ZKH Class A ZKH Group Limited American Depositary Shares, each representing thirty-five (35) Class A Ordinary Shares
NYSE · Trading Companies & Distributors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 24, 2026
$2.74
· of 52w range
· above low
· to high
$1.9252w low
$3.9052w high
Market Cap
$15.24B
P/E
-137.0
EPS
$-0.02
Revenue
$8.99B
your badges
52W Range
$2–$4
Analyst Rating
BUY
Price Target
$4
P/E
-137.0
ROE
-4.6%
Net Profit Margin
-1.6%
Your badge strip is empty — pin a metric anywhere on this page.
ZKH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.74
Market Cap
$15.24B
P/E
-137.0
EPS
$-0.02
Revenue
$8.99B
ROE
-4.6%
Debt/Equity
0.1
52W Range
$2–$4
ZKH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$8.99B2021-12-31 → 2025-12-31
EPS$-0.022021-12-31 → 2025-12-31
Free Cash Flow$-44M2023-12-31 → 2025-12-31
Net margin-1.6%2023-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ZKH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -137.05Y avg ≈-93.4 | ≈-93.4 | · | · | |
| P/S | 1.75Y avg ≈5.0 | ≈5.0 | · | · | |
| P/B | 5.25Y avg ≈14.0 | ≈14.0 | · | · | |
| EV / EBITDA | -82.95Y avg ≈-152.2 | ≈-152.2 | · | · | |
| Price / FCF | -344.55Y avg ≈-159.5 | ≈-159.5 | · | · | |
| Price / Cash Flow | 1734.45Y avg ≈751.6 | ≈751.6 | · | · | |
| EV / Revenue | 1.55Y avg ≈4.8 | ≈4.8 | · | · | |
| EV / FCF | -309.05Y avg ≈-150.5 | ≈-150.5 | · | · | |
| Price / Tangible Book | 5.35Y avg ≈14.2 | ≈14.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ZKH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | -2.4%5Y avg ≈-3.6% | ≈-3.6% | · | · | |
| EBITDA Margin | -1.8%5Y avg ≈-2.9% | ≈-2.9% | · | · | |
| Pretax Margin | -1.6%5Y avg ≈-2.7% | ≈-2.7% | · | · | |
| Net Profit Margin | -1.6%5Y avg ≈-2.7% | ≈-2.7% | · | · | |
| ROA | -2.1%5Y avg ≈-3.4% | ≈-3.4% | · | · | |
| ROE | -4.6%5Y avg ≈19.2% | ≈19.2% | · | · | |
| ROIC | -6.7%5Y avg ≈-9.0% | ≈-9.0% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ZKH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.15Y avg ≈0.1 | ≈0.1 | · | · | |
| Current Ratio | 1.85Y avg ≈1.8 | ≈1.8 | · | · | |
| Quick Ratio | 1.55Y avg ≈1.5 | ≈1.5 | · | · | |
| Long-Term Debt / Equity | 0.0 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ZKH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.45Y avg ≈1.3 | ≈1.3 | · | · | |
| Inventory Turnover | 11.65Y avg ≈11.3 | ≈11.3 | · | · | |
| Receivables Turnover | 2.85Y avg ≈2.7 | ≈2.7 | · | · | |
| Revenue / Employee | ≈$3.1M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-508.5%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 21, 2026 | $0.27 | — | — |
| March 31, 2026 | May 21, 2026 | $0.00 | — | — |
| Sept. 30, 2025 | $-0.09 | $0.19 | -146.9% | |
| June 30, 2025 | $-0.23 | $-0.20 | -13.9% | |
| March 31, 2025 | $-0.31 | $-0.33 | 7.0% | |
| Sept. 30, 2024 | $-0.40 | $-0.02 | -1880.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $8.99B | $8.76B | $8.72B | $8.32B | |
| Cost of Revenue | $7.51B | $7.25B | $7.27B | $7.00B | |
| R&D Expense | $166M | $169M | $176M | $241M | |
| SG&A Expense | $576M | $647M | $535M | $612M | |
| Operating Income | $-213M | $-339M | $-399M | $-686M | |
| Interest Expense | · | · | $19M | $94M | |
| Other Non-op | $36M | $26M | $60M | $34M | |
| Pretax Income | $-139M | $-267M | $-305M | $-732M | |
| Income Tax | $689.0K | $1M | $195.0K | $-471.0K | |
| Net Income | $-140M | $-268M | $-304M | $-736M | |
| EPS (Basic) | $-0.02 | $-0.05 | $-0.63 | $-0.94 | |
| EPS (Diluted) | $-0.02 | $-0.05 | $-0.63 | $-0.94 | |
| Shares (Basic) | 5,686,064,402 | 5,736,262,553 | 1,528,540,765 | 1,325,036,140 | |
