Full Truck Alliance Co. Ltd. logo YMM - Full Truck Alliance Co. Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 1
HOLD 1
SELL 1
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0
| PRICE TARGET: $11.30 DETAILS
HIGH: $11.30
LOW: $11.30
MEDIAN: $11.30
CONSENSUS: $11.30
UPSIDE: 35.17%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Revenue
Revenue 2,831.2 3,148.5 3,358.2 3,239.1 2,699.9 3,174.3 3,031.4 2,764.3 2,268.7 2,408.0 2,263.9 2,062.0 1,702.3 1,922.5 1,808.6 1,670.1 1,332.6 1,429.4 1,241.7 1,118.8 867.2 850.4 735.0 556.9 497.8 609.3
Cost of Revenue 749.9 1,039.2 1,605.2 1,238.4 698.6 187.1 1,364.9 (1,080.2) 1,031.9 1,152.3 1,142.1 975.3 849.4 951.8 953.0 925.9 683.9 658.2 842.1 627.0 412.8 398.4 349.7 378.2 309.2 299.9
Gross Profit 2,081.2 2,109.4 1,753.0 2,000.7 2,001.3 2,987.1 1,666.5 3,844.5 1,236.8 1,255.6 1,121.9 1,086.8 852.9 970.7 855.6 744.1 648.7 771.2 399.6 491.9 454.4 452.0 385.2 178.7 188.5 309.4
Operating Expenses
R&D Expenses 253.8 254.6 233.2 189.6 193.4 205.0 195.1 232.1 247.7 255.3 237.7 223.7 229.9 250.2 226.6 216.4 221.0 233.6 202.9 155.1 138.0 119.0 115.8 87.9 89.3 113.0
SG&A Expenses 819.9 821.7 600.4 604.2 563.9 682.7 640.4 591.4 604.6 687.0 581.2 483.5 425.2 689.3 439.5 541.0 650.5 1,875.6 380.6 2,359.9 492.4 3,138.9 582.0 418.6 336.0 675.7
Other Expenses 23.6 22.6 143.2 67.4 41.7 1,264.0 69 2,455.5 72.3 62.5 116.9 4.3 32.1 36.4 47.8 33.2 29.3 13.9 21.0 (6.9) 1.4 (4.0) (1.8) (11.4) 0 0
Operating Expenses 1,097.3 1,099.0 976.8 861.2 798.9 2,151.7 904.5 3,279.1 924.6 1,004.8 874.8 753.0 687.1 976.0 713.9 790.5 900.7 2,123.2 601.3 2,532.3 656.2 3,257.2 726.9 523.7 424.6 917.7
Operating Income
Operating Income 983.9 1,010.4 776.3 1,139.6 1,202.4 835.4 762.0 565.4 312.2 250.8 247.1 333.8 165.8 (213.5) 141.7 (46.4) (252.0) (1,351.9) (201.7) (2,040.4) (201.9) (2,805.2) (341.6) (345.0) (233.9) (552.2)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.1 0.1 0.0 0 0 0 0 4.4 1.0 0 0
Interest Income 227.6 254.2 230.6 251.3 245.5 149.5 303.3 305.3 315.4 313.0 297.2 285.5 246.1 202.3 118.2 106.8 56.3 69.1 71.0 45.2 49.4 49.1 51.7 59.7 54.2 51.4
Profitability
EBITDA 983.9 1,010.4 1,195.9 1,139.6 1,202.4 854.1 780.7 584.1 330.9 256.7 345.3 355.9 187.8 (1.3) 164.2 (29.6) (170.9) (1,360.5) (156.2) (2,003.8) (165.4) (2,766.7) (310.0) (299.4) (216.2) (533.0)
