Full Truck Alliance Co. Ltd. (YMM) Gross margin 2021–2025
Full Truck Alliance Co. Ltd. (YMM) gross margin by fiscal year — reported gross profit divided by reported revenue.
63.0%FY2025 · since FY2021: 45.5% → 63.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 63.0% | +8.4 pp |
| FY2024 | 54.6% | +3.4 pp |
| FY2023 | 51.2% | +3.4 pp |
| FY2022 | 47.8% | +2.3 pp |
| FY2021 | 45.5% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice