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Northern Technologies International Corp (NTIC) stock

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NASDAQ: NTIC Nasdaq Specialty Chemicals Next results ~November 19, 2026

B Fundamentals grade

Northern Technologies International Corp is a US-listed company in the specialty chemicals industry. Its financial year ends in August.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($0.44) was left out of our combined valuation (it is 0.06x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($0.44) was left out of our combined valuation (it is 0.06x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Northern Technologies International Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds14 adding, 15 cuttingOf 6 active managers that changed their stake, 3 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Northern Technologies International files

Where Northern Technologies International stands after its latest 10-Q

Revenue for the twelve months to May 2026 was $92m, up 7.7% on a year earlier, faster than the 5.5% growth a quarter earlier. Free-cash-flow margin fell to -3.5% from 1.4% a year earlier. Operating margin narrowed to 3.0% from 5.2%. The diluted share count is down 2.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 2 financial-health checks.

Our model value for Northern Technologies International is under review, so past values are not shown until it is resolved.

Source: 10-Q filed July 9, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 19, 2026 (estimated)

Northern Technologies International Corp's trailing-twelve-month revenue grew 7.7% year on year, with a free-cash-flow margin of -3.5%. Where it stands out: change in share count of -2.4% ranks 4 of 37 specialty chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$0.4 per share in the base case (~$0.1–$0.9 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 150% in the quarter to 2026-05-31.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.

Things to watch

  • Burning cash. Free cash flow was -3.5% of revenue over the last 12 months.
  • Gross margin slipping. Gross margin is down 3.5 points on a year ago.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 33.3% over 90 days.

Latest results: FY2026 Q3

Filed July 9, 2026
Earnings per share
-$0.02 against an average estimate of $0.04: missed by 150.0%
Revenue
$24m, up 12.6% on a year earlier
Share reaction
-5.0% in the first session after the results on July 9, 2026, against +1.3% for the S&P 500
Next report
November 19, 2026; average EPS estimate $0.06

Northern Technologies International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.5%
  • 1 week-2.1%
  • 1 month-2.7%
  • This year-4.2%
  • 1 year+0.9%
  • 5 years-50.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$91.8M
Operating margin
3.0%
Net margin
-1.3%
EPS (TTM, diluted)
$-0.12

Growth

Revenue growth
+7.7%
Change in growth rate
+2.2 pts
Share count change
−2.4%

Cash

Free cash flow (TTM)
-$3.2M
FCF margin
-3.5%
Stock pay % of revenue
1.4%

Earnings

Last results
July 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Northern Technologies International Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($0.44) was left out of our combined valuation (it is 0.06x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Northern Technologies International Corp's free cash flow after stock-based pay ( $626,979, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Northern Technologies International Corp as an operating company, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.68 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$0.4 ~$0.1–$0.9 Left out: out of range vs price (0.06x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$5.2 ~$3.5–$7.7 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$3.9 ~$3.4–$4.7 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Northern Technologies International Corp with Specialty Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$6.05$7.67$16.11$9.87$7.56$15.36$11.10$12.44$12.93$7.38$7.49
Market value$55m$70m$151m$93m$69m$152m$107m$121m$127m$71m$71m
+ Net debt (− = net cash)−$3m−$6m−$4m−$6m−$6m−$8m$566110−$2m−$660576$3m$5m
Enterprise value$52m$64m$147m$87m$62m$144m$108m$119m$126m$74m$76m
Multiples
Price / sales 1.7x1.8x10.7x1.7x1.4x2.7x1.4x1.5x1.5x0.8x0.8x
Price / earnings —20.5x22.5x17.8x—24.1x16.9x41.4x23.5xn/m—
Price / free cash flow 38.9x14.6x—20.6x16.4x——52.6x32.1x77.6x—
EV / EBITDA 26.5x11.9x16.5x11.7x25.7x15.6x17.7x16.8x14.0x20.8x20.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Northern Technologies International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.5% of total assets over 10 years.

