Noah (NOAH) Financials

$10.06 -0.42 (-3.99%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$10.10 +0.04 (+0.38%)

As of 05/22/2026 07:10 PM Eastern

Annual Income Statements for Noah

This table shows Noah's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	82	92	117	118	119	-115	206	142	142	65	80
Consolidated Net Income / (Loss)	80	86	117	117	124	-114	205	141	141	67	80
Net Income / (Loss) Continuing Operations	80	86	117	117	124	-114	205	141	141	67	80
Total Pre-Tax Income	97	105	133	147	139	-90	204	167	170	119	122
Total Operating Income	85	96	119	135	131	194	188	158	155	87	111
Total Gross Profit	323	360	217	254	237	276	316	241	260	168	192
Total Revenue	323	367	437	482	490	511	679	454	467	359	376
Operating Revenue	323	367	437	482	490	511	679	454	467	359	376
Total Cost of Revenue	0.00	6.89	219	227	253	235	363	213	207	191	184
Operating Cost of Revenue	-	6.89	219	228	234	234	346	213	208	188	177
Other Cost of Revenue	-	-	0.32	-0.10	19	1.24	18	-0.06	-0.99	3.27	7.47
Total Operating Expenses	238	265	98	119	106	82	127	83	105	81	81
Selling, General & Admin Expense	81	102	110	125	118	100	129	85	107	78	78
Other Operating Expenses / (Income)	157	163	-11	-6.03	-13	-17	-1.27	-2.01	-2.04	3.83	2.35
Total Other Income / (Expense), net	12	9.50	14	12	7.61	-284	16	8.86	16	32	11
Interest & Investment Income	12	9.86	17	17	8.68	-2.93	22	21	14	28	23
Other Income / (Expense), net	0.07	-0.36	0.54	-3.40	-1.01	-281	-5.99	-12	1.53	3.81	-11
Income Tax Expense	20	23	31	32	32	40	46	39	37	37	43
Other Gains / (Losses), net	3.25	3.20	14	2.11	17	15	47	13	7.62	-15	-0.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.45	-6.59	-1.16	-1.10	4.97	0.26	-1.26	-0.72	-1.19	1.58	-0.23
Basic Earnings per Share	$19.08	$22.87	$26.98	$27.70	$27.12	($24.02)	$3.91	$0.41	$0.41	$0.19	$0.23
Weighted Average Basic Shares Outstanding	28.09M	28.15M	28.28M	29.29M	30.58M	31.02M	335.86M	341.66M	347.37M	350.85M	348.77M
Diluted Earnings per Share	$18.31	$22.08	$25.90	$26.67	$26.84	($24.02)	$3.89	$0.41	$0.41	$0.18	$0.23
Weighted Average Diluted Shares Outstanding	30.15M	30.04M	30.23M	30.71M	30.92M	31.02M	337.82M	341.98M	347.42M	352.35M	351.96M
Weighted Average Basic & Diluted Shares Outstanding	28.07M	28.23M	28.70M	30.21M	30.80M	31.09M	30.08M	31.95M	328.03M	335.15M	335.26M

No quarterly income statements for Noah are available.

