Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2026)
Full Truck Alliance (YMM) reported Return on Capital Employed of 9.52% for Q1 2026, up 75.0% on a YoY basis from 5.44% in Q1 2025, and down 4.41% sequentially from 9.95% in Q4 2025.
Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2026) Analysis & Trends
Full Truck Alliance (YMM) has 6 years of Return on Capital Employed data on file, last reported at 9.52% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 75.0% year-over-year to 9.52%; the trailing twelve-month figure through Mar 2026 stood at 9.52% (up 75.0% YoY), and the FY2025 full-year result was 10.32%, up 378.0% from the prior year.
- Return on Capital Employed declined to 9.52% in Q1 2026, from 9.95% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 9.95% in Q4 2025 to a low of 11.94% in Q1 2022.
- A 5-year average of 2.98% and a median of 3.24% in 2024 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed surged 1269 bps in 2023 and jumped 75 bps in 2026, its largest moves.
- Tracing YMM's Return on Capital Employed over 5 years: stood at 0.58% in 2022, then soared by 589 bps to 2.82% in 2023, then jumped by 127 bps to 6.4% in 2024, then surged by 56 bps to 9.95% in 2025, then dropped by 4 bps to 9.52% in 2026.
- Business Quant data shows YMM's Return on Capital Employed at 9.52% in Q1 2026, 9.95% in Q4 2025, and 9.79% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 9.52% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.40% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 12.81% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 10.65% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 10.59% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -7.29% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -25.94% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 17.43% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | -0.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.52% |
| Dec 31, 2025 | 9.95% |
| Sep 30, 2025 | 9.79% |
| Jun 30, 2025 | 9.85% |
| Mar 31, 2025 | 8.76% |
| Dec 31, 2024 | 6.40% |
| Sep 30, 2024 | 5.16% |
| Jun 30, 2024 | 3.81% |
| Mar 31, 2024 | 3.24% |
| Dec 31, 2023 | 2.82% |
| Sep 30, 2023 | 2.11% |
| Jun 30, 2023 | 1.82% |
| Mar 31, 2023 | 0.75% |
| Dec 31, 2022 | -0.58% |
| Sep 30, 2022 | -4.92% |
| Jun 30, 2022 | -5.86% |
| Mar 31, 2022 | -11.94% |
| Dec 31, 2021 | -11.90% |
| Sep 30, 2021 | -15.97% |