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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.

Revenue
+12.6%
EPS
−400.0%
Free cash flow
+327.5%
Total debt
+49.5%

Quarter to May 2026, against a year earlier

7.53 0.05 −0.66%
Market cap
$72.0M
P/E
0.0×
Fwd P/E
188×
Dividend yield
0.13%
F-score
3/9
Altman Z
3.47
Beneish M
−2.63
Dividend safety
16/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.22
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 2 — — — —
Insider Ownership 19.44%

Capital & Financial Ratios $m

Size
Market Cap 71.98
Revenue ttm 91.84
Net income ttm (0.08)
Free cash flow ttm (3.93)
Net debt Q 7.89
Valuation
P/E 0.00
Forward P/E 188.00 (above 35: high)
Price / sales 0.79
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.93
Financial health
Current ratio Q 1.72 (at or above 1.5: strong)
Debt / equity Q 0.20 (at or below 0.5: strong)
Interest coverage Q 2.53
Growth
Revenue growth Q +12.59% (above 0%: growing)
Operating income growth Q −40.58% (below 0%: shrinking)
EPS, this year +10,100.00% (at or above 15%: strong)
EPS, next year A +200.00% (at or above 15%: strong)
Revenue, next year A +12.42% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +20.00% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.6×; over the ten years it ranged from 0.8× in 2025 to 3.4× in 2018.
P/S against its own 10 years 0.40%
10-year low 10-year high
P/B against its own 10 years 3.19%
10-year low 10-year high
EV/Sales against its own 10 years 2.64%
10-year low 10-year high

Dividends

Yield
0.13%
Annual rate
0.01
Payout ratio
—
Growth, 2018–26
−33.5%/yr
  1. 0.26 ’18
  2. 0.25 ’19 −6
  3. 0.07 ’20 −73
  4. 0.27 ’21 +308
  5. 0.28 ’22 +6
  6. 0.28 ’23 +0
  7. 0.28 ’24 +0
  8. 0.10 ’25 −64
  9. 0.01 ’26 −90
paid change on the year, %

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%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.04 Actual −0.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.08 −0.06 Miss by 0.14
Q1 FY26 0.05 0.04 Miss by 0.01
Q2 FY26 0.02 0.01 Miss by 0.01
Q3 FY26 0.04 −0.02 Miss by 0.06
Q4 FY26 0.06 — Reports 17 November 2026

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to August

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM May ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 33 40 51 56 48 56 74 80 85 84 92 +11.0% 95 102 — +9.8%
Gross margin, % 32.23 33.49 33.56 31.89 33.65 34.65 31.11 34.80 39.72 37.61 35.76 +5.4 pt
EBT (1) 5 8 7 2 8 9 6 8 3 2 n/m
EBT margin, % (1.74) 11.69 15.75 11.94 3.65 14.97 12.22 6.99 8.99 3.60 1.96 +5.3 pt
Net income (1) 4 7 6 (1) 7 7 4 6 1 0 n/m
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 9.67 +10.5%
Earnings (0.09) 0.38 0.74 0.57 (0.15) 0.69 0.69 0.31 0.57 0.00 (0.12) n/m
Cash flow 0.23 0.63 0.07 0.60 0.54 0.32 0.12 0.59 0.62 0.26 (0.22) +1.4%
Capex (0.09) (0.12) (0.08) (0.12) (0.08) (0.62) (0.18) (0.36) (0.36) (0.41) (0.19) +19.1%
Free cash flow 0.14 0.51 (0.02) 0.48 0.46 (0.30) (0.06) 0.23 0.26 (0.16) (0.41) n/m
Book value 5.19 5.71 6.15 6.57 6.56 7.21 7.30 7.55 7.97 8.10 8.14 +5.1%
Shares, m 9 9 9 9 9 9 9 9 9 9 9 +0.5%
Valuation, ×
Valuation, × P/E 0.00 22.86 24.76 20.11 0.00 24.16 17.07 33.77 22.93 0.00 0.00 16.6
P/S 1.92 2.01 3.21 1.87 1.59 2.69 1.46 1.51 1.45 0.82 0.79 1.9
P/B 1.34 1.54 2.96 1.75 1.27 2.31 1.61 1.71 1.64 0.90 0.93 1.7
EV/Sales 1.74 1.76 3.07 1.70 1.35 2.56 1.47 1.52 1.48 0.89 0.87 1.8
EV/FCF 44.99 14.96 (655.68) 21.51 15.73 (52.59) (163.15) 57.83 52.16 (50.15) (20.36) (71.4)
Cash, $m
Cash, $m Operating cash flow 2 6 1 5 5 3 1 6 6 2 (2) +1.9%
Capex (1) (1) (1) (1) (1) (6) (2) (3) (3) (4) (2) +19.7%
Free cash flow 1 5 0 4 4 (3) (1) 2 2 (1) (4) n/m
Balance, $m
Balance, $m Working capital 17 21 23 25 27 25 23 23 24 20 20 +2.1%
Net debt (6) (10) (7) (9) (11) (7) 1 1 2 5 8 n/m
Shareholders’ equity 47 52 56 60 60 66 67 71 75 77 77 +5.6%
Returns, %
Returns, % ROA (1.69) 6.36 11.15 7.95 (2.00) 8.94 7.88 3.32 5.88 0.02 (1.12) +1.7 pt
ROIC 1.93 6.91 10.36 8.20 2.05 8.90 4.73 5.25 6.36 1.96 2.03 0.0 pt
ROE (1.83) 6.93 12.46 9.02 (2.24) 10.01 9.51 4.22 7.42 0.02 (1.51) +1.8 pt
People
People Employees 65 71 72 73 78 78 79 86 95 94 — +4.2%
Revenue/emp, $m 0.51 0.56 0.71 0.76 0.61 0.72 0.94 0.93 0.90 0.90 — +6.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Aug 2025 · latest quarter May 2026