EBIT 983.9 1,010.4 1,195.9 1,139.6 1,202.4 835.4 762.0 565.4 312.2 238.0 672.0 333.8 165.8 209.8 470.6 15.4 (187.7) (1,316.8) (172.1) (1,970.0) (181.3) (2,761.4) (326.5) (298.1) (233.9) (552.2)
Income Before Tax 1,211.1 1,249.7 1,195.9 1,434.5 1,490.7 624.5 1,205.6 891.7 641.1 595.2 672.0 635.8 430.8 209.8 470.6 15.4 (187.8) (1,316.9) (172.1) (1,970.0) (181.3) (2,757.0) (331.0) (299.0) (181.8) (556.9)
Income Tax Expense 223.1 269.1 274.9 169.7 211.8 49.9 83.6 51.2 54.7 7.0 53.6 26.8 19.4 14.1 75.1 2.6 4.2 4.2 6.2 (11.8) 15.6 18.6 3.3 (1.6) (1.3) (5.2)
Net Income 984.9 974.2 907.3 1,244.5 1,268.6 558.5 1,107.1 823.1 581.2 584.1 614.4 605.5 408.9 193.8 393.5 11.4 (192.0) (1,321.1) (178.4) (1,958.0) (197.0) (2,775.6) (334.3) (297.3) (180.5) (551.7)
Per Share Data
EPS (Basic) 0.96 0.91 0.80 24.00 1.22 0.54 1.06 0.79 0.60 0.56 0.60 0.60 0.40 0.20 0.37 0.01 -0.18 -1.23 -0.17 -1.81 -0.18 -2.56 -0.31 -0.27 -0.18 -0.55
EPS (Diluted) 0.96 0.91 0.80 24.00 1.20 0.53 20.00 0.79 0.60 0.56 0.60 0.60 0.40 0.20 0.37 0.01 -0.18 -1.23 -0.17 -1.81 -0.18 -2.55 -0.31 -0.27 -0.18 -0.54
Shares Outstanding 1,039.5 1,042.1 1,041.2 1,042.5 1,042.5 1,040.2 1,040.9 1,040.3 1,043.2 1,074.8 1,051.3 1,058.9 1,064.7 1,062.3 1,061.3 1,082.6 1,092.9 1,078.0 1,073.9 1,080.2 1,086.4 1,085.8 1,085.8 1,085.8 1,029.8 1,008.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q1 2019 Q4
Current Assets
Cash & Cash Equivalents 6,724.9 6,140.3 5,740.1 4,399.2 8,235.1 5,810.3 4,592.3 5,135.4 7,045.4 6,770.9 6,735.7 7,071.0 6,820.4 5,137.3 4,955.4 4,811.9 4,324.0 4,284.3 3,703.2 10,140.9 (18,791.6) 10,060.4 2,705.5 (10,295.4) 3,983.7
Short-Term Investments 11,749.7 11,055.3 9,739.2 12,337.7 11,924.2 15,002.9 15,855.8 11,552.8 11,388.7 11,516.3 13,107.0 17,859.8 18,896.8 21,087.1 21,744.5 21,219.2 20,910.9 21,634.6 23,065.8 16,670.7 37,583.2 8,731.2 6,276.6 20,590.8 6,311.7
Net Receivables 4,362.8 4,929.6 5,055.3 4,911.0 4,534.2 6,121.0 4,353.4 27.4 63.1 5,234.4 21.3 17.8 20.9 4,578.4 16.6 14.7 23.0 170.8 62.0 59.9 0 150.0 18.7 0 89.3
Inventory 0 0 0 0 0 0 0 0 92.6 406.9 103.4 84.3 90.0 83.8 72.8 65.2 69.9 65.8 89.9 73.0 0 107.4 0 0 193.4
Other Current Assets 949.4 941.2 1,175.9 2,149.0 2,761.4 210.8 2,995.4 6,474.8 5,798.7 68.4 5,902.0 5,304.9 5,158.9 36.0 4,238.3 3,815.1 2,960.4 2,574.5 2,864.8 2,588.0 0 1,588.0 2,203.5 0 2,116.6
Total Current Assets 23,786.7 23,066.5 21,710.4 23,796.8 27,454.9 27,256.0 27,796.9 23,190.4 24,295.9 23,997.0 25,766.0 30,253.6 30,897.1 31,004.1 30,954.9 29,861.0 28,218.4 28,898.2 29,695.9 29,459.6 18,791.6 20,683.4 11,204.3 10,295.4 12,501.4
