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Side-by-side financial comparison of TrueCar, Inc. (TRUE) and ZKH Group Ltd (ZKH). Click either name above to swap in a different company.

ZKH Group Ltd is the larger business by last-quarter revenue ($45.1M vs $43.2M, roughly 1.0× TrueCar, Inc.). TrueCar, Inc. runs the higher net margin — 11.6% vs -1.0%, a 12.6% gap on every dollar of revenue.

TrueCar, Inc. is an American car retailing website company headquartered in Santa Monica, California. It also maintains a sales office in Austin, Texas.

ZKH Group Ltd is a leading industrial supply chain service provider headquartered in China, specializing in MRO (Maintenance, Repair and Operations) products, industrial components, and digital procurement solutions. It mainly serves manufacturing, construction and energy sectors across the Asia-Pacific, delivering end-to-end inventory management and cost optimization support for enterprise clients.

TRUE vs ZKH — Head-to-Head

Bigger by revenue
ZKH
ZKH
1.0× larger
ZKH
$45.1M
$43.2M
TRUE
Higher net margin
TRUE
TRUE
12.6% more per $
TRUE
11.6%
-1.0%
ZKH

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
TRUE
TRUE
ZKH
ZKH
Revenue
$43.2M
$45.1M
Net Profit
$5.0M
$-471.3K
Gross Margin
16.8%
Operating Margin
-17.0%
-1.4%
Net Margin
11.6%
-1.0%
Revenue YoY
-7.2%
Net Profit YoY
185.7%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TRUE
TRUE
ZKH
ZKH
Q3 25
$43.2M
$45.1M
Q2 25
$47.0M
$41.7M
Q1 25
$44.8M
$36.8M
Q4 24
$46.2M
Q3 24
$46.5M
$44.8M
Q2 24
$41.8M
$42.7M
Q1 24
$41.1M
$35.6M
Q4 23
$41.3M
$47.5M
Net Profit
TRUE
TRUE
ZKH
ZKH
Q3 25
$5.0M
$-471.3K
Q2 25
$-7.6M
$-1.0M
Q1 25
$-10.1M
$-1.3M
Q4 24
$-5.8M
Q3 24
$-5.8M
$-1.6M
Q2 24
$-13.5M
$-1.3M
Q1 24
$-5.8M
$-1.7M
Q4 23
$-1.9M
$393.0K
Gross Margin
TRUE
TRUE
ZKH
ZKH
Q3 25
16.8%
Q2 25
16.5%
Q1 25
17.2%
Q4 24
Q3 24
17.0%
Q2 24
17.0%
Q1 24
18.0%
Q4 23
17.1%
Operating Margin
TRUE
TRUE
ZKH
ZKH
Q3 25
-17.0%
-1.4%
Q2 25
-18.3%
-3.3%
Q1 25
-25.0%
-4.2%
Q4 24
-15.4%
Q3 24
-15.9%
-4.6%
Q2 24
-36.3%
-3.2%
Q1 24
-18.2%
-7.0%
Q4 23
-8.7%
-0.3%
Net Margin
TRUE
TRUE
ZKH
ZKH
Q3 25
11.6%
-1.0%
Q2 25
-16.2%
-2.5%
Q1 25
-22.6%
-3.4%
Q4 24
-12.7%
Q3 24
-12.5%
-3.6%
Q2 24
-32.3%
-2.9%
Q1 24
-14.2%
-4.9%
Q4 23
-4.6%
0.8%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TRUE
TRUE
ZKH
ZKH
Cash + ST InvestmentsLiquidity on hand
$103.2M
$35.3M
Total DebtLower is stronger
$893.8K
Stockholders' EquityBook value
$114.2M
Total Assets
$148.7M
$123.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRUE
TRUE
ZKH
ZKH
Q3 25
$103.2M
$35.3M
Q2 25
$92.5M
$33.8M
Q1 25
$98.0M
$32.0M
Q4 24
$111.8M
Q3 24
$114.5M
$39.0M
Q2 24
$128.0M
$35.9M
Q1 24
$133.7M
$36.0M
Q4 23
$137.0M
$271.1M
Total Debt
TRUE
TRUE
ZKH
ZKH
Q3 25
$893.8K
Q2 25
$888.3K
Q1 25
$854.9K
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
TRUE
TRUE
ZKH
ZKH
Q3 25
$114.2M
Q2 25
$106.4M
Q1 25
$111.1M
Q4 24
$118.1M
Q3 24
$128.0M
$60.6M
Q2 24
$143.9M
$60.7M
Q1 24
$156.0M
$61.5M
Q4 23
$160.2M
$443.2M
Total Assets
TRUE
TRUE
ZKH
ZKH
Q3 25
$148.7M
$123.8M
Q2 25
$139.8M
$120.6M
Q1 25
$145.0M
$116.4M
Q4 24
$159.7M
Q3 24
$167.5M
$132.6M
Q2 24
$183.0M
$132.9M
Q1 24
$193.5M
$132.5M
Q4 23
$204.3M
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TRUE
TRUE
ZKH
ZKH
Operating Cash FlowLast quarter
$12.7M
Free Cash FlowOCF − Capex
$11.2M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-19.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRUE
TRUE
ZKH
ZKH
Q3 25
$12.7M
Q2 25
$-2.8M
Q1 25
$-7.9M
Q4 24
$5.9M
Q3 24
$1.8M
Q2 24
$-2.0M
Q1 24
$2.0M
Q4 23
$-5.8M
$-78.4M
Free Cash Flow
TRUE
TRUE
ZKH
ZKH
Q3 25
$11.2M
Q2 25
$-4.8M
Q1 25
$-10.6M
Q4 24
$4.1M
Q3 24
$-170.0K
Q2 24
$-3.6M
Q1 24
$-511.0K
Q4 23
$-8.1M
$-85.3M
FCF Margin
TRUE
TRUE
ZKH
ZKH
Q3 25
25.9%
Q2 25
-10.2%
Q1 25
-23.6%
Q4 24
9.0%
Q3 24
-0.4%
Q2 24
-8.7%
Q1 24
-1.2%
Q4 23
-19.7%
-179.7%
Capex Intensity
TRUE
TRUE
ZKH
ZKH
Q3 25
3.5%
Q2 25
4.2%
Q1 25
6.0%
Q4 24
3.7%
Q3 24
4.2%
Q2 24
3.9%
Q1 24
6.2%
Q4 23
5.7%
14.7%
Cash Conversion
TRUE
TRUE
ZKH
ZKH
Q3 25
2.55×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
-199.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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