Duolingo vs Universal Technical Institute
Duolingo reported revenue of $1.0 billion in fiscal 2025, 1.2 times Universal Technical Institute's $836 million in fiscal 2025. Duolingo's revenue grew 38.7% in its latest year, and Universal Technical Institute's grew 14.1%. Duolingo had an operating margin of 13.1%, against 10.0% at Universal Technical Institute. Free cash flow was $370 million at Duolingo and $55 million at Universal Technical Institute. Their fiscal years end in different months (December 31 and September 30), so the periods don't line up exactly.
Side by side
| Duolingo | Universal Technical Institute | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 30, 2025 |
| Revenue | $1.0B | $836M |
| Revenue growth | 38.7% | 14.1% |
| Revenue growth a year, last 5 years | 45.0% | 22.7% |
| Gross margin | 72.2% | — |
| Operating margin | 13.1% | 10.0% |
| Net margin | 39.9% | 7.5% |
| Free cash flow | $370M | $55M |
| Free cash flow margin | 35.6% | 6.6% |
| Return on capital | 77.6% | 24.0% |
| Net debt to EBITDA | −6.9x | −0.3x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 2.6% | 9.4% |
| Last close | $138.60 | $21.99 |
| P/E at the last close | 16.4× | 36.0× |
| Insider trades, last 12 months | bought $498,800, sold $47.5 million | bought $31.1 million, sold $135.1 million |
| Piotroski F-score | 4 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DuolingoUniversal Technical Institute
Operating margin
Percent of revenue
DuolingoUniversal Technical Institute
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DuolingoUniversal Technical Institute
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Duolingo and Universal Technical Institute pages.