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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $84.23M | $85.06M | $79.90M | $74.16M | $56.49M | $47.64M |
| Cost of Revenue | $52.56M | $51.27M | $52.10M | $51.09M | $36.92M | $31.61M |
| Gross Profit | $31.68M | $33.79M | $27.80M | $23.07M | $19.57M | $16.03M |
| R&D | $5.04M | $4.80M | $4.97M | $4.78M | $4.40M | $3.98M |
| SG&A | $14.79M | $14.18M | $13.17M | $10.60M | $8.26M | $8.69M |
| Total Operating Expenses | $37.65M | $35.39M | $33.43M | $28.41M | $24.68M | $23.32M |
| D&A | $980.0K | $1.16M | $1.04M | $938.5K | $905.3K | $836.6K |
| Operating Income | $2.57M | $7.87M | $6.02M | $5.15M | $8.32M | $1.59M |
| Interest Expense | $340.1K | $340.1K | $461.8K | $89.1K | $16.1K | $16.0K |
| Income Tax | $2.05M | $1.33M | $1.35M | $1.87M | $1.46M | $2.67M |
| Net Income | $17.6K | $5.41M | $2.91M | $6.32M | $6.28M | ($1.34M) |
| EPS - Basic | $0.00 | $0.57 | $0.31 | $0.69 | $0.69 | ($0.15) |
| EPS - Diluted | $0.00 | $0.55 | $0.30 | $0.66 | $0.64 | ($0.15) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.25M | $4.95M | $5.41M | $5.33M | $7.68M | $6.40M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $15.53M | $14.39M | $13.10M | $16.34M | $11.11M | $10.96M |
| Accounts Payable | $8.04M | $6.39M | $6.06M | $7.80M | $4.29M | $3.21M |
| Current Assets | $44.34M | $41.58M | $39.67M | $40.23M | $33.75M | $33.20M |
| Total Assets | $102.75M | $94.68M | $89.34M | $86.19M | $74.37M | $66.07M |
| Current Liabilities | $23.90M | $17.90M | $16.72M | $17.07M | $8.52M | $6.10M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $72.15M | $71.19M | $66.36M | $63.60M | $62.37M | $56.66M |
| Retained Earnings | $52.27M | $53.77M | $51.00M | $50.72M | $46.97M | $42.47M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.44M | $5.88M | $5.54M | $1.15M | $2.89M | $4.91M |
| Investing Cash Flow | ($3.93M) | ($3.42M) | ($3.34M) | ($7.11M) | ($103.3K) | ($2.78M) |
| Financing Cash Flow | $3.86M | ($2.96M) | ($2.05M) | $3.19M | ($1.52M) | ($1.52M) |
| CapEx | $1.53M | $3.30M | $3.25M | $1.50M | $5.53M | $711.4K |
| Free Cash Flow | $916.5K | $2.59M | $2.29M | ($350.6K) | ($2.64M) | $4.20M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.6% | 39.7% | 34.8% | 31.1% | 34.6% | 33.6% |
| Operating margin | 3.1% | 9.3% | 7.5% | 6.9% | 14.7% | 3.3% |
| EBITDA margin | 4.2% | 10.6% | 8.8% | 8.2% | 16.3% | 5.1% |
| Net margin | 0.0% | 6.4% | 3.6% | 8.5% | 11.1% | -2.8% |
| Free cash flow margin | 1.1% | 3.0% | 2.9% | -0.5% | -4.7% | 8.8% |
| FCF / Net income | 52.02 | 0.48 | 0.79 | -0.06 | -0.42 | -3.14 |
| R&D / Revenue | 6.0% | 5.6% | 6.2% | 6.4% | 7.8% | 8.4% |
| SG&A / Revenue | 17.6% | 16.7% | 16.5% | 14.3% | 14.6% | 18.2% |
| Effective tax rate | 99.1% | 19.7% | 31.7% | 22.9% | 18.9% | 200.1% |
| Return on assets | 0.0% | 5.7% | 3.3% | 7.3% | 8.4% | -2.0% |
| Return on equity | 0.0% | 7.6% | 4.4% | 9.9% | 10.1% | -2.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.86 | 2.32 | 2.37 | 2.36 | 3.96 | 5.45 |
| Quick ratio | 1.21 | 1.52 | 1.59 | 1.40 | 2.66 | 3.65 |
| Cash ratio | 0.30 | 0.28 | 0.32 | 0.31 | 0.90 | 1.05 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 7.6x | 23.1x | 13.0x | 57.8x | 517.4x | 99.1x |
| Equity multiplier | 1.42 | 1.33 | 1.35 | 1.36 | 1.19 | 1.17 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.82 | 0.90 | 0.89 | 0.86 | 0.76 | 0.72 |
| Inventory turnover | 3.39 | 3.56 | 3.98 | 3.13 | 3.32 | 2.88 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 108d | 102d | 92d | 117d | 110d | 127d |
| Days payable outstanding | 56d | 46d | 42d | 56d | 42d | 37d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 23.9x | 43.0x | 17.8x | 26.0x | - |
| P / B | 1.0x | 1.8x | 1.9x | 1.8x | 2.6x | 1.3x |
| P / S | 0.8x | 1.5x | 1.6x | 1.5x | 2.9x | 1.6x |
| EV / EBITDA | 18.1x | 13.8x | 16.9x | 17.8x | 17.0x | 28.5x |
| Growth | ||||||
| Revenue growth (YoY) | -1.0% | 6.5% | 7.7% | 31.3% | 18.6% | -14.5% |
| Revenue CAGR (3y) | 4.3% | 14.6% | 18.8% | 10.0% | 12.6% | 6.4% |
| Revenue CAGR (5y) | 12.1% | 8.8% | 15.1% | 13.4% | 11.4% | 9.5% |
| Gross profit growth (YoY) | -6.2% | 21.5% | 20.5% | 17.9% | 22.1% | -9.8% |
| Operating income growth (YoY) | -67.3% | 30.7% | 16.9% | -38.1% | 424.1% | -75.9% |
| Net income growth (YoY) | -99.7% | 85.7% | -54.0% | 0.7% | - | - |
| EPS growth (YoY) | - | 83.3% | -54.5% | 3.1% | - | - |
| EPS CAGR (3y) | - | -4.9% | - | 6.3% | -23.5% | - |
| EPS CAGR (5y) | - | 0.0% | -26.8% | -2.5% | - | - |
| FCF growth (YoY) | -64.5% | 12.7% | - | 86.7% | - | -7.0% |
| FCF CAGR (5y) | -26.2% | -10.6% | - | - | - | - |
| Book value growth (YoY) | 1.3% | 7.3% | 4.3% | 2.0% | 10.1% | 0.1% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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 |