# ZTO Express (Cayman) Inc.: overview

ZTO · NYSE · CIK 1677250 · [Industrials](/sectors/industrials.md)

Pages: [Overview](/companies/zto.md) · [Financials](/companies/zto/financials.md) · [Filings](/companies/zto/filings.md) · [Insiders](/companies/zto/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,771](/filings/0001104659-22-051510.md) | [5,129](/filings/0001104659-23-047358.md) | [5,411](/filings/0001104659-24-049017.md) | [6,066](/filings/0001410578-25-000774.md) | [7,021](/filings/0001104659-26-044613.md) |
| Gross margin | % | [21.7%](/filings/0001104659-22-051510.md) | [25.6%](/filings/0001104659-23-047358.md) | [30.4%](/filings/0001104659-24-049017.md) | [31.0%](/filings/0001410578-25-000774.md) | [25.0%](/filings/0001104659-26-044613.md) |
| Operating margin | % | [18.1%](/filings/0001104659-22-051510.md) | [21.9%](/filings/0001104659-23-047358.md) | [26.0%](/filings/0001104659-24-049017.md) | [26.6%](/filings/0001410578-25-000774.md) | [21.3%](/filings/0001104659-26-044613.md) |
| Net margin | % | [15.6%](/filings/0001104659-22-051510.md) | [19.2%](/filings/0001104659-23-047358.md) | [22.8%](/filings/0001104659-24-049017.md) | [19.9%](/filings/0001410578-25-000774.md) | [18.5%](/filings/0001104659-26-044613.md) |
| Diluted EPS | $ per share | [0.91](/filings/0001104659-22-051510.md) | [1.21](/filings/0001104659-23-047358.md) | [1.49](/filings/0001104659-24-049017.md) | [1.47](/filings/0001410578-25-000774.md) | [1.60](/filings/0001104659-26-044613.md) |
| Free cash flow | $m | [(179)](/filings/0001104659-22-051510.md) | [640](/filings/0001104659-23-047358.md) | [962](/filings/0001104659-24-049017.md) | [852](/filings/0001410578-25-000774.md) | [966](/filings/0001104659-26-044613.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/zto/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [PZENA INVESTMENT MANAGEMENT LLC](/funds/1027796.md) | 2026-06-30 | $163.9m | 7,322,331 |  | Reduced −138,600 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $118.3m | 5,285,030 |  | Reduced −223,786 |
| [SERENITY CAPITAL MANAGEMENT PTE. LTD.](/funds/1934957.md) | 2026-06-30 | $113.2m | 5,056,987 |  | Unchanged |
| [Temasek Holdings (Private) Ltd](/funds/1021944.md) | 2026-06-30 | $92.8m | 4,147,325 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $92.4m | 4,130,197 |  | Added +420,120 |
| [Fisher Asset Management, LLC](/funds/850529.md) | 2026-06-30 | $78.3m | 3,499,424 |  | Reduced −125,928 |
| [PLATINUM INVESTMENT MANAGEMENT LTD](/funds/1256071.md) | 2026-06-30 | $44.6m | 1,994,127 |  | Unchanged |
| [MACKENZIE FINANCIAL CORP](/funds/919859.md) | 2026-06-30 | $42.9m | 1,914,997 |  | Added +624,674 |
| [TODD ASSET MANAGEMENT LLC](/funds/1071483.md) | 2026-06-30 | $42.3m | 1,891,052 |  | Added +178,235 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $39.0m | 1,742,654 |  | Reduced −577,773 |

## Recent filings

[All 380 filings](/companies/zto/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-20 | 06:05 ET | [6-K](/filings/0001104659-26-117040.md) | Report of a foreign private issuer, period 2026-10-20 | 0001104659-26-117040 |
| 2026-10-16 | 06:09 ET | [6-K](/filings/0001104659-26-116379.md) | Report of a foreign private issuer, period 2026-10-16 | 0001104659-26-116379 |
| 2026-10-13 | 07:23 ET | [6-K](/filings/0001104659-26-115248.md) | Report of a foreign private issuer, period 2026-10-13 | 0001104659-26-115248 |
| 2026-10-05 | 06:21 ET | [6-K](/filings/0001104659-26-113482.md) | Report of a foreign private issuer, period 2026-10-05 | 0001104659-26-113482 |
| 2026-09-28 | 06:37 ET | [6-K](/filings/0001104659-26-111134.md) | Report of a foreign private issuer, period 2026-09-28 | 0001104659-26-111134 |
| 2026-09-22 | 07:41 ET | [SCHEDULE 13D/A](/filings/0001104659-26-109479.md) | Ownership report, active investor, amended | 0001104659-26-109479 |
| 2026-09-21 | 07:20 ET | [6-K](/filings/0001104659-26-109097.md) | Report of a foreign private issuer, period 2026-09-21 | 0001104659-26-109097 |
| 2026-09-14 | 06:38 ET | [6-K](/filings/0001104659-26-107237.md) | Report of a foreign private issuer, period 2026-09-14 | 0001104659-26-107237 |
| 2026-09-11 | 06:05 ET | [6-K](/filings/0001104659-26-106860.md) | Report of a foreign private issuer, period 2026-09-11 | 0001104659-26-106860 |
| 2026-09-08 | 07:33 ET | [6-K](/filings/0001104659-26-105669.md) | Report of a foreign private issuer, period 2026-09-08 | 0001104659-26-105669 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-044613.md), filed Apr 17, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1677250
- Tickers: ZTO, ZTOEF
- Exchange: NYSE
- SIC code: 4210 Trucking & Courier Services (No Air)
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 06:15 ET. No prices; not investment advice.
