NTIC · Northern Technologies International Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.00M | $23.31M | $21.51M | $20.84M | $21.34M | $20.69M | $20.84M | $20.18M | $20.97M | $18.27M |
| Cost of Revenue | $14.14M | $14.93M | $13.25M | $12.50M | $13.18M | $12.79M | $12.50M | $12.85M | $13.28M | $11.87M |
| Gross Profit | $7.86M | $8.38M | $8.26M | $8.34M | $8.16M | $7.89M | $8.34M | $7.33M | $7.69M | $6.40M |
| R&D | $1.18M | $1.22M | $1.14M | $1.24M | $1.34M | $1.25M | $1.24M | $1.11M | $1.15M | $994.5K |
| SG&A | $3.61M | $4.15M | $4.15M | $3.24M | $3.86M | $3.50M | $3.24M | $3.52M | $3.15M | $3.08M |
| Total Operating Expenses | $9.50M | $9.74M | $9.67M | $8.61M | $9.47M | $8.98M | $8.61M | $8.31M | $8.02M | $7.50M |
| D&A | $250.6K | $248.2K | $231.3K | $290.4K | $267.2K | $287.0K | $290.4K | $307.0K | $277.3K | $215.7K |
| Operating Income | $382.8K | $933.6K | $867.2K | $2.21M | $1.11M | $1.52M | $2.21M | $1.38M | $2.37M | $1.29M |
| Interest Expense | $196.7K | $200.0K | $162.1K | $77.8K | $120.2K | $59.9K | $77.8K | $111.1K | $136.2K | $115.1K |
| Income Tax | $75.5K | $265.0K | $410.5K | $289.2K | $217.9K | $332.4K | $289.2K | $226.8K | $542.3K | $181.8K |
| Net Income | ($35.3K) | $237.8K | $121.8K | $1.70M | $561.1K | $976.6K | $1.70M | $895.5K | $1.53M | $885.2K |
| EPS - Basic | $0.00 | $0.03 | $0.01 | $0.18 | $0.06 | $0.10 | $0.18 | $0.09 | $0.16 | $0.10 |
| EPS - Diluted | $0.00 | $0.03 | $0.01 | $0.17 | $0.06 | $0.10 | $0.17 | $0.09 | $0.16 | $0.09 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.47M | $6.39M | $7.25M | $5.09M | $5.57M | $4.95M | $4.84M | $6.09M | $5.41M | $5.45M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $16.51M | $16.11M | $15.53M | $14.99M | $14.34M | $14.39M | $12.54M | $12.59M | $13.10M | $15.18M |
| Accounts Payable | $8.27M | $9.67M | $8.04M | $7.26M | $6.56M | $6.39M | $6.49M | $6.35M | $6.06M | $6.31M |
| Current Assets | $45.22M | $44.62M | $44.34M | $39.62M | $40.30M | $41.58M | $37.33M | $38.27M | $39.67M | $40.18M |
| Total Assets | $104.90M | $104.03M | $102.75M | $93.70M | $94.04M | $94.68M | $87.31M | $88.80M | $89.34M | $86.71M |
| Current Liabilities | $25.02M | $25.18M | $23.90M | $18.21M | $18.12M | $17.90M | $13.36M | $15.85M | $16.72M | $16.18M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $73.29M | $72.36M | $72.15M | $69.75M | $70.21M | $71.19M | $68.35M | $67.29M | $66.36M | $65.26M |
| Retained Earnings | $52.29M | $52.42M | $52.27M | $53.44M | $53.67M | $53.77M | $52.28M | $51.24M | $51.00M | $50.79M |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $341.9K | - | - | $2.40M | - | - | $3.08M | - | - |
