Northern Technologies International Corporation (NTIC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 22M | 23.31M | 22.32M | 21.51M | 19.07M | 21.34M | 23.35M | 20.69M | 20.84M | 20.18M | 20.71M | 20.97M | 18.27M | 19.95M | 20.25M | 18.96M | 16.75M | 18.19M | 15.51M | 15.42M |
| Revenue Growth % | 15.34% | 9.23% | -4.43% | 3.98% | -8.49% | 5.73% | 12.75% | -1.35% | 14.08% | 1.15% | 2.26% | 10.57% | 9.09% | 9.67% | 30.55% | 23% | 31.02% | 42.37% | 54.69% | 58.22% |
| Cost of Goods Sold | 14.14M | 14.93M | 13.86M | 13.25M | 12.28M | 13.18M | 13.13M | 12.79M | 12.5M | 12.85M | 13.35M | 13.39M | 11.97M | 13.6M | 14.11M | 12.72M | 11.76M | 12.49M | 9.92M | 10.15M |
| COGS % of Revenue | 64.28% | 64.03% | 62.1% | 61.6% | 64.37% | 61.75% | 56.23% | 61.84% | 59.99% | 63.66% | 64.47% | 63.85% | 65.5% | 68.16% | 69.69% | 67.09% | 70.24% | 68.65% | 63.97% | 65.85% |
| Gross Profit | 7.86M | 8.38M | 8.46M | 8.26M | 6.8M | 8.16M | 10.22M | 7.89M | 8.34M | 7.33M | 7.36M | 7.58M | 6.3M | 6.35M | 6.14M | 6.24M | 4.98M | 5.7M | 5.59M | 5.27M |
| Gross Margin % | 35.72% | 35.97% | 37.9% | 38.4% | 35.63% | 38.25% | 43.77% | 38.16% | 40.01% | 36.34% | 35.53% | 36.15% | 34.5% | 31.84% | 30.31% | 32.91% | 29.76% | 31.35% | 36.03% | 34.15% |
| Gross Profit Growth % | 15.63% | 2.7% | -17.23% | 4.64% | -18.51% | 11.3% | 38.89% | 4.13% | 32.3% | 15.44% | 19.86% | 21.43% | 26.46% | 11.4% | 9.82% | 18.54% | 17.25% | 27.7% | 63.89% | 62.24% |
| Operating Expenses | 9.5M | 9.74M | 9.7M | 9.67M | 8.82M | 9.47M | 7.46M | 6.37M | 6.13M | 5.96M | 5.83M | 5.67M | 5.49M | 5.52M | 4.53M | 4.42M | 4.54M | 4.44M | 3.33M | 2.69M |
| OpEx % of Revenue | 43.2% | 41.79% | 43.45% | 44.94% | 46.24% | 44.38% | 31.94% | 30.79% | 29.42% | 29.52% | 28.14% | 27.05% | 30.05% | 27.68% | 22.35% | 23.3% | 27.1% | 24.38% | 21.47% | 17.43% |
| Selling, General & Admin | 8.33M | 8.52M | 8.43M | 8.53M | 7.53M | 8.13M | 8.28M | 7.73M | 7.37M | 7.2M | 8.44M | 7.1M | 6.73M | 6.64M | 6.3M | 6.01M | 5.49M | 5.83M | 5.41M | 5.24M |
| SG&A % of Revenue | 37.85% | 36.55% | 37.77% | 39.64% | 39.48% | 38.08% | 35.47% | 37.38% | 35.37% | 35.69% | 40.77% | 33.85% | 36.83% | 33.27% | 31.13% | 31.69% | 32.78% | 32.07% | 34.86% | 34.01% |
| Research & Development | 1.18M | 1.22M | 1.27M | 1.14M | 1.29M | 1.34M | 1.21M | 1.25M | 1.24M | 1.11M | 1.57M | 1.28M | 1.14M | 1.26M | 1.22M | 1.1M | 1.22M | 1.24M | 1.18M | 1.07M |
| R&D % of Revenue | 5.34% | 5.24% | 5.68% | 5.29% | 6.76% | 6.3% | 5.18% | 6.02% | 5.96% | 5.48% | 7.56% | 6.12% | 6.25% | 6.3% | 6.01% | 5.82% | 7.28% | 6.79% | 7.63% | 6.92% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | -1.64M | -1.36M | -1.24M | -1.41M | -2.02M | -1.31M | 2.76M | 1.52M | 2.21M | 1.38M | 1.53M | 1.91M | 813.56K | 829.58K | 1.61M | 1.82M | 445.22K | 1.27M | 2.26M | 2.58M |