  • Pricing power 4 / 20

    Gross margin has been a median 33.8%, moving by 17.9 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 8.2%; its worst year was 3.0%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 7 of 10 years, at a median 3.1% of revenue.

  • Discipline 17 / 20

    The diluted share count rose 0.2% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 19, 2026, before the open. Analysts expect revenue of $25m and EPS of $0.06 (range $0.06 to $0.06) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.10 +10100% $95m +12%
Next $0.30 +200% $102m +7%

Next year's EPS estimate has moved −33.3% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −33.3% on 90 days ago. In the last 30 days, 1 analyst raised Northern Technologies International Corp's forecast and 0 cut it.

Consensus EPS forecast Northern Technologies International Corp, last 90 days
$0.00 $0.20 $0.40 $0.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.15 Current fiscal year, 60 days ago: $0.15 Current fiscal year, 30 days ago: $0.15 Current fiscal year, 7 days ago: $0.15 Current fiscal year, Now: $0.10 $0.10 Next fiscal year, 90 days ago: $0.45 Next fiscal year, 60 days ago: $0.45 Next fiscal year, 30 days ago: $0.45 Next fiscal year, 7 days ago: $0.45 Next fiscal year, Now: $0.30 $0.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.15$0.45
60 days ago $0.15$0.45
30 days ago $0.15$0.45
7 days ago $0.15$0.45
Now $0.10$0.30

Earnings against estimates

Quarter toEstimateActualSurprise
May 2026 $0.04 −$0.02 −150.0%
Feb 2026 $0.02 $0.01 −50.0%
Nov 2025 $0.05 $0.04 −20.0%
Aug 2025 $0.08 −$0.06 −180.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Northern Technologies International Corp's revenue by +7.4% next year and +6.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.8%, weight 45%) and the company's own record (+6.3%, weight 55%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering Northern Technologies International Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
1.6
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
30%
of shares
Held by insiders
19.2%
of shares
Employees
269
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +0.9%

$7.42 on October 31, 2025 to $7.49

ThenNowEffect
Revenue (last 12 months) $84m $92m +9.0%
P/S multiple 0.8x 0.8x −8.8%
Share count 10m 9m +1.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −37.8%

$12.03 on November 3, 2023 to $7.49

ThenNowEffect
Revenue (last 12 months) $80m $92m +14.9%
P/S multiple 1.5x 0.8x −46.9%
Share count 10m 9m +2.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NTIC+47%−11%−9%+17%−41%−4%
Industry peers (median)+17%−26%−8%+6%−13%+6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NTIC67%58%33%50%42%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NTIC−35%−39%−26%−37%−49%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 71% from July 13, 2018 to March 23, 2020. Getting back needed a 241% gain, reached on July 12, 2021, 476 days after the low.

Price behaviour

52-week range
$7.34 – $9.88
From 52-week high
−24.2%
vs 50-day average
−4.0%
vs 200-day average
−8.8%
Volatility (1 year)
31%
Beta vs S&P 500
0.10

