Sunlands Technology Group (STG)

NYSE: STG · Real-Time Price · USD

2.850

-0.050 (-1.72%)

Sep 3, 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	Jun '26 Jun 30, 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	1,840	2,020	1,990	2,160	2,323	2,508
Revenue Growth	-8.05%	1.49%	-7.84%	-7.04%	-7.37%	13.80%
Gross Profit	1,601	1,755	1,673	1,894	1,975	2,132
Operating Income	423.86	444.48	297.91	574.89	616.94	114.27
Net Income	324.12	365.63	342.08	640.83	643.96	219.06
Earnings Per Share	24.22	27.14	25.06	46.44	47.07	16.28
EPS Growth	-5.93%	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	Jun '26 Jun 30, 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	857.51	811.68	783.26	905.88	824.18	810.87
Total Debt	133.11	138.67	186.9	308.61	515.88	639.07
Net Cash (Debt)	724.4	673.01	596.36	597.28	308.3	171.8
Net Cash Growth	22.83%	12.85%	-0.15%	93.73%	79.45%	-67.10%
Net Cash Per Share	54.14	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	Jun '26 Jun 30, 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	Jun '26 Jun 30, 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	87.00%	86.91%	84.04%	87.70%	85.01%	85.00%
Operating Margin	23.03%	22.00%	14.97%	26.62%	26.56%	4.56%
Pretax Margin	21.90%	21.04%	17.25%	30.84%	28.20%	7.69%
Profit Margin	17.61%	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	Sep '26 Sep 4, 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	1.67	3.79	2.89	7.34	118.49	-
PS Ratio	0.13	0.28	0.28	0.46	0.30	0.17