Zim Integrated Shipping Serv Financials

ZIM

FY2025 annual

Revenue $6.9B -18.1% YoY

Net Income $481.5M -77.6% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow Not reported for FY2025

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

Zim Integrated Shipping Serv (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 2026-08-30

ZIM’s dominant mechanic is cyclical earnings: revenue recovery still converts into less profit and cash than in FY2024.

Cash conversion remains stronger than accounting earnings: FY2025 operating cash flow was $2.3B versus $481.5M of net income, but both declined from FY2024’s $3.8B and $2.2B. The large gap is consistent with depreciation and working-capital effects materially shaping cash generation, rather than earnings alone explaining the result. Margin compression confirms the cycle: net margin fell from 25.6% to 7.0% as revenue declined from $8.4B to $6.9B.

Leverage did not materially unwind during the earnings rebound: debt-to-equity held near 1.1x in FY2025 and FY2024 after reaching 1.3x in FY2023. The current ratio of 1.2x indicates a narrower short-term asset cushion than the roughly 1.8x reported in FY2021.

Financing absorbed nearly all operating cash generation: FY2025 financing cash flow was -$2.4B against operating cash flow of $2.3B, so internally generated cash was largely directed toward financing activity rather than retained. Because capital expenditures and free cash flow are not reported, operating cash flow cannot show how much remained after fleet reinvestment.

Financial Health Signals

Financial health score not available

Zim Integrated Shipping Serv 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 Serv 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 Serv 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

Revenue

$6.9B

YoY-18.1%

5Y CAGR+11.6%

Zim Integrated Shipping Serv generated $6.9B in revenue in fiscal year 2025. This represents a decrease of 18.1% from the prior year.

Net Income

$481.5M

YoY-77.6%

5Y CAGR-1.7%

Zim Integrated Shipping Serv reported $481.5M in net income in fiscal year 2025. This represents a decrease of 77.6% from the prior year.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$1.1B

YoY-20.0%

5Y CAGR+13.0%

Zim Integrated Shipping Serv held $1.1B in cash against $4.6B in long-term debt as of fiscal year 2025.

Shares Outstanding

120M

YoY0.0%

Zim Integrated Shipping Serv had 120M shares outstanding in fiscal year 2025. That is unchanged from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

7.0%

YoY-18.6pp

5Y CAGR-6.2pp

Zim Integrated Shipping Serv's net profit margin was 7.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.6 percentage points from the prior year.

Return on Equity

12.0%

YoY-41.3pp

5Y CAGR-179.0pp

Zim Integrated Shipping Serv's ROE was 12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 41.3 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 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.

ZIM quarterly income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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	$465.5M+1.5%	$458.8M+24.0%	$370.0M+79.6%	$206.0M+47.6%	$139.6M+36.2%	$102.5M+5.0%	$97.6M+218.3%	-$82.5M
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

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19

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

ZIM Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ZIM quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
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	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
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
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

ZIM Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ZIM quarterly cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
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	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19

Not reported in any period shown, so not listed: Operating Cash Flow, 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.

ZIM quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
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, FCF Margin.

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Where Zim Integrated Shipping Serv Ranks

Frequently Asked Questions

What is Zim Integrated Shipping Serv's annual revenue?

Zim Integrated Shipping Serv (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 Serv's revenue growing?

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

Is Zim Integrated Shipping Serv profitable?

Yes, Zim Integrated Shipping Serv (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 Serv have?

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

What is Zim Integrated Shipping Serv's net profit margin?

Zim Integrated Shipping Serv (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 Serv's return on equity (ROE)?

Zim Integrated Shipping Serv (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 Serv's operating cash flow?

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

What are Zim Integrated Shipping Serv's total assets?

Zim Integrated Shipping Serv (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 Serv have outstanding?

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

What is Zim Integrated Shipping Serv's current ratio?

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

What is Zim Integrated Shipping Serv's debt-to-equity ratio?

Zim Integrated Shipping Serv (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 Serv's return on assets (ROA)?

Zim Integrated Shipping Serv (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 Serv's Piotroski F-Score?

Zim Integrated Shipping Serv (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 Serv's earnings high quality?

Zim Integrated Shipping Serv (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.