Saturday 17 October 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. In the quarter to March 2026, revenue grew 44.3%, EPS fell 117.4%, free cash flow fell 39.0% and total debt fell 12.1%, each against the same quarter a year earlier.
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 83.84 | 9.79 | 0.10 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | 1,433.60 | 104.96 | 97.28 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 73 | 49 | 63 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | 0.00 | 0.19 | 0.31 | 0.22 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 21 | 14 | 15 | 14 | ||||
| Gross margin, % | — | — | — | — | — | — | 27.46 | 8.78 | 25.93 | 26.30 | |||||
| EBT | — | — | — | — | — | — | 1 | (7) | (4) | (12) | |||||
| EBT margin, % | — | — | — | — | — | — | 5.04 | (50.95) | (28.52) | (85.77) | |||||
| Net income | — | — | — | — | — | — | 1 | (7) | (4) | (12) | |||||
| Depreciation | — | — | — | — | — | — | 1 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | 8.38 | 5.51 | 4.67 | 0.95 | ||||
| Earnings | — | — | — | — | — | — | 0.37 | (2.80) | (1.36) | (0.82) | |||||
| Cash flow | — | — | — | — | — | — | (1.37) | (1.85) | (0.38) | (0.40) | |||||
| Capex | — | — | — | — | — | — | 0.13 | 0.00 | (0.09) | (0.06) | |||||
| Free cash flow | — | — | — | — | — | — | (1.24) | (1.85) | (0.47) | (0.46) | |||||
| Book value | — | — | — | — | — | — | 0.79 | 0.23 | 0.79 | 0.63 | |||||
| Shares, m | — | — | — | — | — | — | 3 | 3 | 3 | 14 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | 49.34 | 14.64 | 3.74 | 0.28 | |||||
| P/B | — | — | — | — | — | — | 0.00 | 354.15 | 22.08 | 0.43 | |||||
| EV/Sales | — | — | — | — | — | — | 49.79 | 14.98 | 4.04 | 0.52 | |||||
| EV/FCF | — | — | — | — | — | — | (12,916.89) | (41.20) | (34.42) | (1.08) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (3) | (5) | (1) | (6) | ||||
| Capex | — | — | — | — | — | — | 0 | — | 0 | (1) | |||||
| Free cash flow | — | — | — | — | — | — | (3) | (5) | (2) | (7) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | (5) | (6) | (4) | 5 | ||||
| Total debt | — | — | — | — | — | — | 7 | 6 | 5 | 4 | |||||
| Net debt | — | — | — | — | — | — | 7 | 5 | 5 | 3 | |||||
| Shareholders’ equity | — | — | — | — | — | — | 2 | 1 | 3 | 9 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | 0.00 | (50.90) | (31.86) | (68.03) | ||||
| ROIC | — | — | — | — | — | — | 14.17 | (56.07) | (14.55) | (58.44) | |||||
| ROE | — | — | — | — | — | — | 0.00 | (560.23) | (275.80) | (201.14) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Mar 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| VIOT Viomi Technology Co., Ltd. Sponsored ADR | $46.3M | — (loss-making) | 7.8× | −44.49% (below 0%: shrinking) | n/m | −1,075.29% (below 0%: shrinking) | 22.74% | (6.52%) | Compare |
| MWYN Marwynn Holdings, Inc. | $39.0M | — (loss-making) | — | +2,540.19% (above 0%: growing) | n/m | −245.64% (below 0%: shrinking) | 21.57% | (7.71%) | Compare |
| CRWS Crown Crafts, Inc. | $26.2M | 5.1× | 8.2× | +8.32% (above 0%: growing) | n/m | +3.72% (above 0%: growing) | 47.90% | 16.69% | Compare |
| EFOI Energy Focus, Inc. | $18.2M | — (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. | $14.5M | — (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. | $9.9M | — (loss-making) | — (loss-making) | −6.50% (below 0%: shrinking) | n/m | +76.33% (above 0%: growing) | 45.19% | (4.32%) | 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 |
| AUVI Applied UV, Inc. | $1.4M | — (loss-making) | — (loss-making) | +55.46% (above 0%: growing) | n/m | +50.02% (above 0%: growing) | 10.79% | (140.15%) | Compare |
| Median of peers | $16.4M | — | — | +5.59% | — | −39.43% | 28.09% | (7.11%) |
Northann Corp. (NCLX) key facts
- Concern: Northann Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.6 million, down 11.4% from fiscal 2024.
- Northann Corp. (NCLX) is a Furnishings Fixtures & Appliances company in the Consumer Cyclical sector.
- Return on equity was −201.1% and debt-to-equity 0.23.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −2.15 (distress zone) for fiscal 2025.