ZTO Express (Cayman) (MEX:ZTO N) EBITDA Margin %: 20.61% (As of Mar. 2026) — 37% Below Median


MEX:ZTO N ZTO Express (Cayman) Inc MEX:ZTO N
84 GF Score
Price MXN426.00
GF Value MXN548.91
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What is ZTO Express (Cayman) EBITDA Margin %?

ZTO Express (Cayman) MEX:ZTO N 84 EBITDA Margin % is 20.61% as of Mar. 2026, which is 37% below its 10-year median of 32.97. GuruFocus rates MEX:ZTO N with a GF Score™ of 84/100 and a GF Value™ of MXN548.91. Among 1,007 Transportation companies, ZTO Express (Cayman) ranks better than 67.43% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. ZTO Express (Cayman)'s EBITDA for the three months ended in Mar. 2026 was MXN7,163 Mil. ZTO Express (Cayman)'s Revenue for the three months ended in Mar. 2026 was MXN34,752 Mil. Therefore, ZTO Express (Cayman)'s EBITDA margin for the quarter that ended in Mar. 2026 was 20.61%.


ZTO Express (Cayman)  (MEX:ZTO N) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


ZTO Express (Cayman) EBITDA Margin % Related Terms


ZTO Express (Cayman) EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for ZTO Express (Cayman)'s EBITDA Margin % 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) EBITDA Margin % Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.60 31.51 36.06 33.96 29.90

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
EBITDA Margin % 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 24.21 22.07 23.07 22.86 20.61

MEX:ZTO N vs EXPD, CHRW, FDXFw: EBITDA Margin % Comparison

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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) EBITDA Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s EBITDA Margin % falls into.


MEX:ZTO N
84GF Score
ZTO Express (Cayman) Inc MEX:ZTO N
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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ZTO Express (Cayman) EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

ZTO Express (Cayman)'s EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=37532.993/125519.064
=29.90 %

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

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=7163.266/34752.381
=20.61 %

* 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 EBITDA Margin % →
What does a EBITDA Margin % of 20.61% mean?
ZTO Express (Cayman) (MEX:ZTO N) has a EBITDA Margin % of 20.61% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on ZTO Express (Cayman) and its competitors. This is 37% below median its historical median of 32.97. Over the past decade, ZTO Express (Cayman)'s EBITDA Margin % has ranged from 22.14 to 36.28. According to the industry distribution chart, ZTO Express (Cayman) ranks #328 out of 1007 companies in the Transportation industry, placing it in the top 32.6%.
Is ZTO Express (Cayman)'s EBITDA Margin % too high?
ZTO Express (Cayman)'s current EBITDA Margin % of 20.61% is 37% below median its 10-year median of 32.97. Over the past 10 years, this metric has ranged from a low of 22.14 to a high of 36.28. The Transportation industry median EBITDA Margin % is 13.68. ZTO Express (Cayman)'s value of 20.61% is 50.7% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #328 out of 1007 companies in the Transportation industry, which is above the industry midpoint. Overall, ZTO Express (Cayman) has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s EBITDA Margin % compare to EXPD and CHRW?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #328 out of 1007 companies for EBITDA Margin %. This puts ZTO Express (Cayman) in the upper half of its industry. The industry median EBITDA Margin % is 13.68. ZTO Express (Cayman)'s value of 20.61% is 50.7% above this benchmark. Historically, ZTO Express (Cayman)'s own EBITDA Margin % has ranged from 22.14 to 36.28 over the past decade. While the company's 10-year median is 32.97 vs. the industry median of 13.68, ZTO Express (Cayman) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Transportation company?
The median EBITDA Margin % among Transportation companies is 13.68, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current EBITDA Margin % of 20.61% is 50.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on ZTO Express (Cayman) and its competitors. For the Transportation industry, the median EBITDA Margin % is 13.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current EBITDA Margin % is 20.61%, which is 37% below median its own 10-year median of 32.97. 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?
ZTO Express (Cayman) (MEX:ZTO N) has a current EBITDA Margin % of 20.61%. The stock's GF Value™ is MXN548.91, compared to a current price of MXN426.00 — trading 22.4% below its estimated fair value. The current EBITDA Margin % is 20.61%, which is 37% below median its 10-year median of 32.97 and 50.7% above the Transportation industry median of 13.68. ZTO Express (Cayman)'s overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For ZTO Express (Cayman) (MEX:ZTO N), the current EBITDA Margin % is 20.61% 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) (MEX:ZTO N) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of MXN426.00 is trading 22.4% below its estimated GF Value™ of MXN548.91.

Key valuation signals for MEX:ZTO N:

  • EBITDA Margin %: 20.61% (37% below median its 10-year median of 32.97)
  • GF Value™: MXN548.91 vs. price of MXN426.00 (22.4% below fair value)
  • GF Score™: 84/100
  • Industry Position: 50.7% above the Transportation median (#328 of 1007)

No single metric tells the full story. See the MEX:ZTO N 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.
84GF Score

Get the complete analysis for MEX:ZTO N

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

MXN426.00
Price
MXN548.91
GF Value