New Oriental Education & Technology Group Inc. logo EDU - New Oriental Education & Technology Group Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $56.50 DETAILS
HIGH: $56.50
LOW: $56.50
MEDIAN: $56.50
CONSENSUS: $56.50
DOWNSIDE: 5.06%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue
Revenue 5,681.5 4,900.3 4,313.6 2,997.8 3,105.2 4,276.5 3,578.7 3,096.5 2,447.4 1,799.5 1,478.3 1,246.8 1,138.9 959.9 771.7 557.9 386.3 292.6 201.0 136.4 98.3 77.7 53.4 42.0
Cost of Revenue 2,577.3 2,183.3 2,051.0 1,409.4 1,754.3 2,036.9 1,588.9 1,376.3 1,065.7 749.6 614.4 526.7 451.7 384.2 304.0 222.6 147.3 112.0 77.2 55.2 41.0 33.1 23.1 17.6
Gross Profit 3,104.2 2,717.0 2,262.6 1,588.3 1,351.0 2,239.7 1,989.8 1,720.2 1,381.7 1,049.9 864.0 720.1 687.2 575.7 467.7 335.2 239.0 180.6 123.8 81.2 57.4 44.7 30.3 24.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2,458.6 2,232.8 1,912.2 1,398.3 2,333.5 2,090.6 1,590.8 1,418.3 1,118.7 787.8 668.9 568.6 493.3 453.1 350.9 238.2 161.7 119.6 78.4 54.1 49.2 31.2 24.8 2.5
Other Expenses 0 56.0 0 0 0 31.8 0 0 0 0 0 0 (3.6) 0 0 0 0 0 0 0 0 0 0 18.9
Operating Expenses 2,458.6 2,288.7 1,912.2 1,398.3 2,333.5 2,122.4 1,590.8 1,418.3 1,118.7 787.8 668.9 568.6 489.7 453.1 350.9 238.2 161.7 119.6 78.4 54.1 49.2 31.2 24.8 21.4
Operating Income
Operating Income 645.5 428.2 350.4 190.0 (982.5) 117.3 399.0 305.5 263.0 262.1 198.8 153.5 153.5 122.6 116.8 95.5 77.3 60.9 45.3 207.6 7.9 13.4 5.5 3.0
Interest Expense 0 0.3 0.3 0.7 4.0 6.7 4.6 1.6 0 0 0 0 0 0 0 0 0 0 0 0 1.3 0.8 0.4 0
Interest Income 0 119.6 153.6 114.5 123.5 141.5 116.1 97.5 84.8 61.4 66.9 66.6 44.9 30.1 25.5 13.0 6.5 6.6 8.0 0 0.3 0.4 0.5 0
Profitability
EBITDA 645.5 595.4 542.0 424.8 (834.2) 551.9 643.3 431.2 436.1 386.1 243.6 200.9 237.8 161.8 169.8 126.8 89.7 71.5 60.3 34.2 13.0 16.9 6.3 3.0
EBIT 645.5 488.5 435.2 302.1 (1,028.4) 321.7 492.5 317.5 357.0 330.7 195.1 153.5 193.9 122.6 143.5 109.8 77.3 60.9 52.5 27.1 7.9 13.9 6.3 3.0
Income Before Tax 715.3 522.1 434.9 301.4 (1,084.0) 313.6 489.2 313.6 357.0 327.4 262.9 218.4 243.2 152.0 143.5 109.8 83.5 68.1 52.7 240.2 6.6 13.2 5.9 3.3
Income Tax Expense 196.8 146.3 109.7 66.1 136.3 83.6 134.4 85.7 59.4 50.6 37.5 26.2 26.0 15.4 10.8 8.2 6.0 7.3 3.6 1.8 1.7 0.7 0.3 0.2
Net Income 476.9 372.4 309.6 177.3 (1,187.7) 334.4 413.3 238.1 296.1 274.5 224.9 193.0 215.7 136.3 132.7 101.8 77.8 61.0 49.0 29.6 6.2 17.2 6.3 2.3
Per Share Data
EPS (Basic) 3.00 2.30 1.90 1.10 -7.00 2.00 2.60 1.50 1.90 1.70 1.40 1.20 1.40 0.88 0.86 0.66 0.52 0.41 0.33 0.21 0.03 0.17 0.06 0.02
