Revenue growth remains under pressure with a 9.06% year-over-year decline, while operating margins have stayed consistently negative, reaching -0.9% in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 434.97M | 422.21M | 464.29M | 489.27M | 498.74M | 477.58M | 427.53M | 489.51M | 770.66M | 619.79M | 833.49M | 667.28M | 488.6M | 373.21M | 370.08M | 424.69M | 365.37M | 259.38M | 424.84M | 421.29M | 330.32M | 321.39M | 304.09M | 253.46M | 192.86M | 180.15M | 132.13M | 85.29M | 73M | 75.3M | 84.5M |
| Revenue Growth % | -3.08% | -9.06% | -5.11% | -1.9% | 4.43% | 11.71% | -12.66% | -36.48% | 24.34% | -25.64% | 24.91% | 36.57% | 30.92% | 0.84% | -12.86% | 16.24% | 40.86% | -38.95% | 0.84% | 27.54% | 2.78% | 5.69% | 19.97% | 31.43% | 7.05% | 36.34% | 54.91% | 16.84% | -3.05% | -10.89% | 8.61% |
| Cost of Goods Sold | 306.64M | 398.29M | 394.81M | 419.18M | 421.11M | 390M | 343.59M | 392.48M | 588.21M | 458.63M | 621.02M | 525.99M | 384.89M | 295.14M | 294.86M | 347.62M | 296.42M | 235.47M | 344.69M | 337.02M | 257.7M | 248.83M | 240.58M | 195.66M | 144.27M | 137.59M | 93.93M | 59.97M | 50.4M | 51.7M | 56.7M |
| COGS % of Revenue | - | 94.34% | 85.04% | 85.67% | 84.43% | 81.66% | 80.37% | 80.18% | 76.33% | 74% | 74.51% | 78.83% | 78.77% | 79.08% | 79.67% | 81.85% | 81.13% | 90.78% | 81.13% | 80% | 78.02% | 77.42% | 79.12% | 77.19% | 74.81% | 76.38% | 71.09% | 70.31% | 69.04% | 68.66% | 67.1% |
| Gross Profit | 9.88M | 23.92M | 69.48M | 70.09M | 77.63M | 87.59M | 83.94M | 97.03M | 182.45M | 161.16M | 212.47M | 141.29M | 103.71M | 78.07M | 75.22M | 77.07M | 68.95M | 23.92M | 80.15M | 84.27M | 72.62M | 72.56M | 63.51M | 57.8M | 48.58M | 42.56M | 38.2M | 25.33M | 22.6M | 23.6M | 27.8M |
| Gross Margin % | 2.27% | 5.66% | 14.96% | 14.33% | 15.57% | 18.34% | 19.63% | 19.82% | 23.67% | 26% | 25.49% | 21.17% | 21.23% | 20.92% | 20.33% | 18.15% | 18.87% | 9.22% | 18.87% | 20% | 21.98% | 22.58% | 20.89% | 22.81% | 25.19% | 23.62% | 28.91% | 29.69% | 30.96% | 31.34% | 32.9% |
| Gross Profit Growth % | - | -65.58% | -0.88% | -9.71% | -11.37% | 4.35% | -13.49% | -46.82% | 13.21% | -24.15% | 50.38% | 36.23% | 32.84% | 3.78% | -2.39% | 11.78% | 188.28% | -70.16% | -4.89% | 16.04% | 0.09% | 14.25% | 9.87% | 18.98% | 14.15% | 11.4% | 50.84% | 12.07% | -4.24% | -15.11% | 16.32% |
| Operating Expenses | 36.51M | 42.05M | 97.03M | 91.9M | 98.72M | 78.58M | 201.4M | 114.63M | 170.8M | 126.54M | 143.23M | 96.38M | 65.9M | 50.24M | 49.2M | 47.64M | 50.41M | 54.93M | 59.91M | 59.4M | 46.8M | 45.4M | 46.74M | 35.54M | 34.25M | 29.72M | 20.74M | 12.98M | 10.5M | 9.6M | 8.3M |
| OpEx % of Revenue | - | 9.96% | 20.9% | 18.78% | 19.79% | 16.45% | 47.11% | 23.42% | 22.16% | 20.42% | 17.18% | 14.44% | 13.49% | 13.46% | 13.3% | 11.22% | 13.8% | 21.18% | 14.1% | 14.1% | 14.17% | 14.13% | 15.37% | 14.02% | 17.76% | 16.5% | 15.69% | 15.22% | 14.38% | 12.75% | 9.82% |
| Selling, General & Admin | 48.3M | 46.17M | 49.48M | 47.44M | 49.63M | 51.49M | 58.05M | 68.89M | 93.58M | 73.76M | 80.74M | 51.9M | 43.76M | 33.28M | 31.56M | 30.66M | 30.41M | 27.77M | 36.07M | 36.47M | 30.01M | 29.07M | 29.75M | 21.7M | 17.13M | 16.38M | 11.57M | 6.85M | 5.9M | 5.5M | 4.9M |
