What is Nortech Systems Inc's earnings per share (EPS)?

Nortech Systems Inc (NSYS) reported diluted earnings per share of -$0.09 for fiscal year 2025. This represents a 80.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Nortech Systems Inc (NSYS) Financials

NSYS

Trailing 12 months to June 30, 2026

Revenue $124.7M +6.0% YoY

Net Income $1.0M +132.1% YoY

EPS (Diluted) $0.37 +131.9% YoY

Free Cash Flow $2.5M +157.5% YoY

Market Cap $32.4M as of Oct 10, 2026

Price / Sales 0.3x on $124.7M revenue, trailing 12 months to June 30, 2026

Price / Earnings 31.4x on $1.0M net income, trailing 12 months to June 30, 2026

Price / Book 0.9x on $35.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 12, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NSYS SEC filings page.

Nortech Systems Inc (NSYS) reported $124.7M in revenue over the twelve months to Jun 30, 2026, up 6.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NSYS FY2025 2026-10-03

Revenue has retreated from its peak, but leaner spending restored positive cash generation while higher financing costs still suppress reported earnings.

In FY2025, operating cash flow was $2.7M despite a net loss of $252K, so reported earnings understated cash produced that year. Capex was $661K and free cash flow reached $2.1M, indicating the cash result also benefited from light reinvestment.

Revenue fell from $139.3M in FY2023 to $118.4M in FY2025, shrinking the operating base. Gross margin recovered from 13.1% in FY2024 to 15.2% in FY2025, but operating margin reached only 0.8%, showing gross-profit improvement has not yet translated into robust operating earnings.

The current ratio fell from 2.6x in FY2024 to 1.9x in FY2025, so short-term liquidity became less buffered. Meanwhile, total liabilities declined to $37.4M and debt-to-equity eased to 1.1x, suggesting pressure is more concentrated in near-term obligations than in broad balance-sheet leverage.

Financial Health Signals

Financial Health Score 37/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Nortech Systems Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Nortech Systems Inc has an operating margin of 0.8%, meaning the company retains $1 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from -0.1% the prior year.

Growth

Nortech Systems Inc's revenue declined 7.6% year-over-year, from $128.1M to $118.4M. This contraction results in a growth score of 12/100.

Leverage

Nortech Systems Inc has a moderate D/E ratio of 1.08. This balance of debt and equity financing earns a leverage score of 45/100.

Liquidity

Nortech Systems Inc's current ratio of 1.88 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Nortech Systems Inc's free cash flow margin of 1.8% results in a low score of 25/100. Capital expenditures of $661K absorb a large share of operating cash flow.

Returns

Nortech Systems Inc posts a -0.7% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 42/100. This is up from -3.8% the prior year.

Altman Z-Score Grey Zone

2.98

Nortech Systems Inc scores 2.98, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Nortech Systems Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Nortech Systems Inc reported a net loss of $252K while generating $2.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

1.01x

Nortech Systems Inc earns $1.01 in operating income for every $1 of interest expense ($975K vs $964K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$33.5M

YoY+9.3%

QoQ+10.6%

5Y CAGR+2.1%

10Y CAGR+1.5%

Nortech Systems Inc generated $33.5M in revenue in Q2 2026. This represents an increase of 9.3% from the same quarter a year earlier. Against the prior quarter it is up 10.6%.

EBITDA

$938K

YoY-12.6%

QoQ+168.0%

Nortech Systems Inc's EBITDA was $938K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.6% from the same quarter a year earlier. Against the prior quarter it is up 168.0%.

Net Income

$316K

YoY+1.0%

QoQ+1029.4%

5Y CAGR+12.0%

Nortech Systems Inc reported $316K in net income in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 1029.4%.

EPS (Diluted)

$0.11

YoY-8.3%

QoQ+1200.0%

5Y CAGR+12.9%

Nortech Systems Inc earned $0.11 per diluted share (EPS) in Q2 2026. This represents a decrease of 8.3% from the same quarter a year earlier. Against the prior quarter it is up 1200.0%.

Cash & Balance Sheet

Free Cash Flow

-$983K

YoY-1794.8%

QoQ+45.1%

Nortech Systems Inc recorded an outflow of $983K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 1794.8% from the same quarter a year earlier. Against the prior quarter it is up 45.1%.

