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NSYS logoNortech Systems Incorporated(NSYS)Earnings, Financials & Key Ratios

NSYS•NASDAQ
$12.52
$35M mkt cap·Price updated May 7, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustryElectronics Manufacturing and Circuit Boards
AboutNortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services. The company also provides manufacturing and engineering services for medical devices, printed circuit board assemblies, wire and cable assemblies, and higher-level electromechanical assemblies. In addition, it offers engineering and repair services. The company serves original equipment manufacturers in the aerospace and defense, medical, and industrial markets through business development teams and independent manufacturers' representatives. Nortech Systems Incorporated was founded in 1990 and is headquartered in Maple Grove, Minnesota.Show more
  • Revenue$128M-8.0%
  • EBITDA$2M-80.7%
  • Net Income-$1M-118.8%
  • EPS (Diluted)-0.47-119.7%
  • Gross Margin13.05%-21.3%
  • EBITDA Margin1.2%-79.0%
  • Operating Margin-0.15%-103.6%
  • Net Margin-1.01%-120.5%
  • ROE-3.73%-117.2%
  • ROIC-0.29%-103.0%
  • Debt/Equity0.53+32.2%
  • Interest Coverage-0.26-102.1%
Technical→

NSYS Key Insights

Nortech Systems Incorporated (NSYS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 89 (top 11%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 4.4% through buybacks
  • ✓Trading at only 1.0x book value
  • ✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NSYS Price & Volume

Nortech Systems Incorporated (NSYS) stock price & volume — 10-year historical chart

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NSYS Growth Metrics

Nortech Systems Incorporated (NSYS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.35%
5 Years1.95%
3 Years3.62%
TTM-13.94%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-157.93%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-161.4%

Return on Capital

10 Years2.27%
5 Years4.32%
3 Years7.15%
Last Year-0.39%

NSYS Peer Comparison

Nortech Systems Incorporated (NSYS) competitors in Electronics Manufacturing and Circuit Boards — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SCSC logoSCSCScanSource, Inc.Direct Competitor952.37M43.4014.47-6.72%2.38%8.07%0.16
MEI logoMEIMethode Electronics, Inc.Direct Competitor327.53M9.25-5.26-5.96%-6.58%-9.42%0.50
PLXS logoPLXSPlexus Corp.Direct Competitor6.98B260.7141.651.82%4.35%12.83%0.12
SANM logoSANMSanmina CorporationDirect Competitor12.95B237.0953.167.4%2.29%7.05%0.16
VICR logoVICRVicor CorporationDirect Competitor11.79B261.34100.1313.55%26.19%18.73%0.02
JBL logoJBLJabil Inc.Product Competitor37.58B349.6659.063.18%2.48%58.84%2.22
CLS logoCLSCelestica Inc.Product Competitor44.29B385.2152.8430.71%6.95%47.71%0.41
BHE logoBHEBenchmark Electronics, Inc.Product Competitor3.01B83.85123.310.11%1.27%3.1%0.37

Compare NSYS vs Peers

Nortech Systems Incorporated (NSYS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SCSC

Most directly comparable listed peer for NSYS.

Scale Benchmark

vs APH

Larger-name benchmark to compare NSYS against a more recognizable public peer.

