Symbols / YMM Stock $8.55 -2.06% Full Truck Alliance Co. Ltd.

Technology • Software - Application • China • NYQ
YMM (Stock) Chart
O: — H: — L: — C: — V: —
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About

Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China and Hong Kong. The company offers freight matching services, such as freight listing and brokerage services; and transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, Intelligent Driving Related Services, and energy services. It also provides technology development and other services. Full Truck Alliance Co. Ltd. was founded in 2011 and is based in Guiyang, China.

Stock Fundamentals
Scroll to Statements
Market Cap 8.94B Enterprise Value 165.32B Income 4.41B Sales 12.49B Book/sh 5.65 Cash/sh 0.82
Dividend Yield 2.06% Payout 32.86% Employees 8251 IPO P/E 13.79 Forward P/E 10.19
PEG P/S 0.72 P/B 1.51 P/C EV/EBITDA 38.93 EV/Sales 13.24
Quick Ratio 6.29 Current Ratio 8.09 Debt/Eq 0.09 LT Debt/Eq EPS (ttm) 0.62 EPS next Y 0.84
EPS Growth 76.60% Revenue Growth 0.60% Earnings 2026-05-20 ROA 6.05% ROE 11.23% ROIC
Gross Margin 85.57% Oper. Margin 32.20% Profit Margin 35.29% Shs Outstand 932.51M Shs Float 15.51B Short Float 2.06%
Short Ratio 2.42 Short Interest 52W High 14.07 52W Low 8.04 Beta 0.28 Avg Volume 6.74M
Volume 3.23M Target Price $12.50 Recom Buy Prev Close $8.73 Price $8.55 Change -2.06%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.50
Mean price target
2. Current target
$8.55
Latest analyst target
3. DCF / Fair value
$61.52
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.55
Low
$8.05
High
$16.47
Mean
$12.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-12 down JP Morgan Neutral → Underweight $8
2025-11-19 main Barclays Equal-Weight → Equal-Weight $12
2025-05-22 main Citigroup Buy → Buy $16
2025-04-14 down JP Morgan Overweight → Neutral $10
2025-03-10 main Barclays Equal-Weight → Equal-Weight $13
2025-03-06 up JP Morgan Neutral → Overweight $18
2025-03-05 main Citigroup Buy → Buy $17
2024-12-11 down JP Morgan Overweight → Neutral $13
2024-12-10 main Citigroup Buy → Buy $15
2024-11-21 main Citigroup Buy → Buy $13
2024-08-23 main Barclays Equal-Weight → Equal-Weight $7
2024-05-24 main Barclays Equal-Weight → Equal-Weight $9
2024-03-11 main Barclays Equal-Weight → Equal-Weight $6
2023-12-06 init JP Morgan — → Overweight $10
2023-07-05 init Morgan Stanley — → Overweight $9
2023-02-09 init Barclays — → Equal-Weight $8
2022-12-01 init Jefferies — → Buy $11
2022-06-29 init Credit Suisse — → Outperform $12
2022-06-09 main Citigroup — → Buy $13
2021-08-26 init Citigroup — → Buy $20
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
12,489.86
+11.13%
11,238.64
+33.22%
8,436.16
+25.28%
6,733.64
Operating Revenue
12,489.86
+11.13%
11,238.64
+33.22%
8,436.16
+25.28%
6,733.64
Cost Of Revenue
4,618.80
-9.45%
5,100.56
+23.83%
4,119.02
+17.20%
3,514.55
Reconciled Cost Of Revenue
4,618.80
-9.45%
5,100.56
+23.83%
4,119.02
+17.20%
3,514.55
