ZTO Express/$ZTO
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About ZTO Express
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
Ticker
$ZTO
Sector
Mobility
Primary listing
NYSE
Employees
23,913
Headquarters
Website
ZTO Express Metrics
BasicAdvanced
$15B
16.87
$1.13
-0.17
$0.63
3.03%
Price and volume
Market cap
$15B
Beta
-0.17
52-week high
$22.01
52-week low
$16.34
Average daily volume
1.4M
Dividend rate
$0.63
Financial strength
Current ratio
1.213
Quick ratio
0.984
Long term debt to equity
0.774
Total debt to equity
29.101
Dividend payout ratio (TTM)
46.62%
Interest coverage (TTM)
36.70%
Profitability
EBITDA (TTM)
2,021.389
Gross margin (TTM)
27.48%
Net profit margin (TTM)
18.81%
Operating margin (TTM)
24.18%
Effective tax rate (TTM)
23.56%
Revenue per employee (TTM)
$272,470
Management effectiveness
Return on assets (TTM)
7.54%
Return on equity (TTM)
14.03%
Valuation
Price to earnings (TTM)
16.873
Price to revenue (TTM)
2.358
Price to book
0.24
Price to tangible book (TTM)
0.28
Price to free cash flow (TTM)
24.578
Free cash flow yield (TTM)
4.07%
Free cash flow per share (TTM)
0.779
Dividend yield (TTM)
3.29%
Forward dividend yield
3.03%
Growth
Revenue change (TTM)
14.70%
Earnings per share change (TTM)
-22.38%
3-year revenue growth (CAGR)
11.77%
3-year earnings per share growth (CAGR)
5.13%
What the Analysts think about ZTO Express
Analyst ratings (Buy, Hold, Sell) for ZTO Express stock.
Bulls say / Bears say
Q4 2024 revenue jumped 21.7% YoY to RMB12.92 billion ($1.77 billion) with parcel volume up 11%, indicating strong pricing power and healthy demand.
In Q1 2025, parcel volume increased 19.1% YoY to 8.5 billion parcels, reaffirming ZTO’s market leadership and sustained e-commerce strength.
The adoption of a semi-annual dividend policy with a minimum 40% payout boosts ZTO’s investment appeal as the industry stabilizes.
Q1 2025 average selling price per parcel dropped 7.8% YoY because of higher volume incentives, putting pressure on unit economics and margins.
Q1 2025 gross profit fell 10.4% YoY to RMB2.69 billion, highlighting greater cost pressures and shrinking gross margins.
ZTO’s 2024 parcel volume growth of 12.6% lagged behind rivals—STO (29.8%), J&T (29.1%), and Yunda (26.1%)—showing growing competition for market share.
Data summarised monthly by Lightyear AI. Last updated on 7 Nov 2025.
ZTO Express Financial Performance
Revenues and expenses
ZTO Express Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for ZTO Express stock?
ZTO Express (ZTO) has a market cap of $15B as of November 13, 2025.
What is the P/E ratio for ZTO Express stock?
The price to earnings (P/E) ratio for ZTO Express (ZTO) stock is 16.87 as of November 13, 2025.
Does ZTO Express stock pay dividends?
Yes, the ZTO Express (ZTO) stock pays dividends to shareholders. As of November 13, 2025, the dividend rate is $0.63 and the yield is 3.03%. ZTO Express has a payout ratio of 46.62% on a trailing twelve-month basis.
When is the next ZTO Express dividend payment date?
The next ZTO Express (ZTO) dividend payment date is unconfirmed.
What is the beta indicator for ZTO Express?
ZTO Express (ZTO) has a beta rating of -0.17. This means that it has an inverse relation to market volatility.