ZIM Integrated Shipping Services Ltd. (ZIM) Financials

ZIM

FY2025 annual

Revenue $6.9B -18.1% YoY

Net Income $481.5M -77.6% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow $2.3B -38.7% YoY

Market Cap $3.5B as of Oct 17, 2026

Price / Sales 0.5x on $6.9B revenue, FY2025

Price / Earnings 7.3x on $481.5M net income, FY2025

Price / Book 0.9x on $4.0B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 9, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Mar 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ZIM SEC filings page.

ZIM Integrated Shipping Services Ltd. (ZIM) reported $6.9B in revenue for fiscal year 2025, down 18.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Rhea AI ZIM FY2025 2026-10-04

ZIM’s results behave like a cycle-sensitive shipping business: earnings swing sharply, while debt remains a persistent financing feature.

Cash generation has consistently exceeded net income: operating cash flow was $3.8B against $2.2B of profit in FY2024, then $2.3B against $482M in FY2025. That gap indicates reported earnings are being helped by substantial noncash charges, but it also narrowed materially as profitability weakened.

Profitability is highly cyclical, not steadily compounding: net margin moved from 43.3% in FY2021 to -52.1% in FY2023, then recovered to 25.6% in FY2024 before falling to 7.0% in FY2025. The pattern suggests earnings are unusually sensitive to shipping-market conditions and revenue mix.

Leverage increased after the downturn: debt-to-equity rose from roughly 0.5x in FY2021–FY2022 to 1.1x in FY2025, while the current ratio was only 1.2x. ZIM therefore operates with less balance-sheet cushion than during its earlier profit period, even though liabilities did not expand materially from FY2024 to FY2025.

Financial Health Signals

Financial health score not available

ZIM Integrated Shipping Services Ltd. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/8

ZIM Integrated Shipping Services Ltd. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

4.78x

For every $1 of reported earnings, ZIM Integrated Shipping Services Ltd. generates $4.78 in operating cash flow ($2.3B OCF vs $481.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$1.1B

YoY-20.0%

QoQ-20.0%

ZIM Integrated Shipping Services Ltd. held $1.1B in cash against $4.6B in long-term debt as of Q4 2025.

Shares Outstanding

120M

YoY0.0%

QoQ0.0%

ZIM Integrated Shipping Services Ltd. had 120M shares outstanding in Q4 2025. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

ZIM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ZIM quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$6.9B-18.1%	$8.4B+63.3%	$5.2B-58.9%	$12.6B+17.1%	$10.7B+168.8%	$4.0B+21.0%	$3.3B+1.6%	$3.2B
Interest Expense	$475.1M+1.6%	$467.7M+22.8%	$380.8M+69.4%	$224.8M+33.1%	$168.9M+12.3%	$150.4M+2.0%	$147.4M+46.5%	$100.6M
Income Tax	$177.0M+245.7%	$51.2M+140.1%	-$127.6M-109.1%	$1.4B+38.4%	$1.0B+5986.7%	$16.6M+41.1%	$11.8M-16.7%	$14.1M
Net Income	$481.5M-77.6%	$2.2B+180.1%	-$2.7B-158.1%	$4.6B-0.4%	$4.6B+786.9%	$524.2M+4118.7%	-$13.0M+89.1%	-$119.9M
Diluted Shares (Avg)	121M0.0%	120M+0.2%	120M-0.2%	120M+1.3%	119M+13.8%	105M+4.5%	100M0.0%	100M

Metric	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

ZIM Balance Sheet

ZIM quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$11.0B-3.3%	$11.4B+36.5%	$8.3B-28.2%	$11.6B+18.1%	$9.8B+248.5%	$2.8B+46.6%	$1.9B	N/A
Current Assets	$2.6B-19.3%	$3.3B+26.8%	$2.6B-39.8%	$4.3B-16.0%	$5.1B+323.2%	$1.2B+90.5%	$630.8M	N/A
Cash & Equivalents	$1.1B-20.0%	$1.3B+42.7%	$921.5M-9.8%	$1.0B-33.8%	$1.5B+170.6%	$570.4M+212.0%	$182.8M-1.9%	$186.3M
Inventory	$167.8M-20.9%	$212.2M+18.3%	$179.3M-6.0%	$190.7M+60.3%	$119.0M+127.8%	$52.2M-13.4%	$60.3M	N/A
Accounts Receivable	$676.0M-27.6%	$933.6M+56.5%	$596.5M-27.8%	$825.7M-35.4%	$1.3B+145.8%	$520.0M+64.0%	$317.1M	N/A
Goodwill	$109.4M-0.4%	$109.8M+7.6%	$102.0M+9.8%	$92.9M+25.9%	$73.8M+11.0%	$66.5M+2.4%	$64.9M+0.4%	$64.6M
Total Liabilities	$7.0B-5.0%	$7.3B+24.8%	$5.9B+2.8%	$5.7B+9.3%	$5.2B+105.6%	$2.5B+17.1%	$2.2B	N/A
Current Liabilities	$2.1B-18.3%	$2.6B+3.7%	$2.5B-5.4%	$2.7B-3.4%	$2.8B+139.4%	$1.2B+24.3%	$926.3M	N/A
Non-Current Liabilities	$4.8B+2.4%	$4.7B+40.5%	$3.4B+9.9%	$3.1B+23.4%	$2.5B+77.8%	$1.4B+11.7%	$1.3B	N/A
Long-Term Debt	$4.6B-1.1%	$4.6B+41.8%	$3.2B+16.7%	$2.8B+27.5%	$2.2B+168.4%	$811.8M+26.5%	$641.8M	N/A
Total Equity	$4.0B-0.4%	$4.0B+64.5%	$2.5B-58.3%	$5.9B+28.2%	$4.6B+1575.6%	$274.5M+208.8%	-$252.2M-12.6%	-$224.0M
Retained Earnings	$2.0B-1.7%	$2.0B+358.4%	$437.2M-88.8%	$3.9B+51.2%	$2.6B+269.4%	-$1.5B+25.4%	-$2.0B	N/A

