Loading…
Chinese K-12 after-school education company restructured toward non-subject learning, content solutions and international business after China's 2021 tutoring crackdown.
Chinese K-12 after-school education company restructured toward non-subject learning, content solutions and international business after China's 2021 tutoring crackdown.
Earns from tuition and sales: fees from non-school-subject classes, such as enrichment, sales of tablet-style learning devices and study content, and overseas math tutoring under Think Academy. Revenue is far smaller than before China's 2021 rules banned for-profit tutoring in core school subjects, and learning devices and content are a larger part.
In one line: A restructured Chinese Chegg/Kaplan.
Moat: none (brand). Brand recognition survived the 2021 regulatory crackdown but the business model was forcibly restructured away from its former core.
Headquarters: Beijing, China · Founded: 2003 · Employees: 27,900
Size TAL Education Group Sponsored ADR (TAL) is a United States Consumer Discretionary company (Miscellaneous Commercial Services) with a market value of $4.77B, the 1214th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.16 on 6 Nov 2026.
Performance Over six months the shares fell 8.4%, against -7.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue grew 25.6% over the last twelve months (peer median +6.7%); the operating margin is 16.2% (peer median 24.9%).
Valuation It trades at 9.8× forward earnings against a peer median of 10.3× (2nd cheapest of 6).
Capital Return on invested capital runs 20.1 points above its cost of capital (6.3% WACC).
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.34B | $3.02B | $2.25B | $1.49B | $1.02B |
| Revenue growth | — | +34% | +51% | +47% | — |
| Gross profit | $1.90B | $1.67B | $1.20B | $806M | $581M |
| EBITDA | n/a | $350M | $40.7M | -$60.5M | -$76.7M |
| Net income | $738M | $533M | $84.7M | -$3.57M | -$135M |
| Free cash flow | n/a | $510M | $286M | $193M | -$103M |
| Capital expenditure | n/a | $93.9M | $113M | $121M | $110M |
| Total debt | $417M | $387M | $333M | $239M | $158M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| TAL Education Group Sponsored ADR TAL | $4.77B | -8% | +26% | 16% | 9.8× | n/a |
| New Oriental Education & Technology Group, Inc. Sponsored ADR EDU | $7.19B | +3% | +21% | 12% | 13.0× | n/a |
| Gaotu Techedu, Inc. Sponsored ADR GOTU | $552M | +18% | +25% | -7% | 386.9× | -11.9% |
| Youdao, Inc. Sponsored ADR DAO | $2.50B | +59% | +10% | 4% | 59.4× | 33.6% |
| iflytek 002230.SZ | $13.2B | -20% | +11% | -4% | 106.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TAL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.6% | -18.8% | 3rd highest of 6 |
| 6-month return | -8.4% | -7.7% | 3rd lowest of 6 |
| Distance from 52-week high | -23.2% | -35.4% | 3rd highest of 6 |
| Revenue growth (TTM) | +25.6% | +6.7% | highest of 6 |
| Operating margin | 16.2% | 24.9% | 2nd lowest of 6 |
| Forward P/E | 9.8× | 10.3× | 2nd cheapest of 6 |
| ROIC minus cost of capital | +20.1 pp | +2.6 pp | 2nd highest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TAL Education Group Sponsored ADR TAL | United States | $4.77B | -8% | +26% | 16% | 9.8× | n/a | n/a |
| Laureate Education LAUR | United States | $4.56B | +2% | +21% | 26% | 14.5× | -6.7% | +10.7% |
| ADT ADT | United States | $6.66B | +44% | +2% | 25% | 10.3× | -2.9% | -0.7% |
| Grand Canyon Education LOPE | United States | $3.07B | -29% | +7% | 28% | 11.1× | -7.3% | +5.6% |
| Bright Horizons Family Solutions BFAM | United States | $2.57B | -24% | +7% | 10% | 9.8× | 5.0% | +14.1% |
| McGraw Hill MH | United States | $2.08B | -8% | 0% | 16% | 5.6× | -5.6% | +2.6% |