Northann Corp. (NCLX) Key Metrics
NCLX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $53,733
- Enterprise value
- $5.6M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.0 10-yr median 63.1
- Price / book
- 0.0
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.87
NCLX key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNCLX valuation Price multiples at each fiscal year-end price.
NCLX returns How much profit the business earns on the capital it uses.
NCLX per-share figures Results divided by the shares outstanding at year-end.
NCLX financial health Debt, liquidity and how easily interest is covered.
NCLX efficiency & capital use Working capital cycle and where the cash goes.
NCLX valuation history
NCLX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NCLX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NCLX price vs earnings per share
NCLX key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $6.3M | $969.1M | $2.04B | — |
| Enterprise value | $8.2M | $969.0M | $2.04B | — |
| Price / sales | 0.5 | 63.1 | 145.9 | — |
| Price / book | 0.7 | 372.8 | — | — |
| EV / sales | 0.6 | 63.1 | 145.9 | — |
| Earnings yield | −186.5% | −0.5% | −0.3% | — |
| Free cash flow yield | −105.0% | −0.2% | −0.2% | — |
| Share price at fiscal year-end | $0.27 | $17.47 | $95.36 | — |
| Per share | ||||
| Revenue per share | $0.59 | $0.28 | $0.65 | $0.99 |
| Earnings per share | −$0.51 | −$0.08 | −$0.33 | $0.04 |
| Operating cash flow per share | −$0.25 | −$0.02 | −$0.22 | −$0.16 |
| Free cash flow per share | −$0.29 | −$0.03 | −$0.22 | −$0.18 |
| Cash per share | $0.04 | $0.00 | $0.05 | $0.01 |
| Book value per share | $0.39 | $0.05 | $0.03 | $0.09 |
| Tangible book value per share | $0.35 | $0.03 | −$0.02 | $0.04 |
| Capex per share | $0.04 | $0.01 | $0.00 | $0.02 |
| Debt per share | $0.13 | $0.00 | $0.01 | $0.02 |
| Shares outstanding | 22.9M | 55.5M | 21.4M | 21.2M |
| Change in shares outstanding | −58.7% | +159.4% | +0.8% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −201.1% | −275.3% | −558.0% | 47.1% |
| Return on invested capital (ROIC) | −134.7% | −98.5% | — | 75.6% |
| Return on assets (ROA) | −68.0% | −31.9% | −50.9% | 6.4% |
| Return on tangible assets | −60.0% | −34.0% | −56.7% | 7.0% |
| Free cash flow margin | −48.3% | −10.0% | −33.5% | −18.7% |
| Income quality (OCF / net income) | — | — | — | −3.69 |
| Financial health | ||||
| Total debt | $3.0M | $136,947 | $124,905 | $447,376 |
| Cash & short-term investments | $1.0M | $245,164 | $1.1M | $251,100 |
| Net debt | $1.9M | −$108,217 | −$976,538 | $196,276 |
| Debt / equity | 0.33 | 0.05 | 0.21 | 0.23 |
| Debt / assets | 0.15 | 0.01 | 0.01 | 0.03 |
| Net debt / EBITDA | — | — | — | 0.08 |
| Current ratio | 1.67 | 0.61 | 0.53 | 0.55 |
| Quick ratio | 0.83 | 0.41 | 0.32 | 0.17 |
| Interest coverage | -53.9 | -2.8 | -2.0 | 3.1 |
| Working capital | $5.0M | −$3.8M | −$6.1M | −$5.4M |
| Invested capital | $10.9M | $2.5M | −$393,926 | $2.2M |
| Tangible asset value | $8.0M | $1.6M | −$448,370 | $901,324 |
| Net current asset value | $905,016 | −$5.4M | −$6.2M | −$5.8M |
| Graham number | — | — | — | $0.30 |
| Graham net-net per share | −$0.20 | −$0.14 | −$0.40 | −$0.42 |
| Capital allocation | ||||
| Capex / revenue | 6.6% | 1.9% | 0.0% | 2.3% |
| Capex / depreciation | 1.35 | 0.46 | 0.00 | 0.81 |
| Stock-based compensation / revenue | 70.2% | 13.3% | 0.0% | — |
| R&D / revenue | 15.4% | 5.1% | 13.6% | 7.0% |
| SG&A / revenue | 93.9% | 28.0% | 27.5% | 9.3% |
| Efficiency | ||||
| Days sales outstanding | 88.8 | 68.0 | 52.8 | 24.9 |
| Days of inventory on hand | 148.9 | 74.5 | 103.1 | 109.5 |
| Days payables outstanding | 126.0 | 114.6 | 132.5 | 113.5 |
| Cash conversion cycle (days) | 111.7 | 27.9 | 23.4 | 20.9 |
| Receivables turnover | 4.11 | 5.37 | 6.91 | 14.67 |
| Payables turnover | 2.90 | 3.19 | 2.75 | 3.22 |
| Inventory turnover | 2.45 | 4.90 | 3.54 | 3.33 |
| Asset turnover | 0.79 | 1.12 | 1.00 | 1.45 |
| Average receivables | $3.3M | $2.9M | $2.0M | $1.4M |
| Average payables | $3.5M | $3.6M | $4.6M | $4.7M |
| Average inventory | $4.1M | $2.3M | $3.6M | $4.6M |
| Intangibles / total assets | 4.9% | 7.0% | 7.6% | 7.4% |
Computed from NCLX's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NCLX valuation and financial ratios
Northann earned a return on equity of −201.1% and a return on invested capital of −134.7% in fiscal 2025. It ended the year with $3.0 million of debt and $1.0 million in cash and short-term investments, net debt of $1.9 million.
See the NCLX income statement, the NCLX chart for price history, or the NCLX stock overview for the latest quote and news.
NCLX key metrics FAQ
What is Northann's return on equity?
Northann's return on equity (ROE) was −201.1% in fiscal 2025: net income of -$11.7 million on average shareholders' equity of $5.8 million.
What is Northann's ROIC?
Northann's return on invested capital was −134.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Northann have?
Northann had total debt of $3.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.33.
What is Northann's free cash flow yield?
Northann generated -$6.6 million of free cash flow in fiscal 2025, a free cash flow yield of −105.0% on its market value at year-end ($6.3 million).
What is Northann's current ratio?
Northann's current ratio was 1.67 at the end of fiscal 2025: current assets were 1.67 times current liabilities.