Friday 6 November 2026
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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
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Analyst price targets
Free accountTen 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
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%) |