New Oriental Education & Technology Group, Inc.
EDU Consumer Defensive Education & Training Services
New Oriental Education & Technology Group, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $5.7 billion, up 15.5% from fiscal 2025. In the quarter to May 2026, revenue grew 23.0%, EPS grew 900.0% and free cash flow grew 72.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
Follow EDU
New Oriental Education & Technology Group, Inc. (EDU) Altman Z-score
New Oriental Education & Technology Group, Inc.'s Altman Z-score for fiscal 2026 is 2.44, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.44 | (0.17) |
| FY2025 | 2.61 | (1.05) |
| FY2024 | 3.67 | 0.95 |
| FY2023 | 2.71 | 1.35 |
| FY2022 | 1.37 | (1.75) |
| FY2021 | 3.12 | (1.38) |
| FY2020 | 4.50 | (1.09) |
| FY2019 | 5.59 | (0.87) |
| FY2018 | 6.46 | (1.09) |
| FY2017 | 7.56 | 1.29 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.22 | — | 0.27 | |
| Retained earnings / total assets | 0.23 | — | 0.32 | |
| EBIT / total assets | 0.07 | — | 0.24 | |
| Market value of equity / total liabilities | 1.62 | — | 0.97 | |
| Sales / total assets | 0.64 | — | 0.64 | |
| Altman Z-score | Grey zone | 2.44 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.71 | ||
Z and Z″ put New Oriental Education & Technology Group, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LOPE Grand Canyon Education, Inc. compare | 17.5× |
| PRDO Perdoceo Education Corporation compare | 6.7× |
| LRN Stride, Inc. compare | 5.8× |
| LAUR Laureate Education compare | 4.5× |
| CVSA Covista Inc. compare | 4.2× |
| GHC Graham Holdings Company compare | 3.0× |
| TAL TAL Education Group compare | 2.8× |
| EDU New Oriental Education & Technology Group, Inc. | 2.4× |
| MH McGraw Hill, Inc. compare | 0.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets