Northann (NCL) Gross Margin (2022 - 2026)
Northann (NCL) recorded quarterly Gross Margin of 9.97% in Q1 2026, down 108.84% quarter-over-quarter from 112.81% in Q4 2025, and down 2133.0% on a YoY basis from 0.49% in Q1 2025.
Northann (NCL) Gross Margin (2022 - 2026) Analysis & Trends
Northann's Gross Margin history runs 5 years deep, the most recent figure standing at 9.97% for Q1 2026.
- In Q1 2026, Gross Margin fell 2133.0% year-over-year to 9.97%; the TTM figure through Mar 2026 stood at 17.8% (down 212.0% YoY), while the FY2025 annual figure was 26.3%, up 37.0% from the prior year.
- Gross Margin was 9.97% for Q1 2026 at Northann, down from 112.81% 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.
- Historically, Gross Margin has averaged 18.29% across 5 years, with a median of 19.88% in 2023.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 11074 bps in 2023, then surged 12214 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 69.47% in 2022, then tumbled by 90 bps to 7.16% in 2023, then sank by 130 bps to 2.17% in 2024, then surged by 5304 bps to 112.81% in 2025, then tumbled 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 18.88 Bn | 18.88 Bn | 694.97 Mn | 49.19% |
| 2 | Somnigroup International | 15.17 Bn | 15.07 Bn | 776.90 Mn | 43.13% |
| 3 | Mohawk Industries | 6.64 Bn | 5.77 Bn | 641.90 Mn | 23.52% |
| 4 | Alliance Laundry Holdings | 5.06 Bn | 4.90 Bn | 157.19 Mn | 36.82% |
| 5 | Whirlpool | 2.56 Bn | 1.92 Bn | 415.00 Mn | 12.68% |
| 6 | Hni | 2.43 Bn | 2.35 Bn | 499.90 Mn | 37.10% |
| 7 | Interface | 1.85 Bn | 1.79 Bn | 126.72 Mn | 38.28% |
| 8 | La-Z-Boy | 1.58 Bn | 1.29 Bn | 233.51 Mn | 43.12% |
| 9 | Leggett & Platt | 1.48 Bn | 969.37 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% |