New Oriental Financials

NWOEF

Source SEC Filings (10-K/10-Q) Updated May 31, 2025 Currency USD FYE May

This page shows New Oriental (NWOEF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 56/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

New Oriental has an operating margin of 8.7%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is up from 8.1% the prior year.

Growth

New Oriental's revenue grew 13.6% year-over-year to $4.9B, a solid pace of expansion. This earns a growth score of 67/100.

Leverage

New Oriental carries a low D/E ratio of 1.05, meaning only $1.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

New Oriental's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

New Oriental converts 13.4% of revenue into free cash flow ($654.7M). This strong cash generation earns a score of 67/100.

Returns

New Oriental's ROE of 10.2% shows moderate profitability relative to equity, earning a score of 41/100. This is up from 8.2% the prior year.

Piotroski F-Score Strong

7/9

New Oriental passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.41x

For every $1 of reported earnings, New Oriental generates $2.41 in operating cash flow ($896.6M OCF vs $371.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

1377.0x

New Oriental earns $1377.0 in operating income for every $1 of interest expense ($428.3M vs $311K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$4.9B

YoY+13.6%

5Y CAGR+6.5%

10Y CAGR+14.7%

New Oriental generated $4.9B in revenue in fiscal year 2025. This represents an increase of 13.6% from the prior year.

EBITDA

$568.1M

YoY+25.9%

5Y CAGR+0.8%

10Y CAGR+11.0%

New Oriental's EBITDA was $568.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.9% from the prior year.

Free Cash Flow

$654.7M

YoY-25.0%

5Y CAGR+5.8%

10Y CAGR+7.5%

New Oriental generated $654.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 25.0% from the prior year.

Net Income

$371.7M

YoY+20.1%

5Y CAGR-2.1%

10Y CAGR+6.8%

New Oriental reported $371.7M in net income in fiscal year 2025. This represents an increase of 20.1% from the prior year.

EPS (Diluted)

$0.23

YoY+27.8%

New Oriental earned $0.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 27.8% from the prior year.

Cash & Debt

$1.6B

YoY+16.1%

5Y CAGR+12.0%

10Y CAGR+11.7%

New Oriental held $1.6B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.58B

YoY-4.1%

New Oriental had 1.58B shares outstanding in fiscal year 2025. This represents a decrease of 4.1% from the prior year.

Gross Margin

55.5%

YoY+3.0pp

5Y CAGR-0.2pp

10Y CAGR-2.3pp

New Oriental's gross margin was 55.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.0 percentage points from the prior year.

Operating Margin

8.7%

YoY+0.6pp

5Y CAGR-2.4pp

10Y CAGR-3.6pp

New Oriental's operating margin was 8.7% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin

7.6%

YoY+0.4pp

5Y CAGR-4.0pp

10Y CAGR-7.9pp

New Oriental's net profit margin was 7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.

Return on Equity

10.2%

YoY+2.0pp

5Y CAGR-5.0pp

10Y CAGR-5.7pp

New Oriental's ROE was 10.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$445.5M

YoY+607.8%

10Y CAGR+22.3%

New Oriental spent $445.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 607.8% from the prior year.

Capital Expenditures

$241.9M

YoY-3.0%

5Y CAGR-4.8%

10Y CAGR+15.9%

New Oriental invested $241.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.0% from the prior year.

NWOEF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.9B+13.6%	$4.3B+43.9%	$3.0B-3.5%	$3.1B-27.4%	$4.3B+19.5%	$3.6B
Cost of Revenue	$2.2B+6.5%	$2.1B+45.5%	$1.4B-19.7%	$1.8B-13.9%	$2.0B+28.2%	$1.6B
Gross Profit	$2.7B+20.1%	$2.3B+42.5%	$1.6B+17.6%	$1.4B-39.7%	$2.2B+12.6%	$2.0B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4B+15.4%	$1.3B+31.3%	$953.6M-48.9%	$1.9B+25.3%	$1.5B+30.1%	$1.1B
Operating Income	$428.3M+22.2%	$350.4M+84.4%	$190.0M+119.3%	-$982.5M-937.8%	$117.3M-70.6%	$399.0M
Interest Expense	$311K+4.4%	$298K-57.9%	$707K-82.5%	$4.0M-40.0%	$6.7M+45.8%	$4.6M
Income Tax	$146.3M+33.4%	$109.7M+66.0%	$66.1M-51.5%	$136.3M+63.1%	$83.6M-37.8%	$134.4M
Net Income	$371.7M+20.1%	$309.6M+74.6%	$177.3M+114.9%	-$1.2B-455.2%	$334.4M-19.1%	$413.3M
EPS (Diluted)	$0.23+27.8%	$0.18+80.0%	$0.10+114.3%	$-0.70-450.0%	$0.20	$0.26

