ZTO Express (Cayman) Inc (ZTO) — Free Cash Flow Generation Index
ZTO Express (Cayman) Inc (ZTO) has a Free Cash Flow Generation Index of -0.15x as of December 2025. Free cash flow of $-1.85 Billion represents 0% of operating cash flow ($11.97 Billion). Read ZTO current and long-term liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
ZTO Express (Cayman) Inc Free Cash Flow Generation Index (2014–2025)
Historical FCF Generation Index trend for ZTO Express (Cayman) Inc across 12 annual periods. Explore ZTO Express (Cayman) Inc capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for ZTO Express (Cayman) Inc (2014–2025)
Year-by-year Free Cash Flow Generation Index for ZTO Express (Cayman) Inc. For the full company profile including market capitalisation, see ZTO market cap.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.49x | $5.89 Billion | $11.97 Billion | $6.07 Billion | ▲ +1.8% |
| 2024 | 0.48x | $5.53 Billion | $11.43 Billion | $5.90 Billion | ▼ -3.4% |
| 2023 | 0.50x | $6.69 Billion | $13.36 Billion | $6.67 Billion | ▲ +84.3% |
| 2022 | 0.27x | $3.12 Billion | $11.48 Billion | $8.36 Billion | ▲ +193.1% |
| 2021 | -0.29x | $-2.11 Billion | $7.22 Billion | $9.33 Billion | ▲ +66.1% |
| 2020 | -0.86x | $-4.26 Billion | $4.95 Billion | $9.21 Billion | ▼ -603.0% |
| 2019 | 0.17x | $1.08 Billion | $6.30 Billion | $5.23 Billion | ▲ +78.1% |
| 2018 | 0.10x | $422.77 Million | $4.40 Billion | $3.98 Billion | ▼ -56.6% |
| 2017 | 0.22x | $803.95 Million | $3.63 Billion | $2.83 Billion | ▲ +467.9% |
| 2016 | -0.06x | $-152.66 Million | $2.54 Billion | $2.69 Billion | ▼ -128.7% |
| 2015 | 0.21x | $391.67 Million | $1.87 Billion | $1.48 Billion | ▼ -20.2% |
| 2014 | 0.26x | $281.67 Million | $1.07 Billion | $790.08 Million | — |