What is Nortech Systems' operating income?

Nortech Systems' total operating income in 2025 was $975 thousand, based on the following breakdown: Total Gross Profit: $18.01 million Total Operating Expenses: $17.03 million

Nortech Systems (NSYS) Financials

$13.87 -0.40 (-2.80%)

As of 04:00 PM Eastern

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Annual Income Statements for Nortech Systems

This table shows Nortech Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.57	0.04	-2.45	0.17	-1.23	-1.55	7.15	2.01	6.87	-1.30	-0.25
Consolidated Net Income / (Loss)	-0.57	0.04	-2.45	0.17	-1.23	-1.55	7.15	2.01	6.87	-1.30	-0.25
Net Income / (Loss) Continuing Operations	-0.57	0.04	-2.45	0.17	-1.23	-1.55	7.15	2.01	6.87	-1.30	-0.25
Total Pre-Tax Income	-0.89	0.08	-2.07	0.49	-0.82	-1.24	8.01	3.48	5.47	-0.94	0.01
Total Operating Income	-0.42	0.63	-1.27	1.25	0.22	-0.62	2.27	3.89	5.95	-0.20	0.98
Total Gross Profit	12	14	12	13	13	9.67	16	20	23	17	18
Total Revenue	115	117	112	113	116	104	115	134	139	128	118
Operating Revenue	115	117	112	113	116	104	115	134	139	128	118
Total Cost of Revenue	103	103	100	100	104	94	99	114	116	111	100
Operating Cost of Revenue	103	103	100	100	104	94	99	114	116	111	100
Total Operating Expenses	12	13	13	12	12	10	14	17	17	17	17
Selling, General & Admin Expense	12	13	13	12	12	12	12	15	16	15	16
Research & Development Expense	-	-	-	-	-	0.00	0.48	1.46	1.20	1.19	1.17
Restructuring Charge	-	-	-	-	-	0.00	0.33	-	0.00	0.57	0.27
Total Other Income / (Expense), net	-0.47	-0.55	-0.80	-0.76	-1.04	-0.62	5.74	-0.41	-0.49	-0.74	-0.96
Interest Expense	0.47	0.55	0.80	0.76	1.04	0.62	-5.74	0.41	0.49	0.74	0.96
Income Tax Expense	-0.32	0.04	0.38	0.33	0.41	0.31	0.86	1.47	-1.41	0.36	0.26
Basic Earnings per Share	($0.21)	$0.02	($0.89)	$0.06	($0.46)	($0.58)	$2.68	$0.75	$2.53	($0.47)	($0.09)
Weighted Average Basic Shares Outstanding	2.75M	2.75M	2.75M	2.69M	2.67M	2.66M	2.66M	2.69M	2.72M	2.76M	2.78M
Diluted Earnings per Share	($0.21)	$0.02	($0.89)	$0.06	($0.46)	($0.58)	$2.54	$0.70	$2.38	($0.47)	($0.09)
Weighted Average Diluted Shares Outstanding	2.75M	2.75M	2.75M	2.70M	2.67M	2.66M	2.82M	2.89M	2.89M	2.76M	2.78M
Weighted Average Basic & Diluted Shares Outstanding	2.75M	2.75M	2.70M	2.68M	2.66M	2.66M	2.68M	2.70M	2.74M	2.76M	2.79M

This table shows Nortech Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	1.21	4.35	0.77	0.16	-0.74	-1.48	-1.32	0.31	-0.15	0.90	-0.03
Consolidated Net Income / (Loss)	1.21	4.35	0.77	0.16	-0.74	-1.48	-1.32	0.31	-0.15	0.90	-0.03
Net Income / (Loss) Continuing Operations	1.21	4.35	0.77	0.16	-0.74	-1.48	-1.32	0.31	-0.15	0.90	-0.03
Total Pre-Tax Income	0.99	2.56	0.99	0.18	-0.68	-1.42	-1.83	0.49	0.67	0.68	-0.21
Total Operating Income	1.12	2.68	1.16	0.34	-0.47	-1.23	-1.61	0.74	0.95	0.90	0.05
Total Gross Profit	5.32	6.83	5.45	4.62	3.84	2.82	3.08	4.84	5.03	5.07	4.70
Total Revenue	33	36	34	34	31	29	27	31	30	30	30
Operating Revenue	33	36	34	34	31	29	27	31	30	30	30
Total Cost of Revenue	28	29	29	29	28	26	24	26	25	25	26
