FEDU vs IH
Four Seasons Education (Cayman) Inc. and iHuman Inc., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FEDU | IH |
|---|---|---|
| Revenue | CNY 254.4M | CNY 807.0M |
| Net income | CNY 30.8M | CNY 95.4M |
| Gross margin | 25.8% | 67.9% |
| Net margin | 11.4% | 11.8% |
| Return on equity | 6.6% | 9.8% |
| Diluted EPS | CNY 1.34 | CNY 0.36 |
| Dividend / share | · | · |
| Payout ratio | · | 41.0% |
| Free cash flow | CNY 23.8M | CNY 46.4M |
| Equity | CNY 473.6M | CNY 995.2M |
| Net debt / equity | −0.10× | · |
| Current ratio | 1.85× | 3.57× |
| Revenue CAGR 5y | −1.9% | 8.7% |
| Profit CAGR 5y | · | · |
IH bills 3.2× the revenue of FEDU, and keeps more of each dollar of revenue as profit (11.8% against 11.4%).
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.
8 years side by side
| Fiscal year | FEDU | IH |
|---|---|---|
| FY2025 | CNY 254.4M | CNY 807.0M |
| FY2024 | CNY 251.1M | CNY 922.2M |
| FY2023 | CNY 125.4M | CNY 1.0B |
| FY2022 | CNY 34.2M | CNY 985.5M |
| FY2021 | CNY 250.2M | CNY 944.7M |
| FY2020 | CNY 280.3M | CNY 531.9M |
| FY2019 | CNY 389.0M | CNY 218.7M |
| FY2018 | CNY 335.6M | CNY 131.9M |
Bottom line
| Fiscal year | FEDU | IH |
|---|---|---|
| FY2025 | CNY 30.8M | CNY 95.4M |
| FY2024 | CNY 801,000 | CNY 98.6M |
| FY2023 | CNY 5.0M | CNY 180.9M |
| FY2022 | CNY -29.7M | CNY 109.8M |
| FY2021 | CNY -113.5M | CNY -37.1M |
| FY2020 | CNY -28.2M | CNY -37.5M |
| FY2019 | CNY -109.5M | CNY -275.6M |
| FY2018 | CNY -601,000 | CNY -17.6M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 552,575,000 | IH |
| FY2024 | −CNY 671,125,000 | IH |
| FY2023 | −CNY 892,694,000 | IH |
| FY2022 | −CNY 951,301,000 | IH |
| FY2021 | −CNY 694,499,000 | IH |
| FY2020 | −CNY 251,633,000 | IH |
| FY2019 | +CNY 170,393,000 | FEDU |
| FY2018 | +CNY 203,776,000 | FEDU |
The higher-revenue side has changed between FEDU and IH over this period. The gap has widened since the earliest year compared.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.4 pp | IH |
| FY2024 | −10.9 pp | IH |
| FY2023 | −15.6 pp | IH |
| FY2022 | −109.0 pp | IH |
| FY2021 | −43.5 pp | IH |
| FY2020 | −2.9 pp | IH |
| FY2019 | +97.9 pp | FEDU |
| FY2018 | +12.9 pp | FEDU |
The higher net margin has changed hands between FEDU and IH over this period.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IH's net margin has been more volatile than FEDU's over the 8 comparable fiscal years — 44.2 percentage points of standard deviation against 34.0.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FEDU and IH over these 8 fiscal years — FEDU led in 2 and IH in 6.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FEDU's return on equity has been more volatile than IH's over the 5 comparable fiscal years — 9.8 percentage points of standard deviation against 9.0.
5 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
IH led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 9 comparable fiscal years — a year missing data on either side is not counted.