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.
| Profile Item | UAL | ZTO |
|---|---|---|
| Name | United Airlines Holdings, Inc. | ZTO Express (Cayman) Inc. ADR |
| Country/Region | United States | China |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Transportation | Transportation |
| GICS Industry | Passenger Airlines | Air Freight & Logistics |
| GICS Sub-Industry | Passenger Airlines | Air Freight & Logistics |
| Market Capitalization | 36.63 billion USD | 15.53 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | February 6, 2006 | October 27, 2016 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | UAL | ZTO |
|---|---|---|
| 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
Return Distribution
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.
| Metric | UAL | ZTO |
|---|---|---|
| Volatility (1Y, Annualized) | 48.88% | 24.57% |
| Beta (5Y) | 1.32 | -0.18 |
| Max Drawdown (5Y) | -49.19% | -49.55% |
| Avg. Volume (3M) | 4.24M | 2.26M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | UAL | ZTO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.37 | 0.28 |
| Sortino Ratio (1Y) | 0.59 | 0.40 |
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%
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%
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%
Profitability Metrics
| Metric | UAL | ZTO |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | UAL | ZTO |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | UAL | ZTO |
|---|---|---|
| Current Ratio (MRQ) | 0.75 | 1.67 |
| Debt / Equity (MRQ) | 1.93 | 0.35 |
| Net Debt / EBITDA | 2.79 | -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%
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%
Dividend Metrics
| Metric | UAL | ZTO |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | UAL | ZTO |
|---|---|---|
| P/E Ratio (TTM) | 10.32 | 11.37 |
| P/S Ratio (TTM) | 0.56 | 0.29 |
| P/B Ratio (MRQ) | 2.06 | 1.66 |
| Free Cash Flow Yield (TTM) | -1.57% | 41.42% |