Sunlands Tech Financials

STG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 58/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Sunlands Tech has an operating margin of 15.0%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 26.6% the prior year.

Growth

Sunlands Tech's revenue declined 10.4% year-over-year, from $304.2M to $272.7M. This contraction results in a growth score of 0/100.

Leverage

100

Sunlands Tech carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Sunlands Tech's current ratio of 1.10 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.

Cash Flow

Sunlands Tech has a free cash flow margin of 9.8%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Sunlands Tech earns a strong 56.9% return on equity (ROE), meaning it generates $57 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 231.3% the prior year.

Altman Z-Score Distress

0.42

Sunlands Tech scores 0.42, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Sunlands Tech passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.57x

For every $1 of reported earnings, Sunlands Tech generates $0.57 in operating cash flow ($26.8M OCF vs $46.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

56.3x

Sunlands Tech earns $56.3 in operating income for every $1 of interest expense ($40.8M vs $725K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Sunlands Tech (STG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

Revenue

$272.7M

YoY-10.4%

5Y CAGR-2.9%

Sunlands Tech generated $272.7M in revenue in fiscal year 2024. This represents a decrease of 10.4% from the prior year.

EBITDA

$44.9M

YoY-47.4%

Sunlands Tech's EBITDA was $44.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 47.4% from the prior year.

Free Cash Flow

$26.8M

YoY+40.7%

Sunlands Tech generated $26.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 40.7% from the prior year.

Net Income

$46.9M

YoY-48.1%

Sunlands Tech reported $46.9M in net income in fiscal year 2024. This represents a decrease of 48.1% from the prior year.

EPS (Diluted)

$6.87

YoY-47.5%

Sunlands Tech earned $6.87 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 47.5% from the prior year.

Cash & Debt

$69.5M

YoY-35.4%

5Y CAGR-19.2%

Sunlands Tech held $69.5M in cash against $4.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

84.0%

YoY-3.7pp

5Y CAGR+2.1pp

Sunlands Tech's gross margin was 84.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.

Operating Margin

15.0%

YoY-11.6pp

5Y CAGR+35.9pp

Sunlands Tech's operating margin was 15.0% in fiscal year 2024, reflecting core business profitability. This is down 11.6 percentage points from the prior year.

Net Margin

17.2%

YoY-12.5pp

5Y CAGR+35.2pp

Sunlands Tech's net profit margin was 17.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 12.5 percentage points from the prior year.

Return on Equity

56.9%

YoY-174.4pp

Sunlands Tech's ROE was 56.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 174.4 percentage points from the prior year.

R&D Spending

$3.4M

YoY-27.9%

5Y CAGR-25.2%

Sunlands Tech invested $3.4M in research and development in fiscal year 2024. This represents a decrease of 27.9% from the prior year.

Share Buybacks

$1.5M

YoY+124.2%

5Y CAGR-19.9%

Sunlands Tech spent $1.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 124.2% from the prior year.

Capital Expenditures

$35K

YoY-95.7%

5Y CAGR-60.3%

Sunlands Tech invested $35K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 95.7% from the prior year.

STG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$272.7M-10.4%	$304.2M-9.7%	$336.8M-14.4%	$393.5M+16.5%	$337.7M+7.2%	$315.1M
Cost of Revenue	$43.5M+16.3%	$37.4M-25.9%	$50.5M-14.5%	$59.0M-0.5%	$59.4M+4.3%	$56.9M
Gross Profit	$229.2M-14.1%	$266.8M-6.8%	$286.3M-14.4%	$334.5M+20.2%	$278.4M+7.8%	$258.2M
R&D Expenses	$3.4M-27.9%	$4.8M-23.5%	$6.2M-35.5%	$9.6M-5.6%	$10.2M-30.2%	$14.6M
SG&A Expenses	$18.2M-9.8%	$20.2M-25.0%	$26.9M-17.4%	$32.6M-22.8%	$42.2M-19.1%	$52.2M
Operating Income	$40.8M-49.6%	$81.0M-9.5%	$89.4M+398.9%	$17.9M+118.0%	-$99.5M-50.6%	-$66.0M
Interest Expense	$725K-32.7%	$1.1M-26.1%	$1.5M-15.0%	$1.7M-4.3%	$1.8M-12.8%	$2.1M
Income Tax	$178K-95.0%	$3.5M+103.9%	$1.7M+156.5%	-$3.1M-8450.0%	-$36K-110.3%	$350K
Net Income	$46.9M-48.1%	$90.3M-3.3%	$93.4M+171.6%	$34.4M+152.1%	-$66.0M-16.3%	-$56.7M
EPS (Diluted)	$6.87-47.5%	$13.08-4.2%	$13.65	N/A	N/A	N/A

