FEDU vs STG
Four Seasons Education (Cayman) Inc. and Sunlands Technology Group, side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FEDU | STG |
|---|---|---|
| Revenue | CNY 254.4M | CNY 2.0B |
| Net income | CNY 30.8M | CNY 365.6M |
| Gross margin | 25.8% | 86.9% |
| Net margin | 11.4% | 18.1% |
| Return on equity | 6.6% | 47.3% |
| Diluted EPS | CNY 1.34 | CNY 54.28 |
| Dividend / share | · | · |
| Payout ratio | · | 0.0% |
| Free cash flow | CNY 23.8M | CNY 146.6M |
| Equity | CNY 473.6M | CNY 945.6M |
| Net debt / equity | −0.10× | −0.61× |
| Current ratio | 1.85× | 1.21× |
| Revenue CAGR 5y | −1.9% | −1.7% |
| Profit CAGR 5y | · | · |
STG bills 8.0× the revenue of FEDU, and keeps more of each dollar of revenue as profit (18.1% 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.
10 years side by side
| Fiscal year | FEDU | STG |
|---|---|---|
| FY2025 | CNY 254.4M | CNY 2.0B |
| FY2024 | CNY 251.1M | CNY 2.0B |
| FY2023 | CNY 125.4M | CNY 2.2B |
| FY2022 | CNY 34.2M | CNY 2.3B |
| FY2021 | CNY 250.2M | CNY 2.5B |
| FY2020 | CNY 280.3M | CNY 2.2B |
| FY2019 | CNY 389.0M | CNY 2.2B |
| FY2018 | CNY 335.6M | CNY 2.0B |
| FY2017 | CNY 300.5M | CNY 974.7M |
| FY2016 | CNY 203.2M | CNY 418.9M |
Bottom line
| Fiscal year | FEDU | STG |
|---|---|---|
| FY2025 | CNY 30.8M | CNY 365.6M |
| FY2024 | CNY 801,000 | CNY 342.1M |
| FY2023 | CNY 5.0M | CNY 640.8M |
| FY2022 | CNY -29.7M | CNY 644.0M |
| FY2021 | CNY -113.5M | CNY 219.1M |
| FY2020 | CNY -28.2M | CNY -430.5M |
| FY2019 | CNY -109.5M | CNY -394.8M |
| FY2018 | CNY -601,000 | CNY -927.0M |
| FY2017 | CNY 44.4M | CNY -918.6M |
| FY2016 | CNY 17.7M | CNY -253.6M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 1,770,322,000 | STG |
| FY2024 | −CNY 1,743,269,000 | STG |
| FY2023 | −CNY 2,038,193,000 | STG |
| FY2022 | −CNY 2,294,602,000 | STG |
| FY2021 | −CNY 2,260,177,000 | STG |
| FY2020 | −CNY 1,924,064,000 | STG |
| FY2019 | −CNY 1,811,792,000 | STG |
| FY2018 | −CNY 1,646,862,000 | STG |
| FY2017 | −CNY 674,145,000 | STG |
| FY2016 | −CNY 215,722,000 | 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 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.7 pp | STG |
| FY2024 | −17.4 pp | STG |
| FY2023 | −27.5 pp | STG |
| FY2022 | −125.6 pp | STG |
| FY2021 | −55.9 pp | STG |
| FY2020 | +9.6 pp | FEDU |
| FY2019 | −10.2 pp | STG |
| FY2018 | +46.5 pp | FEDU |
| FY2017 | +108.6 pp | FEDU |
| FY2016 | +69.1 pp | FEDU |
The higher net margin has changed hands between FEDU and STG over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
STG's net margin has been more volatile than FEDU's over the 10 comparable fiscal years — 40.0 percentage points of standard deviation against 33.1.
10 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 STG over these 10 fiscal years — FEDU led in 4 and STG in 6.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.