Saturday 17 October 2026 Export NTIC’s income statement to Excel — free account

Northern Technologies International Corporation

NTIC Basic Materials Specialty Chemicals

Northern Technologies International Corporation’s revenue for fiscal 2025 (year ended August 2025) was $84.2 million, down 0.97% from fiscal 2024. In the quarter to May 2026, revenue grew 12.6%, EPS fell 400.0%, free cash flow grew 327.5% and total debt rose 49.5%, each against the same quarter a year earlier.

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Market cap: $73.2M
P/E: 0.0×
Fwd P/E: 88.9×
Dividend yield: 0.26%
F-score: 3/9
Altman Z: 3.47
Beneish M: −2.63
Dividend safety: 16/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	2	—	—	—

Insider Ownership 19.44%

Capital & Financial Ratios $m

Market Cap 73.22

Revenue 91.84

Net Income (0.08)

Free Cash Flow (3.93)

Net Debt 7.89

Current Ratio 1.72

Debt/Equity 0.20

P/E ratio 0.00

Fwd P/E 88.90

P/S ratio 0.80

P/B ratio 0.95

Past 5Y EPS Growth —

This Y EPS Growth 10,100.00%

Next Y EPS Growth 200.00%

Next Y revenue growth 12.42%

Next 5Y EPS Growth 20.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.66%

10-year low 10-year high

P/B against its own 10 years 4.24%

10-year low 10-year high

EV/Sales against its own 10 years 3.21%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.02

Annual Dividend Yield 0.26%

	total	individual payouts
2026	0.01	0.01
2025	0.10	0.07 0.01 0.01 0.01
2024	0.28	0.07 0.07 0.07 0.07
2023	0.28	0.07 0.07 0.07 0.07
2022	0.28	0.07 0.07 0.07 0.07
2021	0.27	0.07 0.07 0.07 0.07
2020	0.07	0.07
2019	0.25	0.06 0.06 0.06 0.07
2018	0.26	0.05 0.05 0.05 0.06 0.05
2017	0.05	0.05

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5	5	7	7
Receivables	19	20	20	21
Inventory	13	14	16	16
Other	—	—	—	—
	40	42	44	48

	2023	2024	2025	Q'26
Payables	6	6	8	9
ST’ Debt	6	7	12	15
Other	—	—	—	—
	17	18	24	28

Compound Annual Growth %

	10y	5y	3y
Sales	10.76%	12.07%	4.34%
Cash Flow	0.00%	(13.04%)	28.70%
Earnings	(37.01%)	0.00%	(85.93%)
Book Value	4.82%	5.14%	4.49%

Revenue $m

	Nov	Feb	May	Aug	Year
’26	23	22	24	—	—
’25	21	19	22	22	84
’24	20	21	21	23	85
’23	20	18	21	21	80
’22	18	17	19	20	74
’21	13	13	15	16	56
’20	15	13	10	10	48

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	0	(2)	1	—	—
’25	2	1	1	(1)	2
’24	3	3	2	(2)	6
’23	2	0	1	2	6
’22	3	(1)	0	(1)	1
’21	2	0	(1)	2	3
’20	(2)	6	(1)	2	5

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	0	(2)	0	—	—
’25	1	(1)	0	(2)	(1)
’24	3	2	1	(3)	2
’23	2	(1)	0	1	2
’22	3	(2)	(1)	(1)	(1)
’21	1	0	(1)	(3)	(3)
’20	(2)	6	(1)	2	4

Fiscal quarters ending in the months shown.

