ZKH Group Limited

ZKHNYSEConsumer Cyclical● Active

$2.92

+$0.09(+3.18%)

Market Cap$473260746

P/E Ratio—

52W High$3.9

52W Low$2.2

Avg Volume185K

Open$2.84

Beta0.44

Free Cash Flow Financials Revenue

ZKH Group Limited (ZKH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ZKH · free cash flow · updated Jun 8, 2026

Core FCF metrics

ZKH · FCF · TTM · margin & CAGR

Free cash flow was −$43.0M for FY2025 (fiscal year ending 2025-12-31), down 129.5% year-over-year The FCF margin was -0.5%.

FY2025 Free Cash Flow−$43.0M▼ -129.5% YoY

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin-0.5%−$43.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ZKH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$8.5M(52M)−$43.0M▼ 129.5%-0.5%

FY2024$229.1M(83M)$146.0M▲ +123.4%1.7%

FY2023−$567.9M(56M)−$623.5M▼ 12.5%-7.2%

FY2022−$504.2M(50M)−$554.3M▲ +64.0%-6.7%

FY2021−$1.38B(158M)−$1.54B▼ 4861.7%-20.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ZKH · P/FCF · FCF yield · FCF per share

ZKH Group Limited (ZKH) reported negative free cash flow of −$0.04B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ZKH · cash flow statement · operating / investing / financing

For FY2025, ZKH Group Limited generated $8.5M in operating cash flow and spent 52M in capital expenditures, yielding −$43.0M in free cash flow.

Operating Activities

+$8.5M

Cash from core business operations

2025-12-31

Investing Activities

−$315.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$101.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($8.5M) − |CapEx| (52M) = FCF (−$43.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

ZKH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ZKH Group LimitedYOU

ZKH

−$43.0M-129.5%-0.5%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ZKH Group Limited (ZKH) reported free cash flow of −$43.0M for FY2025 (fiscal year ending 2025-12-31), down 129.5% year-over-year. The FCF margin was -0.5%.

Based on available data, ZKH Group Limited has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $146.0M in FY2024.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ZKH free cash flow · 8 questions

ZKH Group Limited free cash flow was −$43.0M for FY2025, down 129.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

ZKH free cash flowZKH FCFZKH FCF 2025ZKH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ZKH Group Limited · ZKH Group Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026