PerpEquities

New Oriental Education & Technology Group Inc. (EDU) financials

NYSE · Consumer Defensive · Education & Training Services · 81,054 employees · CEO Chenggang Zhou

Price
$53.28
Market cap
$8.26B
Enterprise value
$6.91B Data as of 2026-11-14
Last report
Q1 '27 filed 2026-10-28
Next report
2027-01-27 EPS est. $0.54
Revenue (TTM)$6.02B+20.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)11.8%+2.8 pp vs a year agoOperating income $707M
Net income (TTM)$508M+38.2% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$773M+4.8% vs a year agoCapex $257M
Diluted EPS (TTM)$3.17+39.3% vs a year agoSum of the last 4 quarters
Net cash$4.29B+10.5% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
$8.26B
Updated 28m ago
Revenue
$6.02B
Trailing 12 months
Revenue growth
+18%
FY2027 consensus
Profit margin
8.4%
Net income / revenue, TTM
P/E
16.8×
Forward 12.6× (FY2027)
P/S
1.4×
Price / sales, TTM
EV / EBITDA
9.0×
TTM
Free cash flow
$773M
Trailing 12 months
Net income
$508M
Trailing 12 months
Revenue estimate
$6.71B
FY2027 consensus
Earnings
2027-01-27
Revenue est. $1.51B · Updated 28m ago
Dividend
$1.00
Per payment · 2026-11-18

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-10-28): revenue beat by 1.2%, EPS beat by 6.1%Revenue $1.87B vs $1.85B expected (+1.2%); EPS $1.92 vs $1.81 (+6.1%).
  • Revenue growth accelerating: 23.1% year on yearQ1 '27 revenue $1.87B, against an average of 16.0% over the four quarters before.
  • Operating margin 11.8% (TTM), +2.8 pp on a year agoOperating income grew 58.4% while revenue grew 20.6%.
  • Capex 4.3% of revenue (a year ago 3.4%)$257M invested in the last 4 quarters (+52.7% on a year earlier). Free cash flow $773M = 152.2% of net income.
  • Diluted share count down 1.9% in a year157M diluted shares in Q1 '27, 160M a year earlier.
  • Net cash $4.29BCash + short-term investments $5.16B, debt incl. leases $864M; a year ago net cash $3.88B.

Last quarter: Q1 '27

Quarter ended 2026-08-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q1 '27Year agoChange
Revenue$1.87B$1.52B+23.1%
Gross margin56.4%58.1%-1.7 pp
Operating income$375M$311M+20.3%
Operating margin20.0%20.4%-0.5 pp
Net income$273M$241M+13.3%
Diluted EPS$1.70$1.50+13.3%
Operating cash flow$195M$192M+1.6%
Capex$65.8M$55.4M+18.8%
Free cash flow$130M$137M-5.4%
R&D$0$0–
Stock-based compensation$30.6M$23.3M+31.3%

Reported vs consensus

2026-10-28
ActualConsensusvs consensus
Revenue$1.87B$1.85B+1.2%
EPS (as estimated)$1.92$1.81+6.1%

From the report of 2026-10-28 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
$1.03B
Capex
-$257M
Buybacks
$0
Dividends
$0
Acquisitions
$0
Net debt issued
$0
Stock-based compensation
$95.8M
Free cash flow
$773M
Returned to shareholders / FCF
-0.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)16.8×28.1× 4 of 5 years15.7× – 42.1×
EV / EBITDA9.0×13.9× 4 of 5 years9.7× – 23.0×
EV / Sales1.2×1.5×0.6× – 2.9×
Price / FCF10.5×10.7× 4 of 5 years7.2× – 15.7×
Price / Book1.9×2.0×0.6× – 3.5×
FCF yield9.5%-4.6%-64.6% – 13.8%
Return on invested capital9.3%0.5%-21.9% – 9.0%
Return on equity12.5%0.6%-32.1% – 12.0%

Analysts

Consensus target $56.50 (+6.0%)
range $56.50 – $56.50 · rating Buy

Strong buy0
Buy16
Hold8
Sell0
Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2027$6.71B+18.2%$4.24+41.3%12.6×9
FY2028$7.56B+12.6%$4.94+16.5%10.8×8
FY2029$8.37B+10.7%$5.49+11.2%9.7×6

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-14