Gross Profit
7,871.06
+28.23%
6,138.08
+42.18%
4,317.14
+34.11%
3,219.09
Operating Expense
3,724.86
+1.69%
3,663.10
+10.34%
3,319.71
-1.82%
3,381.09
Research And Development
874.43
-0.63%
880.02
-7.04%
946.63
+3.55%
914.15
Selling General And Administration
2,457.53
-2.11%
2,510.53
+15.33%
2,176.87
-6.18%
2,320.20
Selling And Marketing Expense
1,747.76
+9.46%
1,596.76
+28.86%
1,239.19
+37.34%
902.27
General And Administrative Expense
709.77
-22.32%
913.76
-2.55%
937.68
-33.87%
1,417.93
Other Gand A
709.77
-22.32%
913.76
-2.55%
937.68
-33.87%
1,417.93
Other Operating Expenses
-52.45
-118.84%
-23.97
+37.56%
-38.39
+19.23%
-47.53
Total Expenses
8,343.66
-4.79%
8,763.66
+17.81%
7,438.73
+7.88%
6,895.65
Operating Income
4,146.20
+67.52%
2,474.98
+148.14%
997.43
+715.69%
-162.00
Total Operating Income As Reported
4,146.20
+67.52%
2,474.98
+148.14%
997.43
+715.69%
-162.00
EBITDA
4,246.21
+66.33%
2,552.91
+138.11%
1,072.17
+79.76%
596.45
Normalized EBITDA
4,052.68
+41.52%
2,863.76
+184.74%
1,005.76
+57.30%
639.38
Reconciled Depreciation
100.01
+28.34%
77.93
+4.26%
74.74
-15.40%
88.34
EBIT
4,146.20
+67.52%
2,474.98
+148.14%
997.43
+96.30%
508.11
Total Unusual Items
193.53
+162.26%
-310.86
-568.09%
66.41
+254.69%
-42.93
Total Unusual Items Excluding Goodwill
193.53
+162.26%
-310.86
-568.09%
66.41
+254.69%
-42.93
Special Income Charges
0.00
+100.00%
-352.74
0.00
0.00
Write Off
0.00
-100.00%
352.74
0.00
0.00
Net Income
4,408.17
+43.60%
3,069.85
+38.73%
2,212.89
+444.03%
406.76
Pretax Income
5,388.23
+60.23%
3,362.85
+44.09%
2,333.90
+359.49%
507.94
Net Non Operating Interest Income Expense
954.08
-11.12%
1,073.43
-5.99%
1,141.86
+136.17%
483.48
Interest Expense Non Operating
0.00
0.00
-100.00%
0.17
Net Interest Income
954.08
-11.12%
1,073.43
-5.99%
1,141.86
+136.17%
483.48
Interest Expense
0.00
0.00
-100.00%
0.17
Interest Income Non Operating
954.08
-11.12%
1,073.43
-5.99%
1,141.86
+136.09%
483.66
Interest Income
954.08
-11.12%
1,073.43
-5.99%
1,141.86
+136.09%
483.66
Other Income Expense
287.95
+255.18%
-185.57
-195.35%
194.61
+4.37%
186.45
Other Non Operating Income Expenses
109.23
-14.76%
128.15
-1.62%
130.26
-43.52%
230.63
Gain On Sale Of Security
193.53
+362.06%
41.88
-36.93%
66.41
+254.69%
-42.93
Tax Provision
929.16
+288.10%
239.41
+124.16%
106.80
+11.21%
96.03
Tax Rate For Calcs
0.00
+142.13%
0.00
+55.46%
0.00
-75.78%
0.00
Tax Effect Of Unusual Items
33.37
+250.75%
-22.13
-827.68%
3.04
+137.47%
-8.12
Net Income Including Noncontrolling Interests
4,459.08
+42.76%
3,123.44
+40.25%
2,227.09
+440.69%
411.90
Net Income From Continuing Operation Net Minority Interest
4,408.17
+43.60%
3,069.85
+38.73%
2,212.89
+444.03%
406.76
Net Income From Continuing And Discontinued Operation
4,408.17
+43.60%
3,069.85
+38.73%
2,212.89
+444.03%
406.76
Net Income Continuous Operations
4,459.08
+42.76%
3,123.44
+40.25%
2,227.09
+440.69%
411.90
Net Income Discontinuous Operations
0.00
Minority Interests
-50.91
+5.00%
-53.59
-277.25%
-14.21
-176.47%
