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NTIC logoNorthern Technologies International Corporation(NTIC)Earnings, Financials & Key Ratios

NTIC•NASDAQ
$8.00
$76M mkt cap·4444.4× P/E·Price updated May 6, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustrySpecialty polymers and engineered plastics
AboutNorthern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. The company also provides a portfolio of bio-based and certified compostable polymer resin compounds and finished products under the Natur-Tec brand. In addition, it offers on-site and technical consulting for rust and corrosion prevention issues. The company sells its products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets through direct sales force, network of independent distributors and agents, manufacturer's sales representatives, strategic partners, and joint venture. Northern Technologies International Corporation was founded in 1970 and is headquartered in Circle Pines, Minnesota.Show more
  • Revenue$84M-1.0%
  • EBITDA-$4M-2979.5%
  • Net Income$18K-99.7%
  • EPS (Diluted)0.00-99.7%
  • Gross Margin37.61%-5.3%
  • EBITDA Margin-5.01%-3007.7%
  • Operating Margin-7.09%-275.5%
  • Net Margin0.02%-99.7%
  • ROE0.02%-99.7%
  • ROIC-5.59%-247.5%
  • Debt/Equity0.17+71.0%
  • Interest Coverage-9.96-110.8%
Technical→

NTIC Key Insights

Northern Technologies International Corporation (NTIC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 12.1%
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.9%
  • ✗Negative free cash flow
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NTIC Price & Volume

Northern Technologies International Corporation (NTIC) stock price & volume — 10-year historical chart

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NTIC Growth Metrics

Northern Technologies International Corporation (NTIC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.76%
5 Years12.07%
3 Years4.34%
TTM-0.01%

Profit CAGR

10 Years-37%
5 Years-
3 Years-85.93%
TTM-106.02%

EPS CAGR

10 Years-37.24%
5 Years-
3 Years-86.03%
TTM-106.23%

Return on Capital

10 Years-9.17%
5 Years-6.73%
3 Years-5.92%
Last Year-7.68%

NTIC Peer Comparison

Northern Technologies International Corporation (NTIC) competitors in Specialty polymers and engineered plastics — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KLIC logoKLICKulicke and Soffa Industries, Inc.Direct Competitor4.91B93.789999-7.38%7.16%6.59%0.05
ASIX logoASIXAdvanSix Inc.Direct Competitor834.75M25.1613.980.31%3.24%6.05%0.47
IOSP logoIOSPInnospec Inc.Direct Competitor1.92B77.6716.63-3.65%6.56%8.23%0.06
HWKN logoHWKNHawkins, Inc.Direct Competitor3.47B167.1141.476.01%7.75%15.88%0.35
BCPC logoBCPCBalchem CorporationDirect Competitor5.17B161.3833.978.75%14.95%12.38%0.15
KRMD logoKRMDKORU Medical Systems, Inc.Direct Competitor186.52M4.01-70.2322.23%-5.27%-13.61%0.21
ECL logoECLEcolab Inc.Product Competitor74.4B263.4236.182.16%12.91%21.96%0.96
IFF logoIFFInternational Flavors & Fragrances Inc.Product Competitor21.18B82.93-56.80-5.17%7.78%5.88%0.47

Compare NTIC vs Peers

Northern Technologies International Corporation (NTIC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KLIC

Most directly comparable listed peer for NTIC.

Scale Benchmark

vs ECL

Larger-name benchmark to compare NTIC against a more recognizable public peer.

