NASDAQ : NTIC
Northern Technologies International Corporation — Financial statements
Materials · Specialty Chemicals · United States
Last price 7.49 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 71.13M
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Financial statements
Northern Technologies International Corporation (NTIC) reported revenue of 91.84M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 91.84M | 84.23M | 85.06M | 79.90M | 74.16M | 56.49M |
| Cost of Revenue | 58.99M | 52.56M | 51.27M | 52.10M | 51.09M | 36.92M |
| Gross Profit | 32.84M | 31.68M | 33.79M | 27.80M | 23.07M | 19.57M |
| Selling, General & Admin | 34.25M | 32.61M | 30.59M | 28.46M | 23.64M | 20.28M |
| Research & Development | 4.87M | 5.04M | 4.80M | 4.97M | 4.78M | 4.40M |
| Other Operating Expenses | -4.38M | -5.01M | -5.25M | -5.19M | -5.77M | -5.96M |
| Operating Expenses | 34.74M | 32.65M | 30.14M | 28.24M | 22.65M | 18.72M |
| Operating Income | -1.90M | -968.76K | 3.65M | -432.07K | 422.16K | 857.64K |
| Interest Expense | -778.95K | -599.93K | -340.13K | -461.81K | -89.10K | -16.09K |
| Interest & Investment Income | 201.41K | 308.05K | 118.83K | 28.49K | 49.24K | 151.88K |
| Earnings From Equity Investments | 4.66M | 3.54M | 4.22M | 6.45M | 4.73M | 7.47M |
| Other Non Operating Income (Expenses) | 752.97K | 752.97K | ||||
| EBT Excluding Unusual Items | 2.94M | 3.03M | 7.65M | 5.59M | 5.11M | 8.46M |
| Gain (Loss) on Sale of Investments | 3.95M | |||||
| Pretax Income | 1.80M | 3.03M | 7.65M | 5.59M | 9.06M | 8.46M |
| Income Tax Expense | 1.87M | 2.05M | 1.33M | 1.35M | 1.87M | 1.46M |
| Earnings From Continuing Operations | -78.01K | 986.39K | 6.32M | 4.24M | 7.19M | 7.00M |
| Minority Interest in Earnings | -1.08M | -968.77K | -912.30K | -1.33M | -861.23K | -715.50K |
| Net Income | -1.16M | 17.62K | 5.41M | 2.91M | 6.32M | 6.28M |
| Net Income to Common | -1.16M | 17.62K | 5.41M | 2.91M | 6.32M | 6.28M |
| Shares Outstanding (Basic) | 9.49M | 9.48M | 9.43M | 9.36M | 9.22M | 9.12M |
| Shares Outstanding (Diluted) | 9.49M | 9.64M | 9.83M | 9.69M | 9.64M | 9.87M |
| EPS (Basic) | -0.12 | 0.00 | 0.57 | 0.31 | 0.69 | 0.69 |
| EPS (Diluted) | -0.13 | 0.00 | 0.55 | 0.30 | 0.66 | 0.64 |
| Free Cash Flow | -3.21M | 916.52K | 3.97M | 2.29M | -350.60K | -2.64M |
| Free Cash Flow Per Share | -0.34 | 0.10 | 0.40 | 0.24 | -0.04 | -0.27 |
| Dividend Per Share | 0.03 | 0.16 | 0.28 | 0.28 | 0.28 | 0.20 |
| Gross Margin | 35.76% | 37.60% | 39.72% | 34.80% | 31.11% | 34.65% |
| Operating Margin | -2.07% | -1.15% | 4.29% | -0.54% | 0.57% | 1.52% |
| Profit Margin | -1.26% | 0.02% | 6.36% | 3.65% | 8.53% | 11.12% |
| Free Cash Flow Margin | -3.50% | 1.09% | 4.66% | 2.87% | -0.47% | -4.67% |
| EBITDA | 71.28K | 788.51K | 5.40M | 1.20M | 1.99M | 1.97M |
| EBITDA Margin | 0.08% | 0.94% | 6.35% | 1.50% | 2.68% | 3.48% |
| D&A For EBITDA | 1.97M | 1.76M | 1.75M | 1.63M | 1.57M | 1.11M |
| EBIT | -1.90M | -968.76K | 3.65M | -432.07K | 422.16K | 857.64K |
| EBIT Margin | -2.07% | -1.15% | 4.29% | -0.54% | 0.57% | 1.52% |
