Northann Corp. (NCL) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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NCL Revenue Growth
NCL Revenue Analysis (2020–2024)
As of May 8, 2026, Northann Corp. (NCL) generated trailing twelve-month (TTM) revenue of $13.0 million, reflecting explosive growth of +38.6% year-over-year. The most recent quarter (Q3 2025) recorded $3.5 million in revenue, up 107.8% sequentially.
Looking at the longer-term picture, NCL's historical revenue data shows a 3-year CAGR of -23.7%. The company achieved its highest annual revenue of $34.5 million in 2021.
When compared to Consumer Cyclical sector peers including MHK (+2.9% YoY), LX, and FND (+3.5% YoY), NCL has outperformed the peer group in terms of revenue growth. Compare NCL vs MHK →
NCL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NCLCurrent | $13M | +38.6% | - | -10.9% | |
 MHK | $10.8B | +2.9% | +2.5% | 4.7% | |
 LX | $14.2B | - | - | 16.1% | |
 FND | $4.7B | +3.5% | +14.1% | 5.9% | |
 TILE | $1.4B | +5.4% | +4.7% | 11.8% | |
 AMWD | $1.7B | -13.6% | +0.7% | 8.2% |
NCL Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $15.3M | +9.9% | $4.0M | 25.9% | $-1,673,940 | -10.9% |
| 2023 | $14.0M | -33.3% | $1.2M | 8.7% | $-4,763,705 | -34.1% |
| 2022 | $21.0M | -39.3% | $5.8M | 27.5% | $2.1M | 9.9% |
| 2021 | $34.5M | +163.7% | $5.8M | 16.9% | $1.1M | 3.3% |
| 2020 | $13.1M | - | $4.5M | 34.5% | $549K | 4.2% |
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Start ComparisonNCL — Frequently Asked Questions
Quick answers to the most common questions about buying NCL stock.
Is NCL's revenue growth accelerating or slowing?
NCL revenue is accelerating at +38.6% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $13M. Growth momentum has increased versus prior periods.
What is NCL's long-term revenue growth rate?
Northann Corp.'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +38.6% is above this long-term average.
How is NCL's revenue distributed by segment?
NCL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.