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Northann Corp.（NCL）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Northann Corp.的28.2倍（$100.0M vs $3.5M）。null净利率更高（-7.0% vs -248.2%，领先241.2%）。Northann Corp.同比增速更快（38.6% vs 14.5%）。过去两年Northann Corp.的营收复合增速更高（28.1% vs -4.9%）
Northann Corp是一家家居用品企业，主营家纺产品、装饰配饰及相关家居商品的设计、生产与销售，核心市场覆盖北美、西欧及中国本土，主要面向中高端家居消费群体。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
NCL vs SWIM — 直观对比
营收规模更大
SWIM
是对方的28.2倍
$3.5M
营收增速更快
NCL
高出24.1%
14.5%
净利率更高
SWIM
高出241.2%
-248.2%
两年增速更快
NCL
近两年复合增速
-4.9%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5M | $100.0M |
| 净利润 | $-8.8M | $-7.0M |
| 毛利率 | -40.6% | 28.0% |
| 营业利润率 | -246.9% | -10.7% |
| 净利率 | -248.2% | -7.0% |
| 营收同比 | 38.6% | 14.5% |
| 净利润同比 | -1872.0% | 76.0% |
| 每股收益（稀释后） | $-0.07 | $-0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NCLSWIM
| Q4 25 | — | $100.0M | ||
| Q3 25 | $3.5M | $161.9M | ||
| Q2 25 | $1.7M | $172.6M | ||
| Q1 25 | $3.4M | $111.4M | ||
| Q4 24 | $4.3M | $87.3M | ||
| Q3 24 | $2.6M | $150.5M | ||
| Q2 24 | $3.9M | $160.1M | ||
| Q1 24 | $4.6M | $110.6M |
净利润NCLSWIM
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-8.8M | $8.1M | ||
| Q2 25 | $-2.3M | $16.0M | ||
| Q1 25 | $-2.6M | $-6.0M | ||
| Q4 24 | $-3.9M | $-29.2M | ||
| Q3 24 | $496.6K | $5.9M | ||
| Q2 24 | $-997.5K | $13.3M | ||
| Q1 24 | $60.0K | $-7.9M |
毛利率NCLSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | -40.6% | 35.4% | ||
| Q2 25 | -53.6% | 37.1% | ||
| Q1 25 | 11.4% | 29.5% | ||
| Q4 24 | -2.2% | 24.6% | ||
| Q3 24 | 63.7% | 32.4% | ||
| Q2 24 | 23.2% | 33.1% | ||
| Q1 24 | 33.6% | 27.7% |
营业利润率NCLSWIM
| Q4 25 | — | -10.7% | ||
| Q3 25 | -246.9% | 13.3% | ||
| Q2 25 | -128.6% | 14.3% | ||
| Q1 25 | -74.9% | -4.4% | ||
| Q4 24 | -32.2% | -14.9% | ||
| Q3 24 | 21.6% | 8.9% | ||
| Q2 24 | -30.0% | 12.5% | ||
| Q1 24 | 7.1% | -1.9% |
净利率NCLSWIM
| Q4 25 | — | -7.0% | ||
| Q3 25 | -248.2% | 5.0% | ||
| Q2 25 | -132.5% | 9.3% | ||
| Q1 25 | -76.5% | -5.4% | ||
| Q4 24 | -91.4% | -33.4% | ||
| Q3 24 | 19.4% | 3.9% | ||
| Q2 24 | -25.6% | 8.3% | ||
| Q1 24 | 1.3% | -7.1% |
每股收益（稀释后）NCLSWIM
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $-0.07 | $0.07 | ||
| Q2 25 | $-0.02 | $0.13 | ||
| Q1 25 | $-0.03 | $-0.05 | ||
| Q4 24 | $-0.16 | $-0.24 | ||
| Q3 24 | $0.02 | $0.05 | ||
| Q2 24 | $-0.04 | $0.11 | ||
| Q1 24 | $0.01 | $-0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $40.9K | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $1.8M | $405.9M |
| 总资产 | $15.0M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资NCLSWIM
| Q4 25 | — | — | ||
| Q3 25 | $40.9K | — | ||
| Q2 25 | $1.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $245.2K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务NCLSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益NCLSWIM
| Q4 25 | — | $405.9M | ||
| Q3 25 | $1.8M | $408.4M | ||
| Q2 25 | $4.4M | $398.4M | ||
| Q1 25 | $3.9M | $381.1M | ||
| Q4 24 | $2.6M | $387.2M | ||
| Q3 24 | $1.4M | $416.6M | ||
| Q2 24 | $969.0K | $408.1M | ||
| Q1 24 | $712.3K | $391.8M |
总资产NCLSWIM
| Q4 25 | — | $823.2M | ||
| Q3 25 | $15.0M | $844.4M | ||
| Q2 25 | $16.5M | $822.1M | ||
| Q1 25 | $16.5M | $824.6M | ||
| Q4 24 | $13.9M | $794.2M | ||
| Q3 24 | $14.6M | $853.4M | ||
| Q2 24 | $13.1M | $830.0M | ||
| Q1 24 | $13.2M | $808.6M |
负债/权益比NCLSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-15.6K | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $14.1M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $38.0M |
8季度趋势，按日历期对齐
经营现金流NCLSWIM
| Q4 25 | — | $23.3M | ||
| Q3 25 | $-15.6K | $51.0M | ||
| Q2 25 | $-2.8M | $36.0M | ||
| Q1 25 | $-1.0M | $-46.9M | ||
| Q4 24 | $-1.6M | $6.2M | ||
| Q3 24 | $169.7K | $37.2M | ||
| Q2 24 | $-122.2K | $52.4M | ||
| Q1 24 | $297.9K | $-34.5M |
自由现金流NCLSWIM
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
自由现金流率NCLSWIM
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
资本支出强度NCLSWIM
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
现金转化率NCLSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.34× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | 4.96× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NCL
暂无分部数据
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
