New Oriental Education & Technology Group Inc (NWOEF) Financials

NWOEF

FY2025 annual

Revenue $4.9B +13.6% YoY

Net Income $371.7M +20.1% YoY

EPS (Diluted) $0.23 +27.8% YoY

Free Cash Flow $654.7M -25.0% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended May 31, 2025 Reported Sep 25, 2025 Currency USD FYE May

Newest figures come from the 10-K for FY2025, filed Sep 25, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NWOEF SEC filings page.

New Oriental Education & Technology Group Inc (NWOEF) reported $4.9B in revenue for fiscal year 2025, up 13.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI NWOEF FY2025 2026-08-30

Growth is widening margins, but weaker cash conversion and shareholder distributions are tightening the balance-sheet cushion.

In FY2025, net income rose to $372M while operating cash flow fell to $897M; earnings therefore grew faster than the cash they produced. With capital expenditures broadly stable at $242M, free cash flow still declined to $655M, pointing to a working-capital or timing drag rather than heavier reinvestment.

Revenue increased 13.6% and gross margin reached 55.5% in FY2025, showing improved economics before overhead. Operating margin was 8.7%, only modestly above FY2024's 8.1%, so selling and administrative costs absorbed much of the gross-margin gain.

The near-term liquidity buffer narrowed: current ratio fell from 1.8x to 1.6x, while the reported debt-to-equity ratio reached 1.1x. FY2025 buybacks and dividends totaled $543M, helping explain the $585M financing outflow and showing that capital returns were sizeable while equity declined.

Financial Health Signals

Financial health score not available

New Oriental Education & Technology Group Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Grey Zone

2.54

New Oriental Education & Technology Group Inc scores 2.54, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

New Oriental Education & Technology Group Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.41x

For every $1 of reported earnings, New Oriental Education & Technology Group Inc 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

1,377.01x

New Oriental Education & Technology Group Inc earns $1,377.01 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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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$1.6B

YoY+16.1%

QoQ+16.1%

New Oriental Education & Technology Group Inc held $1.6B in cash as of Q4 2025; long-term debt is not reported for that period.

Shares Outstanding

1.58B

YoY-4.1%

QoQ-4.1%

New Oriental Education & Technology Group Inc had 1.58B shares outstanding in Q4 2025. This represents a decrease of 4.1% from the same quarter a year earlier. Against the prior quarter it is down 4.1%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

