Full Truck Alliance annual operating margin
2021
2022
2023
2024
2025
Full Truck Alliance Operating Margin Growth & History (YMM)
Full Truck Alliance's operating margin was 33.20% for fiscal 2025.
View full Full Truck Alliance company overviewFull Truck Alliance annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 33.20% | +11.17 pp |
| 2024 | 2024-12-31 | 22.02% | +10.20 pp |
| 2023 | 2023-12-31 | 11.82% | +14.23 pp |
| 2022 | 2022-12-31 | −2.41% | +79.10 pp |
| 2021 | 2021-12-31 | −81.51% | — |
Full Truck Alliance operating margin trends
Between the periods ended 2021-12-31 and 2025-12-31, Full Truck Alliance's operating margin increased from −81.51% to 33.20%, a change of +114.71 percentage points.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Full Truck Alliance source filings ↗