Sunlands Technology Group (STG) Revenue History
Annual and quarterly revenue from 2015 to 2024
Compound Annual Growth Rate (CAGR)
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STG Revenue Growth
Revenue Breakdown (FY 2024)
STG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
STG Revenue Analysis (2015–2024)
As of May 8, 2026, Sunlands Technology Group (STG) generated trailing twelve-month (TTM) revenue of $2.03 billion, reflecting solid growth of +6.5% year-over-year. The most recent quarter (Q3 2025) recorded $523.0 million in revenue, down 3.0% sequentially.
Looking at the longer-term picture, STG's 5-year compound annual growth rate (CAGR) stands at -1.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $2.51 billion in 2021.
Revenue diversification analysis shows STG's business is primarily driven by Sales of products (85%), and Other Revenue (15%). With over half of revenue concentrated in Sales of products, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including TAL (+44.4% YoY), EDU (+7.3% YoY), and COUR (+9.8% YoY), STG has underperformed the peer group in terms of revenue growth. Compare STG vs TAL →
STG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| STGCurrent | $2.0B | +6.5% | -1.9% | 15.0% | |
 TAL | $2.3B | +44.4% | -7.2% | -0.3% | |
 EDU | $4.9B | +7.3% | +6.5% | 8.7% | |
 COUR | $758M | +9.8% | +20.9% | -10.3% | |
 UDMY | $790M | +0.4% | +12.9% | -0.3% | |
 PRDO | $846M | +17.7% | +4.2% | 23.2% |
STG Historical Revenue Data (2015–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.99B | -7.8% | $1.67B | 84.0% | $297.9M | 15.0% |
| 2023 | $2.16B | -7.0% | $1.89B | 87.7% | $574.9M | 26.6% |
| 2022 | $2.32B | -7.4% | $1.97B | 85.0% | $616.9M | 26.6% |
| 2021 | $2.51B | +13.8% | $2.13B | 85.0% | $114.3M | 4.6% |
| 2020 | $2.20B | +0.5% | $1.82B | 82.4% | $-649,018,000 | -29.5% |
| 2019 | $2.19B | +11.1% | $1.80B | 81.9% | $-459,723,000 | -21.0% |
| 2018 | $1.97B | +103.5% | $1.64B | 83.3% | $-1,028,934,000 | -52.1% |
| 2017 | $970.2M | +131.6% | $799.9M | 82.5% | $-927,678,000 | -95.6% |
| 2016 | $418.9M | +163.4% | $347.9M | 83.1% | $-259,041,000 | -61.8% |
| 2015 | $159.0M | - | $97.3M | 61.2% | $-317,167,000 | -199.5% |
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Start ComparisonSTG — Frequently Asked Questions
Quick answers to the most common questions about buying STG stock.
Is STG's revenue growth accelerating or slowing?
STG maintains +6.5% revenue growth, in line with its 5-year CAGR of -1.9%. TTM revenue stands at $2.0B. Growth rate remains consistent with historical average.
What is STG's long-term revenue growth rate?
Sunlands Technology Group's 5-year revenue CAGR of -1.9% reflects the sustained expansion pattern. Current YoY growth of +6.5% is near this long-term average.
How is STG's revenue distributed by segment?
STG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2024 are available for download. Segment mix reveals concentration and diversification trends.