| SG&A % of Revenue | - | 10.94% | 10.66% | 9.7% | 9.95% | 10.78% | 13.58% | 14.07% | 12.14% | 11.9% | 9.69% | 7.78% | 8.96% | 8.92% | 8.53% | 7.22% | 8.32% | 10.7% | 8.49% | 8.66% | 9.08% | 9.05% | 9.79% | 8.56% | 8.88% | 9.09% | 8.76% | 8.04% | 8.08% | 7.3% | 5.8% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -4.12M | 47.55M | 44.46M | 49.09M | 27.1M | 143.34M | 45.73M | -1.34M | -39.87M | -214K | -21.78M | -2.22M | -275K | -852K | 16.98M | 20M | 27.16M | 23.84M | 22.93M | 16.79M | 16.33M | 16.99M | 13.84M | 17.12M | 13.34M | 9.16M | 6.13M | 4.6M | 4.1M | 3.4M |
| Operating Income | -14.4M | -18.13M | -27.55M | -21.8M | -21.09M | 9M | -117.46M | -17.59M | -178.89M | 33.54M | 58.93M | 28.73M | 27.69M | 27.83M | 25.07M | 29.43M | 16.25M | -31.01M | -21.82M | 11.24M | 25.89M | 27.89M | 14.37M | 19.78M | 18.96M | 10.53M | 17.47M | 12.34M | 12.1M | 14M | 19.5M |
| Operating Margin % | -3.31% | -4.29% | -5.93% | -4.46% | -4.23% | 1.89% | -27.47% | -3.59% | -23.21% | 5.41% | 7.07% | 4.3% | 5.67% | 7.46% | 6.77% | 6.93% | 4.45% | -11.96% | -5.14% | 2.67% | 7.84% | 8.68% | 4.72% | 7.8% | 9.83% | 5.84% | 13.22% | 14.47% | 16.58% | 18.59% | 23.08% |
| Operating Income Growth % | - | 34.17% | -26.34% | -3.38% | -334.25% | 107.67% | -567.63% | 90.17% | -633.31% | -43.08% | 105.15% | 3.75% | -0.5% | 10.99% | -14.82% | 81.14% | 152.39% | -42.1% | -294.23% | -56.6% | -7.16% | 94.11% | -27.36% | 4.32% | 80.12% | -39.74% | 41.52% | 2% | -13.57% | -28.21% | 12.72% |
| EBITDA | 21.99M | 17.79M | 17.75M | 24.32M | 26.14M | 55.2M | -71.78M | 27.3M | -107.76M | 85.95M | 109.65M | 73.21M | 49.83M | 44.78M | 42.71M | 46.45M | 35.44M | -7.68M | 6.4M | 34.45M | 43.84M | 44.67M | 30.72M | 33.61M | 30.17M | 23.87M | 26.63M | 18.47M | 16.7M | 18.1M | 22.9M |
| EBITDA Margin % | 5.06% | 4.21% | 3.82% | 4.97% | 5.24% | 11.56% | -16.79% | 5.58% | -13.98% | 13.87% | 13.16% | 10.97% | 10.2% | 12% | 11.54% | 10.94% | 9.7% | -2.96% | 1.51% | 8.18% | 13.27% | 13.9% | 10.1% | 13.26% | 15.64% | 13.25% | 20.16% | 21.66% | 22.88% | 24.04% | 27.1% |
| EBITDA Growth % | 57.35% | 0.2% | -26.99% | -6.97% | -52.65% | 176.9% | -362.89% | 125.34% | -225.38% | -21.61% | 49.78% | 46.9% | 11.27% | 4.85% | -8.04% | 31.05% | 561.56% | -219.97% | -81.42% | -21.42% | -1.85% | 45.41% | -8.61% | 11.41% | 26.42% | -10.39% | 44.17% | 10.62% | -7.73% | -20.96% | 16.24% |
| D&A (Non-Cash Add-back) | 36.39M | 35.92M | 45.3M | 46.12M | 47.23M | 46.2M | 45.68M | 44.9M | 71.13M | 52.41M | 50.72M | 44.48M | 22.15M | 16.96M | 17.64M | 17.02M | 19.2M | 23.33M | 28.23M | 23.21M | 17.95M | 16.78M | 16.35M | 13.84M | 11.21M | 13.34M | 9.16M | 6.13M | 4.6M | 4.1M | 3.4M |
| EBIT | -16.9M | -18.13M | -24.58M | -32.66M | -16.03M | -9.78M | -133.19M | -19.09M | -197.06M | -8.12M | 40.44M | 6.95M | 24.07M | 27.55M | 24.22M | 30.82M | 17.8M | -31.27M | -20.97M | 24.87M | 25.83M | 27.16M | 16.77M | 22.27M | 14.33M | 12.84M | 17.47M | 12.34M | 12.1M | 13.95M | 19.5M |