| Operating Margin % | -7.47% | -5.83% | -5.55% | -6.54% | -10.61% | -6.13% | 11.83% | 7.37% | 10.59% | 6.82% | 7.39% | 9.09% | 4.45% | 4.16% | 7.97% | 9.61% | 2.66% | 6.96% | 14.57% | 16.73% |
| Operating Income Growth % | 18.78% | -3.88% | -144.83% | -192.24% | -191.74% | -194.96% | 80.38% | -20.07% | 171.19% | 65.92% | -5.09% | 4.59% | 82.73% | -34.5% | -28.61% | -29.31% | -74.81% | -26.21% | 9609.07% | 459.73% |
| EBITDA | -1.16M | -876.71K | -754.89K | -956.26K | -1.61M | -892.17K | 3.19M | 1.96M | 2.64M | 1.83M | 1.95M | 2.33M | 1.19M | 1.24M | 1.99M | 2.27M | 856.64K | 1.6M | 2.53M | 2.86M |
| EBITDA Margin % | -5.27% | -3.76% | -3.38% | -4.45% | -8.46% | -4.18% | 13.65% | 9.47% | 12.69% | 9.07% | 9.44% | 11.11% | 6.49% | 6.22% | 9.8% | 11.98% | 5.11% | 8.8% | 16.34% | 18.55% |
| EBITDA Growth % | 28.13% | 1.73% | -123.68% | -148.82% | -161.05% | -148.72% | 63.09% | -15.96% | 122.85% | 47.64% | -1.54% | 2.54% | 38.51% | -22.57% | -21.69% | -20.52% | -58.38% | -19.04% | 808.58% | 733.72% |
| D&A (Non-Cash Add-back) | 483.55K | 481.03K | 483.32K | 449.47K | 409.6K | 414.88K | 425.67K | 434.77K | 437.96K | 454.67K | 423.26K | 423.98K | 373.02K | 410.69K | 371.77K | 449.94K | 411.42K | 335.2K | 275.19K | 280.88K |
| EBIT | 448.34K | 970.87K | 577.1K | 905.01K | 1.02M | 1.13M | 2.78M | 1.55M | 2.24M | 1.42M | 1.54M | 1.92M | 817.01K | 835.74K | 1.63M | 1.84M | 455.13K | 5.23M | 12.58M | 2.59M |
| Net Interest Income | -131.08K | -162.72K | -143.95K | -124.28K | 71K | -94.65K | -71.86K | -36.2K | -48.55K | -64.7K | -109.17K | -127.29K | -111.69K | -85.16K | -42.55K | -7.86K | 2.5K | 8.05K | 50.6K | 7.63K |
| Interest Income | 65.57K | 37.24K | 34.51K | 37.82K | 210.16K | 25.57K | 19.43K | 23.74K | 29.21K | 46.44K | 9.99K | 8.88K | 3.45K | 6.17K | 12.46K | 15.93K | 9.91K | 10.94K | 56.02K | 10.68K |
| Interest Expense | 196.65K | 199.97K | 178.46K | 162.1K | 139.16K | 120.22K | 91.29K | 59.94K | 77.76K | 111.14K | 119.16K | 136.17K | 115.14K | 91.33K | 55.02K | 23.78K | 7.4K | 2.89K | 5.42K | 3.04K |
| Other Income/Expense | 1.9M | 2.13M | 1.64M | 2.15M | 2.9M | 2.32M | -71.86K | -36.2K | -48.55K | -64.7K | -109.17K | -127.29K | -111.69K | -85.16K | -42.55K | -7.86K | 2.5K | 3.96M | 50.6K | 7.63K |
| Pretax Income | 251.69K | 770.91K | 398.64K | 742.91K | 877.82K | 1.01M | 2.69M | 1.49M | 2.16M | 1.31M | 1.42M | 1.78M | 701.86K | 744.41K | 1.57M | 1.82M | 447.73K | 5.23M | 2.31M | 2.59M |