| Effective Tax Rate | 104.34% | 67.46% | 17.34% | 24.15% | 20.68% | 17.28% |
| Revenue as Reported | 56.49M |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.28M | 7.25M | 4.95M | 5.41M | 5.33M | 7.68M |
| Short-Term Investments | 5.59K | 4.63K | ||||
| Cash & Short-Term Investments | 7.28M | 7.25M | 4.95M | 5.41M | 5.34M | 7.69M |
| Accounts Receivable | 19.78M | 19.52M | 20.42M | 19.12M | 16.60M | 13.26M |
| Other Receivables | 999.13K | 340.00K | 392.29K | 325.23K | 386.57K | |
| Receivables | 20.78M | 19.86M | 20.81M | 19.44M | 16.60M | 13.65M |
| Inventory | 15.84M | 15.53M | 14.39M | 13.10M | 16.34M | 11.11M |
| Prepaid Expenses | 3.01M | 1.71M | 1.42M | 1.73M | 1.95M | 1.30M |
| Total Current Assets | 47.77M | 44.34M | 41.58M | 39.67M | 40.23M | 33.75M |
| Property, Plant & Equipment | 15.45M | 15.68M | 16.69M | 14.49M | 12.73M | 12.20M |
| Long-Term Investments | 30.36M | 28.61M | 25.40M | 23.71M | 21.81M | 27.62M |
| Goodwill | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | |
| Other Intangible Assets | 8.31M | 8.83M | 5.68M | 6.16M | 6.63M | 709.57K |
| Long-Term Deferred Tax Assets | 448.02K | 503.57K | 544.46K | 530.94K | 92.55K | |
| Total Assets | 107.13M | 102.75M | 94.68M | 89.34M | 86.19M | 74.37M |
| Accounts Payable | 9.35M | 8.04M | 6.39M | 6.06M | 7.80M | 4.29M |
| Accrued Expenses | 2.78M | 2.91M | 3.74M | 3.47M | 2.96M | 3.77M |
| Short-Term Debt | 11.76M | 9.33M | 4.29M | 6.36M | 5.90M | |
| Current Portion of Long-Term Debt | 3.01M | 2.86M | 2.82M | |||
| Current Portion of Leases | 427.64K | 344.74K | 325.12K | 340.80K | 373.33K | 272.34K |
| Current Income Taxes Payable | 447.18K | 414.30K | 327.78K | 501.38K | 30.74K | 178.92K |
| Total Current Liabilities | 27.78M | 23.90M | 17.90M | 16.72M | 17.07M | 8.52M |
| Long-Term Debt | 389.24K | 466.98K | ||||
| Long-Term Leases | 158.12K | 148.31K | 99.44K | 88.08K | 184.24K | 104.10K |
| Long-Term Deferred Tax Liabilities | 1.51M | 1.51M | 1.50M | 1.84M | 1.70M | |
| Total Liabilities | 29.84M | 26.03M | 19.50M | 18.65M | 18.95M | 8.62M |
| Common Stock | 189.93K | 189.51K | 189.34K | 188.48K | 184.65K | 183.70K |
| Additional Paid-In Capital | 26.05M | 25.06M | 23.62M | 21.99M | 19.94M | 18.74M |
| Retained Earnings | 52.02M | 52.27M | 53.77M | 51.00M | 50.72M | 46.97M |
| Comprehensive Income & Other | -5.43M | -5.37M | -6.38M | -6.82M | -7.25M | -3.53M |
| Total Common Equity | 72.82M | 72.15M | 71.19M | 66.36M | 63.60M | 62.37M |
| Minority Interest | 4.46M | 4.56M | 3.98M | 4.34M | 3.65M | 3.38M |
| Shareholders' Equity | 77.28M | 76.71M | 75.18M | 70.70M | 67.24M | 65.75M |
| Total Liabilities & Equity | 107.13M | 102.75M | 94.68M | 89.34M | 86.19M | 74.37M |
| Total Debt | 15.75M | 13.15M | 7.54M | 6.79M | 6.46M | 376.44K |
| Net Cash (Debt) | -8.48M | -5.90M | -2.58M | -1.38M | -1.12M | 7.31M |
| Net Cash Per Share | -0.89 | -0.61 | -0.26 | -0.14 | -0.12 | 0.74 |
| Filing Date Shares Outstanding | 9.50M | 9.48M | 9.47M | 9.43M | 9.37M | 9.19M |
| Total Common Shares Outstanding | 9.50M | 9.48M | 9.47M | 9.42M | 9.23M | 9.18M |
