Sunlands Technology Group (STG)

NYSE: STG · Real-Time Price · USD

3.170

-0.120 (-3.65%)

Aug 14, 2026, 4:00 PM EDT - Market closed

Sunlands Technology Group Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,973	2,020	1,990	2,160	2,323	2,508
Revenue Growth	0.94%	1.49%	-7.84%	-7.04%	-7.37%	13.80%
Gross Profit	1,721	1,755	1,673	1,894	1,975	2,132
Operating Income	467.13	444.48	297.91	574.89	616.94	114.27
Net Income	367.3	365.63	342.08	640.83	643.96	219.06
Earnings Per Share	27.33	27.14	25.06	46.44	47.07	16.28
EPS Growth	22.05%	8.29%	-46.03%	-1.34%	189.13%	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	781.65	811.68	783.26	905.88	824.18	810.87
Total Debt	131	138.67	186.9	308.61	515.88	639.07
Net Cash (Debt)	650.65	673.01	596.36	597.28	308.3	171.8
Net Cash Growth	2.31%	12.85%	-0.15%	93.73%	79.45%	-67.10%
Net Cash Per Share	48.41	49.95	43.69	43.28	22.54	12.77

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-	146.81	195.52	140.8	9.14	-373.25
Capital Expenditures	-	-0.21	-0.26	-5.76	-3.24	-13.68
Free Cash Flow	-	146.6	195.26	135.04	5.9	-386.93
Free Cash Flow Growth	-	-24.92%	44.60%	2188.34%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	87.25%	86.91%	84.04%	87.70%	85.01%	85.00%
Operating Margin	23.68%	22.00%	14.97%	26.62%	26.56%	4.56%
Pretax Margin	22.59%	21.04%	17.25%	30.84%	28.20%	7.69%
Profit Margin	18.62%	18.10%	17.19%	29.67%	27.72%	8.73%
FCF Margin	-	7.26%	9.81%	6.25%	0.25%	-15.43%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	0.80	1.52	1.65	1.55	1.09	1.93
Forward PE	-	46.86	46.86	46.86	46.86	46.86
P/FCF Ratio	1.95	3.79	2.89	7.34	118.49	-
PS Ratio	0.15	0.28	0.28	0.46	0.30	0.17