| Investing Cash Flow | - | ($821.6K) | - | - | ($1.26M) | - | - | ($423.9K) | - | - |
| Financing Cash Flow | - | ($383.8K) | - | - | ($393.3K) | - | - | ($2.02M) | - | - |
| CapEx | - | $821.6K | - | - | $1.22M | - | - | $390.7K | - | - |
| Free Cash Flow | - | ($479.7K) | - | - | $1.18M | - | - | $2.69M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.7% | 36.0% | 38.4% | 40.0% | 38.3% | 38.2% | 40.0% | 36.3% | 36.7% | 35.0% |
| Operating margin | 1.7% | 4.0% | 4.0% | 10.6% | 5.2% | 7.4% | 10.6% | 6.8% | 11.3% | 7.0% |
| EBITDA margin | 2.9% | 5.1% | 5.1% | 12.0% | 6.4% | 8.8% | 12.0% | 8.3% | 12.6% | 8.2% |
| Net margin | -0.2% | 1.0% | 0.6% | 8.2% | 2.6% | 4.7% | 8.2% | 4.4% | 7.3% | 4.8% |
| Free cash flow margin | - | -2.1% | - | - | 5.5% | - | - | 13.3% | - | - |
| FCF / Net income | - | -2.02 | - | - | 2.09 | - | - | 3.00 | - | - |
| R&D / Revenue | 5.3% | 5.2% | 5.3% | 6.0% | 6.3% | 6.0% | 6.0% | 5.5% | 5.5% | 5.4% |
| SG&A / Revenue | 16.4% | 17.8% | 19.3% | 15.5% | 18.1% | 16.9% | 15.5% | 17.4% | 15.0% | 16.9% |
| Effective tax rate | 187.9% | 52.7% | 77.1% | 14.5% | 28.0% | 25.4% | 14.5% | 20.2% | 26.2% | 17.0% |
| Return on assets | -0.0% | 0.2% | 0.1% | 1.8% | 0.6% | 1.0% | 1.9% | 1.0% | 1.7% | 1.0% |
| Return on equity | -0.0% | 0.3% | 0.2% | 2.4% | 0.8% | 1.4% | 2.5% | 1.3% | 2.3% | 1.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.81 | 1.77 | 1.86 | 2.18 | 2.22 | 2.32 | 2.79 | 2.41 | 2.37 | 2.48 |
| Quick ratio | 1.15 | 1.13 | 1.21 | 1.35 | 1.43 | 1.52 | 1.86 | 1.62 | 1.59 | 1.55 |
| Cash ratio | 0.26 | 0.25 | 0.30 | 0.28 | 0.31 | 0.28 | 0.36 | 0.38 | 0.32 | 0.34 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 1.9x | 4.7x | 5.3x | 28.4x | 9.2x | 25.4x | 28.4x | 12.4x | 17.4x | 11.2x |
| Equity multiplier | 1.43 | 1.44 | 1.42 | 1.34 | 1.34 | 1.33 | 1.28 | 1.32 | 1.35 | 1.33 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | 0.22 | 0.21 | 0.22 | 0.23 | 0.22 | 0.24 | 0.23 | 0.23 | 0.21 |
| Inventory turnover | 0.86 | 0.93 | 0.85 | 0.83 | 0.92 | 0.89 | 1.00 | 1.02 | 1.01 | 0.78 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 426d | 394d | 428d | 437d | 397d | 411d | 366d | 358d | 360d | 467d |
| Days payable outstanding | 213d | 236d | 222d | 212d | 182d | 182d | 189d | 181d | 166d | 194d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 248.0x | 740.0x | 66.8x | 232.0x | 131.4x | 74.4x | 120.6x | 80.6x | 144.4x |
| P / B | 1.2x | 1.0x | 1.0x | 1.6x | 1.9x | 1.8x | 1.8x | 1.6x | 1.9x | 1.9x |
| P / S | 3.8x | 3.0x | 3.3x | 5.3x | 6.4x | 6.4x | 5.9x | 5.2x | 5.9x | 6.9x |
