Go Pro
→ This tiny piece of glass could be bigger than GPUs (From Brownstone Research) (Ad)tc pixel Free NTIC Stock Alerts

Northern Technologies International (NTIC) Financials

Northern Technologies International logo
$8.04 +0.04 (+0.50%)
As of 07/24/2026 04:00 PM Eastern
Compare
Annual Income Statements for Northern Technologies International

Annual Income Statements for Northern Technologies International

This table shows Northern Technologies International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1.79 -0.87 3.42 6.70 5.21 -1.34 6.28 6.32 2.91 5.41 0.02
Consolidated Net Income / (Loss)		 2.52 -1.20 3.92 7.22 5.82 -0.93 7.00 7.19 4.24 6.32 0.99
Net Income / (Loss) Continuing Operations		 2.52 -1.20 15 7.22 5.82 -0.93 7.00 7.19 4.24 6.32 0.99
Total Pre-Tax Income 		3.17 -0.57 4.62 8.10 6.66 1.74 8.46 9.06 5.59 7.65 3.03
Total Operating Income		 -8.50 -10 4.60 -5.65 6.59 1.59 -5.11 -5.35 -5.62 -1.61 -5.97
Total Gross Profit		 9.77 11 13 17 18 16 20 23 28 34 32
Total Revenue		 30 33 40 51 56 48 56 74 80 85 84
Operating Revenue		 30 33 40 51 56 48 56 74 80 85 84
Total Cost of Revenue		 21 22 26 34 38 32 37 51 52 51 53
Operating Cost of Revenue		 21 22 26 34 38 32 37 51 52 51 53
Total Operating Expenses		 18 21 20 23 11 14 25 28 33 35 38
Selling, General & Admin Expense		 12 14 9.28 19 20 19 20 24 28 31 33
Research & Development Expense		 4.05 4.72 2.91 3.52 3.82 3.98 4.40 4.78 4.97 4.80 5.04
Total Other Income / (Expense), net		 12 9.91 23 14 0.06 0.15 14 14 11 9.25 9.01
Interest Expense		 0.02 0.01 0.02 0.02 0.01 0.02 0.02 0.09 0.46 0.34 0.60
Interest & Investment Income		 5.97 4.79 5.94 7.63 0.08 - 7.62 8.73 6.48 4.34 3.85
Other Income / (Expense), net		 5.72 5.14 -5.90 6.14 - 0.17 5.96 5.77 5.19 5.25 5.76
Income Tax Expense		 0.65 0.63 0.70 0.88 0.84 2.67 1.46 1.87 1.35 1.33 2.05
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.73 -0.33 0.50 0.52 0.61 0.40 0.72 0.86 1.33 0.91 0.97
Basic Earnings per Share		 $0.40 ($0.19) $0.76 $0.74 $0.57 ($0.15) $0.69 $0.69 $0.31 $0.57 $0.00
Weighted Average Basic Shares Outstanding		 4.52M 4.54M 4.53M 9.08M 9.09M 9.10M 9.12M 9.22M 9.36M 9.43M 9.48M
Diluted Earnings per Share		 $0.38 ($0.19) $0.75 $0.72 $0.55 ($0.15) $0.64 $0.66 $0.30 $0.55 $0.00
Weighted Average Diluted Shares Outstanding		 4.65M 4.54M 4.58M 9.37M 9.42M 9.10M 9.87M 9.64M 9.69M 9.83M 9.64M
Weighted Average Basic & Diluted Shares Outstanding		 4.54M 4.54M 4.54M 4.54M 9.09M 9.10M 9.19M 9.37M 9.43M 9.47M 9.48M
Cash Dividends to Common per Share		 - - $0.00 $0.20 $0.24 $0.13 $0.20 $0.28 $0.28 $0.28 $0.16

Quarterly Income Statements for Northern Technologies International

This table shows Northern Technologies International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.90 1.70 0.98 1.84 0.56 0.43 0.12 -1.10 0.24 -0.04 -0.26
Consolidated Net Income / (Loss)		 1.08 1.87 1.16 2.21 0.79 0.60 0.33 -0.74 0.51 0.18 -0.02
Net Income / (Loss) Continuing Operations		 1.08 1.87 1.16 2.21 0.79 0.60 0.33 -0.74 0.51 0.18 -0.02
Total Pre-Tax Income 		1.31 2.16 1.49 2.69 1.01 0.88 0.74 0.40 0.77 0.25 0.38
Total Operating Income		 -0.97 -0.27 -1.09 0.73 -1.31 -0.33 -1.41 -1.24 -1.36 0.38 -2.04
Total Gross Profit		 7.33 8.34 7.89 10 8.16 6.80 8.26 8.46 8.38 7.86 8.14
Total Revenue		 20 21 21 23 21 19 22 22 23 22 24
Operating Revenue		 20 21 21 23 21 19 22 22 23 22 24
Total Cost of Revenue		 13 13 13 13 13 12 13 14 15 14 16
Operating Cost of Revenue		 13 13 13 13 13 12 13 14 15 14 16
Total Operating Expenses		 8.31 8.61 8.98 9.49 9.47 8.82 9.67 9.70 9.74 9.50 10
Selling, General & Admin Expense		 7.20 7.37 7.73 8.28 8.13 7.53 8.53 8.43 8.52 8.33 8.97
Research & Development Expense		 1.11 1.24 1.25 1.21 1.34 1.29 1.14 1.27 1.22 1.18 1.21
Total Other Income / (Expense), net		 2.29 2.43 2.57 1.96 2.32 2.90 2.15 1.64 2.13 1.90 2.41
Interest Expense		 0.11 0.08 0.06 0.09 0.12 0.14 0.16 0.18 0.20 0.20 0.20
Interest & Investment Income		 1.15 1.21 1.42 0.57 1.16 0.83 1.01 0.85 1.26 1.17 1.58
Other Income / (Expense), net		 1.25 1.30 1.21 1.49 1.28 2.21 1.30 0.96 1.07 0.93 1.03
Income Tax Expense		 0.23 0.29 0.33 0.48 0.22 0.28 0.41 1.14 0.27 0.08 0.39
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.19 0.17 0.18 0.38 0.23 0.17 0.21 0.36 0.27 0.21 0.25
Basic Earnings per Share		 $0.09 $0.18 $0.10 $0.20 $0.06 $0.05 $0.01 ($0.12) $0.03 $0.00 ($0.03)
Weighted Average Basic Shares Outstanding		 9.43M 9.43M 9.43M 9.43M 9.47M 9.47M 9.47M 9.48M 9.48M 9.49M 9.50M
Diluted Earnings per Share		 $0.09 $0.17 $0.10 $0.19 $0.06 $0.04 $0.01 ($0.11) $0.03 $0.00 ($0.03)
Weighted Average Diluted Shares Outstanding		 9.71M 9.72M 10.02M 9.83M 9.75M 9.75M 9.54M 9.64M 9.49M 9.49M 9.50M
Weighted Average Basic & Diluted Shares Outstanding		 9.43M 9.43M 9.44M 9.47M 9.47M 9.47M 9.47M 9.48M 9.49M 9.49M 9.50M
Cash Dividends to Common per Share		 $0.07 $0.07 $0.07 $0.07 $0.07 $0.07 $0.01 $0.01 $0.01 $0.01 $0.00