Cash & Debt

$1.4M

YoY+111.7%

QoQ-29.7%

5Y CAGR+15.9%

10Y CAGR+58.8%

Nortech Systems Inc held $1.4M in cash against $2.1M in long-term debt as of Q2 2026, with $36.0M of liabilities due within a year.

Shares Outstanding

YoY+2.4%

QoQ+2.1%

5Y CAGR+1.4%

10Y CAGR+0.4%

Nortech Systems Inc had 3M shares outstanding in Q2 2026. This represents an increase of 2.4% from the same quarter a year earlier. Against the prior quarter it is up 2.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

17.0%

YoY+1.2pp

QoQ+1.5pp

5Y change+5.1pp

10Y change+6.2pp

Nortech Systems Inc's gross margin was 17.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Operating Margin

1.9%

YoY-0.6pp

QoQ+1.7pp

5Y change+0.5pp

10Y change+2.2pp

Nortech Systems Inc's operating margin was 1.9% in Q2 2026, reflecting core business profitability. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Net Margin

0.9%

YoY-0.1pp

QoQ+1.1pp

5Y change+0.4pp

10Y change+1.6pp

Nortech Systems Inc's net profit margin was 0.9% in Q2 2026, showing the share of revenue converted to profit. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

0.9%

YoY-0.1pp

QoQ+1.0pp

5Y change-0.1pp

10Y change+1.7pp

Nortech Systems Inc's ROE was 0.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Capital Allocation

R&D Spending

$346K

YoY+14.6%

QoQ+11.6%

5Y CAGR+10.8%

Nortech Systems Inc invested $346K in research and development in Q2 2026. This represents an increase of 14.6% from the same quarter a year earlier. Against the prior quarter it is up 11.6%.

Capital Expenditures

$95K

YoY-4.0%

QoQ-58.3%

5Y CAGR-26.8%

10Y CAGR-16.9%

Nortech Systems Inc invested $95K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 58.3%.

Share Buybacks

Not reported for Q2 2026.

NSYS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NSYS quarterly income statement

