TAL Education Group (TAL)

TAL Education Group provides smart learning solutions in the People's Republic of China. It offers learning services through Xueersi Peiyou small classes, personalized premium services, and online course offerings. The company also develops and provides learning content solutions for learners across print, digital and device-based formats, including print books, books integrated with digital learning experiences, learning devices, and mobile applications. In addition, it offers online education services, including live class and pre-recorded course content through www.xueersi.com. Further, the company engages in development and sale of software, network, and learning devices; investment management and consulting services. TAL Education Group was founded in 2003 and is headquartered in Beijing, the People's Republic of China.

Ticker: TAL
Exchange: NYSE
Sector: Consumer Defensive
Industry: Education & Training Services
Market cap: $5.80B
52-week range: $8.88 - $13.23

Valuation

Share price: $10.16 (close of Nov 6, 2026)
P/E (TTM): 10.92x
Price to book: 1.54x
Price to free cash flow: 11.42x
Enterprise value: $2.95B
Book value per share: $6.61

Price performance

Period	Change
1 day	-0.29%
5 days	+2.94%
1 month	-19.37%
3 months	-18.46%
6 months	-11.19%
Year to date	-6.87%
1 year	-15.47%
3 years	+11.16%
5 years	+161.18%
10 years	-21.00%
All time	+306.40%

Short interest

As of: Oct 15, 2026
Short % of float: 9.85%
Shares short: 21.12M
Days to cover: 6.92
Change since prior report: +3.23%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 14.06%
Return on invested capital: 3.32%
Return on assets: 8.94%
Return on capital employed: 6.62%
Gross margin: 55.35%
Net margin: 17.64%
EBITDA margin: 11.58%
Revenue growth: 33.72%
Free cash flow growth: 77.60%

Cash flow and balance sheet

Free cash flow yield (TTM): 8.76%
Current ratio: 2.17x
Net debt to EBITDA: -8.08x

Latest reported year

Period end: Feb 28, 2026
Fiscal year: 2026
Revenue: $3.01B
Cost of revenue: $1.34B
Gross profit: $1.67B
EBITDA: $348.46M
Net income: $530.75M
Earnings per share: $0.93
Shares outstanding: 571.26M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-02-28	$3.01B	$1.67B	$530.75M	$0.93
2025-02-28	$2.25B	$1.20B	$84.59M	$0.14
2024-02-29	$1.49B	$806.12M	-$3.57M	-$0.01
2023-02-28	$1.02B	$583.41M	-$135.61M	-$0.21
2022-02-28	$4.39B	$2.19B	-$1.14B	-$1.76
2021-02-28	$4.50B	$2.45B	-$115.99M	-$0.19
2020-02-29	$3.27B	$1.80B	-$110.19M	-$0.19
2019-02-28	$2.56B	$1.40B	$367.24M	$0.64
2018-02-28	$1.72B	$832.70M	$198.44M	$0.38
2017-02-28	$1.04B	$520.77M	$116.88M	$0.24

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-02-28	55.35%	17.64%	14.06%	3.32%
2025-02-28	53.34%	3.76%	2.25%	-0.08%
2024-02-29	54.09%	-0.24%	-0.10%	-1.79%
2023-02-28	57.21%	-13.30%	-3.55%	-2.28%
2022-02-28	49.82%	-25.87%	-28.39%	-14.48%
2021-02-28	54.43%	-2.58%	-2.23%	-5.23%
2020-02-29	55.14%	-3.37%	-4.33%	1.69%
2019-02-28	54.57%	14.33%	14.51%	7.04%
2018-02-28	48.55%	11.57%	12.10%	8.79%
2017-02-28	49.93%	11.21%	17.17%	11.10%

Cash and debt by year

Period end	Cash	Debt
2026-02-28	$3.24B	-
2025-02-28	$3.62B	-
2024-02-29	$3.30B	-
2023-02-28	$3.17B	-
2022-02-28	$2.71B	-
2021-02-28	$5.94B	-
2020-02-29	$2.22B	$261.95M
2019-02-28	$1.52B	-
2018-02-28	$1.50B	$225.00M
2017-02-28	$699.67M	$225.00M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-02-28	$508.28M	$43.09M
2025-02-28	$286.19M	$64.94M
2024-02-29	$193.44M	$88.90M
2023-02-28	-$102.97M	$108.57M
2022-02-28	-$1.19B	$174.83M
2021-02-28	$709.67M	$204.94M
2020-02-29	$677.78M	$117.94M
2019-02-28	$55.95M	$77.28M
2018-02-28	$558.95M	$47.15M
2017-02-28	$307.91M	$36.12M

Dividend history

Most recent payment: May 9, 2017

Payment date	Dividend per share
2017-05-09	$0.50
2012-12-05	$0.50

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-29	Aug 2026	-$0.02
2026-07-30	May 2026	$0.14
2026-04-23	Feb 2026	$0.21
2026-01-29	Nov 2025	$0.04
2025-10-30	Aug 2025	$0.12
2025-07-31	May 2025	$0.02
2025-04-24	Feb 2025	$0.03
2025-01-23	Nov 2024	$0.01

Filings and sources

Company website: tal.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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