Annual Cash Flow Statements for Northern Technologies International

This table details how cash moves in and out of Northern Technologies International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Net Change in Cash & Equivalents		 0.15 0.77 2.96 -2.20 1.69 2.53 1.28 -2.35 0.07 -0.45 2.30
Net Cash From Operating Activities		 -0.76 2.06 5.74 0.61 5.48 4.91 2.89 1.15 5.54 5.88 2.44
Net Cash From Continuing Operating Activities		 -0.76 2.06 5.74 0.61 5.48 4.91 2.89 1.15 5.54 5.88 2.44
Net Income / (Loss) Continuing Operations		 2.52 -1.20 3.92 7.22 5.82 -0.93 7.00 7.19 4.24 6.32 0.99
Consolidated Net Income / (Loss)		 2.52 -1.20 3.92 7.22 5.82 -0.93 7.00 7.19 4.24 6.32 0.99
Depreciation Expense		 0.53 0.66 0.79 0.85 0.84 0.84 0.91 0.94 1.04 1.16 0.98
Amortization Expense		 0.09 0.12 0.12 0.25 0.26 0.23 0.20 0.63 0.59 0.60 0.78
Non-Cash Adjustments To Reconcile Net Income		 -1.63 2.24 0.03 -7.92 -0.81 5.31 -6.63 -4.39 -0.91 1.97 -0.45
Changes in Operating Assets and Liabilities, net		 -2.26 0.23 0.87 0.20 -0.63 -0.53 1.42 -3.22 0.58 -4.16 0.15
Net Cash From Investing Activities		 1.90 -1.00 -2.61 -0.30 -1.34 -2.78 -0.10 -7.11 -3.34 -3.42 -3.93
Net Cash From Continuing Investing Activities		 1.90 -1.00 -2.61 -0.30 -1.34 -0.81 -0.10 -7.11 -3.34 -3.42 -3.93
Purchase of Property, Plant & Equipment		 -1.44 -0.64 -0.92 -0.68 -0.96 -0.71 -5.53 -1.50 -3.25 -1.92 -1.53
Acquisitions		 -0.15 -0.14 -0.16 -0.09 -0.11 -0.10 -0.11 -5.61 -0.11 -1.50 -2.42
Sale of Property, Plant & Equipment		 - - - - 0.00 0.00 - 0.00 0.01 0.00 0.02
Net Cash From Financing Activities		 -0.87 -0.27 -0.23 -2.37 -2.39 -1.52 -1.52 3.19 -2.05 -2.96 3.86
Net Cash From Continuing Financing Activities		 -0.87 -0.27 -0.23 -2.37 -2.39 -1.52 -1.52 3.19 -2.05 -2.96 3.86
Repayment of Debt		 - - - - - - - 0.00 -2.30 -37 -27
Payment of Dividends		 -1.16 -0.20 -0.20 -2.42 -2.58 -1.58 -2.18 -2.98 -3.28 -3.90 -1.80
Issuance of Debt		 - - - - - - 0.00 5.90 2.81 38 33
Issuance of Common Equity		 0.07 0.07 0.05 0.03 0.19 0.06 0.07 0.07 0.08 0.08 0.08
Other Financing Activities, net		 0.24 0.00 0.12 0.02 0.00 0.00 0.58 0.20 0.64 0.17 0.00
Effect of Exchange Rate Changes		 -0.12 -0.02 0.06 -0.13 -0.05 -0.06 0.01 0.43 -0.07 0.04 -0.08

Quarterly Cash Flow Statements for Northern Technologies International

This table details how cash moves in and out of Northern Technologies International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
Net Change in Cash & Equivalents		 0.69 -0.18 0.96 -1.92 0.62 -0.48 1.68 0.48 -0.86 0.08 0.81
Net Cash From Operating Activities		 3.08 2.57 1.94 -1.70 2.40 0.80 0.61 -1.37 0.34 -1.72 0.62
Net Cash From Continuing Operating Activities		 2.28 3.36 1.94 -1.70 2.40 0.80 0.61 -1.37 0.34 -1.72 0.62
Net Income / (Loss) Continuing Operations		 1.08 1.87 1.16 2.21 0.79 0.60 0.33 -0.74 0.51 0.18 -0.02
Consolidated Net Income / (Loss)		 1.08 1.87 1.16 2.21 0.79 0.60 0.33 -0.74 0.51 0.18 -0.02
Depreciation Expense		 0.31 0.29 0.29 0.27 0.27 0.25 0.23 0.23 0.25 0.25 0.28
Amortization Expense		 0.15 0.15 0.15 0.15 0.15 0.16 0.22 0.25 0.23 0.23 0.24
Non-Cash Adjustments To Reconcile Net Income		 1.68 1.38 0.06 -1.15 -0.72 0.63 0.10 -0.46 -0.60 0.52 -1.02
Changes in Operating Assets and Liabilities, net		 -0.94 -0.32 0.29 -3.19 1.91 -0.84 -0.27 -0.64 -0.05 -2.91 1.14
Net Cash From Investing Activities		 -0.42 -1.08 -1.10 -0.82 -1.26 -1.32 -0.80 -0.55 -0.82 -0.22 -0.20
Net Cash From Continuing Investing Activities		 -0.42 -1.08 -1.10 -0.82 -1.26 -1.32 -0.80 -0.55 -0.82 -0.22 -0.20
Purchase of Property, Plant & Equipment		 -0.39 -1.05 -1.07 0.60 -1.22 0.51 -0.78 -0.04 -0.82 -0.18 -0.05
Acquisitions		 -0.03 -0.03 -0.02 -1.41 -0.04 -1.85 -0.02 -0.52 0.00 -0.04 -0.15
Net Cash From Financing Activities		 -2.02 -2.74 0.17 1.63 -0.39 0.07 1.78 2.40 -0.38 1.94 0.40
Net Cash From Continuing Financing Activities		 -1.22 -2.47 0.17 0.56 -0.39 0.07 1.78 2.40 -0.38 1.94 0.40
Repayment of Debt		 - - - -6.22 -8.17 -7.66 -5.42 -5.69 -6.52 -6.00 -6.28
Payment of Dividends		 -0.66 -0.66 -0.66 -1.92 -0.66 -0.76 -0.27 -0.09 -0.21 -0.19 -0.10
Issuance of Debt		 -0.60 -1.81 32 8.53 8.40 8.50 7.44 8.19 6.31 8.14 6.75
Issuance of Common Equity		 0.04 - 0.04 - 0.04 - 0.04 - 0.03 - 0.03
Effect of Exchange Rate Changes		 0.05 - - - - - 0.09 -0.01 0.00 0.09 -0.02

Annual Balance Sheets for Northern Technologies International

This table presents Northern Technologies International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Total Assets		 52 51 57 64 68 66 74 86 89 95 103
Total Current Assets		 19 21 26 31 33 33 34 40 40 42 44
Cash & Equivalents		 - - - 4.16 5.86 6.40 7.68 5.33 5.41 4.95 7.25
Accounts Receivable		 - - - - 11 - 11 15 - 19 18
Inventories, net		 7.47 7.71 7.46 9.13 10 11 11 16 13 14 16
Prepaid Expenses		 0.41 0.42 0.44 1.66 1.06 0.80 1.30 1.95 1.73 1.42 1.71
Current Deferred & Refundable Income Taxes		 0.62 0.22 0.14 0.27 0.46 0.02 0.39 0.00 0.33 0.39 0.34
Other Current Assets		 6.12 6.95 7.91 12 1.27 15 2.13 1.77 19 1.24 1.08
Plant, Property, & Equipment, net		 7.29 7.28 7.36 7.17 7.36 7.11 12 12 14 16 15
Total Noncurrent Assets		 25 23 23 26 27 26 29 34 36 37 43
Long-Term Investments		 22 20 20 23 24 24 28 22 24 25 29
Goodwill		 - - - - - - 0.00 4.78 4.78 4.78 4.78
Intangible Assets		 1.26 1.28 1.32 1.16 1.01 0.80 0.71 6.63 6.16 5.68 8.83
Noncurrent Deferred & Refundable Income Taxes		 1.18 1.64 1.76 1.55 1.63 0.21 0.09 0.00 0.53 0.54 0.50
Other Noncurrent Operating Assets		 0.13 0.09 0.07 0.15 0.00 0.66 0.38 0.56 0.43 0.42 0.49
Total Liabilities & Shareholders' Equity		 52 51 57 64 68 66 74 86 89 95 103
Total Liabilities		 3.67 3.99 4.89 7.73 7.84 6.37 8.62 19 19 20 26
Total Current Liabilities		 3.67 3.99 4.89 7.73 7.84 6.10 8.52 17 17 18 24
Short-Term Debt		 - - - - - - 0.00 5.90 6.36 7.11 12
Accounts Payable		 2.10 2.75 2.68 3.91 4.51 3.21 4.29 7.80 6.06 6.39 8.04
Accrued Expenses		 0.51 0.30 0.68 1.01 1.47 0.88 0.89 0.67 1.16 0.57 1.07
Current Deferred & Payable Income Tax Liabilities		 - - 0.00 0.07 0.01 0.31 0.18 0.03 0.50 0.33 0.41
Current Employee Benefit Liabilities		 1.06 0.94 1.54 2.75 1.86 1.31 2.88 2.30 2.31 3.16 1.84
Other Current Liabilities		 - - - - 0.00 0.39 0.27 0.37 0.34 0.33 0.34
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.00 0.27 0.10 1.88 1.92 1.60 2.13
Long-Term Debt		 - - - - - - - - - 0.00 0.47
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 1.70 1.84 1.50 1.51
Other Noncurrent Operating Liabilities		 - - - - 0.00 0.27 0.10 0.18 0.09 0.10 0.15
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 48 47 52 56 60 60 66 67 71 75 77
Total Preferred & Common Equity		 45 45 49 53 57 57 62 64 66 71 72
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 45 45 49 53 57 57 62 64 66 71 72
Common Stock		 14 14 14 15 16 18 19 20 22 24 25
Retained Earnings		 35 34 37 42 45 42 47 51 51 54 52
Accumulated Other Comprehensive Income / (Loss)		 -3.18 -3.01 -2.47 -3.60 -4.59 -3.41 -3.53 -7.25 -6.82 -6.38 -5.37
Noncontrolling Interest		 3.02 2.54 2.86 2.74 3.07 3.05 3.38 3.65 4.34 3.98 4.56