EPS (Diluted) 3.00 2.30 1.80 1.00 -7.00 2.00 2.60 1.50 1.90 1.70 1.40 1.20 1.40 0.87 0.85 0.65 0.50 0.40 0.31 0.20 0.06 0.16 0.06 0.02
Shares Outstanding 157.8 162.0 165.4 167.8 169.6 164.5 158.4 158.3 158.2 157.6 156.8 156.4 156.0 155.8 154.6 153.9 151.0 149.6 150.0 134.2 100 100 100 100
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Current Assets
Cash & Cash Equivalents 2,000.3 1,612.4 1,389.4 1,663.0 1,148.6 1,612.2 915.1 1,414.2 983.3 641.0 709.2 531.3 371.6 417.2 428.3 317.3 281.1 254.8 208.4 204.4 33.4 0 0 28.0
Short-Term Investments 3,291.7 2,965.6 3,385.7 2,333.6 3,042.3 4,648.8 2,603.1 1,777.4 1,731.5 1,524.8 1,024.8 669.0 741.9 555.0 371.8 296.4 137.9 59.8 53.0 3.0 0 0 0 0
Net Receivables 44.7 189.9 193.8 136.8 125.5 118.5 4.2 3.3 3.2 3.3 3.7 29.8 28.3 16.8 3.8 9.3 1.9 1.5 0.9 1.1 0.7 0 0 0
Inventory 105.8 80.9 92.8 52.7 27.9 31.2 31.3 29.0 40.2 31.7 27.3 24.0 22.4 22.5 20.1 25.0 17.2 15.2 10.7 6.4 4.6 0 0 0
Other Current Assets 389.1 192.6 189.9 209.5 12.4 15.5 154.7 184.6 120.1 75.5 67.3 26.0 37.6 10.7 25.0 0.8 3.6 2.2 0.9 3.7 2.6 0 0 0
Total Current Assets 5,831.7 5,187.7 5,388.9 4,413.9 4,474.0 6,574.2 3,756.4 3,466.2 2,941.9 2,326.3 1,869.3 1,348.9 1,233.7 1,070.8 898.7 675.3 463.8 347.7 286.8 220.9 43.4 0 0 28.0
Non-Current Assets
Property, Plant & Equipment 1,734.4 1,561.2 1,161.9 799.3 933.8 2,722.6 2,097.9 532.0 449.6 282.8 237.7 231.5 225.3 247.3 204.3 160.4 118.1 109.8 103.1 90.6 90.2 0 0 0
Goodwill 46.6 43.8 104.0 105.5 70.8 73.3 80.4 79.6 31.7 14.1 10.5 11.2 3.7 3.8 1.8 7.6 2.8 2.7 0 0 0.2 0 0 0
Intangible Assets 7.8 67.9 23.1 28.5 6.4 18.8 16.3 20.3 12.3 7.7 6.5 8.2 5.1 5.4 4.3 8.5 4.2 4.4 3.7 3.5 3.2 0 0 0
Long-Term Investments 491.9 744.1 525.0 862.3 437.9 537.7 431.1 404.7 433.3 217.3 178.9 326.0 117.1 8.3 2.0 0.0 0.0 0.0 0 0 1.2 0 0 0
Other Non-Current Assets 574.3 102.8 256.1 127.0 91.7 120.9 111.5 82.2 65.5 48.0 27.5 20.8 16.4 14.8 16.5 10.6 5.9 3.7 2.0 0.0 0.1 0 0 0
Total Non-Current Assets 2,960.2 2,617.8 2,142.8 1,978.6 1,560.7 3,576.9 2,800.5 1,180.3 1,035.8 598.7 485.5 602.7 369.9 282.6 230.2 188.1 132.6 121.7 109.9 95.2 95.7 0 0 0
Total Assets 8,791.9 7,805.5 7,531.7 6,392.5 6,034.7 10,151.1 6,556.9 4,646.6 3,977.7 2,925.0 2,354.8 1,951.5 1,603.5 1,353.4 1,128.8 863.4 596.4 469.4 396.7 316.1 139.1 134.5 80.1 61.9
Current Liabilities
Account Payables 126.9 80.5 105.7 69.8 22.3 38.4 33.1 34.1 39.9 24.3 21.4 17.9 8.6 8.6 8.9 9.5 11.0 9.3 7.0 5.7 4.5 0 0 0