This table details how cash moves in and out of Noah's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	58	122	-165	116	242	97	-253	148	130	-208	77
Net Cash From Operating Activities	103	98	96	150	185	122	239	92	186	53	140
Net Cash From Continuing Operating Activities	103	98	96	150	185	122	239	92	186	53	140
Net Income / (Loss) Continuing Operations	80	86	117	117	124	-114	205	141	141	67	80
Consolidated Net Income / (Loss)	80	86	117	117	124	-114	205	141	141	67	80
Depreciation Expense	5.24	8.79	13	13	15	15	23	23	22	21	22
Non-Cash Adjustments To Reconcile Net Income	7.11	11	-0.72	11	46	228	-2.73	-26	36	39	35
Changes in Operating Assets and Liabilities, net	10	-6.69	-31	18	5.07	-5.88	14	-46	-14	-74	2.27
Net Cash From Investing Activities	-116	-127	-128	-58	-26	54	-404	11	-35	-115	43
Net Cash From Continuing Investing Activities	-116	-127	-128	-58	-26	54	-404	11	-35	-115	43
Purchase of Property, Plant & Equipment	-	-15	-23	-19	-9.38	-7.94	-356	-9.09	-22	-11	-19
Acquisitions	-	0.00	0.00	-28	-1.20	1.25	-4.39	0.00	-3.52	0.00	-7.16
Purchase of Investments	0.00	-123	-251	-173	-295	-71	-43	-26	-94	-246	-224
Sale and/or Maturity of Investments	-89	98	170	149	277	95	45	24	57	124	289
Other Investing Activities, net	-5.54	-87	-24	13	3.19	37	-50	22	29	18	3.76
Net Cash From Financing Activities	70	143	-121	16	78	-57	-81	34	-28	-155	-91
Net Cash From Continuing Financing Activities	70	143	-121	16	78	-57	-81	34	-28	-155	-91
Repurchase of Common Equity	-6.79	-1.81	-4.80	0.00	0.00	-43	-58	0.00	0.00	-7.31	-7.48
Payment of Dividends	-0.61	0.00	-0.30	0.00	-1.00	-4.36	-0.91	0.00	-28	-139	-83
Other Financing Activities, net	0.00	120	-125	0.00	0.00	-9.46	-28	-4.49	0.18	-8.61	-0.56
Effect of Exchange Rate Changes	0.65	7.53	-12	8.20	5.43	-23	-7.33	12	6.77	9.89	-14
Cash Income Taxes Paid	20	29	31	31	30	48	57	59	40	28	27

No quarterly cash flow statements for Noah are available.

This table presents Noah's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	624	854	997	1,166	1,407	1,446	1,709	1,711	1,787	1,614	1,679
Total Current Assets	497	679	619	743	966	1,031	866	916	1,002	887	910
Cash & Equivalents	325	428	293	394	630	770	534	639	731	524	624
Restricted Cash	0.15	0.14	0.00	0.36	0.95	1.54	0.08	3.36	22	1.19	1.59
Short-Term Investments	85	43	25	66	96	18	15	46	53	175	94
Note & Lease Receivable	20	103	117	90	94	64	93	68	40	23	16
Accounts Receivable	55	92	106	124	110	147	198	137	126	133	145
Other Current Assets	11	13	79	69	35	31	26	24	29	31	29
Plant, Property, & Equipment, net	30	35	47	50	43	38	405	360	350	326	337
Total Noncurrent Assets	97	141	331	373	398	376	438	434	435	400	432
Long-Term Investments	88	127	300	349	309	277	325	329	329	321	357
Noncurrent Deferred & Refundable Income Taxes	6.68	7.99	11	17	24	34	53	63	61	44	44
Other Noncurrent Operating Assets	2.57	5.54	19	7.27	65	65	60	42	45	35	31
Total Liabilities & Shareholders' Equity	624	854	997	1,166	1,407	1,446	1,709	1,711	1,787	1,614	1,679
Total Liabilities	238	320	305	268	277	326	431	333	318	242	251
Total Current Liabilities	147	226	280	232	216	289	358	276	266	196	204
Accrued Expenses	75	80	96	98	80	109	149	97	79	57	58
Current Deferred Revenue	10	13	31	21	14	11	9.99	9.85	10	9.90	7.78
Current Deferred & Payable Income Tax Liabilities	9.56	3.32	2.82	7.90	18	22	30	18	13	8.75	21
Other Current Liabilities	52	130	76	105	104	148	170	151	164	121	117
Total Noncurrent Liabilities	91	94	25	36	61	37	73	57	52	46	47
Noncurrent Deferred & Payable Income Tax Liabilities	0.01	0.64	7.69	9.77	8.10	7.06	37	36	37	34	38
Other Noncurrent Operating Liabilities	12	14	17	5.20	53	30	36	21	15	12	9.60
Commitments & Contingencies	-	-	0.00	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	386	486	692	899	1,131	1,119	1,278	1,377	1,469	1,372	1,428
Total Preferred & Common Equity	373	478	680	850	1,007	1,105	1,262	1,364	1,452	1,363	1,405
Total Common Equity	373	478	680	850	1,001	1,105	1,262	1,364	1,452	1,363	1,405
Common Stock	151	176	211	276	313	548	555	551	535	535	568
Retained Earnings	243	321	442	574	680	614	814	813	907	809	832
Accumulated Other Comprehensive Income / (Loss)	-3.31	-0.78	33	5.27	14	-12	-22	-0.37	11	26	5.97
Other Equity Adjustments	0.00	-	-	-	-	-	-	-	0.00	-7.31	-0.59
Noncontrolling Interest	13	8.48	12	49	124	14	16	14	17	9.16	22

No quarterly balance sheets for Noah are available.

