For the twelve months ended May 31, 2026, Northern Technologies International Corporation reported $91.84M of revenue and -$1.16M of net income.
NTIC revenue was $24.22M in fiscal Q3 2026 (ended May 31, 2026), up 12.6% from a year earlier and up 10.1% from the prior quarter. For the full fiscal 2025 it was $84.23M, down 1.0% from fiscal 2024. Compound annual growth was +12.1% over 5 years and +10.8% over 10 years. It rose in 8 of the last 10 fiscal years.
NTIC net income was -$263.3K in fiscal Q3 2026 (ended May 31, 2026), compared with $121.8K a year earlier. For the full fiscal 2025 it was $17.6K, down 99.7% from fiscal 2024. Compound annual growth was -37.0% over 10 years. It rose in 2 of the last 4 fiscal years.
NTIC diluted EPS was -$0.03 in fiscal Q3 2026 (ended May 31, 2026), compared with $0.01 a year earlier. For the full fiscal 2025 it was $0.00, down 100.0% from fiscal 2024.
NTIC free cash flow was $576.7K in fiscal Q3 2026 (ended May 31, 2026), compared with -$171.2K a year earlier. For the full fiscal 2025 it was $916.5K, down 76.9% from fiscal 2024. Compound annual growth was -26.2% over 5 years.
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.23M | $85.06M | $79.90M | $74.16M | $56.49M | $47.64M | $55.75M | $51.42M | $39.57M | $32.93M |
| Cost of revenue | $52.56M | $51.27M | $52.10M | $51.09M | $36.92M | $31.61M | $37.97M | $34.17M | $26.32M | $22.32M |
| Gross profit | $31.68M | $33.79M | $27.80M | $23.07M | $19.57M | $16.03M | $17.78M | $17.26M | $13.25M | $10.61M |
| Research and development | $5.04M | $4.80M | $4.97M | $4.78M | $4.40M | $3.98M | $3.82M | $3.52M | $2.91M | $4.72M |
| Selling, general and admin | $14.79M | $14.18M | $13.17M | $10.60M | $8.26M | $8.69M | $9.35M | $8.50M | $7.81M | $8.23M |
| Operating income | $2.57M | $7.87M | $6.02M | $5.15M | $8.32M | $1.59M | $6.59M | $8.02M | $4.60M | $1.28M |
| Interest expense | $599.9K | $340.1K | $461.8K | $89.1K | $16.1K | $16.0K | $13.6K | $18.0K | $20.4K | $13.3K |
| Income tax | $2.05M | $1.33M | $1.35M | $1.87M | $1.46M | $2.67M | $841.8K | $876.1K | $699.5K | $626.1K |
| Net income | $17.6K | $5.41M | $2.91M | $6.32M | $6.28M | -$1.34M | $5.21M | $6.70M | $3.42M | -$867.5K |
| EPS, basic | $0.00 | $0.57 | $0.31 | $0.69 | $0.69 | -$0.15 | $0.57 | $0.74 | $0.38 | -$0.10 |
| EPS, diluted | $0.00 | $0.55 | $0.30 | $0.66 | $0.64 | -$0.15 | $0.55 | $0.72 | $0.38 | -$0.10 |
| Diluted shares | 9.6M | 9.8M | 9.7M | 9.6M | 9.9M | 9.1M | 9.4M | 9.4M | 9.2M | 9.1M |
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.25M | $4.95M | $5.41M | $5.33M | $7.68M | $6.40M | $5.86M | $4.16M | $6.36M | $3.40M |
| Inventory | $15.53M | $15.53M | $13.10M | $16.34M | $11.11M | $10.96M | $10.49M | $9.13M | $7.46M | $7.71M |
| Current assets | $44.34M | $41.58M | $39.67M | $40.23M | $33.75M | $33.20M | $33.30M | $30.57M | $26.07M | $20.94M |
| Goodwill | $4.78M | $4.78M | $4.78M | $4.78M | $0 | - | - | - | - | - |
| Total assets | $102.75M | $94.68M | $89.34M | $86.19M | $74.37M | $66.07M | $67.51M | $63.55M | $56.61M | $51.07M |
| Current liabilities | $23.90M | $17.90M | $16.72M | $17.07M | $8.52M | $6.10M | $7.84M | $7.73M | $4.89M | $3.99M |
| Total liabilities | $26.03M | $19.50M | $18.65M | $18.95M | $8.62M | $6.37M | $7.84M | $7.73M | $4.89M | $3.99M |
| Shareholders' equity | $72.15M | $75.18M | $70.70M | $67.24M | $65.75M | $59.70M | $59.67M | $55.82M | $51.72M | $47.08M |
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.44M | $5.88M | $5.54M | $1.15M | $2.89M | $4.91M | $5.48M | $608.7K | $5.74M | $2.06M |