Metric	TTM	FY2510-Q	FY2410-Q	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$124.7M	$118.4M-7.6%	$128.1M-8.0%	$139.3M+3.9%	$134.1M+16.5%	$115.2M+10.6%	$104.1M-10.5%	$116.3M+2.6%	$113.4M+0.9%	$112.3M-3.7%	$116.6M+1.2%	$115.2M+2.8%	$112.0M+0.9%	$111.1M+3.9%	$106.9M-6.4%	$114.2M
Cost of Revenue	$104.2M	$100.4M-9.9%	$111.4M-4.1%	$116.2M+2.3%	$113.6M+14.4%	$99.3M+5.1%	$94.4M-9.0%	$103.8M+3.7%	$100.1M-0.2%	$100.2M-2.5%	$102.8M-0.3%	$103.1M+4.5%	$98.7M+0.8%	$97.9M+3.6%	$94.5M-6.3%	$100.9M
Gross Profit	$20.5M	$18.0M+7.7%	$16.7M-27.6%	$23.1M+12.8%	$20.5M+29.1%	$15.9M+64.1%	$9.7M-23.1%	$12.6M-5.5%	$13.3M+9.8%	$12.1M-12.4%	$13.8M+14.8%	$12.1M-9.6%	$13.3M+1.7%	$13.1M+5.8%	$12.4M-7.1%	$13.3M
R&D Expenses	$1.2M	$1.2M-1.6%	$1.2M-0.7%	$1.2M-18.0%	$1.5M+202.9%	$483K	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.6M	$10.8M-7.8%	$11.7M-5.2%	$12.4M+8.1%	$11.4M+14.2%	$10.0M+8.1%	$9.3M-3.9%	$9.6M+14.2%	$8.4M+4.3%	$8.1M-2.1%	$8.3M+14.2%	$7.2M+4.2%	$6.9M+1.2%	$6.9M+3.2%	$6.6M-18.8%	$8.2M
Operating Income	$2.5M	$975K+600.0%	-$195K-103.3%	$6.0M+53.1%	$3.9M+71.1%	$2.3M+468.8%	-$616K-375.0%	$224K-82.1%	$1.2M+198.5%	-$1.3M-301.6%	$629K+249.1%	-$422K-131.8%	$1.3M-8.7%	$1.5M-0.4%	$1.5M-3.4%	$1.5M
EBITDA	N/A	$2.5M+24.1%	$2.0M-77.2%	$8.7M+33.6%	$6.5M+38.4%	$4.7M+113.4%	$2.2M-17.2%	$2.7M-20.0%	$3.3M+189.6%	$1.2M-60.5%	$2.9M+59.2%	$1.8M-45.3%	$3.4M-3.1%	$3.5M+4.3%	$3.3M-6.3%	$3.5M
Interest Expense	$946K	$964K+29.6%	$744K+52.8%	$487K+18.5%	$411K-4.4%	$430K-30.6%	$620K-40.6%	$1.0M+37.8%	$757K+20.5%	$628K+14.1%	$550K+18.2%	$465K+26.6%	$368K-5.5%	$389K-11.7%	$440K-13.9%	$511K
Income Tax	$537K	$263K-26.1%	$356K+125.3%	-$1.4M-196.0%	$1.5M+70.8%	$859K+177.1%	$310K-24.2%	$409K+25.5%	$326K-13.1%	$375K+971.4%	$35K+111.1%	-$316K-490.1%	$81K-73.0%	$300K+0.7%	$298K-46.9%	$561K
Net Income	$1.0M	-$252K+80.5%	-$1.3M-118.8%	$6.9M+242.0%	$2.0M-71.9%	$7.2M+562.7%	-$1.5M-25.9%	-$1.2M-839.8%	$166K+106.8%	-$2.4M-5687.8%	$44K+107.7%	-$571K-164.9%	$880K+11.8%	$787K+25.1%	$629K-47.1%	$1.2M
