Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2026)
Full Truck Alliance's (YMM) quarterly Return on Capital Employed came in at 9.54% in Q1 2026, up 74.0% year-on-year from 5.48% in Q1 2025, and down 4.4% quarter-over-quarter from 9.98% in Q4 2025.
Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2026) Analysis & Trends
Full Truck Alliance has disclosed Return on Capital Employed across 6 years of filings, most recently posting 9.54% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 9.54%, up 74.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.54% (up 74.0% YoY), and the FY2025 annual result was 10.61%, up 396.0% from the prior year.
- Return on Capital Employed came in at 9.54% for Q1 2026 at Full Truck Alliance, down from 9.98% 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 11.94% in Q1 2022.
- The 5-year median for Return on Capital Employed is 3.24% (2024), against an average of 3.0%.
- Across the five-year window, Return on Capital Employed surged 1269 bps in 2023 and surged 74 bps in 2026, its largest moves.
- Full Truck Alliance's Return on Capital Employed stood at 0.58% in 2022, then jumped by 589 bps to 2.82% in 2023, then soared by 128 bps to 6.43% in 2024, then surged by 55 bps to 9.98% in 2025, then dropped by 4 bps to 9.54% in 2026.
- The last three Return on Capital Employed figures came in at 9.54% (Q1 2026), 9.98% (Q4 2025), and 9.82% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 9.54% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 12.81% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.40% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 10.65% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 17.43% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.32% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -20.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 51.24% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -25.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.54% |
| 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 | 0.75% |
| 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 | -15.96% |