EPS $

	Nov	Feb	May	Aug	Year
’26	0.03	0.00	(0.03)	—	—
’25	0.06	0.04	0.01	(0.12)	0.00
’24	0.09	0.17	0.10	0.19	0.55
’23	0.05	0.09	0.13	0.10	0.30
’22	0.46	0.02	0.11	0.07	0.66
’21	0.13	0.13	0.21	0.17	0.64
’20	0.13	0.02	(0.11)	(0.19)	(0.15)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	4.80	6.58	9.78	10.02	4.70	10.27	9.05	10.08	11.52	6.75	Analyst estimates 2026–2028 Powerpack
	High	7.48	13.25	20.95	16.08	14.88	21.50	15.83	13.91	19.63	13.94
People
People	Employees	65	71	72	73	78	78	79	86	95	94
	Revenue/emp, $m	0.51	0.56	0.71	0.76	0.61	0.72	0.94	0.93	0.90	0.90
Income, $m
Income, $m	Revenue	33	40	51	56	48	56	74	80	85	84
	Gross margin, %	32.23	33.49	33.56	31.89	33.65	34.65	31.11	34.80	39.72	37.61
	EBT	(1)	5	8	7	2	8	9	6	8	3
	EBT margin, %	(1.74)	11.69	15.75	11.94	3.65	14.97	12.22	6.99	8.99	3.60
	Net income	(1)	4	7	6	(1)	7	7	4	6	1
	Depreciation	1	1	1	1	1	1	2	2	2	2
Per share, $
Per share, $	Revenue	3.63	4.37	5.66	6.14	5.24	6.20	8.05	8.54	9.02	8.89
	Earnings	(0.09)	0.38	0.74	0.57	(0.15)	0.69	0.69	0.31	0.57	0.00
	Cash flow	0.23	0.63	0.07	0.60	0.54	0.32	0.12	0.59	0.62	0.26
	Capex	(0.09)	(0.12)	(0.08)	(0.12)	(0.08)	(0.62)	(0.18)	(0.36)	(0.36)	(0.41)
	Free cash flow	0.14	0.51	(0.02)	0.48	0.46	(0.30)	(0.06)	0.23	0.26	(0.16)
	Book value	5.19	5.71	6.15	6.57	6.56	7.21	7.30	7.55	7.97	8.10
	Shares, m	9	9	9	9	9	9	9	9	9	9
Valuation, ×
Valuation, ×	P/E	0.00	22.86	24.76	20.11	0.00	24.16	17.07	33.77	22.93	0.00
	P/S	1.92	2.01	3.21	1.87	1.59	2.69	1.46	1.51	1.45	0.82
	P/B	1.34	1.54	2.96	1.75	1.27	2.31	1.61	1.71	1.64	0.90
	EV/Sales	1.74	1.76	3.07	1.70	1.35	2.56	1.47	1.52	1.48	0.89
	EV/FCF	44.99	14.96	(655.68)	21.51	15.73	(52.59)	(163.15)	57.83	52.16	(50.15)
Cash, $m
Cash, $m	Operating cash flow	2	6	1	5	5	3	1	6	6	2
	Capex	(1)	(1)	(1)	(1)	(1)	(6)	(2)	(3)	(3)	(4)
	Free cash flow	1	5	0	4	4	(3)	(1)	2	2	(1)
Balance, $m
Balance, $m	Working capital	17	21	23	25	27	25	23	23	24	20
	Total debt	—	—	—	—	1	0	6	6	7	13
	Net debt	(6)	(10)	(7)	(9)	(11)	(7)	1	1	2	5
	Shareholders’ equity	47	52	56	60	60	66	67	71	75	77
Returns, %
Returns, %	ROA	(1.69)	6.36	11.15	7.95	(2.00)	8.94	7.88	3.32	5.88	0.02
	ROIC	1.93	6.91	10.36	8.20	2.05	8.90	4.73	5.25	6.36	1.96
	ROE	(1.83)	6.93	12.46	9.02	(2.24)	10.01	9.51	4.22	7.42	0.02

Negative figures in brackets.

All 10 years →

Fiscal years to Aug 2025 · latest quarter May 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GEVO Gevo, Inc.	$289.3M	— (loss-making)	— (loss-making)	+7.11% (above 0%: growing)	n/m	−167.47% (below 0%: shrinking)	42.58%	(369.25%)	Compare
ALTO Alto Ingredients, Inc.	$283.9M	5.0×	12.8×	+12.48% (above 0%: growing)	n/m	+1,443.92% (above 0%: growing)	6.77%	3.51%	Compare
FF FutureFuel Corp.	$247.8M	— (loss-making)	— (loss-making)	+120.69% (above 0%: growing)	n/m	+4,245.38% (above 0%: growing)	19.08%	14.29%	Compare
HDSN Hudson Technologies, Inc.	$212.1M	24.1×	14.1×	+7.54% (above 0%: growing)	−47.83% (below 0%: shrinking)	+5.45% (above 0%: growing)	26.41%	9.44%	Compare
CMT Core Molding Technologies Inc	$206.6M	26.6×	21.6×	−20.84% (below 0%: shrinking)	−55.32% (below 0%: shrinking)	+809.20% (above 0%: growing)	20.29%	3.66%	Compare
FEAM 5E Advanced Materials, Inc.	$156.8M	— (loss-making)	—	—	n/m	+17.79% (above 0%: growing)	0.00%	0.00%	Compare
AMTX Aemetis, Inc	$104.3M	— (loss-making)	— (loss-making)	+20.02% (above 0%: growing)	n/m	−12.47% (below 0%: shrinking)	21.56%	9.21%	Compare
NTIC Northern Technologies International Corporation	$73.2M	— (loss-making)	88.9×	+12.59% (above 0%: growing)	n/m	+327.52% (above 0%: growing)	33.63%	2.13%
CITR CitroTech Inc.	$68.2M	— (loss-making)	—	−59.18% (below 0%: shrinking)	n/m	−30.95% (below 0%: shrinking)	3.21%	(1,244.78%)	Compare
Median of peers	$209.4M	24.1×	14.1×	+7.54%	—	+11.62%	19.69%	3.59%

All 60 Specialty Chemicals stocks →

Northern Technologies International Corporation (NTIC) key facts

Concern: Northern Technologies International Corporation’s revenue for fiscal 2025 (year ended August 2025) was $84.2 million, down 0.97% from fiscal 2024.
Northern Technologies International Corporation (NTIC) is a Specialty Chemicals company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, NTIC traded at $7.71, a market capitalization of $73.2 million.
Northern Technologies International Corporation pays an annual dividend of $0.02 per share, a yield of 0.26%.
Return on equity was 0.02% and debt-to-equity 0.20.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 3.47 (safe zone) for fiscal 2025.