ZIM Integrated Shipping Services Ltd. (ZIM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.44	$0.73	-70.1%	—	$1.8B	—
Q1 26	-$0.34	-$0.62	-82.4%	—	$1.4B	—
Q4 25	-$0.62	-$0.42	+32.3%	—	$1.5B	—
Q3 25	$1.06	$1.03	-2.8%	—	$1.8B	—
Q2 25	$1.3	$0.19	-85.4%	—	$1.6B	—
Q1 25	$1.96	$2.44	+24.5%	—	$2B	—
Q4 24	$3.49	$4.66	+33.5%	—	$2.2B	—
Q3 24	$7.21	$9.34	+29.5%	—	$2.8B	—
Q2 24	$1.8	$3.08	+71.1%	—	$1.9B	—
Q1 24	$1.93	$0.75	-61.1%	—	$1.6B	—
Q4 23	-$1.19	-$1.19	0.0%	—	$1.2B	—
Q3 23	-$1.73	-$2.26	-30.6%	—	$1.3B	—
Q2 23	-$0.9	-$1.65	-83.3%	—	$1.3B	—
Q1 23	-$0.22	-$0.5	-127.3%	—	$1.4B	—
Q4 22	$3.05	$3.44	+12.8%	—	$2.2B	—
Q3 22	$9.47	$9.66	+2.0%	—	$3.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.98	—	—	$6.9B	—
FY24	—	$17.8	—	—	$8.4B	—
FY23	—	-$22.4	—	—	$5.2B	—
FY22	—	$38.5	—	—	$12.6B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3B	$3.2B	$3.3B	$4B	$10.7B	$12.6B	$5.2B	$8.4B	$6.9B
YoY change	—	+9.05%	+1.6%	+21%	+168.8%	+17.1%	-58.9%	+63.3%	-18.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3B	3.2B	3.3B	4B	10.7B	12.6B	5.2B	8.4B	6.9B
Cost of revenue	2.7B	3.1B	3B	3.1B	4.7B	6.1B	7.4B	5.6B	5.6B
Gross profit	281M	148.1M	263M	865M	6.1B	6.4B	-2.2B	2.8B	1.3B
Gross margin	9.43%	4.56%	7.97%	21.7%	56.5%	51.2%	-42.8%	33%	19.1%
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	121.7M	116.4M	120.4M	129.1M	229.7M	290.2M	233.5M	255.3M	274M
Operating expenses	134M	130.8M	129.9M	136.9M	240M	307M	256M	281.9M	305.4M
Operating income	136.3M	6.4M	114M	705.6M	5.8B	6.1B	-2.5B	2.5B	988.9M
Operating margin	4.58%	0.2%	3.45%	17.7%	54.1%	48.5%	-48.2%	29.5%	14.3%
Non-operating income, net	-10.6M	-14M	29.7M	-500K	21.4M	81.9M	-31.7M	63.2M	11.6M
Pretax income	25.6M	-105.7M	-1.3M	540.8M	5.7B	6B	-2.8B	2.2B	658.5M
Income tax	14.2M	14.1M	11.8M	16.6M	1B	1.4B	-127.6M	51.2M	177M
Net income	11.4M	-119.9M	-13M	524.2M	4.6B	4.6B	-2.7B	2.2B	481.5M
Net margin	0.38%	-3.69%	-0.4%	13.1%	43.3%	36.9%	-52.1%	25.6%	6.97%
EBITDA	254.3M	125.8M	366.7M	1B	6.6B	7.6B	-939M	3.7B	2.4B
EPS	0.06	-1.26	-0.18	4.41	40.3	38.5	-22.4	17.8	3.98
Diluted EPS	0.06	-1.26	-0.18	4.41	39	38.4	-22.4	17.8	3.98

