Stocktoria

Northann Corp. NCL

NYSE American · XASE · stock · Plastics Products, NEC · website · IPO 2023-10-19

Northann Corp. (NCL) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2024 revenue was $15.3M at a -28.5% net margin.

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5/9
Piotroski F — financial health
-4.62
Altman Z″ — distress risk · distress
Dividend payout · no dividend
$0.16 as of 2026-06-01 · -98.4% 1y
$0.14$10.6952-wk

Price from month-end closes (Yahoo) — for reference, not real-time.

Net margin-28.5%
Revenue trend · last 3y · down

How it ranks in Manufacturing · percentile among 1829 companies

Piotroski Fstronger than 62%
Net marginstronger than 32%
Return on equitystronger than 11%
Revenue growthstronger than 64%

Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.

Piotroski F breakdown · 5/9 tests passed

Altman Z″ components · distress zone

ComponentValue
Working capital / assets-0.271
Retained earnings / assets-0.699
EBIT / assets-0.121
Equity / liabilities0.23

Detailed pages

Sector peers · similar-size Manufacturing companies

TickerCompanyPiotroski FAltman Z″P / ERevenue growth
NCLNorthann Corp.5/9-4.62+9.9%
DSWLDESWELL INDUSTRIES INC7/911.455.4-2.5%
CMTCORE MOLDING TECHNOLOGIES INC6/96.8818.6-9.5%
KRTKarat Packaging Inc.5/9520.1+10.7%
MYEMYERS INDUSTRIES INC6/91.8834.6-1.3%
AWIARMSTRONG WORLD INDUSTRIES INC9/95.9222.4+12.1%
ENTGENTEGRIS INC5/92.82104.5-1.4%

All Manufacturing companies →

FAQ

Is NCL financially healthy?

Northann Corp.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.

Does NCL pay a dividend?

No, Northann Corp. does not currently pay a dividend.

How profitable is NCL?

In FY2024, Northann Corp. had a net margin of -28.5% and a return on equity of -168.5%.

Source: SEC EDGAR filings · CIK 0001923780 · as of 2024-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.