| Shares (Diluted) | 5,686,064,402 | 5,736,262,553 | 1,528,540,765 | 1,325,036,140 | |
| EBITDA | $-165M | $-284M | $-325M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.03B | $1.42B | $1.09B | $1.95B | |
| Short-term Investments | $825M | $544M | $874M | · | |
| Receivables | $3.26B | $3.09B | $3.64B | $3.07B | |
| Inventory | $670M | $625M | $669M | $656M | |
| Prepaid Expense | $180M | $179M | $168M | $244M | |
| Other Current Assets | $26M | $22M | $36M | $135M | |
| Current Assets | $6.14B | $6.19B | $6.95B | $6.28B | |
| PP&E (Net) | $186M | $184M | $145M | $167M | |
| PP&E (Gross) | $410M | $391M | $327M | $309M | |
| Accum. Depreciation | $224M | $208M | $182M | $142M | |
| Goodwill | $31M | $31M | $31M | $31M | |
| Intangibles | $22M | $16M | $20M | $24M | |
| Total Assets | $6.53B | $6.61B | $7.39B | $6.81B | |
| Accounts Payable | $2.72B | $2.55B | $2.88B | $2.56B | |
| Short-term Debt | $240M | $311M | $585M | $250M | |
| Current Liabilities | $3.43B | $3.34B | $4.03B | $3.48B | |
| Capital Leases | $92M | $109M | $147M | $214M | |
| Other Non-current Liabilities | $28M | $25M | $507.0K | $782.0K | |
| Total Liabilities | $3.59B | $3.51B | $4.18B | $3.70B | |
| Long-term Debt | $45M | $40M | · | · | |
| Total Debt | $285M | $351M | $585M | · | |
| Common Stock | $4.0K | $4.0K | $4.0K | $1.0K | |
| Retained Earnings | $-5.32B | $-5.18B | $-4.91B | $-4.02B | |
| Treasury Stock | $82M | $41M | · | · | |
| AOCI | $-37M | $5M | $-25M | $-52M | |
| Stockholders' Equity | $2.94B | $3.10B | $3.21B | $-4.07B | |
| Liabilities + Equity | $6.53B | $6.61B | $7.39B | $6.81B | |
| Shares Outstanding | 5,563,528,436 | 5,601,860,619 | 5,621,490,964 | 1,218,621,800 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $48M | $55M | $73M | $76M | |
| Stock-based Comp | $54M | $109M | $17M | $32M | |
| Amort. of Intangibles | $7M | $8M | $9M | $8M | |
| Other Non-cash | $46M | $334M | $-354M | · | |
| Operating Cash Flow | $9M | $229M | $-568M | $-504M | |
| CapEx | $53M | $79M | $50M | $37M | |
| Investing Cash Flow | $-324M | $276M | $-908M | $-37M | |
| Debt Issued | $5M | $40M | · | · | |
| Net Debt Issued | $5M | $40M | · | · | |
| Stock Repurchased | $41M | $41M | · | · | |
| Net Stock Activity | $-41M | $-41M | · | · | |
| Financing Cash Flow | $-104M | $-254M | $716M | $1.30B | |
| Net Change in Cash | $-424M | $267M | $-755M | $879M | |
| Taxes Paid | $569.0K | $842.0K | $154.0K | $1M | |
| Free Cash Flow | $-44M | $150M | $-618M | · | |
| Levered FCF | · | · | $-638M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Margin | -2.4% | -3.9% | -4.6% | · | |
| Net Margin | -1.6% | -3.1% | -3.5% | · | |
| Pretax Margin | -1.6% | -3.0% | -3.5% | · | |
| EBITDA Margin | -1.8% | -3.2% | -3.7% | · | |
| ROA | -2.1% | -3.8% | -4.3% | · | |
| ROE | -4.6% | -8.5% | 70.8% | · | |
| ROIC | -6.7% | -9.9% | -10.5% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.9 | 1.7 | · | |
| Quick Ratio | 1.5 | 1.5 | 1.4 | · | |
| Debt / Equity | 0.1 | 0.1 | 0.2 | · | |
| LT Debt / Equity | 0.0 | 0.0 | · | · | |
| Interest Coverage | · | · | -20.6 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.3 | 1.2 | · | |
| Inventory Turnover | 11.6 | 11.2 | 11.0 | · | |
| Receivables Turnover | 2.8 | 2.6 | 2.6 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Book Value / Share | $0.53 | $0.55 | $0.57 | · | |
| Revenue / Share | $1.58 | $1.53 | $5.71 | · | |
| Cash Flow / Share | $0.00 | $0.04 | $-0.37 | · | |
| Cash / Share | $0.19 | $0.25 | $0.19 | · | |
| Dividend / Share | $0.00 | $0.00 | · | · | |
| EPS (TTM) | $-0.02 | $-0.05 | $-0.63 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $8.99B | $8.76B | $8.72B | · | |