Peer Set

Compare Top 5

vs SCSC, MEI, PLXS, SANM

NSYS Income Statement

Nortech Systems Incorporated (NSYS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue116.62M112.33M113.37M116.33M104.11M115.17M134.12M139.33M128.13M116.67M
Revenue Growth %1.24%-3.68%0.92%2.61%-10.51%10.63%16.46%3.88%-8.04%-13.94%
Cost of Goods Sold102.78M100.22M100.06M103.76M95.65M99.3M113.64M116.23M111.41M100.91M
COGS % of Revenue88.13%89.21%88.26%89.19%91.88%86.23%84.73%83.42%86.95%-
Gross Profit
13.84M▲ 0%
12.12M▼ 12.4%
13.31M▲ 9.8%
12.58M▼ 5.5%
8.46M▼ 32.8%
15.86M▲ 87.6%
20.48M▲ 29.1%
23.1M▲ 12.8%
16.72M▼ 27.6%
15.76M▲ 0%
Gross Margin %11.87%10.79%11.74%10.81%8.12%13.77%15.27%16.58%13.05%13.51%
Gross Profit Growth %14.77%-12.45%9.85%-5.52%-32.77%87.63%29.1%12.81%-27.62%-
Operating Expenses13.21M12.83M12.06M12.35M10.52M13.59M16.59M17.15M16.92M16.91M
OpEx % of Revenue11.33%11.42%10.64%10.62%10.1%11.8%12.37%12.31%13.2%-
Selling, General & Admin13.21M12.83M12.06M12.35M10.52M12.36M15.14M15.95M15.15M15.15M
SG&A % of Revenue11.33%11.42%10.64%10.62%10.1%10.73%11.29%11.45%11.83%-
Research & Development00000483K1.46M1.2M1.19M1.19M
R&D % of Revenue-----0.42%1.09%0.86%0.93%-
Other Operating Expenses00000746K-15K0571K570K
Operating Income
629.06K▲ 0%
-1.27M▼ 301.6%
1.25M▲ 198.5%
224K▼ 82.1%
-2.06M▼ 1020.5%
2.27M▲ 210.2%
3.89M▲ 71.1%
5.95M▲ 53.1%
-195K▼ 103.3%
-1.15M▲ 0%
Operating Margin %0.54%-1.13%1.1%0.19%-1.98%1.97%2.9%4.27%-0.15%-0.99%
Operating Income Growth %249.05%-301.63%198.47%-82.07%-1020.54%210.18%71.13%53.11%-103.28%-
EBITDA2.92M1.15M3.44M2.44M131K4.22M5.81M8M1.54M166K
EBITDA Margin %2.51%1.03%3.03%2.1%0.13%3.67%4.33%5.74%1.2%0.14%