Peer Set

Compare Top 5

vs KLIC, ASIX, IOSP, HWKN

NTIC Income Statement

Northern Technologies International Corporation (NTIC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemAug'17Aug'18Aug'19Aug'20Aug'21Aug'22Aug'23Aug'24Aug'25TTM
Sales/Revenue39.57M51.42M55.75M47.64M56.49M74.16M79.9M85.06M84.23M86.2M
Revenue Growth %20.15%29.96%8.41%-14.55%18.59%31.27%7.75%6.45%-0.97%-0.01%
Cost of Goods Sold26.32M34.17M37.97M31.61M36.92M51.09M52.1M51.27M52.56M54.31M
COGS % of Revenue66.51%66.44%68.11%66.35%65.35%68.89%65.2%60.28%62.39%-
Gross Profit
13.25M▲ 0%
17.26M▲ 30.2%
17.78M▲ 3.0%
16.03M▼ 9.8%
19.57M▲ 22.1%
23.07M▲ 17.9%
27.8M▲ 20.5%
33.79M▲ 21.5%
31.68M▼ 6.2%
31.9M▲ 0%
Gross Margin %33.49%33.56%31.89%33.65%34.65%31.11%34.8%39.72%37.61%37%
Gross Profit Growth %24.87%30.23%3.02%-9.85%22.11%17.86%20.53%21.52%-6.24%-
Operating Expenses20M22.91M24.14M23.15M24.68M28.3M33.43M35.39M37.65M35.63M
OpEx % of Revenue50.55%44.55%43.3%48.6%43.69%38.16%41.83%41.61%44.7%-
Selling, General & Admin17.09M19.39M20.32M19.17M20.28M23.52M28.46M30.59M32.61M33.01M
SG&A % of Revenue43.19%37.7%36.45%40.24%35.9%31.72%35.61%35.96%38.72%-
Research & Development2.91M3.52M3.82M3.98M4.4M4.78M4.97M4.8M5.04M4.92M
R&D % of Revenue7.36%6.85%6.86%8.35%7.79%6.44%6.22%5.65%5.98%-
Other Operating Expenses000000000-1000K
Operating Income
-6.75M▲ 0%
-5.65M▲ 16.3%
-6.36M▼ 12.5%
-7.12M▼ 12.0%
-5.11M▲ 28.3%
-5.23M▼ 2.4%
-5.62M▼ 7.5%
-1.61M▲ 71.4%
-5.97M▼ 271.9%
-3.73M▲ 0%
Operating Margin %-17.06%-10.99%-11.41%-14.95%-9.04%-7.05%-7.04%-1.89%-7.09%-4.33%
Operating Income Growth %-30.1%16.27%-12.53%-11.96%28.29%-2.43%-7.47%71.42%-271.9%-
EBITDA-5.84M-4.55M-5.26M-6.05M-4M-3.66M-3.99M146.47K-4.22M-1.91M
EBITDA Margin %-14.77%-8.84%-9.43%-12.71%-7.08%-4.94%-4.99%0.17%-5.01%-2.22%
EBITDA Growth %-32.53%22.21%-15.64%-15.13%33.95%8.4%-8.96%103.67%-2979.54%-747.01%
D&A (Non-Cash Add-back)906.14K1.11M1.1M1.07M1.11M1.57M1.63M1.75M1.76M1.82M
EBIT4.64M8.12M6.67M1.76M8.47M9.15M6.05M7.99M3.63M3.47M
Net Interest Income23.16K81.5K64.69K151.7K135.79K-39.85K-433.31K-221.3K-291.87K-359.94K
Interest Income43.54K99.46K78.26K167.73K151.88K49.24K28.49K118.83K308.05K319.73K
Interest Expense20.38K17.96K13.57K16.03K16.09K89.1K461.81K340.13K599.93K679.67K
Other Income/Expense11.37M13.75M13.02M8.86M13.57M14.29M11.21M9.25M9.01M6.52M
Pretax Income
4.62M▲ 0%
8.1M▲ 75.1%
6.66M▼ 17.8%
1.74M▼ 73.9%
8.46M▲ 386.2%
9.06M▲ 7.1%
5.59M▼ 38.3%
7.65M▲ 36.9%
3.03M▼ 60.4%
2.79M▲ 0%
Pretax Margin %11.69%15.75%11.94%3.65%14.97%12.22%6.99%8.99%3.6%3.24%
Income Tax699.52K876.1K841.84K2.67M1.46M1.87M1.35M1.33M2.04M2.09M
Effective Tax Rate %15.13%10.82%12.65%153.73%17.28%20.68%24.15%17.34%67.46%74.98%
Net Income
3.42M▲ 0%
6.7M▲ 95.8%
5.21M▼ 22.3%
-1.34M▼ 125.7%
6.28M▲ 569.6%
6.32M▲ 0.7%
2.91M▼ 54.0%
5.41M▲ 85.7%
17.62K▼ 99.7%
-305.65K▲ 0%
Net Margin %8.65%13.03%9.34%-2.81%11.12%8.53%3.64%6.36%0.02%-0.35%
Net Income Growth %494.48%95.82%-22.26%-125.68%569.55%0.69%-53.95%85.73%-99.67%-106.02%
Net Income (Continuing)3.92M7.22M5.82M-934.76K7M7.19M4.24M6.32M986.39K698.13K
Discontinued Operations0000000000
Minority Interest2.86M2.74M3.07M3.05M3.38M3.65M4.34M3.98M4.56M4.31M
EPS (Diluted)
0.38▲ 0%
0.72▲ 89.5%
0.55▼ 23.6%
-0.10▼ 118.2%
0.64▲ 740.0%
0.66▲ 3.1%
0.30▼ 54.5%
0.55▲ 83.3%
0.00▼ 99.7%
-0.03▲ 0%
EPS Growth %497.49%89.47%-23.61%-118.18%740%3.13%-54.55%83.33%-99.67%-106.23%
EPS (Basic)0.380.740.57-0.100.690.690.310.570.00-
Diluted Shares Outstanding9.15M9.37M9.42M9.1M9.87M9.64M9.69M9.83M9.64M9.49M
Basic Shares Outstanding9.06M9.08M9.09M9.1M9.12M9.22M9.36M9.83M9.48M9.48M
Dividend Payout Ratio-27.09%41.85%-28.35%40.81%90.12%48.85%8600.72%-

