Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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) Gross Margin (2016 - 2025)

ZTO Express (Cayman)'s Gross Margin history spans 11 years, with the latest figure at 25.37% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 373.0% to 25.37% in Q4 2025 year-over-year; TTM through Dec 2025 was 25.0%, a 598.0% decrease, with the full-year FY2025 number at 24.99%, down 598.0% from a year prior.
  • Gross Margin hit 25.37% in Q4 2025 for ZTO Express (Cayman), up from 24.91% in the prior quarter.
  • Over the last five years, Gross Margin for ZTO hit a ceiling of 33.93% in Q2 2023 and a floor of 17.12% in Q1 2021.
  • Historically, Gross Margin has averaged 26.62% across 5 years, with a median of 26.39% in 2022.
  • Biggest five-year swings in Gross Margin: surged 848bps in 2023 and later crashed -887bps in 2025.
  • Tracing ZTO's Gross Margin over 5 years: stood at 24.42% in 2021, then grew by 15bps to 28.09% in 2022, then increased by 5bps to 29.46% in 2023, then decreased by -1bps to 29.1% in 2024, then decreased by -13bps to 25.37% in 2025.
  • Business Quant data shows Gross Margin for ZTO at 25.37% in Q4 2025, 24.91% in Q3 2025, and 24.89% in Q2 2025.