FEDUNYSEServices-Educational ServicesFiscal year ends February 28
Four Seasons Education (Cayman) Inc.
Financials through fiscal 2026, year ended Feb 28, 2026Last filing: 20-F on Jun 17, 2026
$10.48−0.16 (-1.50%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2026
Gross margin
25.8%−14.0 pts over 5 years
Operating margin
2.6%+15.7 pts over 5 years
Net margin
12.1%+22.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.3% | +95.2% | -1.9% | +10.5% | |
| Gross profit | +39.3% | +66.2% | -10.0% | +5.4% | |
| Operating income | – | – | – | +0.7% | |
| Net income | +3743.6% | – | – | – | |
| EPS, diluted | +3250.0% | – | – | – | |
| Free cash flow | – | – | +2.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | -4.6% | 6.6% | |
| Return on assets | – | -2.8% | 4.2% | |
| Current ratio | 2.27 | 2.28 | 1.85 | |
| Debt to equity | – | – | 0.19 | |
| Capex to revenue | 3.3% | 3.7% | 2.5% | |
| Diluted shares | 14M | 23M | 23M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Four Seasons Education (Cayman) generated CN¥183.40M from operations and spent CN¥173.54M on capital expenditure, dividends and share buybacks. 80% of that went back into the business.
Generated
CN¥183.40M
Used
CN¥173.54M
Capital expenditureCN¥138.65M80%DividendsCN¥34.89M20%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.1%
×Asset turnover0.35×
×Equity multiplier1.58×
=Return on equity, FY20266.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 12.1% | 0.35× | 1.58× | 6.6% |
| FY2025 | 0.3% | 0.36× | 1.51× | 0.2% |
| FY2024 | 4.0% | 0.20× | 1.37× | 1.1% |
| FY2023 | -86.7% | 0.06× | 1.33× | -6.6% |
| FY2022 | -45.3% | 0.32× | 1.52× | -21.9% |
| FY2021 | -10.1% | 0.28× | 1.64× | -4.6% |
| FY2020 | -28.1% | 0.40× | 1.47× | -16.3% |
| FY2019 | -0.2% | 0.39× | 1.26× | -0.1% |
| FY2018 | 14.8% | 0.55× | 1.67× | 13.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroCN¥30.79M
- Cash generatingOperating cash flow above zeroCN¥30.03M
- Return on assets improvedROA up on the prior year0.1% → 4.2%
- Earnings backed by cashOperating cash flow above net incomeCN¥30.03M vs CN¥30.79M
- Less leverageLong-term debt to assets fell11.2% → 11.0%
- Better liquidityCurrent ratio rose2.19 → 1.85
- No dilutionShare count did not rise22M → 23M
- Gross margin improvedGross margin up on the prior year18.77% → 25.80%
- More efficientAsset turnover rose0.37 → 0.35