Sunlands Technology Group (STG)

NYSE: STG · Services-Educational Services · Beijing, CN · filing with the SEC since 2017

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Grade5.5

◀ Past 6.0● Present 6.2▶ Future 4.2

1 est.

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The grade of Sunlands Technology Group

Nine metrics read from its own filings, by tense

Headline grade

5.5/10

◀ Past6.030% of the headline

● Present6.240% of the headline

▶ Future4.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 73rd percentile among 42 sector filers · read for itself

From the record

Sunlands Technology Group's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.3/10

What has it actually done, year after year?

+19.1% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 53rd percentile among 39 sector filers · read for its customers

From the record

Sunlands Technology Group's 10 filed years say what it did: revenue went from CNY 419 million in fiscal 2016 to CNY 2.0 billion in fiscal 2025, up 19.1% a year; it rose in 6 of 9 years; the deepest fall was 21% from fiscal 2021 to fiscal 2024; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span19.1%top 29% of its family
the share of years revenue rosebottom 41% of its family
the share of filed years with a profitbottom 45% of its family
the deepest fall from a revenue peak20.6%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

5.6/10

How has it treated the people who own it?

Share count shrank 0.5% a year. 6% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 56th percentile among 28 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Sunlands Technology Group's diluted share count shrank about 0.5% a year, and dividends and buybacks returned about 6% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 34% of its family
cash returned against operating cash flowbottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

7.3/10

Is it financially healthy right now?

ROE 39%: 39¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.

weight 33% of this tense · 73rd percentile among 42 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Sunlands Technology Group earned about 39 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 86 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count shrank 1.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 37% of its family
return on equitytop 4% of its family
gross profit against assetstop 10% of its family
the share count against the year beforetop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

6.0/10

How strong is its position in its industry?

top 40% of 41 in its family; net margin 18.1%.

weight 45% of this tense · 60th percentile among 41 sector filers · read for its customers

From the record

Sunlands Technology Group's standing among 41 graded names in its industry family: revenue of CNY 2.0 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 18.1% ranks in the top 11%; revenue growth of -4.6% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).

What it rests on

net margin18.1%top 11% of its family
three-year revenue growth-4.6%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 16 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sunlands Technology Group's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

6.6/10

How much room does it have to grow?

top 34% of 41 in its family for room to expand.

weight 22% of this tense · 66th percentile among 41 sector filers · read for itself

From the record

Sunlands Technology Group's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 576 million against debt of CNY 0 thousand leaves 28.1% of its assets as net cash, top 25% of its family; cash from operations less capital spending is 7.3% of revenue (top 35%); a gross margin of 86.9% (top 1%); research spending of 1.5% of revenue (bottom 26%) (its annual report).

What it rests on

cash less debt against assets28.1%top 25% of its family
cash from operations less capital spending against revenue7.3%top 35% of its family
gross margin86.9%top 1% of its family
research spending against revenue1.5%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.1/10

What could actually drive growth from here?

bottom 31% of 39 in its family for growth drivers.

weight 45% of this tense · 31st percentile among 39 sector filers · read for its customers

From the record

Sunlands Technology Group's growth drivers, from the filed years to fiscal 2025: revenue grew -4.6% a year over the last three filed years against 19.1% over all 10, slowing (bottom 27% of its family); the newest year grew 1.5% (bottom 37%); research spending grew -11.6% a year (bottom 47%); capital spending grew -59.6% a year (bottom 13%) (its annual reports). Sunlands Technology Group tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-23.7 points a yearbottom 27% of its family
the newest year's revenue growth1.5%bottom 37% of its family
three-year growth of research spending-11.6%bottom 47% of its family
three-year growth of capital spending-59.6%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 36 in its family for expectations against reality.

weight 33% of this tense · 41st percentile among 36 sector filers · read for its shareholders

From the record

Sunlands Technology Group's newest year against its own record: revenue of CNY 2.0 billion in fiscal 2025 came in 9.6% above the CNY 1.8 billion its prior three years' pace pointed to (top 15% of its family); net income of CNY 366 million against a prior three-year average of CNY 542 million (bottom 15%); a net margin of 18.1% against 24.9% before (bottom 24%) (its annual reports).

What it rests on

revenue against the prior three years' pace9.6%top 15% of its family
net income against the prior three years' average-33%bottom 15% of its family
net margin against its prior average-6.8 pointsbottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton STG · research, not advice