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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Netcapital (NCPL) Gross Margin (2016 - 2026)

Netcapital's Gross Margin history spans 13 years, with the latest figure at 96.33% for Q4 2025.

  • For Q4 2025, Gross Margin rose 792.0% year-over-year to 96.33%; the TTM value through Oct 2025 reached 97.54%, up 341.0%, while the annual FY2025 figure was 95.36%, 246.0% down from the prior year.
  • Gross Margin for Q4 2025 was 96.33% at Netcapital, roughly flat from 96.1% in the prior quarter.
  • Across five years, Gross Margin topped out at 99.81% in Q1 2023 and bottomed at 88.4% in Q4 2024.
  • The 5-year median for Gross Margin is 97.9% (2022), against an average of 96.94%.
  • The largest YoY upside for Gross Margin was 3725bps in 2021 against a maximum downside of -3242bps in 2021.
  • A 5-year view of Gross Margin shows it stood at 98.52% in 2021, then dropped by -1bps to 97.96% in 2022, then increased by 1bps to 99.01% in 2023, then fell by -11bps to 88.4% in 2024, then increased by 9bps to 96.33% in 2025.
  • Per Business Quant, the three most recent readings for NCPL's Gross Margin are 96.33% (Q4 2025), 96.1% (Q3 2025), and 99.21% (Q2 2025).