-5.14
Normalized Income
4,248.00
+26.48%
3,358.57
+56.25%
2,149.52
+386.78%
441.57
Net Income Common Stockholders
4,408.17
+43.60%
3,069.85
+38.73%
2,212.89
+444.03%
406.76
Otherunder Preferred Stock Dividend
Diluted EPS
4.20
+40.00%
3.00
+50.00%
2.00
+400.00%
0.40
Basic EPS
4.20
+40.00%
3.00
+50.00%
2.00
+400.00%
0.40
Basic Average Shares
1,041.96
+0.08%
1,041.14
-1.37%
1,055.60
-1.89%
1,075.89
Diluted Average Shares
1,046.41
+0.12%
1,045.11
-1.23%
1,058.12
-1.93%
1,078.98
Diluted NI Availto Com Stockholders
4,407.64
+43.59%
3,069.64
+38.72%
2,212.86
+444.02%
406.76
Average Dilution Earnings
-0.53
-157.28%
-0.21
-795.65%
-0.02
0.00
Earnings From Equity Interest
-14.81
-417.79%
-2.86
-38.41%
-2.07
-65.89%
-1.25
Preferred Stock Dividends
Provision For Doubtful Accounts
445.35
+50.19%
296.53
+26.40%
234.60
+20.76%
194.27
Line Item Trend 2023-12-31
Total Assets
39,347.65
Current Assets
23,996.98
Cash Cash Equivalents And Short Term Investments
18,287.20
Cash And Cash Equivalents
6,770.90
Other Short Term Investments
11,516.30
Receivables
5,234.43
Accounts Receivable
23.42
Gross Accounts Receivable
27.80
Allowance For Doubtful Accounts Receivable
-4.38
Receivables Adjustments Allowances
-4.41
Other Receivables
1,409.06
Taxes Receivable
127.10
Accrued Interest Receivable
158.20
Loans Receivable
3,521.07
Prepaid Assets
291.41
Restricted Cash
115.51
Other Current Assets
68.42
Total Non Current Assets
15,350.67
Net PPE
355.28
Gross PPE
458.38
Accumulated Depreciation
-103.10
Properties
0.00
Buildings And Improvements
63.00
Machinery Furniture Equipment
70.94
Construction In Progress
114.88
Other Properties
134.87
Leases
74.70
Goodwill And Other Intangible Assets
3,574.73
Goodwill
3,124.83
Other Intangible Assets
449.90
Investments And Advances
11,075.74
Long Term Equity Investment
318.30
Other Investments
677.87
Non Current Accounts Receivable
184.83
Non Current Deferred Assets
149.08
Non Current Deferred Taxes Assets
149.08
Non Current Prepaid Assets
1.00
Other Non Current Assets
10.00
Total Liabilities Net Minority Interest
3,452.92
Current Liabilities
3,274.67
Payables And Accrued Expenses
1,576.21
Payables
1,314.72
Accounts Payable
25.22
Other Payable
349.97
Current Accrued Expenses
261.49
Total Tax Payable
939.53
Income Tax Payable
154.92
Current Debt And Capital Lease Obligation
37.76
Current Debt
Current Capital Lease Obligation
37.76
Current Deferred Liabilities
1,039.98
Other Current Liabilities
620.73
Total Non Current Liabilities Net Minority Interest
178.25
Long Term Debt And Capital Lease Obligation
46.71
Long Term Capital Lease Obligation
46.71
Non Current Deferred Liabilities
108.59
Non Current Deferred Taxes Liabilities
108.59
Other Non Current Liabilities
22.95
Preferred Securities Outside Stock Equity
Stockholders Equity
35,604.51
Common Stock Equity
35,604.51
Capital Stock
1.37
Common Stock
1.37
Share Issued
21,153.02
Ordinary Shares Number
20,899.18
Treasury Shares Number
253.84
Additional Paid In Capital