Short-Term Debt 285.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.3 0 0 0
Deferred Revenue 2,242.9 1,962.4 1,788.1 1,357.0 955.5 1,939.4 1,340.3 1,316.9 1,281.7 875.3 652.7 511.2 394.1 341.9 277.7 194.3 107.1 74.8 59.2 43.2 30.5 0 0 0
Other Current Liabilities 937.8 216.3 193.2 163.4 133.4 229.2 141.3 115.5 25.6 17.9 14.0 7.8 11.2 7.5 6.2 51.1 0 0 0 2.0 1.3 0 0 34.4
Total Current Liabilities 3,889.6 3,289.8 3,000.9 2,251.0 1,710.1 3,471.4 2,479.4 2,006.2 1,750.9 1,202.7 918.2 725.2 576.1 489.8 438.3 288 168.7 117.8 97.9 68.9 58.0 0 0 34.4
Non-Current Liabilities
Long-Term Debt 0 14.4 14.4 14.7 65.4 297.6 117.9 96.5 0 0 0 0 0 0 0 0 0 0 0 0 12.8 0 0 3.6
Deferred Tax Liabilities 14.1 14.2 19.4 23.8 19.2 13.2 11.9 18.8 12.1 2.2 2.0 2.5 1.7 1.8 0.1 1.1 0.1 0.2 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 13.2 0 18.8 0 0 0 0 0 4.5 0 0 0 0 0 0 (0.0) 0 0 2.1
Total Non-Current Liabilities 577.9 562.0 481.8 326.7 531.0 1,661.4 1,207.7 115.2 12.1 2.2 2.0 2.5 1.7 6.4 0.1 1.1 0.1 0.2 0 0 12.8 0 0 5.7
Total Liabilities 4,467.5 3,851.8 3,482.7 2,577.7 2,241.1 5,132.9 3,687.1 2,121.5 1,763.0 1,204.9 920.2 727.7 577.8 496.2 438.4 289.1 168.8 117.9 97.9 68.9 70.8 76.0 53.0 40.1
Stockholders' Equity
Common Stock 0 1.7 1.7 1.7 1.7 1.7 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.6 1.0 0 0 0
Retained Earnings 0 1,770.7 1,514.4 1,225.9 1,065.4 2,253.4 1,986.4 1,647.6 1,352.5 1,171.1 931.9 824.0 654.7 500.8 387.0 323.4 224.8 147.1 88.5 45.4 15.1 26.5 0 0
Accumulated Other Comprehensive Income 0 422.3 390.0 437.3 576.8 709.3 289.2 282.5 508.4 259.1 247.6 253.1 195.4 190.6 140.4 46.6 23.3 23.4 30.9 2.3 7.0 0 0 0
Total Stockholders' Equity 3,986.3 3,661.9 3,775.9 3,604.3 3,705.5 4,913.3 2,736.9 2,360.7 1,982.7 1,680.9 1,404.6 1,220.3 1,025.8 857.3 690.4 574.2 427.6 351.2 298.7 247.0 65.0 58.5 27.0 21.8
Total Liabilities & Equity 8,791.9 7,805.5 7,531.7 6,392.5 6,034.7 10,151.1 6,556.9 4,646.6 3,977.7 2,925.0 2,354.8 1,951.5 1,603.5 1,353.4 1,128.8 863.4 596.4 469.4 396.7 316.1 139.1 134.5 80.1 61.9
Debt Metrics
Total Debt 848.8 803.8 662.3 458.6 680.4 2,162.3 1,580.0 96.5 0 0 0 0 0 0 0 0 0 0 0 0 23.1 0 0 3.6
Net Debt (1,151.4) (808.6) (727.0) (1,204.4) (468.2) 550.1 665.0 (1,060.7) (983.3) (641.0) (709.2) (531.3) (371.6) (417.2) (428.3) (317.3) (281.1) (254.8) (208.4) (204.4) (9.8) 0 0 (24.4)
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Operating Activities
Net Income 475.2 375.8 309.6 235.4 (1,220.3) 230.0 354.9 227.8 297.2 276.8 225.3 192.7 215.7 136.3 132.7 101.5 77.6 61.0 49.0 29.6 6.3 12.5
