NTIC

+ Watchlist + Portfolio

Northern Technologies International Corp.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $8.05
52-Week Range: $7.25 – $10.03
Market Cap: $77.26M
P/E (TTM): —
EPS (TTM): -0.13
Dividend Yield: 0.50%

Advanced Metrics

Price/Book: 1.06
PEG Ratio: 0.80
Return on Equity: -0.10%
Return on Assets: -1.15%
Gross Margin: 35.76%
Operating Margin: -4.14%
Profit Margin: -1.26%
Current Ratio: 1.72
Debt/Equity: 0.20
Total Debt: $15.75M
Free Cash Flow: $-3.03M
Revenue Growth: 12.60%
Earnings Growth: —
Enterprise Value: $90.23M

NTIC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$74.16M	$79.90M	$85.06M	$84.23M
Cost of Revenue	$51.09M	$52.10M	$51.27M	$52.56M
Gross Profit	$23.07M	$27.80M	$33.79M	$31.68M
Research & Development	$4.78M	$4.97M	$4.80M	$5.04M
Selling, General & Admin	$23.64M	$28.46M	$30.59M	$32.61M
Operating Expenses	$28.41M	$33.43M	$35.39M	$37.65M
Operating Income	-$5.35M	-$5.62M	-$1.61M	-$5.97M
EBITDA	$10.72M	$7.68M	$9.74M	$5.39M
Pretax Income	$9.06M	$5.59M	$7.65M	$3.03M
Income Tax	$1.87M	$1.35M	$1.33M	$2.05M
Net Income	$6.32M	$2.91M	$5.41M	$17.62K
Diluted EPS	0.66	0.30	0.55	0.00
Diluted Shares	9.64M	9.69M	9.83M	9.64M

NTIC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$5.33M	$5.41M	$4.95M	$7.25M
Receivables	$16.60M	$19.44M	$20.81M	$19.86M
Inventory	$16.34M	$13.10M	$14.39M	$15.53M
Current Assets	$40.23M	$39.67M	$41.58M	$44.34M
Total Assets	$86.19M	$89.34M	$94.68M	$102.75M
Current Liabilities	$17.07M	$16.72M	$17.90M	$23.90M
Long-Term Debt	—	—	—	$466.98K
Total Debt	$6.46M	$6.79M	$7.54M	$13.15M
Total Liabilities	$18.95M	$18.65M	$19.50M	$26.03M
Retained Earnings	$50.72M	$51.00M	$53.77M	$52.27M
Shareholders' Equity	$63.60M	$66.36M	$71.19M	$72.15M
Working Capital	$23.17M	$22.95M	$23.68M	$20.44M
Net Debt	$566.11K	$951.00K	$2.16M	$5.41M

NTIC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.15M	$5.54M	$5.88M	$2.44M
Capital Expenditure	-$1.70M	-$3.36M	-$3.42M	-$3.95M
Free Cash Flow	-$557.75K	$2.18M	$2.46M	-$1.51M
Depreciation & Amortisation	$1.57M	$1.63M	$1.75M	$1.76M
Stock-Based Compensation	$931.53K	$1.34M	$1.38M	$1.36M
Investing Cash Flow	-$7.11M	-$3.34M	-$3.42M	-$3.93M
Financing Cash Flow	$3.19M	-$2.05M	-$2.96M	$3.86M
Dividends Paid	-$2.58M	-$2.62M	-$2.64M	-$1.52M
Net Change in Cash	-$2.77M	$144.30K	-$492.31K	$2.37M

NTIC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$21.51M	$22.32M	$23.31M	$22.00M	$24.22M
Cost of Revenue	$13.25M	$13.86M	$14.93M	$14.14M	$16.07M
Gross Profit	$8.26M	$8.46M	$8.38M	$7.86M	$8.14M
Research & Development	$1.14M	$1.27M	$1.22M	$1.18M	$1.21M
Selling, General & Admin	$8.53M	$8.43M	$8.52M	$8.33M	$8.97M
Operating Expenses	$9.67M	$9.70M	$9.74M	$9.50M	$10.18M
Operating Income	-$1.41M	-$1.24M	-$1.36M	-$1.64M	-$2.04M
EBITDA	$1.35M	$1.06M	$1.45M	$931.89K	$1.10M
Pretax Income	$742.91K	$398.64K	$770.91K	$251.69K	$375.55K
Income Tax	$410.46K	$1.14M	$265.03K	$75.49K	$392.80K
Net Income	$121.78K	-$1.10M	$237.82K	-$35.32K	-$263.29K
Diluted EPS	0.01	-0.12	0.03	0.00	-0.03
Diluted Shares	9.54M	9.50M	9.49M	9.49M	9.50M

NTIC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$6.77M	$7.25M	$6.39M	$6.47M	$7.28M
Receivables	$18.72M	$19.86M	$19.83M	$19.64M	$20.78M
Inventory	$14.92M	$15.53M	$16.11M	$16.51M	$15.84M
Current Assets	$42.60M	$44.34M	$44.62M	$45.22M	$47.77M
Total Assets	$99.30M	$102.75M	$104.03M	$104.90M	$107.13M
Current Liabilities	$20.94M	$23.90M	$25.18M	$25.02M	$27.78M
Long-Term Debt	—	$466.98K	$445.77K	$421.84K	$389.24K
Total Debt	$10.51M	$13.15M	$12.96M	$15.08M	$15.75M
Total Liabilities	$22.73M	$26.03M	$27.35M	$27.17M	$29.84M
Retained Earnings	$53.47M	$52.27M	$52.42M	$52.29M	$52.02M
Shareholders' Equity	$72.36M	$72.15M	$72.36M	$73.29M	$72.82M
Working Capital	$21.66M	$20.44M	$19.44M	$20.20M	$19.99M
Net Debt	$3.37M	$5.41M	$6.08M	$8.21M	$7.89M

NTIC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$609.71K	-$1.37M	$341.91K	-$1.72M	$623.21K
Capital Expenditure	-$797.37K	-$552.20K	-$821.62K	-$222.04K	-$196.56K
Free Cash Flow	-$187.66K	-$1.92M	-$479.72K	-$1.95M	$426.65K
Depreciation & Amortisation	$449.47K	$483.32K	$481.03K	$483.55K	$520.65K
Stock-Based Compensation	$341.88K	$341.88K	$310.80K	$303.71K	$310.46K
Investing Cash Flow	-$797.37K	-$552.20K	-$821.62K	-$222.04K	-$196.56K
Financing Cash Flow	$1.78M	$2.40M	-$383.75K	$1.94M	$396.94K
Dividends Paid	-$94.74K	-$94.75K	-$94.81K	-$94.92K	$0.00
Net Change in Cash	$1.59M	$484.72K	-$863.47K	-$7.46K	$823.59K

Market Snapshot

About

Northern Technologies International Corporation develops and markets proprietary environmentally friendly corrosion prevention products and services. Its ZERUST rust and corrosion inhibiting solutions serve automotive, electronics, oil and gas, and military industries through a global network of subsidiaries and joint ventures, protecting metals during manufacturing, storage, and shipping.