Quarterly Balance Sheets for Northern Technologies International

This table presents Northern Technologies International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 11/30/2024 2/28/2025 5/31/2025 11/30/2025 2/28/2026 5/31/2026
Total Assets		 89 87 89 94 94 99 104 105 107
Total Current Assets		 38 37 38 40 40 43 45 45 48
Cash & Equivalents		 6.09 4.84 5.79 5.57 5.09 6.77 6.39 6.47 7.28
Accounts Receivable		 14 15 14 16 15 17 18 18 19
Inventories, net		 13 13 13 14 15 15 16 17 16
Prepaid Expenses		 3.02 2.53 2.17 2.45 2.26 2.19 2.30 2.61 3.01
Current Deferred & Refundable Income Taxes		 0.00 0.00 0.46 0.69 0.91 0.99 0.59 0.70 1.00
Other Current Assets		 2.32 2.63 1.86 1.17 0.96 1.11 1.03 0.90 1.96
Plant, Property, & Equipment, net		 14 15 16 17 15 15 16 16 15
Total Noncurrent Assets		 36 35 36 37 39 41 44 44 44
Long-Term Investments		 25 23 24 25 25 27 29 30 30
Goodwill		 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78
Intangible Assets		 6.04 5.93 5.80 5.57 8.67 8.46 8.59 8.40 8.31
Noncurrent Deferred & Refundable Income Taxes		 0.52 0.50 0.57 0.51 0.47 0.49 0.45 0.43 0.45
Other Noncurrent Operating Assets		 0.33 0.34 0.31 0.32 0.30 0.37 0.50 0.40 0.59
Total Liabilities & Shareholders' Equity		 89 87 89 94 94 99 104 105 107
Total Liabilities		 18 15 17 20 20 23 27 27 30
Total Current Liabilities		 16 13 15 18 18 21 25 25 28
Short-Term Debt		 5.81 3.98 4.75 7.28 8.10 10 12 14 15
Accounts Payable		 6.35 6.49 6.27 6.56 7.26 7.23 9.67 8.27 9.35
Accrued Expenses		 1.83 1.28 1.29 1.09 0.69 1.19 0.72 0.55 0.88
Current Deferred & Payable Income Tax Liabilities		 0.02 0.01 0.02 0.26 0.23 0.32 0.37 0.19 0.45
Current Employee Benefit Liabilities		 1.60 1.43 2.22 2.71 1.78 1.97 2.12 1.57 1.90
Other Current Liabilities		 0.23 0.17 0.25 0.22 0.16 0.08 0.29 0.18 0.43
Total Noncurrent Liabilities		 1.93 2.00 1.90 1.61 1.64 1.79 2.17 2.16 2.06
Long-Term Debt		 - - - - - - 0.45 0.42 0.39
Noncurrent Deferred & Payable Income Tax Liabilities		 1.84 1.84 1.84 1.50 1.50 1.50 1.51 1.51 1.51
Other Noncurrent Operating Liabilities		 0.10 0.17 0.06 0.11 0.14 0.28 0.21 0.22 0.16
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Equity & Noncontrolling Interests		 71 72 73 74 74 77 77 78 77
Total Preferred & Common Equity		 67 68 69 70 70 72 72 73 73
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 67 68 69 70 70 72 72 73 73
Common Stock		 23 23 23 24 25 25 26 26 26
Retained Earnings		 51 52 53 54 53 53 52 52 52
Accumulated Other Comprehensive Income / (Loss)		 -6.52 -6.84 -7.04 -7.65 -8.22 -6.02 -5.64 -4.90 -5.43
Noncontrolling Interest		 3.73 3.60 3.72 4.09 4.10 4.22 4.31 4.44 4.46

