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Side-by-side financial comparison of NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

NORTHERN TECHNOLOGIES INTERNATIONAL CORP is the larger business by last-quarter revenue ($23.3M vs $22.7M, roughly 1.0× R F INDUSTRIES LTD). NORTHERN TECHNOLOGIES INTERNATIONAL CORP runs the higher net margin — 1.0% vs 0.8%, a 0.3% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs 9.2%). R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $-479.7K). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs 5.8%).

Maxar Technologies Inc., was an American space technology company, specializing in geospatial intelligence, Earth observation, and on-orbit satellite servicing, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

NTIC vs RFIL — Head-to-Head

Bigger by revenue
NTIC
NTIC
1.0× larger
NTIC
$23.3M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+13.7% gap
RFIL
22.9%
9.2%
NTIC
Higher net margin
NTIC
NTIC
0.3% more per $
NTIC
1.0%
0.8%
RFIL
More free cash flow
RFIL
RFIL
$2.5M more FCF
RFIL
$2.0M
$-479.7K
NTIC
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
5.8%
NTIC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NTIC
NTIC
RFIL
RFIL
Revenue
$23.3M
$22.7M
Net Profit
$237.8K
$173.0K
Gross Margin
36.0%
36.8%
Operating Margin
4.0%
4.0%
Net Margin
1.0%
0.8%
Revenue YoY
9.2%
22.9%
Net Profit YoY
-57.6%
172.7%
EPS (diluted)
$0.03
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NTIC
NTIC
RFIL
RFIL
Q4 25
$23.3M
$22.7M
Q3 25
$22.3M
$19.8M
Q2 25
$21.5M
$18.9M
Q1 25
$19.1M
$19.2M
Q4 24
$21.3M
$18.5M
Q3 24
$23.3M
$16.8M
Q2 24
$20.7M
$16.1M
Q1 24
$20.8M
$13.5M
Net Profit
NTIC
NTIC
RFIL
RFIL
Q4 25
$237.8K
$173.0K
Q3 25
$-1.1M
$392.0K
Q2 25
$121.8K
$-245.0K
Q1 25
$434.3K
$-245.0K
Q4 24
$561.1K
$-238.0K
Q3 24
$1.8M
$-705.0K
Q2 24
$976.6K
$-4.3M
Q1 24
$1.7M
$-1.4M
Gross Margin
NTIC
NTIC
RFIL
RFIL
Q4 25
36.0%
36.8%
Q3 25
37.9%
34.0%
Q2 25
38.4%
31.5%
Q1 25
35.6%
29.8%
Q4 24
38.3%
31.3%
Q3 24
43.8%
29.5%
Q2 24
38.2%
29.9%
Q1 24
40.0%
24.5%
Operating Margin
NTIC
NTIC
RFIL
RFIL
Q4 25
4.0%
4.0%
Q3 25
4.2%
3.6%
Q2 25
4.0%
0.6%
Q1 25
-1.7%
0.3%
Q4 24
5.2%
0.5%
Q3 24
11.8%
-2.5%
Q2 24
7.4%
-2.6%
Q1 24
10.6%
-15.5%
Net Margin
NTIC
NTIC
RFIL
RFIL
Q4 25
1.0%
0.8%
Q3 25
-4.9%
2.0%
Q2 25
0.6%
-1.3%
Q1 25
2.3%
-1.3%
Q4 24
2.6%
-1.3%
Q3 24
7.9%
-4.2%
Q2 24
4.7%
-26.7%
Q1 24
8.2%
-10.1%
EPS (diluted)
NTIC
NTIC
RFIL
RFIL
Q4 25
$0.03
$0.01