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NWOEF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.8B+3.6%	$7.5B+17.8%	$6.4B+5.9%	$6.0B-40.6%	$10.2B+54.8%	$6.6B
Current Assets	$5.2B-3.7%	$5.4B+22.1%	$4.4B-1.3%	$4.5B-31.9%	$6.6B+75.0%	$3.8B
Cash & Equivalents	$1.6B+16.1%	$1.4B-16.5%	$1.7B+44.8%	$1.1B-28.8%	$1.6B+76.2%	$915.1M
Inventory	$80.9M-12.8%	$92.8M+76.1%	$52.7M+88.7%	$27.9M-10.4%	$31.2M-0.5%	$31.3M
Accounts Receivable	$33.6M+13.3%	$29.7M-10.2%	$33.1M+101.3%	$16.4M+89.6%	$8.7M+107.4%	$4.2M
Goodwill	$43.8M-57.8%	$104.0M-1.5%	$105.5M+49.0%	$70.8M-3.3%	$73.3M-8.8%	$80.4M
Total Liabilities	$3.9B+10.6%	$3.5B+35.1%	$2.6B+15.0%	$2.2B-56.3%	$5.1B+39.2%	$3.7B
Current Liabilities	$3.3B+9.6%	$3.0B+33.3%	$2.3B+31.6%	$1.7B-50.7%	$3.5B+40.0%	$2.5B
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$117.9M
Total Equity	$3.7B-3.0%	$3.8B+4.8%	$3.6B-2.7%	$3.7B-24.6%	$4.9B+79.8%	$2.7B
Retained Earnings	$1.8B+16.9%	$1.5B+23.5%	$1.2B+15.1%	$1.1B-52.7%	$2.3B+13.4%	$2.0B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$7.8B+3.6%	$7.5B+17.8%	$6.4B+5.9%	$6.0B-40.6%	$10.2B+54.8%	$6.6B+41.1%	$4.6B+16.8%	$4.0B
Current Assets	$5.2B-3.7%	$5.4B+22.1%	$4.4B-1.3%	$4.5B-31.9%	$6.6B+75.0%	$3.8B+8.4%	$3.5B+17.8%	$2.9B
Cash & Equivalents	$1.6B+16.1%	$1.4B-16.5%	$1.7B+44.8%	$1.1B-28.8%	$1.6B+76.2%	$915.1M-35.3%	$1.4B+43.8%	$983.3M
Inventory	$80.9M-12.8%	$92.8M+76.1%	$52.7M+88.7%	$27.9M-10.4%	$31.2M-0.5%	$31.3M+7.8%	$29.0M-27.7%	$40.2M
Accounts Receivable	$33.6M+13.3%	$29.7M-10.2%	$33.1M+101.3%	$16.4M+89.6%	$8.7M+107.4%	$4.2M+26.6%	$3.3M+3.8%	$3.2M
Goodwill	$43.8M-57.8%	$104.0M-1.5%	$105.5M+49.0%	$70.8M-3.3%	$73.3M-8.8%	$80.4M+0.9%	$79.6M+150.9%	$31.7M
Total Liabilities	$3.9B+10.6%	$3.5B+35.1%	$2.6B+15.0%	$2.2B-56.3%	$5.1B+39.2%	$3.7B+73.8%	$2.1B+20.3%	$1.8B
Current Liabilities	$3.3B+9.6%	$3.0B+33.3%	$2.3B+31.6%	$1.7B-50.7%	$3.5B+40.0%	$2.5B+23.6%	$2.0B+14.6%	$1.8B
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$117.9M+22.2%	$96.5M	N/A
Total Equity	$3.7B-3.0%	$3.8B+4.8%	$3.6B-2.7%	$3.7B-24.6%	$4.9B+79.8%	$2.7B+15.8%	$2.4B+18.5%	$2.0B
Retained Earnings	$1.8B+16.9%	$1.5B+23.5%	$1.2B+15.1%	$1.1B-52.7%	$2.3B+13.4%	$2.0B+20.6%	$1.6B+21.8%	$1.4B