Depreciation & Amortization 0 145.9 106.8 122.7 194.4 230.4 151.0 114.0 79.0 55.4 48.5 47.4 43.8 39.2 26.4 17.0 12.3 10.6 7.8 7.1 5.3 2.9
Stock-Based Compensation 88.5 59.9 122.5 89.8 133.0 68.9 62.1 71.3 57.4 20.3 16.8 15.7 20.1 27.2 24.1 15.0 16.2 16.8 4.6 36.8 8.2 0
Change in Working Capital 0 250.7 518.9 537.9 (1,154.0) 528.9 191.5 310.8 366.1 263.7 225.5 118.8 83.8 81.6 69.2 80.9 37.3 10.1 11.2 18.2 6.2 (2.8)
Other Non-Cash Items 463.4 93.5 86.1 16.8 676.8 116.5 53.6 98.9 (3.9) 2.5 3.6 5.1 0.1 3.0 0.2 2.4 0.3 (0.1) 4.3 (31.7) 0.0 8.0
Operating Cash Flow 1,027.1 896.6 1,122.6 971.0 (1,280.5) 1,130.1 804.5 805.6 781.1 618.1 517.9 374.1 361.3 283.6 249.3 215.8 141.9 97.2 76.7 59.5 25.8 20.4
Investing Activities
Capital Expenditure 0 (259.2) (283.4) (143.0) (150.7) (436.3) (309.5) (276.9) (219.6) (105.7) (64.4) (55.3) (31.7) (61.5) (71.7) (49.6) (19.6) (16.0) (11.4) (8.1) (12.2) (41.7)
Acquisitions 0 (10.5) 0 0.9 (33.9) (12.7) 13.9 (46.2) (1.0) (0.9) 3.0 47.8 (16.1) (16.4) (3.5) (0.6) (0.5) (0.5) (2.0) 0 (0.3) (0.5)
Purchases of Investments 0 (4,328.0) (3,685.8) (3,325.3) (983.5) (5,564.6) (3,305.5) (3,828.8) (1,434.8) (1,276.0) (1,076.2) (980.5) (2,017.6) (168.0) (658.6) (139.9) 0 0 (46.9) 0 0 0
Sales/Maturities of Investments 0 4,510.4 2,816.2 3,429.0 2,361.1 3,773.3 2,326.7 3,575.3 1,238.4 709.2 829.9 814.0 1,720.8 2.5 3.2 1.3 0 0 0.6 0 0 2.8
Other Investing Activities (457.7) (23.4) (35.0) 1.0 (24.3) 62.6 18.1 1.8 10.2 1.1 (2.0) 0.7 0.2 5.5 586.9 (9.4) (77.8) (5.8) (0.1) (2.8) (2.5) (0.7)
Investing Cash Flow (457.7) (93.4) (1,153.9) (37.4) 1,168.5 (2,177.6) (1,256.4) (574.7) (406.7) (672.3) (309.7) (173.4) (344.4) (237.9) (143.7) (198.2) (97.9) (22.3) (59.8) (11.0) (15.0) (40.1)
Financing Activities
Net Debt Issuance 0 0 (0.2) (48.8) (222.0) 177.1 20 96.5 0 0 0 0 0 0 0 0 0 0.0 0 (23.6) (13.1) 18.9
Stock Repurchased 0 (445.5) (62.9) (191.6) 0 0 0 (56.0) (89.6) 0 0 (59.4) (21.5) (28.5) 0 0 (30.0) (35.5) (27.3) 0 0 0
Dividends Paid 0 (98.2) 0 0 0 0 0 0 (71.2) 0 (62.7) 0 (54.5) (47.0) 0 0 0 0 0 0 (8.0) (7.9)
Other Financing Activities (380.2) (41.3) (97.3) (4.3) (9.0) (35.6) (37.9) (7.2) 85.9 4.2 66.0 15.1 21.8 4.7 0 0 0 0 (0.3) (0.4) (0.0) (1.3)
Financing Cash Flow (380.2) (585.0) (160.4) (246.9) (230.9) 1,654.1 (17.9) 266.6 (74.9) 4.8 5.5 (44.3) (54.1) (70.8) 0.9 6.4 (17.6) (30.1) (19.3) 126.7 (19.8) 31.9
Cash Position
Net Change in Cash 279.4 228.0 (216.3) 610.9 (437.6) 712.7 (498.8) 431.5 342.3 (67.0) 177.9 159.7 (45.6) (11.1) 111.0 36.2 26.3 46.3 4.0 170.2 (7.6) 40.6
