CompanyGraph
Nel ASA
NEL · Oslo Børs · Norway
Price data from its 0E4Q listing on LSE
nelhydrogen.comFinancials as of FY2025
At a glance
- Depends onDownstream position: depends on 12 industries, supplies 6
- PositionGross margin is 54.1%, higher than 95% of its Specialty Industrial Machinery peers (median 26.3%)
- FinancialsAltman Z-Score 1.02: distress zone
- Interpretations3 currently firing — 3
Sign in to view price data.
Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
4.11BNOK436.22M · vs all stocks (USD)
Revenue (TTM)
935.36MNOK99.28M · vs all stocks (USD)
Profit Margin
-137.63%vs Specialty Industrial Machinery peers
Beta
1.46xvs all stocks
52-Week Change
-14.23%vs all stocks
Market Capitalization
4.11BNOK436.22M · vs all stocks (USD)
Enterprise Value
2.90BNOK307.51M · vs all stocks (USD)
Forward P/E
-10.92xvs Specialty Industrial Machinery peers
Price to Sales (TTM)
4.21xvs Specialty Industrial Machinery peers
Price to Book (MRQ)
1.09xvs Specialty Industrial Machinery peers
Enterprise to Revenue
3.10xvs Specialty Industrial Machinery peers
Enterprise to EBITDA
-7.31xvs Specialty Industrial Machinery peers
Gross Margin
54.06%vs Specialty Industrial Machinery peers
Profit Margin
-137.63%vs Specialty Industrial Machinery peers
Operating Margin
-133.78%vs Specialty Industrial Machinery peers
Return on Assets (TTM)
-6.98%vs Specialty Industrial Machinery peers
Return on Equity (TTM)
-30.33%vs Specialty Industrial Machinery peers
Revenue (TTM)
935.36MNOK99.28M · vs all stocks (USD)
Revenue per Share (TTM)
0.5090NOKUpdated Aug 19, 2026Quarterly Revenue Growth
-11.80%vs Specialty Industrial Machinery peers
Gross Profit (TTM)
533.66MNOK56.64M · vs all stocks (USD)
EBITDA (TTM)
594.71MNOK63.12M · vs all stocks (USD)
Net Income (TTM)
-1.29BNOK-136.64M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-1.25%vs Specialty Industrial Machinery peers
Operating Cash Flow (TTM)
-305.38MNOK-32.41M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-598.44MNOK-63.52M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.00NOKUpdated Aug 19, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Specialty Industrial Machinery peers
Revenue
963.11MNOKFY2025 · Dec 31, 2025Cost of Goods Sold
400.63MNOKFY2025 · Dec 31, 2025Gross Profit
562.49MNOKFY2025 · Dec 31, 2025Operating Income
-687.33MNOK-72.95M · vs all stocks (USD)
Pre-tax Income
-1.30BNOKFY2025 · Dec 31, 2025Income Tax Expense
-31.04MNOKFY2025 · Dec 31, 2025Net Income
-1.27BNOKFY2025 · Dec 31, 2025EBIT
-1.28BNOKFY2025 · Dec 31, 2025EBITDA (Income Statement)
594.71MNOKFY2025 · Dec 31, 2025Research & Development
42.16MNOKFY2025 · Dec 31, 2025Selling, General & Administrative
108.19MNOKFY2025 · Dec 31, 2025Other Operating Expenses
236.06MNOKFY2025 · Dec 31, 2025Non-operating Interest Income
92.66MNOKFY2025 · Dec 31, 2025Non-operating Interest Expense
16.67MNOKFY2025 · Dec 31, 2025EPS (Basic)
-0.7000NOKFY2025 · Dec 31, 2025EPS (Diluted)
-0.7000NOKFY2025 · Dec 31, 2025Basic Shares Outstanding
1.81BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
1.81BSharesFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00NOKFY2025 · Dec 31, 2025Operating Cash Flow
-1.37BNOKFY2025 · Dec 31, 2025Free Cash Flow
-1.52BNOKFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
1.62BNOKFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-1.30BNOKFY2025 · Dec 31, 2025Stock-based Compensation
2.01MNOKFY2025 · Dec 31, 2025Other Non-cash Items
16.67MNOKFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
205.75MNOKFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-298.82MNOKFY2025 · Dec 31, 2025Capital Expenditures
-145.16MNOKFY2025 · Dec 31, 2025Net Acquisitions
4.53MNOKFY2025 · Dec 31, 2025Purchase of Investments
-52.95MNOKFY2025 · Dec 31, 2025Sale of Investments
0.00NOKFY2025 · Dec 31, 2025Other Investing Activity
33.45MNOKFY2025 · Dec 31, 2025Net Investing Cash Flow
-160.13MNOKFY2025 · Dec 31, 2025Net Financing Cash Flow
353.07MNOKFY2025 · Dec 31, 2025Shares Outstanding
1.84BSharesUpdated Aug 19, 2026Float Shares
1.67BSharesUpdated Aug 19, 2026% Held by Insiders
9.84%vs all stocks
% Held by Institutions
10.03%vs all stocks
Total Cash (MRQ)
1.33BNOK140.96M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.7230NOKUpdated Aug 19, 2026Total Debt (MRQ)
218.45MNOK23.19M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.0607xvs Specialty Industrial Machinery peers
Current Ratio (MRQ)
4.00xvs Specialty Industrial Machinery peers
Book Value per Share (MRQ)
1.96NOKUpdated Aug 19, 2026Total Assets
4.96BNOK526.12M · vs all stocks (USD)
Total Current Assets
2.99BNOKFY2025 · Dec 31, 2025Total Liabilities
1.02BNOKFY2025 · Dec 31, 2025Total Non-current Assets
1.97BNOKFY2025 · Dec 31, 2025Total Non-current Liabilities