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.6%
After a week
5 up, 7 down
typical move ±9.3%
After a month
5 up, 7 down
typical move ±12.5%
Results releasedNext dayS&P 500 next day5 days21 days
July 9, 2026 −5.0% +1.3% −5.2% −1.9%
April 9, 2026 0.0% +0.5% +2.6% −0.5%
January 8, 2026 +0.1% +0.7% +9.5% +0.2%
November 18, 2025 −6.4% −0.5% −5.9% −1.9%
July 11, 2025 −3.5% −0.2% −10.4% −17.1%
April 10, 2025 −21.1% −2.7% −28.8% −24.4%
January 8, 2025 +1.3% −1.4% +0.3% −13.3%
November 19, 2024 +4.7% +0.4% +0.7% +2.0%
July 11, 2024 −17.1% −0.2% −10.1% −20.0%
April 11, 2024 +14.5% −0.6% +27.5% +57.2%
January 11, 2024 +0.2% 0.0% −2.0% +7.1%
November 21, 2023 −5.0% +0.2% −8.3% +4.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Northern Technologies International Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Northern Technologies International Corp
$75M $80M $85M $90M $95M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $79.9M Revenue (TTM), FY24 Q1: $80.1M Revenue (TTM), FY24 Q2: $82.7M Revenue (TTM), FY24 Q3: $82.4M Revenue (TTM), FY24 Q4: $85.1M Revenue (TTM), FY25 Q1: $86.2M Revenue (TTM), FY25 Q2: $84.4M Revenue (TTM), FY25 Q3: $85.3M Revenue (TTM), FY25 Q4: $84.2M Revenue (TTM), FY26 Q1: $86.2M Revenue (TTM), FY26 Q2: $89.1M Revenue (TTM), FY26 Q3: $91.8M $91.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $79.9M
FY24 Q1 $80.1M
FY24 Q2 $82.7M
FY24 Q3 $82.4M
FY24 Q4 $85.1M
FY25 Q1 $86.2M
FY25 Q2 $84.4M
FY25 Q3 $85.3M
FY25 Q4 $84.2M
FY26 Q1 $86.2M
FY26 Q2 $89.1M
FY26 Q3 $91.8M
Revenue growth, TTM YoY Northern Technologies International Corp
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 7.7% Revenue growth, TTM YoY, FY24 Q1: 5.6% Revenue growth, TTM YoY, FY24 Q2: 6.8% Revenue growth, TTM YoY, FY24 Q3: 3.7% Revenue growth, TTM YoY, FY24 Q4: 6.5% Revenue growth, TTM YoY, FY25 Q1: 7.6% Revenue growth, TTM YoY, FY25 Q2: 2.1% Revenue growth, TTM YoY, FY25 Q3: 3.5% Revenue growth, TTM YoY, FY25 Q4: -1.0% Revenue growth, TTM YoY, FY26 Q1: -0.0% Revenue growth, TTM YoY, FY26 Q2: 5.5% Revenue growth, TTM YoY, FY26 Q3: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 7.7%
FY24 Q1 5.6%
FY24 Q2 6.8%
FY24 Q3 3.7%
FY24 Q4 6.5%
FY25 Q1 7.6%
FY25 Q2 2.1%
FY25 Q3 3.5%
FY25 Q4 -1.0%
FY26 Q1 -0.0%
FY26 Q2 5.5%
FY26 Q3 7.7%
Operating margin (TTM) Northern Technologies International Corp
0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.5% Operating margin (TTM), FY24 Q1: 8.2% Operating margin (TTM), FY24 Q2: 9.6% Operating margin (TTM), FY24 Q3: 9.2% Operating margin (TTM), FY24 Q4: 9.3% Operating margin (TTM), FY25 Q1: 8.8% Operating margin (TTM), FY25 Q2: 6.0% Operating margin (TTM), FY25 Q3: 5.2% Operating margin (TTM), FY25 Q4: 3.1% Operating margin (TTM), FY26 Q1: 2.8% Operating margin (TTM), FY26 Q2: 3.5% Operating margin (TTM), FY26 Q3: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.5%
FY24 Q1 8.2%
FY24 Q2 9.6%
FY24 Q3 9.2%
FY24 Q4 9.3%
FY25 Q1 8.8%
FY25 Q2 6.0%
FY25 Q3 5.2%
FY25 Q4 3.1%
FY26 Q1 2.8%
FY26 Q2 3.5%
FY26 Q3 3.0%
FCF margin (TTM) Northern Technologies International Corp
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 2.9% FCF margin (TTM), FY24 Q1: 4.2% FCF margin (TTM), FY24 Q2: 7.4% FCF margin (TTM), FY24 Q3: 7.8% FCF margin (TTM), FY24 Q4: 4.7% FCF margin (TTM), FY25 Q1: 2.8% FCF margin (TTM), FY25 Q2: 2.7% FCF margin (TTM), FY25 Q3: 1.4% FCF margin (TTM), FY25 Q4: 1.1% FCF margin (TTM), FY26 Q1: -0.9% FCF margin (TTM), FY26 Q2: -4.4% FCF margin (TTM), FY26 Q3: -3.5% -3.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 2.9%
FY24 Q1 4.2%
FY24 Q2 7.4%
FY24 Q3 7.8%
FY24 Q4 4.7%
FY25 Q1 2.8%
FY25 Q2 2.7%
FY25 Q3 1.4%
FY25 Q4 1.1%
FY26 Q1 -0.9%
FY26 Q2 -4.4%
FY26 Q3 -3.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Aug 2011 2012 Aug 2012 2013 Aug 2013 2014 Aug 2014 2015 Aug 2015 2016 Aug 2016 2017 Aug 2017 2018 Aug 2018 2019 Aug 2019 2020 Aug 2020 2021 Aug 2021 2022 Aug 2022 2023 Aug 2023 2024 Aug 2024 2025 Aug 2025 LTM May 2026
Income
Revenue 20 23 23 27 30 33 40 14 56 48 56 74 80 85 84 92
Gross profit 7 8 7 9 10 11 13 17 18 16 20 23 28 34 32 33
EBITDA 5 5 5 7 4 2 5 9 7 2 9 6 7 9 4 4
Operating income 5 5 5 7 3 1 5 8 7 2 8 5 6 8 3 3
Net income 4 3 3 4 2 −1 3 7 5 −1 6 6 3 5 0 −1
Diluted EPS $0.89 $0.78 $0.38 $0.90 $0.19 −$0.19 $0.75 $0.72 $0.55 −$0.15 $0.64 $0.66 $0.30 $0.55 $0.00 −$0.12
Growth (year on year)
Revenue — +16.7% −1.2% +19.2% +13.0% +8.6% +20.1% −64.4% +295.6% −14.5% +18.6% +31.3% +7.7% +6.5% −1.0% +7.7%
EBITDA — −0.8% +9.7% +32.4% −48.5% −47.2% +177.4% +64.6% −16.2% −67.4% +280.6% −34.0% +16.0% +27.8% −60.7% −30.5%
Operating income — −1.2% +8.6% +34.8% −52.9% −59.3% +258.7% +74.3% −17.8% −75.9% +424.1% −38.1% +16.9% +30.7% −67.3% −37.3%
Net income — −11.6% −2.4% +22.0% −56.4% −148.5% — +95.8% −22.3% −125.7% — +0.7% −54.0% +85.7% −99.7% −139.3%
Diluted EPS — −12.4% −51.9% +140.0% −78.9% −200.0% — −4.0% −23.6% −127.3% — +3.1% −54.5% +83.3% −100.0% −140.3%
Margins
Gross margin 34.6% 36.2% 31.2% 33.6% 32.2% 32.2% 33.5% — 31.9% 33.6% 34.6% 31.1% 34.8% 39.7% 37.6% 35.8%
EBITDA margin 25.4% 21.6% 24.0% 26.7% 12.1% 5.9% 13.6% 62.9% 13.3% 5.1% 16.3% 8.2% 8.8% 10.6% 4.2% 4.1%
Operating margin 23.7% 20.1% 22.1% 25.0% 10.4% 3.9% 11.6% 56.9% 11.8% 3.3% 14.7% 6.9% 7.5% 9.3% 3.1% 3.0%
Net margin 20.0% 15.1% 15.0% 15.3% 5.9% −2.6% 8.6% 47.5% 9.3% −2.8% 11.1% 8.5% 3.6% 6.4% 0.0% −1.3%
Free-cash-flow margin −8.7% −6.3% −12.1% −6.0% −7.2% 4.3% 12.2% −0.5% 8.1% 8.8% −4.7% −0.5% 2.9% 4.7% 1.1% −3.5%
Cash flow
Cash from operations −1 −0 −1 −0 −1 2 6 1 5 5 3 1 6 6 2 −2
Capital spending 1 1 1 2 1 1 1 1 1 1 6 1 3 2 2 1
Free cash flow −2 −1 −3 −2 −2 1 5 −0 5 4 −3 −0 2 4 1 −3
Stock-based pay 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1
Free cash flow after stock pay −2 −2 −3 −2 −3 1 4 −0 3 3 −3 −1 1 3 −0 −4
Balance sheet
Cash 3 4 4 2 3 3 6 4 6 6 8 5 5 5 7 7
Total debt 1 1 1 — 0 0 0 0 0 0 0 6 4 4 10 12
Net debt (negative = net cash) −2 −3 −3 −2 −3 −3 −6 −4 −6 −6 −8 1 −2 −1 3 5
Diluted shares 9m 9m 9m 9m 9m 9m 9m 9m 9m 9m 10m 10m 10m 10m 10m 9m
Returned to shareholders
Dividends — — — — — — — 2 2 1 2 3 3 3 2 0
Buybacks — — — — 0 0 0 — — — — — — — — —
Total returned — — — — 0 0 0 2 2 1 2 3 3 3 2 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · May 31, 2026
What it owns · $107m
Short-term assets $48mLonger-term assets $59m
What it owes, and who funded it · $101m
Short-term liabilities $28mShareholders' equity $73m
  • Short-term assets cover short-term liabilities $48m of assets due within a year against $28m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $3m against $778,945 of interest.

