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NSYSNortech Systems Incorporated
$17.38$48M
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NSYS logoNortech Systems Incorporated(NSYS)Earnings, Financials & Key Ratios

NSYS•NASDAQ
Price updated Jun 19, 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%

NSYS Key Insights

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

✓Strengths

  • ✓Momentum leader: RS Rating 94 (top 6%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 4.4% through buybacks
  • ✓Trading near 52-week high
  • ✓Trading at only 1.4x 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.

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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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SCSC logoSCSCScanSource, Inc.Direct Competitor1.01B49.6316.54-6.72%2.38%8.07%0.16
MEI logoMEIMethode Electronics, Inc.Direct Competitor496.42M14.02-7.97-5.96%-6.58%-9.42%0.50
PLXS logoPLXSPlexus Corp.Direct Competitor8.04B299.9747.921.82%4.35%12.83%0.12
SANM logoSANMSanmina CorporationDirect Competitor13.19B241.4954.157.4%2.29%7.05%0.16
VICR logoVICRVicor CorporationDirect Competitor14.95B331.37126.9613.55%26.19%18.73%0.02
JBL logoJBLJabil Inc.Product Competitor39.23B371.8862.823.18%2.57%62.24%2.22
CLS logoCLSCelestica Inc.Product Competitor42.83B372.5551.1030.71%6.95%47.71%0.41
BHE logoBHEBenchmark Electronics, Inc.Product Competitor3.31B92.17135.540.11%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
MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue
116.62M112.33M113.37M116.33M104.11M115.17M134.12M139.33M128.13M116.67M
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 Sold
102.78M100.22M100.06M103.76M95.65M99.3M113.64M116.23M111.41M100.91M
COGS % of Revenue
88.13%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 Expenses
13.21M12.83M12.06M12.35M10.52M13.59M16.59M17.15M16.92M16.91M
OpEx % of Revenue
11.33%11.42%10.64%10.62%10.1%11.8%12.37%12.31%13.2%-
Selling, General & Admin
13.21M12.83M12.06M12.35M10.52M12.36M15.14M15.95M15.15M15.15M
SG&A % of Revenue
11.33%11.42%10.64%10.62%10.1%10.73%11.29%11.45%11.83%-
Research & Development
00000483K1.46M1.2M1.19M1.19M
R&D % of Revenue
-----0.42%1.09%0.86%0.93%-
Other Operating Expenses
00000746K-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%-
EBITDA
2.92M1.15M3.44M2.44M131K4.22M5.81M8M1.54M166K
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
EBIT
629.06K-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 Income
0000000000
Interest Expense
550.29K627.55K757K1.04M620K430K411K487K744K940K
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 Tax
35K375K326K409K310K859K1.47M-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 Operations
0000000000
Minority Interest
0000000000
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 Outstanding
2.75M2.75M2.7M2.67M2.66M2.82M2.89M2.89M2.76M2.79M
Basic Shares Outstanding
2.75M2.75M2.69M2.67M2.66M2.66M2.69M2.72M2.76M2.79M
Dividend Payout Ratio
----------