| Net Interest Income | -22.94M | -22.37M | -23.14M | -22.95M | -15.04M | -12.66M | -18.9M | -13.03M | -11.31M | -52.09M | -62.87M | -29.58M | -10.89M | -2.37M | -3.88M | -4.71M | -6.82M | -6.36M | -5.2M | -6.37M | -3.98M | -3.78M | -4.03M | -3.25M | -2.45M | -4.01M | -1.77M | 0 | -100K | 0 | -300K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 317K | 1.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 22.94M | 22.37M | 23.14M | 22.95M | 15.04M | 12.66M | 18.9M | 13.03M | 11.31M | 52.09M | 63.15M | 29.9M | 12.29M | 2.37M | 3.88M | 4.71M | 6.82M | 6.36M | 5.2M | 6.37M | 3.98M | 3.78M | 4.03M | 3.25M | 2.45M | 4.01M | 1.77M | 0 | 100K | 0 | 300K |
| Other Income/Expense | -19.41M | -12.72M | -8.31M | -26.06M | -3.38M | -25.18M | -31M | -14.53M | -83.12M | -90.65M | -42.28M | -51.67M | -14.52M | -2.65M | -4.73M | -3.33M | -5.26M | -12.08M | -4.35M | -5.99M | -2.94M | -3.12M | -6.43M | -3.2M | 3.94M | 81K | -1.52M | -523K | 100K | -52K | -200K |
| Pretax Income | -33.8M | -30.85M | -35.86M | -47.87M | -24.48M | -16.18M | -148.46M | -32.13M | -261.03M | -58.31M | -7.5M | -22.95M | 13.17M | 25.18M | 20.34M | 26.11M | 10.98M | -37.62M | -26.18M | 5.25M | 22.96M | 24.76M | 11.19M | 16.58M | 22.9M | 10.61M | 15.95M | 11.82M | 12.2M | 13.9M | 19.3M |
| Pretax Margin % | -7.77% | -7.31% | -7.72% | -9.78% | -4.91% | -3.39% | -34.73% | -6.56% | -33.87% | -9.41% | -0.9% | -3.44% | 2.7% | 6.75% | 5.5% | 6.15% | 3.01% | -14.51% | -6.16% | 1.25% | 6.95% | 7.71% | 3.68% | 6.54% | 11.87% | 5.89% | 12.07% | 13.86% | 16.71% | 18.46% | 22.84% |
| Income Tax | 1.13M | 3.15M | 2.41M | 2.29M | 1.62M | -1.76M | -8.97M | 305K | -10.96M | -79.21M | -9.83M | -9.91M | 5.79M | 8M | -3.93M | 5.17M | 4.57M | -2.29M | -8.54M | 6.42M | 8.52M | 9.75M | 4.09M | 5.73M | 6.46M | 4.09M | 5.96M | 4.06M | 4.5M | 5.4M | 6.8M |
| Effective Tax Rate % | -3.33% | -10.22% | -6.72% | -4.77% | -6.62% | 10.85% | 6.04% | -0.95% | 4.2% | 135.84% | 131.12% | 43.2% | 43.93% | 31.77% | -19.31% | 19.8% | 41.59% | 6.09% | 32.6% | 122.35% | 37.12% | 39.38% | 36.54% | 34.54% | 28.2% | 38.6% | 37.37% | 34.35% | 36.89% | 38.85% | 35.23% |
| Net Income | -34.93M | -34M | -38.27M | -50.15M | -26.1M | -13.22M | -100.59M | -46.74M | -264.47M | 26.03M | 8.27M | -9.58M | 8.22M | 17.18M | 24.27M | 20.94M | 6.42M | -35.33M | -17.64M | -1.17M | 14.44M | 15.01M | 7.1M | 10.18M | 13.66M | 4.66M | 9.99M | 7.76M | 7.7M | 8.5M | 12.5M |
| Net Margin % | -8.03% | -8.05% | -8.24% | -10.25% | -5.23% | -2.77% | -23.53% | -9.55% | -34.32% | 4.2% | 0.99% | -1.44% | 1.68% | 4.6% | 6.56% | 4.93% | 1.76% | -13.62% | -4.15% | -0.28% | 4.37% | 4.67% | 2.34% | 4.02% | 7.09% | 2.59% | 7.56% | 9.1% | 10.55% | 11.29% | 14.79% |
| Net Income Growth % | -7.74% | 11.15% | 23.68% | -92.16% | -97.34% | 86.85% | -115.21% | 82.33% | -1116.13% | 214.68% | 186.32% | -216.61% | -52.17% | -29.22% | 15.91% | 226.32% | 118.16% | -100.28% | -1404.01% | -108.13% | -3.84% | 111.38% | -30.22% | -25.51% | 193.09% | -53.32% | 28.72% | 0.77% | -9.41% | -32% | 8.7% |
