UPS vs. ZTO: United Parcel Service vs. ZTO Express (Cayman) Stock Comparison
How do United Parcel Service (UPS) 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 Parcel Service (UPS) and ZTO Express (Cayman) (ZTO) are both classified in the Air Freight & Logistics sub-industry within the broader Air Freight & Logistics industry, placing them in the closest GICS peer bucket.
United Parcel Service (UPS) 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 | UPS | ZTO |
|---|---|---|
| Name | United Parcel Service, Inc. Class B Common Stock | ZTO Express (Cayman) Inc. ADR |
| Country/Region | United States | China |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Transportation | Transportation |
| GICS Industry | Air Freight & Logistics | Air Freight & Logistics |
| GICS Sub-Industry | Air Freight & Logistics | Air Freight & Logistics |
| Market Capitalization | 92.21 billion USD | 15.53 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 10, 1999 | October 27, 2016 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | UPS | ZTO |
|---|---|---|
| Total Return (1Y) | 23.57% | 11.22% |
| Total Return (3Y, Annualized) | -1.91% | -1.86% |
| Total Return (5Y, Annualized) | -7.66% | -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 Parcel Service (UPS) has a non-negative beta of 0.95.
| Metric | UPS | ZTO |
|---|---|---|
| Volatility (1Y, Annualized) | 29.76% | 24.57% |
| Beta (5Y) | 0.95 | -0.18 |
| Max Drawdown (5Y) | -57.92% | -49.55% |
| Avg. Volume (3M) | 4.77M | 2.26M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | UPS | ZTO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.65 | 0.28 |
| Sortino Ratio (1Y) | 0.89 | 0.40 |
Profitability
ROE (TTM)
United Parcel Service (UPS) at 28.65% sits in the top ROE quartile, while ZTO Express (Cayman) (ZTO) at 16.28% is closer to the peer norm — stronger capital efficiency for UPS.
UPS
Transportation industry group
28.65%
- Max
- 45.08%
- UPS
- 28.65%
- 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 Parcel Service (UPS) at 4.84% 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.
UPS
Transportation industry group
4.84%
- Max
- 50.36%
- Q3
- 21.18%
- Median
- 5.58%
- UPS
- 4.84%
- 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 Parcel Service (UPS) at 9.28% and ZTO Express (Cayman) (ZTO) at 22.19% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
UPS
Transportation industry group
9.28%
- Max
- 59.18%
- Q3
- 29.30%
- Median
- 11.50%
- UPS
- 9.28%
- 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 | UPS | ZTO |
|---|---|---|
| ROE (TTM) | 28.65% | 16.28% |
| ROA (TTM) | 7.23% | 7.38% |
| Net Margin (TTM) | 4.84% | 19.04% |
| Operating Margin (TTM) | 9.28% | 22.19% |
| Gross Margin (TTM) | 22.37% | 25.10% |
Growth
Revenue Growth
ZTO Express (Cayman) (ZTO) at 10.88% sits in the top revenue growth quartile, while United Parcel Service (UPS) at -2.65% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Both United Parcel Service (UPS) at -2.81% 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 | UPS | ZTO |
|---|---|---|
| Revenue Growth (YoY) | -2.65% | 10.88% |
| Revenue Growth (3Y CAGR) | -4.04% | 11.54% |
| EPS Growth (YoY) | -2.81% | 4.58% |
| EPS Growth (3Y CAGR) | -20.79% | 10.21% |
Financial Strength
Current Ratio (MRQ)
United Parcel Service (UPS) at 1.24 keeps current ratio within its industry’s typical mid-range, while ZTO Express (Cayman) (ZTO) at 1.67 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
UPS
Transportation industry group
1.24
- Max
- 2.58
- Q3
- 1.62
- UPS
- 1.24
- Median
- 1.16
- Q1
- 0.78
- 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 Parcel Service (UPS) at 2.03 uses more debt funding than most peers.
UPS
Transportation industry group
2.03
- Max
- 2.75
- UPS
- 2.03
- 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 | UPS | ZTO |
|---|---|---|
| Current Ratio (MRQ) | 1.24 | 1.67 |
| Debt / Equity (MRQ) | 2.03 | 0.35 |
| Net Debt / EBITDA | 1.94 | -0.62 |
Dividends
Dividend Yield (TTM)
Both United Parcel Service (UPS) at 5.91% and ZTO Express (Cayman) (ZTO) at 12.89% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.
UPS
Transportation industry group
5.91%
- UPS
- 5.91%
- Max
- 4.68%
- Q3
- 1.99%
- Median
- 0.74%
- 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 Parcel Service (UPS) reports payout ratio above 100% at 126.40%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile ZTO Express (Cayman) (ZTO) reports 38.36%, ranking against industry peers normally.
UPS
Transportation industry group
126.40%
- UPS
- 126.40%
- Max
- 100.89%
- Q3
- 41.68%
- Median
- 20.43%
- 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 | UPS | ZTO |
|---|---|---|
| Dividend Yield (TTM) | 5.91% | 12.89% |
| Dividend Payout Ratio (TTM) | 126.40% | 38.36% |
Valuation
P/E Ratio (TTM)
Both United Parcel Service (UPS) at 20.87 and ZTO Express (Cayman) (ZTO) at 11.37 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
UPS
Transportation industry group
20.87
- Max
- 46.76
- Q3
- 30.87
- UPS
- 20.87
- Median
- 20.58
- Q1
- 10.44
- 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 Parcel Service (UPS) at 1.01 prices around its industry’s middle — ZTO costs less per dollar of sales, though read it alongside growth and margins.
UPS
Transportation industry group
1.01
- Max
- 4.35
- Q3
- 2.07
- UPS
- 1.01
- Median
- 0.93
- 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)
ZTO Express (Cayman) (ZTO) at 1.66 is valued about in line with its industry on P/B ratio, while United Parcel Service (UPS) at 6.15 carries an above-peer premium to book — UPS is pricier on assets.
UPS
Transportation industry group
6.15
- Max
- 6.29
- UPS
- 6.15
- Q3
- 3.39
- 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 | UPS | ZTO |
|---|---|---|
| P/E Ratio (TTM) | 20.87 | 11.37 |
| P/S Ratio (TTM) | 1.01 | 0.29 |
| P/B Ratio (MRQ) | 6.15 | 1.66 |
| Free Cash Flow Yield (TTM) | 6.79% | 41.42% |