Sunlands Technology (STG) Gross Margin (2017 - 2025)
Sunlands Technology (STG) posted quarterly Gross Margin of 86.79% for Q4 2025, up 368.0% year-over-year from 18.54% in Q4 2024, and down 1.9% quarter-over-quarter from 88.47% in Q3 2025.
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 86.49% (up 246.0% YoY), while the FY2025 annual figure was 86.91%, up 287.0% from the prior year.
- Gross Margin for Q4 2025 stood at 86.79%, down from 88.47% in the prior quarter.
- The five-year high for Gross Margin was 88.7% in Q2 2023, with the low at 83.1% in Q4 2024.
- The 5-year median for Gross Margin is 85.27% (2022), against an average of 85.76%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin slumped 449 bps in 2024, then soared 518 bps in 2025.
- Sunlands Technology's Gross Margin stood at 84.82% in 2021, then gained by 3 bps to 86.99% in 2022, then retreated by 1 bps to 86.39% in 2023, then slipped by 4 bps to 83.1% in 2024, then increased by 4 bps to 86.79% in 2025.
- Business Quant data shows STG's Gross Margin at 86.79% in Q4 2025, 88.47% in Q3 2025, and 87.08% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.75 Bn | 82.75 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.47 Bn | 7.44 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.19 Bn | 5.02 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 5.04 Bn | 3.79 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.62 Bn | 4.62 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.76 Bn | 3.48 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.54 Bn | 2.58 Bn | 217.28 Mn | 34.16% |
| 8 | TAL Education | 2.30 Bn | -377.25 Mn | 227.32 Mn | 52.92% |
| 9 | McGraw Hill | 2.26 Bn | 2.00 Bn | 388.89 Mn | 83.86% |
| 10 | Sunlands Technology | 22.16 Mn | -59.16 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% |