Sunlands Technology Group Sponsored ADR
STG Consumer Defensive Education & Training Services
Sunlands Technology Group Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $288.8 million, up 5.93% from fiscal 2024. In the quarter to June 2026, revenue fell 20.4%, EPS fell 29.0% and free cash flow grew 135.4%, each against the same quarter a year earlier.
Follow STG
Sunlands Technology Group Sponsored ADR (STG) Altman Z-score
Sunlands Technology Group Sponsored ADR's Altman Z-score for fiscal 2025 is 1.08, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.08 | 0.63 |
| FY2024 | 0.46 | (0.36) |
| FY2023 | 0.82 | 0.74 |
| FY2022 | 0.07 | 1.12 |
| FY2021 | −1.04 | 0.59 |
| FY2020 | −1.63 | (0.99) |
| FY2019 | −0.64 | 0.23 |
| FY2018 | −0.88 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.09 | |
| Retained earnings / total assets | (0.73) | — | −1.02 | |
| EBIT / total assets | 0.22 | — | 0.72 | |
| Market value of equity / total liabilities | 0.51 | — | 0.30 | |
| Sales / total assets | 0.99 | — | 0.99 | |
| Altman Z-score | Distress zone | 1.08 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.50 | ||
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 |
|---|---|
| WAFU Wah Fu Education & Technology Group Limited compare | 2.8× |
| EDTK Skillful Craftsman Education Technology Limited compare | 2.5× |
| YOUL Youlife Group Inc. compare | 2.2× |
| STG Sunlands Technology Group Sponsored ADR | 1.1× |
| FEDU Four Seasons Education (Cayman) Inc. Unsponsored ADR compare | 0.5× |
| EEIQ EpicQuest Education Group International Limited compare | −0.4× |
| MYND Mynd.ai, Inc. Unsponsored ADR compare | −3.5× |
| YQ 17 Education & Technology Group Inc. Sponsored ADR compare | −25.6× |
| ZME Zhangmen Education Inc. Sponsored ADR compare | — |
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