Zim Integrated Shipping Serv Financials

ZIM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Zim Integrated Shipping Serv (ZIM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ZIM FY2025 2026-04-22

Cash generation is outlasting earnings volatility as depreciation-heavy assets and debt-funded operations shape the business.

FY2025 operating cash flow was $2.3B even though net income fell to $482M. That gap widened versus FY2024 because depreciation stayed large at $1.3B and receivables shrank, so this asset-heavy business produced cash more reliably than accounting profit and cushioned a weaker earnings year.

Current liquidity recovered from the near-1.0x level seen in FY2023 to a 1.2x current ratio in FY2025, which suggests day-to-day obligations are no longer pressing against the balance sheet. But cash of $1.1B remains modest beside long-term debt of $4.6B, so staying comfortable still depends on continued internal cash generation rather than a large reserve.

The rebound from the FY2023 loss did not restore the unusually rich economics of FY2024: net margin compressed to 7.0% in FY2025 after reaching 25.6% a year earlier. With interest expense at $466M and net income at $482M, much of the year's profit was effectively absorbed by financing costs instead of rebuilding equity.

Financial Health Signals

Financial Profile 28/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Zim Integrated Shipping Serv's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Zim Integrated Shipping Serv's revenue declined 18.1% year-over-year, from $8.4B to $6.9B. This contraction results in a growth score of 59/100.

Leverage

Zim Integrated Shipping Serv carries a low D/E ratio of 1.13, meaning only $1.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Zim Integrated Shipping Serv's current ratio of 1.23 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Zim Integrated Shipping Serv generates a 12.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is down from 53.3% the prior year.

Piotroski F-Score Weak

3/9

Zim Integrated Shipping Serv passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

4.78x

For every $1 of reported earnings, Zim Integrated Shipping Serv generates $4.78 in operating cash flow ($2.3B OCF vs $481.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.9B

YoY-18.1%

5Y CAGR+11.6%

Zim Integrated Shipping Serv generated $6.9B in revenue in fiscal year 2025. This represents a decrease of 18.1% from the prior year.

EBITDA

N/A

Net Income

$481.5M

YoY-77.6%

5Y CAGR-1.7%

Zim Integrated Shipping Serv reported $481.5M in net income in fiscal year 2025. This represents a decrease of 77.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.1B

YoY-20.0%

5Y CAGR+13.0%

Zim Integrated Shipping Serv held $1.1B in cash against $4.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

120M

YoY+0.0%

Zim Integrated Shipping Serv had 120M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

7.0%

YoY-18.6pp

5Y CAGR-6.2pp

Zim Integrated Shipping Serv's net profit margin was 7.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.6 percentage points from the prior year.

Return on Equity

12.0%

YoY-41.3pp

5Y CAGR-179.0pp

Zim Integrated Shipping Serv's ROE was 12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 41.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ZIM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.9B-18.1%	$8.4B+63.3%	$5.2B-58.9%	$12.6B+17.1%	$10.7B+168.8%	$4.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$465.5M+1.5%	$458.8M+24.0%	$370.0M+79.6%	$206.0M+47.6%	$139.6M+36.2%	$102.5M
Income Tax	$177.0M+245.7%	$51.2M+140.1%	-$127.6M-109.1%	$1.4B+38.4%	$1.0B+5986.7%	$16.6M
Net Income	$481.5M-77.6%	$2.2B+180.1%	-$2.7B-158.1%	$4.6B-0.4%	$4.6B+786.9%	$524.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ZIM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$11.0B-3.3%	$11.4B+36.5%	$8.3B-28.2%	$11.6B+18.1%	$9.8B+248.5%	$2.8B
Current Assets	$2.6B-19.3%	$3.3B+26.8%	$2.6B-39.8%	$4.3B-16.0%	$5.1B+323.2%	$1.2B
Cash & Equivalents	$1.1B-20.0%	$1.3B+42.7%	$921.5M-9.8%	$1.0B-33.8%	$1.5B+170.6%	$570.4M
Inventory	$167.8M-20.9%	$212.2M+18.3%	$179.3M-6.0%	$190.7M+60.3%	$119.0M+127.8%	$52.2M
Accounts Receivable	$676.0M-27.6%	$933.6M+56.5%	$596.5M-27.8%	$825.7M-35.4%	$1.3B+145.8%	$520.0M
Goodwill	$109.4M-0.4%	$109.8M+7.6%	$102.0M+9.8%	$92.9M+25.9%	$73.8M+11.0%	$66.5M
Total Liabilities	$7.0B-5.0%	$7.3B+24.8%	$5.9B+2.8%	$5.7B+9.3%	$5.2B+105.6%	$2.5B
Current Liabilities	$2.1B-18.3%	$2.6B+3.7%	$2.5B-5.4%	$2.7B-3.4%	$2.8B+139.4%	$1.2B
Long-Term Debt	$4.6B-1.1%	$4.6B+41.8%	$3.2B+16.7%	$2.8B+27.5%	$2.2B+168.4%	$811.8M
Total Equity	$4.0B-0.4%	$4.0B+64.5%	$2.5B-58.3%	$5.9B+28.2%	$4.6B+1575.6%	$274.5M
Retained Earnings	$2.0B-1.7%	$2.0B+358.4%	$437.2M-88.8%	$3.9B+51.2%	$2.6B+269.4%	-$1.5B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$11.0B-3.3%	$11.4B+36.5%	$8.3B-28.2%	$11.6B+18.1%	$9.8B+248.5%	$2.8B+46.6%	$1.9B
Current Assets	$2.6B-19.3%	$3.3B+26.8%	$2.6B-39.8%	$4.3B-16.0%	$5.1B+323.2%	$1.2B+90.5%	$630.8M
Cash & Equivalents	$1.1B-20.0%	$1.3B+42.7%	$921.5M-9.8%	$1.0B-33.8%	$1.5B+170.6%	$570.4M+212.0%	$182.8M
Inventory	$167.8M-20.9%	$212.2M+18.3%	$179.3M-6.0%	$190.7M+60.3%	$119.0M+127.8%	$52.2M-13.4%	$60.3M
Accounts Receivable	$676.0M-27.6%	$933.6M+56.5%	$596.5M-27.8%	$825.7M-35.4%	$1.3B+145.8%	$520.0M+64.0%	$317.1M
Goodwill	$109.4M-0.4%	$109.8M+7.6%	$102.0M+9.8%	$92.9M+25.9%	$73.8M+11.0%	$66.5M+2.4%	$64.9M
Total Liabilities	$7.0B-5.0%	$7.3B+24.8%	$5.9B+2.8%	$5.7B+9.3%	$5.2B+105.6%	$2.5B+17.1%	$2.2B
Current Liabilities	$2.1B-18.3%	$2.6B+3.7%	$2.5B-5.4%	$2.7B-3.4%	$2.8B+139.4%	$1.2B+24.3%	$926.3M
Long-Term Debt	$4.6B-1.1%	$4.6B+41.8%	$3.2B+16.7%	$2.8B+27.5%	$2.2B+168.4%	$811.8M+26.5%	$641.8M
Total Equity	$4.0B-0.4%	$4.0B+64.5%	$2.5B-58.3%	$5.9B+28.2%	$4.6B+1575.6%	$274.5M+208.8%	-$252.2M
Retained Earnings	$2.0B-1.7%	$2.0B+358.4%	$437.2M-88.8%	$3.9B+51.2%	$2.6B+269.4%	-$1.5B+25.4%	-$2.0B

