Neo-Concept International Group Holdings Limited (NCI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NCI SEC filings page.
Neo-Concept International Group Holdings Limited (NCI) reported $17.6M in revenue for fiscal year 2025, down 41.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue contracted sharply, yet gross profit held up through margin expansion while cash generation reflected working-capital release.
In FY2025, operating cash flow reached$2.7M while net income was only$43K ; that divergence means reported cash generation was not primarily produced by current-period profit. Accounts receivable fell from$4.4M in FY2024 to$936K in FY2025, making collections from earlier sales a more plausible cash driver than improved earnings.
The 42.0% revenue contraction did not prevent gross profit from increasing, indicating the business retained more dollars per reported sale. Gross-profit margin expanded to
Equity shifted from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Neo-Concept International Group Holdings Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Neo-Concept International Group Holdings Limited has an operating margin of 1.3%, meaning the company retains $1 of operating profit per $100 of revenue. This results in a moderate score of 48/100, indicating healthy but not exceptional operating efficiency. This is down from 4.9% the prior year.
Neo-Concept International Group Holdings Limited's revenue declined 41.9% year-over-year, from $30.3M to $17.6M. This contraction results in a growth score of 8/100.
Neo-Concept International Group Holdings Limited carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.61, Neo-Concept International Group Holdings Limited holds $2.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Neo-Concept International Group Holdings Limited's free cash flow margin of 12.7% results in a low score of 25/100. Capital expenditures of $515K absorb a large share of operating cash flow.
Neo-Concept International Group Holdings Limited's ROE of 0.6% shows moderate profitability relative to equity, earning a score of 64/100. This is down from 14.2% the prior year.
Neo-Concept International Group Holdings Limited scores 3.71, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($34.6M) relative to total liabilities ($7.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Neo-Concept International Group Holdings Limited passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Neo-Concept International Group Holdings Limited reported $43K of net income while generating $2.7M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Neo-Concept International Group Holdings Limited held $300K in cash against $611K in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
NCI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
NCI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2410-K | Q4'2310-K |
|---|---|---|---|
| Total Assets | $14.9M-14.9% | $17.5M+50.5% | $11.6M |
| Current Assets | $6.8M-27.5% | $9.3M+14.1% | $8.2M |
| Cash & Equivalents | $300K-74.6% | $1.2M+57.6% | $749K |
| Short-Term Investments | $0 | $0 | $0 |
| Inventory | $1.6M+234.3% | $466K-31.6% | $681K |
| Accounts Receivable | $936K-78.7% | $4.4M+6.2% | $4.1M |
| Long-Term Investments | $0 | $0 | $0 |
| Total Liabilities | $7.6M-25.3% | $10.1M-14.8% | $11.9M |
| Current Liabilities | $2.6M-48.8% | $5.1M-43.4% | $8.9M |
| Non-Current Liabilities | $5.0M-1.8% | $5.1M+71.5% | $3.0M |
| Long-Term Debt | $611K-82.5% | $3.5M-11.4% | $3.9M |
| Total Equity | $7.3M-0.6% | $7.3M+2494.1% | -$306K |
| Retained Earnings | -$6.4M+0.9% | -$6.5M+13.3% | -$7.5M |
Not reported in any period shown, so not listed: Goodwill.
NCI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
NCI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Neo-Concept International Group Holdings Limited NCI | FY2025 | $17.6M | $43K | 0.2% | $34.6M | 47/100 |
| Xcel Brands XELB | FY2025 | $4.9M | -$17.5M | N/A | $5.8M | 25/100 |
| JX LUXVENTURE LIMITED JXG | FY2025 | $82.9M | -$11.0M | -13.3% | $102.5M | 24/100 |
| PERFECT MOMENT LTD PMNT | FY2026 | $23.6M | -$7.1M | -30.2% | $9.3M | — |
| J-Long Group Ltd JL | FY2025 | $39.1M | $2.6M | 6.6% | $18.0M | 58/100 |
| Jerash Hldgs Us Inc JRSH | FY2026 | $166.3M | $3.6M | 2.2% | $69.4M | 60/100 |
Where Neo-Concept International Group Holdings Limited Ranks
Frequently Asked Questions
What is Neo-Concept International Group Holdings Limited's annual revenue?