| Capital expenditures | $1.53M | $1.92M | $3.25M | $1.50M | $5.53M | $711.4K | $960.3K | $680.5K | $922.3K | $643.4K |
| Free cash flow | $916.5K | $3.97M | $2.29M | -$350.6K | -$2.64M | $4.20M | $4.52M | -$71.8K | $4.81M | $1.41M |
| Investing cash flow | -$3.93M | -$3.42M | -$3.34M | -$7.11M | -$103.3K | -$2.78M | -$1.34M | -$300.1K | -$2.61M | -$995.2K |
| Financing cash flow | $3.86M | -$2.96M | -$2.05M | $3.19M | -$1.52M | -$1.52M | -$2.39M | -$2.37M | -$226.7K | -$270.2K |
| Dividends paid | $1.52M | $2.64M | $2.62M | $2.58M | $1.78M | $1.18M | $2.18M | $1.82M | - | - |
| Share repurchases | - | - | - | - | - | - | - | - | $196.2K | $138.9K |
| Stock-based compensation | $1.36M | $1.38M | $1.34M | $931.5K | $664.2K | $1.34M | $1.43M | $413.0K | $391.7K | $427.4K |
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -1.0% | 6.5% | 7.7% | 31.3% | 18.6% | -14.5% | 8.4% | 30.0% | 20.1% | 8.6% |
| Net income growth, YoY | -99.7% | 85.7% | -54.0% | 0.7% | - | - | -22.3% | 95.8% | - | - |
| EPS growth, YoY | -100.0% | 83.3% | -54.5% | 3.1% | - | - | -23.6% | 92.0% | - | - |
| Gross margin | 37.6% | 39.7% | 34.8% | 31.1% | 34.6% | 33.6% | 31.9% | 33.6% | 33.5% | 32.2% |
| Operating margin | 3.1% | 9.3% | 7.5% | 6.9% | 14.7% | 3.3% | 11.8% | 15.6% | 11.6% | 3.9% |
| Net margin | 0.0% | 6.4% | 3.6% | 8.5% | 11.1% | -2.8% | 9.3% | 13.0% | 8.6% | -2.6% |
| Free cash flow margin | 1.1% | 4.7% | 2.9% | -0.5% | -4.7% | 8.8% | 8.1% | -0.1% | 12.2% | 4.3% |
| Return on equity | 0.0% | 7.2% | 4.1% | 9.4% | 9.6% | -2.2% | 8.7% | 12.0% | 6.6% | -1.8% |
| Return on assets | 0.0% | 5.7% | 3.3% | 7.3% | 8.4% | -2.0% | 7.7% | 10.5% | 6.0% | -1.7% |
| Current ratio | 1.86 | 2.32 | 2.37 | 2.36 | 3.96 | 5.45 | 4.25 | 3.95 | 5.33 | 5.24 |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.22M | $22.00M | $23.31M | $22.32M | $21.51M | $19.07M | $21.34M | $23.35M | $20.69M | $20.84M | $20.18M | $20.71M |
| Cost of revenue | $16.07M | $14.14M | $14.93M | $13.86M | $13.25M | $12.28M | $13.18M | $13.13M | $12.79M | $12.50M | $12.85M | $13.14M |
| Gross profit | $8.14M | $7.86M | $8.38M | $8.46M | $8.26M | $6.80M | $8.16M | $10.22M | $7.89M | $8.34M | $7.33M | $7.57M |
| Research and development | $1.21M | $1.18M | $1.22M | $1.27M | $1.14M | $1.29M | $1.34M | $1.21M | $1.25M | $1.24M | $1.11M | $1.29M |
| Selling, general and admin | $4.32M | $3.61M | $4.15M | $3.68M | $3.93M | $3.32M | $3.86M | $3.92M | $3.50M | $3.24M | $3.52M | $3.70M |
| Operating income | $515.3K | $382.8K | $933.6K | $929.4K | $867.2K | -$332.9K | $1.11M | $2.76M | $1.52M | $2.21M | $1.38M | $2.47M |
| Interest expense | $203.9K | $196.7K | $200.0K | $178.5K | $162.1K | $139.2K | $120.2K | $91.3K | $59.9K | $77.8K | $111.1K | $119.2K |
| Income tax | $392.8K | $75.5K | $265.0K | $1.14M | $410.5K | $275.2K | $217.9K | $477.4K | $332.4K | $289.2K | $226.8K | $514.8K |
| Net income | -$263.3K | -$35.3K | $237.8K | -$1.10M | $121.8K | $434.3K | $561.1K | $1.84M | $976.6K | $1.70M | $895.5K | $938.9K |
| EPS, basic | -$0.03 | $0.00 | $0.03 | -$0.12 | $0.01 | $0.05 | $0.06 | $0.20 | $0.10 | $0.18 | $0.09 | $0.11 |
| EPS, diluted | -$0.03 | $0.00 | $0.03 | -$0.11 | $0.01 | $0.04 | $0.06 | $0.19 | $0.10 | $0.17 | $0.09 | $0.10 |
| Diluted shares | 9.5M | 9.5M | 9.5M | - | 9.5M | 9.8M | 9.8M | - | 10.0M | 9.7M | 9.7M | - |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.28M | $6.47M | $6.39M | $7.25M | $6.77M | $5.09M | $5.57M | $4.95M | $5.79M | $4.84M | $6.09M | $5.41M |
