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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.