each CNY of equity produced 11 cents of profit this year.

Cash & shareholders

CNY 1.5B
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 4.5
2.0B4.0B-0.4B-0.8B
201920222025
Net buybacks CNY B Dividends CNY B
FY2025 · Dividends 1.4 · Net buybacks 0.0
1B2B
20212022202320242025

CNY 1.4B in dividends and CNY 35.2M in buybacks — 33% of the year's profit went back to shareholders.

Total assetsCNY 44.3B
CashCNY 6.1B
Current ratio8.09×

Not available: we don't have the total debt figure for this period.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
YMM, 7-year financial record
Metric 2025202420232022202120202019
Revenue CNY B12.511.28.46.74.72.62.5
Operating income CNY B4.12.51.0−0.2−3.8−3.6−1.0
EBITDA CNY B4.22.61.1−0.1−3.7−3.6−0.9
Income tax CNY B0.90.20.10.10.00.0−0.0
Net income CNY B4.53.12.20.4−3.7−3.5−1.5
Free cash flow CNY B4.52.92.2−0.1−0.30.5−0.9
EPS, diluted CNY 0.210.150.100.02−0.31−1.05−0.46
Dividend / sh CNY ◌◌◌◌◌◌◌
Payout %323400———
ROE %11.48.56.41.3———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2019

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