NWOEF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NWOEF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.9B+13.6%	$4.3B+43.9%	$3.0B-3.5%	$3.1B-27.4%	$4.3B+19.5%	$3.6B+15.6%	$3.1B+26.5%	$2.4B+36.0%	$1.8B+21.7%	$1.5B+18.6%	$1.2B+9.5%	$1.1B+18.7%	$959.9M+27.4%	$753.2M+39.5%	$539.9M
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+15.4%	$1.4B+29.1%	$1.1B+42.2%	$749.6M+22.0%	$614.4M+16.7%	$526.3M+16.5%	$451.7M+17.6%	$384.2M+31.1%	$293.1M+37.1%	$213.8M
Gross Profit	$2.7B+20.1%	$2.3B+42.5%	$1.6B+17.6%	$1.4B-39.7%	$2.2B+12.6%	$2.0B+15.7%	$1.7B+24.5%	$1.4B+31.6%	$1.0B+21.5%	$864.0M+19.9%	$720.4M+4.8%	$687.2M+19.4%	$575.7M+25.1%	$460.1M+41.1%	$326.1M
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+11.3%	$1.0B+29.5%	$794.5M+43.2%	$554.9M+17.8%	$471.0M+24.5%	$378.4M+16.7%	$324.2M+4.2%	$311.0M+37.4%	$226.4M+52.6%	$148.4M
Operating Income	$428.3M+22.2%	$350.4M+84.4%	$190.0M+119.3%	-$982.5M-937.8%	$117.3M-70.6%	$399.0M+30.6%	$305.5M+16.2%	$263.0M+0.3%	$262.1M+31.8%	$198.8M+29.5%	$153.5M-22.3%	$197.6M+61.2%	$122.6M+2.0%	$120.2M+27.6%	$94.2M
EBITDA	$568.1M+25.9%	$451.1M+46.9%	$307.1M+138.9%	-$790.2M-330.4%	$342.9M-37.1%	$545.3M+31.2%	$415.6M+22.2%	$340.0M+7.6%	$316.0M+28.4%	$246.1M+22.9%	$200.2M-17.0%	$241.1M+49.3%	$161.5M+10.4%	$146.4M+32.4%	$110.6M
Interest Expense	$311K+4.4%	$298K-57.9%	$707K-82.5%	$4.0M-40.0%	$6.7M+45.8%	$4.6M+186.5%	$1.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$146.3M+33.4%	$109.7M+66.0%	$66.1M-51.5%	$136.3M+63.1%	$83.6M-37.8%	$134.4M+56.8%	$85.7M+44.3%	$59.4M+17.4%	$50.6M+34.9%	$37.5M+43.1%	$26.2M+0.7%	$26.0M+69.6%	$15.4M+42.5%	$10.8M+30.8%	$8.2M
Net Income	$371.7M+20.1%	$309.6M+74.6%	$177.3M+114.9%	-$1.2B-455.2%	$334.4M-19.1%	$413.3M+73.6%	$238.1M-19.6%	$296.1M+7.9%	$274.5M+22.0%	$224.9M+16.5%	$193.0M-10.5%	$215.7M+58.3%	$136.3M+2.7%	$132.7M+30.4%	$101.8M
EPS (Basic)	$0.23+21.1%	$0.19+72.7%	$0.11+115.7%	-$0.70-450.0%	$0.20-23.1%	$0.26+73.3%	$0.15-92.0%	$1.87+7.5%	$1.74+21.7%	$1.43+16.3%	$1.23-10.9%	$1.38+56.8%	$0.88+2.3%	$0.86+30.3%	$0.66
EPS (Diluted)	$0.23+27.8%	$0.18+80.0%	$0.10+114.3%	-$0.70-450.0%	$0.20	$0.26+73.3%	$0.15	$1.87+7.5%	$1.74+21.7%	$1.43+16.3%	$1.23-10.2%	$1.37+57.5%	$0.87+2.4%	$0.85+30.8%	$0.65
Diluted Shares (Avg)	1.63B-2.3%	1.67B-1.0%	1.69B-0.6%	1.70B+2.7%	1.65B	1.60B+0.3%	1.59B	159M+0.4%	158M+0.4%	157M+0.1%	157M-0.4%	158M+0.1%	158M+0.6%	157M+0.5%	156M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NWOEF Balance Sheet