Operating Cost of Revenue	28	29	29	29	28	26	24	26	25	25	26
Total Operating Expenses	4.20	4.15	4.29	4.27	4.30	4.05	4.69	4.10	4.08	4.17	4.66
Selling, General & Admin Expense	3.88	3.86	3.98	3.89	3.84	3.45	4.10	3.79	3.81	3.89	4.35
Research & Development Expense	0.31	0.29	0.32	0.29	0.28	0.30	0.33	0.30	0.27	0.28	0.31
Restructuring Charge	0.00	-	0.00	0.09	0.18	0.30	0.27	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-0.13	-0.12	-0.17	-0.17	-0.22	-0.20	-0.21	-0.26	-0.27	-0.22	-0.26
Interest Expense	0.13	0.12	0.17	0.17	0.22	0.20	0.21	0.26	0.27	0.22	0.26
Income Tax Expense	-0.21	-1.80	0.22	0.02	0.06	0.06	-0.51	0.17	0.82	-0.22	-0.18
Basic Earnings per Share	$0.44	$1.61	$0.28	$0.06	($0.27)	($0.54)	($0.48)	$0.12	($0.05)	$0.32	($0.01)
Weighted Average Basic Shares Outstanding	2.74M	2.72M	2.74M	2.76M	2.76M	2.76M	2.76M	2.77M	2.79M	2.78M	2.79M
Diluted Earnings per Share	$0.42	$1.51	$0.26	$0.05	($0.27)	($0.51)	($0.48)	$0.12	($0.05)	$0.32	($0.01)
Weighted Average Diluted Shares Outstanding	2.89M	2.89M	2.91M	2.94M	2.76M	2.76M	2.76M	2.95M	2.79M	2.78M	2.79M
Weighted Average Basic & Diluted Shares Outstanding	-	2.74M	2.76M	2.76M	2.76M	2.76M	2.76M	2.79M	2.79M	2.79M	2.79M

This table details how cash moves in and out of Nortech Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.07	0.27	0.51	0.17	-0.29	2.90	-1.34	0.26	-0.81	-0.76	0.74
Net Cash From Operating Activities	3.38	3.53	0.81	2.44	1.00	1.36	-4.54	5.40	1.77	-2.25	2.74
Net Cash From Continuing Operating Activities	3.38	3.53	0.81	2.44	1.00	1.36	-4.54	5.40	1.77	-2.25	2.74
Net Income / (Loss) Continuing Operations	-0.57	0.04	-2.45	0.17	-1.23	-1.55	7.15	2.01	6.87	-1.30	-0.25
Consolidated Net Income / (Loss)	-0.57	0.04	-2.45	0.17	-1.23	-1.55	7.15	2.01	6.87	-1.30	-0.25
Depreciation Expense	2.16	2.10	2.19	1.88	1.93	2.00	1.77	1.77	1.89	1.65	1.27
Amortization Expense	0.10	0.19	0.32	0.31	0.30	0.19	0.18	0.15	0.16	0.09	0.02
Non-Cash Adjustments To Reconcile Net Income	-0.06	-0.03	2.55	-3.75	-0.45	0.49	-14	1.54	-0.84	0.97	-0.28
Changes in Operating Assets and Liabilities, net	1.76	1.23	-1.80	3.84	0.45	0.23	0.74	-0.06	-6.32	-3.66	1.99
Net Cash From Investing Activities	-3.67	-1.95	-0.26	-1.39	-0.76	5.50	-0.73	-2.43	-1.28	-1.26	-0.16
Net Cash From Continuing Investing Activities	-3.67	-1.95	-0.26	-1.39	-0.76	5.50	-0.73	-2.43	-1.28	-1.26	-0.16
Purchase of Property, Plant & Equipment	-1.68	-1.96	-0.81	-1.40	-0.72	-0.49	-1.29	-2.37	-1.28	-1.27	-0.66
Sale of Property, Plant & Equipment	-	0.00	0.67	0.01	0.00	6.02	0.63	0.02	0.00	0.01	0.50
Net Cash From Financing Activities	0.21	-1.39	-0.04	-0.89	-0.53	-3.96	3.93	-2.67	-1.28	2.77	-1.87
Net Cash From Continuing Financing Activities	0.21	-1.39	-0.04	-0.89	-0.53	-3.96	3.93	-2.67	-1.28	2.77	-1.87
Repayment of Debt	-1.37	-1.84	-6.32	-1.37	-1.23	-2.68	-105	-121	-126	-127	-103
Repurchase of Preferred Equity	-	-	-	-	-	-	-	-	0.00	-0.10	0.00
Issuance of Debt	1.57	0.47	6.31	0.76	0.82	-0.68	110	119	125	130	102
Other Financing Activities, net	0.00	-0.03	-	0.00	0.01	-0.59	-0.63	-0.55	-0.23	-0.33	-0.17
