Sunlands Technology (STG) Gross Margin (2017 - 2025)
Sunlands Technology (STG) recorded quarterly Gross Margin of 86.79% in Q4 2025, down 1.9% quarter-over-quarter from 88.47% in Q3 2025, and up 368.0% on a YoY basis from 18.54% in Q4 2024.
Sunlands Technology (STG) Gross Margin (2017 - 2025) Analysis & Trends
Sunlands Technology's Gross Margin history runs 9 years deep, the most recent figure standing at 86.79% for Q4 2025.
- In Q4 2025, Gross Margin rose 368.0% year-over-year to 86.79%; the TTM figure through Dec 2025 stood at 86.43% (up 239.0% YoY), while the FY2025 annual figure was 86.91%, up 287.0% from the prior year.
- Gross Margin was 86.79% for Q4 2025 at Sunlands Technology, down from 88.47% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 88.7% in Q2 2023 to a low of 83.1% in Q4 2024.
- Historically, Gross Margin has averaged 85.76% across 5 years, with a median of 85.27% in 2022.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 449 bps in 2024, then jumped 518 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 84.82% in 2021, then advanced by 3 bps to 86.99% in 2022, then decreased by 1 bps to 86.39% in 2023, then dropped by 4 bps to 83.1% in 2024, then rose by 4 bps to 86.79% in 2025.
- The last three Gross Margin figures came in at 86.79% (Q4 2025), 88.47% (Q3 2025), and 87.08% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.64 Bn | 7.60 Bn | 22.18 Mn | 72.43% |
| 2 | Graham Holdings | 4.92 Bn | 3.91 Bn | 841.00 Mn | 68.04% |
| 3 | Laureate Education | 4.86 Bn | 4.70 Bn | -16.39 Mn | -6.01% |
| 4 | Covista | 4.36 Bn | 4.35 Bn | 276.31 Mn | 56.73% |
| 5 | Stride | 4.16 Bn | 3.36 Bn | 231.57 Mn | 36.76% |
| 6 | Grand Canyon Education | 3.97 Bn | 3.72 Bn | 244.77 Mn | 79.28% |
| 7 | Universal Technical Institute | 2.35 Bn | 2.19 Bn | 103.97 Mn | 46.96% |
| 8 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 78.77% |
| 9 | Strategic Education | 1.76 Bn | 1.60 Bn | - | - |
| 10 | Sunlands Technology | 2.95 Mn | -111.70 Mn | 58.35 Mn | 86.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 86.79% |
| Sep 30, 2025 | 88.47% |
| Jun 30, 2025 | 87.08% |
| Dec 31, 2024 | 83.10% |
| Sep 30, 2024 | 83.29% |
| Jun 30, 2024 | 84.43% |
| Mar 31, 2024 | 85.25% |
| Dec 31, 2023 | 86.39% |
| Sep 30, 2023 | 87.78% |
| Jun 30, 2023 | 88.70% |
| Mar 31, 2023 | 87.98% |
| Dec 31, 2022 | 86.99% |
| Sep 30, 2022 | 85.27% |
| Jun 30, 2022 | 83.56% |
| Mar 31, 2022 | 84.23% |
| Dec 31, 2021 | 84.82% |
| Sep 30, 2021 | 86.04% |
| Jun 30, 2021 | 84.55% |
| Mar 31, 2021 | 84.67% |
| Dec 31, 2020 | 83.26% |