Annual Metrics And Ratios for Northern Technologies International

This table displays calculated financial ratios and metrics derived from Northern Technologies International's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
DEI Shares Outstanding		 0.00 4,537,116.00 4,527,018.00 4,541,304.00 9,086,816.00 9,099,990.00 9,109,861.00 9,232,483.00 18,739,846.00 9,441,127.00 9,474,363.00
DEI Adjusted Shares Outstanding		 0.00 9,074,232.00 9,054,036.00 9,082,608.00 9,086,816.00 9,099,990.00 9,109,861.00 9,232,483.00 18,739,846.00 9,441,127.00 9,474,363.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.10 0.38 0.74 0.57 -0.15 0.69 0.69 0.16 0.57 0.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.03% 8.61% 20.15% 29.96% 8.41% -14.55% 18.59% 31.27% 7.75% 6.45% -0.97%
EBITDA Growth		 -264.15% -110.77% 91.42% 507.31% 382.21% -63.30% -30.38% 1.24% -39.77% 350.27% -71.44%
EBIT Growth		 -457.81% -91.96% 75.72% 137.76% 1,245.28% -73.37% -51.16% -50.78% -202.35% 943.65% -105.92%
NOPAT Growth		 -10.34% -8.57% 153.22% -229.08% 214.25% -114.82% -395.05% -0.38% -0.56% 68.85% -46.39%
Net Income Growth		 -54.55% -147.60% 427.51% 84.04% -19.48% -116.07% 848.51% 2.70% -41.03% 49.17% -84.40%
EPS Growth		 -57.78% -150.00% 494.74% 84.04% -23.61% -127.27% 526.67% 3.13% -54.55% 83.33% -100.00%
Operating Cash Flow Growth		 -110.18% 372.07% 179.03% -89.39% 799.81% -10.31% -41.11% -60.38% 383.49% 6.17% -58.48%
Free Cash Flow Firm Growth		 -7.63% 9.19% 148.59% -325.33% 157.64% -178.53% -35.56% -262.76% 68.58% 14.40% 34.00%
Invested Capital Growth		 11.71% 3.75% -0.19% 17.86% 2.50% 12.18% 4.21% 51.08% 4.25% 8.33% 3.02%
Revenue Q/Q Growth		 2.45% 4.49% 3.62% 8.08% -2.27% -6.70% 10.75% 6.83% 0.58% 3.20% -1.21%
EBITDA Q/Q Growth		 -118.16% -70.14% 88.68% 11.95% 717.62% -67.54% -77.82% 114.57% -40.47% 88.53% -61.22%
EBIT Q/Q Growth		 -75.64% -56.16% 70.08% 32.52% 379.93% -76.92% -88.97% 102.79% -199.44% 227.61% -109.48%
NOPAT Q/Q Growth		 -1.75% -24.90% 251.86% -209.06% 358.24% -118.24% -195.91% 65.71% -15.38% 59.66% 34.51%
Net Income Q/Q Growth		 -35.88% -229.82% 1,171.09% 11.78% -18.47% -155.24% 95.82% -10.25% 26.57% 6.14% -74.98%
EPS Q/Q Growth		 -43.28% -258.33% 476.92% 11.78% -23.61% -207.14% 106.45% -16.46% 11.11% 19.57% -100.00%
Operating Cash Flow Q/Q Growth		 -199.64% -9.11% 213.69% -78.01% 57.93% -14.90% -2.04% -68.32% 92.82% -38.84% 15.90%
Free Cash Flow Firm Q/Q Growth		 20.85% -63.73% 194.91% -385.66% 196.48% -180.23% -214.19% 35.09% 5.73% -100.96% 58.53%
Invested Capital Q/Q Growth		 -6.99% 0.62% -6.48% 3.45% -5.79% 6.99% 13.04% 2.08% -0.02% 9.78% 1.32%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 32.21% 32.23% 33.49% 33.56% 31.89% 33.65% 34.65% 31.11% 34.80% 39.72% 37.61%
EBITDA Margin		 -7.14% -13.86% -0.99% 3.10% 13.80% 5.93% 3.48% 2.68% 1.50% 6.35% 1.83%
Operating Margin		 -28.03% -31.83% 11.63% -10.99% 11.83% 3.33% -9.04% -7.21% -7.04% -1.89% -7.09%
EBIT Margin		 -9.18% -16.23% -3.28% 0.95% 11.83% 3.69% 1.52% 0.57% -0.54% 4.29% -0.26%
Profit (Net Income) Margin		 8.30% -3.64% 9.92% 14.05% 10.43% -1.96% 12.39% 9.69% 5.30% 7.43% 1.17%
Tax Burden Percent		 79.51% 209.43% 84.87% 89.18% 87.36% -53.73% 82.72% 79.32% 75.85% 82.66% 32.54%
Interest Burden Percent		 -113.71% 10.71% -356.26% 1,652.62% 100.98% 99.09% 986.27% 2,146.07% -1,293.15% 209.79% -1,404.80%
Effective Tax Rate		 20.49% 0.00% 15.13% 10.82% 12.65% 153.73% 17.28% 20.68% 24.15% 17.34% 67.46%
Return on Invested Capital (ROIC)		 -34.27% -34.60% 18.10% -21.47% 22.39% -3.09% -14.16% -11.09% -9.08% -2.66% -3.69%
ROIC Less NNEP Spread (ROIC-NNEP)		 -66.23% -57.97% 18.03% -61.96% 22.21% -2.83% -48.27% -51.49% -47.71% -35.92% -16.31%
Return on Net Nonoperating Assets (RNNOA)		 39.43% 32.08% -10.15% 34.90% -12.32% 1.52% 25.32% 21.90% 15.22% 11.33% 4.99%
Return on Equity (ROE)		 5.16% -2.52% 7.95% 13.43% 10.07% -1.57% 11.15% 10.81% 6.14% 8.67% 1.30%
Cash Return on Invested Capital (CROIC)		 -45.33% -38.29% 18.28% -37.86% 19.92% -14.57% -18.29% -51.78% -13.24% -10.66% -6.66%
Operating Return on Assets (OROA)		 -5.27% -10.42% -2.41% 0.82% 10.06% 2.63% 1.22% 0.53% -0.49% 3.96% -0.22%
Return on Assets (ROA)		 4.77% -2.34% 7.29% 12.02% 8.87% -1.40% 9.96% 8.95% 4.83% 6.87% 1.00%
Return on Common Equity (ROCE)		 4.80% -2.38% 7.51% 12.73% 9.56% -1.49% 10.58% 10.24% 5.79% 8.17% 1.23%
Return on Equity Simple (ROE_SIMPLE)		 5.61% -2.69% 8.03% 13.61% 10.28% -1.65% 11.22% 11.30% 6.39% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.76 -7.34 3.90 -5.04 5.76 -0.85 -4.22 -4.24 -4.26 -1.33 -1.94
NOPAT Margin		 -22.29% -22.28% 9.87% -9.80% 10.33% -1.79% -7.48% -5.72% -5.34% -1.56% -2.31%
Net Nonoperating Expense Percent (NNEP)		 31.97% 23.36% 0.07% 40.49% 0.18% -0.25% 34.10% 40.40% 38.63% 33.26% 12.62%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -1.61% -2.18%
Cost of Revenue to Revenue		 67.79% 67.77% 66.51% 66.44% 68.11% 66.35% 65.35% 68.89% 65.20% 60.28% 62.39%
SG&A Expenses to Revenue		 40.74% 43.99% 23.46% 37.70% 36.45% 40.61% 35.90% 31.88% 35.61% 35.96% 38.72%
R&D to Revenue		 13.35% 14.35% 7.36% 6.85% 6.86% 8.35% 7.79% 6.44% 6.22% 5.65% 5.98%
Operating Expenses to Revenue		 60.24% 64.06% 50.55% 44.55% 20.07% 30.31% 43.69% 38.32% 41.83% 41.61% 44.70%
Earnings before Interest and Taxes (EBIT)		 -2.78 -5.34 -1.30 0.49 6.59 1.76 0.86 0.42 -0.43 3.65 -0.22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.17 -4.57 -0.39 1.60 7.70 2.82 1.97 1.99 1.20 5.40 1.54
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.63 0.73 1.41 1.63 1.25 2.30 1.65 1.77 1.70 0.96
Price to Tangible Book Value (P/TBV)		 0.00 0.65 0.75 1.44 1.66 1.26 2.33 2.02 2.13 2.00 1.18
Price to Revenue (P/Rev)		 0.00 0.85 0.90 1.45 1.65 1.48 2.54 1.42 1.47 1.43 0.82
Price to Earnings (P/E)		 0.00 0.00 10.38 11.16 17.66 0.00 22.86 16.63 40.44 22.41 3,928.78
Dividend Yield		 0.00% 0.00% 0.00% 1.21% 2.86% 3.22% 1.24% 2.46% 2.23% 2.16% 2.17%
Earnings Yield		 0.00% 0.00% 9.64% 8.96% 5.66% 0.00% 4.38% 6.01% 2.47% 4.46% 0.03%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.24 0.38 1.86 2.36 1.48 3.67 1.90 2.07 1.96 0.95
Enterprise Value to Revenue (EV/Rev)		 0.00 0.16 0.21 0.92 1.10 0.91 1.98 1.18 1.24 1.20 0.60
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 29.53 7.98 15.29 56.78 43.98 82.87 18.89 32.81
