ZTO Express (ZTON) Ratios
ZTO Express Ratios
MX:ZTON's free cash flow for Q2 2026 was $1.90B. For the 2026 fiscal year, MX:ZTON's free cash flow was decreased by $-2.66B and operating cash flow was $4.56B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.49 | 1.07 | 1.34 | 1.49 | 1.44 |
| Quick Ratio | 1.45 | 1.07 | 1.34 | 1.49 | 1.43 |
| Cash Ratio | 0.44 | 0.48 | 0.61 | 0.71 | 0.75 |
| Solvency Ratio | 0.51 | 0.40 | 0.41 | 0.39 | 0.50 |
| Operating Cash Flow Ratio | 0.52 | 0.40 | 0.67 | 0.70 | 0.56 |
| Short-Term Operating Cash Flow Coverage | 1.09 | 0.68 | 1.72 | 2.05 | 1.99 |
| Net Current Asset Value | $ 10.08B | $ 688.22M | $ -1.23B | $ 423.91M | $ 4.82B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.13 | 0.19 | 0.17 | 0.17 | 0.07 |
| Debt-to-Equity Ratio | 0.17 | 0.28 | 0.26 | 0.24 | 0.09 |
| Debt-to-Capital Ratio | 0.15 | 0.22 | 0.21 | 0.20 | 0.08 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.11 | 0.11 | 0.00 |
| Financial Leverage Ratio | 1.37 | 1.49 | 1.48 | 1.45 | 1.29 |
| Debt Service Coverage Ratio | 1.13 | 0.71 | 1.48 | 1.64 | 1.88 |
| Interest Coverage Ratio | 38.75 | 34.85 | 34.57 | 40.61 | 43.50 |
| Debt to Market Cap | 0.10 | 0.14 | 0.12 | 0.08 | 0.02 |
| Interest Debt Per Share | 14.69 | 21.46 | 19.06 | 16.45 | 5.57 |
| Net Debt to EBITDA | 0.10 | 0.26 | 0.22 | 0.13 | -0.65 |
| Profitability Margins | |||||
| Gross Profit Margin | 24.99% | 30.98% | 30.36% | 25.55% | 21.67% |
| EBIT Margin | 23.20% | 27.13% | 28.58% | 23.96% | 19.29% |
| EBITDA Margin | 30.27% | 33.96% | 36.06% | 31.51% | 26.60% |
| Operating Profit Margin | 19.62% | 26.60% | 26.05% | 21.87% | 18.10% |
| Pretax Profit Margin | 22.69% | 26.50% | 27.83% | 23.44% | 18.77% |
| Net Profit Margin | 18.49% | 19.91% | 22.77% | 19.25% | 15.64% |
| Continuous Operations Profit Margin | 18.81% | 20.07% | 22.79% | 18.82% | 15.46% |
| Net Income Per EBT | 81.51% | 75.15% | 81.82% | 82.11% | 83.32% |
| EBT Per EBIT | 115.64% | 99.63% | 106.85% | 107.18% | 103.70% |
| Return on Assets (ROA) | 9.70% | 9.55% | 9.89% | 8.67% | 7.57% |
| Return on Equity (ROE) | 13.30% | 14.21% | 14.63% | 12.60% | 9.78% |
| Return on Capital Employed (ROCE) | 13.74% | 18.38% | 14.63% | 12.45% | 11.06% |
| Return on Invested Capital (ROIC) | 9.80% | 11.01% | 10.73% | 9.14% | 8.45% |
| Return on Tangible Assets | 10.17% | 10.76% | 11.14% | 9.90% | 8.94% |
| Earnings Yield | 7.58% | 7.50% | 7.02% | 4.54% | 3.23% |
| Efficiency Ratios | |||||
| Receivables Turnover | 19.56 | 7.07 | 8.18 | 7.72 | 6.65 |
| Payables Turnover | 13.89 | 12.41 | 10.46 | 11.96 | 12.17 |