| Working Capital | 19.99M | 20.44M | 23.68M | 22.95M | 23.17M | 25.23M |
| Book Value Per Share | 7.67 | 7.61 | 7.52 | 7.04 | 6.89 | 6.79 |
| Tangible Book Value | 59.73M | 58.54M | 60.73M | 55.41M | 52.18M | 61.66M |
| Tangible Book Value Per Share | 6.29 | 6.18 | 6.41 | 5.88 | 5.65 | 6.71 |
| Land | 1.86M | 1.26M | 1.24M | 496.96K | 310.37K | 310.37K |
| Buildings | 13.36M | 14.65M | 14.76M | 16.43M | 14.78M | 13.15M |
| Machinery | 9.81M | 9.15M | 7.28M | 5.98M | 5.64M | 5.45M |
| Construction In Progress | 492.17K | 817.95K | 3.09M | 816.57K | ||
| Order Backlog | 4.18M | 5.84M | 5.34M | 5.86M | 4.19M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.16M | 17.62K | 5.41M | 2.91M | 6.32M | 6.28M |
| Depreciation & Amortization | 1.97M | 1.76M | 1.75M | 1.63M | 1.57M | 1.11M |
| Loss (Gain) From Sale of Assets | 54.38K | 77.98K | -8.53K | |||
| Loss (Gain) From Sale of Investments | -3.95M | |||||
| Loss (Gain) on Equity Investments | -4.66M | -3.54M | -4.22M | -6.45M | -4.73M | -7.47M |
| Stock-Based Compensation | 1.27M | 1.36M | 1.38M | 1.34M | 931.53K | 664.17K |
| Provision & Write-off of Bad Debts | -22.73K | -75.00K | -233.54K | 94.00K | 57.00K | 262.00K |
| Other Operating Activities | 2.90M | 2.59M | 3.57M | 6.57M | 6.50M | 4.50M |
| Change in Accounts Receivable | -2.04M | 1.10M | -968.46K | -2.96M | -2.42M | -3.76M |
| Change in Inventory | -972.12K | -1.28M | -1.33M | 3.03M | -4.82M | 58.31K |
| Change in Accounts Payable | 1.88M | 1.47M | 449.01K | -1.51M | 3.01M | 866.60K |
| Change in Income Taxes | -84.35K | 109.29K | -463.45K | -829.64K | -209.07K | -522.67K |
| Change in Other Net Operating Assets | -1.25M | -1.15M | 540.35K | 1.73M | -1.12M | 902.03K |
| Operating Cash Flow | -2.12M | 2.44M | 5.88M | 5.54M | 1.15M | 2.89M |
| Capital Expenditures | -1.09M | -1.53M | -1.92M | -3.25M | -1.50M | -5.53M |
| Sale of Property, Plant & Equipment | 20.00K | 13.00K | ||||
| Cash Acquisitions | -5.06M | |||||
| Sale (Purchase) of Intangibles | -703.25K | -2.42M | -1.50M | -114.06K | -207.15K | -110.65K |
| Investment in Securities | 5.59K | -342.35K | 5.54M | |||
| Investing Cash Flow | -1.79M | -3.93M | -3.42M | -3.34M | -7.11M | -103.32K |
| Short-Term Debt Issued | 31.99M | 37.67M | 2.81M | 5.90M | ||
| Long-Term Debt Issued | 538.09K | |||||
| Total Debt Issued | 29.39M | 32.53M | 37.67M | 2.81M | 5.90M | |
| Short-Term Debt Repaid | -26.95M | -36.98M | -2.30M | |||
| Total Debt Repaid | -24.49M | -26.95M | -36.98M | -2.30M | ||
| Net Debt Issued (Repaid) | 4.89M | 5.58M | 691.61K | 512.50K | 5.90M | |
| Issuance of Common Stock | 65.25K | 81.50K | 248.49K | 713.73K | 272.29K | 658.75K |
| Common Dividends Paid | -284.47K | -1.52M | -2.64M | -2.62M | -2.58M | -1.78M |
| Other Financing Activities | -320.00K | -280.00K | -1.26M | -655.57K | -402.73K | -400.00K |
| Financing Cash Flow | 4.35M | 3.86M | -2.96M | -2.05M | 3.19M | -1.52M |
| Foreign Exchange Rate Adjustments | 65.20K | -75.93K | 38.33K | -72.01K | 426.97K | 10.19K |