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 96.18 9.32 24.59 130.17 207.37 0.00 27.97 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 2.10 0.00 10.67 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 2.50 1.43 77.43 11.22 8.79 38.59 76.39 17.93 17.33 20.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 2.08 0.00 11.99 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.09 0.09 0.17
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Financial Leverage		 -0.60 -0.55 -0.56 -0.56 -0.55 -0.54 -0.52 -0.43 -0.32 -0.32 -0.31
Leverage Ratio		 1.08 1.08 1.09 1.12 1.13 1.12 1.12 1.21 1.27 1.26 1.30
Compound Leverage Factor		 -1.23 0.12 -3.88 18.47 1.15 1.11 11.04 25.91 -16.46 2.65 -18.26
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.07% 8.25% 8.64% 14.16%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.07% 8.25% 8.64% 13.64%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.31% 5.40% 5.53% 4.91% 5.15% 5.10% 5.14% 4.99% 5.64% 4.84% 5.11%
Common Equity to Total Capital		 93.70% 94.60% 94.48% 95.09% 94.85% 94.90% 94.86% 86.94% 86.11% 86.52% 80.73%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.96 5.30 1.32 8.21
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -10.68 -18.98 -4.30 -15.05
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.30
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.39 -1.49 -5.36 -6.51
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.01 5.34 17.50 11.94
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.24
Altman Z-Score		 0.00 5.84 6.34 8.00 9.57 8.85 12.08 5.35 5.78 5.85 3.36
Noncontrolling Interest Sharing Ratio		 7.03% 5.86% 5.46% 5.21% 5.04% 5.13% 5.12% 5.29% 5.79% 5.71% 5.63%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.25 5.24 5.33 3.95 4.25 5.45 3.96 2.36 2.37 2.32 1.86
Quick Ratio		 0.55 0.56 0.77 0.97 2.55 1.05 2.21 1.18 0.32 1.35 1.07
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -8.94 -8.12 3.95 -8.89 5.12 -4.02 -5.46 -20 -6.22 -5.32 -3.51
Operating Cash Flow to CapEx		 -52.51% 319.49% 621.91% 89.45% 570.32% 692.60% 52.29% 76.58% 171.31% 306.76% 162.17%
Free Cash Flow to Firm to Interest Expense		 -426.57 -612.27 193.56 -494.92 377.69 -250.96 -339.11 -222.10 -13.46 -15.65 -5.86
Operating Cash Flow to Interest Expense		 -36.05 155.01 281.41 33.89 403.70 306.35 179.84 12.86 12.00 17.30 4.07
Operating Cash Flow Less CapEx to Interest Expense		 -104.70 106.49 236.16 -4.00 332.92 262.12 -164.11 -3.94 4.99 11.66 1.56
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.57 0.64 0.73 0.86 0.85 0.71 0.80 0.92 0.91 0.92 0.85
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.71 0.00 0.00 4.48
Inventory Turnover		 3.06 2.94 3.47 4.12 3.87 2.95 3.34 3.72 3.54 3.73 3.51
Fixed Asset Turnover		 4.40 4.52 5.41 7.08 7.68 6.59 5.97 6.18 6.09 5.61 5.36
Accounts Payable Turnover		 9.50 9.19 9.69 10.38 9.03 8.20 9.85 8.45 7.52 8.24 7.28
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.89 0.00 0.00 81.53
Days Inventory Outstanding (DIO)		 119.23 124.12 105.19 88.60 94.30 123.85 109.12 98.08 103.12 97.84 103.88
Days Payable Outstanding (DPO)		 38.41 39.70 37.66 35.16 40.42 44.52 37.05 43.18 48.53 44.31 50.13
Cash Conversion Cycle (CCC)		 80.82 84.42 67.53 53.45 53.88 79.33 72.07 118.79 54.59 53.52 135.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 21 22 22 25 26 29 30 46 48 52 54
Invested Capital Turnover		 1.54 1.55 1.83 2.19 2.17 1.72 1.89 1.94 1.70 1.70 1.60
Increase / (Decrease) in Invested Capital		 2.18 0.78 -0.04 3.85 0.64 3.17 1.23 16 1.95 3.99 1.57
Enterprise Value (EV)		 0.00 5.14 8.20 47 61 43 112 88 99 102 51
Market Capitalization		 0.00 28 36 75 92 71 144 105 118 121 69
Book Value per Share		 $9.92 $9.82 $10.79 $11.69 $6.23 $6.23 $6.85 $6.89 $7.08 $7.54 $7.62
Tangible Book Value per Share		 $9.64 $9.53 $10.50 $11.43 $6.12 $6.14 $6.77 $5.65 $5.91 $6.43 $6.18
Total Capital		 48 47 52 56 60 60 66 73 77 82 89
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.90 6.36 7.11 13
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.47
Net Debt		 -27 -25 -30 -30 -34 -30 -35 -21 -23 -23 -23
Capital Expenditures (CapEx)		 1.44 0.64 0.92 0.68 0.96 0.71 5.53 1.50 3.23 1.92 1.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 11 11 11 15 16 21 18 24 24 26 25
Debt-free Net Working Capital (DFNWC)		 16 17 21 23 25 27 25 29 29 31 33
Net Working Capital (NWC)		 16 17 21 23 25 27 25 23 23 24 20
Net Nonoperating Expense (NNE)		 -9.28 -6.14 -0.02 -12 -0.06 0.08 -11 -11 -8.50 -7.65 -2.93
Net Nonoperating Obligations (NNO)		 -27 -25 -30 -30 -34 -30 -35 -21 -23 -23 -23
Total Depreciation and Amortization (D&A)		 0.62 0.78 0.91 1.11 1.10 1.07 1.11 1.57 1.63 1.75 1.76
Debt-free, Cash-free Net Working Capital to Revenue		 36.12% 34.34% 27.92% 29.90% 28.77% 43.46% 31.06% 32.00% 29.91% 30.38% 30.13%
Debt-free Net Working Capital to Revenue		 51.46% 51.46% 53.51% 44.41% 45.67% 56.90% 44.66% 39.20% 36.68% 36.20% 38.73%
Net Working Capital to Revenue		 51.46% 51.46% 53.51% 44.41% 45.67% 56.90% 44.66% 31.24% 28.72% 27.84% 24.26%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.20 ($0.10) $0.38 $0.74 $0.57 ($0.15) $0.69 $0.69 $0.31 $0.57 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 9.04M 9.08M 9.06M 9.08M 9.09M 9.10M 9.12M 9.22M 9.36M 9.43M 9.48M
Adjusted Diluted Earnings per Share		 $0.19 ($0.10) $0.38 $0.72 $0.55 ($0.15) $0.64 $0.66 $0.30 $0.55 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 9.30M 9.08M 9.15M 9.37M 9.42M 9.10M 9.87M 9.64M 9.69M 9.83M 9.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.08M 9.07M 9.07M 9.08M 9.09M 9.10M 9.19M 9.37M 9.43M 9.47M 9.48M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.76 -6.02 3.90 -5.04 5.76 1.11 -4.22 -4.24 -4.26 -1.33 -4.18
Normalized NOPAT Margin		 -22.29% -18.28% 9.87% -9.80% 10.33% 2.33% -7.48% -5.72% -5.34% -1.56% -4.97%
Pre Tax Income Margin		 10.44% -1.74% 11.69% 15.75% 11.94% 3.65% 14.97% 12.22% 6.99% 8.99% 3.60%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -132.84 -403.05 -63.68 27.28 485.94 109.51 53.32 4.74 -0.94 10.72 -0.36
NOPAT to Interest Expense		 -322.46 -553.34 191.59 -280.63 424.49 -53.22 -262.59 -47.59 -9.23 -3.90 -3.24
EBIT Less CapEx to Interest Expense		 -201.49 -451.57 -108.93 -10.60 415.16 65.28 -290.63 -12.06 -7.94 5.08 -2.87
NOPAT Less CapEx to Interest Expense		 -391.11 -601.86 146.34 -318.51 353.71 -97.45 -606.54 -64.39 -16.24 -9.54 -5.75
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 46.08% -16.69% 5.10% 33.44% 44.37% -169.26% 31.17% 41.52% 77.40% 61.65% 182.01%
Augmented Payout Ratio		 47.05% -28.28% 10.10% 33.44% 44.37% -169.26% 31.17% 41.52% 77.40% 61.65% 182.01%

