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Side-by-side financial comparison of NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) and Spire Global, Inc. (SPIR). 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 $15.8M, roughly 1.5× Spire Global, Inc.). NORTHERN TECHNOLOGIES INTERNATIONAL CORP runs the higher net margin — 1.0% vs -176.6%, a 177.7% gap on every dollar of revenue. On growth, NORTHERN TECHNOLOGIES INTERNATIONAL CORP posted the faster year-over-year revenue change (9.2% vs -26.9%). NORTHERN TECHNOLOGIES INTERNATIONAL CORP produced more free cash flow last quarter ($-479.7K vs $-16.2M). Over the past eight quarters, NORTHERN TECHNOLOGIES INTERNATIONAL CORP's revenue compounded faster (5.8% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
NTIC vs SPIR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.3M | $15.8M |
| Net Profit | $237.8K | $-28.0M |
| Gross Margin | 36.0% | 40.2% |
| Operating Margin | 4.0% | -164.1% |
| Net Margin | 1.0% | -176.6% |
| Revenue YoY | 9.2% | -26.9% |
| Net Profit YoY | -57.6% | 42.7% |
| EPS (diluted) | $0.03 | $-0.85 |
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.
| Q4 25 | $23.3M | $15.8M | ||
| Q3 25 | $22.3M | $12.7M | ||
| Q2 25 | $21.5M | $19.2M | ||
| Q1 25 | $19.1M | $23.9M | ||
| Q4 24 | $21.3M | $21.7M | ||
| Q3 24 | $23.3M | $28.6M | ||
| Q2 24 | $20.7M | $25.4M | ||
| Q1 24 | $20.8M | $34.8M |
| Q4 25 | $237.8K | $-28.0M | ||
| Q3 25 | $-1.1M | $-19.7M | ||
| Q2 25 | $121.8K | $119.6M | ||
| Q1 25 | $434.3K | $-20.7M | ||
| Q4 24 | $561.1K | $-48.8M | ||
| Q3 24 | $1.8M | $-12.5M | ||
| Q2 24 | $976.6K | $-16.6M | ||
| Q1 24 | $1.7M | $-25.5M |
| Q4 25 | 36.0% | 40.2% | ||
| Q3 25 | 37.9% | 36.6% | ||
| Q2 25 | 38.4% | 48.9% | ||
| Q1 25 | 35.6% | 36.8% | ||
| Q4 24 | 38.3% | 32.4% | ||
| Q3 24 | 43.8% | 44.5% | ||
| Q2 24 | 38.2% | 43.0% | ||
| Q1 24 | 40.0% | 26.5% |
| Q4 25 | 4.0% | -164.1% | ||
| Q3 25 | 4.2% | -166.1% | ||
| Q2 25 | 4.0% | -122.7% | ||
| Q1 25 | -1.7% | -106.5% | ||
| Q4 24 | 5.2% | -144.1% | ||
| Q3 24 | 11.8% | -48.0% | ||
| Q2 24 | 7.4% | -48.6% | ||
| Q1 24 | 10.6% | -34.4% |
| Q4 25 | 1.0% | -176.6% | ||
| Q3 25 | -4.9% | -155.3% | ||
| Q2 25 | 0.6% | 623.4% | ||
| Q1 25 | 2.3% | -86.5% | ||
| Q4 24 | 2.6% | -225.2% | ||
| Q3 24 | 7.9% | -43.7% | ||
| Q2 24 | 4.7% | -65.2% | ||
| Q1 24 | 8.2% | -73.3% |
| Q4 25 | $0.03 | $-0.85 | ||
| Q3 25 | $-0.11 | $-0.61 | ||
| Q2 25 | $0.01 | $3.72 | ||
| Q1 25 | $0.04 | $-0.77 | ||
| Q4 24 | $0.06 | $-1.93 | ||
| Q3 24 | $0.19 | $-0.50 | ||
| Q2 24 | $0.10 | $-0.68 | ||
| Q1 24 | $0.17 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.4M | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $72.4M | $112.9M |
| Total Assets | $104.0M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.4M | $81.8M | ||
| Q3 25 | $7.3M | $96.8M | ||
| Q2 25 | $6.8M | $117.6M | ||
| Q1 25 | $5.1M | $35.9M | ||
| Q4 24 | $5.6M | $19.2M | ||
| Q3 24 | $5.0M | $36.6M | ||
| Q2 24 | $5.8M | $45.8M | ||
| Q1 24 | $4.8M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $72.4M | $112.9M | ||
| Q3 25 | $72.1M | $133.1M | ||
| Q2 25 | $72.4M | $149.2M | ||
| Q1 25 | $69.7M | $3.7M | ||
| Q4 24 | $70.2M | $-11.7M | ||
| Q3 24 | $71.2M | $30.8M | ||
| Q2 24 | $68.9M | $40.3M | ||
| Q1 24 | $68.4M | $52.5M |
| Q4 25 | $104.0M | $211.0M | ||
| Q3 25 | $102.7M | $224.3M | ||
| Q2 25 | $99.3M | $239.5M | ||
| Q1 25 | $93.7M | $208.8M | ||
| Q4 24 | $94.0M | $193.6M | ||
| Q3 24 | $94.7M | $224.2M | ||
| Q2 24 | $89.3M | $230.8M | ||
| Q1 24 | $87.3M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $341.9K | $-4.3M |
| Free Cash FlowOCF − Capex | $-479.7K | $-16.2M |
| FCF MarginFCF / Revenue | -2.1% | -102.1% |
| Capex IntensityCapex / Revenue | 3.5% | 75.1% |
| Cash ConversionOCF / Net Profit | 1.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.8M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.9K | $-4.3M | ||
| Q3 25 | $-1.4M | $-12.0M | ||
| Q2 25 | $609.7K | $-35.1M | ||
| Q1 25 | $803.7K | $-8.4M | ||
| Q4 24 | $2.4M | $-19.2M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | $1.9M | $-4.4M | ||
| Q1 24 | — | $-8.8M |
| Q4 25 | $-479.7K | $-16.2M | ||
| Q3 25 | $-1.4M | $-20.4M | ||
| Q2 25 | $-171.2K | $-38.7M | ||
| Q1 25 | $293.1K | $-17.3M | ||
| Q4 24 | $1.2M | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | $869.4K | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | -2.1% | -102.1% | ||
| Q3 25 | -6.3% | -161.3% | ||
| Q2 25 | -0.8% | -201.7% | ||
| Q1 25 | 1.5% | -72.6% | ||
| Q4 24 | 5.5% | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | 4.2% | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | 3.5% | 75.1% | ||
| Q3 25 | 0.2% | 66.2% | ||
| Q2 25 | 3.6% | 18.8% | ||
| Q1 25 | 2.7% | 37.3% | ||
| Q4 24 | 5.7% | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | 5.2% | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | 1.44× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.01× | -0.29× | ||
| 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
| Inside The USA To Unaffiliated Customers | $7.5M | 32% |
| Natur Tec | $6.0M | 26% |
| Acobal | $3.6M | 15% |
| Other | $2.7M | 12% |
| BR | $2.1M | 9% |
| Zerust OY | $1.4M | 6% |
SPIR
Segment breakdown not available.