NWOEF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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+36.0%	$2.9B+24.2%	$2.4B+20.7%	$2.0B+21.7%	$1.6B+18.5%	$1.4B+19.9%	$1.1B+30.7%	$863.4M
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+26.5%	$2.3B+24.4%	$1.9B+38.6%	$1.3B+9.3%	$1.2B+15.2%	$1.1B+19.6%	$895.4M+32.6%	$675.3M
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+53.4%	$641.0M-9.6%	$709.2M+33.5%	$531.3M+43.0%	$371.6M-10.9%	$417.2M-2.6%	$428.3M+35.0%	$317.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$16.7M-85.9%	$118.8M	$0	$0	$0-100.0%	$321.2M+123.5%	$143.7M
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+26.6%	$31.7M+16.3%	$27.3M+13.8%	$24.0M+7.2%	$22.4M-0.8%	$22.5M+12.3%	$20.1M+11.5%	$18.0M
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-4.9%	$3.3M-10.8%	$3.7M-11.3%	$4.2M+51.8%	$2.8M-21.2%	$3.5M-7.0%	$3.8M+129.2%	$1.7M
Long-Term Investments	$388.5M+9.2%	$355.8M-11.0%	$399.6M-8.8%	$437.9M+95.2%	$224.3M+11.1%	$201.8M-50.1%	$404.7M-6.6%	$433.3M+99.5%	$217.3M+21.5%	$178.9M-45.1%	$326.0M+178.4%	$117.1M+1316.6%	$8.3M+312.9%	$2.0M+100000.0%	$2K
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+125.3%	$14.1M+33.6%	$10.5M-5.8%	$11.2M+203.2%	$3.7M-1.8%	$3.8M+109.1%	$1.8M-76.3%	$7.6M
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+46.3%	$1.2B+30.9%	$920.2M+26.5%	$727.7M+25.9%	$577.8M+16.4%	$496.2M+13.2%	$438.4M+51.6%	$289.1M
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+45.6%	$1.2B+31.0%	$918.2M+26.6%	$725.2M+25.9%	$576.1M+17.6%	$489.8M+11.8%	$438.3M+52.2%	$288.0M
Non-Current Liabilities	$562.0M+16.6%	$481.8M+47.5%	$326.7M-38.5%	$531.0M-68.0%	$1.7B+37.6%	$1.2B+948.0%	$115.2M+849.8%	$12.1M+446.5%	$2.2M+12.0%	$2.0M-19.5%	$2.5M+42.9%	$1.7M-72.9%	$6.4M+5573.2%	$112K-90.2%	$1.1M
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$117.9M+22.2%	$96.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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+18.5%	$1.7B+19.7%	$1.4B+15.1%	$1.2B+19.0%	$1.0B+19.7%	$857.3M+24.2%	$690.4M+20.2%	$574.2M
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+15.5%	$1.2B+25.7%	$931.9M+13.1%	$824.0M+25.9%	$654.7M+30.7%	$500.8M+29.4%	$387.0M+19.6%	$323.4M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
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+36.0%
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+26.5%
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+53.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%
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+26.6%
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-4.9%
Long-Term Investments	$388.5M+9.2%	$355.8M-11.0%	$399.6M-8.8%	$437.9M+95.2%	$224.3M+11.1%	$201.8M-50.1%	$404.7M-6.6%	$433.3M+99.5%
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+125.3%
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+46.3%
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+45.6%
Non-Current Liabilities	$562.0M+16.6%	$481.8M+47.5%	$326.7M-38.5%	$531.0M-68.0%	$1.7B+37.6%	$1.2B+948.0%	$115.2M+849.8%	$12.1M+446.5%
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+18.5%
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+15.5%

NWOEF Cash Flow Statement

NWOEF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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-0.1%	$805.6M+3.1%	$781.1M+25.4%	$622.7M+18.8%	$524.3M+40.1%	$374.1M+3.5%	$361.3M+27.4%	$283.6M+13.8%	$249.3M+15.5%	$215.8M
Depreciation & Amortization	$139.8M+38.9%	$100.6M-14.0%	$117.0M-39.1%	$192.3M-14.8%	$225.7M+54.2%	$146.3M+33.0%	$110.0M+42.8%	$77.1M+43.1%	$53.9M+13.9%	$47.3M+1.3%	$46.7M+7.1%	$43.6M+11.8%	$39.0M+48.7%	$26.2M+59.8%	$16.4M
Stock-Based Compensation	$59.9M-51.1%	$122.5M+36.4%	$89.8M-32.5%	$133.0M+93.0%	$68.9M+11.0%	$62.1M-13.0%	$71.3M+24.2%	$57.4M+183.2%	$20.3M+20.7%	$16.8M+7.1%	$15.7M-21.9%	$20.1M-26.3%	$27.2M+12.9%	$24.1M+60.4%	$15.0M
Capital Expenditures	$241.9M-3.0%	$249.4M+74.3%	$143.0M-5.1%	$150.7M-64.9%	$429.2M+38.7%	$309.5M+15.0%	$269.1M+25.6%	$214.3M+102.6%	$105.7M+64.2%	$64.4M+16.4%	$55.3M+74.5%	$31.7M-48.4%	$61.5M-14.3%	$71.7M+45.9%	$49.1M
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-7.8%	$536.5M-5.4%	$566.9M+9.7%	$517.0M+12.4%	$459.9M+44.3%	$318.8M-3.3%	$329.6M+48.4%	$222.2M+25.1%	$177.6M+6.6%	$166.7M
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-118.6%	-$574.7M-41.2%	-$407.1M+39.4%	-$672.4M-117.1%	-$309.7M-78.6%	-$173.4M+49.6%	-$344.4M-44.8%	-$237.9M-65.5%	-$143.7M+27.5%	-$198.2M
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-106.7%	$266.6M+456.1%	-$74.9M-1662.6%	$4.8M+623.1%	-$916K+97.9%	-$44.3M+18.1%	-$54.1M+23.6%	-$70.8M-7597.2%	$945K-85.3%	$6.4M
Dividends Paid	$98.2M	N/A	N/A	N/A	N/A	N/A	N/A	$71.2M	N/A	$62.7M	N/A	$54.5M+15.9%	$47.0M	N/A	N/A
Share Buybacks	$445.5M+607.8%	$62.9M-67.2%	$191.6M	N/A	N/A	N/A	$56.0M	N/A	N/A	N/A	$59.4M+176.5%	$21.5M-24.6%	$28.5M	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