Effect of Exchange Rate Changes	0.01	0.08	0.00	0.00	-0.00	0.00	0.00	-	-0.01	-	0.02
Cash Interest Paid	0.44	0.50	0.54	0.72	0.98	0.58	0.32	0.48	0.50	0.76	0.93
Cash Income Taxes Paid	-0.53	0.11	0.02	0.34	0.19	0.86	-0.11	0.24	1.75	0.47	0.75

This table details how cash moves in and out of Nortech Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-0.79	0.55	2.35	-2.49	-0.30	-0.32	0.25	-0.51	0.62	0.38	0.55
Net Cash From Operating Activities	1.90	-0.41	2.83	-4.29	-1.59	0.79	-2.93	0.16	-0.09	5.61	-1.56
Net Cash From Continuing Operating Activities	1.90	-0.41	2.83	-4.29	-1.59	0.79	-2.93	0.16	-0.09	5.61	-1.56
Net Income / (Loss) Continuing Operations	1.21	4.35	0.77	0.16	-0.74	-1.48	-1.32	0.31	-0.15	0.90	-0.03
Consolidated Net Income / (Loss)	1.21	4.35	0.77	0.16	-0.74	-1.48	-1.32	0.31	-0.15	0.90	-0.03
Depreciation Expense	0.51	0.35	0.44	0.52	0.43	0.25	0.35	0.34	0.31	0.28	0.30
Non-Cash Adjustments To Reconcile Net Income	0.27	-2.13	0.30	-0.71	0.11	1.27	0.54	-1.22	-0.70	0.98	-1.63
Changes in Operating Assets and Liabilities, net	-0.09	-3.15	1.28	-4.21	-1.39	0.66	-2.50	0.73	0.44	3.43	-0.20
Net Cash From Investing Activities	-0.17	-0.16	-0.74	-0.28	0.04	-0.29	-0.27	-0.09	0.35	-0.14	-0.23
Net Cash From Continuing Investing Activities	-0.17	-0.16	-0.74	-0.28	0.04	-0.29	-0.27	-0.09	0.35	-0.14	-0.23
Purchase of Property, Plant & Equipment	-0.17	-0.16	-0.74	-0.28	0.04	-0.29	-0.27	-0.10	-0.15	-0.14	-0.23
Net Cash From Financing Activities	-2.53	1.11	0.27	2.07	1.22	-0.80	3.45	-0.59	0.36	-5.09	2.34
Net Cash From Continuing Financing Activities	-2.53	1.11	0.27	2.07	1.22	-0.80	3.45	-0.59	0.36	-5.09	2.34
Repayment of Debt	-32	-28	-32	-33	-30	-31	-23	-26	-24	-31	-9.76
Issuance of Debt	30	29	33	36	32	30	26	25	25	26	12
Other Financing Activities, net	-0.12	-0.10	-0.10	-0.07	0.10	-0.25	-0.03	-0.03	-0.06	-0.06	-0.06
Effect of Exchange Rate Changes	-	-	-	-	-	-	-0.00	0.01	0.01	0.01	0.01
Cash Interest Paid	0.14	0.12	0.13	0.17	0.22	0.23	0.20	0.27	0.27	0.19	0.17
Cash Income Taxes Paid	0.21	0.51	0.14	0.14	0.10	0.10	0.18	0.21	0.19	0.17	-0.33

This table presents Nortech Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	57	56	52	60	61	58	67	70	75	72	72
Total Current Assets	40	39	38	46	43	41	52	55	59	55	56
Cash & Equivalents	0.00	0.27	0.47	0.48	0.35	0.35	0.64	1.03	0.96	0.92	1.66
Restricted Cash	-	0.00	0.31	0.47	0.31	3.21	1.58	1.45	0.72	-	0.00
Accounts Receivable	18	17	17	20	19	16	15	16	19	15	17
Inventories, net	20	21	19	17	14	14	19	22	22	22	21
Prepaid Expenses	1.45	1.05	1.04	1.38	2.13	2.03	1.66	1.33	1.70	4.09	1.62
Other Current Assets	-	-	-	6.43	7.66	5.90	14	13	14	14	15
Plant, Property, & Equipment, net	11	10	10	10	9.58	6.43	5.83	6.41	6.51	6.23	5.20
Total Noncurrent Assets	5.68	5.70	4.14	3.93	8.55	10	9.48	8.27	9.82	11	11
Intangible Assets	2.05	1.86	1.74	1.52	1.34	1.17	0.50	0.42	0.26	0.17	0.16
Noncurrent Deferred & Refundable Income Taxes	0.34	0.54	-	-	-	-	-	0.00	2.64	2.58	3.39
Other Noncurrent Operating Assets	0.01	0.01	0.03	0.03	4.83	9.00	8.98	7.85	6.92	8.14	7.02