| Inventory Turnover | 47.11 | 792.44 | 953.07 | 649.72 | 287.08 |
| Fixed Asset Turnover | 1.33 | 1.28 | 1.17 | 1.19 | 1.18 |
| Asset Turnover | 0.52 | 0.48 | 0.43 | 0.45 | 0.48 |
| Working Capital Turnover Ratio | 7.25 | 9.87 | 5.14 | 5.15 | 3.26 |
| Cash Conversion Cycle | 0.13 | 22.69 | 10.11 | 17.30 | 26.17 |
| Days of Sales Outstanding | 18.66 | 51.65 | 44.61 | 47.26 | 54.90 |
| Days of Inventory Outstanding | 7.75 | 0.46 | 0.38 | 0.56 | 1.27 |
| Days of Payables Outstanding | 26.28 | 29.42 | 34.88 | 30.53 | 30.00 |
| Operating Cycle | 26.41 | 52.11 | 44.99 | 47.82 | 56.17 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 15.00 | 13.87 | 16.19 | 14.18 | 8.81 |
| Free Cash Flow Per Share | 7.39 | 6.71 | 8.11 | 5.02 | -2.57 |
| Dividend Paid and CapEx Coverage Ratio | 1.22 | 0.99 | 1.53 | 1.31 | 0.68 |
| Capital Expenditure Coverage Ratio | 1.97 | 1.94 | 2.00 | 1.55 | 0.77 |
| Operating Cash Flow Coverage Ratio | 1.04 | 0.66 | 0.87 | 0.87 | 1.63 |
| Operating Cash Flow to Sales Ratio | 0.25 | 0.26 | 0.35 | 0.32 | 0.24 |
| Free Cash Flow Yield | 5.06% | 4.70% | 5.37% | 2.71% | -1.43% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 13.22 | 13.03 | 14.25 | 22.03 | 30.91 |
| Price-to-Sales (P/S) Ratio | 2.44 | 2.66 | 3.24 | 4.24 | 4.83 |
| Price-to-Book (P/B) Ratio | 1.75 | 1.89 | 2.08 | 2.78 | 3.02 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 19.77 | 21.27 | 18.63 | 36.89 | -69.74 |
| Price-to-Operating Cash Flow Ratio | 9.74 | 10.29 | 9.33 | 13.07 | 20.36 |
| Price-to-Earnings Growth (PEG) Ratio | 14.48 | 11.76 | 0.50 | 0.49 | 4.41 |
| Enterprise Value Multiple | 8.16 | 8.08 | 9.22 | 13.59 | 17.52 |
| Enterprise Value | 117.95B | 121.46B | 127.74B | 151.44B | 141.70B |
| EV to EBITDA | 8.16 | 8.08 | 9.22 | 13.59 | 17.52 |
| EV to Sales | 2.47 | 2.74 | 3.32 | 4.28 | 4.66 |
| EV to Free Cash Flow | 20.01 | 21.97 | 19.09 | 37.24 | -67.24 |
| EV to Operating Cash Flow | 9.85 | 10.63 | 9.56 | 13.19 | 19.63 |
| Tangible Book Value Per Share | 78.94 | 63.41 | 61.05 | 55.30 | 47.95 |
| Shareholders’ Equity Per Share | 83.28 | 75.32 | 72.47 | 66.75 | 59.32 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.17 | 0.24 | 0.18 | 0.20 | 0.18 |
| Revenue Per Share | 59.88 | 53.74 | 46.56 | 43.71 | 37.08 |
| Net Income Per Share | 11.07 | 10.70 | 10.60 | 8.41 | 5.80 |
| Tax Burden | 0.82 | 0.75 | 0.82 | 0.82 | 0.83 |
| Interest Burden | 0.98 | 0.98 | 0.97 | 0.98 | 0.97 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.30 | 1.29 | 1.53 | 1.72 | 1.54 |
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