STG: Sunlands Technology Group Financial Statements

Balance sheet, income statement, and cash flow statements for Sunlands Technology Group (STG).

OverviewDividends

$76.66M Market Cap.

As of 05/28/2025 5:00 PM ET (MRY) • Disclaimer

STG Market Cap. (MRY)


STG Shares Outstanding (MRY)


STG Assets (MRY)


Total Assets

$2.12B

Total Liabilities

$1.52B

Total Investments

$536.11M

STG Income (MRY)


Revenue

$1.99B

Net Income

$342.08M

Operating Expense

$1.37B

STG Cash Flow (MRY)


CF Operations

$195.52M

CF Investing

-$358.86M

CF Financing

-$112.73M

STG Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$2,121,163,000 (0.13%)

$2,118,506,000 (-6.92%)

$2,276,070,000 (-12.21%)

$2,592,620,000 (-20.49%)

Assets Current

$884,313,000 (-14.29%)

$1,031,754,000 (6.46%)

$969,104,000 (-13.98%)

$1,126,584,000 (-27.52%)

Assets Non-Current

$1,236,850,000 (13.81%)

$1,086,752,000 (-16.85%)

$1,306,966,000 (-10.85%)

$1,466,036,000 (-14.10%)

Goodwill & Intangible Assets

$723,000 (-25.85%)

$975,000 (-35.39%)

$1,509,000 (-45.35%)

$2,761,000 (-81.31%)

Shareholders Equity

$601,345,000 (117.06%)

$277,036,000 (173.98%)

-$374,487,000 (62.89%)

-$1,009,226,000 (16.69%)

Property Plant & Equipment Net

$868,369,000 (-5.87%)

$922,490,000 (-15.25%)

$1,088,426,000 (-10.78%)

$1,219,983,000 (22.00%)

Cash & Equivalents

$507,229,000 (-33.81%)

$766,378,000 (1.18%)

$757,404,000 (11.92%)

$676,723,000 (-11.04%)

Accumulated Other Comprehensive Income

$136,164,000 (-4.96%)

$143,276,000 (12.04%)

$127,885,000 (54.95%)

$82,532,000 (-14.47%)

Deferred Revenue

$916,510,000 (-17.72%)

$1,113,923,000 (-34.12%)

$1,690,946,000 (-27.99%)

$2,348,179,000 (-22.36%)

Total Investments

$536,112,000 (163.53%)

$203,438,000 (41.22%)

$144,055,000 (-39.73%)

$239,003,000 (-58.93%)

Investments Current

$276,029,000 (94.27%)

$142,084,000 (101.42%)

$70,542,000 (-61.70%)

$184,159,000 (-64.44%)

Investments Non-Current

$260,083,000 (323.91%)

$61,354,000 (-16.54%)

$73,513,000 (34.04%)

$54,844,000 (-14.43%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

-$1,840,285,000 (15.24%)

-$2,171,284,000 (22.79%)

-$2,812,114,000 (18.63%)

-$3,456,073,000 (5.96%)

Tax Assets

$24,699,000 (0%)

$0 (0%)

$26,799,000 (-31.75%)

$39,265,000 (201.69%)

Tax Liabilities

$5,724,000 (52.97%)

$3,742,000 (-37.47%)

$5,984,000 (-72.53%)

$21,782,000 (43.11%)

Total Debt

$186,897,000 (-39.44%)

$308,607,000 (-40.18%)

$515,882,000 (-19.28%)

$639,070,000 (-15.51%)

Debt Current

$14,471,000 (-68.99%)

$46,673,000 (-16.24%)

$55,719,000 (5.20%)

$52,964,000 (-16.20%)

Debt Non-Current

$172,426,000 (-34.17%)

$261,934,000 (-43.08%)

$460,163,000 (-21.49%)

$586,106,000 (-15.44%)

Total Liabilities

$1,521,305,000 (-17.45%)

$1,842,957,000 (-30.61%)

$2,655,921,000 (-26.36%)

$3,606,772,000 (-19.37%)

Liabilities Current

$801,383,000 (-20.67%)

$1,010,176,000 (-31.66%)

$1,478,144,000 (-22.45%)

$1,905,955,000 (-13.20%)

Liabilities Non-Current

$719,922,000 (-13.55%)

$832,781,000 (-29.29%)

$1,177,777,000 (-30.75%)

$1,700,817,000 (-25.32%)

STG Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$1,990,204,000 (-7.84%)

$2,159,584,000 (-7.04%)

$2,323,101,000 (-7.37%)

$2,507,817,000 (13.80%)

Cost of Revenue

$317,570,000 (19.60%)

$265,528,000 (-23.73%)

$348,150,000 (-7.45%)

$376,189,000 (-2.86%)

Selling General & Administrative Expense

$1,349,721,000 (5.00%)

$1,285,440,000 (-2.26%)

