ZTO Express (Cayman) (NYSE:ZTO) Full Year 2024 Results

Key Financial Results

Revenue: CN¥44.3b (up 15% from FY 2023). Net income: CN¥8.82b (flat on FY 2023). Profit margin: 20% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. EPS: CN¥10.95 (up from CN¥10.83 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

ZTO Express (Cayman) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 4.6%.

In the last 12 months, the only revenue segment was Transportation - Trucking contributing CN¥44.3b. Notably, cost of sales worth CN¥30.6b amounted to 69% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥2.96b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ZTO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 3.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on ZTO Express (Cayman)'s balance sheet health.

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