New Oriental Education & Technology Group Income Statement 2025-2008 | EDU

Brief overview of revenue and earnings at New Oriental Education & Technology Group

The figures are compared over a five-year interval. According to figures from New Oriental Education & Technology Group, revenue changed from 3.6 billion dollars to 4.9 billion dollars over five years. Across the full period, sales moved by +36.9%; the average annual rate was 6.5%. The company expanded at a measured pace.

At the gross-profit level, the result moved from 2 billion dollars to 2.7 billion dollars, a change of +36.5%. Direct costs broadly followed the top-line trend. The gross margin was 55.6% at the start and 55.4% at the end. The relationship between gross profit and revenue changed only slightly.

EBITDA was 545 million dollars at the beginning and 568 million dollars at the end of the period (+4.2%). Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin moved from 15.2% to 11.6%. The business retained less EBITDA from each unit of revenue.

Net profit was $413 million at the start and $372 million at the end. The final result developed less favorably than the core business.

Over the period, capitalization shifted from 280 billion dollars to 82.4 billion dollars (−70.6%). Capitalization grew more slowly than the underlying results.

Financial takeaway

Signs of deterioration dominate the five-year picture. Key strengths include steady gross profitability and a larger revenue base. The most visible risks are weaker operating efficiency, a weaker final result and lower investor confidence. The key question is whether sales can be converted into sustainable profit.