EBITDA Growth %59.21%-60.53%197.85%-28.88%-94.64%3122.9%37.52%37.84%-80.72%-97.05%
D&A (Non-Cash Add-back)2.3M2.42M2.19M2.22M2.19M1.95M1.92M2.05M1.74M1.32M
EBIT629.06K-1.44M1.25M224K-616K8.44M3.89M5.95M-195K-1.15M
Net Interest Income-550.29K-628K-757K-1.04M-620K-430K-411K-487K-744K-940K
Interest Income0000000000
Interest Expense550.29K627.55K757K1.04M620K430K411K487K744K940K
Other Income/Expense-550.29K-802.77K-757K-1.04M826K5.74M-411K-487K-744K-940K
Pretax Income
78.77K▲ 0%
-2.07M▼ 2728.8%
492K▲ 123.8%
-819K▼ 266.5%
-1.24M▼ 50.9%
8.01M▲ 748.3%
3.48M▼ 56.6%
5.47M▲ 57.2%
-939K▼ 117.2%
-2.09M▲ 0%
Pretax Margin %0.07%-1.84%0.43%-0.7%-1.19%6.96%2.59%3.92%-0.73%-1.79%
Income Tax35K375K326K409K310K859K1.47M-1.41M356K534K
Effective Tax Rate %44.43%-18.11%66.26%-49.94%-25.08%10.72%42.19%-25.76%-37.91%-25.51%
Net Income
43.77K▲ 0%
-2.45M▼ 5687.3%
166K▲ 106.8%
-1.23M▼ 839.8%
-1.55M▼ 25.9%
7.15M▲ 562.7%
2.01M▼ 71.9%
6.87M▲ 242.0%
-1.29M▼ 118.8%
-2.63M▲ 0%
Net Margin %0.04%-2.18%0.15%-1.06%-1.49%6.21%1.5%4.93%-1.01%-2.25%
Net Income Growth %107.66%-5687.28%106.79%-839.76%-25.9%562.74%-71.9%241.99%-118.84%-157.93%
Net Income (Continuing)43.77K-2.45M166K-1.23M-1.55M7.15M2.01M6.87M-1.29M-2.63M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
0.02▲ 0%
-0.89▼ 4550.0%
0.06▲ 106.9%
-0.46▼ 848.0%
-0.58▼ 26.1%
2.54▲ 537.9%
0.70▼ 72.4%
2.38▲ 240.0%
-0.47▼ 119.7%
-0.94▲ 0%
EPS Growth %109.52%-4550%106.91%-847.97%-26.09%537.93%-72.44%240%-119.75%-161.4%
EPS (Basic)0.02-0.890.06-0.46-0.582.680.752.53-0.47-
Diluted Shares Outstanding2.75M2.75M2.7M2.67M2.66M2.82M2.89M2.89M2.76M2.79M
Basic Shares Outstanding2.75M2.75M2.69M2.67M2.66M2.66M2.69M2.72M2.76M2.79M
Dividend Payout Ratio----------