Quarterly Metrics And Ratios for Northern Technologies International

This table displays calculated financial ratios and metrics derived from Northern Technologies International's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
DEI Shares Outstanding		 18,739,846.00 9,427,598.00 9,427,598.00 9,441,127.00 9,470,507.00 9,470,507.00 9,474,363.00 9,474,363.00 9,480,689.00 9,492,001.00 9,492,001.00
DEI Adjusted Shares Outstanding		 18,739,846.00 9,427,598.00 9,427,598.00 9,441,127.00 9,470,507.00 9,470,507.00 9,474,363.00 9,474,363.00 9,480,689.00 9,492,001.00 9,492,001.00
DEI Earnings Per Adjusted Shares Outstanding		 0.05 0.18 0.10 0.19 0.06 0.05 0.01 -0.12 0.03 0.00 -0.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.15% 14.08% -1.35% 12.75% 5.73% -8.49% 3.98% -4.43% 9.23% 15.34% 12.59%
EBITDA Growth		 1,333.09% 2,434.61% -42.89% 2,385.43% -46.22% 55.96% -38.37% -92.14% -50.87% -21.62% -238.94%
EBIT Growth		 176.20% 426.26% -77.29% 798.91% -108.36% 82.55% -181.08% -112.45% -1,158.55% -30.28% -871.47%
NOPAT Growth		 38.56% 79.52% -51.28% 144.78% -27.22% 3.95% 25.36% 285.19% 13.13% 217.24% 114.87%
Net Income Growth		 71.21% 259.29% -6.60% 19.79% -26.80% -67.75% -71.22% -133.57% -36.30% -70.76% -105.19%
EPS Growth		 80.00% 325.00% -9.09% 90.00% -33.33% -76.47% -90.00% -157.89% -50.00% -100.00% -400.00%
Operating Cash Flow Growth		 53.65% 1,168.53% 49.19% -183.56% -22.16% -68.68% -68.59% 19.71% -85.72% -314.48% 2.21%
Free Cash Flow Firm Growth		 120.44% 116.99% 94.23% -3.15% -481.18% -555.69% -2,973.33% 121.76% 29.04% 7.05% 68.90%
Invested Capital Growth		 -4.61% -2.47% -1.34% 8.33% 9.52% 8.79% 11.63% 3.02% 5.84% 8.44% 3.79%
Revenue Q/Q Growth		 -2.55% 3.27% -0.75% 12.87% -8.61% -10.62% 12.78% 3.75% 4.45% -5.63% 10.09%
EBITDA Q/Q Growth		 585.87% 101.17% -61.67% 370.00% -85.16% 483.41% -84.85% -40.09% -7.20% 830.79% -126.85%
EBIT Q/Q Growth		 186.50% 275.02% -87.63% 1,641.96% -101.03% 8,289.01% -105.49% -167.47% -4.59% 553.64% -176.55%
NOPAT Q/Q Growth		 39.72% 70.49% -254.20% 171.07% -271.22% 77.72% -175.23% 466.79% -138.61% 130.08% -65.10%
Net Income Q/Q Growth		 -41.26% 72.22% -38.17% 91.51% -64.11% -24.12% -44.83% -323.44% 168.10% -65.17% -109.79%
EPS Q/Q Growth		 -10.00% 88.89% -41.18% 90.00% -68.42% -33.33% -75.00% -1,200.00% 127.27% -100.00% 0.00%
Operating Cash Flow Q/Q Growth		 51.17% -16.60% -24.36% -187.63% 240.83% -66.44% -24.13% -323.96% 125.04% -604.14% 136.16%
Free Cash Flow Firm Q/Q Growth		 143.17% -31.81% -120.59% -1,601.85% -59.55% 18.49% -38.85% 112.05% -620.22% -6.77% 53.54%
Invested Capital Q/Q Growth		 -3.78% 3.24% -0.67% 9.78% -2.72% 2.55% 1.93% 1.32% -0.05% 5.07% -2.45%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 36.34% 40.01% 38.16% 43.77% 38.25% 35.63% 38.40% 37.90% 35.97% 35.72% 33.63%
EBITDA Margin		 3.61% 7.03% 2.72% 11.31% 1.84% 11.99% 1.61% 0.93% 0.83% 8.15% -1.99%
Operating Margin		 -4.83% -1.32% -5.25% 3.12% -6.13% -1.75% -6.54% -5.55% -5.83% 1.74% -8.41%
EBIT Margin		 1.36% 4.93% 0.61% 9.49% -0.11% 9.84% -0.48% -1.24% -1.24% 5.95% -4.14%
Profit (Net Income) Margin		 5.38% 8.97% 5.59% 9.48% 3.72% 3.16% 1.55% -3.33% 2.17% 0.80% -0.07%
Tax Burden Percent		 82.71% 86.60% 77.66% 82.25% 78.47% 68.65% 44.75% -186.34% 65.62% 70.01% -4.59%
Interest Burden Percent		 478.40% 209.84% 1,169.72% 121.42% -4,415.05% 46.77% -720.39% -144.52% -267.23% 19.23% -37.49%
Effective Tax Rate		 17.29% 13.40% 22.34% 17.75% 21.53% 31.35% 55.25% 286.34% 34.38% 29.99% 104.59%
Return on Invested Capital (ROIC)		 -6.78% -1.96% -7.05% 4.37% -8.57% -2.04% -4.98% 16.52% -6.34% 2.01% 0.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 -15.23% -11.49% -15.68% -2.65% -16.05% -5.62% -8.90% 29.65% -12.28% 2.43% 1.14%
Return on Net Nonoperating Assets (RNNOA)		 4.89% 3.61% 5.13% 0.83% 5.38% 1.79% 2.93% -9.07% 3.82% -0.70% -0.34%
Return on Equity (ROE)		 -1.88% 1.65% -1.92% 5.20% -3.20% -0.25% -2.05% 7.45% -2.51% 1.31% 0.32%
Cash Return on Invested Capital (CROIC)		 -3.44% -3.68% -5.56% -10.66% -12.38% -11.58% -14.42% -6.66% -8.58% -9.33% -3.24%
Operating Return on Assets (OROA)		 1.24% 4.69% 0.58% 8.77% -0.10% 9.18% -0.43% -1.05% -1.08% 5.34% -3.68%
Return on Assets (ROA)		 4.92% 8.52% 5.25% 8.76% 3.51% 2.95% 1.40% -2.84% 1.89% 0.72% -0.06%
Return on Common Equity (ROCE)		 -1.78% 1.57% -1.82% 4.91% -3.03% -0.23% -1.95% 7.03% -2.37% 1.24% 0.30%
Return on Equity Simple (ROE_SIMPLE)		 6.97% 8.83% 8.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.81 -0.24 -0.84 0.60 -1.03 -0.23 -0.63 2.31 -0.89 0.27 0.09
NOPAT Margin		 -3.99% -1.14% -4.07% 2.57% -4.81% -1.20% -2.92% 10.34% -3.82% 1.22% 0.39%
Net Nonoperating Expense Percent (NNEP)		 8.45% 9.53% 8.63% 7.02% 7.48% 3.59% 3.92% -13.14% 5.95% -0.42% -0.48%
Return On Investment Capital (ROIC_SIMPLE)		 -1.05% -0.31% -1.09% 0.73% -1.26% -0.28% -0.73% 2.58% -1.00% 0.29% 0.10%
Cost of Revenue to Revenue		 63.66% 59.99% 61.84% 56.23% 61.75% 64.37% 61.60% 62.10% 64.03% 64.28% 66.37%
SG&A Expenses to Revenue		 35.69% 35.37% 37.38% 35.47% 38.08% 39.49% 39.64% 37.77% 36.55% 37.85% 37.05%
R&D to Revenue		 5.48% 5.96% 6.02% 5.18% 6.30% 6.76% 5.29% 5.68% 5.24% 5.34% 4.98%
Operating Expenses to Revenue		 41.17% 41.33% 43.40% 40.65% 44.38% 46.24% 44.94% 43.45% 41.79% 43.20% 42.03%
Earnings before Interest and Taxes (EBIT)		 0.27 1.03 0.13 2.22 -0.02 1.88 -0.10 -0.28 -0.29 1.31 -1.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.73 1.47 0.56 2.64 0.39 2.29 0.35 0.21 0.19 1.79 -0.48
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.48 1.70 2.46 1.70 1.84 1.52 0.93 0.96 0.96 1.14 1.03
Price to Tangible Book Value (P/TBV)		 1.76 2.01 2.91 2.00 2.16 1.88 1.14 1.18 1.18 1.39 1.25
Price to Revenue (P/Rev)		 1.24 1.40 2.06 1.43 1.50 1.25 0.79 0.82 0.81 0.94 0.82
Price to Earnings (P/E)		 30.13 25.24 37.55 22.41 25.45 27.78 22.85 3,928.78 0.00 0.00 0.00
Dividend Yield		 2.63% 2.26% 1.55% 2.16% 2.03% 2.48% 3.05% 2.17% 1.34% 0.45% 0.50%
Earnings Yield		 3.32% 3.96% 2.66% 4.46% 3.93% 3.60% 4.38% 0.03% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.70 2.00 3.13 1.96 2.17 1.70 0.91 0.95 0.95 1.18 1.04
Enterprise Value to Revenue (EV/Rev)		 0.98 1.15 1.79 1.20 1.27 1.04 0.56 0.60 0.59 0.74 0.62
Enterprise Value to EBITDA (EV/EBITDA)		 41.80 28.99 51.66 18.89 21.62 14.94 8.46 32.81 37.85 78.18 2,835.15
Enterprise Value to EBIT (EV/EBIT)		 388.46 61.63 132.93 27.97 32.69 20.93 12.08 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 220.72
