YMM
Full Truck Alliance Co. Ltd.
YMM lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover.
YMM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
YMM's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
YMM PE Valuation
YMM has no meaningful PE right now: it lost money over the past year.
YMM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for YMM, with profitability holding steady.
YMM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | $0.08 | +60% |
| Q1 2025 | $0.07 | +40% |
| Q4 2024 | $0.06 | +50% |
| Q3 2024 | $0.06 | +50% |
| Q2 2024 | $0.05 | +67% |
| Q1 2024 | $0.05 | +150% |
| Q4 2023 | $0.04 | +300% |
| Q3 2023 | $0.04 | +$0.06 |
YMM's earnings per share have climbed steadily: $0.08 over the past year, up 60% from the year before, and higher year over year for 11 quarters in a row.
YMM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $506M | +4.1% |
| Q1 2026 | $427.5M | +5.5% |
| Q4 2025 | $479.1M | +0.6% |
| Q3 2025 | $504M | +11% |
| Q2 2025 | $486.1M | +17% |
| Q1 2025 | $405.2M | +19% |
| Q4 2024 | $476.4M | +32% |
| Q3 2024 | $454.9M | +34% |
YMM's revenue has grown year over year every quarter since late 2020: $506M last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 44% | +8.7 points |
| Q1 2026 | 35% | -9.2 points |
| Q4 2025 | 32% | +5.9 points |
| Q3 2025 | 23% | -2 points |
| Q2 2025 | 35% | +15 points |
| Q1 2025 | 45% | +31 points |
| Q4 2024 | 26% | +16 points |
| Q3 2024 | 25% | +14 points |
YMM's operating margin was 44% last quarter, up 8.7 points from the same quarter a year ago, near the top of its range since 2019.
YMM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $322.7M | +$322.7M |
| Q1 2026 | $234.4M | +$234.4M |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
YMM's free cash flow has been positive every quarter since late 2022: $557M over the past year, against $0 the year before.
YMM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -3.2M shares |
| 1 year | -0.7% | -7M shares |
| 3 years | -2.5% | -26.7M shares |
| 5 years | -5.2% | -57.3M shares |
| Available history | -5.2% | -57.3M shares |
YMM has 1B diluted shares, down 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
YMM hasn't bought back shares in the past year.
YMM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -2.4x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
| Q3 2024 | -2.3x | Net Cash |
YMM has more cash than debt.
YMM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 41.8 | Neutral |
YMM's weekly RSI is 47 (neutral) and its Stochastic is 42 (neutral).
YMM PE vs Technology Sector
| Metric | YMM | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
YMM has no meaningful PE right now: it lost money over the past year.
YMM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.49 | 0% above |
| 20 week MA | $8.69 | 2.3% below |
| 50 week MA | $9.06 | 6.3% below |
| 100 week MA | $10.5 | 19% below |
| 200 week MA | $9.02 | 5.9% below |
YMM is in a downtrend: it's below all five of its weekly moving averages, and 5.9% below its 200-week average.
YMM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $19.7 | $8.30 | -58% |
| 2022 | $8.30 | $8.14 | -1.9% |
| 2023 | $8.14 | $7.01 | -14% |
| 2024 | $7.01 | $11.0 | +56% |
| 2025 | $11.0 | $11.2 | +1.8% |
| 2026 YTD | $11.2 | $8.49 | -24% |
YMM has finished lower in three of the last five years. It's down 24% so far in 2026.