Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2026)
Full Truck Alliance (YMM) posted Return on Capital Employed of 9.52% for Q1 2026, down 4.41% sequentially from 9.95% in Q4 2025, and up 71.0% YoY from 5.56% in Q1 2025.
Full Truck Alliance (YMM) Return on Capital Employed (2021 - 2026) Analysis & Trends
Full Truck Alliance has reported Return on Capital Employed for 6 years, with the latest figure at 9.52% in Q1 2026.
- Quarterly Return on Capital Employed rose 71.0% year-over-year to 9.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.52% (up 71.0% YoY) and the FY2025 annual result came in at 10.32%, up 378.0% from the prior year.
- Return on Capital Employed declined to 9.52% in Q1 2026 per YMM's latest filing, from 9.95% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 9.95% in Q4 2025 and troughed at 11.94% in Q1 2022.
- A 5-year average of 2.99% and a median of 3.24% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2026: Return on Capital Employed jumped 1269 bps in 2023, then jumped 71 bps in 2026.
- Over 5 years, Return on Capital Employed stood at 0.58% in 2022, then soared by 589 bps to 2.82% in 2023, then surged by 129 bps to 6.44% in 2024, then soared by 55 bps to 9.95% in 2025, then retreated by 4 bps to 9.52% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 9.52%, 9.95%, and 9.79% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 38.72% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 14.37% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 10.65% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.97% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 10.59% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -25.94% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -46.62% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 51.24% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 23.43% |
| 10 | Full Truck Alliance | 9.16 Bn | 6.51 Bn | - | 9.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.52% |
| Dec 31, 2025 | 9.95% |
| Sep 30, 2025 | 9.79% |
| Jun 30, 2025 | 9.89% |
| Mar 31, 2025 | 8.80% |
| Dec 31, 2024 | 6.44% |
| Sep 30, 2024 | 5.20% |
| 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 | -15.96% |