ZTO Express (Cayman) (MEX:ZTO N) FCF Margin %: 21.00% (As of Mar. 2026) — 280% Above 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) FCF Margin %?

ZTO Express (Cayman) MEX:ZTO N 84 FCF Margin % is 21.00% as of Mar. 2026, which is 280% above its 10-year median of 5.52. GuruFocus rates MEX:ZTO N with a GF Score™ of 84/100 and a GF Value™ of MXN548.91. Among 1,006 Transportation companies, ZTO Express (Cayman) ranks better than 89.26% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. ZTO Express (Cayman)'s Free Cash Flow for the three months ended in Mar. 2026 was MXN7,297 Mil. ZTO Express (Cayman)'s Revenue for the three months ended in Mar. 2026 was MXN34,752 Mil. Therefore, ZTO Express (Cayman)'s FCF Margin % for the quarter that ended in Mar. 2026 was 21.00%.

As of today, ZTO Express (Cayman)'s current FCF Yield % is 11.85%.

The historical rank and industry rank for ZTO Express (Cayman)'s FCF Margin % or its related term are showing as below:

MEX:ZTO N' s FCF Margin % Range Over the Past 10 Years
Min: -16.88   Med: 5.52   Max: 24.03
Current: 24.03


During the past 12 years, the highest FCF Margin % of ZTO Express (Cayman) was 24.03%. The lowest was -16.88%. And the median was 5.52%.

MEX:ZTO N's FCF Margin % is ranked better than
89.26% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs MEX:ZTO N: 24.03


ZTO Express (Cayman) FCF Margin % Related Terms


ZTO Express (Cayman) FCF Margin % Historical Data

* Premium members only.

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

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.93 11.49 17.42 12.48 12.00

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
FCF 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 21.70 18.33 27.06 29.13 21.00

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

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

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

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


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

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=15067.94/125519.064
=12.00 %

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

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=7297.342/34752.381
=21.00 %

* 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 FCF Margin % →
What does a FCF Margin % of 21.00% mean?
ZTO Express (Cayman) (MEX:ZTO N) has a FCF Margin % of 21.00% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on ZTO Express (Cayman) and its competitors. This is 280% above median its historical median of 5.52. According to the industry distribution chart, ZTO Express (Cayman) ranks #108 out of 1006 companies in the Transportation industry, placing it in the top 10.7%.
Is ZTO Express (Cayman)'s FCF Margin % too high?
ZTO Express (Cayman)'s current FCF Margin % of 21.00% is 280% above median its 10-year median of 5.52. The Transportation industry median FCF Margin % is 4.38. ZTO Express (Cayman)'s value of 21.00% is 379.5% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #108 out of 1006 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. 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 FCF Margin % compare to EXPD and CHRW?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #108 out of 1006 companies for FCF Margin %. This places ZTO Express (Cayman) in the top 11% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 4.38. ZTO Express (Cayman)'s value of 21.00% is 379.5% above this benchmark. While the company's 10-year median is 5.52 vs. the industry median of 4.38, 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 FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.38, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current FCF Margin % of 21.00% is 379.5% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on ZTO Express (Cayman) and its competitors. For the Transportation industry, the median FCF Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current FCF Margin % is 21.00%, which is 280% above median its own 10-year median of 5.52. 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 FCF Margin % of 21.00%. 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 FCF Margin % is 21.00%, which is 280% above median its 10-year median of 5.52 and 379.5% above the Transportation industry median of 4.38. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For ZTO Express (Cayman) (MEX:ZTO N), the current FCF Margin % is 21.00% 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:

  • FCF Margin %: 21.00% (280% above median its 10-year median of 5.52)
  • GF Value™: MXN548.91 vs. price of MXN426.00 (22.4% below fair value)
  • GF Score™: 84/100
  • Industry Position: 379.5% above the Transportation median (#108 of 1006)

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

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

MXN426.00
Price
MXN548.91
GF Value