Metric	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
Cost of Revenue	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
R&D Expenses	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
Operating Income	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
Income Tax	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
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

STG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$290.6M-2.6%	$298.4M-9.6%	$330.0M-18.9%	$406.8M-18.6%	$499.8M-12.3%	$570.1M
Current Assets	$121.2M-16.6%	$145.3M+3.4%	$140.5M-20.5%	$176.8M-25.8%	$238.2M-18.9%	$293.6M
Cash & Equivalents	$69.5M-35.4%	$107.6M-1.5%	$109.3M+11.1%	$98.3M-15.6%	$116.6M-42.1%	$201.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$208.4M-19.7%	$259.6M-32.6%	$385.1M-32.0%	$566.0M-17.4%	$685.5M+1.4%	$676.1M
Current Liabilities	$109.8M-22.8%	$142.3M-33.6%	$214.3M-28.3%	$299.1M-11.1%	$336.5M+4.6%	$321.7M
Long-Term Debt	$4.8M-67.1%	$14.7M-29.1%	$20.8M-27.2%	$28.6M+16.0%	$24.6M-11.3%	$27.7M
Total Equity	$82.4M+111.1%	$39.0M+171.9%	-$54.3M+65.7%	-$158.4M+14.7%	-$185.7M-75.1%	-$106.0M
Retained Earnings	-$252.1M+17.6%	-$305.8M+25.0%	-$407.7M+24.8%	-$542.3M+3.7%	-$563.2M-20.9%	-$466.1M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$290.6M-2.6%	$298.4M-9.6%	$330.0M-18.9%	$406.8M-18.6%	$499.8M-12.3%	$570.1M+4.8%	$543.8M
Current Assets	$121.2M-16.6%	$145.3M+3.4%	$140.5M-20.5%	$176.8M-25.8%	$238.2M-18.9%	$293.6M-21.8%	$375.7M
Cash & Equivalents	$69.5M-35.4%	$107.6M-1.5%	$109.3M+11.1%	$98.3M-15.6%	$116.6M-42.1%	$201.4M+10.9%	$181.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$208.4M-19.7%	$259.6M-32.6%	$385.1M-32.0%	$566.0M-17.4%	$685.5M+1.4%	$676.1M+14.0%	$593.1M
Current Liabilities	$109.8M-22.8%	$142.3M-33.6%	$214.3M-28.3%	$299.1M-11.1%	$336.5M+4.6%	$321.7M-4.4%	$336.6M
Long-Term Debt	$4.8M-67.1%	$14.7M-29.1%	$20.8M-27.2%	$28.6M+16.0%	$24.6M-11.3%	$27.7M-15.5%	$32.8M
Total Equity	$82.4M+111.1%	$39.0M+171.9%	-$54.3M+65.7%	-$158.4M+14.7%	-$185.7M-75.1%	-$106.0M-115.0%	-$49.3M
Retained Earnings	-$252.1M+17.6%	-$305.8M+25.0%	-$407.7M+24.8%	-$542.3M+3.7%	-$563.2M-20.9%	-$466.1M-12.4%	-$414.5M

STG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$26.8M+35.1%	$19.8M+1392.1%	$1.3M+102.3%	-$58.6M-102.6%	-$28.9M+62.3%	-$76.6M
Capital Expenditures	$35K-95.7%	$812K+72.8%	$470K-78.1%	$2.1M+12.7%	$1.9M-46.4%	$3.6M
Free Cash Flow	$26.8M+40.7%	$19.0M+2114.0%	$859K+101.4%	-$60.7M-97.0%	-$30.8M+61.6%	-$80.2M
Investing Cash Flow	-$49.2M-386.0%	-$10.1M-172.5%	$13.9M-74.1%	$53.8M+200.4%	-$53.5M-151.1%	$104.8M
Financing Cash Flow	-$15.4M-46.9%	-$10.5M-6.8%	-$9.8M-61.3%	-$6.1M+32.6%	-$9.1M+1.7%	-$9.2M
Dividends Paid	N/A	$4.4M-6.8%	$4.7M	N/A	N/A	N/A
Share Buybacks	$1.5M+124.2%	$669K-31.5%	$977K+27.9%	$764K-81.2%	$4.1M-10.4%	$4.5M

Metric	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
Capital Expenditures	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
Investing Cash Flow	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
Dividends Paid	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

