Growth & profitability
- Revenue has declined 7.7% per year over the past 5 years.
- Operating margin has expanded, at 9.2% in the latest year.
- Free cash flow has declined 6.5% per year over the past 5 years.
TAL Financials Tal Education Group
15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | $3.0B | $531M | 55.4% | 9.2% | $508M | — | $1.5B |
| 2025 | $2.3B | $85M | 53.3% | -0.1% | $286M | — | $1.8B |
| 2024 | $1.5B | -$4M | 54.1% | -4.6% | $193M | — | $2.2B |
| 2023 | $1.0B | -$136M | 57.2% | -8.9% | -$103M | — | $2.0B |
| 2022 | $4.4B | -$1.1B | 49.8% | -14.0% | -$1.2B | — | $1.6B |
| 2021 | $4.5B | -$116M | 54.4% | -9.7% | $710M | — | $3.2B |
| 2020 | $3.3B | -$110M | 55.1% | 4.2% | $678M | $262M | $1.9B |
| 2019 | $2.6B | $367M | 54.6% | 13.3% | $56M | $210M | $1.2B |
| 2018 | $1.7B | $198M | 48.6% | 12.2% | $559M | $225M | $712M |
| 2017 | $1.0B | $117M | 49.9% | 12.9% | $308M | $225M | $470M |
| 2016 | — | $103M | — | — | $162M | $0 | $434M |
| 2015 | — | $67M | — | — | — | — | $470M |
| 2014 | — | $61M | — | — | — | $813696 | $270M |
| 2013 | — | $33M | — | — | $59M | — | $185M |
| 2012 | — | $24M | — | — | $765733 | — | $189M |
Valuation over time
How the market has priced TAL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 29.5× (Feb '25) to 3.2× (Jun '26).
- The price-to-sales ratio has fallen from 1.2× (Mar '23) to 0.6× (Jun '26).
P/E
P/S
Frequently asked questions
Is TAL growing its revenue and profit?
Over the past 5 years, Tal Education Group's revenue has declined 7.7% per year. These are computed facts, not advice.
How much debt does TAL have?
As of FY2026, Tal Education Group reported — of total debt against $1.5B of cash.
What is TAL's profit margin?
In FY2026, gross margin was 55.4%, operating margin 9.2%, and net margin 17.6%.
What is TAL's P/E ratio?
As of Jun '26, Tal Education Group traded at a price-to-earnings ratio of about 3.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (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 (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.