$1,315,175,000 (-32.76%)

$1,956,038,000 (-18.46%)

Research & Development Expense

$25,008,000 (-25.84%)

$33,723,000 (-21.27%)

$42,834,000 (-30.15%)

$61,325,000 (-7.82%)

Operating Expenses

$1,374,729,000 (4.21%)

$1,319,163,000 (-2.86%)

$1,358,009,000 (-32.68%)

$2,017,363,000 (-18.18%)

Interest Expense

$5,293,000 (-30.87%)

$7,657,000 (-23.88%)

$10,059,000 (-7.96%)

$10,929,000 (-6.53%)

Income Tax Expense

$1,300,000 (-94.83%)

$25,166,000 (109.86%)

$11,992,000 (161.13%)

-$19,618,000 (-8212.71%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$342,082,000 (-46.62%)

$640,831,000 (-0.34%)

$643,009,000 (202.78%)

$212,366,000 (149.27%)

Net Income to Non-Controlling Interests

$0 (0%)

$1,000 (100.11%)

-$950,000 (85.80%)

-$6,690,000 (-1400.00%)

Net Income

$342,082,000 (-46.62%)

$640,830,000 (-0.49%)

$643,959,000 (193.97%)

$219,056,000 (150.88%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$342,082,000 (-46.62%)

$640,830,000 (-0.49%)

$643,959,000 (193.97%)

$219,056,000 (150.88%)

Weighted Average Shares

$6,824,824 (-1.08%)

$6,899,456 (0.87%)

$6,840,079 (1.67%)

$6,727,552 (-0.39%)

Weighted Average Shares Diluted

$6,824,824 (-1.08%)

$6,899,456 (0.87%)

$6,840,079 (1.67%)

$6,727,552 (-0.39%)

Earning Before Interest & Taxes (EBIT)

$348,675,000 (-48.24%)

$673,653,000 (1.15%)

$666,010,000 (216.59%)

$210,367,000 (150.20%)

Gross Profit

$1,672,634,000 (-11.69%)

$1,894,056,000 (-4.10%)

$1,974,951,000 (-7.35%)

$2,131,628,000 (17.35%)

Operating Income

$297,905,000 (-48.18%)

$574,893,000 (-6.82%)

$616,942,000 (439.92%)

$114,265,000 (117.61%)

STG Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$358,860,000 (-399.68%)

-$71,818,000 (-174.67%)

$96,182,000 (-71.93%)

$342,681,000 (198.10%)

Net Cash Flow from Financing

-$112,728,000 (-50.99%)

-$74,658,000 (-9.94%)

-$67,911,000 (-74.56%)

-$38,904,000 (34.15%)

Net Cash Flow from Operations

$195,519,000 (38.86%)

$140,798,000 (1439.79%)

$9,144,000 (102.45%)

-$373,251,000 (-97.86%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$259,149,000 (-2987.78%)

$8,974,000 (-88.88%)

$80,681,000 (196.06%)

-$83,987,000 (86.91%)

Net Cash Flow - Business Acquisitions and Disposals

$7,364,000 (257.48%)

$2,060,000 (369.99%)

-$763,000 (-105.96%)

$12,799,000 (373.51%)

Net Cash Flow - Investment Acquisitions and Disposals

-$365,857,000 (-440.90%)

-$67,638,000 (-167.56%)

$100,113,000 (-69.90%)

$332,622,000 (202.32%)

Capital Expenditure

-$220,000 (96.10%)

-$5,645,000 (-78.19%)

-$3,168,000 (-2878.95%)

$114,000 (100.44%)

Issuance (Repayment) of Debt Securities

-$101,779,000 (-163.31%)

-$38,654,000 (0.00%)

-$38,654,000 (-13.56%)

-$34,038,000 (-4.73%)

Issuance (Purchase) of Equity Shares

-$10,949,000 (-130.51%)

-$4,750,000 (-243.72%)

$3,305,000 (167.92%)

-$4,866,000 (81.69%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

-$31,254,000 (4.02%)

-$32,562,000 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$16,920,000 (15.48%)

$14,652,000 (-66.14%)

$43,266,000 (398.12%)

-$14,513,000 (67.38%)

Share Based Compensation

$0 (0%)

$0 (0%)

$7,181,000 (835.03%)

$768,000 (-97.42%)

Depreciation Amortization & Accretion

$47,593,000 (-12.35%)

$54,300,000 (-26.18%)

$73,562,000 (-20.98%)

$93,087,000 (131.17%)

STG Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

84.00% (-4.22%)

87.70% (3.18%)

85.00% (0.00%)

85.00% (3.16%)

Profit Margin

17.20% (-42.09%)

29.70% (7.22%)

27.70% (218.39%)

8.70% (144.62%)

EBITDA Margin

19.90% (-40.95%)