47,713.99
Retained Earnings
-14,400.60
Gains Losses Not Affecting Retained Earnings
2,897.87
Treasury Stock
608.12
Minority Interest
290.22
Other Equity Adjustments
2,897.87
Total Equity Gross Minority Interest
35,894.72
Total Capitalization
35,604.51
Working Capital
20,722.31
Invested Capital
35,604.51
Total Debt
84.47
Capital Lease Obligations
84.47
Net Tangible Assets
32,029.77
Tangible Book Value
32,029.77
Available For Sale Securities
9,248.61
Duefrom Related Parties Current
Dueto Related Parties Current
0.00
Held To Maturity Securities
830.97
Investmentin Financial Assets
10,079.58
Line Of Credit
Other Equity Interest
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
4,626.88
+55.78%
2,970.12
+30.86%
2,269.65
+14724.01%
-15.52
Cash Flow From Continuing Operating Activities
4,626.88
+55.78%
2,970.12
+30.86%
2,269.65
+14724.01%
-15.52
Net Income From Continuing Operations
4,459.08
+42.76%
3,123.44
+40.25%
2,227.09
+440.69%
411.90
Depreciation Amortization Depletion
100.01
+28.34%
77.93
+4.26%
74.74
-15.40%
88.34
Depreciation
19.46
+5.98%
18.36
+18.90%
15.44
-40.22%
25.83
Amortization Cash Flow
80.56
+35.23%
59.57
+0.45%
59.30
-5.14%
62.52
Depreciation And Amortization
100.01
+28.34%
77.93
+4.26%
74.74
-15.40%
88.34
Amortization Of Intangibles
80.56
+35.23%
59.57
+0.45%
59.30
-5.14%
62.52
Other Non Cash Items
39.06
+3.06%
37.90
+196.30%
12.79
+4.67%
12.22
Stock Based Compensation
281.56
-43.31%
496.64
+12.41%
441.83
-51.94%
919.25
Provisionand Write Offof Assets
443.01
+49.65%
296.02
+26.60%
233.83
+17.57%
198.88
Asset Impairment Charge
0.00
-100.00%
352.74
0.00
0.00
Operating Gains Losses
10.36
+175.14%
-13.79
-1281.58%
1.17
+112.48%
-9.35
Gain Loss On Investment Securities
-4.67
-308.40%
2.24
+158.13%
-3.85
-178.02%
4.94
Unrealized Gain Loss On Investment Securities
-116.16
-655.69%
20.90
+261.57%
-12.94
-120.41%
63.39
Net Foreign Currency Exchange Gain Loss
-0.34
+98.21%
-18.93
-980.64%
2.15
+114.28%
-15.05
Gain Loss On Sale Of PPE
0.55
+1433.33%
0.04
-95.52%
0.80
+266.25%
-0.48
Change In Working Capital
-590.04
+58.50%
-1,421.66
-100.55%
-708.87
+58.31%
-1,700.16
Change In Receivables
-1,137.48
-17.11%
-971.29
+13.07%
-1,117.27
-7.03%
-1,043.91
Changes In Account Receivables
-52.99
-1490.37%
3.81
+137.95%
-10.04
-171.38%
14.07
Change In Prepaid Assets
1,247.95
+593.74%
-252.75
-254.83%
163.25
+117.31%
-943.21
Change In Payables And Accrued Expense
-326.96
-7.52%
-304.09
-167.20%
452.53
+78.10%
254.09
Change In Accrued Expense
5.59
+100.92%
-605.18
-304.71%
295.62
+86.82%
158.24
Change In Payable
-332.56
-210.45%
301.09
+91.89%
156.90
+63.69%
95.85
Change In Account Payable
2.80
-53.34%
6.01
+319.80%
-2.73
-91.39%
-1.43
Change In Other Working Capital
-174.68
-504.55%
43.18
+135.80%
-120.61
-243.12%
-35.15
Change In Other Current Assets
-218.05
-340.67%
90.60
+149.29%
-183.83
-9091.45%
-2.00
Change In Other Current Liabilities
19.17
+170.21%
-27.30
-128.13%
97.06
+38.62%
70.02
Investing Cash Flow
-2,717.36
