Northann (NCL) Gross Margin (2022 - 2026)
Northann's (NCL) 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 (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.
- On a quarterly basis, Gross Margin fell 2133.0% year-over-year to 9.97% in Q1 2026; TTM through Mar 2026 was 17.8%, a 212.0% decrease from a year earlier, with the FY2025 full-year figure at 26.3%, up 37.0% from the prior year.
- Gross Margin declined to 9.97% in Q1 2026 per NCL's latest filing, from 112.81% in the prior quarter.
- Across five years, Gross Margin topped out at 112.81% in Q4 2025 and bottomed at 58.47% in Q3 2023.
- The 5-year median for Gross Margin is 19.88% (2023), against an average of 18.29%.
- Across the five-year window, Gross Margin slumped 11074 bps in 2023 and jumped 12214 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 69.47% in 2022, then sank by 90 bps to 7.16% in 2023, then tumbled by 130 bps to 2.17% in 2024, then surged by 5304 bps to 112.81% in 2025, then sank by 109 bps to 9.97% in 2026.
- Per Business Quant, the three latest NCL Gross Margin figures stand at 9.97% (Q1 2026), 112.81% (Q4 2025), and 40.64% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 21.54 Bn | 21.02 Bn | 694.97 Mn | 49.19% |
| 2 | Somnigroup International | 15.36 Bn | 15.25 Bn | 776.90 Mn | 43.13% |
| 3 | Mohawk Industries | 7.07 Bn | 6.20 Bn | 641.90 Mn | 23.52% |
| 4 | Alliance Laundry Holdings | 5.14 Bn | 5.00 Bn | 157.19 Mn | 36.82% |
| 5 | Hni | 3.08 Bn | 3.00 Bn | 499.90 Mn | 37.10% |
| 6 | Whirlpool | 2.27 Bn | 1.64 Bn | 415.00 Mn | 12.68% |
| 7 | Interface | 1.94 Bn | 1.88 Bn | 126.72 Mn | 38.28% |
| 8 | La-Z-Boy | 1.65 Bn | 1.35 Bn | 262.76 Mn | 46.07% |
| 9 | Millerknoll | 1.54 Bn | 1.37 Bn | 395.60 Mn | 39.39% |
| 10 | Northann | 399,999.99 | 160,358.99 | -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% |