Pulling SEC filings + quote and writing the call…

New Oriental Education & Technology Group Inc.
Next earnings Jul 28, 2026 (after close) · consensus $0.60 EPS, $1.48B rev
Recovered, debt-free Chinese education leader growing double-digits with strong buybacks, but China regulatory and ADR risk warrant caution.
Sources: SEC EDGAR (CIK 0001372920, latest SCHEDULE 13G/A filed 2026-05-13) · EODHD · analysis by claude-code · as of 6/21/2026, 8:50:48 PM.
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Middling fundamentals and a rich price (~53% above fair value) leave little margin of safety — a wait-and-see.
New Oriental has staged a durable recovery from the 2021-2022 Chinese after-school-tutoring crackdown that drove a $1.19B loss in FY2022. The franchise has re-pivoted and rebuilt: FY2025 revenue grew 13.6% to $4.90B and net income rose 20.1% to $372M, extending a steady climb from the FY2023 trough ($3.00B revenue, $177M net income). Operating income grew faster than revenue (+22.2% to $428M), evidence of operating leverage as the new business model scales. The company is debt-free with $1.61B cash (up 16.1%) against $3.66B equity and a manageable 1.05x liabilities/equity, giving it a fortress balance sheet to navigate a volatile regulatory environment.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $4.28B | $3.11B | $3.00B | $4.31B | $4.90B |
| Gross profit | — | — | — | — | — |
| Operating income | $117M | -$983M | $190M | $350M | $428M |
| Net income | $334M | -$1.19B | $177M | $310M | $372M |
| Diluted EPS | — | — | — | — | — |
| Net margin | 7.8% | -38.2% | 5.9% | 7.2% | 7.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1049 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.