Neo-Concept International Group Holdings Limited(NCI)Earnings, Financials & Key Ratios
NCI•NASDAQ
$11.51
138.8× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryApparel ManufacturingSub-IndustryApparel manufacturing, sourcing and textiles
AboutNeo-Concept International Group Holdings Limited provides one-stop apparel solution in Hong Kong. The company offers a suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management. It sells knitwear/apparel products under the les 100 ciels brand. The company serves brand owners, apparel sourcing agents, and online fashion retailers primarily located in North America, the United Kingdom, and Europe. Neo-Concept International Group Holdings Limited was incorporated in 2021 and is based in Kwun Tong, Hong Kong. Neo-Concept International Group Holdings Limited operates as a subsidiary of Neo-concept (BVI) Limited.Show more
- Revenue$137M-41.8%
- EBITDA$6M-65.7%
- Net Income$332K-95.9%
- EPS (Diluted)0.65-79.7%
- Gross Margin36.93%+76.0%
- EBITDA Margin4.4%-41.1%
- Operating Margin1.32%-73.2%
- Net Margin0.24%-92.9%
- ROE0.58%-98.0%
NCI Price & Volume
Neo-Concept International Group Holdings Limited (NCI) stock price & volume — 10-year historical chart
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Structural Margin Contraction Masks Liquidity Fragility Risks
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Severe revenue concentration risk
Key Thesis Takeaways
- Neo-Concept International faces significant structural headwinds as its integrated apparel manufacturing and retail model struggles to maintain profitability, evidenced by a swing to a $1.7M net loss in 2025Q4.
- The company's reliance on volatile working capital movements to sustain liquidity, rather than organic operational growth, creates a precarious financial profile.
- Investors should remain cautious as the firm's $49.9M accumulated deficit and high exposure to goodwill and PPE impairments threaten long-term equity stability.
Verdict Logic
the company's inability to maintain consistent profitability, highlighted by a -2.2% net margin in 2025Q4, suggests that the current business model lacks the necessary scale to overcome its $46.4M debt burden.
NCI Growth Metrics
Neo-Concept International Group Holdings Limited (NCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-5.55%
3 Years-26.63%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-70.09%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-49.21%
TTM-
Return on Capital
10 Years38.87%
5 Years38.87%
3 Years21.72%
Last Year1.88%
Peers Comparison
Key metrics vs top competitors for Neo-Concept International Group Holdings Limited (NCI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $11.51 | $5.84M | 138.81 | -41.76% | 0.24% | 0.58% | — | |
| $1.65 | $537.3M | -5.32 | -30.65% | -146.01% | -0.11% | — | |
| $0.84 | $24.98M | -3.23 | 15.17% | -3.05% | -15.02% | — | |
| $9.30 | $104.91M | 25.14 | 30.75% | 17.66% | 8.33% | — | |
| $33.92 | $1.43B | 22.46 | -7.04% | 4.34% | 7.12% | — | |
| $77.05 | $3.55B | 145.38 | 3.44% | 0.25% | 0.45% | — |
Compare NCI vs Peers
Neo-Concept International Group Holdings Limited (NCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NCI Frequently Asked Questions
Neo-Concept International Group Holdings Limited (NCI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Neo-Concept International Group Holdings Limited's revenue?
Neo-Concept International Group Holdings Limited (NCI) reported $137.2M in revenue for fiscal year 2025. This represents a 25% decrease from $182.6M in 2020.
How fast is Neo-Concept International Group Holdings Limited growing?
Neo-Concept International Group Holdings Limited (NCI) saw revenue decline by 41.8% over the past year.
Is NCI profitable?
Yes, Neo-Concept International Group Holdings Limited (NCI) is profitable, generating $0.3M in net income for fiscal year 2025 (0.2% net margin).
Dividend & Returns
What is NCI's return on equity?
Neo-Concept International Group Holdings Limited (NCI) has a return on equity (ROE) of 0.6%. This is below average, suggesting room for improvement.
What is Neo-Concept International Group Holdings Limited's free cash flow?
Neo-Concept International Group Holdings Limited (NCI) generated $17.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.