Neo-Concept International Group Holdings Limited (NCI) reported $17.6M in total revenue for fiscal year 2025. This represents a -41.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Neo-Concept International Group Holdings Limited's revenue growing?
Neo-Concept International Group Holdings Limited (NCI) revenue declined by 41.9% year-over-year, from $30.3M to $17.6M in fiscal year 2025.
Is Neo-Concept International Group Holdings Limited profitable?
Yes, Neo-Concept International Group Holdings Limited (NCI) reported a net income of $43K in fiscal year 2025, with a net profit margin of 0.2%.
What is Neo-Concept International Group Holdings Limited's EBITDA?
Neo-Concept International Group Holdings Limited (NCI) had EBITDA of $776K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Neo-Concept International Group Holdings Limited have?
As of fiscal year 2025, Neo-Concept International Group Holdings Limited (NCI) had $300K in cash and equivalents against $611K in long-term debt.
What is Neo-Concept International Group Holdings Limited's gross margin?
Neo-Concept International Group Holdings Limited (NCI) had a gross margin of 36.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Neo-Concept International Group Holdings Limited's operating margin?
Neo-Concept International Group Holdings Limited (NCI) had an operating margin of 1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Neo-Concept International Group Holdings Limited's net profit margin?
Neo-Concept International Group Holdings Limited (NCI) had a net profit margin of 0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Neo-Concept International Group Holdings Limited's return on equity (ROE)?
Neo-Concept International Group Holdings Limited (NCI) has a return on equity of 0.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Neo-Concept International Group Holdings Limited's free cash flow?
Neo-Concept International Group Holdings Limited (NCI) generated $2.2M in free cash flow during fiscal year 2025. This represents a 566.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Neo-Concept International Group Holdings Limited's operating cash flow?
Neo-Concept International Group Holdings Limited (NCI) generated $2.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Neo-Concept International Group Holdings Limited's total assets?
Neo-Concept International Group Holdings Limited (NCI) had $14.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Neo-Concept International Group Holdings Limited's capital expenditures?
Neo-Concept International Group Holdings Limited (NCI) invested $515K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Neo-Concept International Group Holdings Limited's current ratio?
Neo-Concept International Group Holdings Limited (NCI) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.
What is Neo-Concept International Group Holdings Limited's debt-to-equity ratio?
Neo-Concept International Group Holdings Limited (NCI) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Neo-Concept International Group Holdings Limited's return on assets (ROA)?
Neo-Concept International Group Holdings Limited (NCI) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Neo-Concept International Group Holdings Limited's P/E ratio?
Neo-Concept International Group Holdings Limited (NCI) trades at 812x earnings, its market capitalization divided by net income of $43K net income, FY2025. The market capitalization is $34.6M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Neo-Concept International Group Holdings Limited's price-to-sales ratio?
Neo-Concept International Group Holdings Limited (NCI) trades at 2.0x sales, its market capitalization divided by revenue of $17.6M revenue, FY2025. The market capitalization is $34.6M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Neo-Concept International Group Holdings Limited's Altman Z-Score?
Neo-Concept International Group Holdings Limited (NCI) has an Altman Z-Score of 3.71, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Neo-Concept International Group Holdings Limited's Piotroski F-Score?
Neo-Concept International Group Holdings Limited (NCI) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Neo-Concept International Group Holdings Limited's earnings high quality?
Neo-Concept International Group Holdings Limited (NCI) reported $43K of net income while generating $2.7M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Neo-Concept International Group Holdings Limited?
Neo-Concept International Group Holdings Limited (NCI) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.