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Full Truck Alliance Valuation Multiples
Discover revenue and EBITDA valuation multiples for Full Truck Alliance and similar public comparables like Zhuzhou CRRC Times, WiseTech Global, Manhattan Associates, ServiceTitan and more.
Full Truck Alliance Overview
About Full Truck Alliance
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
Founded
2017
HQ
Employees
7.2K
Website
Financials (LTM)
EV
$7B
Full Truck Alliance Financials
Full Truck Alliance reported last 12-month revenue of $2B and EBITDA of $655M.
In the same LTM period, Full Truck Alliance generated $1B in gross profit, $655M in EBITDA, and $650M in net income.
Revenue (LTM)
Full Truck Alliance P&L
In the most recent fiscal year, Full Truck Alliance reported revenue of $2B and EBITDA of $501M.
Full Truck Alliance expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $894M | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $655M | XXX | $501M | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $650M | XXX | $447M | XXX | XXX | XXX |
| Net Margin | 36% | XXX | 27% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Full Truck Alliance Stock Performance
Full Truck Alliance has current market cap of $10B, and enterprise value of $7B.
Market Cap Evolution
Full Truck Alliance's stock price is $9.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $10B | 0.0% | XXX | XXX | XXX | $0.43 |
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Start Free TrialFull Truck Alliance Valuation Multiples
Full Truck Alliance trades at 4.2x EV/Revenue multiple, and 11.5x EV/EBITDA.
EV / Revenue (LTM)
Full Truck Alliance Financial Valuation Multiples
As of March 15, 2026, Full Truck Alliance has market cap of $10B and EV of $7B.
Equity research analysts estimate Full Truck Alliance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Full Truck Alliance has a P/E ratio of 15.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 4.2x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.5x | XXX | 15.0x | XXX | XXX | XXX |
| EV/EBIT | 11.7x | XXX | 20.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.4x | XXX | 8.4x | XXX | XXX | XXX |
| P/E | 15.0x | XXX | 21.8x | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | 17.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Full Truck Alliance Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Full Truck Alliance Margins & Growth Rates
Full Truck Alliance's revenue in the last 12 month declined by (3%).
Full Truck Alliance's revenue per employee in the last FY averaged $0.3M.
Full Truck Alliance's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Full Truck Alliance's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Full Truck Alliance Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (3%) | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 29% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 8% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 7% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 33% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Full Truck Alliance Public Comps
See public comps and valuation multiples for other Transportation & Logistics Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Zhuzhou CRRC Times | XXX | XXX | XXX | XXX | XXX | XXX |
| WiseTech Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Manhattan Associates | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceTitan | XXX | XXX | XXX | XXX | XXX | XXX |
| Descartes Systems Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Full Truck Alliance M&A Activity
Full Truck Alliance acquired XXX companies to date.
Last acquisition by Full Truck Alliance was on XXXXXXXX, XXXXX. Full Truck Alliance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Full Truck Alliance
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFull Truck Alliance Investment Activity
Full Truck Alliance invested in XXX companies to date.
Full Truck Alliance made its latest investment on XXXXXXXX, XXXXX. Full Truck Alliance invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Full Truck Alliance
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Full Truck Alliance
| When was Full Truck Alliance founded? | Full Truck Alliance was founded in 2017. |
| Where is Full Truck Alliance headquartered? | Full Truck Alliance is headquartered in China. |
| How many employees does Full Truck Alliance have? | As of today, Full Truck Alliance has over 7K employees. |
| Who is the CEO of Full Truck Alliance? | Full Truck Alliance's CEO is Hui Peter Zhang. |
| Is Full Truck Alliance publicly listed? | Yes, Full Truck Alliance is a public company listed on NYSE. |
| What is the stock symbol of Full Truck Alliance? | Full Truck Alliance trades under YMM ticker. |
| When did Full Truck Alliance go public? | Full Truck Alliance went public in 2021. |
| Who are competitors of Full Truck Alliance? | Full Truck Alliance main competitors are Zhuzhou CRRC Times, WiseTech Global, Manhattan Associates, ServiceTitan. |
| What is the current market cap of Full Truck Alliance? | Full Truck Alliance's current market cap is $10B. |
| What is the current revenue of Full Truck Alliance? | Full Truck Alliance's last 12 months revenue is $2B. |
| What is the current revenue growth of Full Truck Alliance? | Full Truck Alliance revenue growth (NTM/LTM) is (3%). |
| What is the current EV/Revenue multiple of Full Truck Alliance? | Current revenue multiple of Full Truck Alliance is 4.2x. |
| Is Full Truck Alliance profitable? | Yes, Full Truck Alliance is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Full Truck Alliance? | Full Truck Alliance's last 12 months EBITDA is $655M. |
| What is Full Truck Alliance's EBITDA margin? | Full Truck Alliance's last 12 months EBITDA margin is 37%. |
| What is the current EV/EBITDA multiple of Full Truck Alliance? | Current EBITDA multiple of Full Truck Alliance is 11.5x. |
| What is the current FCF of Full Truck Alliance? | Full Truck Alliance's last 12 months FCF is $721M. |
| What is Full Truck Alliance's FCF margin? | Full Truck Alliance's last 12 months FCF margin is 40%. |
| What is the current EV/FCF multiple of Full Truck Alliance? | Current FCF multiple of Full Truck Alliance is 10.4x. |
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