CompanyGraph
First Tractor Company Limited
0038 · HKEX · China
Price data from its FTP listing on XSTU, quoted in EUR
first-tractor.com.cnFinancials as of FY2025
At a glance
- Depends onMidstream position: 6 outgoing, 7 incoming connections
- ScaleMarket cap is $1.79B, above the global median of $1.18B
- PositionCurrent ratio is 0.95×, lower than 95% of its Farm & Heavy Construction Machinery peers (median 1.7×)
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
2.56%Below 5Y avg (4.39%)
Annual Rate
HKD 0.22Paid annual
Payout Ratio
35.7%Sustainable
Payback Period
4.2 yr
Last Ex-Dividend
Oct 2, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
14.06BHKD1.79B · vs all stocks (USD)
Trailing P/E
10.22xvs Farm & Heavy Construction Machinery peers
Revenue (TTM)
13.80BCNY1.76B · vs all stocks (USD)
Profit Margin
7.00%vs Farm & Heavy Construction Machinery peers
Beta
1.25xvs all stocks
52-Week Change
25.93%vs all stocks
Market Capitalization
14.06BHKD1.79B · vs all stocks (USD)
Enterprise Value
8.87BHKD1.13B · vs all stocks (USD)
Trailing P/E
10.22xvs Farm & Heavy Construction Machinery peers
Forward P/E
8.27xvs Farm & Heavy Construction Machinery peers
Price to Sales (TTM)
0.8384xvs Farm & Heavy Construction Machinery peers
Price to Book (MRQ)
1.03xvs Farm & Heavy Construction Machinery peers
Enterprise to Revenue
0.6430xvs Farm & Heavy Construction Machinery peers
Enterprise to EBITDA
7.35xvs Farm & Heavy Construction Machinery peers
Profit Margin
7.00%vs Farm & Heavy Construction Machinery peers
Operating Margin
8.82%vs Farm & Heavy Construction Machinery peers
Return on Assets (TTM)
2.94%vs Farm & Heavy Construction Machinery peers
Return on Equity (TTM)
9.67%vs Farm & Heavy Construction Machinery peers
Revenue (TTM)
13.80BCNY1.76B · vs all stocks (USD)
Revenue per Share (TTM)
10.48CNYUpdated Sep 21, 2026Quarterly Revenue Growth
35.70%vs Farm & Heavy Construction Machinery peers
Gross Profit (TTM)
2.12BCNY269.77M · vs all stocks (USD)
EBITDA (TTM)
925.33MCNY117.94M · vs all stocks (USD)
Net Income (TTM)
966.60MCNY123.20M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-8.30%vs Farm & Heavy Construction Machinery peers
Operating Cash Flow (TTM)
1.85BCNY235.84M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
1.32BCNY168.61M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.2243HKDUpdated Sep 21, 2026Trailing Annual Dividend Yield
2.56%vs all stocks
5-Year Average Dividend Yield
4.39%vs all stocks
Payout Ratio
35.71%vs Farm & Heavy Construction Machinery peers
Minority Interest (Equity)
570.12MCNYFY2025 · Dec 31, 2025Revenue
10.82BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
9.18BCNYFY2025 · Dec 31, 2025Gross Profit
1.64BCNYFY2025 · Dec 31, 2025Operating Income
730.63MCNY109.10M · vs all stocks (USD)
Pre-tax Income
936.28MCNYFY2025 · Dec 31, 2025Income Tax Expense
76.44MCNYFY2025 · Dec 31, 2025Net Income
859.84MCNYFY2025 · Dec 31, 2025EBIT
949.02MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
925.33MCNYFY2025 · Dec 31, 2025Research & Development
549.37MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
65.23MCNYFY2025 · Dec 31, 2025Other Operating Expenses
-6.06MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
19.75MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
12.74MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.7226CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.7226CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
1.12BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