EPS (Basic)	N/A	-$0.09+80.9%	-$0.47-118.6%	$2.53+237.3%	$0.75-72.0%	$2.68+562.1%	-$0.58-26.1%	-$0.46-866.7%	$0.06+106.7%	-$0.89-4550.0%	$0.02+109.5%	-$0.21-165.6%	$0.32+10.3%	$0.29+26.1%	$0.23	N/A
EPS (Diluted)	$0.37	-$0.09+80.9%	-$0.47-119.7%	$2.38+240.0%	$0.70-72.4%	$2.54+537.9%	-$0.58-26.1%	-$0.46-866.7%	$0.06+106.7%	-$0.89-4550.0%	$0.02+109.5%	-$0.21-165.6%	$0.32+10.3%	$0.29+26.1%	$0.23	N/A
Diluted Shares (Avg)	N/A	3M+0.8%	3M-4.5%	3M-0.2%	3M+2.5%	3M+6.2%	3M-0.3%	3M-1.3%	3M-1.7%	3M-0.1%	3M+0.1%	3M-0.1%	3M+0.2%	3M0.0%	3M0.0%	3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Revenue	$33.5M+9.3%	$30.3M+12.7%	$30.3M+5.9%	$30.5M-2.9%	$30.7M-9.5%	$26.9M-21.4%	$28.6M-20.6%	$31.4M-5.9%
Cost of Revenue	$27.8M+7.7%	$25.6M+7.5%	$25.2M-2.1%	$25.5M-7.7%	$25.8M-11.7%	$23.8M-17.2%	$25.8M-11.7%	$27.6M-1.7%
Gross Profit	$5.7M+17.9%	$4.7M+52.8%	$5.1M+79.5%	$5.0M+31.0%	$4.8M+4.8%	$3.1M-43.5%	$2.8M-58.7%	$3.8M-27.9%
R&D Expenses	$346K+14.6%	$310K-4.9%	$278K-6.7%	$266K-6.3%	$302K+3.8%	$326K+2.5%	$298K+2.1%	$284K-9.6%
SG&A Expenses	$3.3M+25.5%	$3.0M+3.4%	$2.7M+3.3%	$2.6M-12.1%	$2.6M-13.2%	$2.9M-8.0%	$2.6M-13.9%	$3.0M-0.2%
Operating Income	$623K-16.0%	$47K+102.9%	$901K+173.4%	$945K+302.4%	$742K+115.7%	-$1.6M-239.7%	-$1.2M-145.8%	-$467K-141.5%
EBITDA	$938K-12.6%	$350K+127.6%	N/A	N/A	$1.1M	-$1.3M-171.6%	N/A	-$33K-101.8%
Interest Expense	$197K-23.3%	$256K+19.6%	$220K+12.2%	$273K+26.4%	$257K+55.8%	$214K+28.1%	$196K+60.7%	$216K+66.2%
Income Tax	$110K-36.0%	-$175K+65.8%	-$216K-492.7%	$818K+1360.7%	$172K+681.8%	-$511K-329.1%	$55K+103.1%	$56K+126.3%
Net Income	$316K+1.0%	-$34K+97.4%	$897K+160.7%	-$146K+80.2%	$313K+99.4%	-$1.3M-272.0%	-$1.5M-134.0%	-$739K-161.2%
EPS (Basic)	$0.11-8.3%	-$0.01+97.9%	$0.32+159.3%	-$0.05+81.5%	$0.12+100.0%	-$0.48-271.4%	-$0.54-133.8%	-$0.27-161.4%
EPS (Diluted)	$0.11-8.3%	-$0.01+97.9%	$0.32+160.4%	-$0.05+81.5%	$0.12+140.0%	-$0.48-284.6%	-$0.53-135.1%	-$0.27-164.3%
Diluted Shares (Avg)	3M+1.5%	3M+0.9%	N/A	3M+0.9%	3M+0.7%	3M-5.1%	N/A	3M-4.4%

