Zkh (ZKH) Return on Invested Capital (2023 - 2026)
Zkh's (ZKH) quarterly Return on Invested Capital came in at 1.44% in Q1 2026, down 29.0% YoY from 2.02% in Q1 2025, and up 4.24% on a QoQ basis from 1.5% in Q4 2025.
Analysis
Zkh (ZKH) Return on Invested Capital (2023 - 2026) Analysis & Trends
Zkh (ZKH) has 4 years of Return on Invested Capital data on file, last reported at 1.44% in Q1 2026.
- Quarterly Return on Invested Capital fell 29.0% year-over-year to 1.44% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.44% (down 29.0% YoY) and the FY2025 annual result came in at 7.89%, down 49.0% from the prior year.
- Return on Invested Capital improved to 1.44% in Q1 2026, from 1.5% in the prior quarter.
- In the past five years, Return on Invested Capital ranged from a high of 0.01% in Q3 2024 to a low of 1.5% in Q4 2025.
- A 4-year average of 0.58% and a median of 0.01% in 2024 frame the typical range for Return on Invested Capital.
- Annual changes were most pronounced in 2024 — Return on Invested Capital changed 0 bps — and 2025, when it plunged 149 bps.
- Tracing ZKH's Return on Invested Capital over 4 years: stood at 0.01% in 2023, then decreased by 18 bps to 0.01% in 2024, then plunged by 12911 bps to 1.5% in 2025, then climbed by 4 bps to 1.44% in 2026.
- The last three Return on Invested Capital figures came in at 1.44% (Q1 2026), 1.5% (Q4 2025), and 1.14% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | - |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 0.20% |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 0.00% |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | - |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | - |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 0.00% |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 0.00% |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | 0.00% |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | - |
| 10 | Zkh | 557.23 Mn | 317.17 Mn | 63.09 Mn | -1.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.07% |
| Mar 31, 2026 | -0.18% |
| Dec 31, 2025 | -0.29% |
| Sep 30, 2025 | -0.39% |
| Jun 30, 2025 | -0.88% |
| Mar 31, 2025 | -1.83% |
| Dec 31, 2024 | -0.01% |
| Sep 30, 2024 | -0.01% |
| Jun 30, 2024 | -0.01% |
| Mar 31, 2024 | -0.01% |
| Dec 31, 2023 | -0.01% |
| Sep 30, 2023 | -0.02% |