IH vs STG
iHuman Inc. and Sunlands Technology Group, side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | IH | STG |
|---|---|---|
| Revenue | CNY 807.0M | CNY 2.0B |
| Net income | CNY 95.4M | CNY 365.6M |
| Gross margin | 67.9% | 86.9% |
| Net margin | 11.8% | 18.1% |
| Return on equity | 9.8% | 47.3% |
| Diluted EPS | CNY 0.36 | CNY 54.28 |
| Dividend / share | · | · |
| Payout ratio | 41.0% | 0.0% |
| Free cash flow | CNY 46.4M | CNY 146.6M |
| Equity | CNY 995.2M | CNY 945.6M |
| Net debt / equity | · | −0.61× |
| Current ratio | 3.57× | 1.21× |
| Revenue CAGR 5y | 8.7% | −1.7% |
| Profit CAGR 5y | · | · |
STG bills 2.5× the revenue of IH, and keeps more of each dollar of revenue as profit (18.1% against 11.8%).
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 | IH | STG |
|---|---|---|
| FY2025 | CNY 807.0M | CNY 2.0B |
| FY2024 | CNY 922.2M | CNY 2.0B |
| FY2023 | CNY 1.0B | CNY 2.2B |
| FY2022 | CNY 985.5M | CNY 2.3B |
| FY2021 | CNY 944.7M | CNY 2.5B |
| FY2020 | CNY 531.9M | CNY 2.2B |
| FY2019 | CNY 218.7M | CNY 2.2B |
| FY2018 | CNY 131.9M | CNY 2.0B |
Bottom line
| Fiscal year | IH | STG |
|---|---|---|
| FY2025 | CNY 95.4M | CNY 365.6M |
| FY2024 | CNY 98.6M | CNY 342.1M |
| FY2023 | CNY 180.9M | CNY 640.8M |
| FY2022 | CNY 109.8M | CNY 644.0M |
| FY2021 | CNY -37.1M | CNY 219.1M |
| FY2020 | CNY -37.5M | CNY -430.5M |
| FY2019 | CNY -275.6M | CNY -394.8M |
| FY2018 | CNY -17.6M | CNY -927.0M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 1,217,747,000 | STG |
| FY2024 | −CNY 1,072,144,000 | STG |
| FY2023 | −CNY 1,145,499,000 | STG |
| FY2022 | −CNY 1,343,301,000 | STG |
| FY2021 | −CNY 1,565,678,000 | STG |
| FY2020 | −CNY 1,672,431,000 | STG |
| FY2019 | −CNY 1,982,185,000 | STG |
| FY2018 | −CNY 1,850,638,000 | STG |
STG has reported the higher revenue in every one of these 8 fiscal years. The gap has narrowed since the earliest year compared.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.3 pp | STG |
| FY2024 | −6.5 pp | STG |
| FY2023 | −11.9 pp | STG |
| FY2022 | −16.5 pp | STG |
| FY2021 | −12.4 pp | STG |
| FY2020 | +12.5 pp | IH |
| FY2019 | −108.0 pp | STG |
| FY2018 | +33.6 pp | IH |
The higher net margin has changed hands between IH and STG over this period.
8 of 10 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 STG's over the 8 comparable fiscal years — 44.2 percentage points of standard deviation against 25.5.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between IH and STG over these 8 fiscal years — IH led in 2 and STG in 6.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.