Non-Current Assets
Property, Plant & Equipment 601.4 550.1 515.3 446.4 399.6 407.4 392.9 371.3 349.6 355.3 279.9 269.1 267.2 240.8 263.7 268.2 222.1 102.2 40.5 37.9 0 82.0 40.2 0 51.4
Goodwill 4,010.4 4,028.0 3,946.6 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 3,124.8 2,926.5 2,865.1 0 2,865.1 2,865.1 0 2,780.2
Intangible Assets 730.1 757.9 744.5 367.1 379.4 393.5 407.4 421.9 436.0 449.9 460.7 475.2 488.0 502.4 517.2 528.2 542.0 557.0 484.4 467.5 0 491.3 520.6 0 529.2
Long-Term Investments 14,805.4 15,351.4 16,568.0 14,458.3 10,785.8 9,876.1 8,661.2 12,007.4 10,862.9 11,075.7 9,243.2 4,202.0 1,759.3 1,774.3 1,795.7 1,734.7 1,680.3 1,678.4 1,451.7 1,014.1 0 875.2 874.1 0 985.3
Other Non-Current Assets 428.6 346.7 354.1 273.0 179.6 227.2 150.9 482.6 292.3 195.8 37.6 15.8 41.3 8.4 19.7 19.7 29.0 17.3 159.0 612.3 (18,791.6) 117.5 135.3 (10,295.4) 94
Total Non-Current Assets 20,854.7 21,283.8 22,387.1 18,803.3 14,965.5 14,031.1 12,815.7 16,408.0 15,220.5 15,350.7 13,187.8 8,129.4 5,723.9 5,692.3 5,777.6 5,716.7 5,628.4 5,500.2 5,098.7 5,026.2 (18,791.6) 4,450.0 4,435.3 (10,295.4) 4,457.0
Total Assets 44,641.4 44,350.3 44,097.6 42,600.1 42,420.3 41,287.1 40,612.6 39,598.3 39,516.4 39,347.6 38,953.8 38,383.0 36,620.9 36,696.3 36,732.4 35,577.7 33,846.8 34,398.4 34,794.5 34,485.8 0 25,133.4 15,639.6 0 16,958.4
Current Liabilities
Account Payables 40.7 37.8 34.3 29.5 28.2 31.2 28.4 32.7 28.2 25.2 30.9 34.6 28.5 28.0 24.2 29.8 32.5 29.4 31.2 24.2 0 23.8 10.7 0 18.0
Short-Term Debt 24.5 33.9 0 0 0 0 0 0 0 0 0 0 0 0 0 5 9 9 0 0 0 0 0 0 500
Deferred Revenue 0 0 0 0 0 0 0 0 0 2,591.0 2,507.8 2,304.4 0 0 0 0 0 0 0 0 0 0 0 0 1,133.2
Other Current Liabilities 2,880.2 2,359.2 648.4 646.9 542.4 907.4 618.4 894.4 1,774.8 359.2 635.2 732.2 615.4 1,491.2 660.7 622.4 518.6 1,472.0 683.6 693.4 0 1,297.1 1,131.3 0 38.9
Total Current Liabilities 3,433.0 2,852.8 3,470.3 2,678.0 3,582.8 3,020.0 3,638.2 3,341.9 4,149.6 3,274.7 3,138.3 2,910.4 2,544.0 2,731.8 2,707.5 2,503.5 2,171.4 2,733.8 2,250.4 1,944.6 0 1,962.3 1,520.0 0 2,281.4
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 179.0 185.7 183.7 89.1 92.3 0 98.8 102.1 105.3 108.6 111.8 0 0 121.6 125.1 128.7 0 135.8 117.4 113.3 0 118.8 0 0 123.3
