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Held by 166 of 5,944 reporting institutions (90th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
No trend data available for this metric.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $20.86 today, the market must believe free cash flow compounds 6.2%/yr for a decade (off $927M normalized FCF).
The market's 6.2% is more conservative than its 8-yr track record.
2-stage DCF · 0.79B shares · net debt $132M
mean -24.1% · volatility σ 112% · implied rate exceeded in 3/6 yrs
Central path = implied 6.2%/yr growth; shaded band = ±1σ (112%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.02B 100.0% | $44.28B 100.0% | $38.42B 100.0% | $35.38B 100.0% | $30.41B 100.0% | $25.21B 100.0% | $22.11B 100.0% | $17.60B 100.0% | $13.06B 100.0% | $9.79B 100.0% |
| Cost of Revenue | $5.27B 75.0% | $30.56B 69.0% | $26.76B 69.6% | $26.34B 74.4% | $23.82B 78.3% | $19.38B 76.9% | $15.49B 70.1% | $12.24B 69.5% | $8.71B 66.7% | $6.35B 64.8% |
| Gross Profit | $1.75B 25.0% | $13.72B 31.0% | $11.66B 30.4% | $9.04B 25.6% | $6.59B 21.7% | $5.84B 23.1% | $6.62B 29.9% | $5.36B 30.5% | $4.35B 33.3% | $3.44B 35.2% |
| Selling, General & Admin | $377.2M 5.4% | $2.69B 6.1% | $2.43B 6.3% | $2.08B 5.9% | $1.88B 6.2% | $1.66B 6.6% | $1.55B 7.0% | $1.21B 6.9% | $780.5M 6.0% | $706.0M 7.2% |
| Total Operating Expenses | $256.9M 3.7% | $1.94B 4.4% | $1.65B 4.3% | $1.30B 3.7% | $1.09B 3.6% | $1.08B 4.3% | $1.16B 5.2% | $1.03B 5.9% | $597.1M 4.6% | $673.9M 6.9% |
| Operating Income | $1.50B 21.3% | $11.78B 26.6% | $10.01B 26.0% | $7.74B 21.9% | $5.50B 18.1% | $4.75B 18.9% | $5.46B 24.7% | $4.33B 24.6% | $3.75B 28.7% | $2.77B 28.3% |
| Interest Expense | $35.6M 0.5% | $337.9M 0.8% | $40.8M 0.1% | $190.5M 0.5% | $126.5M 0.4% | $35.3M 0.1% | — | $780K 0.0% | $15.7M 0.1% | $13.0M 0.1% |
| Interest & Investment Income | $528.7M 7.5% | $656.9M 1.5% | $399.7M 1.0% | $209.1M 0.6% | $212.7M 0.7% | $329.8M 1.3% | $432.6M 2.0% | $307.1M 1.7% | $74.1M 0.6% | — |
| Pretax Income | $1.58B 22.5% | $11.68B 26.4% | $10.69B 27.8% | $8.29B 23.4% | $5.74B 18.9% | $5.03B 20.0% | $6.76B 30.6% | $5.34B 30.3% | $3.82B 29.3% | $2.82B 28.8% |
| Income Tax Expense | $272.4M 3.9% | $2.85B 6.4% | $1.94B 5.0% | $1.63B 4.6% | $1.01B 3.3% | $689.8M 2.7% | $1.08B 4.9% | $929.1M 5.3% | $646.4M 4.9% | $732.0M 7.5% |
| Net Income | $1.30B 18.5% | $8.82B 19.9% | $8.75B 22.8% | $6.81B 19.2% | $4.75B 15.6% | $4.31B 17.1% | $5.67B 25.7% | $4.38B 24.9% | $3.16B 24.2% | $2.05B 21.0% |
| Per Share | ||||||||||
| EPS (Basic) | $1.63 | $10.95 | $10.83 | $8.41 | $5.80 | $5.42 | $7.24 | $5.83 | $4.41 | $2.91 |
| EPS (Diluted) | $1.60 | $10.70 | $10.60 | $8.36 | $5.80 | $5.42 | $7.23 | $5.82 | $4.40 | $2.91 |
| Weighted Avg Shares (Basic) | 797.6M | 804.9M | 807.7M | 809.4M | 820.0M | 796.1M | 784.0M | 751.8M | 717.1M | 634.6M |
| Weighted Avg Shares (Diluted) | 820.8M | 838.4M | 838.9M | 820.3M | 820.0M | 796.1M | 784.3M | 752.7M | 717.6M | 634.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 56% of free cash flow, leaving room to grow it and fund buybacks. Last year: $537M dividends + $179M buybacks = $716M returned on $966M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 12%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~2.3% on $1.6B of debt.
Cash of $1.4B is below short-term debt of $1.6B — relies on refinancing/operations.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 10-yr range · 18th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 10-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 69.5 | 70.1 | 76.9 | 78.3 | 74.4 | 69.6 | 69.0 | 75.0 |
| Gross Profit | 30.5 | 29.9 | 23.1 | 21.7 | 25.6 | 30.4 | 31.0 | 25.0 |
| SG&A | 6.9 | 7.0 | 6.6 | 6.2 | 5.9 | 6.3 | 6.1 | 5.4 |
| Operating Income | 24.6 | 24.7 | 18.9 | 18.1 | 21.9 | 26.0 | 26.6 | 21.3 |
| Income Tax | 5.3 | 4.9 | 2.7 | 3.3 | 4.6 | 5.0 | 6.4 | 3.9 |
| Net Income | 24.9 | 25.7 | 17.1 | 15.6 | 19.2 | 22.8 | 19.9 | 18.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ZTO: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $259.8B | 39.0× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $167.6B | 23.6× | 16.1× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.4B | 32.6× | 23.3× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $92.4B | 70.8× | 43.8× | 9.0× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.8× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $85.0B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| ZTO | $16.5B | 13.0× | 8.4× | 2.4× | 15.7% | 25.0% | 18.5% | 13.7% | 11.7% | 0.8× | 166 |
Peers = companies sharing ZTO's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.