LRN vs TAL: Stride and TAL Education Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- TAL Education Group is the larger company, worth $7.2B, about 2.0 times Stride.
- TAL Education Group grew revenue faster over the last year (+33.7% vs -2.7%).
- Stride keeps more of each dollar of revenue as operating profit (17.9% vs 9.2%).
- On earnings, TAL Education Group is the cheaper stock (4.7x vs 13.3x).
- TAL Education Group's price assumes faster free cash flow growth: about 0% a year, against -5% for Stride (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LRN | TAL |
|---|---|---|
| Market cap | $3.6B | $7.2B |
| Share price | $85.59 | $12.86 |
| Revenue (last fiscal year) | $2.5B | $3.0B |
| Free cash flow (last fiscal year) | $372M | $508M |
| Revenue growth, last year | -2.7% | +33.7% |
| Revenue growth per year, last 5 fiscal years | +10.5% | -9.0% |
| Operating margin | 17.9% | 9.2% |
| Net margin | 13.4% | 17.6% |
| Return on equity | 20.7% | 14.1% |
| P/E (trailing) | 13.3x | 4.68x |
| Price / free cash flow | 9.71x | 25.0x |
| EV / EBITDA | 5.92x | 6.13x |
| FCF growth the price implies | -4.5% | 0.38% |
| Dividend yield | — | — |
| Debt / equity | 0.49x | 0.57x |
| Fundamental grade | B | B |
| Superinvestors holding it | 3 | 1 |
| Insider purchases, last 12 months | 6 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Stride
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $1.7B | $155M | 9.3% |
| 2023 | $1.8B | $154M | 9.0% |
| 2024 | $2.0B | $236M | 12.2% |
| 2025 | $2.4B | $395M | 15.0% |
| 2026 | $2.5B | $372M | 17.9% |
TAL Education Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $4.4B | -$1.2B | -14.0% |
| 2023 | $1.0B | -$103M | -8.9% |
| 2024 | $1.5B | $193M | -4.6% |
| 2025 | $2.3B | $286M | -0.14% |
| 2026 | $3.0B | $508M | 9.2% |
Where the revenue comes from
Stride · by products, 2026
General Education$1.4B56%
Middle - High School$1.0B41%
Adult$57M2%
TAL Education Group · by products, 2026
Learning services and others$1.9B65%
Learning content solutions$1.1B35%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LRN in InvestinglyQuestions
Which is bigger, Stride or TAL Education Group?
TAL Education Group (TAL), at $7.2B against $3.6B.
Is LRN or TAL cheaper?
By trailing P/E, TAL Education Group (4.68x) is cheaper than Stride (13.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, LRN or TAL?
TAL Education Group: revenue grew +33.7% over the last year, against -2.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.