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.86 10.61 15.38 17.33 21.04 25.55 22.74 20.70 130.32 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 0.06 0.07 0.09 0.10 0.11 0.13 0.17 0.16 0.19 0.20
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01
Financial Leverage		 -0.32 -0.31 -0.33 -0.32 -0.33 -0.32 -0.33 -0.31 -0.31 -0.29 -0.30
Leverage Ratio		 1.26 1.24 1.24 1.26 1.26 1.24 1.26 1.30 1.31 1.31 1.34
Compound Leverage Factor		 6.01 2.60 14.50 1.53 -55.55 0.58 -9.11 -1.88 -3.51 0.25 -0.50
Debt to Total Capital		 7.56% 5.24% 6.14% 8.64% 8.92% 9.89% 11.70% 14.16% 13.99% 15.89% 16.41%
Short-Term Debt to Total Capital		 7.56% 5.24% 6.14% 8.64% 8.92% 9.89% 11.70% 13.64% 13.49% 15.43% 15.98%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.52% 0.50% 0.46% 0.42%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 4.85% 4.74% 4.81% 4.84% 5.02% 5.00% 4.87% 5.11% 4.84% 4.80% 4.82%
Common Equity to Total Capital		 87.59% 90.03% 89.04% 86.52% 86.06% 85.11% 83.43% 80.73% 81.18% 79.31% 78.77%
Debt to EBITDA		 3.10 1.21 1.66 1.32 1.44 1.38 1.79 8.21 9.29 17.32 755.47
Net Debt to EBITDA		 -13.26 -7.40 -8.82 -4.30 -4.70 -3.75 -4.19 -15.05 -17.29 -25.41 -1,119.21
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.30 0.33 0.50 19.39
Debt to NOPAT		 -1.51 -1.33 -1.44 -5.36 -4.57 -5.17 -5.91 -6.51 -8.27 -22.02 58.81
Net Debt to NOPAT		 6.46 8.15 7.67 17.50 14.94 14.05 13.85 11.94 15.39 32.31 -87.13
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.24 -0.30 -0.63 1.51
Altman Z-Score		 5.38 6.68 8.15 5.80 5.92 5.24 3.65 3.36 3.28 3.66 3.24
Noncontrolling Interest Sharing Ratio		 5.15% 5.00% 5.13% 5.71% 5.38% 5.28% 5.33% 5.63% 5.57% 5.63% 5.64%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.41 2.79 2.56 2.32 2.22 2.18 2.03 1.86 1.77 1.81 1.72
Quick Ratio		 1.28 1.47 1.36 1.35 1.20 1.13 1.12 1.07 0.98 0.98 0.93
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.42 0.97 -0.20 -3.40 -5.42 -4.42 -6.13 0.74 -3.84 -4.10 -1.91
Operating Cash Flow to CapEx		 787.47% 243.69% 181.14% 0.00% 196.38% 0.00% 78.07% -3,749.71% 41.61% -933.37% 1,341.30%
Free Cash Flow to Firm to Interest Expense		 12.79 12.46 -3.33 -37.19 -45.06 -31.73 -37.83 4.14 -19.22 -20.87 -9.35
Operating Cash Flow to Interest Expense		 27.69 33.00 32.38 -18.63 19.92 5.78 3.76 -7.65 1.71 -8.77 3.06
Operating Cash Flow Less CapEx to Interest Expense		 24.17 19.46 14.50 -12.09 9.78 9.44 -1.06 -7.86 -2.40 -9.70 2.83
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.92 0.95 0.94 0.92 0.94 0.93 0.90 0.85 0.87 0.90 0.89
Accounts Receivable Turnover		 5.65 5.61 5.64 0.00 5.69 5.59 5.50 4.48 5.03 5.33 5.20
Inventory Turnover		 3.70 3.74 3.78 3.73 3.83 3.73 3.68 3.51 3.57 3.57 3.84
Fixed Asset Turnover		 5.79 5.82 5.59 5.61 5.51 5.67 5.48 5.36 5.25 5.80 6.06
Accounts Payable Turnover		 8.11 8.11 9.36 8.24 7.99 7.48 7.68 7.28 6.69 7.24 7.12
Days Sales Outstanding (DSO)		 64.55 65.04 64.69 0.00 64.18 65.31 66.32 81.53 72.58 68.50 70.14
Days Inventory Outstanding (DIO)		 98.71 97.50 96.59 97.84 95.24 97.78 99.17 103.88 102.31 102.32 95.16
Days Payable Outstanding (DPO)		 45.00 45.01 39.00 44.31 45.67 48.82 47.55 50.13 54.52 50.44 51.29
Cash Conversion Cycle (CCC)		 118.26 117.54 122.28 53.52 113.75 114.26 117.94 135.28 120.37 120.38 114.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 46 48 47 52 51 52 53 54 53 56 55
Invested Capital Turnover		 1.70 1.71 1.73 1.70 1.78 1.70 1.70 1.60 1.66 1.65 1.71
Increase / (Decrease) in Invested Capital		 -2.23 -1.21 -0.64 3.99 4.39 4.19 5.50 1.57 2.95 4.37 2.00
Enterprise Value (EV)		 78 95 148 102 109 88 48 51 51 66 57
Market Capitalization		 100 116 169 121 129 106 67 69 70 83 75
Book Value per Share		 $7.14 $7.25 $7.30 $7.54 $7.41 $7.36 $7.64 $7.62 $7.63 $7.72 $7.67
Tangible Book Value per Share		 $5.99 $6.11 $6.18 $6.43 $6.32 $5.94 $6.24 $6.18 $6.22 $6.33 $6.29
Total Capital		 77 76 77 82 82 82 87 89 89 92 92
Total Debt		 5.81 3.98 4.75 7.11 7.28 8.10 10 13 12 15 15
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.47 0.45 0.42 0.39
Net Debt		 -25 -24 -25 -23 -24 -22 -24 -23 -23 -22 -22
Capital Expenditures (CapEx)		 0.39 1.05 1.07 -0.60 1.22 -0.51 0.78 0.04 0.82 0.18 0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 22 23 22 26 24 24 25 25 25 28 27
Debt-free Net Working Capital (DFNWC)		 28 28 28 31 29 30 32 33 31 34 35
Net Working Capital (NWC)		 22 24 23 24 22 21 22 20 19 20 20
Net Nonoperating Expense (NNE)		 -1.89 -2.11 -2.00 -1.61 -1.82 -0.83 -0.96 3.05 -1.40 0.09 0.11
Net Nonoperating Obligations (NNO)		 -25 -24 -25 -23 -24 -22 -24 -23 -23 -22 -22
Total Depreciation and Amortization (D&A)		 0.45 0.44 0.43 0.43 0.41 0.41 0.45 0.48 0.48 0.48 0.52
Debt-free, Cash-free Net Working Capital to Revenue		 27.62% 27.95% 26.77% 30.38% 27.71% 28.93% 29.36% 30.13% 29.09% 31.40% 29.94%
Debt-free Net Working Capital to Revenue		 35.22% 33.80% 33.80% 36.20% 34.17% 34.95% 37.31% 38.73% 36.50% 38.66% 37.86%
Net Working Capital to Revenue		 27.97% 28.99% 28.04% 27.84% 25.73% 25.36% 25.40% 24.26% 22.55% 22.67% 21.77%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.09 $0.18 $0.10 $0.20 $0.06 $0.05 $0.01 ($0.12) $0.03 $0.00 ($0.03)
Adjusted Weighted Average Basic Shares Outstanding		 9.43M 9.43M 9.43M 9.43M 9.47M 9.47M 9.47M 9.48M 9.48M 9.49M 9.50M
Adjusted Diluted Earnings per Share		 $0.09 $0.17 $0.10 $0.19 $0.06 $0.04 $0.01 ($0.11) $0.03 $0.00 ($0.03)
Adjusted Weighted Average Diluted Shares Outstanding		 9.71M 9.72M 10.02M 9.83M 9.75M 9.75M 9.54M 9.64M 9.49M 9.49M 9.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.43M 9.43M 9.44M 9.47M 9.47M 9.47M 9.47M 9.48M 9.49M 9.49M 9.50M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.81 -0.24 -0.84 0.60 -1.03 -0.23 -0.98 -0.87 -0.89 0.27 -1.42
Normalized NOPAT Margin		 -3.99% -1.14% -4.07% 2.57% -4.81% -1.20% -4.58% -3.88% -3.82% 1.22% -5.88%
Pre Tax Income Margin		 6.50% 10.35% 7.19% 11.52% 4.74% 4.60% 3.45% 1.79% 3.31% 1.14% 1.55%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.47 13.22 2.12 24.27 -0.19 13.49 -0.64 -1.55 -1.44 6.65 -4.91
NOPAT to Interest Expense		 -7.25 -3.06 -14.06 6.56 -8.53 -1.64 -3.88 12.93 -4.46 1.36 0.46
EBIT Less CapEx to Interest Expense		 -1.05 -0.32 -15.75 30.81 -10.34 17.16 -5.45 -1.75 -5.55 5.72 -5.14
NOPAT Less CapEx to Interest Expense		 -10.77 -16.60 -31.94 13.11 -18.68 2.03 -8.70 12.73 -8.56 0.42 0.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 68.34% 46.92% 45.97% 61.65% 64.68% 84.02% 91.77% 182.01% 192.98% 286.79% -774.90%
Augmented Payout Ratio		 68.34% 46.92% 45.97% 61.65% 64.68% 84.02% 91.77% 182.01% 192.98% 286.79% -774.90%

