Full Truck Alliance Co Ltd Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Full Truck Alliance Co Ltd has an operating margin of 22.0%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 11.8% the prior year.
Full Truck Alliance Co Ltd's revenue surged 29.6% year-over-year to $1.5B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Full Truck Alliance Co Ltd carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.03, Full Truck Alliance Co Ltd holds $9.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Full Truck Alliance Co Ltd converts 25.8% of revenue into free cash flow ($396.6M). This strong cash generation earns a score of 100/100.
Full Truck Alliance Co Ltd's ROE of 8.3% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 6.3% the prior year.
Full Truck Alliance Co Ltd scores 14.57, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.9B) relative to total liabilities ($431.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Full Truck Alliance Co Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Full Truck Alliance Co Ltd generates $0.95 in operating cash flow ($406.9M OCF vs $427.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Full Truck Alliance Co Ltd (YMM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Full Truck Alliance Co Ltd generated $1.5B in revenue in fiscal year 2024. This represents an increase of 29.6% from the prior year.
Full Truck Alliance Co Ltd's EBITDA was $349.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 131.6% from the prior year.
Full Truck Alliance Co Ltd generated $396.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 29.8% from the prior year.
Full Truck Alliance Co Ltd reported $427.9M in net income in fiscal year 2024. This represents an increase of 36.4% from the prior year.
Full Truck Alliance Co Ltd earned $0.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.
Full Truck Alliance Co Ltd held $796.0M in cash against $0 in long-term debt as of fiscal year 2024.
Full Truck Alliance Co Ltd's gross margin was 54.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.
Full Truck Alliance Co Ltd's operating margin was 22.0% in fiscal year 2024, reflecting core business profitability. This is up 10.2 percentage points from the prior year.
Full Truck Alliance Co Ltd's net profit margin was 27.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.
Full Truck Alliance Co Ltd's ROE was 8.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.
Full Truck Alliance Co Ltd invested $120.6M in research and development in fiscal year 2024. This represents a decrease of 9.6% from the prior year.
Full Truck Alliance Co Ltd spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Full Truck Alliance Co Ltd invested $10.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 27.3% from the prior year.
YMM Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
YMM Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Total Assets | $5.7B+2.1% | $5.5B+4.2% | $5.3B-1.4% | $5.4B |
| Current Assets | $3.7B+10.5% | $3.4B-24.8% | $4.5B-0.9% | $4.5B |
| Cash & Equivalents | $796.0M-16.5% | $953.7M+28.0% | $744.8M+10.8% | $672.3M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.7M-18.4% | $3.3M+74.8% | $1.9M-58.7% | $4.6M |
| Goodwill | $428.1M-2.7% | $440.1M-2.9% | $453.1M-7.6% | $490.4M |
| Total Liabilities | $431.8M-11.2% | $486.3M+16.1% | $418.9M-7.0% | $450.3M |
| Current Liabilities | $413.7M-10.3% | $461.2M+16.5% | $396.1M-7.7% | $429.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $5.2B+2.9% | $5.0B+2.8% | $4.9B-1.4% | $4.9B |
| Retained Earnings | -$1.6B+23.2% | -$2.0B+15.8% | -$2.4B+9.8% | -$2.7B |
YMM Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
YMM Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 9.03+1.7 | 7.33-4.0 | 11.35+0.8 | 10.57 |
| Debt-to-Equity | 0.08-0.0 | 0.10+0.0 | 0.090.0 | 0.09 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Full Truck Alliance Co Ltd's annual revenue?
Full Truck Alliance Co Ltd (YMM) reported $1.5B in total revenue for fiscal year 2024. This represents a 29.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Full Truck Alliance Co Ltd's revenue growing?
Full Truck Alliance Co Ltd (YMM) revenue grew by 29.6% year-over-year, from $1.2B to $1.5B in fiscal year 2024.
Is Full Truck Alliance Co Ltd profitable?
Yes, Full Truck Alliance Co Ltd (YMM) reported a net income of $427.9M in fiscal year 2024, with a net profit margin of 27.8%.
What is Full Truck Alliance Co Ltd's earnings per share (EPS)?
Full Truck Alliance Co Ltd (YMM) reported diluted earnings per share of $0.02 for fiscal year 2024. This represents a 100.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Full Truck Alliance Co Ltd's EBITDA?
Full Truck Alliance Co Ltd (YMM) had EBITDA of $349.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Full Truck Alliance Co Ltd's gross margin?
Full Truck Alliance Co Ltd (YMM) had a gross margin of 54.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Full Truck Alliance Co Ltd's operating margin?
Full Truck Alliance Co Ltd (YMM) had an operating margin of 22.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Full Truck Alliance Co Ltd's net profit margin?
Full Truck Alliance Co Ltd (YMM) had a net profit margin of 27.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Full Truck Alliance Co Ltd's return on equity (ROE)?
Full Truck Alliance Co Ltd (YMM) has a return on equity of 8.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Full Truck Alliance Co Ltd's free cash flow?
Full Truck Alliance Co Ltd (YMM) generated $396.6M in free cash flow during fiscal year 2024. This represents a 29.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Full Truck Alliance Co Ltd's operating cash flow?
Full Truck Alliance Co Ltd (YMM) generated $406.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Full Truck Alliance Co Ltd's total assets?
Full Truck Alliance Co Ltd (YMM) had $5.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Full Truck Alliance Co Ltd's capital expenditures?
Full Truck Alliance Co Ltd (YMM) invested $10.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Full Truck Alliance Co Ltd spend on research and development?
Full Truck Alliance Co Ltd (YMM) invested $120.6M in research and development during fiscal year 2024.
What is Full Truck Alliance Co Ltd's current ratio?
Full Truck Alliance Co Ltd (YMM) had a current ratio of 9.03 as of fiscal year 2024, which is generally considered healthy.
What is Full Truck Alliance Co Ltd's debt-to-equity ratio?
Full Truck Alliance Co Ltd (YMM) had a debt-to-equity ratio of 0.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Full Truck Alliance Co Ltd's return on assets (ROA)?
Full Truck Alliance Co Ltd (YMM) had a return on assets of 7.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Full Truck Alliance Co Ltd's Altman Z-Score?
Full Truck Alliance Co Ltd (YMM) has an Altman Z-Score of 14.57, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Full Truck Alliance Co Ltd's Piotroski F-Score?
Full Truck Alliance Co Ltd (YMM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Full Truck Alliance Co Ltd's earnings high quality?
Full Truck Alliance Co Ltd (YMM) has an earnings quality ratio of 0.95x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Full Truck Alliance Co Ltd?
Full Truck Alliance Co Ltd (YMM) scores 89 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.