NSYS Balance Sheet

NSYS quarterly balance sheet

Metric	FY2510-Q	FY2410-Q	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$71.9M-0.7%	$72.4M-3.6%	$75.1M+8.0%	$69.5M+3.7%	$67.1M+16.4%	$57.6M-6.1%	$61.4M+2.4%	$60.0M+15.1%	$52.1M-6.2%	$55.5M-1.9%	$56.6M+16.5%	$48.5M+5.3%	$46.1M+3.5%	$44.5M-4.8%	$46.8M
Current Assets	$56.1M+1.5%	$55.3M-5.9%	$58.8M+7.2%	$54.9M+6.0%	$51.8M+26.2%	$41.0M-5.2%	$43.3M-5.6%	$45.9M+21.4%	$37.8M-4.4%	$39.5M-2.2%	$40.4M+8.4%	$37.2M+6.7%	$34.9M+6.8%	$32.7M-12.3%	$37.3M
Cash & Equivalents	$1.7M+80.7%	$916K-4.6%	$960K-6.5%	$1.0M+59.7%	$643K+82.7%	$352K+0.3%	$351K-26.9%	$480K+1.5%	$473K+76.4%	$268K+30137.2%	$887-98.7%	$66K0.0%	$66K	$0	$0
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$20.7M-4.4%	$21.6M-0.1%	$21.7M-3.5%	$22.4M+15.5%	$19.4M+39.6%	$13.9M-2.5%	$14.3M-16.0%	$17.0M-8.2%	$18.5M-10.3%	$20.7M+2.3%	$20.2M+8.9%	$18.5M+6.3%	$17.4M-1.3%	$17.7M-7.2%	$19.0M
Accounts Receivable	$17.0M+14.3%	$14.9M-22.8%	$19.3M+20.7%	$16.0M+9.8%	$14.5M-6.9%	$15.6M-15.8%	$18.6M-7.6%	$20.1M+15.4%	$17.4M+0.6%	$17.3M-6.0%	$18.4M+6.1%	$17.4M+8.3%	$16.0M+17.8%	$13.6M-18.6%	$16.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$2.4M0.0%	$2.4M0.0%	$2.4M-27.7%	$3.3M0.0%	$3.3M+4277.6%	$75K	N/A	N/A	N/A
Total Liabilities	$37.4M-2.8%	$38.4M-3.4%	$39.8M-4.0%	$41.5M+1.2%	$41.0M+5.3%	$38.9M-6.1%	$41.4M+6.6%	$38.9M+20.5%	$32.3M-2.8%	$33.2M-3.2%	$34.3M+33.4%	$25.7M+6.5%	$24.1M+3.3%	$23.4M-11.0%	$26.3M
Current Liabilities	$29.8M+39.3%	$21.4M-19.4%	$26.6M+0.7%	$26.4M+18.3%	$22.3M+14.2%	$19.5M-12.1%	$22.2M-10.7%	$24.9M+37.9%	$18.0M-11.1%	$20.3M+3.2%	$19.7M+47.1%	$13.4M-31.0%	$19.4M-3.8%	$20.1M-19.5%	$25.0M
Non-Current Liabilities	$7.5M-55.7%	$17.0M+28.8%	$13.2M-12.4%	$15.1M-19.3%	$18.7M-3.6%	$19.4M+0.9%	$19.2M+37.4%	$14.0M-1.7%	$14.2M+10.2%	$12.9M-11.8%	$14.6M+18.5%	$12.3M+158.5%	$4.8M+47.0%	$3.2M+156.9%	$1.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$5.9M+84.5%	$3.2M-12.3%	$3.6M-16.7%	$4.4M-11.0%	$4.9M-17.9%	$6.0M+46.2%	$4.1M-4.1%	$4.2M+48.2%	$2.9M+252.5%	$813K
Total Equity	$34.5M+1.6%	$34.0M-3.8%	$35.3M+25.9%	$28.1M+7.5%	$26.1M+39.5%	$18.7M-6.3%	$20.0M-5.3%	$21.1M+6.4%	$19.8M-11.2%	$22.3M+0.2%	$22.3M-2.4%	$22.8M+4.1%	$21.9M+3.8%	$21.1M+3.1%	$20.5M
Retained Earnings	$17.1M-1.5%	$17.4M-6.9%	$18.7M+57.9%	$11.8M+20.5%	$9.8M+268.7%	$2.7M-36.7%	$4.2M-22.6%	$5.4M+39.8%	$3.9M-38.6%	$6.3M+0.7%	$6.3M-8.3%	$6.9M+14.7%	$6.0M+15.2%	$5.2M+13.8%	$4.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Total Assets	$80.0M+7.0%	$76.6M+4.2%	$71.9M-0.7%	$74.8M-2.9%	$74.8M-1.9%	$73.5M-2.5%	$72.4M-3.6%	$77.0M+16.6%
Current Assets	$64.3M+10.2%	$60.7M+5.8%	$56.1M+1.5%	$59.2M-1.8%	$58.3M-1.4%	$57.3M-3.0%	$55.3M-5.9%	$60.3M+14.6%
Cash & Equivalents	$1.4M+111.7%	$2.0M+69.0%	$1.7M+80.7%	$1.3M+2.6%	$652K-57.7%	$1.2M-71.2%	$916K-4.6%	$1.2M+77.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$24.5M+31.6%	$23.6M+12.7%	$20.7M-4.4%	$18.4M-17.5%	$18.6M-18.3%	$20.9M-8.9%	$21.6M-0.1%	$22.3M+4.0%
Accounts Receivable	$19.9M+11.5%	$17.8M+13.8%	$17.0M+14.3%	$18.8M+13.4%	$17.8M+1.3%	$15.7M-2.4%	$14.9M-22.8%	$16.6M+3.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$44.6M+7.6%	$41.9M+3.0%	$37.4M-2.8%	$41.4M+0.3%	$41.4M+3.3%	$40.7M+3.2%	$38.4M-3.4%	$41.3M+17.0%
Current Liabilities	$36.0M+66.8%	$33.0M+59.3%	$29.8M+39.3%	$33.6M+44.1%	$21.6M-7.2%	$20.7M-19.5%	$21.4M-19.4%	$23.3M+0.5%
Non-Current Liabilities	$8.5M-57.0%	$8.9M-55.3%	$7.5M-55.7%	$7.8M-56.6%	$19.8M+17.9%	$20.0M+45.6%	$17.0M+28.8%	$18.0M+48.7%
Long-Term Debt	$2.1M	$2.2M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$35.5M+6.2%	$34.7M+5.7%	$34.5M+1.6%	$33.4M-6.5%	$33.4M-7.6%	$32.8M-8.8%	$34.0M-3.8%	$35.7M+16.2%
Retained Earnings	$17.4M+6.3%	$17.1M+6.4%	$17.1M-1.5%	$16.2M-13.9%	$16.4M-16.4%	$16.1M-17.4%	$17.4M-6.9%	$18.9M+31.7%

Not reported in any period shown, so not listed: Goodwill.

