EDU vs TAL
New Oriental Education & Technology Group Inc. and TAL Education Group, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | EDU | TAL |
|---|---|---|
| Revenue | $5.7B | $3.0B |
| Net income | $475.2M | $530.8M |
| Gross margin | 54.6% | 55.4% |
| Net margin | 9.1% | 17.6% |
| Return on equity | 12.4% | 14.1% |
| Diluted EPS | · | $2.75 |
| Dividend / share | · | · |
| Payout ratio | 20.3% | · |
| Free cash flow | $780.2M | $508.3M |
| Equity | $4.0B | $3.8B |
| Net debt / equity | · | · |
| Current ratio | 1.50× | 2.17× |
| Revenue CAGR 5y | 5.8% | −7.7% |
| Profit CAGR 5y | 7.3% | · |
EDU bills 1.9× the revenue of TAL, and TAL keeps more of each dollar of revenue as profit (17.6% against 9.1%).
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 | EDU | TAL |
|---|---|---|
| FY2025 | $5.7B | $3.0B |
| FY2024 | $4.9B | $2.3B |
| FY2023 | $4.3B | $1.5B |
| FY2022 | $3.0B | $1.0B |
| FY2021 | $3.1B | $4.4B |
| FY2020 | $4.3B | $4.5B |
| FY2019 | $3.6B | $3.3B |
| FY2018 | $3.1B | $2.6B |
| FY2017 | $2.4B | $1.7B |
| FY2016 | $1.8B | $1.0B |
Bottom line
| Fiscal year | EDU | TAL |
|---|---|---|
| FY2025 | $475.2M | $530.8M |
| FY2024 | $371.7M | $84.6M |
| FY2023 | $309.6M | $-3.6M |
| FY2022 | $177.3M | $-135.6M |
| FY2021 | $-1.2B | $-1.1B |
| FY2020 | $334.4M | $-116.0M |
| FY2019 | $413.3M | $-110.2M |
| FY2018 | $238.1M | $367.2M |
| FY2017 | $296.1M | $198.4M |
| FY2016 | $274.5M | $116.9M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,652,386,000 | EDU |
| FY2024 | +$2,650,029,000 | EDU |
| FY2023 | +$2,823,146,000 | EDU |
| FY2022 | +$1,977,988,000 | EDU |
| FY2021 | −$1,285,661,000 | TAL |
| FY2020 | −$219,216,000 | TAL |
| FY2019 | +$305,374,000 | EDU |
| FY2018 | +$533,507,000 | EDU |
| FY2017 | +$732,414,000 | EDU |
| FY2016 | +$756,409,000 | EDU |
| FY2015 | +$858,399,223 | EDU |
| FY2014 | +$812,796,431 | EDU |
| FY2013 | +$824,991,795 | EDU |
| FY2012 | +$733,922,905 | EDU |
| FY2011 | +$575,675,328 | EDU |
| FY2010 | +$429,262,701 | EDU |
| FY2009 | +$317,018,453 | EDU |
The higher-revenue side has changed between EDU and TAL over this period. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −8.5 pp | TAL |
| FY2024 | +3.9 pp | EDU |
| FY2023 | +7.8 pp | EDU |
| FY2022 | +20.8 pp | EDU |
| FY2021 | −12.8 pp | TAL |
| FY2020 | +8.6 pp | EDU |
| FY2019 | +13.8 pp | EDU |
| FY2018 | −6.9 pp | TAL |
| FY2017 | +0.8 pp | EDU |
| FY2016 | +4.6 pp | EDU |
| FY2015 | −0.8 pp | TAL |
| FY2014 | +0.6 pp | EDU |
| FY2013 | +0.3 pp | EDU |
| FY2012 | −0.6 pp | TAL |
| FY2011 | +3.9 pp | EDU |
| FY2010 | −2.9 pp | TAL |
| FY2009 | −0.5 pp | TAL |
The higher net margin has changed hands between EDU and TAL over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EDU's net margin has been more volatile than TAL's over the 17 comparable fiscal years — 13.1 percentage points of standard deviation against 12.9.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between EDU and TAL over these 17 fiscal years — EDU led in 10 and TAL in 7.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAL's return on equity has been more volatile than EDU's over the 17 comparable fiscal years — 21.4 percentage points of standard deviation against 11.2.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between EDU and TAL over these 17 fiscal years — EDU led in 7 and TAL in 10.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.