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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) Net Margin (2016 - 2025)

ZTO Express (Cayman)'s Net Margin history spans 11 years, with the latest figure at 18.09% for Q4 2025.

  • On a quarterly basis, Net Margin fell 35.0% to 18.09% in Q4 2025 year-over-year; TTM through Dec 2025 was 18.5%, a 143.0% decrease, with the full-year FY2025 number at 18.49%, down 142.0% from a year prior.
  • Net Margin hit 18.09% in Q4 2025 for ZTO Express (Cayman), down from 21.27% in the prior quarter.
  • Over the last five years, Net Margin for ZTO hit a ceiling of 26.09% in Q2 2023 and a floor of 8.24% in Q1 2021.
  • Historically, Net Margin has averaged 19.07% across 5 years, with a median of 18.86% in 2023.
  • Biggest five-year swings in Net Margin: skyrocketed 1579bps in 2021 and later plummeted -797bps in 2025.
  • Tracing ZTO's Net Margin over 5 years: stood at 19.12% in 2021, then increased by 15bps to 21.91% in 2022, then fell by -6bps to 20.64% in 2023, then decreased by -11bps to 18.44% in 2024, then decreased by -2bps to 18.09% in 2025.
  • Business Quant data shows Net Margin for ZTO at 18.09% in Q4 2025, 21.27% in Q3 2025, and 16.38% in Q2 2025.