NSYS Cash Flow Statement

NSYS quarterly cash flow statement

Metric	TTM	FY2510-Q	FY2410-Q	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.1M	$2.7M+221.9%	-$2.3M-227.2%	$1.8M-67.3%	$5.4M+219.0%	-$4.5M-433.1%	$1.4M+36.7%	$997K-59.2%	$2.4M+203.2%	$806K-77.2%	$3.5M+4.5%	$3.4M+113.8%	$1.6M+472.9%	$276K-94.0%	$4.6M+628.7%	-$874K
Depreciation & Amortization	N/A	$1.5M-31.5%	$2.2M-21.2%	$2.8M+4.9%	$2.6M+8.0%	$2.5M-13.4%	$2.8M+15.5%	$2.5M+16.9%	$2.1M-13.5%	$2.4M+5.5%	$2.3M+1.6%	$2.3M+11.3%	$2.0M+1.0%	$2.0M+7.9%	$1.9M-8.5%	$2.0M
Stock-Based Compensation	N/A	$503K+9.1%	$461K+9.0%	$423K+26.6%	$334K+200.9%	$111K+63.2%	$68K-73.9%	$261K+107.1%	$126K+193.0%	$43K+4226.0%	$994-70.0%	$3K-88.9%	$30K+133.1%	$13K	$0-100.0%	$27K
Capital Expenditures	$617K	$661K-48.0%	$1.3M-1.1%	$1.3M-45.8%	$2.4M+83.4%	$1.3M+166.4%	$485K-32.5%	$719K-48.6%	$1.4M+72.2%	$813K-58.4%	$2.0M+16.5%	$1.7M-23.3%	$2.2M+81.6%	-$1.2M-72.8%	$4.4M+248.9%	$1.3M
Free Cash Flow	$2.5M	$2.1M+159.1%	-$3.5M-825.8%	$485K-84.0%	$3.0M+152.0%	-$5.8M-764.2%	$878K+215.8%	$278K-73.4%	$1.0M+15014.3%	-$7K-100.4%	$1.6M-7.3%	$1.7M+380.7%	-$606K+34.7%	-$929K-591.9%	$189K+108.8%	-$2.1M
Investing Cash Flow	-$122K	-$157K+87.6%	-$1.3M+1.6%	-$1.3M+47.1%	-$2.4M-232.3%	-$730K-113.3%	$5.5M+825.6%	-$758K+45.5%	-$1.4M-438.8%	-$258K+86.8%	-$2.0M	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$2.0M	-$1.9M-167.5%	$2.8M+315.8%	-$1.3M+52.0%	-$2.7M-167.8%	$3.9M+199.3%	-$4.0M-654.1%	-$525K+40.9%	-$889K-2239.5%	-$38K+97.3%	-$1.4M	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$130K-52.9%	$276K+820.0%	$30K	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Operating Cash Flow	-$888K-665.6%	-$1.6M+46.7%	$5.6M+607.2%	-$92K+94.2%	$157K+103.7%	-$2.9M-203.6%	$793K+292.5%	-$1.6M-183.4%
Depreciation & Amortization	$315K-4.8%	$303K-12.7%	N/A	N/A	$331K	$347K-43.4%	N/A	$434K-40.8%
Stock-Based Compensation	$194K+65.8%	$126K+6.8%	N/A	N/A	$117K	$118K+47.5%	N/A	N/A
Capital Expenditures	$95K-4.0%	$228K-14.9%	$144K-50.3%	$150K+275.0%	$99K-64.1%	$268K-64.0%	$290K+77.9%	-$40K-75.8%
Free Cash Flow	-$983K-1794.8%	-$1.8M+44.1%	$5.5M+986.3%	-$242K+85.1%	$58K+101.3%	-$3.2M-253.5%	$503K+187.5%	-$1.6M-193.7%
Investing Cash Flow	-$95K-5.6%	-$228K+14.9%	-$144K+50.7%	$345K+762.5%	-$90K+67.4%	-$268K+63.5%	-$292K-79.1%	$40K+124.2%
Financing Cash Flow	$438K+174.5%	$2.3M-32.2%	-$5.1M-538.8%	$360K-70.4%	-$588K-128.4%	$3.4M+1157.7%	-$796K-171.9%	$1.2M+148.1%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

NSYS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NSYS quarterly financial ratios

