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Northern Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for Northern Technologies and similar public comparables like Amoeba, QB Industrias, Baikowski, 5E Advanced Materials and more.
Northern Technologies Overview
About Northern Technologies
Northern Technologies International Corp is a United States-based firm that develops and markets proprietary, environmentally beneficial products and services world wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments, which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company. The company generates the majority of its revenue in the United States.
Founded
1977
HQ
Employees
94
Website
Sectors
Financials (LTM)
EV
$90M
Northern Technologies Financials
Northern Technologies reported last 12-month revenue of $88M.
In the same LTM period, Northern Technologies generated $33M in gross profit and $926K in net income.
Revenue (LTM)
Northern Technologies P&L
In the most recent fiscal year, Northern Technologies reported revenue of $84M and EBITDA of $5M.
Northern Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $88M | XXX | $84M | XXX | XXX | XXX |
| Gross Profit | $33M | XXX | $32M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | — | XXX | $5M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $926K | XXX | $18K | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | — | — | $5M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Northern Technologies Stock Performance
Northern Technologies has current market cap of $83M, and enterprise value of $90M.
Market Cap Evolution
Northern Technologies' stock price is $8.79.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $90M | $83M | 0.0% | XXX | XXX | XXX | $0.00 |
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Start Free TrialNorthern Technologies Valuation Multiples
Northern Technologies trades at 1.0x EV/Revenue multiple, and 16.7x EV/EBITDA.
EV / Revenue (LTM)
Northern Technologies Financial Valuation Multiples
As of March 17, 2026, Northern Technologies has market cap of $83M and EV of $90M.
Equity research analysts estimate Northern Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Northern Technologies has a P/E ratio of 90.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $83M | XXX | $83M | XXX | XXX | XXX |
| EV (current) | $90M | XXX | $90M | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 16.7x | XXX | XXX | XXX |
| EV/EBIT | 26.4x | XXX | 34.6x | XXX | XXX | XXX |
| EV/Gross Profit | 2.7x | XXX | 2.8x | XXX | XXX | XXX |
| P/E | 90.1x | XXX | 4735.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (59.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Northern Technologies Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Northern Technologies Margins & Growth Rates
Northern Technologies' revenue in the last 12 month grew by 9%.
Northern Technologies' revenue per employee in the last FY averaged $0.9M.
Northern Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (35%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 20% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 18% | XXX | 18% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Northern Technologies Public Comps
See public comps and valuation multiples for other Chemicals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Amoeba | XXX | XXX | XXX | XXX | XXX | XXX |
| QB Industrias | XXX | XXX | XXX | XXX | XXX | XXX |
| Baikowski | XXX | XXX | XXX | XXX | XXX | XXX |
| 5E Advanced Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| Holland | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Northern Technologies M&A Activity
Northern Technologies acquired XXX companies to date.
Last acquisition by Northern Technologies was on XXXXXXXX, XXXXX. Northern Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Northern Technologies
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNorthern Technologies Investment Activity
Northern Technologies invested in XXX companies to date.
Northern Technologies made its latest investment on XXXXXXXX, XXXXX. Northern Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Northern Technologies
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Northern Technologies
| When was Northern Technologies founded? | Northern Technologies was founded in 1977. |
| Where is Northern Technologies headquartered? | Northern Technologies is headquartered in United States. |
| How many employees does Northern Technologies have? | As of today, Northern Technologies has over 94 employees. |
| Who is the CEO of Northern Technologies? | Northern Technologies' CEO is G. Patrick Lynch. |
| Is Northern Technologies publicly listed? | Yes, Northern Technologies is a public company listed on Nasdaq. |
| What is the stock symbol of Northern Technologies? | Northern Technologies trades under NTIC ticker. |
| When did Northern Technologies go public? | Northern Technologies went public in 1992. |
| Who are competitors of Northern Technologies? | Northern Technologies main competitors are Amoeba, QB Industrias, Baikowski, 5E Advanced Materials. |
| What is the current market cap of Northern Technologies? | Northern Technologies' current market cap is $83M. |
| What is the current revenue of Northern Technologies? | Northern Technologies' last 12 months revenue is $88M. |
| What is the current revenue growth of Northern Technologies? | Northern Technologies revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Northern Technologies? | Current revenue multiple of Northern Technologies is 1.0x. |
| Is Northern Technologies profitable? | Yes, Northern Technologies is net-income-positive (as of the last 12 months). |
| What is the current net income of Northern Technologies? | Northern Technologies' last 12 months net income is $926K. |
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