Northann Corp.

NCLX Consumer Cyclical Furnishings Fixtures & Appliances

Northann Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.6 million, down 11.4% from fiscal 2024.

Revenue
+44.3%
EPS
+95.0%
Free cash flow
−39.0%
Total debt
−12.1%

Quarter to March 2026, against a year earlier

0.00 0.00 NaN
Market cap
$8.5M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
3/9
Altman Z
−2.15
Beneish M
−4.12
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 7.48%

Capital & Financial Ratios $m

Size
Market Cap 8.54
Revenue ttm 15.13
Net income ttm (11.94)
Free cash flow ttm (7.03)
Net debt Q 4.08
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 1.51 (at or above 1.5: strong)
Debt / equity Q 0.23 (at or below 0.5: strong)
Interest coverage Q (64.95)
Growth
Revenue growth Q +44.33% (above 0%: growing)
Operating income growth Q −10.75% (below 0%: shrinking)
EPS, this year −970.90% (below 0%: weak)
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales against its own 10 years 6.42%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 0 1 0
Receivables 3 3 4 4
Inventory 3 2 6 6
Other 0 — 1 2
7 6 12 13
2023 2024 2025 Q'26
Payables 5 3 4 6
ST’ Debt 6 5 1 1
Other 1 1 — —
13 10 7 8

Compound Annual Growth %

10y 5y 3y
Sales — — (13.42%)
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 65.89%

EPS $

Mar Jun Sep Dec Year
’26 (0.06) — — — —
’25 (0.03) (0.16) (0.07) — (0.82)
’24 0.02 (0.32) 0.02 (1.20) (1.36)
’23 0.08 (0.28) (1.20) (1.44) (2.80)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5 — — — —
’25 3 2 4 5 14
’24 5 4 3 4 15
’23 3 5 2 5 14
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) — — — —
’25 (1) (3) 0 (2) (6)
’24 0 0 0 (2) (1)
’23 (1) 0 0 (3) (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) — — — —
’25 (1) (3) (1) (2) (7)
’24 0 0 0 (2) (2)
’23 (1) 0 0 (3) (5)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Mar ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — 21 14 15 14 15 (13.4%) — — — —
Gross margin, % — — — — — — 27.46 8.78 25.93 26.30 17.80 (1.2) pt
EBT — — — — — — 1 (7) (4) (12) (12) n/m
EBT margin, % — — — — — — 5.04 (50.95) (28.52) (85.77) (78.87) (90.8) pt
Net income — — — — — — 1 (7) (4) (12) (12) n/m
Per share, $
Per share, $ Revenue — — — — — — 8.38 5.51 4.67 0.95 0.34 (51.6%)
Earnings — — — — — — 0.37 (2.80) (1.36) (0.82) (0.32) n/m
Cash flow — — — — — — (1.37) (1.85) (0.38) (0.40) (0.13) (33.8%)
Capex — — — — — — 0.13 0.00 (0.09) (0.06) (0.02) n/m
Free cash flow — — — — — — (1.24) (1.85) (0.47) (0.46) (0.16) (28.1%)
Book value — — — — — — 0.79 0.23 0.79 0.63 0.41 (7.3%)
Shares, m — — — — — — 3 3 3 14 49 +78.9%
Valuation, ×
Valuation, × P/E — — — — — — 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — — — 6.17 1.83 0.47 0.28 0.00 2.2
P/B — — — — — — 0.00 44.24 2.75 0.43 0.00 11.9
EV/Sales — — — — — — 6.62 2.17 0.77 0.52 0.27 2.5
EV/FCF — — — — — — (1,716.89) (5.96) (6.53) (1.08) (0.58) (432.6)
Cash, $m
Cash, $m Operating cash flow — — — — — — (3) (5) (1) (6) (6) +18.3%
Capex — — — — — — 0 — 0 (1) (1) n/m
Free cash flow — — — — — — (3) (5) (2) (7) (7) +28.6%
Balance, $m
Balance, $m Working capital — — — — — — (5) (6) (4) 5 4 n/m
Net debt — — — — — — 7 5 5 3 4 (23.3%)
Shareholders’ equity — — — — — — 2 1 3 9 18 +65.9%
Returns, %
Returns, % ROA — — — — — — 0.00 (50.90) (31.86) (68.03) (50.50) (68.0) pt
ROIC — — — — — — 14.17 (56.07) (14.55) (58.44) (32.54) (72.6) pt
ROE — — — — — — 0.00 (560.23) (275.80) (201.14) (106.81) (201.1) pt
People
People Employees — — — — — — — 73 49 63 — (7.1%)
Revenue/emp, $m — — — — — — 0.00 0.19 0.31 0.22 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026 · fundamentals updated 26 Oct 2026

Northann Corp. vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VIRC Virco Manufacturing Corporation $94.1M — (loss-making) 34.4× −5.02% (below 0%: shrinking) −15.38% (below 0%: shrinking) +224.00% (above 0%: growing) 40.03% 12.06% Compare
VIOT Viomi Technology Co., Ltd. Sponsored ADR $47.9M — (loss-making) — (loss-making) −44.49% (below 0%: shrinking) n/m −1,075.29% (below 0%: shrinking) 22.74% (6.52%) Compare
MWYN Marwynn Holdings, Inc. $27.9M — (loss-making) — +2,540.19% (above 0%: growing) n/m −245.64% (below 0%: shrinking) 21.57% (7.71%) Compare
CRWS Crown Crafts, Inc. $27.6M 5.4× 8.2× +8.32% (above 0%: growing) n/m +3.72% (above 0%: growing) 47.90% 16.69% Compare
EFOI Energy Focus, Inc. $23.5M — (loss-making) — (loss-making) +228.00% (above 0%: growing) n/m −280.93% (below 0%: shrinking) (6.80%) (23.15%) Compare
FGI FGI Industries Ltd. $14.3M — (loss-making) — (loss-making) +2.86% (above 0%: growing) n/m +22.78% (above 0%: growing) 33.44% 4.39% Compare
PRPL PURPLE INNOVATION, INC. $11.1M — (loss-making) — (loss-making) −18.74% (below 0%: shrinking) n/m +454.71% (above 0%: growing) 43.44% (10.12%) Compare
NCLX Northann Corp. $8.5M — (loss-making) — +44.33% (above 0%: growing) n/m −39.01% (below 0%: shrinking) (9.97%) (57.47%)
SNBRQ Sleep Number Corporation $2.9M — (loss-making) — (loss-making) −18.89% (below 0%: shrinking) n/m −82.59% (below 0%: shrinking) 57.88% (11.55%) Compare
Median of peers $25.5M — — −1.08% — −39.43% 36.73% (7.11%)

All 30 Furnishings Fixtures & Appliances stocks →

Northann Corp. (NCLX) Latest News

22 May

14 May

18 Oct

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