AACG vs DAO
ATA Creativity Global and Youdao, Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | AACG | DAO |
|---|---|---|
| Revenue | CNY 268.1M | CNY 5.9B |
| Net income | CNY -48.0M | CNY 97.0M |
| Gross margin | 48.6% | 44.3% |
| Net margin | −17.9% | 1.6% |
| Return on equity | −86.0% | · |
| Diluted EPS | −CNY 0.76 | CNY 0.90 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -17.1M | CNY 29.6M |
| Equity | CNY 32.0M | · |
| Net debt / equity | −2.16× | · |
| Current ratio | 0.32× | 0.59× |
| Revenue CAGR 5y | 10.6% | 18.5% |
| Profit CAGR 5y | · | · |
DAO bills 22.0× the revenue of AACG, and AACG closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | AACG | DAO |
|---|---|---|
| FY2025 | CNY 268.1M | CNY 5.9B |
| FY2024 | CNY 268.1M | CNY 5.6B |
| FY2023 | CNY 221.6M | CNY 5.4B |
| FY2022 | CNY 206.8M | CNY 5.0B |
| FY2021 | CNY 202.2M | CNY 4.0B |
| FY2020 | CNY 162.2M | CNY 2.5B |
| FY2019 | CNY 97.8M | CNY 1.2B |
| FY2018 | CNY 1.3M | CNY 731.6M |
| FY2017 | CNY 7.4M | CNY 455.7M |
Bottom line
| Fiscal year | AACG | DAO |
|---|---|---|
| FY2025 | CNY -48.0M | CNY 97.0M |
| FY2024 | CNY -36.1M | CNY 75.2M |
| FY2023 | CNY -33.7M | CNY -550.1M |
| FY2022 | CNY -47.9M | CNY -745.9M |
| FY2021 | CNY -33.6M | CNY -1.0B |
| FY2020 | CNY -92.2M | CNY -1.8B |
| FY2019 | CNY -122.3M | CNY -601.5M |
| FY2018 | CNY 854.9M | CNY -208.9M |
| FY2017 | CNY -26.1M | CNY -133.6M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 5,640,906,124 | DAO |
| FY2024 | −CNY 5,357,858,838 | DAO |
| FY2023 | −CNY 5,167,589,032 | DAO |
| FY2022 | −CNY 4,806,361,126 | DAO |
| FY2021 | −CNY 3,813,584,535 | DAO |
| FY2020 | −CNY 2,364,638,453 | DAO |
| FY2019 | −CNY 1,109,639,833 | DAO |
| FY2018 | −CNY 730,259,408 | DAO |
| FY2017 | −CNY 448,356,629 | DAO |
DAO has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −19.6 pp | DAO |
| FY2024 | −14.8 pp | DAO |
| FY2023 | −5.0 pp | DAO |
| FY2022 | −8.6 pp | DAO |
| FY2021 | +7.6 pp | AACG |
| FY2020 | +7.4 pp | AACG |
| FY2017 | −316.9 pp | DAO |
The higher net margin has changed hands between AACG and DAO over this period.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AACG's net margin has been more volatile than DAO's over the 7 comparable fiscal years — 115.8 percentage points of standard deviation against 23.1.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AACG and DAO over these 7 fiscal years — AACG led in 2 and DAO in 5.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.