258.92MNOKFY2025 · Dec 31, 2025Total Current Liabilities
764.73MNOKFY2025 · Dec 31, 2025Cash & Cash Equivalents
1.61BNOKFY2025 · Dec 31, 2025Other Short-term Investments
11.73MNOKFY2025 · Dec 31, 2025Accounts Receivable
240.91MNOKFY2025 · Dec 31, 2025Inventory
918.79MNOKFY2025 · Dec 31, 2025Accounts Payable
126.80MNOKFY2025 · Dec 31, 2025Short-term Debt
42.96MNOKFY2025 · Dec 31, 2025Other Current Liabilities
47.69MNOKFY2025 · Dec 31, 2025Long-term Debt
190.19MNOKFY2025 · Dec 31, 2025Other Non-current Liabilities
8.25MNOKFY2025 · Dec 31, 2025Common Stock (Book)
367.69MNOKFY2025 · Dec 31, 2025Retained Earnings
-4.51BNOKFY2025 · Dec 31, 2025Total Shareholders' Equity
3.93BNOK417.47M · vs all stocks (USD)
Treasury Stock
84.00KNOKFY2025 · Dec 31, 202552-Week Low
1.92NOKUpdated Aug 19, 202652-Week High
3.96NOKUpdated Aug 19, 202652-Week Change
-14.23%vs all stocks
Beta
1.46xvs all stocks
50-Day MA
2.31NOKUpdated Aug 19, 2026200-Day MA
2.38NOKUpdated Aug 19, 2026Avg 10-Day Volume
2.16MSharesUpdated Aug 19, 2026Avg 30-Day Volume
2.34MSharesUpdated Aug 19, 2026Diluted EPS (TTM)
-0.7100NOKUpdated Aug 19, 20263 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Liquidity Ratios Elevated
It can cover near-term bills from cash alone, not just from inventory.
Reads
Low-Leverage Liquidity Configuration
Cash on hand covers most or all of its debt, and its equity share of assets is high for its industry.
Reads
Where is this company structurally exposed?
Ulcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility Elevated
It sits well below its peak, and the fall has been both deep and long.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is 54.1%, higher than 95% of its Specialty Industrial Machinery peers (median 26.3%)Significant
Gross margin: 0.54Industry median: 0.26Industry P95: 0.48Peers compared: 374
Operating margin is -133.8%, lower than 95% of its Specialty Industrial Machinery peers (median 7.9%)Significant
Operating margin: -1.34Industry median: 0.08Industry P5: -0.12Peers compared: 374
Profit margin is -137.6%, lower than 95% of its Specialty Industrial Machinery peers (median 5.8%)Significant
Profit margin: -1.38Industry median: 0.06Industry P5: -0.20Peers compared: 374
Return on equity is -30.3%, lower than 95% of its Specialty Industrial Machinery peers (median 5.2%)Significant
Return on equity: -0.30Industry median: 0.05Industry P5: -0.16Peers compared: 374
Return on assets is -7%, lower than 95% of its Specialty Industrial Machinery peers (median 3%)Significant
Return on assets: -0.07Industry median: 0.03Industry P5: -0.07Peers compared: 374
Structural Tensions
High gross margins eroded by operating costsNotable
Gross Margin: 0.54Profit Margin: -1.38
Looks liquid, but the distress score says otherwiseNotable
Current Ratio: 4.00Altman Z-Score: 1.02
Financial Health
Altman Z-Score 1.02: distress zoneCritical
Altman Z-Score: 1.02
Low earnings qualitySignificant
Earnings Quality Score: -0.54
Supply Chain
Downstream position: depends on 12 industries, supplies 6Notable
Outgoing: 6.00Incoming: 12.00
High connectivity hub: 18 industry connectionsNotable
Total Connections: 18.00
Companies that share the same coordination system — how they create, deliver, or capture value.
Iriso Electronics Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowRule
Guangdong Guanghong Holdings Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowRisk
Zhejiang Jinsheng New Materials Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowRule
Xin Hee Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowAttention
Sun.King Technology Group Limited
Tier 1ProductionThroughput-Bound ConversionFlowRule
Shenyang Yuanda Intellectual Industry Group Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowRule
Huangshan Googe Co. Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowSenseMaking
Xilinmen Furniture Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionFlowInterface
Qatari Investors Group
Tier 1ProductionThroughput-Bound ConversionFlowRisk
Fujian South Highway Machinery Co., Ltd.
Tier 1ProductionThroughput-Bound ConversionSenseMakingRisk
Companies that share active interpretations — structural patterns currently present in both stocks.
New Frontier Minerals Limited
3 interpretationsUlcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility ElevatedLiquidity Ratios ElevatedLow-Leverage Liquidity Configuration
Hubei W-Olf Photoelectric Co., Ltd.
3 interpretationsUlcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility ElevatedLiquidity Ratios ElevatedLow-Leverage Liquidity Configuration
Wuhan Kotei Informatics Co., Ltd.
3 interpretationsUlcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility ElevatedLiquidity Ratios ElevatedLow-Leverage Liquidity Configuration