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ZTO Express (Cayman) Valuation Multiples
Discover revenue and EBITDA valuation multiples for ZTO Express (Cayman) and similar public comparables like Expeditors International, Shanghai International Port Group, Bollore, NYK Line and more.
ZTO Express (Cayman) Overview
About ZTO Express (Cayman)
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.
Founded
2002
HQ
Employees
24.5K
Website
Sectors
Financials (LTM)
EV
$16B
ZTO Express (Cayman) Financials
ZTO Express (Cayman) reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, ZTO Express (Cayman) generated $2B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
ZTO Express (Cayman) P&L
In the most recent fiscal year, ZTO Express (Cayman) reported revenue of $6B and EBITDA of $2B.
ZTO Express (Cayman) expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 31% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 34% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $481M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ZTO Express (Cayman) Stock Performance
ZTO Express (Cayman) has current market cap of $18B, and enterprise value of $16B.
Market Cap Evolution
ZTO Express (Cayman)'s stock price is $23.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16B | $18B | 0.0% | XXX | XXX | XXX | $1.68 |
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Start Free TrialZTO Express (Cayman) Valuation Multiples
ZTO Express (Cayman) trades at 2.3x EV/Revenue multiple, and 7.7x EV/EBITDA.
EV / Revenue (LTM)
ZTO Express (Cayman) Financial Valuation Multiples
As of March 7, 2026, ZTO Express (Cayman) has market cap of $18B and EV of $16B.
Equity research analysts estimate ZTO Express (Cayman)'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ZTO Express (Cayman) has a P/E ratio of 13.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 7.5x | XXX | XXX | XXX |
| EV/EBIT | 10.0x | XXX | 9.6x | XXX | XXX | XXX |
| EV/Gross Profit | 8.2x | XXX | 8.2x | XXX | XXX | XXX |
| P/E | 13.4x | XXX | 14.3x | XXX | XXX | XXX |
| EV/FCF | 19.8x | XXX | 20.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ZTO Express (Cayman) 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.
ZTO Express (Cayman) Margins & Growth Rates
ZTO Express (Cayman)'s revenue in the last 12 month grew by 10%.
ZTO Express (Cayman)'s revenue per employee in the last FY averaged $0.3M.
ZTO Express (Cayman)'s rule of 40 is 40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ZTO Express (Cayman)'s rule of X is 55% (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).
ZTO Express (Cayman) Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 40% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | — | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ZTO Express (Cayman) Public Comps
See public comps and valuation multiples for other Logistics & Air Freight comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Expeditors International | XXX | XXX | XXX | XXX | XXX | XXX |
| Shanghai International Port Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bollore | XXX | XXX | XXX | XXX | XXX | XXX |
| NYK Line | XXX | XXX | XXX | XXX | XXX | XXX |
| J. B. Hunt | 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.
ZTO Express (Cayman) M&A Activity
ZTO Express (Cayman) acquired XXX companies to date.
Last acquisition by ZTO Express (Cayman) was on XXXXXXXX, XXXXX. ZTO Express (Cayman) acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ZTO Express (Cayman)
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialZTO Express (Cayman) Investment Activity
ZTO Express (Cayman) invested in XXX companies to date.
ZTO Express (Cayman) made its latest investment on XXXXXXXX, XXXXX. ZTO Express (Cayman) invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ZTO Express (Cayman)
| 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 ZTO Express (Cayman)
| When was ZTO Express (Cayman) founded? | ZTO Express (Cayman) was founded in 2002. |
| Where is ZTO Express (Cayman) headquartered? | ZTO Express (Cayman) is headquartered in China. |
| How many employees does ZTO Express (Cayman) have? | As of today, ZTO Express (Cayman) has over 24K employees. |
| Who is the CEO of ZTO Express (Cayman)? | ZTO Express (Cayman)'s CEO is Meisong Lai. |
| Is ZTO Express (Cayman) publicly listed? | Yes, ZTO Express (Cayman) is a public company listed on NYSE. |
| What is the stock symbol of ZTO Express (Cayman)? | ZTO Express (Cayman) trades under ZTO ticker. |
| When did ZTO Express (Cayman) go public? | ZTO Express (Cayman) went public in 2016. |
| Who are competitors of ZTO Express (Cayman)? | ZTO Express (Cayman) main competitors are Expeditors International, Shanghai International Port Group, Bollore, NYK Line. |
| What is the current market cap of ZTO Express (Cayman)? | ZTO Express (Cayman)'s current market cap is $18B. |
| What is the current revenue of ZTO Express (Cayman)? | ZTO Express (Cayman)'s last 12 months revenue is $7B. |
| What is the current revenue growth of ZTO Express (Cayman)? | ZTO Express (Cayman) revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of ZTO Express (Cayman)? | Current revenue multiple of ZTO Express (Cayman) is 2.3x. |
| Is ZTO Express (Cayman) profitable? | Yes, ZTO Express (Cayman) is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ZTO Express (Cayman)? | ZTO Express (Cayman)'s last 12 months EBITDA is $2B. |
| What is ZTO Express (Cayman)'s EBITDA margin? | ZTO Express (Cayman)'s last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of ZTO Express (Cayman)? | Current EBITDA multiple of ZTO Express (Cayman) is 7.7x. |
| What is the current FCF of ZTO Express (Cayman)? | ZTO Express (Cayman)'s last 12 months FCF is $826M. |
| What is ZTO Express (Cayman)'s FCF margin? | ZTO Express (Cayman)'s last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of ZTO Express (Cayman)? | Current FCF multiple of ZTO Express (Cayman) is 19.8x. |
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