NSYS Balance Sheet

Nortech Systems Incorporated (NSYS) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets39.49M37.77M45.86M43.28M41.04M51.77M54.86M58.79M55.31M59.21M
Cash & Short-Term Investments268.2K472.89K480K351K352K643K1.03M960K916K1.27M
Cash Only268.2K472.89K480K351K352K643K1.03M960K916K1.27M
Short-Term Investments0000000000
Accounts Receivable17.52M17.65M26.52M26.22M21.52M28.45M28.61M33.76M28.67M34.14M
Days Sales Outstanding54.8357.3485.482.2675.4690.1877.8588.4481.6697.51
Inventory20.65M18.53M17M14.28M13.92M19.43M22.44M21.66M21.64M18.43M
Days Inventory Outstanding73.3567.4862.0350.2353.1171.4372.0768.0270.8971.98
Other Current Assets00467K309K3.21M1.58M1.45M715K4.09M0
Total Non-Current Assets16.03M14.32M14.1M18.13M16.6M15.32M14.68M16.33M17.12M15.55M
Property, Plant & Equipment10.33M10.2M10.21M14.41M15.42M14.82M14.26M13.43M14.37M12.63M
Fixed Asset Turnover11.29x11.01x11.11x8.07x6.75x7.77x9.41x10.37x8.92x8.74x
Goodwill3.28M2.38M2.38M2.38M000000
Intangible Assets1.86M1.74M1.52M1.34M1.17M501K422K263K174K160K
Long-Term Investments0-28.45K00000000
Other Non-Current Assets7.73K7.73K00000002.88M
Total Assets
55.52M▲ 0%
52.09M▼ 6.2%
59.96M▲ 15.1%
61.41M▲ 2.4%
57.63M▼ 6.1%
67.09M▲ 16.4%
69.54M▲ 3.7%
75.13M▲ 8.0%
72.44M▼ 3.6%
74.76M▲ 0%
Asset Turnover2.10x2.16x1.89x1.89x1.81x1.72x1.93x1.85x1.77x1.58x
Asset Growth %-1.85%-6.18%15.12%2.42%-6.15%16.41%3.65%8.03%-3.58%-10.88%
Total Current Liabilities20.31M18.04M24.89M22.23M19.54M22.31M26.4M26.58M21.43M33.6M
Accounts Payable13.83M11.7M18.14M14.01M11.24M12.71M14.79M15.92M11.58M11.68M
Days Payables Outstanding49.142.6166.1849.342.8946.7247.5150.0137.9440.92
Short-Term Debt1.57M1M780K444K1.2M000012.03M
Deferred Revenue (Current)0-1.3M-1.12M0003.52M05.14M15.34M
Other Current Liabilities0-33000004.07M04.72M
Current Ratio1.94x2.09x1.84x1.95x2.10x2.32x2.08x2.21x2.58x2.58x
Quick Ratio0.93x1.07x1.16x1.30x1.39x1.45x1.23x1.40x1.57x1.57x
Cash Conversion Cycle79.0882.2181.2483.1985.68114.9102.41106.45114.61128.57
Total Non-Current Liabilities12.9M14.21M13.98M19.2M19.38M18.67M15.06M13.2M17M7.79M
Long-Term Debt12.21M12.86M12.89M13.27M9.19M8.96M6.85M5.82M8.63M0
Capital Lease Obligations01.22M951K5.82M10.04M9.61M8.11M6.97M8.08M31.26M
Deferred Tax Liabilities892K484K00000000
Other Non-Current Liabilities689.2K137.55K139K118K146K104K95K414K284K1.15M
Total Liabilities33.2M32.26M38.87M41.43M38.92M40.98M41.46M39.78M38.43M41.4M
Total Debt13.77M14.21M13.98M20.94M21.79M20.21M16.51M14.18M18.04M21.1M
Net Debt13.5M13.74M13.5M20.59M21.43M19.57M15.48M13.22M17.12M19.82M
Debt / Equity0.62x0.72x0.66x1.05x1.16x0.77x0.59x0.40x0.53x0.53x
Debt / EBITDA4.71x12.32x4.07x8.57x166.31x4.79x2.84x1.77x11.69x127.08x
Net Debt / EBITDA4.62x11.91x3.93x8.42x163.62x4.64x2.67x1.65x11.10x11.10x
Interest Coverage1.14x-2.02x1.65x0.21x-3.33x5.28x9.46x12.22x-0.26x-1.23x
Total Equity
22.31M▲ 0%
19.83M▼ 11.2%
21.09M▲ 6.4%
19.98M▼ 5.3%
18.72M▼ 6.3%
26.11M▲ 39.5%
28.08M▲ 7.5%
35.34M▲ 25.9%
34.01M▼ 3.8%
33.36M▲ 0%
Equity Growth %0.19%-11.16%6.38%-5.28%-6.3%39.5%7.54%25.87%-3.79%-26.77%
Book Value per Share8.127.227.817.507.049.259.7112.2512.3311.98
Total Shareholders' Equity22.31M19.83M21.09M19.98M18.72M26.11M28.08M35.34M34.01M33.36M
Common Stock27.48K27.39K27K27K27K27K27K27K28K28K
Retained Earnings6.34M3.89M5.44M4.21M2.66M9.82M11.83M18.67M17.38M16.23M
Treasury Stock0000000000
Accumulated OCI-44.45K-100.78K-233K-257K-37K56K-370K-532K-977K-868K
Minority Interest0000000000