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	0.00
Total Liabilities & Shareholders' Equity	57	56	52	60	61	58	67	70	75	72	72
Total Liabilities	34	33	32	39	41	39	41	41	40	38	37
Total Current Liabilities	20	20	18	25	22	20	22	26	27	21	30
Short-Term Debt	1.50	1.57	1.30	0.78	0.44	1.20	1.04	1.16	1.03	0.00	7.00
Accounts Payable	13	14	12	18	14	11	13	15	16	12	13
Accrued Expenses	1.99	1.60	2.15	2.89	2.87	2.88	3.91	1.74	1.06	1.55	1.22
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	5.14	5.39
Current Employee Benefit Liabilities	3.14	3.31	2.90	2.75	3.49	2.87	4.05	4.80	4.14	1.84	1.82
Other Current Liabilities	-	-	-	0.34	1.42	1.35	0.60	0.39	0.36	1.32	1.61
Total Noncurrent Liabilities	15	13	14	14	19	19	19	15	13	17	7.53
Long-Term Debt	14	12	13	13	13	9.19	8.96	6.85	5.82	8.63	0.00
Other Noncurrent Operating Liabilities	0.98	0.69	0.14	0.14	0.12	9.04	0.10	7.64	7.18	8.37	7.53
Total Equity & Noncontrolling Interests	22	22	20	21	20	19	26	28	35	34	35
Total Preferred & Common Equity	22	22	20	21	20	19	26	28	35	34	35
Preferred Stock	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
Total Common Equity	22	22	20	21	20	18	26	28	35	34	34
Common Stock	16	16	16	16	16	16	16	16	17	17	18
Retained Earnings	6.29	6.34	3.89	5.44	4.21	2.66	9.82	12	19	17	17
Accumulated Other Comprehensive Income / (Loss)	-0.06	-0.04	-0.10	-0.23	-0.26	-0.04	0.06	-0.37	-0.53	-0.98	-0.71

This table presents Nortech Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	75	76	77	74	75	75	77
Total Current Assets	59	59	60	57	58	59	61
Cash & Equivalents	4.03	1.54	1.24	1.16	0.65	1.27	1.96
Restricted Cash	-	-	-	-	-	-	0.24
Accounts Receivable	16	18	17	16	18	19	18
Inventories, net	23	23	22	21	19	18	24
Prepaid Expenses	1.89	2.29	5.07	5.67	5.75	5.37	1.07
Other Current Assets	14	15	15	14	15	15	16
Plant, Property, & Equipment, net	6.13	6.00	5.83	5.58	5.44	5.32	5.08
Total Noncurrent Assets	10	11	11	11	11	10	11
Intangible Assets	0.22	0.18	0.18	0.17	0.17	0.16	0.15
Noncurrent Deferred & Refundable Income Taxes	2.64	2.64	2.64	2.58	3.28	2.76	3.75
Other Noncurrent Operating Assets	7.34	8.27	8.03	7.89	7.62	7.31	6.72
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	0.27
Total Liabilities & Shareholders' Equity	75	76	77	74	75	75	77
Total Liabilities	39	40	41	41	41	41	42
Total Current Liabilities	26	23	23	21	22	34	33
Short-Term Debt	-	-	-	0.56	0.00	12	7.92
Accounts Payable	15	13	12	10	12	12	15
Accrued Expenses	1.06	1.12	1.45	1.24	1.28	1.22	1.49
Current Deferred Revenue	3.14	5.45	5.26	5.03	5.18	4.72	4.67
Current Employee Benefit Liabilities	4.77	2.61	2.94	2.52	1.75	2.40	2.71
Other Current Liabilities	1.53	1.38	1.35	1.31	1.47	1.56	1.57
Total Noncurrent Liabilities	14	17	18	20	20	7.80	8.93
Long-Term Debt	6.17	8.31	9.51	12	12	0.00	1.74
Other Noncurrent Operating Liabilities	7.56	8.50	8.45	8.03	8.21	7.80	7.19
Total Equity & Noncontrolling Interests	36	36	36	33	33	33	35
Total Preferred & Common Equity	36	36	36	33	33	33	35
Preferred Stock	0.25	0.25	0.25	0.25	0.25	0.25	0.25