Other Non-Current Liabilities 11.2 12.3 12.2 10.9 10.5 108.0 15.3 17.2 19.0 22.9 0 115.1 118.4 121.6 108.6 112.2 132.2 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 191.3 199.5 197.9 108.7 118.7 131.9 146.8 159.7 169.0 178.2 153.4 135.7 146.4 157.5 160.3 172.0 200.5 135.8 117.4 113.3 0 118.8 0 0 123.3
Total Liabilities 3,624.3 3,052.4 3,668.2 2,786.7 3,701.5 3,151.9 3,785.0 3,501.6 4,318.6 3,452.9 3,291.7 3,046.1 2,690.5 2,889.3 2,867.7 2,675.5 2,371.9 2,869.5 2,367.8 2,057.9 0 2,081.1 1,520.0 0 2,404.7
Stockholders' Equity
Common Stock 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 0 0.3 0.2 0 0.2
Retained Earnings (6,099.0) (7,024.7) (8,008.1) (8,909.5) (10,103.7) (11,372.3) (11,929.5) (13,036.6) (13,819.4) (14,400.6) (14,984.7) (15,599.0) (16,204.6) (16,613.5) (16,807.3) (17,200.8) (17,212.2) (17,020.3) (15,699.2) (15,520.7) 0 (13,365.8) (10,590.2) 0 (9,895.3)
Accumulated Other Comprehensive Income 2,408.7 2,723.8 2,965.1 3,129.7 3,192.3 3,223.9 2,601.8 3,031.8 2,936.1 2,897.9 3,202.8 3,348.1 2,215.9 2,511.2 2,937.7 1,680.9 (873.3) 538.6 (340.0) (433.4) (9,794.3) 1,072.3 1,391.6 (7,091.7) 1,570.5
Total Stockholders' Equity 39,778.7 40,056.7 39,240.6 39,218.5 38,250.0 37,676.7 36,385.9 35,695.9 34,882.7 35,604.5 35,376.1 35,063.0 33,778.2 33,657.2 33,716.7 32,807.7 31,401.5 31,455.4 32,352.9 32,354.2 23,052.2 23,051.8 13,997.7 14,553.7 14,553.3
Total Liabilities & Equity 44,641.4 44,350.3 44,097.6 42,600.1 42,420.3 41,287.1 40,612.6 39,598.3 39,516.4 39,347.6 38,953.8 38,383.0 36,620.9 36,696.3 36,732.4 35,577.7 33,846.8 34,398.4 34,794.5 34,485.8 23,052.2 25,133.4 15,518.1 14,553.7 16,958.4
Debt Metrics
Total Debt 25.6 35.4 44.9 52.1 56.6 65.1 74.8 83.2 85.9 84.5 57.4 61.5 70.8 80.5 99.8 107.1 119.4 9 0 0 0 0 0 0 500
Net Debt (6,699.3) (6,105.0) (5,695.1) (4,347.0) (8,178.4) (5,745.2) (4,517.5) (5,052.1) (6,959.5) (6,686.4) (6,678.2) (7,009.6) (6,749.6) (5,056.8) (4,855.6) (4,704.8) (4,204.6) (4,275.3) (3,703.2) (10,140.9) 18,791.6 (10,060.4) (2,705.5) 10,295.4 (3,483.7)
Metric 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3
Operating Activities
Net Income 1,244.5 1,268.6 558.5 1,107.1 823.1 581.9 583.0 615.0 598.3 409.3 198.7 392.1
Depreciation & Amortization 0 0 0 0 0 0 0 13.0 98.4 0 15.3 14.1
Stock-Based Compensation 77.5 102.7 114.9 109.5 116.3 156.2 130.4 0 0 89.4 0 0
Change in Working Capital 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Cash Items (1,322.0) (1,371.2) (673.3) (1,216.6) (939.3) (738.1) (713.4) (628.1) (696.8) (498.7) (214.0) (406.2)
