FEDU · CIK 0001709819

Four Seasons Education (Cayman) Inc.

Annual figures as reported, FY2015–FY2026. Ratios and growth rates derived on-page.

Revenue

CN¥254.4M

▲ +1.3% vs FY2025

Net income

CN¥30.8M

▲ +3743.6% vs FY2025

Free cash flow

CN¥23.8M

▲ +163.8% vs FY2025

Diluted EPS

CN¥1.34

▲ +3250.0% vs FY2025

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Dividends paid

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Revenue CAGR

+95.2%

−1.9%

+10.5%

10y

Free cash flow CAGR

+2.8%

Share count change (split-adjusted)

−1.0%

+63.6%

10y

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROE	ROA	Current ratio	Debt / equity
FY2026	25.8%	2.6%	12.1%	9.3%	6.5%	4.2%	1.85×	0.17×
FY2025	18.8%	−6.3%	0.3%	−14.8%	0.2%	0.1%	2.19×	0.18×
FY2024	36.3%	−7.4%	4.0%	−31.9%	1.0%	0.7%	3.02×	0.08×
FY2023	41.8%	−104.2%	−86.7%	−99.8%	−6.5%	−4.9%	5.85×	—
FY2022	40.2%	−26.5%	−45.3%	−40.4%	−25.4%	−18.8%	5.62×	—
FY2021	39.8%	−13.0%	−10.1%	7.4%	−4.8%	−2.9%	2.28×	—
FY2020	48.4%	−33.7%	−28.1%	18.8%	−17.4%	−10.6%	2.89×	—
FY2019	48.8%	0.3%	−0.2%	10.5%	−0.1%	−0.1%	3.02×	—
FY2018	63.6%	20.5%	14.8%	24.2%	6.8%	5.6%	4.43×	—
FY2017	58.0%	31.1%	8.7%	55.5%	952.9%	6.0%	2.27×	—
FY2016	41.4%	6.7%	−33.0%	−0.7%	—	—	—	—
FY2015	—	—	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2026	CN¥254.4M	CN¥65.7M	CN¥6.7M	CN¥30.8M	CN¥1.34	CN¥30.0M	CN¥6.3M	CN¥739.5M	CN¥224.7M	CN¥473.6M	CN¥136.2M	CN¥81.0M
FY2025	CN¥251.1M	CN¥47.1M	−CN¥15.7M	CN¥801K	CN¥0.04	CN¥20.0M	CN¥57.3M	CN¥731.1M	CN¥226.0M	CN¥454.6M	CN¥210.8M	CN¥82.1M
FY2024	CN¥125.4M	CN¥45.5M	−CN¥9.3M	CN¥5.0M	CN¥0.21	CN¥16.6M	CN¥56.6M	CN¥674.2M	CN¥148.0M	CN¥475.0M	CN¥180.2M	CN¥40.0M
FY2023	CN¥34.2M	CN¥14.3M	−CN¥35.7M	−CN¥29.7M	−CN¥1.40	−CN¥25.5M	CN¥8.7M	CN¥601.0M	CN¥89.2M	CN¥457.7M	CN¥175.7M	—
FY2022	CN¥250.2M	CN¥100.6M	−CN¥66.2M	−CN¥113.5M	−CN¥5.04	−CN¥91.3M	CN¥9.9M	CN¥602.5M	CN¥100.0M	CN¥445.9M	CN¥262.4M	—
FY2021	CN¥280.3M	CN¥111.5M	−CN¥36.5M	−CN¥28.2M	−CN¥1.22	CN¥31.1M	CN¥10.4M	CN¥967.2M	CN¥320.8M	CN¥588.7M	CN¥378.4M	—
FY2020	CN¥389.0M	CN¥188.1M	−CN¥131.0M	−CN¥109.5M	−CN¥4.63	CN¥82.2M	CN¥9.2M	CN¥1.0B	CN¥362.7M	CN¥630.8M	CN¥404.7M	—
FY2019	CN¥335.6M	CN¥163.8M	CN¥1.1M	−CN¥601K	−CN¥0.02	CN¥53.1M	CN¥17.9M	CN¥932.1M	CN¥175.1M	CN¥712.7M	CN¥439.6M	—
FY2018	CN¥300.5M	CN¥191.1M	CN¥61.6M	CN¥44.4M	CN¥1.98	CN¥96.0M	CN¥23.1M	CN¥792.3M	CN¥134.3M	CN¥651.5M	CN¥583.3M	—
FY2017	CN¥203.2M	CN¥117.8M	CN¥63.2M	CN¥17.7M	CN¥0.94	CN¥119.5M	CN¥6.7M	CN¥296.1M	CN¥124.7M	CN¥1.9M	CN¥231.0M	—
FY2016	CN¥93.8M	CN¥38.8M	CN¥6.3M	−CN¥31.0M	−CN¥2.21	CN¥1.0M	CN¥1.6M	—	—	−CN¥23.1M	CN¥42.3M	—
FY2015	—	—	—	—	—	—	—	—	—	CN¥4.5M	CN¥45.7M	—

