Northann (NCL) Gross Margin (2022 - 2026)
Northann's quarterly Gross Margin came in at 9.97% in Q1 2026, down 2133.0% year-on-year from 0.49% in Q1 2025, and down 108.84% quarter-over-quarter from 112.81% in Q4 2025.
Northann has reported Gross Margin for 5 years, with the latest figure at 9.97% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 2133.0% year-over-year to 9.97%; the trailing twelve-month figure through Mar 2026 stood at 17.8% (down 212.0% YoY), and the FY2025 full-year result was 26.3%, up 37.0% from the prior year.
- Gross Margin for Q1 2026 stood at 9.97%, down from 112.81% in the prior quarter.
- The five-year high for Gross Margin was 112.81% in Q4 2025, with the low at 58.47% in Q3 2023.
- Average Gross Margin over 5 years is 18.29%, with a median of 19.88% recorded in 2023.
- Year-over-year, Gross Margin slumped 11074 bps in 2023 and jumped 12214 bps in 2024.
- Tracing NCL's Gross Margin over 5 years: stood at 69.47% in 2022, then slumped by 90 bps to 7.16% in 2023, then plunged by 130 bps to 2.17% in 2024, then soared by 5304 bps to 112.81% in 2025, then slumped by 109 bps to 9.97% in 2026.
- The last three Gross Margin figures came in at 9.97% (Q1 2026), 112.81% (Q4 2025), and 40.64% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 15.77 Bn | 15.77 Bn | 694.97 Mn | 49.19% |
| 2 | Somnigroup International | 14.16 Bn | 14.05 Bn | 776.90 Mn | 43.13% |
| 3 | Mohawk Industries | 6.27 Bn | 5.40 Bn | 641.90 Mn | 23.52% |
| 4 | Patrick Industries | 2.94 Bn | 2.91 Bn | 226.86 Mn | 22.75% |
| 5 | Whirlpool | 2.57 Bn | 1.93 Bn | 415.00 Mn | 12.68% |
| 6 | Hni | 2.21 Bn | 2.13 Bn | 499.90 Mn | 37.10% |
| 7 | Interface | 1.69 Bn | 1.63 Bn | 126.72 Mn | 38.28% |
| 8 | La-Z-Boy | 1.51 Bn | 1.22 Bn | 233.51 Mn | 43.12% |
| 9 | Leggett & Platt | 1.40 Bn | 885.79 Mn | 170.70 Mn | 18.59% |
| 10 | Northann | - | - | -494,653.00 | -9.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.97% |
| Dec 31, 2025 | 112.81% |
| Sep 30, 2025 | -40.64% |
| Jun 30, 2025 | -53.56% |
| Mar 31, 2025 | 11.36% |
| Dec 31, 2024 | -2.17% |
| Sep 30, 2024 | 63.68% |
| Jun 30, 2024 | 23.16% |
| Mar 31, 2024 | 33.60% |
| Dec 31, 2023 | 7.16% |
| Sep 30, 2023 | -58.47% |
| Jun 30, 2023 | 19.88% |
| Mar 31, 2023 | 45.70% |
| Dec 31, 2022 | 69.47% |
| Sep 30, 2022 | 52.27% |