Capital expenditure · 2016–2025

ZTO Express (Cayman) capital expenditure

$746M+4.5% · FY2025

ZTO Express (Cayman) (ZTO) reported $746M in capital expenditure for fiscal 2025, +4.5% year on year.

$286M2016$395M2017$483M2018$666M2019$1.1B2020$1.3B2021$1.0B2022$920M2023$714M2024$746M2025
ZTO Express (Cayman) — Capital expenditure, 2016–2025
Fiscal yearCapital expenditureChangeFiling
FY20252025-12-31$746M+4.5%Open →
FY20242024-12-31$714M−22.4%Open →
FY20232023-12-31$920M−10.3%Open →
FY20222022-12-31$1.0B−21.9%Open →
FY20212021-12-31$1.3B+18.3%Open →
FY20202020-12-31$1.1B+66.6%Open →
FY20192019-12-31$666M+37.7%Open →
FY20182018-12-31$483M+22.3%Open →
FY20172017-12-31$395M+38.2%Open →
FY20162016-12-31$286M—Open →

Capital expenditure — Capital expenditure is the cash the company spent during the year on property, plant and equipment — factories, stores, servers, vehicles. It appears in the investing section of the cash-flow statement as an outflow and is shown here as a positive amount. Operating cash flow minus this figure is free cash flow.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2016–2025 compound annual growth +11.2%

Capital expenditure at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=ZTO Express (Cayman) capital expenditure |url=https://companiesranked.com/en/company/zto-express-cayman/capital-expenditure |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). ZTO Express (Cayman) capital expenditure. CompaniesRanked. https://companiesranked.com/en/company/zto-express-cayman/capital-expenditure

BibTeX

@misc{companiesranked-en-company-zto-express-cayman-capital-expenditure-2026,
  author       = {{CompaniesRanked}},
  title        = {{ZTO Express (Cayman) capital expenditure}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/zto-express-cayman/capital-expenditure}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001104659-26-044613 · April 17, 2026

{{cite web |title=ZTO Express (Cayman) capital expenditure — 20-F (0001104659-26-044613) |url=https://www.sec.gov/Archives/edgar/data/1677250/000110465926044613/zto-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-17}}

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