| Net Cash Flow | 502.58K | 2.30M | -453.99K | 72.28K | -2.35M | 1.28M |
| Free Cash Flow | -3.21M | 916.52K | 3.97M | 2.29M | -350.60K | -2.64M |
| Free Cash Flow Margin | -3.50% | 1.09% | 4.66% | 2.87% | -0.47% | -4.67% |
| Free Cash Flow Per Share | -0.34 | 0.10 | 0.40 | 0.24 | -0.04 | -0.27 |
| Levered Free Cash Flow | -3.03M | -1.37M | -144.00K | -1.09M | -5.28M | -5.62M |
| Unlevered Free Cash Flow | -2.54M | -993.00K | 68.58K | -801.72K | -5.23M | -5.61M |
| Cash Interest Paid | 778.95K | 599.93K | 340.13K | 461.81K | 89.10K | 16.09K |
| Cash Income Tax Paid | 1.50M | 1.61M | 1.19M | 1.06M | 1.22M | 895.65K |
| Change in Working Capital | -2.47M | 257.35K | -1.78M | -542.15K | -5.56M | -2.45M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 71.51M | 70.11M | 124.06M | 120.87M | 108.74M | 151.86M |
| Enterprise Value | 79.98M | 78.07M | 127.04M | 126.52M | 111.18M | 144.84M |
| Last Close Price | 7.53 | 7.38 | 12.93 | 12.44 | 11.10 | 15.36 |
| PE Ratio | 3,979.24 | 22.93 | 41.50 | 17.19 | 24.18 | |
| Forward PE | 25.97 | 35.24 | 16.85 | 14.49 | 14.19 | 18.32 |
| PS Ratio | 0.78 | 0.83 | 1.46 | 1.51 | 1.47 | 2.69 |
| PB Ratio | 0.98 | 0.91 | 1.65 | 1.71 | 1.62 | 2.31 |
| P/TBV Ratio | 1.20 | 1.20 | 2.04 | 2.18 | 2.08 | 2.46 |
| P/FCF Ratio | 76.50 | 31.29 | 52.70 | |||
| P/OCF Ratio | 28.70 | 21.09 | 21.81 | 94.88 | 52.49 | |
| PEG Ratio | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | |
| EV/Sales Ratio | 0.87 | 0.93 | 1.49 | 1.58 | 1.50 | 2.56 |
| EV/EBITDA Ratio | 1,122.04 | 99.01 | 23.53 | 105.53 | 55.86 | 73.67 |
| EV/EBIT Ratio | 34.85 | 263.37 | 168.88 | |||
| EV/FCF Ratio | 85.18 | 32.04 | 55.16 | |||
| Debt / Equity Ratio | 0.20 | 0.17 | 0.10 | 0.10 | 0.10 | 0.01 |
| Debt / EBITDA Ratio | 37.60 | 11.60 | 1.31 | 4.32 | 2.85 | 0.16 |
| Debt / FCF Ratio | 14.35 | 1.90 | 2.96 | |||
| Net Debt / Equity Ratio | 0.11 | 0.08 | 0.03 | 0.02 | 0.02 | -0.11 |
| Net Debt / EBITDA Ratio | 118.91 | 7.48 | 0.48 | 1.15 | 0.56 | -3.72 |
| Net Debt / FCF Ratio | -2.64 | 6.44 | 0.65 | 0.60 | -3.19 | 2.77 |
| Asset Turnover | 0.89 | 0.85 | 0.92 | 0.91 | 0.92 | 0.80 |
| Inventory Turnover | 3.84 | 3.51 | 3.73 | 3.54 | 3.72 | 3.35 |
| Quick Ratio | 1.01 | 1.13 | 1.44 | 1.49 | 1.29 | 2.50 |
| Current Ratio | 1.72 | 1.85 | 2.32 | 2.37 | 2.36 | 3.96 |
| Return on Equity (ROE) | -0.10% | 1.30% | 8.67% | 6.14% | 10.81% | 11.15% |
| Return on Assets (ROA) | -1.15% | -0.61% | 2.48% | -0.31% | 0.33% | 0.76% |
| Return on Invested Capital (ROIC) | 0.10% | -0.39% | 4.02% | -0.47% | 0.53% | 1.33% |
| Return on Capital Employed (ROCE) | -2.40% | -1.20% | 4.70% | -0.60% | 0.60% | 1.30% |
| Earnings Yield | -1.74% | 0.03% | 4.36% | 2.41% | 5.82% | 4.14% |
| FCF Yield | -4.49% | 1.31% | 3.20% | 1.90% | -0.32% | -1.74% |
| Dividend Yield | 0.13% | 2.16% | 2.14% | 2.18% | 2.38% | 1.18% |
| Payout Ratio | 8,600.72% | 48.85% | 90.12% | 40.81% | 28.35% | |
| Buyback Yield / Dilution | 2.54% | 1.97% | -1.44% | -0.61% | 2.42% | -8.54% |
| Total Shareholder Return | 2.67% | 4.13% | 0.69% | 1.58% | 4.80% | -7.36% |