| EV / EBITDA | 123.1x | 54.4x | 57.7x | 42.2x | 94.8x | 69.9x | 47.3x | 58.9x | 44.8x | 80.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.5% | 9.2% | 4.0% | 0.0% | 5.7% | -1.4% | 14.1% | 1.1% | 10.6% | 9.1% |
| Revenue CAGR (3y) | 6.4% | 5.3% | 4.3% | 7.6% | 5.5% | 10.3% | 17.7% | 16.5% | 29.1% | 11.4% |
| Revenue CAGR (5y) | 11.5% | 12.8% | 17.2% | 9.5% | 7.8% | 6.8% | 9.4% | 7.4% | 15.5% | 8.4% |
| Gross profit growth (YoY) | -5.8% | 2.7% | 4.6% | 0.0% | 11.3% | 2.7% | 30.2% | 15.4% | 23.2% | 28.5% |
| Operating income growth (YoY) | -82.7% | -15.6% | -43.1% | 0.0% | -19.6% | -35.8% | 71.4% | 65.9% | 30.2% | 189.1% |
| Net income growth (YoY) | - | -57.6% | -87.5% | 0.0% | -37.3% | -36.0% | 92.2% | 78.3% | 52.5% | 384.1% |
| EPS growth (YoY) | - | -50.0% | -90.0% | 0.0% | -33.3% | -37.5% | 88.9% | 80.0% | 45.5% | 350.0% |
| EPS CAGR (3y) | - | -15.7% | -55.0% | 104.1% | -49.3% | -21.9% | 9.4% | -11.5% | - | 65.1% |
| EPS CAGR (5y) | - | -25.4% | - | 53.4% | -14.3% | -9.0% | -10.7% | -22.4% | -19.0% | -20.9% |
| FCF growth (YoY) | - | - | - | - | -56.2% | - | - | -10.6% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.1% | 3.1% | 1.3% | 2.0% | 4.3% | 7.3% | 4.7% | 4.9% | 4.3% | -1.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-08-31.
Business segments
$84.23M totalZERUST$62.49M · 74.2%
Natur Tec$21.75M · 25.8%
Geographic
$168.47M totalUnaffiliated Customers Outside The USA$52.32M · 31.1%
US$29.55M · 17.5%
Inside The USATo Unaffiliated Customers$29.55M · 17.5%
IN$22.62M · 13.4%
CN$16.24M · 9.6%
Other Countries$9.26M · 5.5%
BR$6.57M · 3.9%
Joint Ventures In Which The Company Is AShareholder Directly And Indirectly Outside The USA$2.37M · 1.4%
Peer comparison
Same SIC group: Coating, Engraving & Allied Services
Comparing NORTHERN TECHNOLOGIES INTERNATIONAL CORP against the 3 most active filers in the same SIC group.
Dividends
$0.03/share trailing 12 months · -86.4% YoY
| Ex-date | Per share |
|---|---|
| Jan 28, 2026 | $0.0100 |
| Oct 29, 2025 | $0.0100 |
| Jul 30, 2025 | $0.0100 |
| Apr 30, 2025 | $0.0100 |
| Jan 29, 2025 | $0.0700 |
| Oct 30, 2024 | $0.0700 |
| Jul 31, 2024 | $0.0700 |
| Apr 30, 2024 | $0.0700 |
| Jan 30, 2024 | $0.0700 |
| Oct 31, 2023 | $0.0700 |
| Aug 1, 2023 | $0.0700 |
| May 2, 2023 | $0.0700 |
| Jan 31, 2023 | $0.0700 |
| Nov 2, 2022 | $0.0700 |
| Aug 2, 2022 | $0.0700 |
| May 3, 2022 | $0.0700 |
| Feb 1, 2022 | $0.0700 |
| Nov 2, 2021 | $0.0700 |
| Aug 3, 2021 | $0.0650 |
| May 4, 2021 | $0.0650 |
| Feb 2, 2021 | $0.0650 |
| Feb 4, 2020 | $0.0650 |
| Nov 5, 2019 | $0.0650 |
| Aug 6, 2019 | $0.0600 |