Last 19 quarters of trend data · Consumer Defensive · Education & Training Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Sunlands Technology Group's quarterly P/E stands at 0.5x, up 60.2% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 0.87 | 0.53 | 0.21 | 0.15 | 0.25 | 0.33 | 0.30 | 0.33 | 0.30 | 0.23 | 0.14 | 0.07 | 0.16 |
| — | +60.2% | -27.6% | -53.4% | -16.8% | +46.5% | +107.8% | +345.3% | +80.9% | +60.9% | +63.9% | -32.0% | — | |
| P/S Ratio | 0.15 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.04 | 0.02 | 0.05 |
| — | +5.8% | -4.6% | -34.4% | -40.5% | -38.2% | +50.6% | +125.2% | +22.6% | +47.5% | +41.0% | -14.1% | -33.8% | |
| P/B Ratio | 0.33 | 0.08 | 0.12 | 0.10 | 0.11 | 0.13 | 0.19 | 0.22 | 0.34 | 0.51 | 0.57 | — | — |
| — | -34.6% | -39.5% | -56.1% | -66.6% | -74.6% | -65.7% | — | — | — | — | — | — | |
| P/FCF | 2.18 | 0.14 | — | — | — | — | — | — | — | — | 1.04 | 0.67 | — |
| — | — | — | — | — | — | — | — | — | — | +32.8% | — | — | |
| EV / EBITDA | -0.27 | -1.79 | -0.61 | -0.61 | -1.11 | -1.05 | -0.59 | -1.07 | -0.83 | -0.62 | -0.67 | -0.54 | -0.12 |
| — | -70.0% | -3.8% | +42.5% | -33.3% | -68.9% | +12.3% | -96.4% | -595.3% | -226.2% | -5927.0% | -399.1% | — | |
| EV / EBIT | -0.29 | -1.79 | -0.64 | -0.61 | -1.05 | -0.89 | -0.52 | -1.00 | -0.89 | -0.44 | -0.65 | -0.53 | -0.12 |
| — | -101.8% | -24.3% | +38.6% | -17.6% | -102.5% | +20.2% | -88.7% | -660.6% | -129.0% | -5722.9% | -470.5% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Sunlands Technology Group's operating margin was 22.4% in Q4 2025, down 4.1 pp QoQ and up 11.9 pp YoY. Gross margin expanded 4.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.9% | 86.8% | 88.5% | 87.1% | 85.2% | 83.1% | 83.3% | 84.4% | 85.3% | 86.4% | 87.8% | 88.7% | 88.0% |
| — | +4.4% | +6.2% | +3.1% | -0.1% | -3.8% | -5.1% | -4.8% | -3.1% | -0.7% | +2.9% | +4.6% | +5.7% | |
| Operating Margin | 22.0% | 22.4% | 26.5% | 23.5% | 15.2% | 10.4% | 13.4% | 15.6% | 20.1% | 22.0% | 23.3% | 29.6% | 31.4% |
| — | +114.2% | +97.5% | +51.0% | -24.2% | -52.5% | -42.4% | -47.4% | -36.1% | -24.0% | -19.4% | +76.1% | +198.2% | |
| Net Margin | 18.1% | 8.2% | 24.0% | 23.5% | 15.4% | 12.0% | 18.2% | 16.7% | 21.5% | 28.6% | 25.1% | 33.0% | 31.8% |
| — | -31.7% | +31.9% | +40.6% | -28.4% | -58.3% | -27.6% | -49.4% | -32.2% | -8.2% | -14.0% | +26.4% | +353.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 47.3% | 4.1% | 14.7% | 17.5% | 11.9% | 10.1% | 17.4% | 18.7% | 33.5% | 76.0% | 199.3% | — | — |
| — | -59.2% | -15.4% | -6.6% | -64.4% | -86.7% | -91.3% | — | — | — | — | — | — | |
| ROA | 17.5% | 1.8% | 5.9% | 5.9% | 3.5% | 2.7% | 4.1% | 3.8% | 5.3% | 7.3% | 6.3% | 8.1% | 8.0% |
| — | -32.0% | +42.7% | +56.9% | -32.7% | -63.1% | -34.3% | -53.1% | -34.2% | -4.8% | -6.7% | +53.3% | +468.9% | |
| ROIC | 84.8% | 16.5% | 25.4% | 32.2% | 22.1% | 13.9% | 35.2% | 408.8% | — | — | — | — | — |
| — | +18.6% | -28.0% | -92.1% | — | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Sunlands Technology Group's Debt/EBITDA ratio is 2.8x, up from 0.9x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 6.8% YoY to 1.18x, strengthening the short-term liquidity position. Debt/Equity has declined for 10 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.15 | 0.21 | 0.24 | 0.31 | 0.47 | 0.59 | 0.74 | 1.12 | 2.38 | — | — |
| — | -52.9% | -68.4% | -65.1% | -66.9% | -72.2% | -80.1% | — | — | — | — | — | — | |
| Debt / EBITDA | 0.29 | 2.76 | 0.94 | 1.16 | 1.97 | 3.23 | 3.50 | 3.39 | 2.60 | 2.44 | 2.36 | 1.98 | 2.69 |
| — | -14.5% | -73.2% | -65.8% | -24.1% | +32.6% | +48.5% | +71.2% | -3.3% | -15.5% | -32.3% | -66.4% | — | |
| Current Ratio | 1.18 | 1.18 | 1.08 | 1.02 | 0.98 | 1.10 | 1.09 | 1.26 | 1.16 | 1.02 | 0.93 | 0.84 | 0.74 |
| — | +6.8% | -1.5% | -19.1% | -15.5% | +8.0% | +17.8% | +49.3% | +56.4% | +55.8% | +50.9% | +42.6% | +5.1% | |
| Quick Ratio | 1.18 | 1.18 | 1.08 | 1.02 | 0.98 | 1.08 | 1.09 | 1.26 | 1.16 | 1.01 | 0.93 | 0.84 | 0.74 |
| — | +9.3% | -1.5% | -19.1% | -15.5% | +7.1% | +17.8% | +49.3% | +56.4% | +55.9% | +50.9% | +54.0% | +14.8% | |
| Interest Coverage | 505.06 | 866.36 | 8637.60 | 515.48 | 211.71 | 90.64 | 58.99 | 59.37 | 65.42 | 112.05 | 73.62 | 83.97 | 91.03 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying STG stock.
Sunlands Technology Group's current P/E is 0.9x. The average P/E over the last 4 quarters is 0.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Sunlands Technology Group's current operating margin is 22.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Sunlands Technology Group's business trajectory between earnings reports.