Full Truck Alliance Co. Ltd. (YMM)

NYSE: YMM · Services-Prepackaged Software · Nanjing, Jiangsu Province, CN · filing with the SEC since 2021

Full chart Alerts Compare

Grade6.1

◀ Past 7.1● Present 6.8▶ Future 4.9

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Full Truck Alliance Co. Ltd.

Nine metrics read from its own filings, by tense

Headline grade

6.1/10

◀ Past7.125% of the headline

● Present6.835% of the headline

▶ Future4.940% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Full Truck Alliance Co. Ltd.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.3/10

What has it actually done, year after year?

+31% a year over 7 filed years; profitable in 4 of 7.

weight 45% of this tense · 73rd percentile among 213 sector filers · read for its customers

From the record

Full Truck Alliance Co. Ltd.'s 7 filed years say what it did: revenue went from CNY 2.5 billion in fiscal 2019 to CNY 12 billion in fiscal 2025, up 31% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 4 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span31.0%top 26% of its family
the share of years revenue rosetop 27% of its family
the share of filed years with a profittop 27% of its family
the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

6.8/10

How has it treated the people who own it?

Share count shrank 1.0% a year. 27% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 68th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Full Truck Alliance Co. Ltd.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 27% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-11-02 (their Form 4 filings).

What it rests on

the share count over the yearstop 16% of its family
cash returned against operating cash flowtop 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.8/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.5/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 9%: owes 9¢ per asset dollar.

weight 45% of this tense · 65th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Full Truck Alliance Co. Ltd. earned about 11 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 9 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 3% of its family
return on equitytop 28% of its family
gross profit against assetsbottom 20% of its family
the share count against the year beforetop 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

8.5/10

How strong is its position in its industry?

top 15% of 218 in its family; net margin 35.7%.

weight 33% of this tense · 85th percentile among 218 sector filers · read for its customers

From the record

Full Truck Alliance Co. Ltd.'s standing among 218 graded names in its industry family: revenue of CNY 12 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 35.7% ranks in the top 6%; revenue growth of 22.9% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

net margin35.7%top 6% of its family
three-year revenue growth22.9%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 157 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Full Truck Alliance Co. Ltd.'s leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.9/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.8/10

How much room does it have to grow?

bottom 48% of 216 in its family for room to expand.

weight 22% of this tense · 48th percentile among 216 sector filers · read for itself

From the record

Full Truck Alliance Co. Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of CNY 6.2 billion against no long-term debt tagged leaves 13.9% of its assets as net cash, bottom 50% of its family; cash from operations less capital spending is 36% of revenue (top 6%); a gross margin of 63% (bottom 38%); research spending of 7% of revenue (bottom 11%) (its annual report).

What it rests on

cash less debt against assets13.9%top 50% of its family
cash from operations less capital spending against revenue36.0%top 6% of its family
gross margin63.0%bottom 38% of its family
research spending against revenue7.0%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.6/10

What could actually drive growth from here?

bottom 46% of 213 in its family for growth drivers.

weight 45% of this tense · 46th percentile among 213 sector filers · read for its customers

From the record

Full Truck Alliance Co. Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.9% a year over the last three filed years against 31% over all 7, slowing (bottom 41% of its family); the newest year grew 11.1% (bottom 45%); research spending grew -1.5% a year (bottom 29%); capital spending grew 14.8% a year (top 30%) (its annual reports). Full Truck Alliance Co. Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-8.1 points a yearbottom 41% of its family
the newest year's revenue growth11.1%bottom 45% of its family
three-year growth of research spending-1.5%bottom 29% of its family
three-year growth of capital spending14.8%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

5.3/10

Did its newest year beat what its own record pointed to?

top 47% of 194 in its family for expectations against reality.

weight 33% of this tense · 53rd percentile among 194 sector filers · read for its shareholders

From the record

Full Truck Alliance Co. Ltd.'s newest year against its own record: revenue of CNY 12 billion in fiscal 2025 came in 14% below the CNY 15 billion its prior three years' pace pointed to (bottom 10% of its family); net income of CNY 4.5 billion against a prior three-year average of CNY 1.9 billion (top 16%); a net margin of 35.7% against 20.1% before (top 34%) (its annual reports).

What it rests on

revenue against the prior three years' pace-14.0%bottom 10% of its family
net income against the prior three years' average+132%top 16% of its family
net margin against its prior average+15.6 pointstop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton YMM · research, not advice