Northann (NCL) Operating Margin (2022 - 2026)
Northann's (NCL) quarterly Operating Margin came in at 57.47% in Q1 2026, up 1743.0% year-on-year from 3.12% in Q1 2025, and down 236.48% quarter-over-quarter from 42.11% in Q4 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.
- On a quarterly basis, Operating Margin rose 1743.0% year-over-year to 57.47% in Q1 2026; TTM through Mar 2026 was 77.56%, a 4532.0% decrease from a year earlier, with the FY2025 full-year figure at 84.22%, down 7332.0% from the prior year.
- Operating Margin slipped to 57.47% in Q1 2026 per NCL's latest filing, from 42.11% in the prior quarter.
- Across five years, Operating Margin topped out at 113.42% in Q4 2022 and bottomed at 246.94% in Q3 2025.
- The 5-year median for Operating Margin is 30.01% (2024), against an average of 34.56%.
- Across the five-year window, Operating Margin jumped 11007 bps in 2024 and plunged 26858 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 113.42% in 2022, then tumbled 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 tumbled by 236 bps to 57.47% in 2026.
- Per Business Quant, the three latest NCL Operating Margin figures stand at 57.47% (Q1 2026), 42.11% (Q4 2025), and 246.94% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 21.64 Bn | 21.13 Bn | 694.97 Mn | 11.65% |
| 2 | Somnigroup International | 15.32 Bn | 15.21 Bn | 776.90 Mn | 10.39% |
| 3 | Mohawk Industries | 7.12 Bn | 6.25 Bn | 641.90 Mn | 4.10% |
| 4 | Alliance Laundry Holdings | 5.18 Bn | 5.04 Bn | 157.19 Mn | 19.63% |
| 5 | Hni | 3.09 Bn | 3.01 Bn | 499.90 Mn | -2.70% |
| 6 | Whirlpool | 2.24 Bn | 1.62 Bn | 415.00 Mn | 0.55% |
| 7 | Interface | 1.96 Bn | 1.90 Bn | 126.72 Mn | 9.77% |
| 8 | La-Z-Boy | 1.66 Bn | 1.36 Bn | 262.76 Mn | 7.23% |
| 9 | Millerknoll | 1.56 Bn | 1.39 Bn | 395.60 Mn | 5.12% |
| 10 | Northann | 399,999.99 | 160,358.99 | -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% |