From Northern Technologies International Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$284,473
Diluted share count
−2.4%
year over year
Total shareholder yield
0.4%
dividends 0.4% + buybacks 0.0% of market value
R&D spending
5.3%
of revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated NTIC ARQ NL GEVO AMTX TANH Median
Revenue, last 12 months $92m $123m $162m $178m $220m $38m $906m
Revenue growth, last 12 months 7.7% 4.9% 6.0% 121.4% −1.7% −10.7% 5.4%
Revenue growth, 3-year average 5.0% 9.9% 0.3% 168.7% 5.8% −14.4% 0.9%
Revenue growth, latest quarter 12.6% 4.5% 8.0% 7.1% 20.0% — 8.3%
Gross margin 35.8% 28.8% 32.1% <−999% 10.9% 18.6% 28.8%
Operating margin 3.0% −43.0% 9.2% −102.8% −5.3% −31.8% 4.3%
Operating margin, 3-year average 5.8% −15.2% 14.4% −222.2% −13.1% −12.1% 5.5%
Net margin −1.3% −42.6% −15.8% −119.9% −27.4% −80.9% 0.8%
Cash from operations / revenue −2.3% −0.1% 6.9% −9.2% −1.6% −15.2% 6.9%
Free-cash-flow margin −3.5% −4.1% 5.0% −31.9% −17.9% −15.2% 4.3%
Free-cash-flow margin, 3-year average 1.9% −30.7% 0.8% −239.6% −14.3% −9.4% 5.1%
Stock pay / revenue 1.4% 3.1% — 5.5% 2.3% 0.0% 1.0%
Change in share count −2.4% 5.8% 0.0% 2.8% 28.8% 444.4% 0.1%