33.70% (5.97%)

31.80% (162.81%)

12.10% (170.35%)

Return on Average Equity (ROAE)

67.40% (-94.11%)

1143.50% (1328.25%)

-93.10% (-372.59%)

-19.70% (-144.57%)

Return on Average Assets (ROAA)

15.90% (-47.00%)

30.00% (13.21%)

26.50% (253.33%)

7.50% (163.03%)

Return on Sales (ROS)

17.50% (-43.91%)

31.20% (8.71%)

28.70% (241.67%)

8.40% (144.21%)

Return on Invested Capital (ROIC)

39.10% (-63.22%)

106.30% (-4.15%)

110.90% (345.38%)

24.90% (166.94%)

Dividend Yield

0% (0%)

0% (0%)

8.60% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

1.65 (5.99%)

1.55 (43.93%)

1.08 (-44.55%)

1.95 (169.60%)

Price to Sales Ratio (P/S)

0.28 (-38.61%)

0.46 (54.18%)

0.3 (75.88%)

0.17 (-68.86%)

Price to Book Ratio (P/B)

0.93 (-73.98%)

3.58 (297.68%)

-1.81 (-328.91%)

-0.42 (57.88%)

Debt to Equity Ratio (D/E)

2.53 (-61.97%)

6.65 (193.80%)

-7.09 (-98.43%)

-3.57 (3.20%)

Earnings Per Share (EPS)

25.06 (-46.04%)

46.44 (-1.34%)

47.07 (189.13%)

16.28 (151.08%)

Sales Per Share (SPS)

19.97 (-9.52%)

22.07 (-9.40%)

24.36 (-16.34%)

29.12 (16.74%)

Free Cash Flow Per Share (FCFPS)

14.31 (46.09%)

9.79 (2141.19%)

0.44 (101.58%)

-27.73 (-74.48%)

Book Value Per Share (BVPS)

44.06 (119.44%)

20.08 (173.34%)

-27.37 (63.50%)

-75.01 (16.37%)

Tangible Assets Book Value Per Share (TABVPS)

155.35 (1.23%)

153.46 (-7.71%)

166.27 (-13.62%)

192.48 (-19.90%)

Enterprise Value Over EBIT (EV/EBIT)

1 (0.00%)

1 (0.00%)

1 (-50.00%)

2 (200.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

0.7 (-8.89%)

0.77 (-7.72%)

0.83 (-21.42%)

1.05 (141.26%)

Asset Turnover

0.92 (-8.61%)

1.01 (5.87%)

0.95 (11.32%)

0.86 (40.49%)

Current Ratio

1.1 (8.03%)

1.02 (55.64%)

0.66 (11.00%)

0.59 (-16.53%)

Dividends

$0 (0%)

$0 (0%)

$0.63 (0%)

$0 (0%)

Free Cash Flow (FCF)

$195,299,000 (44.50%)

$135,153,000 (2161.60%)

$5,976,000 (101.60%)

-$373,137,000 (-73.79%)

Enterprise Value (EV)

$37,827,922 (-51.84%)

$78,543,502 (-10.76%)

$88,009,483 (75.97%)

$50,014,421 (-66.23%)

Earnings Before Tax (EBT)

$343,382,000 (-48.44%)

$665,996,000 (1.53%)

$655,951,000 (228.90%)

$199,438,000 (146.30%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$396,268,000 (-45.56%)

$727,953,000 (-1.57%)

$739,572,000 (143.72%)

$303,454,000 (180.11%)

Invested Capital

$998,725,000 (53.75%)

$649,584,000 (17.06%)

$554,895,000 (-14.14%)

$646,251,000 (-38.22%)

Working Capital

$82,930,000 (284.33%)

$21,578,000 (104.24%)

-$509,040,000 (34.69%)

-$779,371,000 (-21.50%)

Tangible Asset Value

$2,120,440,000 (0.14%)

$2,117,531,000 (-6.90%)

$2,274,561,000 (-12.17%)

$2,589,859,000 (-20.22%)

Market Capitalization

$76,657,629 (-45.17%)

$139,818,502 (43.80%)

$97,232,154 (45.95%)

$66,619,050 (-64.12%)

Average Equity

$507,370,750 (805.36%)

$56,041,000 (108.10%)

-$691,856,500 (37.69%)

-$1,110,347,500 (-13.90%)

Average Assets

$2,156,592,250 (0.91%)

$2,137,158,500 (-12.21%)

$2,434,345,000 (-16.82%)

$2,926,757,000 (-19.03%)

Invested Capital Average

$892,172,750 (40.80%)

$633,625,500 (5.50%)

$600,573,000 (-29.02%)

$846,164,500 (-24.92%)

Shares

6,783,861 (-1.31%)

6,874,066 (3.08%)

6,668,872 (-0.90%)

6,729,197 (-1.23%)