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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Northann (NCL) Gross Margin (2022 - 2025)

Northann's Gross Margin history spans 4 years, with the latest figure at 112.81% for Q4 2025.

  • Quarterly results put Gross Margin at 112.81% for Q4 2025, up 11497.0% from a year ago — trailing twelve months through Dec 2025 was 26.3% (up 37.0% YoY), and the annual figure for FY2025 was 26.3%, up 37.0%.
  • Gross Margin for Q4 2025 was 112.81% at Northann, up from 40.64% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 112.81% in Q4 2025 to a low of 58.47% in Q3 2023.
  • The 4-year median for Gross Margin is 21.52% (2023), against an average of 20.3%.
  • The sharpest move saw Gross Margin tumbled -11074bps in 2023, then soared 12214bps in 2024.
  • Year by year, Gross Margin stood at 69.47% in 2022, then tumbled by -90bps to 7.16% in 2023, then tumbled by -130bps to 2.17% in 2024, then surged by 5304bps to 112.81% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 112.81%, 40.64%, and 53.56% for Q4 2025, Q3 2025, and Q2 2025 respectively.