This table displays calculated financial ratios and metrics derived from Noah's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	335,258,287.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	335,258,287.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.24
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.32%	13.80%	18.89%	10.32%	1.72%	4.35%	32.77%	-33.18%	3.01%	-23.15%	4.72%
EBITDA Growth	0.26%	15.19%	25.40%	4.04%	3.11%	-151.72%	383.24%	-18.12%	6.23%	-37.17%	8.86%
EBIT Growth	-1.79%	11.95%	25.66%	9.75%	-0.84%	-166.81%	309.14%	-20.20%	7.44%	-41.95%	9.89%
NOPAT Growth	1.65%	10.95%	22.43%	14.48%	-3.53%	33.48%	7.41%	-16.76%	-0.04%	-50.48%	20.82%
Net Income Growth	7.43%	6.99%	36.36%	0.07%	6.01%	-192.21%	279.22%	-31.27%	0.09%	-52.68%	19.43%
EPS Growth	15.74%	20.59%	17.30%	2.97%	0.64%	-189.49%	116.19%	-26.48%	1.75%	-54.89%	22.99%
Operating Cash Flow Growth	8.41%	-4.27%	-2.01%	55.39%	23.45%	-33.78%	94.97%	-61.58%	102.35%	-71.42%	163.17%
Free Cash Flow Firm Growth	-8.22%	-63.71%	-259.79%	444.14%	-17.39%	49.15%	-216.15%	179.85%	-8.80%	-71.94%	73.00%
Invested Capital Growth	-14.03%	146.55%	857.58%	-25.51%	-15.15%	-43.51%	658.36%	-10.54%	-7.80%	5.43%	-0.01%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	98.12%	49.80%	52.79%	48.35%	53.95%	46.49%	53.02%	55.61%	46.83%	51.01%
EBITDA Margin	28.00%	28.34%	29.90%	28.19%	28.58%	-14.16%	30.22%	37.03%	38.18%	31.22%	32.46%
Operating Margin	26.36%	26.05%	27.30%	27.99%	26.81%	37.85%	27.71%	34.79%	33.09%	24.18%	29.53%
EBIT Margin	26.38%	25.95%	27.43%	27.29%	26.60%	-17.03%	26.83%	32.04%	33.42%	25.24%	26.49%
Profit (Net Income) Margin	24.83%	23.34%	26.77%	24.28%	25.31%	-22.36%	30.19%	31.05%	30.17%	18.58%	21.19%
Tax Burden Percent	82.90%	81.51%	87.69%	79.45%	89.23%	127.03%	100.62%	84.52%	82.78%	56.13%	65.06%
Interest Burden Percent	113.52%	110.35%	111.30%	112.01%	106.61%	103.36%	111.83%	114.66%	109.06%	131.12%	122.94%
Effective Tax Rate	20.46%	21.54%	22.91%	21.98%	22.73%	0.00%	22.64%	23.24%	21.70%	30.96%	34.77%
Return on Invested Capital (ROIC)	0.00%	0.00%	111.62%	80.88%	98.88%	183.73%	63.69%	31.67%	34.88%	17.53%	20.63%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	106.91%	79.11%	96.41%	207.50%	57.56%	29.58%	33.03%	16.90%	19.94%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-92.54%	-66.17%	-86.65%	-193.90%	-46.59%	-21.06%	-24.97%	-12.83%	-14.94%
Return on Equity (ROE)	22.97%	18.65%	19.08%	14.71%	12.22%	-10.17%	17.10%	10.61%	9.91%	4.70%	5.69%
Cash Return on Invested Capital (CROIC)	0.00%	167.30%	-50.55%	110.12%	115.27%	239.33%	-89.71%	42.79%	43.00%	12.24%	20.64%
Operating Return on Assets (OROA)	16.16%	12.90%	12.94%	12.15%	10.13%	-6.11%	11.55%	8.50%	8.93%	5.33%	6.05%
Return on Assets (ROA)	15.21%	11.60%	12.63%	10.82%	9.64%	-8.02%	12.99%	8.24%	8.06%	3.92%	4.84%
Return on Common Equity (ROCE)	44.95%	17.25%	18.02%	14.14%	11.15%	-9.52%	16.89%	10.49%	9.80%	4.66%	5.63%
Return on Equity Simple (ROE_SIMPLE)	21.49%	17.94%	17.20%	13.77%	12.32%	-10.35%	16.24%	10.33%	9.71%	4.90%	0.00%
Net Operating Profit after Tax (NOPAT)	68	75	92	105	102	135	146	121	121	60	72
NOPAT Margin	20.97%	20.44%	21.05%	21.84%	20.71%	26.50%	21.44%	26.70%	25.91%	16.70%	19.26%
Net Nonoperating Expense Percent (NNEP)	3.28%	2.27%	4.71%	1.77%	2.47%	-23.77%	6.13%	2.09%	1.85%	0.63%	0.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	4.37%	5.07%
Cost of Revenue to Revenue	0.00%	1.88%	50.20%	47.21%	51.65%	46.05%	53.51%	46.98%	44.39%	53.17%	48.99%
SG&A Expenses to Revenue	24.97%	27.65%	25.11%	26.05%	24.16%	19.51%	18.96%	18.68%	22.95%	21.58%	20.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	73.64%	72.07%	22.50%	24.80%	21.54%	16.10%	18.78%	18.23%	22.52%	22.65%	21.48%