Operating Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
Cash Position
Net Change in Cash 0 0 0 0 0 0 230.7 (360.6) (141.1) 1,713.3 343.5 (151.9)
Cash at Beginning 0 0 0 0 0 0 6,640.4 7,206.7 7,287.9 5,203.6 4,843.4 5,199.9
Cash at End 0 0 0 0 0 0 6,871.1 6,846.1 7,146.8 6,916.9 5,186.9 5,048.0
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Income Statement
Revenue 2,831.2 3,148.5 3,358.2 3,239.1 2,699.9 3,174.3 3,031.4 2,764.3 2,268.7 2,408.0 2,263.9 2,062.0 1,702.3 1,922.5 1,808.6 1,670.1 1,332.6 1,429.4 1,241.7 1,118.8 867.2 850.4 735.0 556.9 497.8 609.3
Gross Profit 2,081.2 2,109.4 1,753.0 2,000.7 2,001.3 2,987.1 1,666.5 3,844.5 1,236.8 1,255.6 1,121.9 1,086.8 852.9 970.7 855.6 744.1 648.7 771.2 399.6 491.9 454.4 452.0 385.2 178.7 188.5 309.4
Operating Income 983.9 1,010.4 776.3 1,139.6 1,202.4 835.4 762.0 565.4 312.2 250.8 247.1 333.8 165.8 (213.5) 141.7 (46.4) (252.0) (1,351.9) (201.7) (2,040.4) (201.9) (2,805.2) (341.6) (345.0) (233.9) (552.2)
Net Income 984.9 974.2 907.3 1,244.5 1,268.6 558.5 1,107.1 823.1 581.2 584.1 614.4 605.5 408.9 193.8 393.5 11.4 (192.0) (1,321.1) (178.4) (1,958.0) (197.0) (2,775.6) (334.3) (297.3) (180.5) (551.7)
EPS (Diluted) 0.96 0.91 0.80 24.00 1.20 0.53 20.00 0.79 0.60 0.56 0.60 0.60 0.40 0.20 0.37 0.01 -0.18 -1.23 -0.17 -1.81 -0.18 -2.55 -0.31 -0.27 -0.18 -0.54
Balance Sheet
Cash & Equivalents 6,724.9 6,140.3 5,740.1 4,399.2 8,235.1 5,810.3 4,592.3 5,135.4 7,045.4 6,770.9 6,735.7 7,071.0 6,820.4 5,137.3 4,955.4 4,811.9 4,324.0 4,284.3 3,703.2 10,140.9 (18,791.6) 10,060.4 2,705.5 (10,295.4) 3,983.7
Total Assets 44,641.4 44,350.3 44,097.6 42,600.1 42,420.3 41,287.1 40,612.6 39,598.3 39,516.4 39,347.6 38,953.8 38,383.0 36,620.9 36,696.3 36,732.4 35,577.7 33,846.8 34,398.4 34,794.5 34,485.8 0 25,133.4 15,639.6 0 16,958.4
Total Debt 25.6 35.4 44.9 52.1 56.6 65.1 74.8 83.2 85.9 84.5 57.4 61.5 70.8 80.5 99.8 107.1 119.4 9 0 0 0 0 0 0 500
Stockholders' Equity 39,778.7 40,056.7 39,240.6 39,218.5 38,250.0 37,676.7 36,385.9 35,695.9 34,882.7 35,604.5 35,376.1 35,063.0 33,778.2 33,657.2 33,716.7 32,807.7 31,401.5 31,455.4 32,352.9 32,354.2 23,052.2 23,051.8 13,997.7 14,553.7 14,553.3
Cash Flow
Operating Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
Capital Expenditure 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0