NTIC · NASDAQ · Chemicals - Specialty

Northern Technologies International (NTIC)

Supplies corrosion-prevention products and bio-based, compostable polymer materials through global operations.

$7.93
vs last close+0.04 (+0.51%)
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Northern Technologies International CorporationNTIC
Materials

Sells proprietary ZERUST corrosion-prevention products and Natur-Tec bio-based, compostable resins and finished products. Revenue comes from direct sales, subsidiaries, and a network of manufacturing-and-marketing joint ventures.

ZERUST supplies rust- and corrosion-inhibiting products and services to automotive, industrial, mechanical, mining, agricultural, retail-consumer, and oil-and-gas markets. Natur-Tec supplies bio-based and compostable polymer resins and finished products.

ZERUST and Natur-Tec are the reportable segments. Operations combine direct sales with subsidiaries and joint ventures, including a worldwide ZERUST distribution network whose local partners manufacture and market products in assigned territories.

The company participated in 15 active joint ventures across North America, Europe, and Asia. This model relies on local partners’ regulatory and market knowledge, while raw-material costs and competitive Natur-Tec pricing can affect margins.

Company facts

CEOG. Patrick Lynch
ListedSep 10, 1993
ExchangeNASDAQ
HeadquartersCircle Pines, MN
CountryUnited States
Employees94
CIK0000875582
ISINUS6658091094

Market cap$74.9M
EPS (ttm)−$0.1286
P/E (ttm)−61.35
ROE-1.6%
P/B1.03
P/S0.8155
Dividend yieldDiv yield0.38%
Beta0.14vs XLB 0.07

Price target$20.00+153.5%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 17, 26
in 56 days
EPS estimate
$0.06
Revenue estimate
$25.2M
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Jan '25Apr '25Jul '25Nov '25Jan '26Apr '26Jul '26Nov '26
Reported$0.07−$0.03$0.02−$0.06$0.04$0.01−$0.02Pending
Estimate$0.12$0.06$0.04$0.08$0.05$0.02$0.04$0.06
Surprise−41.7%−150.0%−50.0%−175.0%−20.0%−50.0%−150.0%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Nov '25Jan '26Apr '26Jul '26Nov '26
Reported$21.3M$19.1M$21.5M$22.3M$23.3M$22.0M$24.2MPending
Estimate$22.3M$23.2M$20.7M$22.4M$22.1M$21.1M$23.4M$25.2M
Surprise−4.3%−17.8%+3.9%−0.4%+5.5%+4.3%+3.5%
Estimate$0.06
ReportedDue Nov 17, 2026
Estimate$25.2M
ReportedDue Nov 17, 2026
View details

Debt to equity21.60%
Current ratio172.00%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$23.3M$21.3M$19.1M$21.5M$22.3M$23.3M$22.0M$24.2M
Net income$1.8M$561.1K$434.3K$121.8K−$1.1M$237.8K−$35.3K−$263.3K
Net margin7.9%2.6%2.3%0.6%0.0%1.0%0.0%0.0%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$2.8M−$1.3M−$2.0M−$1.4M−$1.2M−$1.4M−$1.6M$515.3K
YoY growth+80.4%Turned lossTurned lossTurned lossTurned lossLoss widenedLoss narrowedTurned profit

Balance sheet, May 31, 2026Cash & short-term investments $8.1M · Total debt $15.8M · Total assets $107.1M · Shareholders' equity $72.8M

Revenue
$24.2M
Operating income
$515.3K
Net income
−$263.3K
View details

Dividend yield
0.38%
Next ex-date
Annual dividend
$0.03
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26
Dividend$0.07$0.07$0.07$0.07$0.01$0.01$0.01$0.01
Annual yield1.58%2.13%2.19%2.31%2.95%2.08%1.31%0.44%
Ex-dateApr 30Jul 31Oct 30Jan 29Apr 30Jul 30Oct 29Jan 28
Payment dateMay 15Aug 14Nov 13Feb 12May 14Aug 13Nov 12Feb 11
View details

Institutions29.93%2.84M shares
45 holders · as of Jun 30, 2026
Insiders5.68%539.2K shares
10 holders · as of Sep 9, 2026
Strategic holders8.06%765.0K shares
1 holder · as of May 14, 2026
Other56.33%5.35M shares
remainder

9.50M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Needham Investment Management LLCInstitution
8.42%800,000as of Jun 30, 2026
Needham Investment Management L.L.C.Strategic
8.06%765,000filed May 14, 2026
Perritt Capital Management, Inc.Institution
4.66%442,287filed Feb 10, 2020
Vanguard Capital Management LLCInstitution
4.14%393,279as of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
3.53%335,664as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 30, 2026G. Patrick Lynchdirector, 10 percent owner, officer: President and CEO−16,070$8.00
Jul 29, 2026G. Patrick Lynchdirector, 10 percent owner, officer: President and CEO−2$8.10
Jul 20, 2026Richard Nigondirector−12,000$8.00
View details

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