Arq vs Northern Technologies International
Arq is the larger business, with $120m of revenue in fiscal 2025 against $84.2m for Northern Technologies International (1.4 times as much). Arq grew faster (10.4% against -1.0%). Northern Technologies International kept more of each dollar of sales as profit: a net margin of 0.0% against -43.7%. Northern Technologies International carries less debt relative to equity (13.6% against 28.3%).
| Latest fiscal year | ArqARQ, 2025 | Northern Technologies InternationalNTIC, 2025 |
|---|---|---|
| Revenue | $120m | $84.2m |
| Revenue growth | 10.4% | -1.0% |
| Net income | −$52.6m | $17,619 |
| Operating margin | -44.0% | 3.1% |
| Net margin | -43.7% | 0.0% |
| Return on equity | -27.2% | 0.0% |
| Free cash flow | −$11.3m | $916,518 |
| Cash | $6.6m | $7.3m |
| Total debt | $47.7m | $9.8m |
| Debt to equity | 28.3% | 13.6% |
| Dividend per share | — | $0.16 |
| Dividend yield | — | 0.4% |
| Share buybacks | — | — |
| Employees | 202 | — |
| Market value | $78.3m | $73.9m |
| Price vs our value range | — | Above our value range |
| Moat score | 36 (Weak) | 39 (Weak) |
| Insider trades, 12 months | 15 buys, 1 sales | 0 buys, 3 sales |