Median of all 42 companies we cover in specialty chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

42 specialty chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 7.7% 6.0% 15 of 42
Change in growth rate Growth +2.2pp +1.3pp 17 of 42
Gross margin Profitability 35.8% 31.5% 13 of 40
Operating margin Profitability 3.0% 3.8% 21 of 39
Net margin Profitability -1.3% 1.7% 23 of 42
Free-cash-flow margin Cash generation -3.5% 4.8% 30 of 42
Stock pay as % of revenue Cash generation 1.4% 1.0% 24 of 36
Change in share count Balance sheet -2.4% 0.0% 4 of 37

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to August 31, 2025
Segments
Line of business Revenue Share YoY
ZERUST $62.5M 74.2% ▼ 1.0%
Natur Tec $21.7M 25.8% ▼ 1.0%
Geography
Region Revenue YoY
Unaffiliated Customers Outside The USA $52.3M 0.0%
Inside The USA To Unaffiliated Customers $29.5M ▼ 3.1%
United States $29.5M ▼ 3.1%
India $22.6M ▲ 1.9%
China $16.2M ▲ 14.0%
Other Countries $9.3M ▼ 23.7%
Brazil $6.6M ▲ 9.6%
Joint Ventures In Which The Company Is A Shareholder Directly and Indirectly Outside The USA $2.4M ▲ 6.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From Northern Technologies International Corp's 10-K filed November 20, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$24.3M
Institutions reporting
44
Shares held vs prior quarter
▼ 6.8%
Positions opened / closed
5 / 7

