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Full Truck Alliance stock: key metrics
YMMFull Truck Alliance had an operating margin of 33.2% and a return on invested capital (ROIC) of 16.5% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2019 | 43.8% | −41.3% | −61.6% |
| 2020 | 49.0% | −140.1% | −134.5% |
| 2021 | 45.5% | −81.5% | −78.5% |
| 2022 | 47.8% | −2.4% | 6.0% |
| 2023 | 85.4% | 11.8% | 26.2% |
| 2024 | 54.6% | 22.0% | 27.3% |
| 2025 | 63.0% | 33.2% | 35.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2019 | −10.5% | −16.9% | −9.0% |
| 2020 | −15.1% | −63.3% | −13.8% |
| 2021 | −11.6% | −60.7% | −10.6% |
| 2022 | 1.2% | −2.0% | 1.1% |
| 2023 | 6.2% | 7.5% | 5.6% |
| 2024 | 8.1% | 13.1% | 7.4% |
| 2025 | 11.0% | 16.5% | 9.9% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 3 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.