YMM (Full Truck Alliance Co) EBIT: $560 Mil (TTM As of Mar. 2026)


YMM Full Truck Alliance Co Ltd YMM
77 GF Score
Price $7.54
GF Value $11.53
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Full Truck Alliance Co EBIT?

Full Truck Alliance Co YMM -3.46% 77 EBIT is $560 Mil as of Mar. 2026. GuruFocus rates YMM with a GF Score™ of 77/100 and a GF Value™ of $11.53 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Full Truck Alliance Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $146 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $560 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Full Truck Alliance Co's annualized ROC % for the quarter that ended in Mar. 2026 was 13.51%. Full Truck Alliance Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 729.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Full Truck Alliance Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.51%.

Full Truck Alliance Co  (NYSE:YMM) EBIT Explanation

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

Full Truck Alliance Co'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 )
=583.832 * ( 1 - 18.42% )/( (3638.399 + 3409.937)/ 2 )
=476.2901456/3524.168
=13.51 %

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))
=6292.882 - 224.558 - ( 2429.925 - max(0, 404.792 - 3272.912+2429.925))
=3638.399

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))
=6501.468 - 412.532 - ( 2678.999 - max(0, 499.976 - 3464.244+2678.999))
=3409.937

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

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

Full Truck Alliance Co'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 )
=583.832/( ( (72.405 + max(-350.756, 0)) + (87.592 + max(-332.612, 0)) )/ 2 )
=583.832/( ( 72.405 + 87.592 )/ 2 )
=583.832/79.9985
=729.80 %

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)
=(10.667 + 0 + 38.563) - (224.558 + 67.853 + 107.575)
=-350.756

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.94 + 0 + 149.86) - (412.532 + 0 + 83.88)
=-332.612

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:

Full Truck Alliance Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=559.581/5324.811
=10.51 %

* 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.

Full Truck Alliance Co EBIT Related Terms

Full Truck Alliance Co EBIT Historical Data

* Premium members only.

The historical data trend for Full Truck Alliance Co'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.

Full Truck Alliance Co EBIT Chart

Full Truck Alliance Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -571.54 72.88 139.69 339.94 588.68

Full Truck Alliance Co 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 165.87 158.70 108.97 145.95 145.96

YMM vs CRM, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, Full Truck Alliance Co'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.

Full Truck Alliance Co EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Full Truck Alliance Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Full Truck Alliance Co's EV-to-EBIT falls into.


YMM
77GF Score
Full Truck Alliance Co Ltd YMM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Full Truck Alliance Co 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 $560 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 $560 Mil mean?
Full Truck Alliance Co (YMM) has a EBIT of $560 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Full Truck Alliance Co.
Is Full Truck Alliance Co's EBIT too high?
Full Truck Alliance Co's current EBIT is $560 Mil. Overall, Full Truck Alliance Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Full Truck Alliance Co's EBIT compare to CRM and SHOP?
Full Truck Alliance Co's EBIT of $560 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 Full Truck Alliance Co. Full Truck Alliance Co's current EBIT is $560 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Truck Alliance Co stock overvalued right now?
Based on GuruFocus' analysis, Full Truck Alliance Co (YMM) is currently considered Significantly Undervalued. The stock's GF Value™ is $11.53, compared to a current price of $7.54 — trading 34.6% below its estimated fair value. The current EBIT is $560 Mil. Full Truck Alliance Co's overall GF Score™ is 77/100 with 2 warning signs to review. 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 Full Truck Alliance Co (YMM), the current EBIT is $560 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 Full Truck Alliance Co (YMM) Overvalued in 2026?

Based on GuruFocus' analysis, Full Truck Alliance Co stock appears to be undervalued. The current stock price of $7.54 is trading 34.6% below its estimated GF Value™ of $11.53. GuruFocus considers Full Truck Alliance Co to be Significantly Undervalued.

Key valuation signals for YMM:

  • EBIT: $560 Mil
  • GF Value™: $11.53 vs. price of $7.54 (34.6% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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

Full Truck Alliance Co Business Description

Other Exchanges YMMN:Mexico892:Germany
Address 20 Fengxin Road, Wanbo Science and Technology Park, Yuhuatai District, Nanjing, CHN, 210012
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.
77GF Score

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

$7.54
Price
$11.53
GF Value