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UAL vs. ZTO: United Airlines vs. ZTO Express (Cayman) Stock Comparison

How do United Airlines (UAL) and ZTO Express (Cayman) (ZTO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

United Airlines (UAL) and ZTO Express (Cayman) (ZTO) both fall under the Transportation industry group, but UAL is classified in Passenger Airlines while ZTO is classified in Air Freight & Logistics.

United Airlines (UAL) trades as ordinary local shares, while ZTO Express (Cayman) (ZTO) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
Profile ItemUALZTO
NameUnited Airlines Holdings, Inc.ZTO Express (Cayman) Inc. ADR
Country/RegionUnited StatesChina
GICS SectorIndustrialsIndustrials
GICS Industry GroupTransportationTransportation
GICS IndustryPassenger AirlinesAir Freight & Logistics
GICS Sub-IndustryPassenger AirlinesAir Freight & Logistics
Market Capitalization36.63 billion USD15.53 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateFebruary 6, 2006October 27, 2016
Security TypeCommon StockADR

Price Performance

Cumulative Growth

UAL
ZTO
GSPC
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for United Airlines (UAL) and ZTO Express (Cayman) (ZTO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for United Airlines (UAL) and ZTO Express (Cayman) (ZTO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
Total Return (1Y)22.35%11.22%
Total Return (3Y, Annualized)47.27%-1.86%
Total Return (5Y, Annualized)17.68%-3.82%

Risk Profile

Drawdown History

UAL
ZTO
GSPC
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for United Airlines (UAL) and ZTO Express (Cayman) (ZTO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

ZTO Express (Cayman) (ZTO) reports a negative beta of -0.18, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. United Airlines (UAL) has a non-negative beta of 1.32.

Risk profile metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
Volatility (1Y, Annualized)48.88%24.57%
Beta (5Y)1.32-0.18
Max Drawdown (5Y)-49.19%-49.55%
Avg. Volume (3M)4.24M2.26M

Risk-Adjusted Performance

Risk-Return Positioning

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UAL and ZTO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
Sharpe Ratio (1Y)0.370.28
Sortino Ratio (1Y)0.590.40

Profitability

ROE (TTM)

United Airlines (UAL) at 22.31% sits in the top ROE quartile, while ZTO Express (Cayman) (ZTO) at 16.28% is closer to the peer norm — stronger capital efficiency for UAL.

UAL

Transportation industry group

22.31%

Max
45.08%
UAL
22.31%
Q3
22.02%
Median
13.94%
Q1
2.89%
Min
-10.45%

ZTO

Transportation industry group

16.28%

Max
45.08%
Q3
22.02%
ZTO
16.28%
Median
13.94%
Q1
2.89%
Min
-10.45%
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their ROE against the Transportation industry group benchmark.

Net Margin (TTM)

Both United Airlines (UAL) at 5.46% and ZTO Express (Cayman) (ZTO) at 19.04% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

UAL

Transportation industry group

5.46%

Max
50.36%
Q3
21.18%
Median
5.58%
UAL
5.46%
Q1
1.55%
Min
-11.37%

ZTO

Transportation industry group

19.04%

Max
50.36%
Q3
21.18%
ZTO
19.04%
Median
5.58%
Q1
1.55%
Min
-11.37%
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their net margin against the Transportation industry group benchmark.

Operating Margin (TTM)

Both United Airlines (UAL) at 7.03% and ZTO Express (Cayman) (ZTO) at 22.19% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

UAL

Transportation industry group

7.03%

Max
59.18%
Q3
29.30%
Median
11.50%
UAL
7.03%
Q1
4.62%
Min
-8.91%

ZTO

Transportation industry group

22.19%

Max
59.18%
Q3
29.30%
ZTO
22.19%
Median
11.50%
Q1
4.62%
Min
-8.91%
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their operating margin against the Transportation industry group benchmark.

Profitability Metrics

Profitability metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
ROE (TTM)22.31%16.28%
ROA (TTM)3.31%7.38%
Net Margin (TTM)5.46%19.04%
Operating Margin (TTM)7.03%22.19%
Gross Margin (TTM)30.87%25.10%

Growth

Revenue Growth

ZTO Express (Cayman) (ZTO) at 10.88% sits in the top revenue growth quartile, while United Airlines (UAL) at 3.52% is closer to the peer norm — faster top-line expansion for ZTO.

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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both United Airlines (UAL) at 7.94% and ZTO Express (Cayman) (ZTO) at 4.58% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
Revenue Growth (YoY)3.52%10.88%
Revenue Growth (3Y CAGR)9.53%11.54%
EPS Growth (YoY)7.94%4.58%
EPS Growth (3Y CAGR)66.00%10.21%

Financial Strength

Current Ratio (MRQ)

ZTO Express (Cayman) (ZTO) at 1.67 carries current ratio above its industry’s typical mid-range, while United Airlines (UAL) at 0.75 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

UAL

Transportation industry group

0.75

Max
2.58
Q3
1.62
Median
1.16
Q1
0.78
UAL
0.75
Min
0.22

ZTO

Transportation industry group

1.67

Max
2.58
ZTO
1.67
Q3
1.62
Median
1.16
Q1
0.78
Min
0.22
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their current ratio against the Transportation industry group benchmark.