| Net Income (Continuing) | -34.93M | -34M | -38.27M | -50.15M | -26.1M | -14.43M | -139.49M | -30.75M | -221.22M | 24.55M | -9.49M | -24.38M | 8.22M | 17.18M | 24.27M | 20.94M | 6.42M | -35.33M | -17.64M | -1.17M | 14.44M | 15.01M | 7.1M | 10.18M | 13.66M | 4.76M | 9.99M | 7.76M | 7.7M | 8.5M | 12.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 1.2M | 38.9M | -15.99M | 0 | 137.69M | 16.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32K | 32K | 32K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.71M | 30.93M | 30.26M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.70 | -1.07 | -1.11 | -1.35 | -0.73 | -0.47 | -3.39 | -1.15 | -8.35 | 5.85 | 0.25 | -0.45 | 0.43 | 1.00 | 1.42 | 1.24 | 0.39 | -2.17 | -1.11 | -0.07 | 0.83 | 0.87 | 0.41 | 0.62 | 0.49 | 0.30 | 0.64 | 0.52 | 0.52 | 0.57 | 0.83 |
| EPS Growth % | -34.21% | 3.6% | 17.78% | -84.93% | -55.32% | 86.14% | -194.78% | 86.23% | -242.74% | 2240% | 155.56% | -204.65% | -57% | -29.58% | 14.52% | 217.95% | 117.97% | -95.5% | -1485.71% | -108.43% | -4.6% | 112.2% | -33.87% | 26.53% | 63.33% | -53.13% | 23.08% | 0% | -8.77% | -31.33% | 5.06% |
| EPS (Basic) | - | -1.07 | -1.11 | -1.35 | -0.73 | -0.47 | -3.39 | -1.15 | -8.35 | 5.91 | 0.25 | -0.45 | 0.43 | 1.00 | 1.42 | 1.24 | 0.39 | -2.17 | -1.11 | -0.07 | 0.84 | 0.88 | 0.42 | 0.64 | 0.51 | 0.31 | 0.66 | 0.52 | 0.52 | 0.57 | 0.85 |
| Diluted Shares Outstanding | 49.7M | 49.44M | 48.65M | 46.74M | 44.68M | 44.01M | 42.2M | 42.03M | 31.68M | 27.75M | 27.02M | 21.18M | 18.98M | 17.26M | 17.11M | 16.95M | 16.62M | 16.27M | 15.89M | 16.75M | 17.35M | 17.19M | 17.15M | 16.38M | 15.71M | 15.54M | 15.53M | 15.04M | 14.8M | 14.81M | 15.06M |
| Basic Shares Outstanding | 49.7M | 49.44M | 48.65M | 46.74M | 44.68M | 44.01M | 42.2M | 42.03M | 31.68M | 27.43M | 27.02M | 21.18M | 18.26M | 17.18M | 17.09M | 16.95M | 16.62M | 16.27M | 15.89M | 16.75M | 17.13M | 17M | 16.73M | 15.97M | 15.34M | 15.26M | 15.25M | 15.02M | 14.8M | 14.81M | 14.71M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | 29.57% | 91.69% | - | 62.44% | 18.22% | - | - | - | - | - | - | 37.93% | 36.44% | 75.43% | 51.4% | 35.97% | 104.83% | 48.84% | 61.99% | 61.04% | 55.29% | 37.6% |
Structural margin erosion
As indicated by the historical income statement data, NNBR has experienced a sustained period of top-line pressure, with revenue growth frequently trending in negative territory, most recently highlighted by a 9.06% year-over-year decline that underscores the company's difficulty in maintaining its core industrial program volumes.
The consistent revenue contraction suggests that the company is struggling to replace legacy internal combustion engine program expirations with new business wins. This trend implies that the firm's competitive positioning in automotive supply chains may be weakening as the industry shifts toward alternative vehicle architectures.