Total Common Equity	36	36	35	33	33	33	34
Common Stock	17	17	17	17	18	18	18
Retained Earnings	19	20	19	16	16	16	17
Accumulated Other Comprehensive Income / (Loss)	-0.72	-0.89	-0.67	-0.97	-0.85	-0.87	-0.64

This table displays calculated financial ratios and metrics derived from Nortech Systems' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	2,746,325.00	2,747,831.00	2,739,251.00	2,673,435.00	2,657,314.00	2,657,530.00	2,672,064.00	2,690,634.00	2,737,178.00	2,756,754.00	2,786,134.00
DEI Adjusted Shares Outstanding	2,746,325.00	2,747,831.00	2,739,251.00	2,673,435.00	2,657,314.00	2,657,530.00	2,672,064.00	2,690,634.00	2,737,178.00	2,756,754.00	2,786,134.00
DEI Earnings Per Adjusted Shares Outstanding	-0.21	0.02	-0.89	0.06	-0.46	-0.58	2.68	0.75	2.51	-0.47	-0.09
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.81%	1.24%	-3.68%	0.92%	2.61%	-10.51%	10.63%	16.46%	3.88%	-8.04%	-7.62%
EBITDA Growth	-45.31%	59.21%	-57.84%	178.83%	-28.88%	-35.50%	167.72%	37.52%	37.84%	-80.72%	46.66%
EBIT Growth	-131.77%	249.05%	-301.57%	198.50%	-82.07%	-375.00%	468.83%	71.13%	53.11%	-103.28%	600.00%
NOPAT Growth	-124.28%	218.32%	-353.92%	147.48%	-62.79%	-375.00%	570.42%	10.80%	233.09%	-101.82%	-16,263.64%
Net Income Growth	-164.93%	107.66%	-5,687.79%	106.79%	-839.76%	-25.90%	562.74%	-71.90%	241.99%	-118.84%	80.54%
EPS Growth	-165.63%	109.52%	-4,550.00%	106.74%	-866.67%	-26.09%	537.93%	-72.44%	240.00%	-119.75%	80.85%
Operating Cash Flow Growth	113.83%	4.55%	-77.19%	203.23%	-59.21%	36.71%	-433.09%	218.99%	-67.25%	-227.19%	221.91%
Free Cash Flow Firm Growth	-615.52%	190.70%	-73.79%	-84.01%	-4,921.49%	398.32%	-226.11%	178.38%	-91.94%	-221.56%	-1,709.03%
Invested Capital Growth	5.19%	-4.26%	-3.90%	0.99%	11.74%	-31.26%	62.90%	-21.44%	19.18%	2.45%	-4.39%
Revenue Q/Q Growth	0.87%	-2.04%	-2.97%	2.96%	1.74%	-6.28%	9.11%	1.63%	0.31%	-5.48%	1.45%
EBITDA Q/Q Growth	8.11%	-0.11%	-61.95%	135.00%	94.67%	-73.51%	255.69%	46.17%	35.83%	-71.75%	2,659.76%
EBIT Q/Q Growth	11.87%	-0.04%	-253.09%	347.33%	136.48%	-115.50%	467.64%	71.73%	47.90%	-105.26%	184.56%
NOPAT Q/Q Growth	11.87%	-24.44%	-158.33%	219.21%	136.48%	-115.30%	568.90%	7.62%	211.53%	-102.47%	-2,667.48%
Net Income Q/Q Growth	-18.97%	-36.91%	-2,329.21%	107.92%	27.72%	-168.44%	630.32%	-72.70%	221.06%	-128.56%	90.41%
EPS Q/Q Growth	-16.67%	0.00%	-1,880.00%	108.00%	28.13%	-169.05%	523.33%	-73.58%	221.62%	-130.32%	90.22%
Operating Cash Flow Q/Q Growth	-17.63%	166.29%	-64.56%	-11.29%	382.44%	20.51%	-226.62%	885.17%	-73.13%	34.88%	232.38%
Free Cash Flow Firm Q/Q Growth	-23.52%	1,354.43%	-78.38%	-93.55%	-90.19%	65.68%	-1,554.44%	206.86%	-98.05%	97.05%	-2,026.89%
Invested Capital Q/Q Growth	2.41%	-3.58%	-5.22%	0.18%	6.91%	-16.78%	33.65%	-24.84%	0.00%	-5.09%	-9.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.47%	11.87%	10.79%	11.74%	10.81%	9.28%	13.77%	15.27%	16.58%	13.05%	15.21%
EBITDA Margin	1.59%	2.51%	1.10%	3.03%	2.10%	1.51%	3.67%	4.33%	5.74%	1.20%	1.91%
Operating Margin	-0.37%	0.54%	-1.13%	1.10%	0.19%	-0.59%	1.97%	2.90%	4.27%	-0.15%	0.82%