| Pretax Margin % | 1.14% | 3.31% | 1.79% | 3.45% | 4.6% | 4.74% | 11.52% | 7.19% | 10.35% | 6.5% | 6.87% | 8.49% | 3.84% | 3.73% | 7.76% | 9.57% | 2.67% | 28.73% | 14.89% | 16.77% |
| Income Tax | 75.49K | 265.03K | 1.14M | 410.46K | 275.2K | 217.87K | 477.41K | 332.4K | 289.19K | 226.8K | 514.78K | 542.29K | 181.79K | 110.73K | 613.4K | 604.31K | 151.74K | 504.38K | 532.32K | 276.34K |
| Effective Tax Rate % | 29.99% | 34.38% | 286.34% | 55.25% | 31.35% | 21.53% | 17.75% | 22.34% | 13.4% | 17.29% | 36.2% | 30.48% | 25.9% | 14.88% | 39.05% | 33.29% | 33.89% | 9.65% | 23.04% | 10.68% |
| Net Income | -35.32K | 237.82K | -1.1M | 121.78K | 434.32K | 561.09K | 1.84M | 976.6K | 1.7M | 895.52K | -810 | 1.06M | 411.5K | 502.24K | 647.93K | 1M | 182.85K | 4.49M | 1.65M | 2.05M |
| Net Margin % | -0.16% | 1.02% | -4.93% | 0.57% | 2.28% | 2.63% | 7.86% | 4.72% | 8.16% | 4.44% | -0% | 5.05% | 2.25% | 2.52% | 3.2% | 5.27% | 1.09% | 24.7% | 10.65% | 13.32% |
| Net Income Growth % | -108.13% | -57.61% | -159.9% | -87.53% | -74.47% | -37.34% | 226740.49% | -7.83% | 313.41% | 78.3% | -100.13% | 5.94% | 125.05% | -88.82% | -60.79% | -51.3% | -86.07% | 255.97% | 193.62% | 312.79% |
| Net Income (Continuing) | 176.2K | 505.88K | -742.83K | 332.45K | 602.63K | 794.15K | 2.21M | 1.16M | 1.87M | 1.08M | 907.23K | 1.24M | 520.07K | 633.68K | 957.35K | 1.21M | 295.99K | 4.72M | 1.78M | 2.31M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4.44M | 4.31M | 4.56M | 4.22M | 4.1M | 4.09M | 3.98M | 3.72M | 3.6M | 3.73M | 4.34M | 3.53M | 3.44M | 3.71M | 3.65M | 3.45M | 3.37M | 3.34M | 3.38M | 3.5M |
| EPS (Diluted) | -0.00 | 0.03 | -0.12 | 0.01 | 0.04 | 0.06 | 0.19 | 0.10 | 0.18 | 0.09 | 0.10 | 0.16 | 0.09 | 0.05 | 0.10 | 0.10 | 0.03 | 0.46 | 0.17 | 0.21 |
| EPS Growth % | -108.31% | -56.35% | -163.16% | -86.87% | -75.28% | -37.7% | 95.88% | -39.06% | 98.24% | 78.53% | -3% | 60% | 196.73% | -88.76% | -41.18% | -52.38% | -76.46% | 253.85% | 189.47% | 290.91% |
| EPS (Basic) | -0.00 | 0.03 | -0.12 | 0.01 | 0.05 | 0.06 | 0.19 | 0.10 | 0.18 | 0.10 | 0.10 | 0.16 | 0.09 | 0.05 | 0.10 | 0.11 | 0.03 | 0.49 | 0.18 | 0.23 |
| Diluted Shares Outstanding | 9.49M | 9.49M | 9.5M | 9.54M | 9.75M | 9.75M | 9.88M | 10.02M | 9.72M | 9.71M | 9.68M | 9.63M | 9.75M | 9.72M | 9.51M | 9.58M | 9.68M | 9.78M | 9.82M | 9.97M |
| Basic Shares Outstanding | 9.49M | 9.48M | 9.47M | 9.47M | 9.47M | 9.47M | 9.45M | 9.43M | 9.43M | 9.43M | 9.38M | 9.37M | 9.37M | 9.32M | 9.23M | 9.23M | 9.21M | 9.2M | 9.15M | 9.11M |
| Dividend Payout Ratio | - | 39.87% | - | 77.8% | 152.64% | 118.15% | 36.04% | 67.67% | 38.79% | 73.69% | - | 61.9% | 159.33% | 130.54% | 99.74% | 64.62% | 353.03% | 14.31% | 36.13% | 28.83% |