| Inventory | $15.84M | $16.51M | $16.11M | $15.53M | $14.92M | $14.99M | $14.34M | $15.53M | $13.24M | $12.54M | $12.59M | $13.10M |
| Current assets | $47.77M | $45.22M | $44.62M | $44.34M | $42.60M | $39.62M | $40.30M | $41.58M | $37.90M | $37.33M | $38.27M | $39.67M |
| Goodwill | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M | $4.78M |
| Total assets | $107.13M | $104.90M | $104.03M | $102.75M | $99.30M | $93.70M | $94.04M | $94.68M | $89.27M | $87.31M | $88.80M | $89.34M |
| Current liabilities | $27.78M | $25.02M | $25.18M | $23.90M | $20.94M | $18.21M | $18.12M | $17.90M | $14.79M | $13.36M | $15.85M | $16.72M |
| Total liabilities | $29.84M | $27.17M | $27.35M | $26.03M | $22.73M | $19.85M | $19.73M | $19.50M | $16.69M | $15.36M | $17.79M | $18.65M |
| Shareholders' equity | $72.82M | $77.72M | $76.68M | $72.15M | $76.58M | $73.85M | $74.31M | $75.18M | $72.57M | $71.95M | $71.02M | $70.70M |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $623.2K | -$1.72M | $341.9K | -$1.37M | $609.7K | $803.7K | $2.40M | -$1.70M | $1.94M | $2.57M | $3.08M | $2.04M |
| Capital expenditures | $46.5K | $184.7K | $821.6K | $36.4K | $781.0K | -$510.6K | $1.22M | -$597.4K | $1.07M | $1.05M | $390.7K | $639.7K |
| Free cash flow | $576.7K | -$1.91M | -$479.7K | -$1.40M | -$171.2K | $293.1K | $1.18M | -$2.30M | $869.4K | $1.51M | $2.69M | $1.40M |
| Investing cash flow | -$196.6K | -$222.0K | -$821.6K | -$552.2K | -$797.4K | -$1.32M | -$1.26M | -$817.1K | -$1.10M | -$1.08M | -$423.9K | -$664.4K |
| Financing cash flow | $396.9K | $1.94M | -$383.8K | $2.40M | $1.78M | $73.0K | -$393.3K | $1.63M | $174.7K | -$2.74M | -$2.02M | -$2.14M |
| Dividends paid | $0 | $94.9K | $94.8K | $94.7K | $94.7K | $662.9K | $662.9K | $661.6K | $660.9K | $659.9K | $659.9K | $657.3K |
| Stock-based compensation | $310.5K | $303.7K | $310.8K | $341.9K | $341.9K | $334.4K | $341.9K | $343.1K | $343.1K | $343.9K | $350.9K | $339.4K |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 12.6% | 15.3% | 9.2% | -4.4% | 4.0% | -8.5% | 5.7% | 12.7% | -1.4% | 14.1% | 1.1% | 2.3% |
| Net income growth, YoY | - | - | -57.6% | - | -87.5% | -74.5% | -37.3% | 95.5% | -7.8% | 313.4% | 78.3% | 44.9% |
| EPS growth, YoY | - | -100.0% | -50.0% | - | -90.0% | -76.5% | -33.3% | 90.0% | -9.1% | 325.0% | 80.0% | 42.9% |
| Gross margin | 33.6% | 35.7% | 36.0% | 37.9% | 38.4% | 35.6% | 38.3% | 43.8% | 38.2% | 40.0% | 36.3% | 36.5% |
| Operating margin | 2.1% | 1.7% | 4.0% | 4.2% | 4.0% | -1.7% | 5.2% | 11.8% | 7.4% | 10.6% | 6.8% | 11.9% |
| Net margin | -1.1% | -0.2% | 1.0% | -4.9% | 0.6% | 2.3% | 2.6% | 7.9% | 4.7% | 8.2% | 4.4% | 4.5% |
| Free cash flow margin | 2.4% | -8.7% | -2.1% | -6.3% | -0.8% | 1.5% | 5.5% | -9.8% | 4.2% | 7.3% | 13.3% | 6.7% |
| Current ratio | 1.72 | 1.81 | 1.77 | 1.86 | 2.03 | 2.18 | 2.22 | 2.32 | 2.56 | 2.79 | 2.41 | 2.37 |
Source: XBRL data Northern Technologies International Corporation files with the SEC, latest filing dated Jul 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Jul 9, 2019.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NTIC | $91.84M | +7.7% | -$1.16M | -1.3% | $70.7M |
| ISRG | $11.58B | +20.5% | $2.96B | 25.5% | $159.65B |
| EW | $6.67B | +13.4% | $1.02B | 15.3% | $60.21B |
| STE | $6.17B | +8.1% | $826.90M | 13.4% | $24.95B |
| ZBH | $8.57B | +7.0% | $767.30M | 9.0% | $20.50B |
| MAS | $7.67B | +0.9% | $926.00M | 12.1% | $16.56B |
| SNN | $6.16B | +6.1% | $625.00M | 10.1% | $13.00B |
| ALGN | $4.16B | +4.4% | $491.87M | 11.8% | $12.28B |
| AIT | $5.06B | +8.5% | $424.12M | 8.4% | $10.86B |