Northern Technologies International (NTIC)
Market Price (12/18/2025): $7.79 | Market Cap: $73.8 MilSector: Materials | Industry: Specialty Chemicals
Northern Technologies International (NTIC)
Market Price (12/18/2025): $7.79Market Cap: $73.8 MilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% | Weak multi-year price returns2Y Excs Rtn is -64%, 3Y Excs Rtn is -103% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.1% |
| Attractive yieldDividend Yield is 2.1% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 4,147x | |
| Low stock price volatilityVol 12M is 44% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -4.4% | |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Advanced Materials, and Sustainable Resource Management. Themes include Sustainable Packaging Materials, Show more. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.8% | |
| Key risksNTIC key risks include [1] its heavy reliance on a global network of joint ventures, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% |
| Attractive yieldDividend Yield is 2.1% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Advanced Materials, and Sustainable Resource Management. Themes include Sustainable Packaging Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -64%, 3Y Excs Rtn is -103% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.1% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 4,147x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -4.4% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.8% |
| Key risksNTIC key risks include [1] its heavy reliance on a global network of joint ventures, Show more. |
Valuation, Metrics & Events
NTIC Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points for why Northern Technologies International (NTIC) stock moved by approximately 4.9% in the approximate time period from August 31, 2025, to today:
1. Multi-Year Offshore Oil & Gas Contract in Brazil: Northern Technologies International secured a significant multi-year offshore oil & gas production asset preservation contract in Brazil, valued at $13 million, announced on November 4, 2025. This contract for its ZERUST Integrity Solutions indicates strong business development and potential for future revenue growth.
2. Significant Insider Buying: Insider sentiment for NTIC is positive, with open-market purchases from insiders collectively exceeding $7.55 million over the last year. This strong vote of confidence from company insiders often signals positive future performance expectations.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTIC Return | -25% | 47% | -11% | -9% | 17% | -42% | -39% |
| Peers Return | 24% | 15% | -22% | 16% | 12% | 12% | 64% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| NTIC Win Rate | 50% | 67% | 58% | 33% | 50% | 42% | |
| Peers Win Rate | 63% | 50% | 37% | 47% | 53% | 45% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| NTIC Max Drawdown | -59% | 0% | -38% | -23% | -2% | -49% | |
| Peers Max Drawdown | -39% | -11% | -40% | -18% | -17% | -20% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: RPM, KWR, FSI, WDFC, PPG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | NTIC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.1% | -25.4% |
| % Gain to Breakeven | 123.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -61.5% | -33.9% |
| % Gain to Breakeven | 159.7% | 51.3% |
| Time to Breakeven | 309 days | 148 days |
| 2018 Correction | ||
| % Loss | -48.8% | -19.8% |
| % Gain to Breakeven | 95.3% | 24.7% |
| Time to Breakeven | 698 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -74.9% | -56.8% |
| % Gain to Breakeven | 299.1% | 131.3% |
| Time to Breakeven | 786 days | 1,480 days |
Compare to FUL, GEVO, FSI, LOOP, SHW
In The Past
Northern Technologies International's stock fell -55.1% during the 2022 Inflation Shock from a high on 7/12/2021. A -55.1% loss requires a 123.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to NTIC. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.5% | 5.5% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 42.2% | 42.2% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 15.0% | 15.0% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | -2.5% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.5% | 5.5% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 42.2% | 42.2% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 15.0% | 15.0% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | -2.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Northern Technologies International
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 105.92 |
| Mkt Cap | 2.6 |
| Rev LTM | 1,242 |
| Op Inc LTM | 138 |
| FCF LTM | 90 |
| FCF 3Y Avg | 130 |
| CFO LTM | 120 |
| CFO 3Y Avg | 153 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.6% |
| Rev Chg 3Y Avg | 0.9% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 11.6% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 9.5% |
| CFO/Rev 3Y Avg | 12.0% |
| FCF/Rev LTM | 4.9% |
| FCF/Rev 3Y Avg | 8.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.6 |
| P/S | 1.8 |
| P/EBIT | 18.7 |
| P/E | 26.6 |
| P/CFO | 19.4 |
| Total Yield | 3.3% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 4.7% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.1% |
| 3M Rtn | -2.5% |
| 6M Rtn | 4.9% |
| 12M Rtn | -14.5% |
| 3Y Rtn | 1.3% |
| 1M Excs Rtn | 4.4% |
| 3M Excs Rtn | -4.5% |
| 6M Excs Rtn | -7.4% |
| 12M Excs Rtn | -26.6% |
| 3Y Excs Rtn | -71.3% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/18/2025 | -5.9% | -5.9% | |
| 7/11/2025 | -2.3% | -9.2% | -16.1% |
| 4/10/2025 | -20.9% | -27.9% | -25.3% |
| 11/19/2024 | 5.8% | 2.5% | 4.1% |
| 7/11/2024 | -11.0% | -14.5% | -18.2% |
| 4/11/2024 | 13.6% | 27.9% | 56.8% |
| 11/21/2023 | -4.2% | -11.0% | 1.2% |
| 7/13/2023 | 17.4% | 15.1% | 20.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 10 |
| # Negative | 10 | 10 | 8 |
| Median Positive | 5.1% | 16.3% | 14.4% |
| Median Negative | -5.5% | -9.4% | -16.1% |
| Max Positive | 17.4% | 27.9% | 56.8% |
| Max Negative | -20.9% | -27.9% | -25.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 8312025 | 11202025 | 10-K 8/31/2025 |
| 5312025 | 7112025 | 10-Q 5/31/2025 |
| 2282025 | 4102025 | 10-Q 2/28/2025 |
| 11302024 | 1102025 | 10-Q 11/30/2024 |
| 8312024 | 11192024 | 10-K 8/31/2024 |
| 5312024 | 7112024 | 10-Q 5/31/2024 |
| 2292024 | 4112024 | 10-Q 2/29/2024 |
| 11302023 | 1112024 | 10-Q 11/30/2023 |
| 8312023 | 11212023 | 10-K 8/31/2023 |
| 5312023 | 7132023 | 10-Q 5/31/2023 |
| 2282023 | 4132023 | 10-Q 2/28/2023 |
| 11302022 | 1122023 | 10-Q 11/30/2022 |
| 8312022 | 11152022 | 10-K 8/31/2022 |
| 5312022 | 7082022 | 10-Q 5/31/2022 |
| 2282022 | 4082022 | 10-Q 2/28/2022 |
| 11302021 | 1122022 | 10-Q 11/30/2021 |
External Quote Links
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