ZTO Express (Cayman) (ZTO) Return on Invested Capital [ROIC] (2016 - 2026)
ZTO Express (Cayman) (ZTO) reported Return on Invested Capital [ROIC] of 15.02% for the quarter ended Jun 30, 2026, down 0.15 percentage points from 15.17% a year earlier but up 1.17 percentage points from the prior quarter.
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Analysis
ZTO Express (Cayman) (ZTO) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, ZTO Express (Cayman) posted Return on Invested Capital [ROIC] of 14.05%, down 2.52 percentage points from the prior year.
- Return on Invested Capital [ROIC] has a four-year change of +3.00 percentage points (years ended Dec 2021 to Dec 2025).
- By year, Return on Invested Capital [ROIC] came in at 16.57% in the year ended Dec 31, 2024 (+0.47 pp), 16.10% in the year ended Dec 31, 2023 (+1.75 pp), 14.35% in the year ended Dec 31, 2022 (+3.30 pp) and 11.05% in the year ended Dec 31, 2021.
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 10.29% in the quarter ended Sep 30, 2021 and a high of 16.53% in the quarter ended Mar 31, 2025.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last five quarters, with an average year-over-year change of -0.59 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was the quarter ended Mar 31, 2023 (a gain of 4.00 percentage points); the low point was the quarter ended Dec 31, 2025 (a drop of 2.69 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 13.85% (quarter ended Mar 31, 2026), 13.45% (quarter ended Dec 31, 2025) and 13.92% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 15.71% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 12.25% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 12.59% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 5.96% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 7.49% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 9.67% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 10.82% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 8.90% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 25.01% |
| 10 | ZTO Express (Cayman) | 16.58 Bn | 332.97 Mn | 550.21 Mn | 15.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.01% |
| Mar 31, 2026 | 13.78% |
| Dec 31, 2025 | 13.37% |
| Sep 30, 2025 | 13.87% |
| Jun 30, 2025 | 15.12% |
| Mar 31, 2025 | 16.66% |
| Dec 31, 2024 | 16.23% |
| Sep 30, 2024 | 15.44% |
| Jun 30, 2024 | 15.53% |
| Mar 31, 2024 | 15.25% |
| Dec 31, 2023 | 14.84% |
| Sep 30, 2023 | 15.22% |
| Jun 30, 2023 | 16.20% |
| Mar 31, 2023 | 15.07% |
| Dec 31, 2022 | 14.20% |
| Sep 30, 2022 | 13.91% |
| Jun 30, 2022 | 12.49% |
| Mar 31, 2022 | 11.76% |
| Dec 31, 2021 | 10.98% |
| Sep 30, 2021 | 10.29% |
API Access
ZTO Express (Cayman) Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();