Earnings before Interest and Taxes (EBIT)	85	95	120	131	130	-87	182	145	156	91	100
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	104	131	136	140	-72	205	168	178	112	122
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	1.01	1.51	1.15	0.84	1.04	0.59	0.27	0.24	2.82	2.39
Price to Tangible Book Value (P/TBV)	1.65	1.01	1.51	1.15	0.84	1.04	0.59	0.27	0.24	2.82	2.39
Price to Revenue (P/Rev)	1.90	1.31	2.34	2.02	1.71	2.25	1.10	0.80	0.76	10.70	8.95
Price to Earnings (P/E)	7.52	5.22	8.74	8.24	7.03	0.00	3.62	2.58	2.50	58.97	42.11
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.45%	18.15%	11.54%
Earnings Yield	13.30%	19.15%	11.44%	12.13%	14.23%	0.00%	27.60%	38.79%	40.07%	1.70%	2.37%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.27	3.30	2.11	0.00	1.90	0.00	0.00	0.00	8.06	6.58
Enterprise Value to Revenue (EV/Rev)	0.64	0.05	1.13	0.49	0.00	0.20	0.00	0.00	0.00	7.88	6.14
Enterprise Value to EBITDA (EV/EBITDA)	2.29	0.19	3.77	1.73	0.00	0.00	0.00	0.00	0.00	25.24	18.93
Enterprise Value to EBIT (EV/EBIT)	2.43	0.21	4.11	1.79	0.00	0.00	0.00	0.00	0.00	31.22	23.20
Enterprise Value to NOPAT (EV/NOPAT)	3.06	0.26	5.36	2.23	0.00	0.75	0.00	0.00	0.00	47.20	31.90
Enterprise Value to Operating Cash Flow (EV/OCF)	2.02	0.20	5.11	1.57	0.00	0.83	0.00	0.00	0.00	53.33	16.55
Enterprise Value to Free Cash Flow (EV/FCFF)	2.89	0.76	0.00	1.64	0.00	0.57	0.00	0.00	0.00	67.56	31.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.15	0.11	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.20	0.15	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.09	-1.02	-0.87	-0.84	-0.90	-0.93	-0.81	-0.71	-0.76	-0.76	-0.75
Leverage Ratio	1.51	1.61	1.51	1.36	1.27	1.27	1.32	1.29	1.23	1.20	1.18
Compound Leverage Factor	1.71	1.77	1.68	1.52	1.35	1.31	1.47	1.48	1.34	1.57	1.45
Debt to Total Capital	16.98%	12.99%	9.77%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	9.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	16.98%	12.99%	0.00%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.79%	9.11%	1.57%	5.34%	10.94%	1.26%	1.24%	1.00%	1.12%	0.67%	1.56%
Common Equity to Total Capital	160.47%	77.90%	88.66%	92.36%	88.55%	98.74%	98.76%	99.00%	98.88%	99.33%	98.44%
Debt to EBITDA	0.87	0.77	0.57	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-4.64	-4.98	-4.16	-5.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.87	0.77	0.00	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.17	1.06	0.81	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-6.20	-6.90	-5.90	-7.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	2.33	1.06	0.00	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.73	2.86	3.88	4.18	3.78	3.48	2.81	2.32	2.42	11.15	9.65
Noncontrolling Interest Sharing Ratio	3.91%	7.49%	5.54%	3.85%	8.80%	6.38%	1.25%	1.11%	1.06%	0.90%	1.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.37	3.00	2.21	3.21	4.47	3.56	2.42	3.32	3.76	4.53	4.46
Quick Ratio	6.59	2.95	1.93	2.91	4.31	3.45	2.34	3.22	3.57	4.37	4.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	72	26	-42	143	118	176	-205	164	149	42	72
Operating Cash Flow to CapEx	495.37%	676.98%	411.48%	802.81%	1,971.80%	1,542.78%	68.17%	1,009.25%	834.79%	471.36%	728.04%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-11.24	98.14	1,916.76	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	26.04	102.65	2,995.88	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	19.71	89.86	2,843.94	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.50	0.47	0.45	0.38	0.36	0.43	0.27	0.27	0.21	0.23
Accounts Receivable Turnover	6.66	4.99	4.41	4.18	4.18	3.98	3.94	2.72	3.55	2.77	2.70