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.3B	1.2B	1.6B	1.9B	2.8B	2.2B	2B	1.6B	1.8B	1.5B	1.4B	1.8B
Cost of revenue	3.5B	1.2B	1.3B	1.4B	1.5B	1.4B	1.5B	1.4B	1.4B	1.3B	1.3B	1.5B
Gross profit	-2.2B	5.2M	223.5M	524.2M	1.3B	731M	533.2M	220.8M	338.3M	228.6M	57.2M	255M
Gross margin	-171.9%	0.43%	14.3%	27.1%	47.2%	33.7%	26.6%	13.5%	19%	15.4%	4.1%	14.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	63.9M	24.1M	60.8M	73M	75.9M	45.6M	79M	84.2M	84.7M	26.1M	96.2M	107.5M
Operating expenses	85.7M	16.6M	54.8M	54M	69.7M	103.4M	66.5M	69.1M	74.8M	95M	70.9M	105.8M
Operating income	-2.3B	-33.4M	168.7M	470.2M	1.2B	615.3M	466.7M	151.7M	263.5M	107M	-13.7M	149.2M
Operating margin	-178.6%	-2.77%	10.8%	24.3%	44.7%	28.4%	23.3%	9.27%	14.8%	7.21%	-0.98%	8.38%
Non-operating income, net	-2.3M	-26.5M	-2.1M	-1.9M	-800K	68M	-2.4M	-2.5M	-4.1M	20.6M	-4.6M	-4.9M
Pretax income	-2.3B	-137.1M	96.3M	374.9M	1.1B	600.8M	380.5M	49.3M	172.3M	56.4M	-98.2M	60.7M
Income tax	-71.1M	9.5M	4.2M	2.1M	6.8M	38.1M	84.4M	25.6M	48.9M	18.1M	-11.9M	-3.4M
Net income	-2.3B	-146.6M	92.1M	372.8M	1.1B	562.7M	296.1M	23.7M	123.4M	38.3M	-86.3M	64.1M
Net margin	-178.4%	-12.2%	5.9%	19.3%	40.7%	26%	14.8%	1.45%	6.94%	2.58%	-6.18%	3.6%
EBITDA	-1.8B	144.3M	465.9M	768.8M	1.5B	1B	820.2M	502M	626.5M	471M	332M	490.4M
EPS	-18.9	—	0.75	3.08	9.34	4.66	2.45	0.19	1.02	0.32	-0.71	0.53
Diluted EPS	-18.9	—	0.75	3.08	9.34	4.66	2.45	0.19	1.02	0.32	-0.71	0.53

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	6.8B	2.1B	1.2B	2.6B	2.6B	3.4B
Enterprise value	—	—	—	—	6.4B	3.1B	4.4B	6.5B	6.5B	7.2B
Shares outstanding	100M	100M	100M	117.5M	115.1M	120M	120.2M	120.4M	120.5M	120.5M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	1.46	0.45	—	1.2	5.31	25.4
P/S	—	—	—	—	0.63	0.16	0.23	0.31	0.37	0.55
P/B	—	—	—	—	1.47	0.35	0.48	0.64	0.64	0.91
EV/EBITDA	—	—	—	—	0.97	0.42	-4.68	1.73	2.71	15.4
EV/Sales	—	—	—	—	0.6	0.25	0.85	0.77	0.94	1.12
Earnings yield	—	—	—	—	68.6%	224.4%	—	83.3%	18.8%	3.94%
FCF yield	—	—	—	—	73.3%	279.4%	76.2%	136.9%	81.4%	29%
PEG	—	—	—	—	—	—	—	—	—	0.14

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	9.43%	4.56%	7.97%	21.7%	56.5%	51.2%	-42.8%	33%	19.1%	14.3%
Operating margin	4.58%	0.2%	3.45%	17.7%	54.1%	48.5%	-48.2%	29.5%	14.3%	8.38%
Net margin	0.38%	-3.69%	-0.4%	13.1%	43.3%	36.9%	-52.1%	25.6%	6.97%	2.15%
ROE	—	53.5%	5.17%	191%	101.1%	78.5%	-109.4%	53.3%	12%	3.58%
ROA	—	-6.56%	-0.68%	18.6%	47.2%	39.8%	-32.2%	18.9%	4.37%	2.12%
ROIC	—	0.72%	10.9%	46.3%	112.6%	67.1%	-43.9%	30.6%	9.08%	4.88%
Return on tangible assets	—	-7.06%	-0.73%	19.5%	48%	40.5%	-33%	19.3%	4.46%	1.32%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	0.8	0.68	1.04	1.84	1.6	1.02	1.25	1.23	1.24
Quick ratio	—	0.72	0.62	1	1.8	1.53	0.95	1.17	1.15	1.15
Debt / equity	—	-6.12	-6.1	6.68	0.72	0.74	2.03	1.49	1.42	1.37
Debt / assets	—	0.75	0.8	0.65	0.34	0.37	0.6	0.53	0.52	0.5
Net debt / EBITDA	—	8.87	3.54	1.19	-0.06	0.14	-3.41	1.04	1.64	1.91
Interest coverage	1.25	-0.05	0.99	4.6	34.5	27.8	-6.39	5.71	2.39	1.43
Effective tax rate	55.6%	0%	0%	3.07%	17.9%	23.2%	0%	2.32%	26.9%	27%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	29.8	32.5	33	34	93.2	104.7	42.9	70	57.3	53.4
EPS (basic)	0.06	-1.26	-0.18	4.41	40.3	38.5	-22.4	17.8	3.98	3.98
EPS (diluted)	0.06	-1.26	-0.18	4.41	39	38.4	-22.4	17.8	3.98	1.15
Book value per share	—	-2.24	-2.52	2.34	40	49.1	20.4	33.6	33.4	32.2
FCF per share	2.01	2.02	3.54	7.13	43.1	48	7.52	29.4	17.3	12.5
Cash per share	—	2.55	2.42	5.36	32	27.1	14.9	17.6	14.8	13.6
Capex per share	0.25	0.23	0.29	0.06	0.09	0.4	0.23	0.16	1.81	1.81