1.12BSharesFY2025 · Dec 31, 2025Minority Interests (P&L)
-47.89MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
1.33BCNYFY2025 · Dec 31, 2025Capital Expenditures
-187.85MCNYFY2025 · Dec 31, 2025Net Acquisitions
0.00CNYFY2025 · Dec 31, 2025Purchase of Investments
-3.36BCNYFY2025 · Dec 31, 2025Sale of Investments
2.47BCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-1.08BCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
359.55MCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-200.83MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-419.16MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-260.44MCNYFY2025 · Dec 31, 2025Shares Outstanding
1.12BSharesUpdated Sep 21, 2026Float Shares
573.34MSharesUpdated Sep 21, 2026% Held by Insiders
0.00%vs all stocks
% Held by Institutions
42.10%vs all stocks
Total Cash (MRQ)
4.25BCNY541.76M · vs all stocks (USD)
Total Cash per Share (MRQ)
3.23CNYUpdated Sep 21, 2026Total Debt (MRQ)
706.48MCNY90.05M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.0685xvs Farm & Heavy Construction Machinery peers
Current Ratio (MRQ)
0.9450xvs Farm & Heavy Construction Machinery peers
Book Value per Share (MRQ)
8.53CNYUpdated Sep 21, 2026Total Assets
15.10BCNY2.25B · vs all stocks (USD)
Total Current Assets
8.25BCNYFY2025 · Dec 31, 2025Total Liabilities
6.87BCNYFY2025 · Dec 31, 2025Total Non-current Assets
6.85BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
788.35MCNYFY2025 · Dec 31, 2025Total Current Liabilities
6.08BCNYFY2025 · Dec 31, 2025Cash
81.00MCNYFY2025 · Dec 31, 2025Cash Equivalents
1.83BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
1.91BCNYFY2025 · Dec 31, 2025Other Short-term Investments
1.20BCNYFY2025 · Dec 31, 2025Accounts Receivable
326.78MCNYFY2025 · Dec 31, 2025Inventory
1.15BCNYFY2025 · Dec 31, 2025Short-term Debt
2.61BCNYFY2025 · Dec 31, 2025Other Current Liabilities
273.68MCNYFY2025 · Dec 31, 2025Long-term Debt
434.45MCNYFY2025 · Dec 31, 2025Common Stock (Book)
1.12BCNYFY2025 · Dec 31, 2025Retained Earnings
3.03BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
8.23BCNY1.23B · vs all stocks (USD)
52-Week Low
6.33HKDUpdated Sep 21, 202652-Week High
10.60HKDUpdated Sep 21, 202652-Week Change
25.93%vs all stocks
Beta
1.25xvs all stocks
50-Day MA
8.79HKDUpdated Sep 21, 2026200-Day MA
8.63HKDUpdated Sep 21, 2026Avg 10-Day Volume
3.06MSharesUpdated Sep 21, 2026Avg 30-Day Volume
3.71MSharesUpdated Sep 21, 2026Diluted EPS (TTM)
0.8600CNYUpdated Sep 21, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Current ratio is 0.95×, lower than 95% of its Farm & Heavy Construction Machinery peers (median 1.7×)Significant
Current ratio: 0.94Industry median: 1.70Industry P5: 1.11Peers compared: 31.00
Financial Health
Altman Z-Score 2.43: grey zoneSignificant
Altman Z-Score: 2.43
Supply Chain
Midstream position: 6 outgoing, 7 incoming connectionsNotable
Outgoing: 6.00Incoming: 7.00
High connectivity hub: 13 industry connectionsNotable
Total Connections: 13.00
Scale
Market cap is $1.79B, above the global median of $1.18BNotable
Market cap (USD): 1,791,561,620.123Global Median: 1,180,223,658.953
Revenue is $1.76B, above the global median of $548.88MNotable
Revenue (USD): 1,758,945,965.229Global Median: 548,883,780.48
Levered free cash flow is $168.61M, above the global median of $18.73MNotable
Levered free cash flow (USD): 168,608,307.563Global Median: 18,729,043.027
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