Duolingo vs Universal Technical Institute
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KIRAβs take AI analyst
I put Duolingo and Universal Technical Institute side by side, using each oneβs latest annual report. Here is what stands out:
- Duolingo is the larger business, with $1.0B of revenue in fiscal 2025 against $836M for Universal Technical Institute.
- Duolingo grew revenue faster (38.7%, against 14.1%).
- Duolingo kept more of each dollar of sales as operating profit (13.1% operating margin, against 10.0%).
- Duolingo turned more of its sales into free cash flow (35.6% FCF margin, against 6.6%).
- Duolingo earned a higher return on the capital invested in it (77.6%, against 24.0%).
- Investors pay more for each dollar of Universal Technical Instituteβs earnings: a P/E of 35.8x against 16.9x for Duolingo.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Duolingo
DUOL
9/10
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
Universal Technical Institute
UTI
1/10
Piotroski F-score
Side by side
Best in the row
| Latest fiscal year | DUOL FY25 | UTI FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.2B | $1.2B |
| Revenue | $1.0B | $836M |
| Free cash flow | $370M | $55.4M |
| Net income | $414M | $63.0M |
| Growth | ||
| Revenue growth | 38.7% | 14.1% |
| 5-year growth | 45.0% | 22.7% |
| Share count change | 2.6% | 9.4% |
| Profitability | ||
| Gross margin | 72.2% | β |
| Operating margin | 13.1% | 10.0% |
| Net margin | 39.9% | 7.5% |
| FCF margin | 35.6% | 6.6% |
| Return on capital | 77.6% | 24.0% |
| Return on equity | 38.1% | 21.4% |
| Balance sheet | ||
| Net debt | β$1.0B | β$36.5M |
| Net debt / EBITDA | β6.9x | β0.3x |
| Dividends and buybacks | $0.0M | $0.0M |
| Valuation & quality | ||
| P/E | 16.9x | 35.8x |
| Piotroski F-score | 4 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.