Northann (NCL) Gross Margin (2022 - 2026)
Northann (NCL) posted quarterly Gross Margin of 9.97% for Q1 2026, down 2133.0% year-over-year from 0.49% in Q1 2025, and down 108.84% quarter-over-quarter from 112.81% in Q4 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 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.
- The 5-year median for Gross Margin is 19.88% (2023), against an average of 18.29%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 11074 bps in 2023, then jumped 12214 bps in 2024.
- Northann's Gross Margin 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 jumped by 5304 bps to 112.81% in 2025, then slumped by 109 bps to 9.97% in 2026.
- Business Quant data shows NCL's Gross Margin at 9.97% in Q1 2026, 112.81% in Q4 2025, and 40.64% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 25.62 Bn | 24.84 Bn | 860.34 Mn | 48.73% |
| 2 | Somnigroup International | 13.66 Bn | 13.55 Bn | 817.20 Mn | 44.81% |
| 3 | Mohawk Industries | 8.27 Bn | 7.42 Bn | 795.10 Mn | 26.58% |
| 4 | Alliance Laundry Holdings | 4.66 Bn | 4.48 Bn | 189.90 Mn | 39.83% |
| 5 | Hni | 3.53 Bn | 3.42 Bn | 647.20 Mn | 43.96% |
| 6 | Whirlpool | 2.64 Bn | 1.40 Bn | 442.00 Mn | 12.57% |
| 7 | Interface | 2.25 Bn | 2.17 Bn | 178.08 Mn | 45.00% |
| 8 | Millerknoll | 1.58 Bn | 1.41 Bn | 395.60 Mn | 39.39% |
| 9 | MasterBrand | 1.40 Bn | 1.16 Bn | 205.50 Mn | 25.21% |
| 10 | Northann | 8.60 Mn | 8.36 Mn | -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% |