NTIC Balance Sheet

Northern Technologies International Corporation (NTIC) balance sheet — assets, liabilities & shareholders' equity

Line itemAug'17Aug'18Aug'19Aug'20Aug'21Aug'22Aug'23Aug'24Aug'25TTM
Total Current Assets26.07M30.57M33.3M33.2M33.75M40.23M39.67M41.58M44.34M44.62M
Cash & Short-Term Investments10.13M7.46M9.42M11.95M7.69M5.34M5.41M4.95M7.25M6.39M
Cash Only6.36M4.16M5.86M6.4M7.68M5.33M5.41M4.95M7.25M6.39M
Short-Term Investments3.77M3.3M3.57M5.54M4.63K5.59K0000
Accounts Receivable8.04M12.31M12.33M9.5M13.65M16.6M19.15M20.81M19.86M19.83M
Days Sales Outstanding74.2187.3980.7272.7588.1681.787.4889.3286.0680.12
Inventory7.46M9.13M10.49M10.96M11.11M16.34M13.1M14.39M15.53M16.11M
Days Inventory Outstanding103.4297.55100.83126.58109.88116.7591.75102.44107.82103.4
Other Current Assets0000000000
Total Non-Current Assets30.55M32.98M34.21M32.87M40.62M45.96M49.67M53.1M58.4M59.4M
Property, Plant & Equipment7.36M7.17M7.36M7.77M12.2M12.73M14.49M16.69M15.68M16.3M
Fixed Asset Turnover5.38x7.17x7.58x6.13x4.63x5.83x5.51x5.10x5.37x5.48x
Goodwill000004.78M4.78M4.78M4.78M4.78M
Intangible Assets1.32M1.16M1.01M802.01K709.57K6.63M6.16M5.68M8.83M8.59M
Long-Term Investments20.04M22.95M24.21M24.09M27.62M21.81M23.71M25.4M28.61M110.07M
Other Non-Current Assets71.69K153.85K00000000
Total Assets
56.61M▲ 0%
63.55M▲ 12.3%
67.51M▲ 6.2%
66.07M▼ 2.1%
74.37M▲ 12.6%
86.19M▲ 15.9%
89.34M▲ 3.7%
94.68M▲ 6.0%
102.75M▲ 8.5%
104.03M▲ 0%
Asset Turnover0.70x0.81x0.83x0.72x0.76x0.86x0.89x0.90x0.82x0.86x
Asset Growth %10.85%12.25%6.23%-2.13%12.56%15.9%3.65%5.97%8.52%37.71%
Total Current Liabilities4.89M7.73M7.84M6.1M8.52M17.07M16.72M17.9M23.9M25.18M
Accounts Payable2.68M3.91M4.51M3.21M4.29M7.8M6.06M6.39M8.04M9.67M
Days Payables Outstanding37.1241.7243.3137.0142.4255.742.4345.5155.8654.1
Short-Term Debt000386.35K272.34K6.27M6.7M7.44M12.53M12.02M
Deferred Revenue (Current)0000000000
Other Current Liabilities677.62K1.01M1.47M880.12K894.5K667.29K1.65M574.88K1.07M721.89K
Current Ratio5.33x3.95x4.25x5.45x3.96x2.36x2.37x2.32x1.86x1.86x
Quick Ratio3.80x2.77x2.91x3.65x2.66x1.40x1.59x1.52x1.21x1.21x
Cash Conversion Cycle140.5143.22138.23162.32155.62142.75136.8146.25138.01129.43
Total Non-Current Liabilities000272.44K104.1K1.88M1.92M1.6M2.13M2.17M
Long-Term Debt00000000466.98K445.77K
Capital Lease Obligations000272.44K104.1K184.24K88.08K99.44K148.31K778.17K
Deferred Tax Liabilities000001.7M1.84M1.5M1.51M6.04M
Other Non-Current Liabilities0000000000
Total Liabilities4.89M7.73M7.84M6.37M8.62M18.95M18.65M19.5M26.03M27.35M
Total Debt000658.79K376.44K6.46M6.79M7.54M13.15M12.96M
Net Debt-6.36M-4.16M-5.86M-5.74M-7.3M1.12M1.38M2.58M5.9M6.57M
Debt / Equity---0.01x0.01x0.10x0.10x0.10x0.17x0.17x
Debt / EBITDA-------51.46x--6.78x
Net Debt / EBITDA-------17.65x--3.44x
Interest Coverage-331.21x-314.67x-468.81x-444.13x-317.46x-58.71x-12.17x-4.72x-9.96x5.11x
Total Equity
51.72M▲ 0%
55.82M▲ 7.9%
59.67M▲ 6.9%
59.7M▲ 0.1%
65.75M▲ 10.1%
67.24M▲ 2.3%
70.7M▲ 5.1%
75.18M▲ 6.3%
76.71M▲ 2.0%
76.68M▲ 0%
Equity Growth %9.86%7.93%6.9%0.06%10.13%2.27%5.14%6.33%2.05%13.39%
Book Value per Share5.655.966.346.566.666.987.297.647.968.08
Total Shareholders' Equity48.86M53.08M56.59M56.66M62.37M63.6M66.36M71.19M72.15M72.36M
Common Stock90.7K90.83K181.74K182K183.7K184.65K188.48K189.34K189.51K189.61K
Retained Earnings37.08M41.96M44.99M42.47M46.97M50.72M51M53.77M52.27M52.42M
Treasury Stock0000000000
Accumulated OCI-2.47M-3.6M-4.59M-3.41M-3.53M-7.25M-6.82M-6.38M-5.37M-5.64M
Minority Interest2.86M2.74M3.07M3.05M3.38M3.65M4.34M3.98M4.56M4.31M

