Sunlands Technology (STG) Gross Margin (2017 - 2026)
Sunlands Technology (STG) recorded Gross Margin of 86.49% in Q1 2026, up 1.32 percentage points from 85.17% a year earlier but down 0.30 percentage points from the prior quarter.
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Analysis
Sunlands Technology (STG) Gross Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Sunlands Technology's Gross Margin came in at 87.24% as of Mar 31, 2026, up 3.25 percentage points year-over-year; for FY2025, it was 86.91%, up 2.87 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +4.48 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 84.04% in FY2024 (-3.66 pp), 87.70% in FY2023 (+2.69 pp), 85.01% in FY2022 (+0.01 pp) and 85.00% in FY2021 (+2.57 pp).
- Quarterly Gross Margin has ranged from 83.10% in Q4 2024 to 88.70% in Q2 2023 over the past five years.
- On a year-over-year basis, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +0.09 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 5.18 percentage points in Q3 2025, against a drop of 4.49 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 86.79% (Q4 2025), 88.47% (Q3 2025) and 87.08% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Sunlands Technology | 39.34 Mn | 39.12 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 86.49% |
| Dec 31, 2025 | 86.79% |
| Sep 30, 2025 | 88.47% |
| Jun 30, 2025 | 87.08% |
| Mar 31, 2025 | 85.17% |
| 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% |
API Access
Sunlands Technology Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=STG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "STG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=STG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();