NSYS Cash Flow Statement

Nortech Systems Incorporated (NSYS) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations3.53M806.25K2.44M997K1.36M-4.54M5.4M1.77M-2.25M-2.25M
Operating CF Margin %3.03%0.72%2.16%0.86%1.31%-3.94%4.03%1.27%-1.76%-
Operating CF Growth %4.1%-77.19%203.13%-59.21%36.71%-433.09%218.99%-67.25%-227.19%286.73%
Net Income43.77K-2.45M166K-1.23M-1.55M7.15M2.01M6.87M-1.29M-2.63M
Depreciation & Amortization2.3M2.5M2.19M2.22M2.19M1.95M1.92M2.05M1.74M1.32M
Stock-Based Compensation99443.2K126K261K68K259K334K423K461K362K
Deferred Taxes-202K439.58K1K20K000-2.36M-12K511K
Other Non-Cash Items-328.64K-442.4K281K519K-658K-4.53M-230K50K95K-278K
Working Capital Changes1.72M711.24K-319K-796K1.31M-9.38M1.37M-5.27M-3.24M-1.36M
Change in Receivables1.07M577.66K-2.75M586K4.1M-1.67M188K-6.13M4.76M-2.8M
Change in Inventory-489.08K1.96M-3.88M2.34M-216K-4.61M-2.98M716K280K3.35M
Change in Payables817.23K-2.11M6.03M-3.68M-2.95M02.22M483K-3.96M-182K
Cash from Investing-1.95M-258.35K-1.39M-758K5.5M-730K-2.43M-1.28M-1.26M-305K
Capital Expenditures-1.96M-927.14K-1.4M-719K-485K-1.29M-2.37M-1.28M-1.27M-807K
CapEx % of Revenue1.68%0.83%1.24%0.62%0.47%1.12%1.77%0.92%0.99%-
Acquisitions3K668.79K14K000000495K
Investments----------
Other Investing3K668.79K14K-39K5.99M562K-56K07K7K
Cash from Financing-1.39M-38.59K-889K-525K-3.96M3.93M-2.67M-1.28M2.77M2.42M
Debt Issued (Net)-1.37M259K-613K-402K-3.96M3.9M-2.72M-1.44M2.83M2.42M
Equity Issued (Net)4.82K-30K-276K-130K0000-100K-33K
Dividends Paid0000000000
Share Repurchases0-30K-276K-130K0000-100K-33K
Other Financing-25.15K-267K07K035K51K159K38K30K
Net Change in Cash
267.32K▲ 0%
510.37K▲ 90.9%
168K▼ 67.1%
-287K▼ 270.8%
2.9M▲ 1111.8%
-1.34M▼ 146.1%
256K▲ 119.1%
-806K▼ 414.8%
-759K▲ 5.8%
32K▲ 0%
Free Cash Flow
1.58M▲ 0%
-120.89K▼ 107.7%
1.04M▲ 960.3%
239K▼ 77.0%
844K▲ 253.1%
-5.83M▼ 791.0%
2.96M▲ 150.8%
485K▼ 83.6%
-3.52M▼ 825.8%
-2.88M▲ 0%
FCF Margin %1.35%-0.11%0.92%0.21%0.81%-5.06%2.21%0.35%-2.75%-2.47%
FCF Growth %-8.08%-107.66%960.27%-77.02%253.14%-791%150.77%-83.62%-825.77%37.39%
FCF per Share0.57-0.040.390.090.32-2.071.020.17-1.28-1.28
FCF Conversion (FCF/Net Income)80.74x-0.33x14.72x-0.81x-0.88x-0.63x2.69x0.26x1.74x1.10x
Interest Paid499.11K538K719K980K577K316K476K503K764K436K
Taxes Paid110.59K20K335K194K855K0237K1.75M473K278K

NSYS Key Ratios

Nortech Systems Incorporated (NSYS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)0.2%-11.61%0.81%-5.98%-7.99%31.92%7.42%21.68%-3.73%-7.88%
Return on Invested Capital (ROIC)1.3%-2.74%2.75%0.45%-3.83%3.97%6.53%9.69%-0.29%-0.29%
Gross Margin11.87%10.79%11.74%10.81%8.12%13.77%15.27%16.58%13.05%13.51%
Net Margin0.04%-2.18%0.15%-1.06%-1.49%6.21%1.5%4.93%-1.01%-2.25%
Debt / Equity0.62x0.72x0.66x1.05x1.16x0.77x0.59x0.40x0.53x0.53x
Interest Coverage1.14x-2.02x1.65x0.21x-3.33x5.28x9.46x12.22x-0.26x-1.23x
FCF Conversion80.74x-0.33x14.72x-0.81x-0.88x-0.63x2.69x0.26x1.74x1.10x
Revenue Growth1.24%-3.68%0.92%2.61%-10.51%10.63%16.46%3.88%-8.04%-13.94%

NSYS Frequently Asked Questions

Nortech Systems Incorporated (NSYS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Nortech Systems Incorporated (NSYS) reported $116.7M in revenue for fiscal year 2024. This represents a 538% increase from $18.3M in 1995.

Nortech Systems Incorporated (NSYS) saw revenue decline by 8.0% over the past year.

Nortech Systems Incorporated (NSYS) reported a net loss of $2.6M for fiscal year 2024.

Dividend & Returns

Nortech Systems Incorporated (NSYS) has a return on equity (ROE) of -3.7%. Negative ROE indicates the company is unprofitable.

Nortech Systems Incorporated (NSYS) had negative free cash flow of $2.9M in fiscal year 2024, likely due to heavy capital investments.

Explore More NSYS

Nortech Systems Incorporated (NSYS) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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