Top buyers and sellers, Q2 2026: 14 institutions bought and 15 sold ; the biggest buyer was Needham Investment Management LLC (+35K shares) and the biggest seller Meros Investment Management, LP (−206K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Needham Investment Management LLC $6.8M 800K 28.1% ▲ 4.6%
Vanguard Capital Management LLC $3.4M 393K 13.8% ▲ 2.5%
Dimensional Fund Advisors LP $2.9M 336K 11.8% ▲ 0.7%
Peapod Lane Capital LLC $1.5M 176K 6.2% ▲ 23.5%
Ballast Advisors LLC $1.4M 159K 5.6% ▼ 7.2%
North Star Investment Management Corp. $1.3M 148K 5.2% 0.0%
Renaissance Technologies LLC $1M 123K 4.3% ▲ 3.2%
Dynamic Advisor Solutions LLC $784,909 92K 3.2% ▲ 4.1%
Geode Capital Management, LLC $762,611 89K 3.1% ▼ 2.7%
Acadian Asset Management LLC $601,000 70K 2.5% 0.0%
Rbf Capital, LLC $510,090 60K 2.1% 0.0%
Blackrock, Inc. $413,174 48K 1.7% ▲ 18.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Northern Technologies International Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $224,576 3 trades by 2 insiders · 0% under pre-set plans
Net ▼ $224,576 net selling
Insider Date Trade Shares Price Value
Lynch G Patrick President and CEO July 30, 2026 Sell 16,070 $8.00 $128,560
Lynch G Patrick President and CEO July 29, 2026 Sell 2 $8.10 $16
Nigon Richard Director July 20, 2026 Sell 12,000 $8.00 $96,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 9, 2026 estimated from the company's past filing pattern, not announced

  • July 9, 2026
  • April 9, 2026
  • January 8, 2026
  • November 18, 2025
  • July 11, 2025
  • April 10, 2025

Recent SEC filings

Data status

When each part of this page on Northern Technologies International Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Northern Technologies International Corp in brief

What does Northern Technologies International Corp do?
Northern Technologies International Corp is a US-listed company in the specialty chemicals industry. Its financial year ends in August.
What is Northern Technologies International Corp's stock ticker?
Northern Technologies International Corp trades under the ticker NTIC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Northern Technologies International Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Northern Technologies International Corp reported revenue of $91.8M, 7.7% higher than a year earlier, according to its SEC filings.
What is Northern Technologies International Corp's free cash flow?
Northern Technologies International Corp's free-cash-flow margin is -3.5% of revenue over the trailing twelve months, ranking 30 of the 42 specialty chemicals companies we cover.
Who are Northern Technologies International Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Needham Investment Management LLC, Vanguard Capital Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Northern Technologies International Corp's market cap?
On November 2, 2026, Northern Technologies International Corp's market capitalisation was about $71.1M and net debt of $4.9M. Market figures come from third-party market data and may be delayed.
Does Northern Technologies International Corp pay a dividend?
Yes: Northern Technologies International Corp paid $284,473 in dividends over the trailing twelve months, a dividend yield of 0.40%.
Who are Northern Technologies International Corp's competitors?
In our Specialty Chemicals peer group, the companies closest to Northern Technologies International Corp are Arq, Inc., NLI Holdings, Inc., Gevo, Inc., Aemetis, Inc and Tantech Holdings LTD. The side-by-side comparison below sets their revenue, margins and growth against Northern Technologies International Corp's.
Are insiders buying or selling Northern Technologies International Corp stock?
Over the last 12 months, Northern Technologies International Corp's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Northern Technologies International Corp's next earnings date?
Around November 19, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Northern Technologies International Corp announces its own schedule.