EBIT Margin	-0.37%	0.54%	-1.13%	1.10%	0.19%	-0.59%	1.97%	2.90%	4.27%	-0.15%	0.82%
Profit (Net Income) Margin	-0.50%	0.04%	-2.18%	0.15%	-1.06%	-1.49%	6.21%	1.50%	4.93%	-1.01%	-0.21%
Tax Burden Percent	64.39%	55.57%	118.11%	33.74%	149.94%	125.08%	89.28%	57.81%	125.76%	137.91%	-2,290.91%
Interest Burden Percent	210.27%	12.52%	163.33%	39.39%	-365.63%	200.65%	352.68%	89.43%	91.82%	481.54%	1.13%
Effective Tax Rate	0.00%	44.43%	0.00%	66.26%	0.00%	0.00%	10.72%	42.19%	-25.76%	0.00%	2,390.91%
Return on Invested Capital (ROIC)	-0.81%	0.95%	-2.53%	1.22%	0.43%	-1.32%	5.78%	5.79%	19.99%	-0.33%	-54.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.79%	-1.18%	-13.62%	-0.59%	-8.09%	-9.62%	46.18%	3.76%	9.32%	-18.02%	283.38%
Return on Net Nonoperating Assets (RNNOA)	-1.72%	-0.76%	-9.08%	-0.41%	-6.41%	-6.68%	26.14%	1.63%	1.69%	-3.40%	54.00%
Return on Equity (ROE)	-2.53%	0.20%	-11.61%	0.81%	-5.98%	-7.99%	31.92%	7.42%	21.68%	-3.73%	-0.74%
Cash Return on Invested Capital (CROIC)	-5.87%	5.31%	1.45%	0.24%	-10.67%	35.73%	-42.07%	29.80%	2.49%	-2.75%	-50.25%
Operating Return on Assets (OROA)	-0.80%	1.12%	-2.36%	2.23%	0.37%	-1.03%	3.64%	5.69%	8.23%	-0.26%	1.35%
Return on Assets (ROA)	-1.09%	0.08%	-4.55%	0.30%	-2.02%	-2.60%	11.47%	2.94%	9.50%	-1.76%	-0.35%
Return on Common Equity (ROCE)	-2.51%	0.19%	-11.47%	0.80%	-5.91%	-7.89%	31.56%	7.35%	21.51%	-3.71%	-0.73%
Return on Equity Simple (ROE_SIMPLE)	-2.57%	0.20%	-12.34%	0.79%	-6.15%	-8.26%	27.40%	7.16%	19.45%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.30	0.35	-0.89	0.42	0.16	-0.43	2.03	2.25	7.49	-0.14	-22
NOPAT Margin	-0.26%	0.30%	-0.79%	0.37%	0.13%	-0.41%	1.76%	1.68%	5.37%	-0.11%	-18.87%
Net Nonoperating Expense Percent (NNEP)	1.98%	2.14%	11.09%	1.81%	8.51%	8.30%	-40.40%	2.02%	10.68%	17.69%	-338.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	17.66%	-0.32%	-53.76%
Cost of Revenue to Revenue	89.53%	88.13%	89.21%	88.26%	89.19%	90.72%	86.23%	84.73%	83.42%	86.95%	84.79%
SG&A Expenses to Revenue	10.84%	11.33%	11.42%	10.64%	10.62%	11.26%	10.73%	11.29%	11.45%	11.83%	13.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	1.09%	0.86%	0.93%	0.99%
Operating Expenses to Revenue	10.84%	11.33%	11.92%	10.64%	10.62%	9.88%	11.80%	12.37%	12.31%	13.20%	14.39%
Earnings before Interest and Taxes (EBIT)	-0.42	0.63	-1.27	1.25	0.22	-0.62	2.27	3.89	5.95	-0.20	0.98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.84	2.92	1.23	3.44	2.45	1.58	4.22	5.81	8.00	1.54	2.26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.48	0.48	0.54	0.46	0.66	1.03	1.07	1.18	0.73	0.84	0.60
Price to Tangible Book Value (P/TBV)	0.64	0.63	0.68	0.56	0.81	1.10	1.09	1.20	0.74	0.84	0.61
Price to Revenue (P/Rev)	0.09	0.09	0.09	0.08	0.11	0.18	0.24	0.25	0.19	0.22	0.17
Price to Earnings (P/E)	0.00	244.19	0.00	57.17	0.00	0.00	3.87	16.40	3.75	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.41%	0.00%	1.75%	0.00%	0.00%	25.87%	6.10%	26.66%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.70	0.68	0.74	0.67	0.83	1.02	1.04	1.15	0.77	0.87	0.66
