Sunlands Technology (STG) Operating Margin (2017 - 2026)
Sunlands Technology's Operating Margin came in at 21.97% for Q1 2026, up 6.76 percentage points from 15.21% a year earlier but down 0.41 percentage points from the prior quarter.
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Analysis
Sunlands Technology (STG) Operating Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Sunlands Technology reported Operating Margin of 23.66%, up 10.01 percentage points year-over-year; for FY2025, it was 18.64%, up 3.67 percentage points from FY2024.
- Operating Margin carries a five-year change of +48.09 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 14.97% in FY2024 (-11.65 pp), 26.62% in FY2023 (+0.06 pp), 26.56% in FY2022 (+22.00 pp) and 4.56% in FY2021 (+34.01 pp).
- The five-year range for quarterly Operating Margin is 2.01% (Q2 2021) to 31.40% (Q1 2023).
- Year-over-year, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of -0.07 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2021 (a gain of 53.44 percentage points), and the weakest in Q2 2024 (a drop of 14.03 percentage points).
- Business Quant data shows STG's Operating Margin at 22.37% (Q4 2025), 26.46% (Q3 2025) and 23.51% (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.22% |
| 10 | Sunlands Technology | 39.34 Mn | 39.12 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 21.97% |
| Dec 31, 2025 | 22.37% |
| Sep 30, 2025 | 26.46% |
| Jun 30, 2025 | 23.51% |
| Mar 31, 2025 | 15.21% |
| Dec 31, 2024 | 10.44% |
| Sep 30, 2024 | 13.40% |
| Jun 30, 2024 | 15.57% |
| Mar 31, 2024 | 20.06% |
| Dec 31, 2023 | 21.98% |
| Sep 30, 2023 | 23.26% |
| Jun 30, 2023 | 29.60% |
| Mar 31, 2023 | 31.40% |
| Dec 31, 2022 | 28.92% |
| Sep 30, 2022 | 28.86% |
| Jun 30, 2022 | 20.28% |
| Mar 31, 2022 | 27.85% |
| Dec 31, 2021 | 16.81% |
| Sep 30, 2021 | 13.67% |
| Jun 30, 2021 | 2.01% |
API Access
Sunlands Technology Operating 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=operating-margin&ticker=STG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=STG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();