NWOEF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NWOEF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	55.5%+3.0pp	52.4%-0.5pp	53.0%+9.5pp	43.5%-8.9pp	52.4%-3.2pp	55.6%+0.1pp	55.5%-0.9pp	56.5%-1.9pp	58.3%-0.1pp	58.4%+0.7pp	57.8%-2.6pp	60.3%+0.4pp	60.0%-1.1pp	61.1%+0.7pp	60.4%
Operating Margin	8.7%+0.6pp	8.1%+1.8pp	6.3%+38.0pp	-31.6%-34.4pp	2.7%-8.4pp	11.2%+1.3pp	9.9%-0.9pp	10.7%-3.8pp	14.6%+1.1pp	13.5%+1.1pp	12.3%-5.0pp	17.3%+4.6pp	12.8%-3.2pp	16.0%-1.5pp	17.4%
Net Margin	7.6%+0.4pp	7.2%+1.3pp	5.9%+44.2pp	-38.3%-46.1pp	7.8%-3.7pp	11.6%+3.9pp	7.7%-4.4pp	12.1%-3.1pp	15.3%0.0pp	15.2%-0.3pp	15.5%-3.5pp	18.9%+4.7pp	14.2%-3.4pp	17.6%-1.2pp	18.9%
Return on Equity	10.2%+2.0pp	8.2%+3.3pp	4.9%+37.0pp	-32.0%-38.9pp	6.8%-8.3pp	15.1%+5.0pp	10.1%-4.8pp	14.9%-1.5pp	16.3%+0.3pp	16.0%+0.2pp	15.8%-5.2pp	21.0%+5.1pp	15.9%-3.3pp	19.2%+1.5pp	17.7%
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%+1.2pp	5.1%-2.3pp	7.4%-1.9pp	9.4%-0.2pp	9.6%-0.3pp	9.9%-3.6pp	13.5%+3.4pp	10.1%-1.7pp	11.8%0.0pp	11.8%
Current Ratio	1.58-0.2x	1.80-0.2x	1.96-0.7x	2.62+0.7x	1.89+0.4x	1.52-0.2x	1.730.0x	1.68-0.3x	1.93-0.1x	2.04+0.2x	1.86-0.3x	2.140.0x	2.19+0.1x	2.04-0.3x	2.34
Debt-to-Equity	1.05+0.1x	0.92+0.2x	0.72+0.1x	0.60+0.6x	0.000.0x	0.040.0x	0.04-0.8x	0.89+0.2x	0.72+0.1x	0.66+0.1x	0.600.0x	0.560.0x	0.58-0.1x	0.64+0.1x	0.50
Asset Turnover	0.63+0.1x	0.57+0.1x	0.470.0x	0.51+0.1x	0.42-0.1x	0.55-0.1x	0.67+0.1x	0.620.0x	0.620.0x	0.630.0x	0.64-0.1x	0.710.0x	0.710.0x	0.670.0x	0.63
FCF Margin	13.4%-6.9pp	20.2%-7.4pp	27.6%+73.7pp	-46.1%-62.5pp	16.4%+2.6pp	13.8%-3.5pp	17.3%-5.8pp	23.2%-5.6pp	28.7%-2.4pp	31.1%+5.5pp	25.6%-3.4pp	28.9%+5.8pp	23.2%-0.4pp	23.6%-7.3pp	30.9%

