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Side-by-side financial comparison of Northann Corp. (NCL) and Presidio Property Trust, Inc. (SQFT). Click either name above to swap in a different company.

Presidio Property Trust, Inc. is the larger business by last-quarter revenue ($4.1M vs $3.5M, roughly 1.2× Northann Corp.). Presidio Property Trust, Inc. runs the higher net margin — -118.0% vs -248.2%, a 130.2% gap on every dollar of revenue. On growth, Northann Corp. posted the faster year-over-year revenue change (38.6% vs -14.7%). Over the past eight quarters, Northann Corp.'s revenue compounded faster (28.1% CAGR vs -7.3%).

Northann Corp is a home furnishing enterprise specializing in the design, production and sales of home textile products, decorative accessories and related household goods. Its core markets cover North America, Western Europe and China, targeting mid-to-high end household consumer segments.

Forest City Realty Trust, Inc., formerly Forest City Enterprises, was a real estate investment trust that invested in office buildings, shopping centers and apartments across the United States The company was organized in Maryland with its headquarters in Cleveland, Ohio. As of December 31, 2017, the company owned 29 office buildings, 29 shopping centers, and 78 apartment complexes. On December 7, 2018, the company was acquired by Brookfield Asset Management.

NCL vs SQFT — Head-to-Head

Bigger by revenue
SQFT
SQFT
1.2× larger
SQFT
$4.1M
$3.5M
NCL
Growing faster (revenue YoY)
NCL
NCL
+53.4% gap
NCL
38.6%
-14.7%
SQFT
Higher net margin
SQFT
SQFT
130.2% more per $
SQFT
-118.0%
-248.2%
NCL
Faster 2-yr revenue CAGR
NCL
NCL
Annualised
NCL
28.1%
-7.3%
SQFT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NCL
NCL
SQFT
SQFT
Revenue
$3.5M
$4.1M
Net Profit
$-8.8M
$-4.0M
Gross Margin
-40.6%
Operating Margin
-246.9%
62.4%
Net Margin
-248.2%
-118.0%
Revenue YoY
38.6%
-14.7%
Net Profit YoY
-1872.0%
-60.3%
EPS (diluted)
$-0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NCL
NCL
SQFT
SQFT
Q4 25
$4.1M
Q3 25
$3.5M
$4.2M
Q2 25
$1.7M
$4.4M
Q1 25
$3.4M
$4.1M
Q4 24
$4.3M
$4.8M
Q3 24
$2.6M
$4.7M
Q2 24
$3.9M
$4.6M
Q1 24
$4.6M
$4.8M
Net Profit
NCL
NCL
SQFT
SQFT
Q4 25
$-4.0M
Q3 25
$-8.8M
$-1.3M
Q2 25
$-2.3M
$-5.3M
Q1 25
$-2.6M
$2.3M
Q4 24
$-3.9M
$-2.5M
Q3 24
$496.6K
$-6.1M
Q2 24
$-997.5K
$-11.8M
Q1 24
$60.0K
$-5.2M
Gross Margin
NCL
NCL
SQFT
SQFT
Q4 25
Q3 25
-40.6%
Q2 25
-53.6%
Q1 25
11.4%
Q4 24
-2.2%
Q3 24
63.7%
Q2 24
23.2%
Q1 24
33.6%
Operating Margin
NCL
NCL
SQFT
SQFT
Q4 25
62.4%
Q3 25
-246.9%
63.4%
Q2 25
-128.6%
66.6%
Q1 25
-74.9%
60.9%
Q4 24
-32.2%
66.8%
Q3 24
21.6%
66.2%
Q2 24
-30.0%
67.5%
Q1 24
7.1%
67.4%
Net Margin
NCL
NCL
SQFT
SQFT
Q4 25
-118.0%
Q3 25
-248.2%
-30.8%
Q2 25
-132.5%
-120.5%
Q1 25
-76.5%
54.9%
Q4 24
-91.4%
-64.0%
Q3 24
19.4%
-128.3%
Q2 24
-25.6%
-258.3%
Q1 24
1.3%
-109.4%
EPS (diluted)
NCL
NCL
SQFT
SQFT
Q4 25
Q3 25
$-0.07
Q2 25
$-0.02
Q1 25
$-0.03
Q4 24
$-0.16
Q3 24
$0.02
Q2 24
$-0.04
Q1 24
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NCL
NCL
SQFT
SQFT
Cash + ST InvestmentsLiquidity on hand
$40.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8M
$16.8M
Total Assets
$15.0M
$122.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NCL
NCL
SQFT
SQFT
Q4 25
Q3 25
$40.9K
Q2 25
$1.1M
Q1 25
Q4 24
$245.2K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NCL
NCL
SQFT
SQFT
Q4 25
$16.8M
Q3 25
$1.8M
$21.1M
Q2 25
$4.4M
$21.1M
Q1 25
$3.9M
$28.3M
Q4 24
$2.6M
$26.5M
Q3 24
$1.4M
$29.5M
Q2 24
$969.0K
$34.9M
Q1 24
$712.3K
$45.4M
Total Assets
NCL
NCL
SQFT
SQFT
Q4 25
$122.1M
Q3 25
$15.0M
$127.8M
Q2 25
$16.5M
$128.4M
Q1 25
$16.5M
$135.4M
Q4 24
$13.9M
$142.6M
Q3 24
$14.6M
$145.8M
Q2 24
$13.1M
$150.5M
Q1 24
$13.2M
$163.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NCL
NCL
SQFT
SQFT
Operating Cash FlowLast quarter
$-15.6K
$417.9K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NCL
NCL
SQFT
SQFT
Q4 25
$417.9K
Q3 25
$-15.6K
$632.0K
Q2 25
$-2.8M
$-893.3K
Q1 25
$-1.0M
$-118.9K
Q4 24
$-1.6M
$-728.1K
Q3 24
$169.7K
$642.6K
Q2 24
$-122.2K
$-434.3K
Q1 24
$297.9K
$-866.8K
Cash Conversion
NCL
NCL
SQFT
SQFT
Q4 25
Q3 25
Q2 25
Q1 25
-0.05×
Q4 24
Q3 24
0.34×
Q2 24
Q1 24
4.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NCL
NCL

Segment breakdown not available.

SQFT
SQFT

Office Industrial Properties$2.3M56%
Other$1.8M44%

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