The full income statement, balance sheet, and cash-flow statement for ZTO Express (Cayman) Inc. American Depositary Shares each representing one (ZTO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
Source: ZTO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ZTO filings on SEC EDGAR → Not investment advice.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.02B YoY+15.7% | 6.07B YoY+12.1% | 5.41B YoY+5.5% | 5.13B YoY+7.5% | 4.77B YoY+23.5% | |
1.75B YoY-6.6% | 1.88B YoY+14.4% | 1.64B YoY+25.3% | 1.31B YoY+26.7% | 1.03B YoY+15.6% | ||
257M YoY-3.3% | 266M YoY+14.1% | 233M YoY+23.4% | 189M YoY+10.8% | 170M YoY+2.7% | ||
| Operating income | 1.50B YoY-7.2% | 1.61B YoY+14.5% | 1.41B YoY+25.7% | 1.12B YoY+29.9% | 864M YoY+18.5% | |
| Interest expense | 35.6M YoY-23.2% | 46.3M YoY+13.5% | 40.8M YoY+47.6% | 27.6M YoY+39.2% | 19.9M YoY+266.9% | |
| Interest & investment income | 73.6M YoY-19.4% | 91.3M YoY+61.7% | 56.5M YoY+81.8% | 31.1M YoY-5.8% | 33.0M YoY-31.0% | |
| Equity-method income | 12.5M YoY+58.9% | 7.87M YoY+1180.9% | 614K YoY-27.5% | 847K YoY+116.7% | -5.09M YoY-79.4% | |
| Pre-tax income | 1.58B YoY-1.2% | 1.60B YoY+6.2% | 1.51B YoY+25.3% | 1.20B YoY+33.4% | 901M YoY+16.7% | |
| Income tax | 272M YoY-30.1% | 390M YoY+42.8% | 273M YoY+15.3% | 237M YoY+50.1% | 158M YoY+49.2% | |
1.30B YoY+7.5% | 1.21B YoY-2.0% | 1.23B YoY+24.8% | 987M YoY+32.3% | 746M YoY+12.9% | ||
$1.60 YoY+8.8% | $1.47 YoY-1.3% | $1.49 YoY+23.1% | $1.21 YoY+33.0% | $0.91 YoY+9.6% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
4.86B YoY+16.8% | 4.16B YoY+9.5% | 3.80B YoY+7.0% | 3.55B YoY+21.1% | 2.93B YoY-14.4% | ||
13.0B YoY+2.9% | 12.7B YoY+1.5% | 12.5B YoY+9.4% | 11.4B YoY+15.6% | 9.85B YoY+8.6% | ||
3.27B YoY-15.6% | 3.87B YoY+37.1% | 2.83B YoY+18.8% | 2.38B YoY+16.6% | 2.04B YoY+42.4% | ||
3.42B YoY-16.0% | 4.06B YoY+2.4% | 3.97B YoY+13.8% | 3.49B YoY+60.5% | 2.17B YoY+40.3% | ||
9.49B YoY+11.6% | 8.50B YoY+0.9% | 8.42B YoY+7.5% | 7.83B YoY+2.6% | 7.63B YoY+1.7% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
1.71B YoY+9.3% | 1.57B YoY-16.8% | 1.88B YoY+13.1% | 1.66B YoY+46.9% | 1.13B YoY+49.3% | ||
-690M YoY+15.8% | -819M YoY+52.5% | -1.73B YoY+25.8% | -2.33B YoY-69.3% | -1.37B YoY-152.6% | ||
-1.51B YoY-120.8% | -684M YoY-531.1% | -108M YoY-110.6% | 1.02B YoY+324.6% | -456M YoY-135.7% | ||
| FX effect on cash | — | — | — | — | -23.6M YoY+76.5% | |
| Net change in cash | -498M YoY-858.2% | 65.7M YoY+4.1% | 63.1M YoY-84.6% | 411M YoY+157.0% | -720M YoY-151.8% | |
| Interest paid | 37.3M YoY-7.9% | 40.5M YoY+15.5% | 35.1M YoY+36.3% | 25.7M YoY+29.3% | 19.9M YoY+275.1% | |
| Income taxes paid | 378M YoY+15.0% | 328M YoY+39.5% | 235M YoY+29.6% | 182M YoY+1.5% | 179M YoY+17.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 16.6B YoY+6.4% | 15.6B YoY-9.3% | 17.2B YoY-20.7% | 21.7B YoY-4.8% | 22.8B YoY-5.6% | |
| P/E | 12.8× YoY-1.0% | 12.9× YoY-25.9% | 17.4× YoY-40.1% | 29.1× YoY-4.8% | 30.6× YoY-16.4% | |
| P/S | 2.4× YoY-8.0% | 2.6× YoY-23.3% | 3.4× YoY-26.3% | 4.6× YoY-4.8% | 4.8× YoY-23.6% | |
| P/B | 1.8× YoY-4.7% | 1.8× YoY-16.5% | 2.2× YoY-22.8% | 2.8× YoY-4.8% | 3.0× YoY-7.2% | |
| P/FCF | 17.2× YoY-6.1% | 18.3× YoY-32.0% | 26.9× | — | — | |
7.8% YoY+1.0% | 7.7% YoY+35.0% | 5.7% YoY+66.9% | 3.4% YoY+5.0% | 3.3% YoY+19.6% | ||
5.8% YoY+6.5% | 5.5% YoY+47.0% | 3.7% | — | — | ||
3.3% YoY-34.8% | 5.0% YoY+191.8% | 1.7% YoY+93.8% | 0.88% YoY-5.3% | 0.93% YoY-10.9% | ||
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
