Sunlands Technology (STG) Operating Margin (2017 - 2025)

Sunlands Technology's Operating Margin history runs 9 years deep, the most recent figure standing at 22.37% for Q4 2025.

• In Q4 2025, Operating Margin rose 1193.0% year-over-year to 22.37%; the TTM figure through Dec 2025 stood at 20.9% (up 898.0% YoY), while the FY2025 annual figure was 18.64%, up 367.0% from the prior year.
• Operating Margin was 22.37% for Q4 2025 at Sunlands Technology, down from 26.46% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 266741.14% in Q2 2023 to a low of 11.34% in Q1 2021.
• Historically, Operating Margin has averaged 14056.03% across 5 years, with a median of 21.98% in 2023.
• The sharpest annual moves came in 2023 and 2024: Operating Margin soared 26672086 bps in 2023, then tumbled 26672551 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 16.81% in 2021, then jumped by 72 bps to 28.92% in 2022, then declined by 24 bps to 21.98% in 2023, then tumbled by 52 bps to 10.44% in 2024, then jumped by 114 bps to 22.37% in 2025.
• The last three Operating Margin figures came in at 22.37% (Q4 2025), 26.46% (Q3 2025), and 23.51% (Q2 2025), per Business Quant data.