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.83%	0.7%	0.87%	0.17%	0.1%	0.38%	0.53%	0.22%	3.15%	3.15%
Capex / operating cash flow	10.1%	11.4%	6.89%	0.8%	0.19%	0.6%	-3.65%	0.56%	9.47%	9.47%
Payout ratio	0%	0%	0%	0%	11.5%	71.4%	-28.6%	26.9%	107.1%	108.7%
Dividend yield	—	—	—	—	7.92%	160.1%	64.8%	22.4%	20.2%	6.15%

Yield

6.15%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.88

ex-dividend Mar 20, 2026

Payout ratio

109%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Mar 20, 2026	$0.88
Jun 2, 2025	$0.74
Mar 24, 2025	$3.17
Dec 2, 2024	$0.84
Aug 29, 2024	$0.93
Jun 4, 2024	$0.23
Apr 4, 2023	$6.40
Nov 28, 2022	$2.95

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.3B	$1.2B	$1.6B	$1.9B	$2.8B	$2.2B	$2B	$1.6B	$1.8B	$1.5B	$1.4B	$1.8B
YoY change	-60.6%	-44.9%	+13.7%	+47.6%	+117.2%	+79.8%	+28.5%	-15.4%	-35.7%	-31.5%	-30.4%	+8.86%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	254.9M	241.8M	629.4M	3.7B	3.3B	1.8B	2.1B	1.8B
Receivables	313.7M	263.7M	457.5M	1.2B	671.5M	404.9M	765.2M	501.8M
Inventory	70.5M	60.3M	52.2M	119M	190.7M	179.3M	212.2M	167.8M
Total current assets	746.6M	630.8M	1.2B	5.1B	4.3B	2.6B	3.3B	2.6B
Property, plant & equipment	48.9M	33.8M	-59.6M	175.4M	-961.5M	-4.1B	-4.6B	-5.2B
Goodwill & intangibles	129.3M	129.8M	132.9M	147.6M	185.8M	204M	219.6M	218.8M
Total assets	1.8B	1.9B	2.8B	9.8B	11.6B	8.3B	11.4B	11B
Accounts payable	377.8M	350.8M	305M	433.9M	427.2M	414.6M	508.3M	467.1M
Short-term debt	314.3M	355.6M	500.7M	1B	1.5B	1.7B	1.4B	1.1B
Total current liabilities	933M	926.3M	1.2B	2.8B	2.7B	2.5B	2.6B	2.1B
Long-term debt	1.1B	1.2B	1.3B	2.3B	2.9B	3.3B	4.6B	4.6B
Total liabilities	2.1B	2.2B	2.5B	5.2B	5.7B	5.9B	7.3B	7B
Shareholders' equity	-224M	-252.3M	274.5M	4.6B	5.9B	2.5B	4B	4B
Total debt	1.4B	1.5B	1.8B	3.3B	4.3B	5B	6B	5.7B
Net debt	1.2B	1.4B	1.3B	1.8B	3.3B	4.1B	4.7B	4.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.8B	1.8B	1.4B	1.6B	2.3B	2.1B	2.3B	1.8B	2B	1.8B	1.6B	1.6B
Receivables	644.3M	404.9M	868M	1B	1.1B	765.2M	760M	794.6M	650.1M	501.8M	720.9M	992.7M
Inventory	156.4M	179.3M	197.3M	187.7M	208.4M	212.2M	217.5M	199.3M	182M	167.8M	206.6M	223.1M
Total current assets	2.6B	2.6B	2.5B	2.8B	3.6B	3.3B	3.3B	2.8B	2.8B	2.6B	2.6B	2.9B
Property, plant & equipment	849.3M	-4.1B	910.6M	998.5M	1.1B	-4.6B	1.2B	1.2B	1.2B	-5.2B	1.2B	1.2B
Goodwill & intangibles	93.3M	204M	104.8M	105.7M	107.6M	219.6M	110.3M	109.9M	108.6M	218.8M	108.5M	108M
Total assets	8.2B	8.3B	8.9B	9.7B	11B	11.4B	11.5B	11.1B	10.9B	11B	10.6B	10.7B
Accounts payable	554.6M	414.6M	612.2M	610.3M	668.3M	508.3M	1.1B	641.7M	609.6M	467.1M	703.7M	714.4M
