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Side-by-side financial comparison of NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) and SS Innovations International, Inc. (SSII). 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 $14.5M, roughly 1.6× SS Innovations International, Inc.). NORTHERN TECHNOLOGIES INTERNATIONAL CORP runs the higher net margin — 1.0% vs -17.0%, a 18.0% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 9.2%). NORTHERN TECHNOLOGIES INTERNATIONAL CORP produced more free cash flow last quarter ($-479.7K vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
NTIC vs SSII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.3M | $14.5M |
| Net Profit | $237.8K | $-2.5M |
| Gross Margin | 36.0% | 43.9% |
| Operating Margin | 4.0% | -3.7% |
| Net Margin | 1.0% | -17.0% |
| Revenue YoY | 9.2% | 79.1% |
| Net Profit YoY | -57.6% | -28.5% |
| 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.
| Q4 25 | $23.3M | $14.5M | ||
| Q3 25 | $22.3M | $12.8M | ||
| Q2 25 | $21.5M | $10.0M | ||
| Q1 25 | $19.1M | $5.1M | ||
| Q4 24 | $21.3M | $8.1M | ||
| Q3 24 | $23.3M | $4.4M | ||
| Q2 24 | $20.7M | $4.5M | ||
| Q1 24 | $20.8M | $3.6M |
| Q4 25 | $237.8K | $-2.5M | ||
| Q3 25 | $-1.1M | $-3.7M | ||
| Q2 25 | $121.8K | $-256.7K | ||
| Q1 25 | $434.3K | $-5.7M | ||
| Q4 24 | $561.1K | $-1.9M | ||
| Q3 24 | $1.8M | $-3.2M | ||
| Q2 24 | $976.6K | $-4.1M | ||
| Q1 24 | $1.7M | $-9.8M |
| Q4 25 | 36.0% | 43.9% | ||
| Q3 25 | 37.9% | 48.1% | ||
| Q2 25 | 38.4% | 59.1% | ||
| Q1 25 | 35.6% | 21.2% | ||
| Q4 24 | 38.3% | 48.9% | ||
| Q3 24 | 43.8% | 52.8% | ||
| Q2 24 | 38.2% | 31.9% | ||
| Q1 24 | 40.0% | 20.0% |
| Q4 25 | 4.0% | -3.7% | ||
| Q3 25 | 4.2% | -14.3% | ||
| Q2 25 | 4.0% | 1.0% | ||
| Q1 25 | -1.7% | -115.6% | ||
| Q4 24 | 5.2% | -22.7% | ||
| Q3 24 | 11.8% | -73.1% | ||
| Q2 24 | 7.4% | -90.9% | ||
| Q1 24 | 10.6% | -270.3% |
| Q4 25 | 1.0% | -17.0% | ||
| Q3 25 | -4.9% | -29.0% | ||
| Q2 25 | 0.6% | -2.6% | ||
| Q1 25 | 2.3% | -111.0% | ||
| Q4 24 | 2.6% | -23.7% | ||
| Q3 24 | 7.9% | -74.0% | ||
| Q2 24 | 4.7% | -91.8% | ||
| Q1 24 | 8.2% | -270.5% |
| Q4 25 | $0.03 | $-0.01 | ||
| Q3 25 | $-0.11 | $-0.02 | ||
| Q2 25 | $0.01 | $0.00 | ||
| Q1 25 | $0.04 | $-0.03 | ||
| Q4 24 | $0.06 | $-0.01 | ||
| Q3 24 | $0.19 | $-0.02 | ||
| Q2 24 | $0.10 | $-0.02 | ||
| Q1 24 | $0.17 | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $72.4M | $38.2M |
| Total Assets | $104.0M | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.4M | $3.2M | ||
| Q3 25 | $7.3M | $5.7M | ||
| Q2 25 | $6.8M | $11.4M | ||
| Q1 25 | $5.1M | $15.9M | ||
| Q4 24 | $5.6M | $466.5K | ||
| Q3 24 | $5.0M | $220.4K | ||
| Q2 24 | $5.8M | $608.2K | ||
| Q1 24 | $4.8M | $948.1K |
| Q4 25 | $72.4M | $38.2M | ||
| Q3 25 | $72.1M | $39.6M | ||
| Q2 25 | $72.4M | $42.0M | ||
| Q1 25 | $69.7M | $40.6M | ||
| Q4 24 | $70.2M | $13.5M | ||
| Q3 24 | $71.2M | $13.7M | ||
| Q2 24 | $68.9M | $14.8M | ||
| Q1 24 | $68.4M | $16.7M |
| Q4 25 | $104.0M | $74.2M | ||
| Q3 25 | $102.7M | $69.6M | ||
| Q2 25 | $99.3M | $70.0M | ||
| Q1 25 | $93.7M | $63.5M | ||
| Q4 24 | $94.0M | $42.4M | ||
| Q3 24 | $94.7M | $39.0M | ||
| Q2 24 | $89.3M | $35.7M | ||
| Q1 24 | $87.3M | $35.2M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | $-479.7K | $-3.2M |
| FCF MarginFCF / Revenue | -2.1% | -22.3% |
| Capex IntensityCapex / Revenue | 3.5% | 11.8% |
| Cash ConversionOCF / Net Profit | 1.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.8M | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.9K | $-1.5M | ||
| Q3 25 | $-1.4M | $-7.5M | ||
| Q2 25 | $609.7K | $-3.5M | ||
| Q1 25 | $803.7K | $-6.1M | ||
| Q4 24 | $2.4M | $-3.3M | ||
| Q3 24 | — | $-2.5M | ||
| Q2 24 | $1.9M | $-1.0M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | $-479.7K | $-3.2M | ||
| Q3 25 | $-1.4M | $-8.2M | ||
| Q2 25 | $-171.2K | $-3.8M | ||
| Q1 25 | $293.1K | $-7.0M | ||
| Q4 24 | $1.2M | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | $869.4K | $-3.1M | ||
| Q1 24 | — | $-2.8M |
| Q4 25 | -2.1% | -22.3% | ||
| Q3 25 | -6.3% | -64.1% | ||
| Q2 25 | -0.8% | -37.7% | ||
| Q1 25 | 1.5% | -136.2% | ||
| Q4 24 | 5.5% | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | 4.2% | -69.5% | ||
| Q1 24 | — | -76.9% |
| Q4 25 | 3.5% | 11.8% | ||
| Q3 25 | 0.2% | 5.9% | ||
| Q2 25 | 3.6% | 3.2% | ||
| Q1 25 | 2.7% | 17.0% | ||
| Q4 24 | 5.7% | 1.5% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | 5.2% | 46.8% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 1.44× | — | ||
| Q3 25 | — | — | ||
| 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
| 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% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
