United Parcel Service, Inc vs ZTO Express (Cayman) Inc., two Trucking stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
United Parcel Service and ZTO Express are the two parcel networks in this group, one global and one Chinese, and they diverge on where the money sits. ZTO keeps the wider net margin, 18.49% against UPS's 5.94%, but UPS earns the far higher return on equity, 33.24% against 13.53%, on its established delivery franchise. ZTO trades cheaper on earnings, 13.71 times against 17.5, and at a lower book multiple, 1.87 against 5.82. UPS pays a 6.07% dividend where ZTO pays none, and its 4.91% free cash yield sits near ZTO's 5.37%. ZTO trades as an ADR, adding currency and governance risk. UPS runs larger at $91.9B against ZTO's $18.0B, one a global network, the other a Chinese domestic carrier.
Comparison updated 2026-07-11.
| Metric | UPS | ZTO |
|---|---|---|
| Price | $112.60 | $23.82 |
| Market cap | $95.7B | $19.6B |
| Sector | Trucking | Trucking |
| Stage | Mature | Growth |
| Implied growth (priced in) | +4.0% | — |
| P/E | 18.2 | 14.9 |
| P/B | 6.06 | 2.04 |
| P/S | 1.08 | 2.78 |
| EV/EBITDA | 8.0 | 9.9 |
| Revenue growth | -2.8% | +200.0% |
| Gross margin | — | 25.0% |
| Operating margin | 6.0% | 21.3% |
| Net margin | 5.9% | 18.5% |
| Return on equity | 33.2% | 13.5% |
| Return on assets | 7.3% | 10.0% |
| Return on invested capital | 34.9% | 10.6% |
| FCF yield | 4.7% | 4.9% |
| Dividend yield | 5.8% | — |
| Debt / equity | 0.04 | 0.16 |
| Current ratio | 1.21 | 1.49 |
| Altman Z (solvency) | 7.72 | 5.16 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.