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.43	11.33	10.72	9.93	10.54	12.66	3.06	1.19	1.32	1.06	1.13
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	54.77	73.08	82.84	87.28	87.40	91.77	92.59	134.42	102.70	132.01	135.26
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	54.77	73.08	82.84	87.28	87.40	91.77	92.59	134.42	102.70	132.01	135.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-33	16	149	111	94	53	404	361	333	351	351
Invested Capital Turnover	-10.28	-41.09	5.30	3.70	4.77	6.93	2.97	1.19	1.35	1.05	1.07
Increase / (Decrease) in Invested Capital	-4.12	49	134	-38	-17	-41	351	-43	-28	18	-0.02
Enterprise Value (EV)	207	20	492	235	-76	101	-111	-637	-764	2,830	2,311
Market Capitalization	614	482	1,023	974	837	1,153	747	365	355	3,841	3,365
Book Value per Share	$13.29	$17.02	$24.07	$29.61	$33.15	$35.88	$40.59	$45.34	$45.46	$4.15	$4.19
Tangible Book Value per Share	$13.29	$17.02	$24.07	$29.61	$33.15	$35.88	$40.59	$45.34	$45.46	$4.15	$4.19
Total Capital	465	613	767	920	1,131	1,119	1,278	1,377	1,469	1,372	1,428
Total Debt	79	80	75	21	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	79	80	0.00	21	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-419	-518	-543	-788	-1,036	-1,066	-874	-1,016	-1,136	-1,021	-1,076
Capital Expenditures (CapEx)	21	15	23	19	9.38	7.94	350	9.09	22	11	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-61	-18	97	52	23	-47	-41	-48	-70	-8.25	-14
Debt-free Net Working Capital (DFNWC)	349	453	414	511	750	742	507	640	736	691	705
Net Working Capital (NWC)	349	453	340	511	750	742	507	640	736	691	705
Net Nonoperating Expense (NNE)	-12	-11	-25	-12	-23	250	-59	-20	-20	-6.76	-7.24
Net Nonoperating Obligations (NNO)	-419	-518	-543	-788	-1,036	-1,066	-874	-1,016	-1,136	-1,021	-1,076
Total Depreciation and Amortization (D&A)	5.24	8.79	11	4.37	9.69	15	23	23	22	21	22
Debt-free, Cash-free Net Working Capital to Revenue	-18.82%	-4.91%	22.26%	10.75%	4.72%	-9.27%	-6.11%	-10.58%	-15.08%	-2.30%	-3.66%
Debt-free Net Working Capital to Revenue	108.26%	123.23%	94.90%	106.13%	153.12%	145.04%	74.74%	141.02%	157.51%	192.48%	187.59%
Net Working Capital to Revenue	216.52%	123.23%	77.75%	106.13%	153.12%	145.04%	74.74%	141.02%	157.51%	192.48%	187.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.95	$22.87	$4.15	$4.02	$3.90	($24.02)	$39.12	$28.58	$2.91	$0.19	$0.23
Adjusted Weighted Average Basic Shares Outstanding	28.09M	28.15M	28.28M	29.29M	30.58M	31.02M	33.59M	34.17M	347.37M	350.85M	348.77M
Adjusted Diluted Earnings per Share	$2.83	$3.18	$3.98	$3.88	$3.86	($24.02)	$38.90	$28.56	$2.91	$0.18	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	30.15M	30.04M	30.23M	30.71M	30.92M	31.02M	33.78M	34.20M	347.42M	352.35M	351.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.07M	28.23M	28.70M	30.21M	30.80M	31.09M	30.08M	31.95M	328.03M	335.15M	335.26M
Normalized Net Operating Profit after Tax (NOPAT)	68	75	92	105	102	135	146	121	121	60	72
Normalized NOPAT Margin	20.97%	20.44%	21.05%	21.84%	20.71%	26.50%	21.44%	26.70%	25.91%	16.70%	19.26%
Pre Tax Income Margin	29.95%	28.64%	30.53%	30.56%	28.36%	-17.61%	30.00%	36.74%	36.45%	33.10%	32.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	32.35	90.06	2,111.45	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	24.83	72.09	1,644.16	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	26.02	77.28	1,959.51	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	18.50	59.30	1,492.22	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.76%	0.00%	0.26%	0.00%	0.81%	-3.81%	0.44%	0.00%	20.09%	209.04%	103.97%
Augmented Payout Ratio	9.23%	2.11%	4.37%	0.00%	0.81%	-41.69%	28.95%	0.00%	20.09%	219.99%	113.36%

