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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on Invested CapitalReturn on SalesTimes Interest Earned

ZTO Express (Cayman) (ZTO) FCF Margin (2016 - 2025)

ZTO Express (Cayman)'s FCF Margin history spans 11 years, with the latest figure at 29.13% for Q4 2025.

  • On a quarterly basis, FCF Margin rose 740.0% to 29.13% in Q4 2025 year-over-year; TTM through Dec 2025 was 24.34%, a 135.0% decrease, with the full-year FY2025 number at 13.39%, down 89.0% from a year prior.
  • FCF Margin hit 29.13% in Q4 2025 for ZTO Express (Cayman), up from 26.92% in the prior quarter.
  • Over the last five years, FCF Margin for ZTO hit a ceiling of 44.36% in Q2 2022 and a floor of 0.01% in Q1 2022.
  • Historically, FCF Margin has averaged 23.95% across 5 years, with a median of 27.73% in 2025.
  • The widest YoY moves for FCF Margin: up 4434bps in 2022, down -3277bps in 2022.
  • Tracing ZTO's FCF Margin over 5 years: stood at 32.8% in 2021, then plummeted by -100bps to 0.04% in 2022, then surged by 96639bps to 36.94% in 2023, then tumbled by -41bps to 21.72% in 2024, then surged by 34bps to 29.13% in 2025.
  • Business Quant data shows FCF Margin for ZTO at 29.13% in Q4 2025, 26.92% in Q3 2025, and 18.15% in Q2 2025.