NSYS Balance Sheet

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

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets
39.49M37.77M45.86M43.28M41.04M51.77M54.86M58.79M55.31M59.21M
Cash & Short-Term Investments
268.2K472.89K480K351K352K643K1.03M960K916K1.27M
Cash Only
268.2K472.89K480K351K352K643K1.03M960K916K1.27M
Short-Term Investments
0000000000
Accounts Receivable
17.52M17.65M26.52M26.22M21.52M28.45M28.61M33.76M28.67M34.14M
Days Sales Outstanding
54.8357.3485.482.2675.4690.1877.8588.4481.6697.51
Inventory
20.65M18.53M17M14.28M13.92M19.43M22.44M21.66M21.64M18.43M
Days Inventory Outstanding
73.3567.4862.0350.2353.1171.4372.0768.0270.8971.98
Other Current Assets
00467K309K3.21M1.58M1.45M715K4.09M0
Total Non-Current Assets
16.03M14.32M14.1M18.13M16.6M15.32M14.68M16.33M17.12M15.55M
Property, Plant & Equipment
10.33M10.2M10.21M14.41M15.42M14.82M14.26M13.43M14.37M12.63M
Fixed Asset Turnover
11.29x11.01x11.11x8.07x6.75x7.77x9.41x10.37x8.92x8.74x
Goodwill
3.28M2.38M2.38M2.38M000000
Intangible Assets
1.86M1.74M1.52M1.34M1.17M501K422K263K174K160K
Long-Term Investments
0-28.45K00000000
Other Non-Current Assets
7.73K7.73K00000002.76M
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 Turnover
2.10x2.16x1.89x1.89x1.81x1.72x1.93x1.85x1.77x1.58x
Asset Growth %
-1.85%-6.18%15.12%2.42%-6.15%16.41%3.65%8.03%-3.58%-10.88%
Total Current Liabilities
20.31M18.04M24.89M22.23M19.54M22.31M26.4M26.58M21.43M33.6M
Accounts Payable
13.83M11.7M18.14M14.01M11.24M12.71M14.79M15.92M11.58M11.68M
Days Payables Outstanding
49.142.6166.1849.342.8946.7247.5150.0137.9440.92
Short-Term Debt
1.57M1M780K444K1.2M000012.03M
Deferred Revenue (Current)
0-1.3M-1.12M0003.52M05.14M15.34M
Other Current Liabilities
0-33000004.07M04.72M
Current Ratio
1.94x2.09x1.84x1.95x2.10x2.32x2.08x2.21x2.58x1.76x
Quick Ratio
0.93x1.07x1.16x1.30x1.39x1.45x1.23x1.40x1.57x1.21x
Cash Conversion Cycle
79.0882.2181.2483.1985.68114.9102.41106.45114.61128.57
Total Non-Current Liabilities
12.9M14.21M13.98M19.2M19.38M18.67M15.06M13.2M17M7.79M
Long-Term Debt
12.21M12.86M12.89M13.27M9.19M8.96M6.85M5.82M8.63M0
Capital Lease Obligations
01.22M951K5.82M10.04M9.61M8.11M6.97M8.08M31.26M
Deferred Tax Liabilities
892K484K00000000
Other Non-Current Liabilities
689.2K137.55K139K118K146K104K95K414K284K287K
Total Liabilities
33.2M32.26M38.87M41.43M38.92M40.98M41.46M39.78M38.43M41.4M
Total Debt
13.77M14.21M13.98M20.94M21.79M20.21M16.51M14.18M18.04M21.1M
Net Debt
13.5M13.74M13.5M20.59M21.43M19.57M15.48M13.22M17.12M19.82M
Debt / Equity
0.62x0.72x0.66x1.05x1.16x0.77x0.59x0.40x0.53x0.63x
Debt / EBITDA
4.71x12.32x4.07x8.57x166.31x4.79x2.84x1.77x11.69x127.08x
Net Debt / EBITDA
4.62x11.91x3.93x8.42x163.62x4.64x2.67x1.65x11.10x119.43x
Interest Coverage
1.14x-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 Share
8.127.227.817.507.049.259.7112.2512.3311.98
Total Shareholders' Equity
22.31M19.83M21.09M19.98M18.72M26.11M28.08M35.34M34.01M33.36M
Common Stock
27.48K27.39K27K27K27K27K27K27K28K28K
Retained Earnings
6.34M3.89M5.44M4.21M2.66M9.82M11.83M18.67M17.38M16.23M
Treasury Stock
0000000000
Accumulated OCI
-44.45K-100.78K-233K-257K-37K56K-370K-532K-977K-868K
Minority Interest
0000000000

NSYS Cash Flow Statement

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

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations
3.53M806.25K2.44M997K1.36M-4.54M5.4M1.77M-2.25M-2.07M
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 Income
43.77K-2.45M166K-1.23M-1.55M7.15M2.01M6.87M-1.29M-2.63M
Depreciation & Amortization
2.3M2.5M2.19M2.22M2.19M1.95M1.92M2.05M1.74M1.32M
Stock-Based Compensation
99443.2K126K261K68K259K334K423K461K362K
Deferred Taxes
-202K439.58K1K20K000-2.36M-12K511K
Other Non-Cash Items
-328.64K-442.4K281K519K-658K-4.53M-230K50K95K-278K
Working Capital Changes
1.72M711.24K-319K-796K1.31M-9.38M1.37M-5.27M-3.24M-1.36M
Change in Receivables
1.07M577.66K-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 Payables
817.23K-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 Revenue
1.68%0.83%1.24%0.62%0.47%1.12%1.77%0.92%0.99%0.69%
Acquisitions
3K668.79K14K000000495K
Investments
----------
Other Investing
3K668.79K14K-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 Paid
0000000000
Share Repurchases
0-30K-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 Share
0.57-0.040.390.090.32-2.071.020.17-1.28-1.03
FCF Conversion (FCF/Net Income)
80.74x-0.33x14.72x-0.81x-0.88x-0.63x2.69x0.26x1.74x1.10x
Interest Paid
499.11K538K719K980K577K316K476K503K764K436K
Taxes Paid
110.59K20K335K194K855K0237K1.75M473K278K

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%-1.64%
Gross Margin
11.87%10.79%11.74%10.81%8.12%13.77%15.27%16.58%13.05%13.51%
Net Margin
0.04%-2.18%0.15%-1.06%-1.49%6.21%1.5%4.93%-1.01%-2.25%
Debt / Equity
0.62x0.72x0.66x1.05x1.16x0.77x0.59x0.40x0.53x0.63x
Interest Coverage
1.14x-2.02x1.65x0.21x-3.33x5.28x9.46x12.22x-0.26x-1.23x
FCF Conversion
80.74x-0.33x14.72x-0.81x-0.88x-0.63x2.69x0.26x1.74x1.10x
Revenue Growth
1.24%-3.68%0.92%2.61%-10.51%10.63%16.46%3.88%-8.04%-13.94%
Related:NSYS Dividend History·NSYS Revenue History·NSYS Price History·NSYS P/E History·NSYS Financial Ratios·NSYS Institutional Holders

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.

What if you invested $1,000 in NSYS back in 1995?

Total return calculator · dividends reinvested · 31+ years of data

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How much would $100/month in NSYS be worth today?

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