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YMM stock logo

YMM

Full Truck Alliance Co. Ltd.

$8.7
-0.02
 (-0.17%)
Exchange:  NYSE
Market Cap:  9.099B
Shares Outstanding:  1.042B
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  TechnologyView sector performance
Industry:  Software – ApplicationView industry performance
   
CEO:  Hui Zhang
Full Time Employees:  8251
Address: 
6 Keji Road
Guiyang
GZ
550025
CN
Website:  https://www.fulltruckalliance.com
Full Truck Alliance Co. Ltd., along with its subsidiaries, operates a prominent digital logistics platform across the People’s Republic of China. This platform’s core purpose is to seamlessly connect cargo owners (shippers) with truck drivers, streamlining the transportation of goods regardless of distance, weight, or type. The company offers essential services like freight posting, carrier matching, and brokerage assistance, complemented by secure online payment processing. Furthermore, it provides an array of supplementary offerings designed to benefit its users, including financing solutions, insurance services, electronic toll management, and energy-related services. Full Truck Alliance also dedicates resources to technology development and various other support functions. The enterprise was established in 2011 and is headquartered in Guiyang, China.

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Revenue Segmentation

Revenue by type

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YMM full analysis

25/11/2025

Welcome to MARKETSNAP’s SWOT analysis for Full Truck Alliance, also known by its ticker YMM. If you’re not familiar with this player, let me give you the quick rundown. Full Truck Alliance operates in the logistics and trucking industry, primarily in China, connecting shippers with truck drivers through a digital platform. Think of it as a tech-driven middleman revolutionizing freight services in one of the world’s largest markets. With a solid market cap and a strong foothold in the transportation…

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
YMYMM logoYMMFull Truck Alliance Co. Ltd.9.1B33.212.28.1%
PCPCTY logoPCTYPaylocity Holding Corporation8.9B34.321.118.4%
GTGTLB logoGTLBGitLab Inc.8.7B—58.8-9.0%
ESESTC logoESTCElastic N.V.9.5B26.935.826.3%
OCOCFT logoOCFTOneConnect Financial Technology Co., L…8.6B—31.2-35.2%
PCPCOR logoPCORProcore Technologies, Inc.9.6B—37.6-4.0%

EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

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View full analyst estimates

Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/21 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue8,436,15911,238,63812,489,859
Gross Profit7,203,5546,138,0807,871,063
EBITDA2,408,6392,552,9074,246,212
Operating Income997,4292,474,9804,146,198
Net Income2,212,8883,069,8494,408,169

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets39,347,64741,287,07544,350,251.923
Total Liabilities3,452,9233,151,9023,052,365.481
Total Stockholders Equity35,604,50637,676,72640,056,695.557
Total Debt84,46765,13235,354.494
Cash and Cash Equivalents6,770,8955,810,3476,140,334.625

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow2,269,6462,970,1254,626,880
Capital Expenditure-100,344-74,967-129,714
Free Cash Flow2,169,3022,895,1584,497,166
Net Income2,227,0933,123,4374,459,076
Net Change in Cash1,675,337-945,528215,547

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2029Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)16,941,732.536Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)20,912,745.394Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)18,756,941.441Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)7,786,406.700Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)10,195,077.779Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)8,887,449.079Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)6,854,949.719Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)9,013,094.280Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)7,841,472.388Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)7,182,246.991Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)8,865,710.892Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)7,951,783.322Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)7.490Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)8.610Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)6.550Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)5Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)2Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
1.562B  ?P/S
 (TTM)
: 
4.56
?Net Income
 (TTM)
: 
426.556M  ?P/E
 (TTM)
: 
33.15
?Enterprise Value
 (TTM)
: 
51.382B  ?EV/FCF
 (TTM)
: 
13.84
?Dividend Yield
 (TTM)
: 
3.01%  ?Payout Ratio
 (TTM)
: 
0%
?ROE
 (TTM)
: 
10.57%  ?ROIC
 (TTM)
: 
8.12%
?Net Debt
 (TTM)
: 
-2.856B  ?Debt/Equity
 (TTM)
: 
0
?P/B
 (TTM)
: 
1.43  ?Current Ratio
 (TTM)
: 
7.96

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
12.15Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

Strengths (preview)

  • Robust Financial Performance: Full Truck Alliance (YMM) reported strong financial results in Q4 and fiscal year 2024, as highlighted in the earnings call transcript, with notable growth in revenue and net income. Key metrics such as operating cash flow and free cash flow demonstrate healthy liquidity and operational efficiency, supporting sustained business growth.
  • Market Leadership in Industry: YMM operates within a specialized niche of the transportation and logistics sector, leveraging its platform to connect truck drivers and shippers. The company profile indicates a significant market cap and a competitive position within the industry, bolstered by a large user base and operational scale.
  • Strong Balance Sheet: Balance sheet data reveals substantial cash and cash equivalents alongside manageable total liabilities. A favorable current ratio (TTM) and low debt-to-equity ratio (TTM) indicate financial stability and the capacity to weather economic fluctuations or invest in growth initiatives.
  • Positive Earnings Outlook: The earnings call summary reflects confidence in continued growth, with management highlighting strategic initiatives that have driven user engagement and monetization. Forward P/E ratios (average, high, low) suggest the stock is reasonably valued relative to future earnings potential, appealing to growth-oriented investors.

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates YMM intrinsic value between $13.72 – $15.56 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate YMM Intrinsic Value

Common questions about YMM valuation

Is Full Truck Alliance Co. Ltd. (YMM) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for Full Truck Alliance Co. Ltd. (YMM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is YMM a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether YMM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is YMM’s P/E ratio?

You can see YMM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for YMM?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is YMM a good long-term investment?

Whether YMM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for Full Truck Alliance Co. Ltd.

  • Full Truck Alliance Co. Ltd. intrinsic value calculatorEstimate what the business is worth
  • Full Truck Alliance Co. Ltd. 5-year outlookWhat has to go right, and what could go wrong
YMM

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-0.17
MarketSnap

Trading Metrics:

Open: 8.79   Previous Close: 8.72
Day Low: 8.69   Day High: 8.88
Year Low: 7.46   Year High: 13.09
Price Avg 50: 8.42   Price Avg 200: 8.79
Volume: 4.177M   Average Volume: 6.774M

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See in Nexus

Relevant news

Full Truck Alliance's 2027 Outlook: Why Slower Revenue Growth Is Actually Good News
02-11-2026 13:48
Full Truck Alliance's 2027 Outlook: Why Slower Revenue Growth Is Actually Good News
YMM or NPO: Which Is the Better Value Stock Right Now?
27-08-2026 12:40
YMM or NPO: Which Is the Better Value Stock Right Now?
Full Truck Alliance (YMM) Upgraded to Buy: Here's Why
09-09-2026 13:00
Full Truck Alliance (YMM) Upgraded to Buy: Here's Why
Full Truck Alliance: High-Quality Monetization At An Inflection Point, Reiterate Buy
20-08-2026 06:11
Full Truck Alliance: High-Quality Monetization At An Inflection Point, Reiterate Buy
Full Truck Alliance Co. Ltd. (YMM) Q2 2026 Earnings Call Transcript
19-08-2026 10:11
Full Truck Alliance Co. Ltd. (YMM) Q2 2026 Earnings Call Transcript
Full Truck Alliance Co. Ltd. Announces Second Quarter 2026 Unaudited Financial Results
19-08-2026 04:49
Full Truck Alliance Co. Ltd. Announces Second Quarter 2026 Unaudited Financial Results

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