ZTO Express Net Income
| ZTO Stock | USD 21.93 0.31 1.39% |
As of the 1st of February, ZTO Express maintains the Risk Adjusted Performance of 0.11, mean deviation of 1.06, and Downside Deviation of 1.21. In relation to fundamental indicators, the technical analysis model lets you check available technical drivers of ZTO Express, as well as the relationship between them.
ZTO Express Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 2.3073 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 10.2 B | 10.7 B | |
| Net Income Applicable To Common Shares | 10.1 B | 10.6 B | |
| Net Income | 10.2 B | 10.7 B | |
| Net Income Per Share | 9.63 | 10.11 | |
| Net Income Per E B T | 0.68 | 0.63 |
ZTO | Net Income | Build AI portfolio with ZTO Stock |
Evaluating ZTO Express's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into ZTO Express's fundamental strength.
Latest ZTO Express' Net Income Growth Pattern
Below is the plot of the Net Income of ZTO Express over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in ZTO Express financial statement analysis. It represents the amount of money remaining after all of ZTO Express operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is ZTO Express' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ZTO Express' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 8.89 B | 10 Years Trend |
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Net Income |
| Timeline |
ZTO Net Income Regression Statistics
| Arithmetic Mean | 4,286,011,560 | |
| Geometric Mean | 2,393,192,654 | |
| Coefficient Of Variation | 85.31 | |
| Mean Deviation | 3,024,786,997 | |
| Median | 4,312,213,000 | |
| Standard Deviation | 3,656,494,839 | |
| Sample Variance | 13369954.5T | |
| Range | 10.2B | |
| R-Value | 0.97 | |
| Mean Square Error | 976553T | |
| R-Squared | 0.93 | |
| Slope | 698,862,833 | |
| Total Sum of Squares | 213919272.1T |
ZTO Net Income History
Other Fundumenentals of ZTO Express
| Net Income From Continuing Ops | ||
| Net Income Applicable To Common Shares | ||
| Net Income Per Share | ||
| Net Income Per E B T |
ZTO Express Net Income component correlations
ZTO Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for ZTO Express is extremely important. It helps to project a fair market value of ZTO Stock properly, considering its historical fundamentals such as Net Income. Since ZTO Express' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ZTO Express' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ZTO Express' interrelated accounts and indicators.
Click cells to compare fundamentals
Will Air Freight & Logistics sector continue expanding? Could ZTO diversify its offerings? Factors like these will boost the valuation of ZTO Express. Anticipated expansion of ZTO directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every ZTO Express data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.069 | Dividend Share 4.79 | Earnings Share 1.55 | Revenue Per Share | Quarterly Revenue Growth 0.111 |
The market value of ZTO Express is measured differently than its book value, which is the value of ZTO that is recorded on the company's balance sheet. Investors also form their own opinion of ZTO Express' value that differs from its market value or its book value, called intrinsic value, which is ZTO Express' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because ZTO Express' market value can be influenced by many factors that don't directly affect ZTO Express' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZTO Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if ZTO Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, ZTO Express' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
ZTO Express 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ZTO Express' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ZTO Express.
| 11/03/2025 |
| 02/01/2026 |
If you would invest 0.00 in ZTO Express on November 3, 2025 and sell it all today you would earn a total of 0.00 from holding ZTO Express or generate 0.0% return on investment in ZTO Express over 90 days. ZTO Express is related to or competes with JB Hunt, Expeditors International, XPO Logistics, LATAM Airlines, Textron, CH Robinson, and Allegion PLC. ZTO Express Inc. provides express delivery and other value-added logistics services in the Peoples Republic of China More
ZTO Express Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ZTO Express' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ZTO Express upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.1125 | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.73 |
ZTO Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZTO Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZTO Express' standard deviation. In reality, there are many statistical measures that can use ZTO Express historical prices to predict the future ZTO Express' volatility.| Risk Adjusted Performance | 0.11 | |||
| Jensen Alpha | 0.1603 | |||
| Total Risk Alpha | 0.1223 | |||
| Sortino Ratio | 0.1267 | |||
| Treynor Ratio | 0.2367 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZTO Express' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZTO Express February 1, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.11 | |||
| Market Risk Adjusted Performance | 0.2467 | |||
| Mean Deviation | 1.06 | |||
| Semi Deviation | 0.9828 | |||
| Downside Deviation | 1.21 | |||
| Coefficient Of Variation | 686.99 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.85 | |||
| Information Ratio | 0.1125 | |||
| Jensen Alpha | 0.1603 | |||
| Total Risk Alpha | 0.1223 | |||
| Sortino Ratio | 0.1267 | |||
| Treynor Ratio | 0.2367 | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.73 | |||
| Downside Variance | 1.46 | |||
| Semi Variance | 0.9659 | |||
| Expected Short fall | (1.18) | |||
| Skewness | 0.4524 | |||
| Kurtosis | 0.6701 |
ZTO Express Backtested Returns
ZTO Express appears to be very steady, given 3 months investment horizon. ZTO Express shows Sharpe Ratio of 0.19, which attests that the company had a 0.19 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for ZTO Express, which you can use to evaluate the volatility of the company. Please utilize ZTO Express' Mean Deviation of 1.06, risk adjusted performance of 0.11, and Downside Deviation of 1.21 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZTO Express holds a performance score of 14. The firm maintains a market beta of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZTO Express' returns are expected to increase less than the market. However, during the bear market, the loss of holding ZTO Express is expected to be smaller as well. Please check ZTO Express' downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether ZTO Express' historical returns will revert.