Metric	FY2510-Q	FY2410-Q	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	15.2%+2.2pp	13.1%-3.5pp	16.6%+1.3pp	15.3%+1.5pp	13.8%+4.5pp	9.3%-1.5pp	10.8%-0.9pp	11.7%+1.0pp	10.8%-1.1pp	11.9%+1.4pp	10.5%-1.4pp	11.9%+0.1pp	11.8%+0.2pp	11.6%-0.1pp	11.7%
Operating Margin	0.8%+1.0pp	-0.1%-4.4pp	4.3%+1.4pp	2.9%+0.9pp	2.0%+2.6pp	-0.6%-0.8pp	0.2%-0.9pp	1.1%+2.2pp	-1.1%-1.7pp	0.5%+0.9pp	-0.4%-1.6pp	1.2%-0.1pp	1.3%-0.1pp	1.4%+0.1pp	1.3%
Net Margin	-0.2%+0.8pp	-1.0%-5.9pp	4.9%+3.4pp	1.5%-4.7pp	6.2%+7.7pp	-1.5%-0.4pp	-1.1%-1.2pp	0.1%+2.3pp	-2.2%-2.2pp	0.0%+0.5pp	-0.5%-1.3pp	0.8%+0.1pp	0.7%+0.1pp	0.6%-0.4pp	1.0%
Return on Equity	-0.7%+3.1pp	-3.8%-23.3pp	19.4%+12.3pp	7.2%-20.2pp	27.4%+35.7pp	-8.3%-2.1pp	-6.2%-6.9pp	0.8%+13.1pp	-12.3%-12.5pp	0.2%+2.8pp	-2.6%-6.4pp	3.9%+0.3pp	3.6%+0.6pp	3.0%-2.8pp	5.8%
Return on Assets	-0.4%+1.4pp	-1.8%-10.9pp	9.2%+6.3pp	2.9%-7.8pp	10.7%+13.3pp	-2.7%-0.7pp	-2.0%-2.3pp	0.3%+5.0pp	-4.7%-4.8pp	0.1%+1.1pp	-1.0%-2.8pp	1.8%+0.1pp	1.7%+0.3pp	1.4%-1.1pp	2.5%
Current Ratio	1.88-0.7x	2.58+0.4x	2.21+0.1x	2.08-0.2x	2.32+0.2x	2.10+0.2x	1.95+0.1x	1.84-0.3x	2.09+0.1x	1.94-0.1x	2.05-0.7x	2.79+1.0x	1.80+0.2x	1.62+0.1x	1.49
Debt-to-Equity	1.080.0x	1.130.0x	1.13-0.4x	1.48-0.1x	1.57+1.3x	0.31+0.2x	0.160.0x	0.170.0x	0.220.0x	0.220.0x	0.27+0.1x	0.180.0x	0.19+0.1x	0.14+0.1x	0.04
Asset Turnover	1.65-0.1x	1.77-0.1x	1.85-0.1x	1.93+0.2x	1.72-0.1x	1.81-0.1x	1.890.0x	1.89-0.3x	2.16+0.1x	2.10+0.1x	2.04-0.3x	2.31-0.1x	2.410.0x	2.400.0x	2.44
FCF Margin	1.8%+4.5pp	-2.8%-3.1pp	0.4%-1.9pp	2.3%+7.3pp	-5.1%-5.9pp	0.8%+0.6pp	0.2%-0.7pp	0.9%+0.9pp	0.0%-1.4pp	1.4%-0.1pp	1.5%+2.0pp	-0.5%+0.3pp	-0.8%-1.0pp	0.2%+2.1pp	-1.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Gross Margin	17.0%+1.2pp	15.5%+4.1pp	16.7%+6.9pp	16.5%+4.3pp	15.8%+2.2pp	11.4%-4.5pp	9.9%-9.1pp	12.2%-3.7pp
Operating Margin	1.9%-0.6pp	0.2%+6.2pp	3.0%+7.3pp	3.1%+4.6pp	2.4%+1.4pp	-6.0%-9.4pp	-4.3%-11.7pp	-1.5%-4.9pp
Net Margin	0.9%-0.1pp	-0.1%+4.8pp	3.0%+8.1pp	-0.5%+1.9pp	1.0%+0.6pp	-4.9%-7.1pp	-5.2%-17.2pp	-2.4%-6.0pp
Return on Equity	0.9%-0.1pp	-0.1%+3.9pp	2.6%+6.9pp	-0.4%+1.6pp	0.9%+0.5pp	-4.0%-6.1pp	-4.3%-16.7pp	-2.1%-6.0pp
Return on Assets	0.4%0.0pp	0.0%+1.7pp	1.3%+3.3pp	-0.2%+0.8pp	0.4%+0.2pp	-1.8%-2.8pp	-2.0%-7.8pp	-1.0%-2.8pp
Current Ratio	1.78-0.9x	1.84-0.9x	1.88-0.7x	1.76-0.8x	2.70+0.2x	2.77+0.5x	2.58+0.4x	2.58+0.3x
Debt-to-Equity	0.06-1.2x	0.06-1.2x	1.080.0x	1.24+0.1x	1.24+0.1x	1.24+0.1x	1.130.0x	1.160.0x
Asset Turnover	0.420.0x	0.400.0x	0.420.0x	0.410.0x	0.410.0x	0.37-0.1x	0.40-0.1x	0.41-0.1x
FCF Margin	-2.9%-3.1pp	-5.9%+6.0pp	18.0%+16.3pp	-0.8%+4.4pp	0.2%+13.7pp	-11.9%-18.0pp	1.8%+3.4pp	-5.2%-10.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Nortech Systems Inc NSYS	FY2025	$118.4M	-$252K	-0.2%	$32.4M	37/100
Adagio Medical Holdings, Inc ADGM	FY2025	$0	-$25.1M	N/A	$3.5M	—
Vivos Therapeutics, Inc. VVOS	FY2025	$17.4M	-$21.2M	N/A	$3.0M	21/100
Iridex Corp IRIX	FY2025	$52.7M	-$4.4M	-8.4%	$15.6M	50/100
Trinity Biotech plc TRIB	FY2025	$43.8M	$1.9M	4.4%	$5.6M	26/100
Myomo Inc. MYO	FY2025	$40.9M	-$15.6M	-38.1%	$56.6M	44/100