STG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	84.0%-3.7pp	87.7%+2.7pp	85.0%0.0pp	85.0%+2.6pp	82.4%+0.5pp	81.9%
Operating Margin	15.0%-11.6pp	26.6%+0.1pp	26.6%+22.0pp	4.6%+34.0pp	-29.4%-8.5pp	-20.9%
Net Margin	17.2%-12.5pp	29.7%+2.0pp	27.7%+19.0pp	8.7%+28.3pp	-19.5%-1.5pp	-18.0%
Return on Equity	56.9%-174.4pp	231.3%	N/A	N/A	N/A	N/A
Return on Assets	16.1%-14.1pp	30.3%+2.0pp	28.3%+19.8pp	8.5%+21.7pp	-13.2%-3.3pp	-10.0%
Current Ratio	1.10+0.1	1.02+0.4	0.66+0.1	0.59-0.1	0.71-0.2	0.91
Debt-to-Equity	0.06-0.3	0.38+0.8	-0.38-0.2	-0.18-0.0	-0.13+0.1	-0.26
FCF Margin	9.8%+3.6pp	6.3%+6.0pp	0.3%+15.7pp	-15.4%-6.3pp	-9.1%+16.3pp	-25.4%

Metric	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
Operating Margin	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
Return on Equity	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
Current Ratio	1.10+0.1	1.02+0.4	0.66+0.1	0.59-0.1	0.71-0.2	0.91-0.2	1.12
Debt-to-Equity	0.06-0.3	0.38+0.8	-0.38-0.2	-0.18-0.0	-0.13+0.1	-0.26+0.4	-0.67
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Sunlands Tech's annual revenue?

Sunlands Tech (STG) reported $272.7M in total revenue for fiscal year 2024. This represents a -10.4% 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 Sunlands Tech's revenue growing?

Sunlands Tech (STG) revenue declined by 10.4% year-over-year, from $304.2M to $272.7M in fiscal year 2024.

Is Sunlands Tech profitable?

Yes, Sunlands Tech (STG) reported a net income of $46.9M in fiscal year 2024, with a net profit margin of 17.2%.

What is Sunlands Tech's earnings per share (EPS)?

Sunlands Tech (STG) reported diluted earnings per share of $6.87 for fiscal year 2024. This represents a -47.5% 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 Sunlands Tech's EBITDA?

Sunlands Tech (STG) had EBITDA of $44.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Sunlands Tech have?

As of fiscal year 2024, Sunlands Tech (STG) had $69.5M in cash and equivalents against $4.8M in long-term debt.

What is Sunlands Tech's gross margin?

Sunlands Tech (STG) had a gross margin of 84.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Sunlands Tech's operating margin?

Sunlands Tech (STG) had an operating margin of 15.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Sunlands Tech's net profit margin?

Sunlands Tech (STG) had a net profit margin of 17.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Sunlands Tech's return on equity (ROE)?

Sunlands Tech (STG) has a return on equity of 56.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Sunlands Tech's free cash flow?

Sunlands Tech (STG) generated $26.8M in free cash flow during fiscal year 2024. This represents a 40.7% 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 Sunlands Tech's operating cash flow?

Sunlands Tech (STG) generated $26.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Sunlands Tech's total assets?

Sunlands Tech (STG) had $290.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Sunlands Tech's capital expenditures?

Sunlands Tech (STG) invested $35K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Sunlands Tech spend on research and development?

Sunlands Tech (STG) invested $3.4M in research and development during fiscal year 2024.

Does Sunlands Tech buy back shares?

Yes, Sunlands Tech (STG) spent $1.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Sunlands Tech's current ratio?

Sunlands Tech (STG) had a current ratio of 1.10 as of fiscal year 2024, which is considered adequate.

What is Sunlands Tech's debt-to-equity ratio?

Sunlands Tech (STG) had a debt-to-equity ratio of 0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sunlands Tech's return on assets (ROA)?

Sunlands Tech (STG) had a return on assets of 16.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Sunlands Tech's Altman Z-Score?

Sunlands Tech (STG) has an Altman Z-Score of 0.42, placing it in the Distress Zone (elevated bankruptcy 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 Sunlands Tech's Piotroski F-Score?

Sunlands Tech (STG) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Sunlands Tech's earnings high quality?

Sunlands Tech (STG) has an earnings quality ratio of 0.57x, considered mixed 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 Sunlands Tech cover its interest payments?

Sunlands Tech (STG) has an interest coverage ratio of 56.3x, 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 Sunlands Tech?

Sunlands Tech (STG) scores 58 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.