Neo-concept International Group Holdings Ltd key statistics and ratios

In fiscal 2025, Neo-concept International Group Holdings Ltd had return on equity of 0.6%, an operating margin of 1.3%, debt equal to 16.8% of equity and a current ratio of 2.61. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Neo-concept International Group Holdings Ltd: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	9.4%	12.0%	20.1%	21.0%	36.9%
Operating margin	1.9%	5.4%	5.2%	4.9%	1.3%
Net margin	2.3%	3.6%	2.5%	3.4%	0.2%
Free-cash-flow margin	4.2%	−12.3%	−28.9%	−1.6%	12.7%
Return on equity	—	—	—	29.5%	0.6%
Return on assets	—	29.5%	6.6%	7.1%	0.3%
Asset turnover	—	8.27	2.62	2.08	1.09
Current ratio	—	0.40	0.91	1.84	2.61
Debt to equity	—	—	—	95.4%	16.8%
Effective tax rate	24.2%	19.4%	23.1%	11.9%	81.3%
Capital spending as % of revenue	0.0%	0.0%	0.7%	1.8%	2.9%
Free cash flow ÷ net income	187.0%	−345.4%	<−999%	−46.1%	>999%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 5 checks passed · December 31, 2025

What it owns · $15m

Short-term assets $7mLonger-term assets $8m

What it owes, and who funded it · $15m

Short-term liabilities $3mLonger-term liabilities $5mShareholders' equity $7m

Short-term assets cover short-term liabilities $7m of assets due within a year against $3m of liabilities due within a year.
Short-term assets cover long-term liabilities $7m short-term assets against $5m of longer-dated liabilities.
More cash than debt $299,730 of cash against $1m of debt.
Debt below 40% of shareholders' equity Debt is 17% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $3m of operating cash flow against $1m of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Neo-concept International Group Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Neo-concept International Group Holdings Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Neo-concept International Group Holdings Ltd.