Short-term debt	1.7B	1.7B	1.6B	1.5B	1.5B	1.4B	1.3B	1.2B	1.2B	1.1B	1.1B	1.1B
Total current liabilities	2.5B	2.5B	2.6B	2.7B	2.7B	2.6B	2.8B	2.3B	2.1B	2.1B	2.1B	2.3B
Long-term debt	3B	3.3B	3.8B	4.1B	4.4B	4.6B	4.6B	4.7B	4.5B	4.6B	4.4B	4.2B
Total liabilities	5.6B	5.9B	6.4B	6.8B	7.1B	7.3B	7.5B	7.2B	6.9B	7B	6.7B	6.8B
Shareholders' equity	2.6B	2.5B	2.5B	2.9B	3.9B	4B	4B	3.9B	4B	4B	3.8B	3.9B
Total debt	4.7B	5B	5.4B	5.6B	5.8B	6B	5.9B	5.9B	5.7B	5.7B	5.5B	5.3B
Net debt	3.8B	4.1B	4.7B	4.7B	4.3B	4.7B	4.3B	4.7B	4.4B	4.7B	4.6B	4.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	11.4M	-119.9M	-13M	524.2M	4.6B	4.6B	-2.7B	2.2B	481.5M
Depreciation & amortization	108.4M	111.6M	245.5M	314.1M	779.2M	1.4B	1.5B	1.1B	1.3B
Stock-based compensation	—	—	—	—	—	—	—	—	—
Change in working capital	-6.7M	111.6M	17.4M	-198.6M	-826.7M	440.8M	270M	-350.4M	342.3M
Operating cash flow	244.3M	200M	415.9M	837.5M	5.8B	8B	-750.3M	3.4B	2.3B
Capital expenditure	-24.8M	22.8M	28.6M	6.7M	10.9M	48.1M	27.4M	18.7M	-217.7M
Investing cash flow	-93.5M	51.1M	38M	8.3M	-2.5B	-1.3B	1.9B	44.2M	-293.3M
Dividends paid	0	0	0	0	-536.4M	-3.3B	-769.2M	-579.2M	-515.6M
Share repurchases	—	—	—	—	—	—	—	—	—
Financing cash flow	-63.1M	-160.1M	-288.4M	-324.4M	-1.5B	-4.8B	-2.5B	-2.7B	-2B
Net change in cash	87.7M	91M	165.5M	521.4M	1.8B	2B	-1.4B	728.8M	47.2M
Free cash flow	201.4M	202.4M	354.5M	838.1M	5B	5.8B	904.3M	3.5B	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-2.3B	-146.6M	92.1M	372.8M	1.1B	562.7M	296.1M	23.7M	123.4M	38.3M	-86.3M	64.1M
Depreciation & amortization	423.8M	239.3M	260.6M	278M	295M	308.9M	315.9M	323.1M	332.8M	314.3M	318M	322M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	82.4M	-8.8M	-251M	-177.1M	-50.4M	128.1M	177.9M	-13.9M	175.7M	2.6M	-69M	-280.4M
Operating cash flow	-1.8B	181.6M	177.7M	570.7M	1.5B	1.1B	958.5M	441.3M	628.4M	375.1M	262.7M	394.6M
Capital expenditure	-10M	81.2M	-22.9M	1.7M	-43M	149.3M	-68.1M	-24.4M	—	—	—	-11.6M
Investing cash flow	-9.1M	561.5M	183.7M	122.8M	-37.5M	271.7M	-62.6M	132.1M	5.8M	-92.8M	4.3M	110.6M
Dividends paid	0	0	0	-27.7M	-111.9M	-439.6M	0	-471M	-7.2M	-37.4M	-106.1M	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-352.7M	-500.4M	-637.1M	-511.3M	-576.3M	-930.8M	-460.6M	-824.2M	-339.6M	-334.6M	-387.8M	-282.7M
Net change in cash	-2.1B	242.7M	-275.7M	182.2M	874.5M	454.6M	435.3M	-250.8M	294.6M	-52.3M	-120.8M	222.5M
Free cash flow	323.9M	121.7M	301.7M	710.4M	1.4B	1.1B	776.7M	416.9M	561.1M	327.1M	231.4M	383M

ZIM Integrated Shipping Services Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement