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Strategic Education vs TAL Education: revenue, profit, margins and growth compared

Strategic Education brought in $1.3B of revenue in fiscal 2025, TAL Education $3B in fiscal 2026. Revenue changed by +4.0% at Strategic Education and +33.7% at TAL Education on the year before, so TAL Education grew faster. Strategic Education kept 10.0% of its revenue as net profit, TAL Education 17.6%. Free cash flow was $153.9M at Strategic Education and $508.3M at TAL Education.

Side by side, latest fiscal year

STRATAL
Fiscal year endedFY2025 (December 31, 2025)FY2026 (February 28, 2026)
Revenue$1.3B$3B
Revenue growth+4.0%+33.7%
Net income$126.6M$530.8M
Net margin10.0%17.6%
Free cash flow$153.9M$508.3M
Free cash flow margin12.1%16.9%
Earnings per share (diluted)$5.41$2.75
Cash$140.8M$1.5B
Debtn/an/a
Price to earnings14.2n/a
Market value$1.7B$6.7B
Dividend yield3.12%n/a
Rank by revenue in sector#52 of 162 · Real estate#21 of 162 · Real estate

Over the years

Revenue
STRA FY2018: $634.2MSTRA FY2019: $997.1MSTRA FY2020: $1BSTRA FY2021: $1.1BSTRA FY2022: $1.1BSTRA FY2023: $1.1BSTRA FY2024: $1.2BSTRA FY2025: $1.3BTAL FY2019: $2.6BTAL FY2020: $3.3BTAL FY2021: $4.5BTAL FY2022: $4.4BTAL FY2023: $1BTAL FY2024: $1.5BTAL FY2025: $2.3BTAL FY2026: $3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
STRA $1.3BTAL $3B
Net income
STRA FY2018: -$15.7MSTRA FY2019: $81.1MSTRA FY2020: $86.3MSTRA FY2021: $55.1MSTRA FY2022: $46.7MSTRA FY2023: $69.8MSTRA FY2024: $112.7MSTRA FY2025: $126.6MTAL FY2019: $367.2MTAL FY2020: -$110.2MTAL FY2021: -$116MTAL FY2022: -$1.1BTAL FY2023: -$135.6MTAL FY2024: -$3.6MTAL FY2025: $84.6MTAL FY2026: $530.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
STRA $126.6MTAL $530.8M
Net margin
STRA FY2018: -2.5%STRA FY2019: 8.1%STRA FY2020: 8.4%STRA FY2021: 4.9%STRA FY2022: 4.4%STRA FY2023: 6.2%STRA FY2024: 9.2%STRA FY2025: 10.0%TAL FY2019: 14.3%TAL FY2020: -3.4%TAL FY2021: -2.6%TAL FY2022: -25.9%TAL FY2023: -13.3%TAL FY2024: -0.2%TAL FY2025: 3.8%TAL FY2026: 17.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
STRA 10.0%TAL 17.6%
Revenue growth
STRA FY2019: +57.2%STRA FY2020: +3.1%STRA FY2021: +10.1%STRA FY2022: -5.9%STRA FY2023: +6.3%STRA FY2024: +7.7%STRA FY2025: +4.0%TAL FY2020: +27.7%TAL FY2021: +37.3%TAL FY2022: -2.3%TAL FY2023: -76.8%TAL FY2024: +46.2%TAL FY2025: +51.0%TAL FY2026: +33.7%FY19FY20FY21FY22FY23FY24FY25FY26
STRA +4.0%TAL +33.7%
Free cash flow
STRA FY2018: $19.3MSTRA FY2019: $163.5MSTRA FY2020: $96.1MSTRA FY2021: $131.1MSTRA FY2022: $82.9MSTRA FY2023: $80.2MSTRA FY2024: $128.8MSTRA FY2025: $153.9MTAL FY2019: $56MTAL FY2020: $677.8MTAL FY2021: $709.7MTAL FY2022: -$1.2BTAL FY2023: -$103MTAL FY2024: $193.4MTAL FY2025: $286.2MTAL FY2026: $508.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
STRA $153.9MTAL $508.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Strategic Education and TAL Education

Which is bigger by revenue, Strategic Education or TAL Education?

TAL Education is bigger by revenue: $3B in fiscal 2026, against $1.3B for Strategic Education in fiscal 2025.

Which keeps more of its revenue as profit, Strategic Education or TAL Education?

Strategic Education had a net margin of 10.0% in fiscal 2025; TAL Education had 17.6% in fiscal 2026.

Which grew revenue faster, Strategic Education or TAL Education?

In their latest fiscal years revenue changed by +4.0% at Strategic Education and +33.7% at TAL Education.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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