Full Truck Alliance (YMM) Return on Capital Employed [ROCE] (2021 - 2026)
Full Truck Alliance (YMM) recorded Return on Capital Employed [ROCE] of 10.19% in Q2 2026, up 0.27 percentage points from 9.92% a year earlier and up 0.65 percentage points from the prior quarter.
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Analysis
Full Truck Alliance (YMM) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Full Truck Alliance reported Return on Capital Employed [ROCE] of 10.32%, up 3.78 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for four straight years, with a four-year change of +25.51 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 6.54% in FY2024 (+3.71 pp), 2.83% in FY2023 (+0.39 pp), 2.44% in FY2022 (+17.62 pp) and -15.18% in FY2021.
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2021.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for 16 consecutive quarters, with an average year-over-year change of +4.01 percentage points over the last eight quarters.
- The year-over-year gain in Return on Capital Employed [ROCE] has ranged between 0.02 percentage points (Q1 2024) and 11.05 percentage points (Q3 2022) over the last five years.
- Per Business Quant, the preceding three quarters came in at 9.54% (Q1 2026), 9.98% (Q4 2025) and 9.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 21.49% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 23.74% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 30.16% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 2.77% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 14.37% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 13.97% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 121.68% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 22.53% |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 19.81% |
| 10 | Full Truck Alliance | 7.65 Bn | -3.04 Bn | - | 10.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.19% |
| Mar 31, 2026 | 9.54% |
| Dec 31, 2025 | 9.98% |
| Sep 30, 2025 | 9.82% |
| Jun 30, 2025 | 9.92% |
| Mar 31, 2025 | 0.19% |
| Dec 31, 2024 | 0.14% |
| Sep 30, 2024 | 5.20% |
| Jun 30, 2024 | 3.82% |
| Mar 31, 2024 | 0.05% |
| Dec 31, 2023 | 0.05% |
| Sep 30, 2023 | 3.52% |
| Jun 30, 2023 | 3.21% |
| Mar 31, 2023 | 0.03% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | -4.92% |
| Jun 30, 2022 | -5.86% |
| Mar 31, 2022 | -0.10% |
| Dec 31, 2021 | -0.10% |
| Sep 30, 2021 | -15.97% |
API Access
Full Truck Alliance Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=YMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "YMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=YMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();