Metric	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Total Assets	$11.0B-3.3%	$11.4B+36.5%	$8.3B-28.2%	$11.6B+18.1%	$9.8B+248.5%	$2.8B+46.6%	$1.9B
Current Assets	$2.6B-19.3%	$3.3B+26.8%	$2.6B-39.8%	$4.3B-16.0%	$5.1B+323.2%	$1.2B+90.5%	$630.8M
Cash & Equivalents	$1.1B-20.0%	$1.3B+42.7%	$921.5M-9.8%	$1.0B-33.8%	$1.5B+170.6%	$570.4M+212.0%	$182.8M
Inventory	$167.8M-20.9%	$212.2M+18.3%	$179.3M-6.0%	$190.7M+60.3%	$119.0M+127.8%	$52.2M-13.4%	$60.3M
Accounts Receivable	$676.0M-27.6%	$933.6M+56.5%	$596.5M-27.8%	$825.7M-35.4%	$1.3B+145.8%	$520.0M+64.0%	$317.1M
Goodwill	$109.4M-0.4%	$109.8M+7.6%	$102.0M+9.8%	$92.9M+25.9%	$73.8M+11.0%	$66.5M+2.4%	$64.9M
Total Liabilities	$7.0B-5.0%	$7.3B+24.8%	$5.9B+2.8%	$5.7B+9.3%	$5.2B+105.6%	$2.5B+17.1%	$2.2B
Current Liabilities	$2.1B-18.3%	$2.6B+3.7%	$2.5B-5.4%	$2.7B-3.4%	$2.8B+139.4%	$1.2B+24.3%	$926.3M
Non-Current Liabilities	$4.8B+2.4%	$4.7B+40.5%	$3.4B+9.9%	$3.1B+23.4%	$2.5B+77.8%	$1.4B+11.7%	$1.3B
Long-Term Debt	$4.6B-1.1%	$4.6B+41.8%	$3.2B+16.7%	$2.8B+27.5%	$2.2B+168.4%	$811.8M+26.5%	$641.8M
Total Equity	$4.0B-0.4%	$4.0B+64.5%	$2.5B-58.3%	$5.9B+28.2%	$4.6B+1575.6%	$274.5M+208.8%	-$252.2M
Retained Earnings	$2.0B-1.7%	$2.0B+358.4%	$437.2M-88.8%	$3.9B+51.2%	$2.6B+269.4%	-$1.5B+25.4%	-$2.0B

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

ZIM Cash Flow Statement

ZIM quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$2.3B-38.7%	$3.8B+267.9%	$1.0B-83.3%	$6.1B+2.3%	$6.0B+577.9%	$880.8M+137.6%	$370.6M+64.7%	$225.0M
Depreciation & Amortization	$1.3B+12.6%	$1.1B-22.4%	$1.5B+5.4%	$1.4B+79.2%	$779.2M+148.1%	$314.1M+27.9%	$245.5M+120.1%	$111.6M
Investing Cash Flow	-$133.3M+40.3%	-$223.2M-112.6%	$1.8B+208.0%	-$1.6B+50.8%	-$3.3B-9397.4%	-$35.2M-192.6%	$38.0M-25.6%	$51.1M
Financing Cash Flow	-$2.4B+22.3%	-$3.1B-8.2%	-$2.9B+41.9%	-$5.0B-201.1%	-$1.7B-259.0%	-$460.4M-11.9%	-$411.4M-69.5%	-$242.7M
Dividends Paid	$515.6M-11.0%	$579.2M-24.7%	$769.2M-76.7%	$3.3B+515.8%	$536.4M	N/A	N/A	N/A

