MARKETS / NYSE / ZTO
NYSE · TRUCKING & COURIER SERVICES (NO AIR) · LARGE CAP

ZTO Express (Cayman) Inc. ZTO

12 fiscal years on record · CNY · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
¥49.1B
▲ 10.9% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
41%
ROE · FY25
14.1%
Net margin · FY25
18.5%
Dividend coverage
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Result
CNY 49.1B
Revenue, FY2025 · full 12-year series below
Revenue Net income
20406049.19.120142017202020232025
20406049.19.12016201920222025

18 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.220142017202020232025
0.40.81.22016201920222025

The company pays no cash dividend.

Profitability
14.1%
Return on equity, FY2025
ROE
8162414.1%20142017202020232025
8162414.1%2016201920222025
Operating margin21.3%
Net margin18.5%
Return on assets9.9%

Each CNY of equity produced 14 cents of profit this year.

Returned to shareholders
CNY 5.0B
returned in FY2025 · dividends + net buybacks
Dividends paidCNY 3.8B
Net buybacksCNY 1.3B
Share of profit55.2%
Consecutive raises

CNY 3.8B in dividends and CNY 1.3B in buybacks — 55% of the year's profit went back to shareholders.

Growth
+14.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+11.5%
+14.3%
+23.2%
Net income
+10.1%
+16.1%
+21.2%
EPS, diluted
+10.2%
+15.6%
+17.9%
Returned to shareholders
+52.7%
+24.9%
+45.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years−4.6%
Change, 10 years+31.8%

The share count shrank 5% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
CNY 91.0B
total assets, end of FY2025
Total assetsCNY 91.0B
EquityCNY 66.4B
CashCNY 10.0B
Gross debtCNY 10.9B
Net debtCNY 922.9M
Current ratio1.49×

Net debt stands at 1% of equity.

History
12 fiscal years
Every figure from documents filed with the SEC · CNY
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue ¥B
49.1
44.3
38.4
35.4
30.4
25.2
22.1
17.6
13.1
9.8
6.1
3.9
Operating income ¥B
10.5
11.8
10.0
7.7
5.5
4.8
5.5
4.3
3.7
2.8
1.5
0.6
EBITDA ¥B
13.9
14.8
12.9
10.4
7.7
6.6
6.7
5.2
4.3
3.1
1.7
0.7
Income tax ¥B
1.9
2.8
1.9
1.6
1.0
0.7
1.1
0.9
0.6
0.7
0.4
0.2
Net income ¥B
9.1
8.8
8.7
6.8
4.8
4.3
5.7
4.4
3.2
2.1
1.3
0.4
EPS, diluted ¥
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh ¥
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
41
64
24
19
28
38
22
20
·
·
9
·
ROE %
14.1
14.5
15.4
13.3
9.7
9.9
15.6
15.8
15.3
16.0
22.7
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
46 of 46
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed