← Northern Technologies International
The business behind the dividend
| Measure | NTIC | Median | Formula |
|---|---|---|---|
| Return on equity | 0.0% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | $-528.84k | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $916.52k | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 3.1% | 14.3% | Operating income ÷ revenue |
| Net margin | 0.0% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | 4.28x | 4.22x | Operating income ÷ interest expense |
| Current ratio | 1.86x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -2.4% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Debt to equity, Long-term debt to working capital, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 0.0% | 7.6% | 4.4% | 9.9% | 10.1% | -2.4% | 9.2% | 12.6% | 7.0% | -1.9% | 7.0% |
| Operating margin | 3.1% | 9.3% | 7.5% | 6.9% | 14.7% | 3.3% | 11.8% | 15.6% | 11.6% | 3.9% | 7.5% |
| Net margin | 0.0% | 6.4% | 3.6% | 8.5% | 11.1% | -2.8% | 9.3% | 13.0% | 8.6% | -2.6% | 6.4% |
| Current ratio | 1.86x | 2.32x | 2.37x | 2.36x | 3.96x | 5.45x | 4.25x | 3.95x | 5.33x | 5.24x | 3.95x |
| Cash conversion | — | 1.09x | 1.90x | 0.18x | 0.46x | — | 1.05x | 0.09x | 1.68x | — | 1.05x |
How it compares in industrials
Among the 289 industrials companies here measured on free cash flow, Northern Technologies International pays out less than 8 of them. The median for that group is 24.4%, against this company’s 165.3%.
Closest on free cash flow
- Compx International (CIX) 141.8%
- VSE (VSEC) 144.7%
- Standard Motor Products (SMP) 145.7%
- Seaboard (SEB) 150.0%
Same sector and same denominator, so the figures are comparable. All 348 in industrials →