RXO vs ZTO Express (cayman)
ZTO Express (cayman) is the larger business, with $6.83bn of revenue in fiscal 2025 against $5.74bn for RXO (1.2 times as much). RXO grew faster (26.2% against 11.0%). ZTO Express (cayman) kept more of each dollar of sales as profit: a net margin of 18.5% against -1.7%. ZTO Express (cayman) carries less debt relative to equity (16.7% against 26.2%).
| Latest fiscal year | RXORXO, 2025 | ZTO Express (cayman)ZTO, 2025 |
|---|---|---|
| Revenue | $5.74bn | $6.83bn |
| Revenue growth | 26.2% | 11.0% |
| Net income | −$100m | $1.26bn |
| Operating margin | -1.4% | 21.3% |
| Net margin | -1.7% | 18.5% |
| Return on equity | -6.3% | 14.0% |
| Free cash flow | −$8.0m | $940m |
| Cash | $17.0m | $1.43bn |
| Total debt | $404m | $1.58bn |
| Debt to equity | 26.2% | 16.7% |
| Dividend per share | — | — |
| Dividend yield | — | 3.3% |
| Share buybacks | $0 | $174m |
| Employees | — | — |
| Market value | $4.67bn | $16.08bn |
| Price vs our value range | — | Below our value range |
| Moat score | 18 (Weak) | — |
| Insider trades, 12 months | 7 buys, 1 sales | 0 buys, 0 sales |