Neo-Concept International Group Holdings Limited (NCI) Revenue History
Annual and quarterly revenue from 2020 to present
NCI Revenue Over Time (2020–2025)
NCI Revenue Growth History
3 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +31.7%
- FY2022 revenue growth
- +44.4%
- FY2023 revenue growth
- -49.9%
- FY2024 revenue growth
- +35.3%
- FY2025 revenue growth
- -41.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $76.8M | — |
| Q2 2025 | $60.7M | — |
Revenue Breakdown (FY 2018)
NCI's revenue distribution by segment and geography for fiscal year 2018
By Product/Segment
By Geography
NCI Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 22, 2026, Neo-Concept International Group Holdings Limited (NCI) generated trailing twelve-month (TTM) revenue of $137.5 million. The most recent quarter (Q4 2025) recorded $76.8 million in revenue, up 26.7% sequentially.
Historical Growth Trajectory
NCI's 5-year compound annual growth rate (CAGR) stands at -5.5%, indicating revenue contraction over this period. The 3-year CAGR of -26.6% is below the 5-year average, signalling a growth deceleration in recent years. Neo-Concept International Group Holdings Limited's highest annual revenue of $347.5 million was recorded in 2022.
Revenue by Segment
NCI's revenue is primarily driven by Health Care (58%), Financial Services Advisory And Compliance (21%), and Energy (21%). With over half of revenue concentrated in Health Care, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including BTBT, CLPS (+0.9% YoY), and CODA (+22.8% YoY). Compare NCI vs BTBT →
NCI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NCICurrent | $138M | - | -5.5% | 1.3% | |
 BTBT | $114M | - | - | -49.8% | |
 CLPS | $164M | +0.9% | +13.0% | -4.0% | |
 CODA | $27M | +22.8% | +5.8% | 17.1% | |
 GIII | $3.0B | -7.8% | +7.5% | 5.3% | |
 PVH | $9.0B | +0.8% | +4.6% | 7.3% |
NCI Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $137.2M | -41.8% | $50.7M | 36.9% | $1.8M | 1.3% |
| 2024 | $235.7M | +35.3% | $49.4M | 21.0% | $11.6M | 4.9% |
| 2023 | $174.2M | -49.9% | $35.0M | 20.1% | $9.0M | 5.2% |
| 2022 | $347.5M | +44.4% | $41.8M | 12.0% | $18.9M | 5.4% |
| 2021 | $240.5M | +31.7% | $22.6M | 9.4% | $9.7M | 4.0% |
| 2020 | $182.6M | - | $11.7M | 6.4% | $-3,650,138 | -2.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NCI — Frequently Asked Questions
Quick answers to the most common questions about buying NCI stock.
Is NCI's revenue growth accelerating or slowing?
NCI TTM revenue: $138M. YoY growth: N/A. 5-year CAGR: -5.5%.
What is NCI's revenue history from 2020 to 2026?
Neo-Concept International Group Holdings Limited (NCI) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $138M, growing at N/A YoY. The 5-year CAGR is -5.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NCI's long-term revenue growth rate (CAGR)?
Neo-Concept International Group Holdings Limited's 5-year revenue CAGR of -5.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of N/A is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NCI.
Why does NCI's quarterly revenue fluctuate?
NCI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Neo-Concept International Group Holdings Limited's revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is NCI's revenue distributed by segment?
NCI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NCI's revenue compare to industry peers?
Neo-Concept International Group Holdings Limited (NCI) with TTM revenue of $138M and N/A YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.