AACGNasdaqServices-Educational ServicesFiscal year ends December 31
ATA Creativity Global
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Mar 31, 2026
$0.79−0.16 (-17.22%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
48.6%+9.4 pts over 5 years
Operating margin
-23.9%+42.4 pts over 5 years
Net margin
-17.9%+38.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.0% | +9.0% | +10.6% | -2.6% | |
| Gross profit | -7.8% | +8.3% | +15.4% | -3.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.8% | -37.0% | -86.0% | |
| Return on assets | 4.9% | -14.7% | -11.1% | |
| Current ratio | 4.11 | 0.44 | 0.32 | |
| Capex to revenue | 4.2% | 3.0% | 0.5% | |
| Diluted shares | 46M | 63M | 63M |
Where the cash went
Fiscal 2021 to 2025, five years combined
ATA Creativity Global generated CN¥74.38M from operations and spent CN¥29.62M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CN¥74.38M
Used
CN¥29.62M
Capital expenditureCN¥29.62M100%DividendsCN¥00%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-17.9%
×Asset turnover0.62×
×Equity multiplier7.74×
=Return on equity, FY2025-86.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -17.9% | 0.62× | 7.74× | -86.0% |
| FY2024 | -13.5% | 0.59× | 4.70× | -37.5% |
| FY2023 | -15.2% | 0.48× | 3.61× | -26.3% |
| FY2022 | -23.2% | 0.42× | 2.97× | -28.9% |
| FY2021 | -16.6% | 0.37× | 2.80× | -17.4% |
| FY2020 | -56.9% | 0.26× | 2.51× | -37.0% |
| FY2017 | -110.0% | 0.02× | 1.26× | -2.5% |
| FY2016 | 6.2% | 0.90× | 1.20× | 6.8% |
| FY2015 | 6.6% | 0.74× | 1.20× | 5.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-CN¥48.05M
- Cash generatingOperating cash flow above zero-CN¥15.84M
- Return on assets improvedROA up on the prior year-8.0% → -10.5%
- Earnings backed by cashOperating cash flow above net income-CN¥15.84M vs -CN¥48.05M
- Less leverageLong-term debt to assets fell– → 3.7%
- Better liquidityCurrent ratio rose0.19 → 0.32
- No dilutionShare count did not rise63M → 63M
- Gross margin improvedGross margin up on the prior year52.70% → 48.60%
- More efficientAsset turnover rose0.60 → 0.59