Cash at Beginning 1,817.1 1,589.1 1,805.4 1,194.5 1,632.1 919.4 1,418.2 986.8 641.0 709.2 531.3 371.6 417.2 428.3 317.3 281.1 254.8 208.4 204.4 34.2 43.1 0
Cash at End 2,096.5 1,817.1 1,589.1 1,805.4 1,194.5 1,632.1 919.4 1,418.2 983.3 641.0 709.2 531.3 371.6 417.2 428.3 317.3 281.1 254.8 208.4 204.4 33.4 40.6
Free Cash Flow 1,027.1 637.4 839.3 828.0 (1,431.2) 693.7 494.9 528.8 561.5 512.4 453.5 318.8 329.6 222.2 177.6 166.3 122.3 81.2 65.3 51.4 13.6 (21.3)
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Income Statement
Revenue 5,681.5 4,900.3 4,313.6 2,997.8 3,105.2 4,276.5 3,578.7 3,096.5 2,447.4 1,799.5 1,478.3 1,246.8 1,138.9 959.9 771.7 557.9 386.3 292.6 201.0 136.4 98.3 77.7 53.4 42.0
Gross Profit 3,104.2 2,717.0 2,262.6 1,588.3 1,351.0 2,239.7 1,989.8 1,720.2 1,381.7 1,049.9 864.0 720.1 687.2 575.7 467.7 335.2 239.0 180.6 123.8 81.2 57.4 44.7 30.3 24.4
Operating Income 645.5 428.2 350.4 190.0 (982.5) 117.3 399.0 305.5 263.0 262.1 198.8 153.5 153.5 122.6 116.8 95.5 77.3 60.9 45.3 207.6 7.9 13.4 5.5 3.0
Net Income 476.9 372.4 309.6 177.3 (1,187.7) 334.4 413.3 238.1 296.1 274.5 224.9 193.0 215.7 136.3 132.7 101.8 77.8 61.0 49.0 29.6 6.2 17.2 6.3 2.3
EPS (Diluted) 3.00 2.30 1.80 1.00 -7.00 2.00 2.60 1.50 1.90 1.70 1.40 1.20 1.40 0.87 0.85 0.65 0.50 0.40 0.31 0.20 0.06 0.16 0.06 0.02
Balance Sheet
Cash & Equivalents 2,000.3 1,612.4 1,389.4 1,663.0 1,148.6 1,612.2 915.1 1,414.2 983.3 641.0 709.2 531.3 371.6 417.2 428.3 317.3 281.1 254.8 208.4 204.4 33.4 0 0 28.0
Total Assets 8,791.9 7,805.5 7,531.7 6,392.5 6,034.7 10,151.1 6,556.9 4,646.6 3,977.7 2,925.0 2,354.8 1,951.5 1,603.5 1,353.4 1,128.8 863.4 596.4 469.4 396.7 316.1 139.1 134.5 80.1 61.9
Total Debt 848.8 803.8 662.3 458.6 680.4 2,162.3 1,580.0 96.5 0 0 0 0 0 0 0 0 0 0 0 0 23.1 0 0 3.6
Stockholders' Equity 3,986.3 3,661.9 3,775.9 3,604.3 3,705.5 4,913.3 2,736.9 2,360.7 1,982.7 1,680.9 1,404.6 1,220.3 1,025.8 857.3 690.4 574.2 427.6 351.2 298.7 247.0 65.0 58.5 27.0 21.8
Cash Flow
Operating Cash Flow 1,027.1 896.6 1,122.6 971.0 (1,280.5) 1,130.1 804.5 805.6 781.1 618.1 517.9 374.1 361.3 283.6 249.3 215.8 141.9 97.2 76.7 59.5 25.8 20.4
Capital Expenditure 0 (259.2) (283.4) (143.0) (150.7) (436.3) (309.5) (276.9) (219.6) (105.7) (64.4) (55.3) (31.7) (61.5) (71.7) (49.6) (19.6) (16.0) (11.4) (8.1) (12.2) (41.7)
Free Cash Flow 1,027.1 637.4 839.3 828.0 (1,431.2) 693.7 494.9 528.8 561.5 512.4 453.5 318.8 329.6 222.2 177.6 166.3 122.3 81.2 65.3 51.4 13.6 (21.3)