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	1.58-0.2x	1.80-0.2x	1.96-0.7x	2.62+0.7x	1.89+0.4x	1.52-0.2x	1.730.0x	1.68-0.3x
Debt-to-Equity	1.05+0.1x	0.92+0.2x	0.72+0.1x	0.60+0.6x	0.000.0x	0.040.0x	0.04-0.8x	0.89+0.2x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where New Oriental Education & Technology Group Inc Ranks

Frequently Asked Questions

What is New Oriental Education & Technology Group Inc's annual revenue?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's revenue growing?

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

Is New Oriental Education & Technology Group Inc profitable?

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

What is New Oriental Education & Technology Group Inc's EBITDA?

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

What is New Oriental Education & Technology Group Inc's gross margin?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's operating margin?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's net profit margin?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's return on equity (ROE)?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's free cash flow?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's operating cash flow?

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

What are New Oriental Education & Technology Group Inc's total assets?

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

What are New Oriental Education & Technology Group Inc's capital expenditures?

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

Does New Oriental Education & Technology Group Inc buy back shares?

Yes, New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc have outstanding?

New Oriental Education & Technology Group Inc (NWOEF) had 1.58B shares outstanding as of fiscal year 2025.

What is New Oriental Education & Technology Group Inc's current ratio?

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

What is New Oriental Education & Technology Group Inc's debt-to-equity ratio?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's return on assets (ROA)?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc's Altman Z-Score?

New Oriental Education & Technology Group Inc (NWOEF) has an Altman Z-Score of 2.54, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is New Oriental Education & Technology Group Inc's Piotroski F-Score?

New Oriental Education & Technology Group Inc (NWOEF) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are New Oriental Education & Technology Group Inc's earnings high quality?

New Oriental Education & Technology Group Inc (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 Education & Technology Group Inc cover its interest payments?

New Oriental Education & Technology Group Inc (NWOEF) has an interest coverage ratio of 1,377.01x, 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.

New Oriental Education & Technology Group Inc (NWOEF) Financials

Growth is widening margins, but weaker cash conversion and shareholder distributions are tightening the balance-sheet cushion.

Financial Health Signals

Key Financial Metrics

Earnings & Revenue

Cash & Balance Sheet

Margins & Returns

Capital Allocation

NWOEF Income Statement

NWOEF Balance Sheet

NWOEF Cash Flow Statement

NWOEF Financial Ratios

Where New Oriental Education & Technology Group Inc Ranks

Frequently Asked Questions

What is New Oriental Education & Technology Group Inc's annual revenue?

How fast is New Oriental Education & Technology Group Inc's revenue growing?

Is New Oriental Education & Technology Group Inc profitable?

What is New Oriental Education & Technology Group Inc's earnings per share (EPS)?

What is New Oriental Education & Technology Group Inc's EBITDA?

What is New Oriental Education & Technology Group Inc's gross margin?

What is New Oriental Education & Technology Group Inc's operating margin?

What is New Oriental Education & Technology Group Inc's net profit margin?

What is New Oriental Education & Technology Group Inc's return on equity (ROE)?

What is New Oriental Education & Technology Group Inc's free cash flow?

What is New Oriental Education & Technology Group Inc's operating cash flow?

What are New Oriental Education & Technology Group Inc's total assets?

What are New Oriental Education & Technology Group Inc's capital expenditures?

Does New Oriental Education & Technology Group Inc buy back shares?

How many shares does New Oriental Education & Technology Group Inc have outstanding?

What is New Oriental Education & Technology Group Inc's current ratio?

What is New Oriental Education & Technology Group Inc's debt-to-equity ratio?

What is New Oriental Education & Technology Group Inc's return on assets (ROA)?

What is New Oriental Education & Technology Group Inc's Altman Z-Score?

What is New Oriental Education & Technology Group Inc's Piotroski F-Score?

Are New Oriental Education & Technology Group Inc's earnings high quality?

Can New Oriental Education & Technology Group Inc cover its interest payments?