Based on reported financial filings, NNBR's gross margin has faced significant volatility and compression, frequently dipping into low single digits or negative territory, which suggests an inability to effectively pass through raw material cost inflation or maintain adequate capacity utilization across its specialized manufacturing footprint.
The thin gross margins indicate that the company lacks the pricing power necessary to offset its high fixed-cost structure. Investors should monitor whether management can achieve a more favorable product mix shift toward the Power Solutions segment to stabilize these historically fragile profitability levels.
According to the provided income statement data, NNBR's operating income has remained consistently negative over the last ten quarters, demonstrating that the company's current revenue scale is insufficient to absorb its fixed SG&A expenses, thereby preventing the realization of any meaningful operating leverage during this cycle.
The persistent operating losses suggest that the company's overhead structure is misaligned with its current production output. Without a significant increase in volume or a drastic reduction in fixed costs, the firm appears unlikely to achieve sustainable operating profitability in the near term.
As reported in financial statements, NNBR's net income is frequently impacted by non-operating items and restructuring charges, resulting in a series of quarterly losses that complicate the assessment of core operational performance and suggest a lack of earnings visibility for potential investors.
The recurring nature of these losses, coupled with the impact of stock-based compensation, warrants further investigation into the company's underlying cash-generating capability. The lack of consistent positive net income suggests that the current business model may be fundamentally challenged by its legacy asset base.
While some market participants might point to the potential value of the Power Solutions segment, the income statement data suggests that the company's overall financial health is currently deteriorating, with persistent losses and revenue contraction casting doubt on the efficacy of ongoing restructuring efforts.
Short-term optimism regarding a pivot to higher-margin sectors may be premature given the lack of evidence in the current financials. The risk remains that the company's legacy manufacturing assets will continue to act as a drag on performance, necessitating further capital infusions or asset impairments.
Quick answers to the most common questions about buying NNBR stock.
For fiscal year 2025, NN, Inc. (NNBR) reported total revenue of $422.2M. This represents a 399.7% increase compared to $84.5M in 1996.
NN, Inc. (NNBR) reported a net loss of $34.0M for the fiscal year ending 2025.
NN, Inc. (NNBR) reported an operating income of $-18.1M, resulting in an operating profit margin of -4.3%. This margin reflects the operational efficiency of the business before interest and taxes.
NN, Inc. (NNBR) generated $23.9M in gross profit for the year, representing a gross profit margin of 5.7%. This demonstrates the company's core pricing power and production efficiency.