NTIC Cash Flow Statement

Northern Technologies International Corporation (NTIC) cash flow — operating, investing & free cash flow history

Line itemAug'17Aug'18Aug'19Aug'20Aug'21Aug'22Aug'23Aug'24Aug'25TTM
Cash from Operations5.74M608.69K5.48M4.91M2.89M1.15M5.54M5.88M2.44M2.44M
Operating CF Margin %14.5%1.18%9.82%10.31%5.12%1.55%6.93%6.92%2.9%-
Operating CF Growth %179.03%-89.39%799.81%-10.31%-41.11%-60.38%383.49%6.17%-58.48%-203.28%
Net Income3.92M7.22M5.82M-934.76K7M7.19M4.24M6.32M986.39K-305.65K
Depreciation & Amortization906.14K1.11M1.1M1.07M1.11M1.57M1.63M1.75M1.76M1.82M
Stock-Based Compensation391.66K413.01K1.43M1.34M664.17K931.53K1.34M1.38M1.36M1.33M
Deferred Taxes-117.3K186.81K-89.64K1.42M114.62K-81.5K-395K-336.25K50.98K77.94K
Other Non-Cash Items528.15K-3.84M-2.22M1.6M-3.54M-2.9M-728.05K-1.46M-1.97M-1.79M
Working Capital Changes102.46K-4.48M-561.27K415.72K-2.45M-5.56M-542.15K-1.78M257.35K-1.75M
Change in Receivables-797.47K-4.69M-213.25K2.79M-4.12M-2.14M-3.29M-1.28M1.1M-2.29M
Change in Inventory305.27K-1.91M-1.49M-435.71K58.31K-4.82M3.03M-1.33M-1.28M-1.8M
Change in Payables-129.37K1.64M682.79K-1.23M866.6K3.01M-1.51M449.01K1.47M3.31M
Cash from Investing-2.61M-300.11K-1.34M-2.78M-103.32K-7.11M-3.34M-3.42M-3.93M-3.49M
Capital Expenditures-922.27K-680.5K-960.34K-711.41K-5.53M-1.5M-3.25M-1.92M-1.53M-1.13M
CapEx % of Revenue2.33%1.32%1.72%1.49%9.79%2.02%4.06%2.25%1.81%-
Acquisitions00000-5.4M0000
Investments----------
Other Investing-162.53K-86.48K-114.44K-93.81K-110.65K-207.15K-101.06K-1.5M-2.4M-2.37M
Cash from Financing-226.69K-2.37M-2.39M-1.52M-1.52M3.19M-2.05M-2.96M3.86M3.87M
Debt Issued (Net)000005.9M512.5K691.61K5.58M5.14M
Equity Issued (Net)-196.22K000000081.5K0
Dividends Paid0-1.82M-2.18M-1.18M-1.78M-2.58M-2.62M-2.64M-1.52M-947.23K
Share Repurchases-196.22K000000000
Other Financing-30.46K-556.62K-213.42K-335.81K258.75K-130.44K58.16K-1.01M-280K-326.04K
Net Change in Cash
2.96M▲ 0%
-2.2M▼ 174.1%
1.69M▲ 177.1%
546.27K▼ 67.7%
1.28M▲ 133.9%
-2.35M▼ 283.7%
72.28K▲ 103.1%
-453.99K▼ 728.1%
2.3M▲ 606.3%
819.98K▲ 0%
Free Cash Flow
4.65M▲ 0%
-158.3K▼ 103.4%
4.4M▲ 2881.0%
4.1M▼ 6.8%
-2.75M▼ 167.0%
-557.75K▲ 79.7%
2.18M▲ 490.8%
2.46M▲ 13.1%
-1.51M▼ 161.2%
-3.12M▲ 0%
FCF Margin %11.75%-0.31%7.9%8.62%-4.87%-0.75%2.73%2.9%-1.79%-3.62%