Debt / Equity (MRQ)

ZTO Express (Cayman) (ZTO) at 0.35 carries an industry-typical debt-to-equity mix, while United Airlines (UAL) at 1.93 uses more debt funding than most peers.

UAL

Transportation industry group

1.93

Max
2.75
UAL
1.93
Q3
1.37
Median
0.78
Q1
0.35
Min
0.00

ZTO

Transportation industry group

0.35

Max
2.75
Q3
1.37
Median
0.78
ZTO
0.35
Q1
0.35
Min
0.00
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their debt-to-equity ratio against the Transportation industry group benchmark.

Financial Strength Metrics

Financial strength metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
Current Ratio (MRQ)0.751.67
Debt / Equity (MRQ)1.930.35
Net Debt / EBITDA2.79-0.62

Dividends

Dividend Yield (TTM)

United Airlines (UAL) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ZTO Express (Cayman) (ZTO) reports a yield of 12.89%, ranking against industry peers normally.

UAL

Transportation industry group

0.00%

Max
4.68%
Q3
1.99%
Median
0.74%
UAL
0.00%
Q1
0.00%
Min
0.00%

ZTO

Transportation industry group

12.89%

ZTO
12.89%
Max
4.68%
Q3
1.99%
Median
0.74%
Q1
0.00%
Min
0.00%
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their dividend yield against the Transportation industry group benchmark.

Dividend Payout Ratio (TTM)

United Airlines (UAL) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ZTO Express (Cayman) (ZTO) reports a payout of 38.36%, ranking against industry peers normally.

UAL

Transportation industry group

0.00%

Max
100.89%
Q3
41.68%
Median
20.43%
UAL
0.00%
Q1
0.00%
Min
0.00%

ZTO

Transportation industry group

38.36%

Max
100.89%
Q3
41.68%
ZTO
38.36%
Median
20.43%
Q1
0.00%
Min
0.00%
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their payout ratio against the Transportation industry group benchmark.

Dividend Metrics

Dividend metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
Dividend Yield (TTM)0.00%12.89%
Dividend Payout Ratio (TTM)0.00%38.36%

Valuation

P/E Ratio (TTM)

United Airlines (UAL) at 10.32 sits in the cheaper P/E ratio quartile, while ZTO Express (Cayman) (ZTO) at 11.37 is closer to its industry’s usual earnings multiple — a discount for UAL, though growth and earnings durability still matter.

UAL

Transportation industry group

10.32

Max
46.76
Q3
30.87
Median
20.58
Q1
10.44
UAL
10.32
Min
0.00

ZTO

Transportation industry group

11.37

Max
46.76
Q3
30.87
Median
20.58
ZTO
11.37
Q1
10.44
Min
0.00
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their P/E ratio against the Transportation industry group benchmark.

P/S Ratio (TTM)

ZTO Express (Cayman) (ZTO) at 0.29 sits in the cheaper P/S ratio quartile while United Airlines (UAL) at 0.56 prices around its industry’s middle — ZTO costs less per dollar of sales, though read it alongside growth and margins.

UAL

Transportation industry group

0.56

Max
4.35
Q3
2.07
Median
0.93
UAL
0.56
Q1
0.53
Min
0.04

ZTO

Transportation industry group

0.29

Max
4.35
Q3
2.07
Median
0.93
Q1
0.53
ZTO
0.29
Min
0.04
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their P/S ratio against the Transportation industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both United Airlines (UAL) at 2.06 and ZTO Express (Cayman) (ZTO) at 1.66 are valued close to their industries’ norm against book — neither stands out from peers.

UAL

Transportation industry group

2.06

Max
6.29
Q3
3.39
UAL
2.06
Median
1.90
Q1
1.03
Min
-2.07

ZTO

Transportation industry group

1.66

Max
6.29
Q3
3.39
Median
1.90
ZTO
1.66
Q1
1.03
Min
-2.07
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United Airlines (UAL) vs. ZTO Express (Cayman) (ZTO): A comparison of their P/B ratio against the Transportation industry group benchmark.

Valuation Metrics

Valuation metrics for United Airlines (UAL) and ZTO Express (Cayman) (ZTO)
MetricUALZTO
P/E Ratio (TTM)10.3211.37
P/S Ratio (TTM)0.560.29
P/B Ratio (MRQ)2.061.66
Free Cash Flow Yield (TTM)-1.57%41.42%