Enterprise Value to Revenue (EV/Rev)	0.23	0.21	0.23	0.21	0.28	0.26	0.39	0.29	0.23	0.28	0.22
Enterprise Value to EBITDA (EV/EBITDA)	14.18	8.36	20.62	6.81	13.11	17.30	10.73	6.77	3.93	23.55	11.61
Enterprise Value to EBIT (EV/EBIT)	0.00	38.86	0.00	18.75	143.12	0.00	19.94	10.11	5.28	0.00	26.96
Enterprise Value to NOPAT (EV/NOPAT)	0.00	69.92	0.00	55.56	204.46	0.00	22.33	17.49	4.20	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.71	6.92	31.54	9.58	32.16	20.02	0.00	7.28	17.76	0.00	9.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	12.58	49.92	287.59	0.00	2.33	0.00	3.40	33.69	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.62	0.78	0.69	0.98	0.62	0.75	0.31	0.20	0.25	0.20
Long-Term Debt to Equity	0.61	0.55	0.71	0.66	0.96	0.55	0.71	0.26	0.17	0.25	0.00
Financial Leverage	0.62	0.64	0.67	0.69	0.79	0.69	0.57	0.43	0.18	0.19	0.19
Leverage Ratio	2.33	2.51	2.55	2.74	2.96	3.08	2.78	2.52	2.28	2.13	2.11
Compound Leverage Factor	4.90	0.31	4.17	1.08	-10.81	6.17	9.81	2.25	2.09	10.25	0.02
Debt to Total Capital	40.47%	38.16%	43.68%	40.94%	49.43%	38.16%	42.89%	23.39%	16.64%	20.25%	16.85%
Short-Term Debt to Total Capital	4.00%	4.34%	3.69%	2.18%	1.12%	3.98%	2.28%	3.15%	2.44%	0.00%	16.85%
Long-Term Debt to Total Capital	36.47%	33.83%	39.99%	38.75%	48.31%	34.18%	40.61%	20.24%	14.21%	20.25%	0.00%
Preferred Equity to Total Capital	0.67%	0.69%	0.71%	0.70%	0.63%	0.83%	0.55%	0.68%	0.59%	0.59%	0.60%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.86%	61.14%	55.61%	58.36%	49.93%	61.02%	56.56%	75.93%	82.77%	79.16%	82.55%
Debt to EBITDA	8.24	4.71	12.47	4.25	7.99	7.32	4.65	1.48	0.88	5.60	3.09
Net Debt to EBITDA	8.24	4.62	11.84	3.98	7.72	5.06	4.12	1.05	0.67	5.00	2.36
Long-Term Debt to EBITDA	7.43	4.17	11.42	4.03	7.81	6.56	4.40	1.28	0.75	5.60	0.00
Debt to NOPAT	-51.25	39.40	-17.32	34.69	124.54	-26.78	9.67	3.81	0.94	-63.25	-0.31
Net Debt to NOPAT	-51.25	38.63	-16.45	32.44	120.33	-18.52	8.57	2.71	0.72	-56.54	-0.24
Long-Term Debt to NOPAT	-46.19	34.92	-15.86	32.84	121.71	-23.99	9.15	3.30	0.80	-63.25	0.00
Altman Z-Score	2.79	2.91	2.83	2.65	2.60	2.58	2.97	3.32	3.37	3.10	2.79
Noncontrolling Interest Sharing Ratio	1.11%	1.12%	1.19%	1.22%	1.22%	1.29%	1.12%	0.92%	0.79%	0.72%	0.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.05	1.94	2.09	1.84	1.95	2.10	2.32	2.08	2.21	2.58	1.88
Quick Ratio	0.94	0.87	0.99	0.83	0.85	0.82	0.68	0.64	0.76	0.74	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.14	1.94	0.51	0.08	-3.93	12	-15	12	0.93	-1.13	-21
Operating Cash Flow to CapEx	201.40%	180.94%	559.72%	176.33%	138.66%	0.00%	-681.68%	229.38%	137.77%	-178.15%	1,747.13%
Free Cash Flow to Firm to Interest Expense	-4.60	3.53	0.63	0.11	-3.76	18.89	0.00	28.16	1.91	-1.52	-21.27
Operating Cash Flow to Interest Expense	7.26	6.42	1.00	3.23	0.96	2.20	0.00	13.14	3.63	-3.02	2.85
Operating Cash Flow Less CapEx to Interest Expense	3.66	2.87	0.82	1.40	0.27	11.12	0.00	7.41	1.00	-4.72	2.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.19	2.08	2.09	2.02	1.92	1.75	1.85	1.96	1.93	1.74	1.64
