NORTHERN TECHNOLOGIES INTERNATIONAL CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84.2M | $85.1M | $79.9M | $74.2M | $56.5M | $47.6M | $55.8M | $51.4M |
| Cost of Revenue | $52.6M | $51.3M | $52.1M | $51.1M | $36.9M | $31.6M | $38.0M | $34.2M |
| Gross Profit | $31.7M | $33.8M | $27.8M | $23.1M | $19.6M | $16.0M | $17.8M | $17.3M |
| Gross Margin | 37.6% | 39.7% | 34.8% | 31.1% | 34.6% | 33.6% | 31.9% | 33.6% |
| Operating Expenses | ||||||||
| Research & Development | $5.0M | $4.8M | $5.0M | $4.8M | $4.4M | $4.0M | $3.8M | $3.5M |
| SG&A Expense | $14.8M | $14.2M | $13.2M | $10.6M | $8.3M | $8.7M | $9.3M | $8.5M |
| Operating Income | $2.6M | $7.9M | $6.0M | $5.1M | $8.3M | $1.6M | $6.6M | $8.0M |
| Operating Margin | 3.1% | 9.3% | 7.5% | 6.9% | 14.7% | 3.3% | 11.8% | 15.6% |
| Interest Expense | — | $340.1K | $461.8K | $89.1K | $16.1K | $16.0K | $13.6K | $18.0K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $2.0M | $1.3M | $1.3M | $1.9M | $1.5M | $2.7M | $841.8K | $876.1K |
| Net Income | $17.6K | $5.4M | $2.9M | $6.3M | $6.3M | $-1.3M | $5.2M | $6.7M |
| Net Margin | 0.0% | 6.4% | 3.6% | 8.5% | 11.1% | -2.8% | 9.3% | 13.0% |
| EPS (Basic) | $0.00 | $0.57 | $0.31 | $0.69 | $0.69 | $-0.15 | $0.57 | $0.74 |
| EPS (Diluted) | $0.00 | $0.55 | $0.30 | $0.66 | $0.64 | $-0.15 | $0.55 | $0.72 |
| Shares Outstanding (Basic) | 9.5M | 9.4M | 9.4M | 9.2M | 9.1M | 9.1M | 9.1M | 9.1M |
| Shares Outstanding (Diluted) | 9.6M | 9.8M | 9.7M | 9.6M | 9.9M | 9.1M | 9.4M | 9.4M |
| Dividends Per Share | $0.16 | $0.28 | $0.28 | $0.28 | $0.20 | $0.13 | $0.24 | $0.20 |