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EDU

New Oriental Education & Technology Group Inc.

EDU

New Oriental Education & Technology Group Inc. • NYSE
$51.14 ▲ 0.55% (+0.28)
Market Cap $8.12 B
52w High $68.53
52w Low $40.66
Dividend Yield 1.20%
P/E 22.23
Volume 685.32K
Outstanding Shares 158.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $1.523B ▲ $574.358M ▼ $241.147M ▲ 15.834% ▲ $1.5 ▲ $339.662M ▲
Q4-2025 $1.243B ▲ $681.957M ▲ $7.119M ▼ 0.573% ▼ $0.045 ▼ $78.33M ▼
Q3-2025 $1.183B ▲ $526.95M ▲ $87.255M ▲ 7.375% ▲ $0.54 ▲ $151.224M ▲
Q2-2025 $1.039B ▼ $521.069M ▼ $31.931M ▼ 3.074% ▼ $0.19 ▼ $45.96M ▼
Q1-2025 $1.435B $558.745M $245.43M 17.098% $1.5 $319.855M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $4.837B ▲ $8.013B ▲ $3.755B ▼ $3.953B ▲
Q4-2025 $4.578B ▲ $7.805B ▲ $3.852B ▲ $3.662B ▼
Q3-2025 $4.295B ▼ $7.447B ▼ $3.472B ▼ $3.686B ▼
Q2-2025 $4.713B ▼ $7.634B ▼ $3.653B ▲ $3.7B ▼
Q1-2025 $4.807B $7.709B $3.47B $3.969B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $7.1M ▲ $399.122M ▲ $-88.292M ▼ $-98.477M ▼ $227.856M ▲ $399.056M ▲
Q3-2025 $0 $963K ▼ $79.891M ▼ $-94.581M ▲ $-21.796M ▼ $-51.437M ▼
Q2-2025 $0 $313.297M ▲ $210.129M ▲ $-238.419M ▼ $259.922M ▲ $252.697M ▲
Q1-2025 $0 ▼ $183.21M ▼ $-295.156M ▲ $-153.494M ▼ $-237.953M ▲ $103.01M ▼
Q4-2024 $26.972M $376.835M $-864.01M $-109.23M $-599.97M $207.542M

Five-Year Company Overview

Income Statement

Income Statement New Oriental’s income statement shows a company that has successfully rebuilt itself after a severe hit from regulation a few years ago. Sales dropped sharply when K‑9 tutoring was shut down, but have since grown strongly as the new business mix — especially non‑academic courses, high school tutoring, overseas test prep, and e‑commerce — has scaled up. Profitability has improved meaningfully: gross profit is healthy, operating profit has turned solidly positive again, and net income has recovered from a deep loss back to consistent profits. Recent margins look stronger and more stable than during the transition period, suggesting the new model is not only working but becoming more efficient. The main watchpoints are: continued dependence on China’s regulatory environment, sensitivity to changes in consumer demand for education and e‑commerce, and the need to keep integrating the newer revenue streams without letting costs drift up again.

Balance Sheet

Balance Sheet The balance sheet looks conservatively managed and much cleaner than a few years ago. Total assets are lower than before the regulatory overhaul, which is consistent with shutting down or restructuring large parts of the old business, but they have stabilized in the last few years. Cash levels are solid, giving the company a comfortable liquidity cushion. Debt has been reduced significantly from earlier years, leaving the business with relatively low leverage and financial risk. Shareholders’ equity has come down from its peak but has been broadly stable more recently, which fits a company that has been restructuring yet is now back to growing and buying back shares. Overall, New Oriental appears to be operating with a strong, low‑debt balance sheet that gives it room to invest and to absorb shocks, though its asset base is now more tightly aligned to the new model and less to large physical tutoring networks.

Cash Flow

Cash Flow Cash flow tells a story of a painful reset followed by a healthy recovery. During the regulatory shock, operating cash flow swung deeply negative, reflecting the abrupt shutdown of core operations and associated costs. Since then, cash generated from day‑to‑day operations has turned solidly positive again and has held up well across recent years. Free cash flow — the cash left after investment in the business — is consistently positive now, helped by disciplined, relatively modest capital spending. This indicates the company is not only profitable on paper but also converting those profits into real cash. Key sensitivities include continued reliance on strong enrollment and e‑commerce traction to sustain cash generation, and the possibility that future technology or content investments could temporarily raise spending needs.

Competitive Edge

Competitive Edge New Oriental retains one of the strongest brands in Chinese private education, built over decades of test prep and overseas study services. That brand trust, nationwide presence, and long history with parents and students remain central advantages, especially in higher‑value segments like overseas consulting and high school tutoring. Regulatory changes actually thinned the competitive field, forcing many smaller or weaker tutoring firms to exit. In the surviving categories, New Oriental benefits from scale, teaching quality, and recognition that are difficult for new entrants to replicate quickly. The pivot into East Buy e‑commerce has added a new competitive angle: a distinctive blend of livestream shopping with educational and cultural content, often hosted by former teachers. This differentiates it from more generic e‑commerce platforms, though it now faces strong competition from larger platforms and must continuously innovate to keep audience attention. Overall, New Oriental’s moat now rests on brand, scale, diversified offerings, and content‑driven e‑commerce, balanced by ongoing regulatory risk and intense competition in both education and online retail.

Innovation and R&D

Innovation and R&D Innovation is now central to New Oriental’s strategy. The company has invested for years in an online‑merge‑offline model, linking physical classrooms with digital platforms. This hybrid approach has become a structural advantage, letting it serve students flexibly and at scale. On the technology side, New Oriental is pushing AI‑enabled learning tools — such as systems that track engagement, correct pronunciation, and generate personalized learning feedback. Its large base of historical learning data is a valuable asset for training and refining these systems. The East Buy platform is itself an innovation in format: turning commerce into an educational, bilingual storytelling experience rather than just product listings. Beyond that, New Oriental is experimenting with non‑academic courses, intelligent learning devices, and educational tourism, all of which extend the brand beyond traditional tutoring. The main risk is that education and AI are highly competitive spaces. To maintain an edge, New Oriental will need to keep updating its technology, content, and formats while staying within evolving regulatory boundaries.

Summary

New Oriental has moved from crisis to reinvention. The income statement shows a business that took a heavy regulatory blow, then rebuilt around new revenue engines and returned to solid profitability. The balance sheet is strong, with good cash, low debt, and a leaner asset base tailored to the new model. Cash flows are again robust, indicating that the turnaround is not just accounting‑driven but backed by real cash generation. Competitively, the firm still benefits from a powerful education brand in China, now combined with a distinctive e‑commerce presence and a more diversified mix of educational services. Its investment in technology, AI, and new product formats supports this transition and may open additional growth paths. At the same time, the company operates under tight and evolving regulation, faces aggressive competitors in both education and e‑commerce, and must execute well to balance growth, innovation, and cost control. Overall, the data depicts a financially sound, more diversified, and increasingly innovative company, emerging from a period of major disruption with renewed momentum but ongoing external and execution risks to watch.

NEWS

November 21, 2025 · 5:29 AM UTC

New Oriental Education & Technology Group Inc. Announces Results of Annual General Meeting

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October 28, 2025 · 5:50 AM UTC

New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2025

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October 28, 2025 · 5:34 AM UTC

New Oriental Announces Cash Dividend and Share Repurchase Program

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October 17, 2025 · 5:00 AM UTC

NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. TO HOLD ANNUAL GENERAL MEETING ON NOVEMBER 21, 2025

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September 25, 2025 · 7:38 AM UTC

New Oriental Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025

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