ZTO Express (Cayman)MEX:ZTO N 84 Net Margin % is 15.95% as of Mar. 2026, which is 22% below its 10-year median of 20.45. GuruFocus rates MEX:ZTO N with a GF Score™ of 84/100 and a GF Value™ of MXN548.91. Among 1,008 Transportation companies, ZTO Express (Cayman) ranks better than 82.24% on this metric.
The historical rank and industry rank for ZTO Express (Cayman)'s Net Margin % or its related term are showing as below:
MEX:ZTO N'
s Net Margin % Range Over the Past 10 Years
Min: 15.64 Med: 20.45 Max: 25.66
Current: 17.87
MEX:ZTO N's Net Margin % is ranked better than 82.24% of 1008
companies
in the Transportation industry
Industry Median: 4.98
vs MEX:ZTO N: 17.87
ZTO Express (Cayman) (MEX:ZTO N) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
ZTO Express (Cayman) Net Margin % Related Terms
ZTO Express (Cayman) Net Margin % Historical Data
* Premium members only.
The historical data trend for ZTO Express (Cayman)'s Net 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.
MEX:ZTO N vs EXPD, CHRW, FDXFw: Net Margin % Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s Net Margin %, along with its competitors' market caps and Net 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) Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Net Margin % distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'s Net Margin % falls into.
* 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) (MEX:ZTO N) has a Net Margin % of 15.95% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on ZTO Express (Cayman) and its competitors. This is 22% below median its historical median of 20.45. Over the past decade, ZTO Express (Cayman)'s Net Margin % has ranged from 15.64 to 25.66. According to the industry distribution chart, ZTO Express (Cayman) ranks #179 out of 1008 companies in the Transportation industry, placing it in the top 17.8%.
Is ZTO Express (Cayman)'s Net Margin % too high?
ZTO Express (Cayman)'s current Net Margin % of 15.95% is 22% below median its 10-year median of 20.45. Over the past 10 years, this metric has ranged from a low of 15.64 to a high of 25.66. The Transportation industry median Net Margin % is 4.98. ZTO Express (Cayman)'s value of 15.95% is 220.3% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #179 out of 1008 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 Net Margin % compare to EXPD and CHRW?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #179 out of 1008 companies for Net Margin %. This places ZTO Express (Cayman) in the top 18% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.98. ZTO Express (Cayman)'s value of 15.95% is 220.3% above this benchmark. Historically, ZTO Express (Cayman)'s own Net Margin % has ranged from 15.64 to 25.66 over the past decade. While the company's 10-year median is 20.45 vs. the industry median of 4.98, 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 Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.98, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current Net Margin % of 15.95% is 220.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on ZTO Express (Cayman) and its competitors. For the Transportation industry, the median Net Margin % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current Net Margin % is 15.95%, which is 22% below median its own 10-year median of 20.45. 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 Net Margin % of 15.95%. 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 Net Margin % is 15.95%, which is 22% below median its 10-year median of 20.45 and 220.3% above the Transportation industry median of 4.98. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For ZTO Express (Cayman) (MEX:ZTO N), the current Net Margin % is 15.95% 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:
Net Margin %: 15.95% (22% below median its 10-year median of 20.45)
GF Value™: MXN548.91 vs. price of MXN426.00 (22.4% below fair value)
Industry Position: 220.3% above the Transportation median (#179 of 1008)
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 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
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