Full Truck Alliance Co. Ltd., along with its subsidiaries, operates a prominent digital logistics platform across the People's Republic of China. This ...
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Est. EPS $1.33 · Revenue $3.34B · 3 analysts
$1.81 per share
$1.81 per share
Est. EPS $1.19 · Revenue $3.02B · 2 analysts
EPS ¥1.29 · Revenue ¥3.37B
EPS ¥0.14 · Revenue ¥2.85B
EPS ¥0.59 · Revenue ¥12.49B
EPS ¥0.11 · Revenue ¥3.36B
EPS ¥0.17 · Revenue ¥3.24B
EPS ¥0.16 · Revenue ¥2.70B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $12.5B | +11.1% | +18.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $4.4B | +43.6% | +33.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +63.0% | +15.4% | +0.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +33.2% | +50.7% | +24.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +35.3% | +29.2% | +13.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $4.5B | +55.3% | +37.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +36.0% | +39.8% | +16.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.1% | -48.9% | -4.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 8.09x | -10.4% | +14.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $44.4B | +7.4% | +2.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.59 vs 4.41 | -86.6% | 1.29 vs 1.23 | +4.5% |
| Revenue Surprise | $12.5B vs $12.4B | +1.0% | $3.4B vs $3.1B | +7.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Mar 18, 2026 | Li Xinzhe | director | American Depositary Shares | — | 0 | — |
| Mar 18, 2026 | Li Xinzhe | director | American Depositary Shares | — | 0 | — |
| Mar 18, 2026 | Cai Simon Chong | officer: See Remarks | American Depositary Shares | — | 0 | — |
| Mar 18, 2026 | Cai Simon Chong | officer: See Remarks | American Depositary Shares | — | 0 | — |
| Mar 18, 2026 | Cai Simon Chong | officer: See Remarks | Stock Option (Right to Buy) | — | 8,000,000 | — |
Operator: Ladies and gentlemen, good day, and welcome to Full Truck Alliance's Second Quarter 2026 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mao Mao, Head of Investor Relations. Please go ahead. Mao Mao: Thank you, operator. Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the safe harbor from liability as established by the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's press release and discussion. A general discussion of the risk factors that could affect FTA's business and financial results is included in certain filings of the company with the SEC. The company does not undertake any obligation to update this forward-looking information, except as required by law. During today's call, management will also discuss certain non-GAAP financial measures for comparison purposes only. For a definition of non-GAAP financial results measures and the reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. Joining us today on the call from FTA's senior management side are Mr. Hui Zhang, our Founder, Chairman and CEO; and Mr. Simon Cai, our Chief Financial and Investment Officer. We will open the call to questions following a brief opening remarks from Mr. Zhang. As a reminder, the conference is being recorded. In addition, a webcast replay of this call will be available on FTA's Investor Relations website at ir.fulltruckalliance.com. I will now turn the call over to Founder, Chairman and CEO, Mr. Zhang. Please go ahead, sir. Hui Zhang: [Foreign Language] Mao Mao: [Interpreted] Hello, everyone. Thank you for joining us today for our second quarter 2026 earnings conference call. In the second quarter, despite a challenging market environment, our business delivered resilient growth with fulfilled orders reaching 68.5 million, up 12.7% year-over-year. Operationally, we remain focused on enhancing user experience and transaction efficiency. By broadening and strengthening transaction protection for both shippers and truckers, we significantly improved the satisfaction across both sides of the platform. Average shipper MAUs reached 3.57 million this quarter, up 12.8% year-over-year, while the number of active truckers fulfilling orders over the past [ 12 ] months continue to grow, further amplifying our nationwide network effect. Rising order density and trucker capacity lifted the fulfillment rate by 6.3 percentage points year-over-year to 47% with medium freight matching time further shortened. In terms of our new business initiatives, Qmove …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Guizhen Ma | Chief Cultural Officer, Vice President of Human Resource & Director | Female | 1982 | Active |
Hui Zhang | Founder, Chairman & Chief Executive Officer | Male | 1979 | Active |
Kai Shen | Chief Public Affairs & Risk Officer | Male | 1981 | Active |
Langbo Guo | President & Director | Male | 1972 | Active |
Mao Mao | Head of Investor Relations | — | — | Active |
Chong Cai | Chief Financing & Investment Officer | Male | 1983 | Active |
Investors with an interest in Technology Services stocks have likely encountered both Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) and Symbotic Inc. (SYM).
Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE: YMM - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the
Earnings Call Scheduled for 7:00 A.M. U.S. ET on August 19, 2026 GUIYANG, China, Aug. 5, 2026 /PRNewswire/ -- Full Truck Alliance Co. Ltd.
Investors looking for stocks in the Technology Services sector might want to consider either Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) or Symbotic Inc. (SYM).
Full Truck Alliance upgraded to BUY with an $11–$13/share target, implying 30–50% upside on 13x–15x forward P/E. YMM's platform cleanup and governance reforms have improved business sustainability, with negative sentiment largely priced in after consensus revenue downgrades. Q1 saw accelerating fulfilled orders (+14.3% y/y), rising shipper MAUs (+12.7% y/y), and a healthier revenue mix favoring high-margin transaction services.
