Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2025)
Full Truck Alliance recorded quarterly Return on Capital Employed of 9.98% in Q4 2025, up 1.63% quarter-over-quarter from 9.82% in Q3 2025, and up 355.0% year-over-year from 2.19% in Q4 2024.
Full Truck Alliance's Return on Capital Employed history runs 5 years deep, the most recent figure standing at 9.98% for Q4 2025.
- In Q4 2025, Return on Capital Employed rose 355.0% year-over-year to 9.98%; the TTM figure through Dec 2025 stood at 9.98% (up 355.0% YoY), while the FY2025 annual figure was 10.61%, up 407.0% from the prior year.
- Return on Capital Employed came in at 9.98% for Q4 2025 at Full Truck Alliance, up from 9.82% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 9.98% in Q4 2025 to a low of 15.96% in Q3 2021.
- A 5-year average of 0.75% and a median of 2.47% in 2023 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed jumped 1268 bps in 2023 and jumped 198 bps in 2024, its largest moves.
- Full Truck Alliance's Return on Capital Employed stood at 11.9% in 2021, then soared by 95 bps to 0.58% in 2022, then soared by 587 bps to 2.82% in 2023, then jumped by 128 bps to 6.43% in 2024, then soared by 55 bps to 9.98% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 9.98%, 9.82%, and 9.92% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 40.19% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 12.51% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 12.81% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.40% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.32% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 17.43% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 49.21% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -20.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 23.43% |
| 10 | Full Truck Alliance | 24.56 Bn | 23.81 Bn | - | 9.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 9.98% |
| Sep 30, 2025 | 9.82% |
| Jun 30, 2025 | 9.92% |
| Mar 31, 2025 | 8.80% |
| Dec 31, 2024 | 6.43% |
| Sep 30, 2024 | 5.20% |
| Jun 30, 2024 | 3.80% |
| Mar 31, 2024 | 3.24% |
| Dec 31, 2023 | 2.82% |
| Sep 30, 2023 | 2.11% |
| Jun 30, 2023 | 1.82% |
| Mar 31, 2023 | 0.74% |
| 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 | -15.96% |