| Net Income TTM | $-140M | $-268M | $-304M | · | |
| Market Cap | $20.47B | $19.86B | $91.69B | · | |
| Enterprise Value | $18.90B | $18.25B | $90.31B | · | |
| P/E | -184.0 | -70.2 | -25.9 | · | |
| P/S | 2.3 | 2.3 | 10.5 | · | |
| P/B | 7.0 | 6.4 | 28.6 | · | |
| P / Tangible Book | 7.1 | 6.5 | 29.0 | · | |
| P / Cash Flow | 2329.5 | 86.7 | -161.4 | · | |
| P / FCF | -462.6 | 132.5 | -148.3 | · | |
| EV / EBITDA | -114.6 | -64.2 | -277.6 | · | |
| EV / FCF | -427.1 | 121.7 | -146.0 | · | |
| EV / Revenue | 2.1 | 2.1 | 10.4 | · | |
| Earnings Yield | -0.54% | -1.4% | -3.9% | · |
No quarterly filings for ZKH
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $8.99B | $8.76B | $8.72B | $8.32B | $7.65B |
| Operating Margin % | -2.4% | -3.9% | -4.6% | · | · |
| Net Income | $-140M | $-268M | $-304M | $-736M | $-1.12B |
| Diluted EPS | $-0.02 | $-0.05 | $-0.63 | $-0.94 | $-1.20 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | 0.2 | · | · |
| Current Ratio | 1.8 | 1.9 | 1.7 | · | · |
| Quick Ratio | 1.5 | 1.5 | 1.4 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-44M | $150M | $-618M | · | · |
Institutional owners (13F) 24 filers · $50.8M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
24
Value held
$50.8M
New positions
8
Exited positions
2
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 8 (+5 vs prior Q) | 2 (-1 vs prior Q) | 7 (+3 vs prior Q) | 5 (0 vs prior Q) | +716K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| CANADA PENSION PLAN INVESTMENT BOARD | $23,997,846 | 10,618,516 | 47.27% | Shares |
| FIL Ltd | $19,353,573 | 8,563,528 | 38.12% | Shares |
| Boundless Plain Holdings Ltd | $5,419,433 | 2,397,979 | 10.67% | Shares |
| MARSHALL WACE, LLP | $737,823 | 326,472 | 1.45% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $301,484 | 133,400 | 0.59% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $225,275 | 99,679 | 0.44% | Shares |
| Invesco Ltd. | $155,822 | 68,948 | 0.31% | Shares |
| CITADEL ADVISORS LLC | $149,158 | 65,999 | 0.29% | Shares |
| Oasis Management Co Ltd. | $113,000 | 50,000 | 0.22% | Shares |
| MILLENNIUM MANAGEMENT LLC | $93,634 | 41,431 | 0.18% | Shares |
| GOLDMAN SACHS GROUP INC | $74,885 | 33,135 | 0.15% | Shares |
| Centiva Capital, LP | $43,516 | 19,255 | 0.09% | Shares |
| XTX Topco Ltd | $41,835 | 18,511 | 0.08% | Shares |
| JPMORGAN CHASE & CO | $30,506 | 13,804 | 0.06% | Shares |
| STATE STREET CORP | $24,390 | 10,792 | 0.05% | Shares |
| FMR LLC | $3,982 | 1,762 | 0.01% | Shares |
| UBS Group AG | $2,287 | 1,012 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $2,000 | 789 | 0.00% | Shares |
| Quarry LP | $1,403 | 621 | 0.00% | Shares |
| RHUMBLINE ADVISERS | $659 | 292 | 0.00% | Shares |
| MORGAN STANLEY | $185 | 82 | 0.00% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $135 | 62,153 | 0.00% | Shares |
| HRT FINANCIAL LP | $39 | 17,289 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $7 | 3 | 0.00% | Shares |
Company insiders 1 insider · 0 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Yunjie Han | Director | Sept. 11, 2026 S | 1,538,180 | 0 | 2 | $-796,953 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PGJ · Invesco Exchange-Traded Fund Trust | 0.23% | 69,292 SH | Oct. 2, 2026 | Daily |
ZKH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$4.34
+58.6%
1 12.5%
Strong Buy
6 75.0%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-09-29Mean target $4.29 +56.6%
← Below all targets
Current price $2.74
Low$3.71
Mean$4.29
High$4.81
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 20-F filed Apr 24, 2026