Northern Technologies International Corporation vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ALTO Alto Ingredients, Inc. $284.7M 5.4× 9.7× +12.48% (above 0%: growing) +200.00% (above 0%: growing) +1,443.92% (above 0%: growing) 6.77% 3.51% Compare
FF FutureFuel Corp. $236.9M — (loss-making) — (loss-making) +120.69% (above 0%: growing) n/m +4,245.38% (above 0%: growing) 19.08% 14.29% Compare
CMT Core Molding Technologies Inc $186.3M 25.6× 44.8× +54.42% (above 0%: growing) −18.18% (below 0%: shrinking) −3,170.52% (below 0%: shrinking) 14.83% 1.76% Compare
HDSN Hudson Technologies, Inc. $172.1M — (loss-making) 33.2× −19.71% (below 0%: shrinking) −82.14% (below 0%: shrinking) +43.42% (above 0%: growing) 24.91% 5.47% Compare
AMTX Aemetis, Inc $124.9M — (loss-making) — (loss-making) +48.93% (above 0%: growing) n/m +269.01% (above 0%: growing) 33.43% 23.65% Compare
ACNT Ascent Industries Co. $122.4M — (loss-making) — (loss-making) +37.61% (above 0%: growing) n/m −97.54% (below 0%: shrinking) 21.62% (1.02%) Compare
FEAM 5E Advanced Materials, Inc. $93.8M — (loss-making) — — n/m +17.79% (above 0%: growing) 0.00% 0.00% Compare
NTIC Northern Technologies International Corporation $72.0M — (loss-making) 188× +12.59% (above 0%: growing) n/m +327.52% (above 0%: growing) 33.63% 2.13%
CITR CitroTech Inc. $58.7M — (loss-making) — (loss-making) −59.18% (below 0%: shrinking) n/m −30.95% (below 0%: shrinking) 3.21% (1,244.78%) Compare
Median of peers $148.5M — 33.2× +37.61% −18.18% +30.61% 16.95% 2.64%

All 61 Specialty Chemicals stocks →

Pay and ownership Proxy statement filed 1 December 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 785.38k 453.02k 68.93
2024 946.60k 957.03k 116.30
2023 889.04k 979.46k 111.88
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Northern Technologies International Corporation (NTIC) Latest News

4 Oct

Impact 4 · · MarketBeat

8 Sep

Impact 4 ·

10 Jul

Impact 3 · · Moby
Impact 3 ·

9 Jul

Impact 4 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

16 Jun

Impact 3 ·

28 Apr

Impact 3 · · GlobeNewswire

9 Apr

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

8 Apr

Impact 3 · · The Motley Fool transcript
Impact 3 · · The Motley Fool transcript

20 Jan

Impact 3 · · ACCESS Newswire

8 Jan

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat transcript
Impact 4 · · Associated Press Finance
Impact 3 · · GlobeNewswire

18 Nov

Impact 4 ·
Impact 3 · transcript
Impact 3 · · Zacks

11 Nov

Impact 3 · · GlobeNewswire

4 Nov

Impact 4 · · GlobeNewswire

28 Oct

Impact 3 · · Simply Wall St.

8 Aug

Impact 4 ·

12 Jul

Impact 3 · · Simply Wall St.

11 Jul

Impact 3 · transcript
stockrow.com/NTIC · Data as of May 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com