NASDAQ · Financial Statements

Northern Technologies International Corporation (NTIC) Financial Statements

$7.71 NASDAQ: NTIC Market Cap $73.14M

Northern Technologies International Corporation most recently reported annual revenue of $84.0M, net profit of $0. Revenue grew at an average annual rate of 11.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Northern Technologies International Corporation: Revenue rose from $33.0M in 2016 to $84.0M in 2025, a change of +154.5% over 9 years; net profit was positive in 7 of 10 reported years; operating margin moved from 3.9% to -7.1%, a shift of -11.0 percentage points; the most recent year shows net profit of $0.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$33.0M$40.0M$51.0M$56.0M$48.0M$56.0M$74.0M$80.0M$85.0M$84.0M
Operating Expenses$32.0M$35.0M$43.0M$49.0M$46.0M$48.0M$80.0M$86.0M$87.0M$90.0M
Operating Profit$1.0M$5.0M$8.0M$7.0M$2.0M$8.0M$-5.0M$-6.0M$-2.0M$-6.0M
Operating Margin3.9%11.6%15.6%11.8%3.3%14.7%-7.2%-7.0%-1.9%-7.1%
Other Income$-2.0M$0$0$0$0$0$14.0M$11.0M$9.0M$9.0M
Interest$0$0$0$0$0$0$0$0$0$1.0M
Depreciation$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M
Profit Before Tax$-1.0M$5.0M$8.0M$7.0M$2.0M$8.0M$9.0M$6.0M$8.0M$3.0M
Tax$-109.4M$15.1M$10.8M$12.7M$153.7M$17.3M$20.7M$24.1M$17.3M$67.5M
Net Profit$-1.0M$3.0M$7.0M$5.0M$-1.0M$6.0M$6.0M$3.0M$5.0M$0
EPS$-0.10$0.38$0.72$0.55$-0.10$0.64$0.66$0.30$0.55$0.00
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$21.0M$20.0M$21.0M$21.0M$23.0M$21.0M$19.0M$22.0M$22.0M$23.0M$22.0M$24.0M
Operating Expenses$19.0M$19.0M$19.0M$19.0M$21.0M$23.0M$21.0M$23.0M$24.0M$25.0M$24.0M$24.0M
Operating Profit$2.0M$1.0M$2.0M$2.0M$3.0M$-1.0M$-2.0M$-1.0M$-1.0M$-1.0M$-2.0M$1.0M
Operating Margin7.4%6.8%10.6%7.4%11.8%-6.1%-10.6%-6.5%-5.5%-5.8%-7.5%2.1%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$1.0M$1.0M$2.0M$1.0M$3.0M$1.0M$1.0M$1.0M$0$1.0M$0$0
Tax$36.2M$17.3M$13.4M$22.3M$17.8M$21.5M$31.4M$55.3M$286.3M$34.4M$30.0M$104.6M
Net Profit$0$1.0M$2.0M$1.0M$2.0M$1.0M$0$0$-1.0M$0$0$0
EPS$0.00$0.09$0.18$0.10$0.19$0.06$0.04$0.01$-0.12$0.03$0.00$-0.03

Over the 10 years reported for Northern Technologies International Corporation, cash stood at $7.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.83 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$51.0M$57.0M$64.0M$68.0M$66.0M$74.0M$86.0M$89.0M$95.0M$103.0M
Current Assets$21.0M$26.0M$31.0M$33.0M$33.0M$34.0M$40.0M$40.0M$42.0M$44.0M
Cash$3.0M$6.0M$4.0M$6.0M$6.0M$8.0M$5.0M$5.0M$5.0M$7.0M
Inventory$8.0M$7.0M$9.0M$10.0M$11.0M$11.0M$16.0M$13.0M$14.0M$16.0M
Receivables$7.0M$8.0M$12.0M$12.0M$9.0M$14.0M$17.0M$19.0M$21.0M$20.0M
Fixed Assets$7.0M$7.0M$7.0M$7.0M$8.0M$12.0M$13.0M$14.0M$17.0M$16.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$22.0M$24.0M$26.0M$28.0M$30.0M$28.0M$22.0M$24.0M$25.0M$29.0M
Other Assets$0$0$0$0$0$0$5.0M$5.0M$5.0M$5.0M
Total Liabilities$4.0M$5.0M$8.0M$8.0M$6.0M$9.0M$19.0M$19.0M$20.0M$26.0M
Current Liabilities$4.0M$5.0M$8.0M$8.0M$6.0M$9.0M$17.0M$17.0M$18.0M$24.0M
Borrowings$0$0$0$0$1.0M$0$6.0M$7.0M$8.0M$13.0M
Other Liabilities$4.0M$5.0M$8.0M$8.0M$6.0M$8.0M$12.0M$12.0M$12.0M$13.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$45.0M$49.0M$53.0M$57.0M$57.0M$62.0M$64.0M$66.0M$71.0M$72.0M

For Northern Technologies International Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was negative at $2.0M; free cash flow was positive in 6 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$2.0M$6.0M$1.0M$5.0M$5.0M$3.0M$1.0M$6.0M$6.0M$2.0M
Investing Cash Flow$-2.0M$-4.0M$-1.0M$-2.0M$-4.0M$-6.0M$-9.0M$-7.0M$-7.0M$-8.0M
Financing Cash Flow$0$0$-1.0M$0$0$0$0$-1.0M$-1.0M$0
Net Cash Flow$1.0M$3.0M$-2.0M$2.0M$1.0M$1.0M$-2.0M$0$0$2.0M
Free Cash Flow$1.0M$5.0M$0$4.0M$4.0M$-3.0M$-1.0M$2.0M$2.0M$-2.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.59
EV / EBITDA17.95
FCF Yield-5.10%
Quick Ratio1.15
Interest Coverage-4.78
Return 1Y-1.23%
Return 3Y-33.44%
Return 5Y-55.13%

Northern Technologies International Corporation (NTIC) financials — frequently asked questions

What is Northern Technologies International Corporation's annual revenue?

Northern Technologies International Corporation (NTIC) reported annual revenue of $84.0M in its most recent fiscal year.

What is Northern Technologies International Corporation's net profit?

Northern Technologies International Corporation (NTIC) reported net profit of $0 in its most recent fiscal year.

What is NTIC EV/EBITDA?

Northern Technologies International Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 17.95.

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