NWOEF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$896.6M-20.1%	$1.1B+15.6%	$971.0M+175.8%	-$1.3B-213.3%	$1.1B+40.5%	$804.5M
Capital Expenditures	$241.9M-3.0%	$249.4M+74.3%	$143.0M-5.1%	$150.7M-64.9%	$429.2M+38.7%	$309.5M
Free Cash Flow	$654.7M-25.0%	$873.3M+5.5%	$828.0M+157.9%	-$1.4B-304.2%	$700.9M+41.6%	$494.9M
Investing Cash Flow	-$93.4M+91.9%	-$1.2B-2984.4%	-$37.4M-103.2%	$1.2B+153.7%	-$2.2B-73.3%	-$1.3B
Financing Cash Flow	-$585.0M-264.6%	-$160.4M+35.0%	-$246.9M-6.9%	-$230.9M-114.0%	$1.7B+9360.4%	-$17.9M
Dividends Paid	$98.2M	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$445.5M+607.8%	$62.9M-67.2%	$191.6M	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NWOEF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	55.5%+3.0pp	52.4%-0.5pp	53.0%+9.5pp	43.5%-8.9pp	52.4%-3.2pp	55.6%
Operating Margin	8.7%+0.6pp	8.1%+1.8pp	6.3%+38.0pp	-31.6%-34.4pp	2.7%-8.4pp	11.2%
Net Margin	7.6%+0.4pp	7.2%+1.3pp	5.9%+44.2pp	-38.3%-46.1pp	7.8%-3.7pp	11.6%
Return on Equity	10.2%+2.0pp	8.2%+3.3pp	4.9%	N/A	6.8%-8.3pp	15.1%
Return on Assets	4.8%+0.7pp	4.1%+1.3pp	2.8%+22.4pp	-19.7%-23.0pp	3.3%-3.0pp	6.3%
Current Ratio	1.58-0.2	1.80-0.2	1.96-0.7	2.62+0.7	1.89+0.4	1.52
Debt-to-Equity	1.05+0.1	0.92+0.2	0.72+0.1	0.60+0.6	0.00-0.0	0.04
FCF Margin	13.4%-6.9pp	20.2%-7.4pp	27.6%+73.7pp	-46.1%-62.5pp	16.4%+2.6pp	13.8%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.58-0.2	1.80-0.2	1.96-0.7	2.62+0.7	1.89+0.4	1.52-0.2	1.73+0.0	1.68
Debt-to-Equity	1.05+0.1	0.92+0.2	0.72+0.1	0.60+0.6	0.00-0.0	0.040.0	0.04-0.8	0.89
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is New Oriental's annual revenue?

New Oriental (NWOEF) reported $4.9B in total revenue for fiscal year 2025. This represents a 13.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is New Oriental's revenue growing?

New Oriental (NWOEF) revenue grew by 13.6% year-over-year, from $4.3B to $4.9B in fiscal year 2025.

Is New Oriental profitable?

Yes, New Oriental (NWOEF) reported a net income of $371.7M in fiscal year 2025, with a net profit margin of 7.6%.

What is New Oriental's earnings per share (EPS)?

New Oriental (NWOEF) reported diluted earnings per share of $0.23 for fiscal year 2025. This represents a 27.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is New Oriental's EBITDA?

New Oriental (NWOEF) had EBITDA of $568.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is New Oriental's gross margin?

New Oriental (NWOEF) had a gross margin of 55.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is New Oriental's operating margin?

New Oriental (NWOEF) had an operating margin of 8.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is New Oriental's net profit margin?

New Oriental (NWOEF) had a net profit margin of 7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is New Oriental's return on equity (ROE)?

New Oriental (NWOEF) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is New Oriental's free cash flow?

New Oriental (NWOEF) generated $654.7M in free cash flow during fiscal year 2025. This represents a -25.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is New Oriental's operating cash flow?

New Oriental (NWOEF) generated $896.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are New Oriental's total assets?

New Oriental (NWOEF) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are New Oriental's capital expenditures?

New Oriental (NWOEF) invested $241.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does New Oriental buy back shares?

Yes, New Oriental (NWOEF) spent $445.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does New Oriental have outstanding?

New Oriental (NWOEF) had 1.58B shares outstanding as of fiscal year 2025.

What is New Oriental's current ratio?

New Oriental (NWOEF) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.

What is New Oriental's debt-to-equity ratio?

New Oriental (NWOEF) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is New Oriental's return on assets (ROA)?

New Oriental (NWOEF) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is New Oriental's Piotroski F-Score?

New Oriental (NWOEF) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are New Oriental's earnings high quality?

New Oriental (NWOEF) has an earnings quality ratio of 2.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can New Oriental cover its interest payments?

New Oriental (NWOEF) has an interest coverage ratio of 1377.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is New Oriental?

New Oriental (NWOEF) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.