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Side-by-side financial comparison of NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $23.3M, roughly 1.5× NORTHERN TECHNOLOGIES INTERNATIONAL CORP). Spok Holdings, Inc runs the higher net margin — 8.7% vs 1.0%, a 7.6% gap on every dollar of revenue. On growth, NORTHERN TECHNOLOGIES INTERNATIONAL CORP posted the faster year-over-year revenue change (9.2% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-479.7K). Over the past eight quarters, NORTHERN TECHNOLOGIES INTERNATIONAL CORP's revenue compounded faster (5.8% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
NTIC vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.3M | $33.9M |
| Net Profit | $237.8K | $2.9M |
| Gross Margin | 36.0% | 76.7% |
| Operating Margin | 4.0% | 11.6% |
| Net Margin | 1.0% | 8.7% |
| Revenue YoY | 9.2% | -0.1% |
| Net Profit YoY | -57.6% | -19.6% |
| EPS (diluted) | $0.03 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $22.3M | $33.9M | ||
| Q2 25 | $21.5M | $35.7M | ||
| Q1 25 | $19.1M | $36.3M | ||
| Q4 24 | $21.3M | $33.9M | ||
| Q3 24 | $23.3M | $34.9M | ||
| Q2 24 | $20.7M | $34.0M | ||
| Q1 24 | $20.8M | $34.9M |
| Q4 25 | $237.8K | $2.9M | ||
| Q3 25 | $-1.1M | $3.2M | ||
| Q2 25 | $121.8K | $4.6M | ||
| Q1 25 | $434.3K | $5.2M | ||
| Q4 24 | $561.1K | $3.6M | ||
| Q3 24 | $1.8M | $3.7M | ||
| Q2 24 | $976.6K | $3.4M | ||
| Q1 24 | $1.7M | $4.2M |
| Q4 25 | 36.0% | 76.7% | ||
| Q3 25 | 37.9% | 78.3% | ||
| Q2 25 | 38.4% | 79.5% | ||
| Q1 25 | 35.6% | 80.1% | ||
| Q4 24 | 38.3% | 78.5% | ||
| Q3 24 | 43.8% | 79.5% | ||
| Q2 24 | 38.2% | 78.9% | ||
| Q1 24 | 40.0% | 79.5% |
| Q4 25 | 4.0% | 11.6% | ||
| Q3 25 | 4.2% | 12.9% | ||
| Q2 25 | 4.0% | 15.1% | ||
| Q1 25 | -1.7% | 16.6% | ||
| Q4 24 | 5.2% | 13.7% | ||
| Q3 24 | 11.8% | 14.2% | ||
| Q2 24 | 7.4% | 13.2% | ||
| Q1 24 | 10.6% | 14.0% |
| Q4 25 | 1.0% | 8.7% | ||
| Q3 25 | -4.9% | 9.5% | ||
| Q2 25 | 0.6% | 12.8% | ||
| Q1 25 | 2.3% | 14.3% | ||
| Q4 24 | 2.6% | 10.8% | ||
| Q3 24 | 7.9% | 10.5% | ||
| Q2 24 | 4.7% | 10.1% | ||
| Q1 24 | 8.2% | 12.1% |
| Q4 25 | $0.03 | $0.13 | ||
| Q3 25 | $-0.11 | $0.15 | ||
| Q2 25 | $0.01 | $0.22 | ||
| Q1 25 | $0.04 | $0.25 | ||
| Q4 24 | $0.06 | $0.17 | ||
| Q3 24 | $0.19 | $0.18 | ||
| Q2 24 | $0.10 | $0.17 | ||
| Q1 24 | $0.17 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $72.4M | $146.4M |
| Total Assets | $104.0M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.4M | $25.3M | ||
| Q3 25 | $7.3M | $21.4M | ||
| Q2 25 | $6.8M | $20.2M | ||
| Q1 25 | $5.1M | $19.9M | ||
| Q4 24 | $5.6M | $29.1M | ||
| Q3 24 | $5.0M | $27.8M | ||
| Q2 24 | $5.8M | $23.9M | ||
| Q1 24 | $4.8M | $23.3M |
| Q4 25 | $72.4M | $146.4M | ||
| Q3 25 | $72.1M | $148.7M | ||
| Q2 25 | $72.4M | $150.9M | ||
| Q1 25 | $69.7M | $151.7M | ||
| Q4 24 | $70.2M | $154.7M | ||
| Q3 24 | $71.2M | $156.3M | ||
| Q2 24 | $68.9M | $158.2M | ||
| Q1 24 | $68.4M | $160.2M |
| Q4 25 | $104.0M | $206.1M | ||
| Q3 25 | $102.7M | $209.7M | ||
| Q2 25 | $99.3M | $208.7M | ||
| Q1 25 | $93.7M | $204.5M | ||
| Q4 24 | $94.0M | $217.1M | ||
| Q3 24 | $94.7M | $216.8M | ||
| Q2 24 | $89.3M | $216.4M | ||
| Q1 24 | $87.3M | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | $-479.7K | $10.1M |
| FCF MarginFCF / Revenue | -2.1% | 29.9% |
| Capex IntensityCapex / Revenue | 3.5% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.44× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.8M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.9K | $11.5M | ||
| Q3 25 | $-1.4M | $8.1M | ||
| Q2 25 | $609.7K | $7.0M | ||
| Q1 25 | $803.7K | $2.3M | ||
| Q4 24 | $2.4M | $8.4M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | $1.9M | $7.4M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | $-479.7K | $10.1M | ||
| Q3 25 | $-1.4M | $7.6M | ||
| Q2 25 | $-171.2K | $6.0M | ||
| Q1 25 | $293.1K | $1.5M | ||
| Q4 24 | $1.2M | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | $869.4K | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | -2.1% | 29.9% | ||
| Q3 25 | -6.3% | 22.4% | ||
| Q2 25 | -0.8% | 16.8% | ||
| Q1 25 | 1.5% | 4.2% | ||
| Q4 24 | 5.5% | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | 4.2% | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 3.5% | 4.1% | ||
| Q3 25 | 0.2% | 1.6% | ||
| Q2 25 | 3.6% | 2.9% | ||
| Q1 25 | 2.7% | 2.1% | ||
| Q4 24 | 5.7% | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | 5.2% | 1.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 1.44× | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | 5.01× | 1.55× | ||
| Q1 25 | 1.85× | 0.43× | ||
| Q4 24 | 4.27× | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | 1.99× | 2.17× | ||
| Q1 24 | — | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