Metric	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

ZIM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ZIM quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Net Margin	7.0%-18.6pp	25.6%+77.6pp	-52.1%-88.9pp	36.9%-6.5pp	43.3%+30.2pp	13.1%+13.5pp	-0.4%+3.3pp	-3.7%
Return on Equity	12.0%-41.3pp	53.3%+162.6pp	-109.3%-187.9pp	78.5%-22.6pp	101.1%-89.9pp	191.0%	N/A	N/A
Return on Assets	4.4%-14.5pp	18.9%+51.1pp	-32.2%-72.0pp	39.8%-7.4pp	47.2%+28.7pp	18.6%+19.2pp	-0.7%	N/A
Current Ratio	1.230.0x	1.25+0.2x	1.02-0.6x	1.60-0.2x	1.84+0.8x	1.04+0.4x	0.68	N/A
Debt-to-Equity	1.130.0x	1.14-0.2x	1.32+0.8x	0.470.0x	0.47-2.5x	2.96	N/A	N/A
Asset Turnover	0.63-0.1x	0.74+0.1x	0.62-0.5x	1.080.0x	1.09-0.3x	1.41-0.3x	1.71	N/A

Metric	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Current Ratio	1.230.0x	1.25+0.2x	1.02-0.6x	1.60-0.2x	1.84+0.8x	1.04+0.4x	0.68
Debt-to-Equity	1.130.0x	1.14-0.2x	1.32+0.8x	0.470.0x	0.47-2.5x	2.96	N/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
ZIM Integrated Shipping Services Ltd. ZIM	FY2025	$6.9B	$481.5M	7.0%	$3.5B	—
Danaos Corporation DAC	FY2025	$1.0B	$494.6M	47.4%	$2.9B	65/100
Navios Maritime Partners L.P. NMM	FY2025	$1.3B	$285.3M	21.2%	$2.5B	37/100
Costamare Inc. CMRE	FY2025	$877.9M	$364.6M	41.5%	$1.7B	51/100
Capital Clean Energy Carriers Corp. CCEC	FY2025	N/A	$170.8M	N/A	$1.2B	—

Where ZIM Integrated Shipping Services Ltd. Ranks

Frequently Asked Questions

What is ZIM Integrated Shipping Services Ltd.'s annual revenue?

ZIM Integrated Shipping Services Ltd. (ZIM) reported $6.9B in total revenue for fiscal year 2025. This represents a -18.1% 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 ZIM Integrated Shipping Services Ltd.'s revenue growing?

ZIM Integrated Shipping Services Ltd. (ZIM) revenue declined by 18.1% year-over-year, from $8.4B to $6.9B in fiscal year 2025.

Is ZIM Integrated Shipping Services Ltd. profitable?

Yes, ZIM Integrated Shipping Services Ltd. (ZIM) reported a net income of $481.5M in fiscal year 2025, with a net profit margin of 7.0%.

How much debt does ZIM Integrated Shipping Services Ltd. have?

As of fiscal year 2025, ZIM Integrated Shipping Services Ltd. (ZIM) had $1.1B in cash and equivalents against $4.6B in long-term debt.

What is ZIM Integrated Shipping Services Ltd.'s net profit margin?

ZIM Integrated Shipping Services Ltd. (ZIM) had a net profit margin of 7.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is ZIM Integrated Shipping Services Ltd.'s return on equity (ROE)?

ZIM Integrated Shipping Services Ltd. (ZIM) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is ZIM Integrated Shipping Services Ltd.'s operating cash flow?

ZIM Integrated Shipping Services Ltd. (ZIM) generated $2.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ZIM Integrated Shipping Services Ltd.'s total assets?

ZIM Integrated Shipping Services Ltd. (ZIM) had $11.0B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does ZIM Integrated Shipping Services Ltd. have outstanding?

ZIM Integrated Shipping Services Ltd. (ZIM) had 120M shares outstanding as of fiscal year 2025.

What is ZIM Integrated Shipping Services Ltd.'s current ratio?

ZIM Integrated Shipping Services Ltd. (ZIM) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.

What is ZIM Integrated Shipping Services Ltd.'s debt-to-equity ratio?

ZIM Integrated Shipping Services Ltd. (ZIM) had a debt-to-equity ratio of 1.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ZIM Integrated Shipping Services Ltd.'s return on assets (ROA)?

ZIM Integrated Shipping Services Ltd. (ZIM) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ZIM Integrated Shipping Services Ltd.'s P/E ratio?

ZIM Integrated Shipping Services Ltd. (ZIM) trades at 7.3x earnings, its market capitalization divided by net income of $481.5M net income, FY2025. The market capitalization is $3.5B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ZIM Integrated Shipping Services Ltd.'s price-to-sales ratio?

ZIM Integrated Shipping Services Ltd. (ZIM) trades at 0.5x sales, its market capitalization divided by revenue of $6.9B revenue, FY2025. The market capitalization is $3.5B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ZIM Integrated Shipping Services Ltd.'s Piotroski F-Score?

ZIM Integrated Shipping Services Ltd. (ZIM) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ZIM Integrated Shipping Services Ltd.'s earnings high quality?

ZIM Integrated Shipping Services Ltd. (ZIM) has an earnings quality ratio of 4.78x, considered cash-backed (high 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.