FCF Growth %264.27%-103.4%2881.02%-6.76%-167.01%79.72%490.77%13.1%-161.15%-429.28%
FCF per Share0.51-0.020.470.45-0.28-0.060.220.25-0.16-0.16
FCF Conversion (FCF/Net Income)1.68x0.09x1.05x-3.67x0.46x0.18x1.90x1.09x138.65x10.22x
Interest Paid000016.09K89.1K461.81K340.13K599.93K79.75K
Taxes Paid0000895.65K1.22M1.06M1.19M1.61M462.75K

NTIC Key Ratios

Northern Technologies International Corporation (NTIC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)6.93%12.46%9.02%-2.24%10.01%9.51%4.22%7.42%0.02%-0.4%
Return on Invested Capital (ROIC)-11.37%-8.74%-9.05%-9.91%-6.81%-6.19%-6%-1.61%-5.59%-5.59%
Gross Margin33.49%33.56%31.89%33.65%34.65%31.11%34.8%39.72%37.61%37%
Net Margin8.65%13.03%9.34%-2.81%11.12%8.53%3.64%6.36%0.02%-0.35%
Debt / Equity---0.01x0.01x0.10x0.10x0.10x0.17x0.17x
Interest Coverage-331.21x-314.67x-468.81x-444.13x-317.46x-58.71x-12.17x-4.72x-9.96x5.11x
FCF Conversion1.68x0.09x1.05x-3.67x0.46x0.18x1.90x1.09x138.65x10.22x
Revenue Growth20.15%29.96%8.41%-14.55%18.59%31.27%7.75%6.45%-0.97%-0.01%

NTIC Frequently Asked Questions

Northern Technologies International Corporation (NTIC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Northern Technologies International Corporation (NTIC) reported $86.2M in revenue for fiscal year 2025. This represents a 1149% increase from $6.9M in 1996.

Northern Technologies International Corporation (NTIC) saw revenue decline by 1.0% over the past year.

Northern Technologies International Corporation (NTIC) reported a net loss of $0.3M for fiscal year 2025.

Dividend & Returns

Yes, Northern Technologies International Corporation (NTIC) pays a dividend with a yield of 1.97%. This makes it attractive for income-focused investors.

Northern Technologies International Corporation (NTIC) has a return on equity (ROE) of 0.0%. This is below average, suggesting room for improvement.

Northern Technologies International Corporation (NTIC) had negative free cash flow of $3.1M in fiscal year 2025, likely due to heavy capital investments.

Explore More NTIC

Northern Technologies International Corporation (NTIC) financial analysis — history, returns, DCA and operating performance tools

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