Q3 25
$-0.11
$0.04
Q2 25
$0.01
$-0.02
Q1 25
$0.04
$-0.02
Q4 24
$0.06
$-0.02
Q3 24
$0.19
$-0.07
Q2 24
$0.10
$-0.41
Q1 24
$0.17
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NTIC
NTIC
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$6.4M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$72.4M
$35.2M
Total Assets
$104.0M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTIC
NTIC
RFIL
RFIL
Q4 25
$6.4M
$5.1M
Q3 25
$7.3M
$3.0M
Q2 25
$6.8M
$3.6M
Q1 25
$5.1M
$1.3M
Q4 24
$5.6M
$839.0K
Q3 24
$5.0M
$1.8M
Q2 24
$5.8M
$1.4M
Q1 24
$4.8M
$4.5M
Stockholders' Equity
NTIC
NTIC
RFIL
RFIL
Q4 25
$72.4M
$35.2M
Q3 25
$72.1M
$34.8M
Q2 25
$72.4M
$34.2M
Q1 25
$69.7M
$34.2M
Q4 24
$70.2M
$34.1M
Q3 24
$71.2M
$34.1M
Q2 24
$68.9M
$34.6M
Q1 24
$68.4M
$38.7M
Total Assets
NTIC
NTIC
RFIL
RFIL
Q4 25
$104.0M
$73.0M
Q3 25
$102.7M
$73.2M
Q2 25
$99.3M
$72.7M
Q1 25
$93.7M
$70.4M
Q4 24
$94.0M
$71.0M
Q3 24
$94.7M
$71.9M
Q2 24
$89.3M
$72.8M
Q1 24
$87.3M
$79.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NTIC
NTIC
RFIL
RFIL
Operating Cash FlowLast quarter
$341.9K
$2.1M
Free Cash FlowOCF − Capex
$-479.7K
$2.0M
FCF MarginFCF / Revenue
-2.1%
9.0%
Capex IntensityCapex / Revenue
3.5%
0.3%
Cash ConversionOCF / Net Profit
1.44×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$-1.8M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTIC
NTIC
RFIL
RFIL
Q4 25
$341.9K
$2.1M
Q3 25
$-1.4M
$-311.0K
Q2 25
$609.7K
$2.2M
Q1 25
$803.7K
$601.0K
Q4 24
$2.4M
$-244.0K
Q3 24
$2.4M
Q2 24
$1.9M
$197.0K
Q1 24
$840.0K
Free Cash Flow
NTIC
NTIC
RFIL
RFIL
Q4 25
$-479.7K
$2.0M
Q3 25
$-1.4M
$-419.0K
Q2 25
$-171.2K
$2.2M
Q1 25
$293.1K
$574.0K
Q4 24
$1.2M
$-418.0K
Q3 24
$2.1M
Q2 24
$869.4K
$28.0K
Q1 24
$697.0K
FCF Margin
NTIC
NTIC
RFIL
RFIL
Q4 25
-2.1%
9.0%
Q3 25
-6.3%
-2.1%
Q2 25
-0.8%
11.4%
Q1 25
1.5%
3.0%
Q4 24
5.5%
-2.3%
Q3 24
12.6%
Q2 24
4.2%
0.2%
Q1 24
5.2%
Capex Intensity
NTIC
NTIC
RFIL
RFIL
Q4 25
3.5%
0.3%
Q3 25
0.2%
0.5%
Q2 25
3.6%
0.2%
Q1 25
2.7%
0.1%
Q4 24
5.7%
0.9%
Q3 24
1.5%
Q2 24
5.2%
1.0%
Q1 24
1.1%
Cash Conversion
NTIC
NTIC
RFIL
RFIL
Q4 25
1.44×
12.13×
Q3 25
-0.79×
Q2 25
5.01×
Q1 25
1.85×
Q4 24
4.27×
Q3 24
Q2 24
1.99×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NTIC
NTIC

Inside The USA To Unaffiliated Customers$7.5M32%
Natur Tec$6.0M26%
Acobal$3.6M15%
Other$2.7M12%
BR$2.1M9%
Zerust OY$1.4M6%

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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