-12.30%
-2,419.64
-536.96%
553.74
-74.02%
2,131.22
Cash Flow From Continuing Investing Activities
-2,717.36
-12.30%
-2,419.64
-536.96%
553.74
-74.02%
2,131.22
Net PPE Purchase And Sale
-129.61
-74.46%
-74.29
+24.92%
-98.94
-16.47%
-84.95
Purchase Of PPE
-129.71
-73.03%
-74.97
+25.29%
-100.34
-17.11%
-85.69
Sale Of PPE
0.10
-84.59%
0.68
-51.79%
1.40
+90.48%
0.73
Capital Expenditure
-129.71
-73.03%
-74.97
+25.29%
-100.34
-17.11%
-85.69
Net Investment Purchase And Sale
-2,610.40
-11.30%
-2,345.34
-459.34%
652.68
-71.51%
2,291.26
Purchase Of Investment
-19,103.60
-30.96%
-14,587.03
+30.35%
-20,942.04
+75.25%
-84,610.29
Sale Of Investment
16,493.20
+34.73%
12,241.69
-43.31%
21,594.72
-75.15%
86,901.54
Net Business Purchase And Sale
22.64
0.00
0.00
+100.00%
-75.08
Purchase Of Business
-127.82
0.00
0.00
+100.00%
-76.59
Gain Loss On Sale Of Business
-3.85
-538.23%
0.88
Net Other Investing Changes
-0.01
Financing Cash Flow
-1,655.95
-8.96%
-1,519.74
-30.23%
-1,167.00
+12.27%
-1,330.17
Cash Flow From Continuing Financing Activities
-1,655.95
-8.96%
-1,519.74
-30.23%
-1,167.00
+12.27%
-1,330.17
Net Issuance Payments Of Debt
0.00
0.00
+100.00%
-9.00
Issuance Of Debt
Repayment Of Debt
0.00
0.00
+100.00%
-9.00
Long Term Debt Payments
0.00
Net Long Term Debt Issuance
0.00
Short Term Debt Issuance
Short Term Debt Payments
0.00
0.00
+100.00%
-9.00
Net Short Term Debt Issuance
0.00
0.00
+100.00%
-9.00
Net Common Stock Issuance
-406.94
+29.26%
-575.27
+58.16%
-1,374.83
+1.26%
-1,392.38
Common Stock Payments
-406.94
+29.26%
-575.27
+58.16%
-1,374.83
+1.26%
-1,392.38
Common Stock Dividend Paid
-1,425.14
-33.92%
-1,064.15
0.00
0.00
Cash Dividends Paid
-1,425.14
-33.92%
-1,064.15
0.00
0.00
Repurchase Of Capital Stock
-406.94
+29.26%
-575.27
+58.16%
-1,374.83
+1.26%
-1,392.38
Proceeds From Stock Option Exercised
-13.39
-1338900.00%
0.00
+0.00%
0.00
-87.50%
0.01
Net Other Financing Charges
189.51
+58.34%
119.68
-42.41%
207.82
+191.92%
71.19
Changes In Cash
253.57
+126.16%
-969.26
-158.52%
1,656.38
+110.86%
785.53
Effect Of Exchange Rate Changes
-38.02
-260.24%
23.73
+25.19%
18.95
-73.65%
71.93
Beginning Cash Position
5,950.88
-13.71%
6,896.41
+32.09%
5,221.07
+19.65%
4,363.61
End Cash Position
6,166.43
+3.62%
5,950.88
-13.71%
6,896.41
+32.09%
5,221.07
Free Cash Flow
4,497.17
+55.33%
2,895.16
+33.46%
2,169.30
+2243.45%
-101.21
Interest Paid Supplemental Data
0.00
0.00
-100.00%
0.17
Income Tax Paid Supplemental Data
1,018.35
+836.62%
108.72
-12.83%
124.73
+12.89%
110.49
Change In Income Tax Payable
-335.36
-213.65%
295.08
+78.08%
165.70
+60.05%
103.53
Change In Tax Payable
-335.36
-213.65%
295.08
+78.08%
165.70
+60.05%
103.53
Common Stock Issuance
0.00
0.00
Earnings Losses From Equity Investments
14.81
+417.79%
2.86
+38.41%
2.07
+65.89%
1.25
Issuance Of Capital Stock
0.00
0.00
Net Preferred Stock Issuance
0.00
0.00
Preferred Stock Issuance
0.00
0.00
Sale Of Business
150.47
0.00
0.00
-100.00%
1.50
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