Where Nortech Systems Inc Ranks

Frequently Asked Questions

What is Nortech Systems Inc's annual revenue?

Nortech Systems Inc (NSYS) reported $118.4M in total revenue for fiscal year 2025. This represents a -7.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nortech Systems Inc's revenue growing?

Nortech Systems Inc (NSYS) revenue declined by 7.6% year-over-year, from $128.1M to $118.4M in fiscal year 2025.

Is Nortech Systems Inc profitable?

No, Nortech Systems Inc (NSYS) reported a net income of -$252K in fiscal year 2025, with a net profit margin of -0.2%.

What is Nortech Systems Inc's EBITDA?

Nortech Systems Inc (NSYS) had EBITDA of $2.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Nortech Systems Inc's gross margin?

Nortech Systems Inc (NSYS) had a gross margin of 15.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nortech Systems Inc's operating margin?

Nortech Systems Inc (NSYS) had an operating margin of 0.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Nortech Systems Inc's net profit margin?

Nortech Systems Inc (NSYS) had a net profit margin of -0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nortech Systems Inc's return on equity (ROE)?

Nortech Systems Inc (NSYS) has a return on equity of -0.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nortech Systems Inc's free cash flow?

Nortech Systems Inc (NSYS) generated $2.1M in free cash flow during fiscal year 2025. This represents a 159.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nortech Systems Inc's operating cash flow?

Nortech Systems Inc (NSYS) generated $2.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nortech Systems Inc's total assets?

Nortech Systems Inc (NSYS) had $71.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nortech Systems Inc's capital expenditures?

Nortech Systems Inc (NSYS) invested $661K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Nortech Systems Inc spend on research and development?

Nortech Systems Inc (NSYS) invested $1.2M in research and development during fiscal year 2025.

How many shares does Nortech Systems Inc have outstanding?

Nortech Systems Inc (NSYS) had 3M shares outstanding as of fiscal year 2025.

What is Nortech Systems Inc's current ratio?

Nortech Systems Inc (NSYS) had a current ratio of 1.88 as of fiscal year 2025, which is generally considered healthy.

What is Nortech Systems Inc's debt-to-equity ratio?

Nortech Systems Inc (NSYS) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nortech Systems Inc's return on assets (ROA)?

Nortech Systems Inc (NSYS) had a return on assets of -0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nortech Systems Inc's P/E ratio?

Nortech Systems Inc (NSYS) trades at 31.4x earnings, its market capitalization divided by net income of $1.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $32.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Nortech Systems Inc's price-to-sales ratio?

Nortech Systems Inc (NSYS) trades at 0.3x sales, its market capitalization divided by revenue of $124.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $32.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Nortech Systems Inc's Altman Z-Score?

Nortech Systems Inc (NSYS) has an Altman Z-Score of 2.98, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Nortech Systems Inc's Piotroski F-Score?

Nortech Systems Inc (NSYS) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nortech Systems Inc's earnings high quality?

Nortech Systems Inc (NSYS) reported a net loss of $252K while generating $2.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Nortech Systems Inc cover its interest payments?

Nortech Systems Inc (NSYS) has an interest coverage ratio of 1.01x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Nortech Systems Inc?

Nortech Systems Inc (NSYS) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.