NCL (Northann) EBIT: $-11.73 Mil (TTM As of Mar. 2026)

What is Northann EBIT?

Northann NCL -4.16% 17 EBIT is $-11.73 Mil as of Mar. 2026. GuruFocus rates NCL with a GF Score™ of 17/100 and a GF Value™ of $0.54 (Possible Value Trap). The stock has 6 warning signs investors should review.

Northann's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-2.85 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-11.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northann's annualized ROC % for the quarter that ended in Mar. 2026 was -57.53%. Northann's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -99.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Northann's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -83.78%.

Northann (AMEX:NCL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Northann's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-11.404 * ( 1 - 0% )	/	( (15.066	+	24.58)	/ 2 )
=	-11.404	/	19.823
=	-57.53 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	20.442	-	4.345	-	( 1.031	-	max(0, 7.372	-	12.337	+	1.031	))
=	15.066

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	30.791	-	5.971	-	( 0.24	-	max(0, 8.338	-	12.554	+	0.24	))
=	24.58

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Northann's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.404	/	( ( (7.101 + max(4.626, 0))	+	(7.142 + max(4.007, 0)) )	/	2 )
=	-11.404	/	( ( 11.727	+	11.149 )	/	2 )
=	-11.404	/	11.438
=	-99.70 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.513	+	6.186	+	0.622)	-	(4.345	+	1.35	+	0)
=	4.626

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.851	+	6.066	+	0.736)	-	(5.971	+	0.675	+	-1.7763568394003E-15)
=	4.007

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Northann's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-11.729	/	14.000
	=	-83.78 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Northann EBIT Related Terms

Northann EBIT Historical Data

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The historical data trend for Northann's EBIT can be seen below:

Northann EBIT Chart

Northann Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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0.89

1.74

-4.76

-3.91

-11.45

Northann Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															-2.58	-2.19	-8.75	2.07	-2.85

NCL vs SNTW, ATER, FGI: EBIT Comparison

For the Furnishings, Fixtures & Appliances subindustry, Northann's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Northann EV-to-EBIT vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Northann's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Northann's EV-to-EBIT falls into.

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17GF Score

Northann Corp NCL

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Northann EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.73 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-11.73 Mil mean?

Northann (NCL) has a EBIT of $-11.73 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Northann.

Is Northann's EBIT too high?

Northann's current EBIT is $-11.73 Mil. Overall, Northann has a GF Score™ of 17/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Northann's EBIT compare to SNTW and ATER?

Northann's EBIT of $-11.73 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Furnishings, Fixtures & Appliances company?

A good EBIT depends on the Furnishings, Fixtures & Appliances industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Northann. Northann's current EBIT is $-11.73 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Northann stock overvalued right now?

Based on GuruFocus' analysis, Northann (NCL) is currently considered Possible Value Trap. The stock's GF Value™ is $0.54, compared to a current price of $0.16 — trading 70.6% below its estimated fair value. The current EBIT is $-11.73 Mil. Northann's overall GF Score™ is 17/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Northann (NCL), the current EBIT is $-11.73 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northann (NCL) Overvalued in 2026?

Based on GuruFocus' analysis, Northann stock appears to be undervalued. The current stock price of $0.16 is trading 70.6% below its estimated GF Value™ of $0.54. GuruFocus considers Northann to be Possible Value Trap.

Key valuation signals for NCL:

EBIT: $-11.73 Mil
GF Value™: $0.54 vs. price of $0.16 (70.6% below fair value)
GF Score™: 17/100 with 6 warning signs

No single metric tells the full story. See the NCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northann Business Description

Industry Consumer Cyclical Furnishings, Fixtures & Appliances

Comparable Companies SNTW ATER FGI LUVU MWYN LBRA EFOI NTZ SNBR CRWS SZSE:000333 SZSE:000651 SHSE:600690 SHSE:603268 SN TPE:2059 SGI TSE:9843 MHK MIL:DLG

Address 2251 Catawba River Road, Fort Lawn, SC, USA, 29714

Website https://www.northann.com

Northann Corp specialized in 3D-printed flooring solutions under its flagship brand, Benchwick. The company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. It offers an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, mainly through its sales network in North America and Europe.

17GF Score

Get the complete analysis for NCL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.16

Price

$0.54

GF Value

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