ZTO Express (Cayman) (LTS:0A33) EBIT: $1,616 Mil (TTM As of Mar. 2026)


LTS:0A33 ZTO Express (Cayman) Inc LTS:0A33
98 GF Score
Price $21.98
GF Value $28.18
Valuation Modestly Undervalued
View Full Analysis

What is ZTO Express (Cayman) EBIT?

ZTO Express (Cayman) LTS:0A33 +1.38% 98 EBIT is $1,616 Mil as of Mar. 2026. GuruFocus rates LTS:0A33 with a GF Score™ of 98/100 and a GF Value™ of $28.18 (Modestly Undervalued).

ZTO Express (Cayman)'s earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $397 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,616 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ZTO Express (Cayman)'s annualized ROC % for the quarter that ended in Mar. 2026 was 10.74%. ZTO Express (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ZTO Express (Cayman)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.37%.


ZTO Express (Cayman)  (LTS:0A33) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ZTO Express (Cayman)'s annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1447.376 * ( 1 - 20.55% )/( (10142.839 + 11278.006)/ 2 )
=1149.940232/10710.4225
=10.74 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12923.671 - 1205.474 - ( 3639.315 - max(0, 3246.981 - 4822.339+3639.315))
=10142.839

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14187.056 - 708.86 - ( 4423.37 - max(0, 3437.174 - 5637.364+4423.37))
=11278.006

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

ZTO Express (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1588.952/( ( (5087.402 + max(-1132.001, 0)) + (5305.34 + max(-670.265, 0)) )/ 2 )
=1588.952/( ( 5087.402 + 5305.34 )/ 2 )
=1588.952/5196.371
=30.58 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.617 + 5.771 + 258.266) - (1205.474 + 260.27 + 208.911)
=-1132.001

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(260.775 + 5.665 + 874.018) - (708.86 + 249.175 + 852.688)
=-670.265

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

ZTO Express (Cayman)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1616.126/15586.520
=10.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ZTO Express (Cayman) EBIT Related Terms


ZTO Express (Cayman) EBIT Historical Data

* Premium members only.

The historical data trend for ZTO Express (Cayman)'s EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ZTO Express (Cayman) EBIT Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 920.93 1,215.91 1,537.53 1,650.04 1,604.69

ZTO Express (Cayman) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 363.69 363.69 384.28 470.91 397.24

LTS:0A33 vs EXPD, CHRW, FDXFw: EBIT Comparison

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ZTO Express (Cayman) EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s EV-to-EBIT falls into.


LTS:0A33
98GF Score
ZTO Express (Cayman) Inc LTS:0A33
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZTO Express (Cayman) EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,616 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $1,616 Mil mean?
ZTO Express (Cayman) (LTS:0A33) has a EBIT of $1,616 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ZTO Express (Cayman).
Is ZTO Express (Cayman)'s EBIT too high?
ZTO Express (Cayman)'s current EBIT is $1,616 Mil. Overall, ZTO Express (Cayman) has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s EBIT compare to EXPD and CHRW?
ZTO Express (Cayman)'s EBIT of $1,616 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ZTO Express (Cayman). ZTO Express (Cayman)'s current EBIT is $1,616 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (LTS:0A33) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.18, compared to a current price of $21.98 — trading 22% below its estimated fair value. The current EBIT is $1,616 Mil. ZTO Express (Cayman)'s overall GF Score™ is 98/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For ZTO Express (Cayman) (LTS:0A33), the current EBIT is $1,616 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ZTO Express (Cayman) (LTS:0A33) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of $21.98 is trading 22% below its estimated GF Value™ of $28.18. GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.

Key valuation signals for LTS:0A33:

  • EBIT: $1,616 Mil
  • GF Value™: $28.18 vs. price of $21.98 (22% below fair value)
  • GF Score™: 98/100

No single metric tells the full story. See the LTS:0A33 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZTO Express (Cayman) Business Description

Address No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
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.
98GF Score

Get the complete analysis for LTS:0A33

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.98
Price
$28.18
GF Value