AACG vs STG
ATA Creativity Global and Sunlands Technology Group, side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | AACG | STG |
|---|---|---|
| Revenue | CNY 268.1M | CNY 2.0B |
| Net income | CNY -48.0M | CNY 365.6M |
| Gross margin | 48.6% | 86.9% |
| Net margin | −17.9% | 18.1% |
| Return on equity | −86.0% | 47.3% |
| Diluted EPS | −CNY 0.76 | CNY 54.28 |
| Dividend / share | · | · |
| Payout ratio | · | 0.0% |
| Free cash flow | CNY -17.1M | CNY 146.6M |
| Equity | CNY 32.0M | CNY 945.6M |
| Net debt / equity | −2.16× | −0.61× |
| Current ratio | 0.32× | 1.21× |
| Revenue CAGR 5y | 10.6% | −1.7% |
| Profit CAGR 5y | · | · |
STG bills 7.6× 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.
10 years side by side
| Fiscal year | AACG | STG |
|---|---|---|
| FY2025 | CNY 268.1M | CNY 2.0B |
| FY2024 | CNY 268.1M | CNY 2.0B |
| FY2023 | CNY 221.6M | CNY 2.2B |
| FY2022 | CNY 206.8M | CNY 2.3B |
| FY2021 | CNY 202.2M | CNY 2.5B |
| FY2020 | CNY 162.2M | CNY 2.2B |
| FY2019 | CNY 97.8M | CNY 2.2B |
| FY2018 | CNY 1.3M | CNY 2.0B |
| FY2017 | CNY 7.4M | CNY 974.7M |
| FY2016 | CNY 8.8M | CNY 418.9M |
Bottom line
| Fiscal year | AACG | STG |
|---|---|---|
| FY2025 | CNY -48.0M | CNY 365.6M |
| FY2024 | CNY -36.1M | CNY 342.1M |
| FY2023 | CNY -33.7M | CNY 640.8M |
| FY2022 | CNY -47.9M | CNY 644.0M |
| FY2021 | CNY -33.6M | CNY 219.1M |
| FY2020 | CNY -92.2M | CNY -430.5M |
| FY2019 | CNY -122.3M | CNY -394.8M |
| FY2018 | CNY 854.9M | CNY -927.0M |
| FY2017 | CNY -26.1M | CNY -918.6M |
| FY2016 | CNY -9.7M | CNY -253.6M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 1,756,653,124 | STG |
| FY2024 | −CNY 1,726,284,838 | STG |
| FY2023 | −CNY 1,942,019,032 | STG |
| FY2022 | −CNY 2,121,997,126 | STG |
| FY2021 | −CNY 2,308,190,535 | STG |
| FY2020 | −CNY 2,042,178,453 | STG |
| FY2019 | −CNY 2,103,070,833 | STG |
| FY2018 | −CNY 1,981,166,408 | STG |
| FY2017 | −CNY 967,288,629 | STG |
| FY2016 | −CNY 410,078,610 | STG |
STG has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −36.0 pp | STG |
| FY2024 | −30.7 pp | STG |
| FY2023 | −44.9 pp | STG |
| FY2022 | −51.2 pp | STG |
| FY2021 | −26.5 pp | STG |
| FY2020 | −42.5 pp | STG |
| FY2017 | −258.2 pp | STG |
| FY2016 | −52.4 pp | STG |
STG has kept the higher net margin in every one of these 8 fiscal years.
8 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 STG's over the 8 comparable fiscal years — 109.2 percentage points of standard deviation against 42.8.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
STG led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.