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New Oriental Education & Technology Group Inc
Gross Profit
New Oriental Education & Technology Group Inc
Gross Profit Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Gross Profit | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
New Oriental Education & Technology Group Inc
NYSE:EDU
|
Gross Profit
$2.5B
|
CAGR 3-Years
9%
|
CAGR 5-Years
11%
|
CAGR 10-Years
N/A
|
||
TAL Education Group
NYSE:TAL
|
Gross Profit
$990.6m
|
CAGR 3-Years
-21%
|
CAGR 5-Years
-3%
|
CAGR 10-Years
N/A
|
||
Youdao Inc
NYSE:DAO
|
Gross Profit
ÂĄ2.8B
|
CAGR 3-Years
28%
|
CAGR 5-Years
65%
|
CAGR 10-Years
N/A
|
||
K
|
Koolearn Technology Holding Ltd
HKEX:1797
|
Gross Profit
ÂĄ1.7B
|
CAGR 3-Years
57%
|
CAGR 5-Years
27%
|
CAGR 10-Years
N/A
|
|
Tianli Education International Holdings Ltd
HKEX:1773
|
Gross Profit
ÂĄ1.1B
|
CAGR 3-Years
164%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Offcn Education Technology Co Ltd
SZSE:002607
|
Gross Profit
ÂĄ1.4B
|
CAGR 3-Years
-35%
|
CAGR 5-Years
-22%
|
CAGR 10-Years
17%
|
New Oriental Education & Technology Group Inc
Glance View
In the bustling world of Chinese education, New Oriental Education & Technology Group Inc. emerges as a towering presence with humble beginnings. Founded in 1993 by the visionary educator Michael Minhong Yu, the company started as a modest English-language tutoring service in Beijing. Its mission was simple: to help Chinese students expand their horizons by mastering the English language and preparing for study abroad. Early successes fueled the rapid expansion of the company's service offerings, which now span a broad spectrum of educational programs such as test preparation for exams like the GRE, GMAT, and SAT, as well as language training and K-12 after-school tutoring. This comprehensive suite of services is delivered both through an extensive network of physical learning centers and increasingly popular online platforms, demonstrating the company's adaptability to modern educational trends and needs. The engine driving New Oriental's growth lies in its multi-pronged revenue model, which capitalizes on the growing demand for quality education in China. The lion's share of income is generated from tuition fees, reflecting the value placed on its educational programs' quality and results. Additionally, New Oriental's strategic investments in digital learning platforms have attracted a new wave of tech-savvy students and their families, seeking flexible and personalized education solutions. By leveraging its well-established brand, the company has expanded into complementary products like textbooks and other educational materials, further solidifying its market position. New Oriental's revenue streams are a testament to its resilience and ability to adapt to changing educational landscapes while maintaining a steadfast commitment to helping students achieve their ambitions.
See Also
What is New Oriental Education & Technology Group Inc's Gross Profit?
Gross Profit
2.5B
USD
Based on the financial report for Aug 31, 2024, New Oriental Education & Technology Group Inc's Gross Profit amounts to 2.5B USD.
What is New Oriental Education & Technology Group Inc's Gross Profit growth rate?
Gross Profit CAGR 5Y
11%
Over the last year, the Gross Profit growth was 35%. The average annual Gross Profit growth rates for New Oriental Education & Technology Group Inc have been 9% over the past three years , 11% over the past five years .