Auto-correlation | 0.73 |
Good predictability
ZTO Express has good predictability. Overlapping area represents the amount of predictability between ZTO Express time series from 3rd of November 2025 to 18th of December 2025 and 18th of December 2025 to 1st of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ZTO Express price movement. The serial correlation of 0.73 indicates that around 73.0% of current ZTO Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
ZTO Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, ZTO Express reported net income of 8.89 B. This is much higher than that of the Air Freight & Logistics sector and significantly higher than that of the Industrials industry. The net income for all United States stocks is significantly lower than that of the firm.
ZTO Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ZTO Express' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ZTO Express could also be used in its relative valuation, which is a method of valuing ZTO Express by comparing valuation metrics of similar companies.ZTO Express is currently under evaluation in net income category among its peers.
ZTO Express Current Valuation Drivers
We derive many important indicators used in calculating different scores of ZTO Express from analyzing ZTO Express' financial statements. These drivers represent accounts that assess ZTO Express' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ZTO Express' important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 144.5B | 151.2B | 121.7B | 117.1B | 134.7B | 159.2B | |
| Enterprise Value | 139.2B | 152.7B | 124.8B | 121.0B | 139.1B | 155.6B |
ZTO Express ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ZTO Express' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ZTO Express' managers, analysts, and investors.Environmental | Governance | Social |
ZTO Express Institutional Holders
Institutional Holdings refers to the ownership stake in ZTO Express that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ZTO Express' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ZTO Express' value.| Shares | Healthcare Of Ontario Pension Plan Trust Fund | 2025-06-30 | 1.7 M | Legal & General Group Plc | 2025-06-30 | 1.7 M | Dimensional Fund Advisors, Inc. | 2025-06-30 | 1.7 M | Citigroup Inc | 2025-06-30 | 1.5 M | Todd Asset Management | 2025-06-30 | 1.4 M | American Century Companies Inc | 2025-06-30 | 986 K | State Street Corp | 2025-06-30 | 915.5 K | Bank Of America Corp | 2025-06-30 | 831.2 K | Teachers Retirement System Of The State Of Kentucky | 2025-06-30 | 826.9 K | Harding Loevner L.p. | 2025-06-30 | 12.3 M | Temasek Holdings Ltd. | 2025-06-30 | 10.4 M |
ZTO Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0732 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 15.76 B | ||||
| Shares Outstanding | 580.77 M | ||||
| Shares Owned By Insiders | 2.40 % | ||||
| Shares Owned By Institutions | 12.60 % | ||||
| Number Of Shares Shorted | 17 M | ||||
| Price To Earning | 27.47 X | ||||
| Price To Book | 1.88 X | ||||
| Price To Sales | 0.37 X | ||||
| Revenue | 44.28 B | ||||
| Gross Profit | 12.35 B | ||||
| EBITDA | 15.04 B | ||||
| Net Income | 8.89 B | ||||
| Cash And Equivalents | 13.47 B | ||||
| Cash Per Share | 18.70 X | ||||
| Total Debt | 17.35 B | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 1.25 X | ||||
| Book Value Per Share | 11.66 X | ||||
| Cash Flow From Operations | 11.43 B | ||||
| Short Ratio | 8.42 X | ||||
| Earnings Per Share | 1.55 X | ||||
| Price To Earnings To Growth | 2.04 X | ||||
| Target Price | 23.83 | ||||
| Number Of Employees | 24.48 K | ||||
| Beta | -0.2 | ||||
| Market Capitalization | 17.49 B | ||||
| Total Asset | 92.34 B | ||||
| Retained Earnings | 39.1 B | ||||
| Working Capital | 2.08 B | ||||
| Annual Yield | 0.03 % | ||||
| Net Asset | 92.34 B | ||||
| Last Dividend Paid | 4.79 |
About ZTO Express Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ZTO Express's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ZTO Express using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ZTO Express based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ZTO Express
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZTO Express position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZTO Express will appreciate offsetting losses from the drop in the long position's value.Moving together with ZTO Stock
| 0.9 | FDX | FedEx | PairCorr |
| 0.88 | UPS | United Parcel Service | PairCorr |
| 0.76 | XPO | XPO Logistics Earnings Call This Week | PairCorr |
| 0.75 | TTNM | Titanium Transportation | PairCorr |
Moving against ZTO Stock
The ability to find closely correlated positions to ZTO Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZTO Express when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZTO Express - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZTO Express to buy it.
The correlation of ZTO Express is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZTO Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZTO Express moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ZTO Express can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Will Air Freight & Logistics sector continue expanding? Could ZTO diversify its offerings? Factors like these will boost the valuation of ZTO Express. Anticipated expansion of ZTO directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every ZTO Express data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.069 | Dividend Share 4.79 | Earnings Share 1.55 | Revenue Per Share | Quarterly Revenue Growth 0.111 |
The market value of ZTO Express is measured differently than its book value, which is the value of ZTO that is recorded on the company's balance sheet. Investors also form their own opinion of ZTO Express' value that differs from its market value or its book value, called intrinsic value, which is ZTO Express' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because ZTO Express' market value can be influenced by many factors that don't directly affect ZTO Express' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZTO Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if ZTO Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, ZTO Express' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.