ZTO Express (Cayman) (ZTO) FCF Margin (2015 - 2026)
ZTO Express (Cayman) (ZTO) posted FCF Margin of 21.0% for Q1 2026, down 27.9% sequentially from 29.13% in Q4 2025, and down 70.0% YoY from 69.99% in Q1 2025.
ZTO Express (Cayman) (ZTO) FCF Margin (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has reported FCF Margin for 12 years, with the latest figure at 21.0% in Q1 2026.
- Quarterly FCF Margin fell 70.0% year-over-year to 21.0% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.04% (down 203.0% YoY) and the FY2025 annual result came in at 24.85%, up 1080.0% from the prior year.
- FCF Margin slipped to 21.0% in Q1 2026 per ZTO's latest filing, from 29.13% in the prior quarter.
- Over five years, FCF Margin peaked at 44.36% in Q2 2022 and troughed at 0.01% in Q1 2022.
- A 5-year average of 23.89% and a median of 27.06% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 3277 bps in 2022, then jumped 3691 bps in 2023.
- Over 5 years, FCF Margin stood at 0.04% in 2022, then soared by 96639 bps to 36.94% in 2023, then sank by 41 bps to 21.72% in 2024, then soared by 34 bps to 29.13% in 2025, then slipped by 28 bps to 21.0% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 21.0%, 29.13%, and 27.06% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.95 Bn | 83.30 Bn | 19.65 Bn | 0.73% |
| 2 | Fedex | 77.94 Bn | 64.63 Bn | 18.84 Bn | 7.16% |
| 3 | Hunt J B Transport Services | 26.19 Bn | 26.18 Bn | - | 7.25% |
| 4 | Expeditors International Of Washington | 24.65 Bn | 23.62 Bn | 1.09 Bn | 4.76% |
| 5 | ZTO Express (Cayman) | 17.20 Bn | 12.79 Bn | 469.01 Mn | 20.91% |
| 6 | C. H. Robinson Worldwide | 17.13 Bn | 16.98 Bn | 1.11 Bn | 0.46% |
| 7 | Landstar System | 6.26 Bn | 5.92 Bn | 308.86 Mn | -3.72% |
| 8 | GXO Logistics | 5.27 Bn | 4.50 Bn | 508.00 Mn | 0.32% |
| 9 | Pitney Bowes | 2.19 Bn | 1.91 Bn | 296.14 Mn | 29.77% |
| 10 | Cryoport | 825.24 Mn | 428.55 Mn | 22.82 Mn | -16.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.00% |
| Dec 31, 2025 | 29.13% |
| Sep 30, 2025 | 27.06% |
| Jun 30, 2025 | 18.15% |
| Mar 31, 2025 | 21.70% |
| Dec 31, 2024 | 21.72% |
| Sep 30, 2024 | 29.15% |
| Jun 30, 2024 | 32.57% |
| Mar 31, 2024 | 20.39% |
| Dec 31, 2023 | 36.94% |
| Sep 30, 2023 | 32.37% |
| Jun 30, 2023 | 39.98% |
| Mar 31, 2023 | 0.03% |
| Dec 31, 2022 | 0.04% |
| Sep 30, 2022 | 31.56% |
| Jun 30, 2022 | 44.36% |
| Mar 31, 2022 | 0.01% |
| Dec 31, 2021 | 32.80% |
| Sep 30, 2021 | 24.18% |
| Jun 30, 2021 | 26.38% |