Latest filings

the most recent regulatory filings

144Notice of proposed insider sale2026-06-26 ↗20-FAnnual report (foreign issuer)2026-06-17 ↗SCHEDULE 13G/ASEC filing2026-05-13 ↗3Insider ownership filing2026-03-16 ↗3Insider ownership filing2026-03-16 ↗3Insider ownership filing2026-03-16 ↗3Insider ownership filing2026-03-16 ↗3Insider ownership filing2026-03-16 ↗6-KForeign issuer report2026-02-12 ↗144Notice of proposed insider sale2025-12-05 ↗

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Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROE

ROA

Current ratio

Debt / equity

FY2026

25.8%

2.6%

12.1%

9.3%

6.5%

4.2%

1.85×

0.17×

FY2025

18.8%

−6.3%

0.3%

−14.8%

0.2%

0.1%

2.19×

0.18×

FY2024

36.3%

−7.4%

4.0%

−31.9%

1.0%

0.7%

3.02×

0.08×

FY2023

41.8%

−104.2%

−86.7%

−99.8%

−6.5%

−4.9%

5.85×

—

FY2022

40.2%

−26.5%

−45.3%

−40.4%

−25.4%

−18.8%

5.62×

—

FY2021

39.8%

−13.0%

−10.1%

7.4%

−4.8%

−2.9%

2.28×

—

FY2020

48.4%

−33.7%

−28.1%

18.8%

−17.4%

−10.6%

2.89×

—

FY2019

48.8%

0.3%

−0.2%

10.5%

−0.1%

3.02×

—

FY2018

63.6%

20.5%

14.8%

24.2%

6.8%

5.6%

4.43×

—

FY2017

58.0%

31.1%

8.7%

55.5%

952.9%

6.0%

2.27×

—

FY2016

41.4%

6.7%

−33.0%

−0.7%

—

FY2015

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2026

CN¥254.4M

CN¥65.7M

CN¥6.7M

CN¥30.8M

CN¥1.34

CN¥30.0M

CN¥6.3M

CN¥739.5M

CN¥224.7M

CN¥473.6M

CN¥136.2M

CN¥81.0M

FY2025

CN¥251.1M

CN¥47.1M

−CN¥15.7M

CN¥801K

CN¥0.04

CN¥20.0M

CN¥57.3M

CN¥731.1M

CN¥226.0M

CN¥454.6M

CN¥210.8M

CN¥82.1M

FY2024

CN¥125.4M

CN¥45.5M

−CN¥9.3M

CN¥5.0M

CN¥0.21

CN¥16.6M

CN¥56.6M

CN¥674.2M

CN¥148.0M

CN¥475.0M

CN¥180.2M

CN¥40.0M

FY2023

CN¥34.2M

CN¥14.3M

−CN¥35.7M

−CN¥29.7M

−CN¥1.40

−CN¥25.5M

CN¥8.7M

CN¥601.0M

CN¥89.2M

CN¥457.7M

CN¥175.7M

—

FY2022

CN¥250.2M

CN¥100.6M

−CN¥66.2M

−CN¥113.5M

−CN¥5.04

−CN¥91.3M

CN¥9.9M

CN¥602.5M

CN¥100.0M

CN¥445.9M

CN¥262.4M

—

FY2021

CN¥280.3M

CN¥111.5M

−CN¥36.5M

−CN¥28.2M

−CN¥1.22

CN¥31.1M

CN¥10.4M

CN¥967.2M

CN¥320.8M

CN¥588.7M

CN¥378.4M

—

FY2020

CN¥389.0M

CN¥188.1M

−CN¥131.0M

−CN¥109.5M

−CN¥4.63

CN¥82.2M

CN¥9.2M

CN¥1.0B

CN¥362.7M

CN¥630.8M

CN¥404.7M

—

FY2019

CN¥335.6M

CN¥163.8M

CN¥1.1M

−CN¥601K

−CN¥0.02

CN¥53.1M

CN¥17.9M

CN¥932.1M

CN¥175.1M

CN¥712.7M

CN¥439.6M

—

FY2018

CN¥300.5M

CN¥191.1M

CN¥61.6M

CN¥44.4M

CN¥1.98

CN¥96.0M

CN¥23.1M

CN¥792.3M

CN¥134.3M

CN¥651.5M

CN¥583.3M

—

FY2017

CN¥203.2M

CN¥117.8M

CN¥63.2M

CN¥17.7M

CN¥0.94

CN¥119.5M

CN¥6.7M

CN¥296.1M

CN¥124.7M

CN¥1.9M

CN¥231.0M

—

FY2016

CN¥93.8M

CN¥38.8M

CN¥6.3M

−CN¥31.0M

−CN¥2.21

CN¥1.0M

CN¥1.6M

—

−CN¥23.1M

CN¥42.3M

—

FY2015

—

CN¥4.5M

CN¥45.7M

—