Sunlands Technology (STG) Operating Leases (2019 - 2025)
Sunlands Technology (STG) posted quarterly Operating Leases of $18.3 million for Q4 2025, down 4.25% year-over-year from $19.1 million in Q4 2024, and up 2.05% quarter-over-quarter from $17.9 million in Q3 2025.
Sunlands Technology (STG) Operating Leases (2019 - 2025) Analysis & Trends
Sunlands Technology's Operating Leases history runs 7 years deep, the most recent figure standing at $18.3 million for Q4 2025.
- In Q4 2025, Operating Leases fell 4.25% year-over-year to $18.3 million; the TTM figure through Dec 2025 stood at $18.3 million (down 4.25% YoY), while the FY2025 annual figure was $18.5 million, down 1.32% from the prior year.
- Operating Leases for Q4 2025 stood at $18.3 million, up from $17.9 million in the prior quarter.
- The five-year high for Operating Leases was $63.2 million in Q4 2021, with the low at $17.9 million in Q3 2025.
- The 5-year median for Operating Leases is $21.0 million (2024), against an average of $27.2 million.
- The sharpest annual moves came in 2023 and 2025: Operating Leases tumbled 61.49% in 2023, then retreated 4.25% in 2025.
- Sunlands Technology's Operating Leases stood at $63.2 million in 2021, then fell by 29.52% to $44.5 million in 2022, then tumbled by 50.97% to $21.8 million in 2023, then fell by 12.66% to $19.1 million in 2024, then declined by 4.25% to $18.3 million in 2025.
- Business Quant data shows STG's Operating Leases at $18.3 million in Q4 2025, $17.9 million in Q3 2025, and $18.7 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 82.68 Bn | 81.02 Bn | 812.22 Mn |
| 2 | Laureate Education | 5.15 Bn | 4.99 Bn | 237.67 Mn |
| 3 | Graham Holdings | 5.00 Bn | 3.79 Bn | 777.03 Mn |
| 4 | Covista | 4.48 Bn | 4.48 Bn | 284.63 Mn |
| 5 | Youdao | 4.15 Bn | 4.08 Bn | 87.31 Mn |
| 6 | Grand Canyon Education | 3.81 Bn | 3.54 Bn | 204.08 Mn |
| 7 | Stride | 3.47 Bn | 2.51 Bn | 217.28 Mn |
| 8 | McGraw Hill | 2.59 Bn | 2.34 Bn | 388.89 Mn |
| 9 | TAL Education | 2.14 Bn | -1,233.59 Bn | 227.32 Mn |
| 10 | Sunlands Technology | 45.81 Mn | -35.72 Mn | 58.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 18.27 Mn |
| Sep 30, 2025 | 17.90 Mn |
| Jun 30, 2025 | 18.72 Mn |
| Mar 31, 2025 | 18.20 Mn |
| Dec 31, 2024 | 19.08 Mn |
| Sep 30, 2024 | 19.21 Mn |
| Jun 30, 2024 | 21.05 Mn |
| Mar 31, 2024 | 20.86 Mn |
| Dec 31, 2023 | 21.84 Mn |
| Sep 30, 2023 | 21.22 Mn |
| Jun 30, 2023 | 22.23 Mn |
| Dec 31, 2022 | 44.55 Mn |
| Sep 30, 2022 | 55.11 Mn |
| Dec 31, 2021 | 63.21 Mn |
| Dec 31, 2020 | 80.36 Mn |
| Mar 31, 2020 | 85.30 Mn |
| Dec 31, 2019 | 87.43 Mn |