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Operating Margin by Segment
Reveals profitability across different business segments, highlighting which areas are most efficient and where there might be room for improvement or strategic focus.Patent and Trademark Licensing is the company’s margin engine, consistently delivering high, double‑digit margins that have insulated NAII from swings in Private Label contract manufacturing; by contrast, Private Label margins collapsed into a multi‑quarter sink in 2023–24 and only showed modest, uneven recovery through 2025. The late‑2025 drop in licensing margin is a red flag: if royalty rates or contract terms weaken, consolidated profitability will be vulnerable. Investors should watch licensing renewals and management’s ability to stabilize pricing and costs in Private Label for sustained margin recovery.
Date | Private Label Contract Manufacturing | Patent and Trademark Licensing |
|---|---|---|
Mar 31, 2026 | -7.00 | 33.00 |
Dec 31, 2025 | -1.00 | 28.00 |
Sep 30, 2025 | 5.00 | 43.00 |
Jun 30, 2025 | 2.00 | 46.00 |
Mar 31, 2025 | -2.00 | 43.00 |
Dec 31, 2024 | -4.00 | 40.00 |
Sep 30, 2024 | -2.00 | 40.00 |
Jun 30, 2024 | -4.00 | 39.00 |
Mar 31, 2024 | -4.00 | 45.00 |
Dec 31, 2023 | -10.00 | 44.00 |