DAO vs FEDU
Youdao, Inc. and Four Seasons Education (Cayman) Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | DAO | FEDU |
|---|---|---|
| Revenue | CNY 5.9B | CNY 254.4M |
| Net income | CNY 97.0M | CNY 30.8M |
| Gross margin | 44.3% | 25.8% |
| Net margin | 1.6% | 11.4% |
| Return on equity | — | 6.6% |
| Diluted EPS | CNY 0.90 | CNY 1.34 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY 29.6M | CNY 23.8M |
| Equity | — | CNY 473.6M |
| Net debt / equity | — | −0.10× |
| Current ratio | 0.59× | 1.85× |
| Revenue CAGR 5y | 18.5% | −1.9% |
| Profit CAGR 5y | — | — |
DAO bills 23.2× the revenue of FEDU, and FEDU keeps more of each dollar of revenue as profit (11.4% against 1.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
9 years side by side
| Fiscal year | DAO | FEDU |
|---|---|---|
| FY2025 | CNY 5.9B | CNY 254.4M |
| FY2024 | CNY 5.6B | CNY 251.1M |
| FY2023 | CNY 5.4B | CNY 125.4M |
| FY2022 | CNY 5.0B | CNY 34.2M |
| FY2021 | CNY 4.0B | CNY 250.2M |
| FY2020 | CNY 2.5B | CNY 280.3M |
| FY2019 | CNY 1.2B | CNY 389.0M |
| FY2018 | CNY 731.6M | CNY 335.6M |
| FY2017 | CNY 455.7M | CNY 300.5M |
Net income by year
Bottom line
| Fiscal year | DAO | FEDU |
|---|---|---|
| FY2025 | CNY 97.0M | CNY 30.8M |
| FY2024 | CNY 75.2M | CNY 801,000 |
| FY2023 | CNY -550.1M | CNY 5.0M |
| FY2022 | CNY -745.9M | CNY -29.7M |
| FY2021 | CNY -1.0B | CNY -113.5M |
| FY2020 | CNY -1.8B | CNY -28.2M |
| FY2019 | CNY -601.5M | CNY -109.5M |
| FY2018 | CNY -208.9M | CNY -601,000 |
| FY2017 | CNY -133.6M | CNY 44.4M |