Full Truck Alliance (YMM) Invested Capital (2019 - 2025)
Full Truck Alliance recorded quarterly Invested Capital of $5.7 billion in Q4 2025, up 2.43% quarter-over-quarter from $5.6 billion in Q3 2025, and up 8.96% year-over-year from $5.2 billion in Q4 2024.
Full Truck Alliance's Invested Capital history runs 7 years deep, the most recent figure standing at $5.7 billion for Q4 2025.
- In Q4 2025, Invested Capital rose 8.96% year-over-year to $5.7 billion; the TTM figure through Dec 2025 stood at $5.7 billion (up 8.96% YoY), while the FY2025 annual figure was $5.8 billion, up 12.3% from the prior year.
- Invested Capital came in at $5.7 billion for Q4 2025 at Full Truck Alliance, up from $5.6 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $5.7 billion in Q4 2025 to a low of $4.7 billion in Q4 2022.
- A 5-year average of $5.1 billion and a median of $5.0 billion in 2022 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital jumped 495.48% in 2021 and retreated 5.63% in 2022, its largest moves.
- Full Truck Alliance's Invested Capital stood at $5.0 billion in 2021, then decreased by 4.23% to $4.7 billion in 2022, then advanced by 4.15% to $4.9 billion in 2023, then grew by 6.08% to $5.2 billion in 2024, then grew by 8.96% to $5.7 billion in 2025.
- According to Business Quant data, Invested Capital over the past three periods registered $5.7 billion, $5.6 billion, and $5.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 53.11 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 73.58 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 24.75 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.50 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 11.73 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 6.99 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 16.81 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 6.35 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 26.79 Bn |
| 10 | Full Truck Alliance | 24.56 Bn | 23.81 Bn | - | 5.72 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.72 Bn |
| Sep 30, 2025 | 5.58 Bn |
| Jun 30, 2025 | 5.48 Bn |
| Mar 31, 2025 | 5.27 Bn |
| Dec 31, 2024 | 5.25 Bn |
| Sep 30, 2024 | 5.19 Bn |
| Jun 30, 2024 | 4.91 Bn |
| Mar 31, 2024 | 4.83 Bn |
| Dec 31, 2023 | 4.95 Bn |
| Sep 30, 2023 | 4.85 Bn |
| Jun 30, 2023 | 4.85 Bn |
| Mar 31, 2023 | 4.94 Bn |
| Dec 31, 2022 | 4.75 Bn |
| Sep 30, 2022 | 4.76 Bn |
| Jun 30, 2022 | 4.99 Bn |
| Mar 31, 2022 | 4.99 Bn |
| Dec 31, 2021 | 4.96 Bn |
| Sep 30, 2021 | 5.04 Bn |
| Jun 30, 2021 | 5.05 Bn |
| Dec 31, 2020 | -1.25 Bn |
| Dec 31, 2019 | -1.01 Bn |