ZTO Express (Cayman) (ZTO) FCF Margin (2015 - 2026)
ZTO Express (Cayman) (ZTO) recorded FCF Margin of 31.25% in the quarter ended Jun 30, 2026, up 13.10 percentage points from 18.15% a year earlier and up 10.34 percentage points from the prior quarter.
ZTO Express (Cayman) (ZTO) FCF Margin (2015 - 2026) Analysis & Trends
On a TTM basis, ZTO Express (Cayman)'s FCF Margin came in at 27.21% as of Jun 30, 2026, up 4.67 percentage points year-over-year; for the year ended Dec 31, 2025, it was 34.06%, down 3.52 percentage points from the prior year.
- Annual FCF Margin has declined for four straight years, with a five-year change of -11.68 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, FCF Margin came in at 37.57% in the year ended Dec 31, 2024 (-14.20 pp), 51.77% in the year ended Dec 31, 2023 (-0.66 pp), 52.43% in the year ended Dec 31, 2022 (-0.22 pp) and 52.65% in the year ended Dec 31, 2021 (+6.92 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly FCF Margin since the quarter ended Jun 30, 2024.
- On a year-over-year basis, FCF Margin rose in three of the last eight quarters, with an average year-over-year change of -1.80 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 18.00 percentage points in the quarter ended Jun 30, 2022, against a drop of 15.22 percentage points in the quarter ended Dec 31, 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.91% (quarter ended Mar 31, 2026), 29.13% (quarter ended Dec 31, 2025) and 26.92% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 32.09% |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 19.09% |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 23.25% |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 0.73% |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 17.75% |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 7.16% |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 12.05% |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 12.59% |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 10.83% |
| 10 | ZTO Express (Cayman) | 15.37 Bn | -767.84 Mn | 550.21 Mn | 31.25% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.25% |
| Mar 31, 2026 | 20.91% |
| Dec 31, 2025 | 29.13% |
| Sep 30, 2025 | 26.92% |
| Jun 30, 2025 | 18.15% |
| Mar 31, 2025 | 21.66% |
| Dec 31, 2024 | 21.72% |
| Sep 30, 2024 | 29.15% |
| Jun 30, 2024 | 32.45% |
| Mar 31, 2024 | 20.59% |
| Dec 31, 2023 | 36.94% |
| Sep 30, 2023 | 32.65% |
| Jun 30, 2023 | 38.62% |
| Mar 31, 2023 | 30.48% |
| Dec 31, 2022 | 38.19% |
| Sep 30, 2022 | 32.83% |
| Jun 30, 2022 | 44.36% |
| Mar 31, 2022 | 13.99% |
| Dec 31, 2021 | 32.80% |
| Sep 30, 2021 | 24.18% |
ZTO Express (Cayman) FCF Margin 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=fcf-margin&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ZTO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();