DAO vs GOTU
Youdao, Inc. and Gaotu Techedu Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | DAO | GOTU |
|---|---|---|
| Revenue | CNY 5.9B | CNY 6.1B |
| Net income | CNY 97.0M | CNY -323.3M |
| Gross margin | 44.3% | 67.4% |
| Net margin | 1.6% | −5.3% |
| Return on equity | · | −20.3% |
| Diluted EPS | CNY 0.90 | −CNY 1.98 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY 29.6M | CNY 246.6M |
| Equity | · | CNY 1.3B |
| Net debt / equity | · | −0.37× |
| Current ratio | 0.59× | 0.94× |
| Revenue CAGR 5y | 18.5% | −2.9% |
| Profit CAGR 5y | · | · |
DAO and GOTU book revenue within 15% of each other, and GOTU 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 | DAO | GOTU |
|---|---|---|
| FY2025 | CNY 5.9B | CNY 6.1B |
| FY2024 | CNY 5.6B | CNY 4.6B |
| FY2023 | CNY 5.4B | CNY 3.0B |
| FY2022 | CNY 5.0B | CNY 2.5B |
| FY2021 | CNY 4.0B | CNY 6.6B |
| FY2020 | CNY 2.5B | CNY 7.1B |
| FY2019 | CNY 1.2B | CNY 2.1B |
| FY2018 | CNY 731.6M | CNY 397.3M |
| FY2017 | CNY 455.7M | CNY 97.6M |
Bottom line
| Fiscal year | DAO | GOTU |
|---|---|---|
| FY2025 | CNY 97.0M | CNY -323.3M |
| FY2024 | CNY 75.2M | CNY -1.0B |
| FY2023 | CNY -550.1M | CNY -7.3M |
| FY2022 | CNY -745.9M | CNY 13.2M |
| FY2021 | CNY -1.0B | CNY -3.1B |
| FY2020 | CNY -1.8B | CNY -1.4B |
| FY2019 | CNY -601.5M | CNY 226.6M |
| FY2018 | CNY -208.9M | CNY 19.6M |
| FY2017 | CNY -133.6M | CNY -87.0M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 237,753,000 | GOTU |
| FY2024 | +CNY 1,072,363,000 | DAO |
| FY2023 | +CNY 2,428,395,000 | DAO |
| FY2022 | +CNY 2,514,968,000 | DAO |
| FY2021 | −CNY 2,545,953,000 | GOTU |
| FY2020 | −CNY 4,597,938,000 | GOTU |
| FY2019 | −CNY 907,445,000 | GOTU |
| FY2018 | +CNY 334,292,000 | DAO |
| FY2017 | +CNY 358,166,000 | DAO |
The higher-revenue side has changed between DAO and GOTU over this period. The gap has narrowed since the earliest year compared.
9 of 9 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.9 pp | DAO |
| FY2024 | +24.4 pp | DAO |
| FY2023 | −10.0 pp | GOTU |
| FY2022 | −15.4 pp | GOTU |
| FY2021 | +21.7 pp | DAO |
| FY2020 | −49.8 pp | GOTU |
| FY2019 | −60.5 pp | GOTU |
| FY2018 | −33.6 pp | GOTU |
| FY2017 | +53.1 pp | DAO |
The higher net margin has changed hands between DAO and GOTU over this period.
9 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GOTU's net margin has been more volatile than DAO's over the 9 comparable fiscal years — 30.0 percentage points of standard deviation against 22.2.
9 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DAO and GOTU over these 9 fiscal years — DAO led in 4 and GOTU in 5.
9 of 9 comparable fiscal years — a year missing data on either side is not counted.