Northann (NCL) Operating Margin (2022 - 2026)
Northann (NCL) recorded quarterly Operating Margin of 57.47% in Q1 2026, down 236.48% quarter-over-quarter from 42.11% in Q4 2025, and up 1743.0% on a YoY basis from 3.12% in Q1 2025.
Northann (NCL) Operating Margin (2022 - 2026) Analysis & Trends
Northann's Operating Margin history runs 5 years deep, the most recent figure standing at 57.47% for Q1 2026.
- In Q1 2026, Operating Margin rose 1743.0% year-over-year to 57.47%; the TTM figure through Mar 2026 stood at 77.56% (down 4532.0% YoY), while the FY2025 annual figure was 84.22%, down 7332.0% from the prior year.
- Operating Margin was 57.47% for Q1 2026 at Northann, down from 42.11% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 113.42% in Q4 2022 to a low of 246.94% in Q3 2025.
- Historically, Operating Margin has averaged 34.56% across 5 years, with a median of 30.01% in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Margin surged 11007 bps in 2024, then plunged 26858 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 113.42% in 2022, then sank by 166 bps to 75.22% in 2023, then jumped by 57 bps to 32.22% in 2024, then soared by 231 bps to 42.11% in 2025, then sank by 236 bps to 57.47% in 2026.
- The last three Operating Margin figures came in at 57.47% (Q1 2026), 42.11% (Q4 2025), and 246.94% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 18.88 Bn | 18.88 Bn | 694.97 Mn | 11.65% |
| 2 | Somnigroup International | 15.17 Bn | 15.07 Bn | 776.90 Mn | 10.39% |
| 3 | Mohawk Industries | 6.64 Bn | 5.77 Bn | 641.90 Mn | 4.10% |
| 4 | Alliance Laundry Holdings | 5.06 Bn | 4.90 Bn | 157.19 Mn | 19.63% |
| 5 | Whirlpool | 2.56 Bn | 1.92 Bn | 415.00 Mn | 0.55% |
| 6 | Hni | 2.43 Bn | 2.35 Bn | 499.90 Mn | -2.70% |
| 7 | Interface | 1.85 Bn | 1.79 Bn | 126.72 Mn | 9.77% |
| 8 | La-Z-Boy | 1.58 Bn | 1.29 Bn | 233.51 Mn | 5.50% |
| 9 | Leggett & Platt | 1.48 Bn | 969.37 Mn | 170.70 Mn | 4.85% |
| 10 | Northann | - | - | -494,653.00 | -57.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -57.47% |
| Dec 31, 2025 | 42.11% |
| Sep 30, 2025 | -246.94% |
| Jun 30, 2025 | -128.58% |
| Mar 31, 2025 | -74.89% |
| Dec 31, 2024 | -32.22% |
| Sep 30, 2024 | 21.64% |
| Jun 30, 2024 | -30.01% |
| Mar 31, 2024 | 7.14% |
| Dec 31, 2023 | -75.22% |
| Sep 30, 2023 | -88.43% |
| Jun 30, 2023 | 3.56% |
| Mar 31, 2023 | 14.48% |
| Dec 31, 2022 | 113.42% |
| Sep 30, 2022 | 13.09% |