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STG Financials Sunlands Technology Group

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 1.7% per year over the past 5 years.
  • Operating margin has expanded, at 18.6% in the latest year.

Financial health

  • The company holds more cash (CN¥576M) than total debt (CN¥0).
  • Operating income covered interest expense 442× in the latest year, up from -55.5× 5 years ago.
Revenue & net income
-CN¥927M CN¥790M CN¥3B CN¥0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-96% -4% 88% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-172% 51% 273% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥558M -CN¥68M CN¥421M CN¥0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥701M CN¥1B 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥1B CN¥200M CN¥2B CN¥0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CN¥2.0B CN¥366M 86.9% 18.6% 38.7% 17.9% CN¥147M CN¥0 CN¥576M
2024 CN¥2.0B CN¥342M 84.0% 15.0% 56.9% 16.1% CN¥195M CN¥42M CN¥507M
2023 CN¥2.2B CN¥641M 87.7% 26.6% 231.3% 30.2% CN¥135M CN¥143M CN¥764M
2022 CN¥2.3B CN¥644M 85.0% 26.6% -172.0% 28.3% CN¥6M CN¥182M CN¥754M
2021 CN¥2.5B CN¥219M 85.0% 4.6% -21.7% 8.4% -CN¥387M CN¥221M CN¥627M
2020 CN¥2.2B -CN¥431M 82.4% -29.5% 35.5% -13.2% -CN¥201M CN¥193M CN¥761M
2019 CN¥2.2B -CN¥395M 81.9% -21.0% 53.5% -9.9% -CN¥558M CN¥226M CN¥1.4B
2018 CN¥2.0B -CN¥927M 83.3% -52.1% 273.4% -24.8% -CN¥337M CN¥258M CN¥1.2B
2017 CN¥970M -CN¥919M 82.5% -95.6% 55.9% -46.6% CN¥421M — CN¥559M
2016 CN¥419M -CN¥254M 83.1% -61.8% — — CN¥73M — —

Frequently asked questions

Is STG growing its revenue and profit?

Over the past 5 years, Sunlands Technology Group's revenue has declined 1.7% per year. These are computed facts, not advice.

How much debt does STG have?

As of FY2025, Sunlands Technology Group reported CN¥0 of total debt against CN¥576M of cash; operating income covered interest expense 442×.

What is STG's profit margin?

In FY2025, gross margin was 86.9%, operating margin 18.6%, and net margin 18.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.