No quarterly metrics and ratios for Noah are available.

Financials Breakdown Chart

Noah Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Noah's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Noah's net income were at $79.68 million at the end of 2025, a 19.4% increase from 2024, and a 0.6% decrease since 2015. See Noah's forecast for analyst expectations on what's next for the company.

Noah's total operating income in 2025 was $111.06 million, based on the following breakdown:

Total Gross Profit: $191.83 million
Total Operating Expenses: $80.77 million

Over the last 10 years, Noah's total revenue changed from $322.75 million in 2015 to $376.05 million in 2025, a change of 16.5%.

Noah's total liabilities were at $251.39 million at the end of 2025, a 3.9% increase from 2024, and a 5.6% increase since 2015.

In the past 10 years, Noah's cash and equivalents has ranged from $292.58 million in 2017 to $769.83 million in 2020, and is currently $623.60 million as of their latest financial filing in 2025.

Over the last 10 years, Noah's book value per share changed from 13.29 in 2015 to 4.19 in 2025, a change of -68.5%.

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Financial statements for NYSE:NOAH last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Noah (NOAH) Financials

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Noah (NOAH) Financials

Annual Income Statements for Noah

Quarterly Income Statements for Noah

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Quarterly Cash Flow Statements for Noah

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Quarterly Metrics And Ratios for Noah

Financials Breakdown Chart

Noah Financials - Frequently Asked Questions

When does Noah's fiscal year end?

How has Noah's net income changed over the last 10 years?

What is Noah's operating income?

How has Noah's revenue changed over the last 10 years?

How much debt does Noah have?

How much cash does Noah have?

How has Noah's book value per share changed over the last 10 years?

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