ZIM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.3B-38.7%	$3.8B+267.9%	$1.0B-83.3%	$6.1B+2.3%	$6.0B+577.9%	$880.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$133.3M+40.3%	-$223.2M-112.6%	$1.8B+208.0%	-$1.6B+50.8%	-$3.3B-9397.4%	-$35.2M
Financing Cash Flow	-$2.4B+22.3%	-$3.1B-8.2%	-$2.9B+41.9%	-$5.0B-201.1%	-$1.7B-259.0%	-$460.4M
Dividends Paid	$515.6M-11.0%	$579.2M-24.7%	$769.2M-76.7%	$3.3B+515.8%	$536.4M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ZIM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	7.0%-18.6pp	25.6%+77.6pp	-52.1%-88.9pp	36.9%-6.5pp	43.3%+30.2pp	13.1%
Return on Equity	12.0%-41.3pp	53.3%+162.6pp	-109.3%-187.9pp	78.5%-22.6pp	101.1%-89.9pp	191.0%
Return on Assets	4.4%-14.5pp	18.9%+51.1pp	-32.2%-72.0pp	39.8%-7.4pp	47.2%+28.7pp	18.6%
Current Ratio	1.23-0.0	1.25+0.2	1.02-0.6	1.60-0.2	1.84+0.8	1.04
Debt-to-Equity	1.130.0	1.14-0.2	1.32+0.8	0.470.0	0.47-2.5	2.96
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.23-0.0	1.25+0.2	1.02-0.6	1.60-0.2	1.84+0.8	1.04+0.4	0.68
Debt-to-Equity	1.130.0	1.14-0.2	1.32+0.8	0.470.0	0.47-2.5	2.96+5.5	-2.54
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Zim Integrated Shipping Serv's annual revenue?

Zim Integrated Shipping Serv (ZIM) reported $6.9B in total revenue for fiscal year 2025. This represents a -18.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Zim Integrated Shipping Serv's revenue growing?

Zim Integrated Shipping Serv (ZIM) revenue declined by 18.1% year-over-year, from $8.4B to $6.9B in fiscal year 2025.

Is Zim Integrated Shipping Serv profitable?

Yes, Zim Integrated Shipping Serv (ZIM) reported a net income of $481.5M in fiscal year 2025, with a net profit margin of 7.0%.

How much debt does Zim Integrated Shipping Serv have?

As of fiscal year 2025, Zim Integrated Shipping Serv (ZIM) had $1.1B in cash and equivalents against $4.6B in long-term debt.

What is Zim Integrated Shipping Serv's net profit margin?

Zim Integrated Shipping Serv (ZIM) had a net profit margin of 7.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Zim Integrated Shipping Serv's return on equity (ROE)?

Zim Integrated Shipping Serv (ZIM) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Zim Integrated Shipping Serv's operating cash flow?

Zim Integrated Shipping Serv (ZIM) generated $2.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Zim Integrated Shipping Serv's total assets?

Zim Integrated Shipping Serv (ZIM) had $11.0B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Zim Integrated Shipping Serv have outstanding?

Zim Integrated Shipping Serv (ZIM) had 120M shares outstanding as of fiscal year 2025.

What is Zim Integrated Shipping Serv's current ratio?

Zim Integrated Shipping Serv (ZIM) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.

What is Zim Integrated Shipping Serv's debt-to-equity ratio?

Zim Integrated Shipping Serv (ZIM) had a debt-to-equity ratio of 1.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Zim Integrated Shipping Serv's return on assets (ROA)?

Zim Integrated Shipping Serv (ZIM) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Zim Integrated Shipping Serv's Piotroski F-Score?

Zim Integrated Shipping Serv (ZIM) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Zim Integrated Shipping Serv's earnings high quality?

Zim Integrated Shipping Serv (ZIM) has an earnings quality ratio of 4.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Zim Integrated Shipping Serv?

Zim Integrated Shipping Serv (ZIM) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.