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Nel stock: key metrics
NEL.OLNel had an operating margin of −58.7% and a return on invested capital (ROIC) of −15.1% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | no data | no data | no data |
| 2007 | no data | no data | no data |
| 2008 | no data | no data | no data |
| 2009 | −184.3% | −30,450.4% | −30,050.0% |
| 2010 | −65.1% | −3,890.3% | −3,825.3% |
| 2011 | 30.9% | −1,196.1% | −1,122.8% |
| 2012 | −428.0% | −33,186.5% | −32,355.3% |
| 2013 | −253.2% | −23,694.0% | −23,341.8% |
| 2014 | 72.1% | −109.2% | −54.0% |
| 2015 | 52.4% | −20.6% | −24.5% |
| 2016 | 38.2% | −56.2% | −56.7% |
| 2017 | 42.9% | −40.9% | −18.3% |
| 2018 | 34.1% | −43.3% | −41.7% |
| 2019 | 34.0% | −49.2% | −52.0% |
| 2020 | 31.9% | −55.8% | 218.2% |
| 2021 | 26.7% | −77.4% | −221.3% |
| 2022 | −0.6% | −139.8% | −128.0% |
| 2023 | 48.1% | −41.6% | −50.9% |
| 2024 | 63.7% | −28.0% | −17.6% |
| 2025 | −30.9% | −58.7% | −131.4% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | −93.5% | −67.4% | −67.0% |
| 2007 | −100.0% | −89.2% | −93.3% |
| 2008 | −100.0% | no data | −88.9% |
| 2009 | −100.0% | −91.2% | −84.6% |
| 2010 | −46.7% | −49.6% | −37.4% |
| 2011 | −63.2% | −36.9% | −50.7% |
| 2012 | −100.0% | −84.7% | −100.0% |
| 2013 | −100.0% | no data | −100.0% |
| 2014 | −3.3% | −20.4% | −2.7% |
| 2015 | −3.0% | −5.4% | −2.7% |
| 2016 | −8.3% | −9.8% | −7.3% |
| 2017 | −3.7% | −11.4% | −3.0% |
| 2018 | −12.0% | −12.7% | −9.7% |
| 2019 | −14.6% | −14.5% | −11.1% |
| 2020 | 23.1% | −21.3% | 20.6% |
| 2021 | −33.1% | −27.1% | −27.7% |
| 2022 | −21.5% | −52.2% | −16.9% |
| 2023 | −13.8% | −21.8% | −10.9% |
| 2024 | −4.9% | −9.5% | −3.9% |
| 2025 | −32.2% | −15.1% | −25.5% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NOK 9.5325)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 30 Jun 2021)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.