Financials Breakdown Chart

Key Financial Trends

Northern Technologies International (NASDAQ: NTIC) showed a mixed but improving picture in Q3 2026, with strong operating cash generation offset by a quarterly net loss and continued reliance on debt financing. Revenue rose year over year, but operating expenses and acquisition-related spending kept earnings under pressure. The balance sheet still shows a sizeable equity base and meaningful cash, but leverage remains elevated.

  • Revenue continued to grow year over year in Q3 2026. Sales increased to $24.2 million from $21.5 million in Q3 2025, suggesting the top line remains intact.
  • Operating cash flow was solid in Q3 2026. NTIC generated $623 thousand of cash from operations, a sharp improvement from a $1.7 million operating cash outflow in Q2 2026.
  • Cash and equivalents increased quarter over quarter. Cash rose to $7.3 million from $6.5 million in Q2 2026, helped by positive net cash flow.
  • Other income remained a major support to profitability. Interest and investment income plus other income totaled $2.4 million in Q3 2026, helping offset a large operating loss.
  • Gross profit held up reasonably well. Gross margin remained healthy enough to produce $8.1 million in gross profit on $24.2 million of revenue.
  • The company remains profitable on a pre-tax basis, but only barely in the latest quarter. Q3 2026 pre-tax income was just $376 thousand, showing how dependent results are on non-operating income.
  • Share count stayed relatively stable. Weighted average diluted shares were 9.5 million in Q3 2026, similar to recent quarters, so dilution has not been a major issue recently.
  • The balance sheet remains asset-rich. NTIC reported $107.1 million in assets, including $30.4 million in long-term investments and $72.8 million in equity attributable to common shareholders.
  • NTIC reported a net loss in Q3 2026. The company posted a consolidated loss of $17 thousand, and common shareholders saw a loss of $263 thousand after noncontrolling interests.
  • Operating profitability weakened significantly versus the prior year. Operating income was a loss of $2.0 million in Q3 2026 versus a loss of $1.4 million in Q3 2025, showing pressure from selling, general and administrative costs.
  • Debt remains a key risk. Short-term debt was $14.8 million and long-term debt was $389 thousand at the end of Q3 2026, while the company also repaid $6.3 million of debt during the quarter and issued $6.7 million of new debt.
  • Working capital appears tight relative to current liabilities. Current assets were $47.8 million versus current liabilities of $27.8 million, leaving limited cushion after accounting for inventory, receivables, and debt obligations.
  • Acquisition spending has been ongoing. NTIC spent $150 thousand on acquisitions in Q3 2026, following prior-quarter acquisition activity, which could continue to pressure cash if not accretive.

Bottom line: NTIC’s revenue trend is acceptable and cash flow improved in the latest quarter, but earnings remain inconsistent and leverage is still elevated. For retail investors, the key question is whether the company can turn its operating business back to consistent profitability without depending so heavily on interest income and debt-related financing.

07/26/26 07:23 AM ETAI Generated. May Contain Errors.

Northern Technologies International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Northern Technologies International's fiscal year ends in August. Their fiscal year 2025 ended on August 31, 2025.

Northern Technologies International's net income appears to be on an upward trend, with a most recent value of $986.39 thousand in 2025, falling from $2.52 million in 2015. The previous period was $6.32 million in 2024. Check out Northern Technologies International's forecast to explore projected trends and price targets.

Northern Technologies International's total operating income in 2025 was -$5.97 million, based on the following breakdown:
  • Total Gross Profit: $31.68 million
  • Total Operating Expenses: $37.65 million

Over the last 10 years, Northern Technologies International's total revenue changed from $30.32 million in 2015 to $84.23 million in 2025, a change of 177.8%.

Northern Technologies International's total liabilities were at $26.03 million at the end of 2025, a 33.5% increase from 2024, and a 609.0% increase since 2015.

In the past 10 years, Northern Technologies International's cash and equivalents has ranged from $0.00 in 2015 to $7.68 million in 2021, and is currently $7.25 million as of their latest financial filing in 2025.

Over the last 10 years, Northern Technologies International's book value per share changed from 9.92 in 2015 to 7.62 in 2025, a change of -23.3%.


Related Companies

Financial statements for NASDAQ:NTIC last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
The REAL Reason Trump is Invading Iran
For a moment… Forget about Trump’s ties to Israel. Forget about reports of Iran’s nuclear program. Be...
Banyan Hill Publishing | Sponsoredtc pixel
Universal basic income is not impossible. It exist (kind of)
Robert Kiyosaki, author of Rich Dad Poor Dad, is highlighting an income strategy he calls the Patriot Income P...
Freedom Financial | Sponsoredtc pixel
Oxford Club Analyst’s Urgent AI Warning
Alexander Green, Chief Investment Strategist at The Oxford Club, is sharing a private presentation with a warn...
The Oxford Club | Sponsoredtc pixel
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
Stansberry Research | Sponsoredtc pixel
Have you seen Elon’s new “supercurrency”? (It affects you)
Elon Musk just became the world's first trillionaire following the biggest IPO in history, giving him access t...
StocksToTrade | Sponsoredtc pixel
This tiny piece of glass could be bigger than GPUs
Jensen Huang says AI can't scale without it. Google Ventures calls it the future of AI compute. Sequoia Capita...
Brownstone Research | Sponsoredtc pixel
The trade I’ve been waiting for since 2011
Ross Givens, Director of Research at Traders Agency, is calling for gold to reach $10,000 an ounce this superc...
Traders Agency | Sponsoredtc pixel
A letter from Shannon Stansberry
Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down ye...
Porter & Company | Sponsoredtc pixel