ZTO · XBRL financial data

ZTO Express (Cayman) financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ZTO's year ends in late December)

In millions of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cost of revenue	19,377	23,816	26,338	26,756	30,564	36,827
Gross profit	5,837	6,589	9,039	11,663	13,717	12,271
Selling, general and administrative	1,664	1,876	2,077	2,425	2,690	2,638
Total operating expenses	1,083	1,086	1,303	1,655	1,940	1,797
Operating income (loss)	4,754	5,503	7,736	10,008	11,777	10,475
Interest income	330	213	209	400	657	529
Interest expense	35	127	191	290	338	249
Income tax expense (benefit)	690	1,005	1,633	1,939	2,845	1,905
Net income (loss)	4,312	4,755	6,809	8,749	8,817	9,081
Earnings per share, basic CNY per share	5.42	5.80	8.41	10.83	10.95	11.38
Earnings per share, diluted CNY per share	5.42	5.80	8.36	10.60	10.70	11.19
Weighted average shares, basic millions of shares	796	820	809	808	805	798
Weighted average shares, diluted millions of shares	796	820	820	839	838	821

Fiscal years (ZTO's year ends in late December)

In millions of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	14,213	9,721	11,693	12,334	13,465	10,012
Short-term investments	3,690	2,845	5,753	7,455	8,848	15,621
Accounts receivable	746	933	819	573	1,504	1,287
Inventory	53	83	41	28	39	41
Prepaid and other current assets	2,335	3,142	3,146	3,772	4,330	5,103
Total current assets	22,325	18,666	24,475	26,954	30,354	33,965
Property and equipment, net	18,565	24,930	28,813	32,181	33,915	35,434
Right-of-use asset	876	897	809	672	566	398
Goodwill	4,242	4,242	4,242	4,242	4,242	4,157
Total assets	59,205	62,772	78,524	88,465	92,340	91,024
Accrued liabilities	223	200	345	—	—	—
Total current liabilities	9,348	12,996	16,405	20,061	28,273	22,869
Lease liability, non-current	502	556	510	456	378	261
Total liabilities	10,105	13,845	24,051	28,185	29,665	23,888
Retained earnings	21,039	22,717	29,459	36,301	39,099	42,919
Total stockholders' equity	48,979	48,637	54,029	59,802	62,062	66,384
Total liabilities and equity	59,205	62,772	78,524	88,465	92,340	91,024
Common shares outstanding (cover page) millions of shares	829	808	809	805	799	791

Fiscal years (ZTO's year ends in late December)

In millions of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	4,312	4,755	6,809	8,749	8,817	9,081
Stock-based compensation	264	248	179	255	319	229
Depreciation and amortization	1,840	2,222	2,671	2,875	3,023	3,379
Net cash from operating activities	4,951	7,220	11,479	13,361	11,429	11,968
Purchases of property and equipment	7,237	8,360	7,068	6,529	5,208	5,214
Net cash from investing activities	(3,549)	(8,757)	(16,042)	(12,253)	(5,981)	(4,827)
Proceeds from issuing common stock	9,772	—	—	—	—	—
Share repurchases	1,228	3,811	85	1,006	1,157	1,253
Dividends paid	1,649	1,354	1,323	2,073	5,605	3,755
Proceeds from long-term debt millions of USD	—	—	—	—	—	31
Net cash from financing activities	8,337	(2,904)	7,058	(770)	(4,995)	(10,567)
Net change in cash	9,083	(4,591)	2,834	448	480	(3,484)

SIC 4210 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4210 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
ZTO Express (Cayman)	10,012	not reported	year only	790.8M	—	Q4 FY25 20-FDec 31, 2025
Elite Express Holding	3	0.8	(0.4)*	48.7M	1.9 quarters	Q3 FY26 10-QAug 31, 2026
BingEx	561	year only	year only	219.4M	—	Q4 FY25 20-FDec 31, 2025
Haoxin Holdings	1.4	year only	year only	not reported	—	Q4 FY25 20-FDec 31, 2025
Shengfeng Development	35	year only	year only	not reported	—	Q4 FY25 20-FDec 31, 2025
TFI International	210	year only	year only	84.4M	—	Q4 FY25 40-FDec 31, 2025
Toppoint Holdings	4.7	4.6	(0.1)*	24.7M	36.8 quarters	Q2 FY26 10-QJun 30, 2026
Tracx Logis	not reported	not reported	not reported	not reported	—	—
United Parcel Service	4,653	22,834	859*	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.