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Northern Technologies Valuation Multiples

Discover revenue and EBITDA valuation multiples for Northern Technologies and similar public comparables like Avantium, Akzo Nobel, and Fertiglobe.

Northern Technologies Overview

About Northern Technologies

Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets 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.


Founded

1977

HQ

United States of America
Employees

95

Website

ntic.com

Sectors

Chemicals

Financials

LTM Revenue $84.4M

Last FY EBITDA $9.7M

EV

$76.8M

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Northern Technologies Financials

Northern Technologies has a last 12-month revenue (LTM) of $84.4M and a last 12-month EBITDA of n/a.

In the most recent fiscal year, Northern Technologies achieved revenue of $85.1M and an EBITDA of $9.7M.

Northern Technologies expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Northern Technologies P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $84.4M XXX $85.1M XXX XXX XXX
Gross Profit $32.0M XXX $33.8M XXX XXX XXX
Gross Margin 38% XXX 40% XXX XXX XXX
EBITDA n/a XXX $9.7M XXX XXX XXX
EBITDA Margin n/a XXX 11% XXX XXX XXX
EBIT $3.1M XXX -$1.6M XXX XXX XXX
EBIT Margin 4% XXX -2% XXX XXX XXX
Net Profit $1.7M XXX $5.4M XXX XXX XXX
Net Margin 2% XXX 6% XXX XXX XXX
Net Debt XXX XXX $2.2M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Northern Technologies Stock Performance

As of July 31, 2025, Northern Technologies's stock price is $8.

Northern Technologies has current market cap of $73.0M, and EV of $76.8M.

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Northern Technologies Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$76.8M $73.0M XXX XXX XXX XXX $0.18

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Northern Technologies Valuation Multiples

As of July 31, 2025, Northern Technologies has market cap of $73.0M and EV of $76.8M.

Northern Technologies's trades at 0.9x EV/Revenue multiple, and 9.2x EV/EBITDA.

Equity research analysts estimate Northern Technologies's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Northern Technologies has a P/E ratio of 42.0x.

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Northern Technologies Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $73.0M XXX $73.0M XXX XXX XXX
EV (current) $76.8M XXX $76.8M XXX XXX XXX
EV/Revenue 0.9x XXX 0.9x XXX XXX XXX
EV/EBITDA n/a XXX 9.2x XXX XXX XXX
EV/EBIT 24.5x XXX -448.9x XXX XXX XXX
EV/Gross Profit 2.4x XXX n/a XXX XXX XXX
P/E 42.0x XXX 17.9x XXX XXX XXX
EV/FCF n/a XXX 33.8x XXX XXX XXX

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Northern Technologies Margins & Growth Rates

Northern Technologies's last 12 month revenue growth is 5%

Northern Technologies's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.4M for the same period.

Northern Technologies's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Northern Technologies's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Northern Technologies Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 5% XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 15% XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.9M XXX XXX XXX
Opex per Employee XXX XXX $0.4M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 19% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 6% XXX XXX XXX
Opex to Revenue XXX XXX 42% XXX XXX XXX

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Northern Technologies Public Comps

See public comps and valuation multiples for Chemicals comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Borouge XXX XXX XXX XXX XXX XXX
Fertiglobe XXX XXX XXX XXX XXX XXX
Akzo Nobel XXX XXX XXX XXX XXX XXX
Avantium XXX XXX XXX XXX XXX XXX
DSM Firmenich XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Northern Technologies M&A and Investment Activity

Northern Technologies acquired  XXX companies to date.

Last acquisition by Northern Technologies was  XXXXXXXX, XXXXX XXXXX XXXXXX . Northern Technologies acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Northern Technologies

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About 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 of America.
How many employees does Northern Technologies have? As of today, Northern Technologies has 95 employees.
Who is the CEO of Northern Technologies? Northern Technologies's CEO is Mr. G. Patrick Lynch.
Is Northern Technologies publicy listed? Yes, Northern Technologies is a public company listed on NAS.
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? Similar companies to Northern Technologies include e.g. Borouge, Fertiglobe, Akzo Nobel, Avantium.
What is the current market cap of Northern Technologies? Northern Technologies's current market cap is $73.0M
What is the current revenue of Northern Technologies? Northern Technologies's last 12 months revenue is $84.4M.
What is the current revenue growth of Northern Technologies? Northern Technologies revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of Northern Technologies? Current revenue multiple of Northern Technologies is 0.9x.
Is Northern Technologies profitable? Yes, Northern Technologies is EBITDA-positive (as of the last 12 months).

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