Accounts Receivable Turnover	6.44	6.52	6.47	6.04	6.02	6.09	7.63	8.79	7.90	7.50	7.43
Inventory Turnover	5.33	5.03	5.12	5.63	6.63	6.70	5.96	5.43	5.27	5.15	4.74
Fixed Asset Turnover	10.77	11.19	10.96	11.14	11.78	13.01	18.79	21.91	21.57	20.11	20.70
Accounts Payable Turnover	9.35	7.65	7.85	6.71	6.45	7.48	8.29	8.26	7.57	8.10	8.23
Days Sales Outstanding (DSO)	56.72	55.95	56.44	60.38	60.63	59.92	47.81	41.53	46.18	48.65	49.14
Days Inventory Outstanding (DIO)	68.51	72.51	71.35	64.81	55.02	54.49	61.29	67.24	69.24	70.93	76.98
Days Payable Outstanding (DPO)	39.02	47.71	46.48	54.43	56.56	48.80	44.01	44.17	48.23	45.06	44.35
Cash Conversion Cycle (CCC)	86.21	80.76	81.30	70.76	59.10	65.61	65.09	64.61	67.19	74.51	81.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	37	36	34	35	39	27	43	34	41	42	40
Invested Capital Turnover	3.16	3.19	3.20	3.28	3.16	3.18	3.28	3.45	3.72	3.11	2.90
Increase / (Decrease) in Invested Capital	1.85	-1.59	-1.40	0.34	4.08	-12	17	-9.33	6.55	1.00	-1.83
Enterprise Value (EV)	26	24	25	23	32	27	45	39	31	36	26
Market Capitalization	11	11	11	9.49	13	19	28	33	26	28	21
Book Value per Share	$8.02	$8.03	$7.15	$7.80	$7.42	$6.95	$9.68	$10.34	$12.82	$12.24	$12.31
Tangible Book Value per Share	$6.08	$6.16	$5.64	$6.34	$6.02	$6.51	$9.49	$10.19	$12.73	$12.18	$12.25
Total Capital	37	36	35	36	40	30	46	37	42	43	42
Total Debt	15	14	15	15	20	12	20	8.57	7.06	8.63	7.00
Total Long-Term Debt	14	12	14	14	19	10	19	7.42	6.02	8.63	0.00
Net Debt	15	14	15	14	19	7.99	17	6.09	5.38	7.72	5.35
Capital Expenditures (CapEx)	1.68	1.95	0.14	1.39	0.72	-5.53	0.67	2.36	1.28	1.26	0.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	22	20	20	21	21	19	28	27	32	33	32
Debt-free Net Working Capital (DFNWC)	22	21	21	22	21	23	31	30	33	34	33
Net Working Capital (NWC)	21	19	20	21	21	22	29	28	32	34	26
Net Nonoperating Expense (NNE)	0.28	0.31	1.56	0.26	1.38	1.11	-5.13	0.24	0.61	1.16	-22
Net Nonoperating Obligations (NNO)	15	14	15	14	19	7.99	17	6.09	5.38	7.72	5.35
Total Depreciation and Amortization (D&A)	2.26	2.30	2.50	2.19	2.22	2.19	1.95	1.92	2.05	1.74	1.29
Debt-free, Cash-free Net Working Capital to Revenue	19.27%	17.56%	18.02%	18.34%	17.91%	18.39%	24.56%	20.23%	22.66%	25.73%	26.74%
Debt-free Net Working Capital to Revenue	19.27%	17.79%	18.71%	19.18%	18.48%	21.81%	26.49%	22.08%	23.86%	26.45%	28.14%
Net Working Capital to Revenue	17.97%	16.45%	17.56%	18.49%	18.10%	20.65%	25.59%	21.22%	23.12%	26.45%	22.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.21)	$0.02	($0.89)	$0.06	($0.46)	($0.58)	$2.68	$0.75	$2.53	($0.47)	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	2.75M	2.75M	2.75M	2.69M	2.67M	2.66M	2.66M	2.69M	2.72M	2.76M	2.78M
Adjusted Diluted Earnings per Share	($0.21)	$0.02	($0.89)	$0.06	($0.46)	($0.58)	$2.54	$0.70	$2.38	($0.47)	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	2.75M	2.75M	2.75M	2.70M	2.67M	2.66M	2.82M	2.89M	2.89M	2.76M	2.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.75M	2.75M	2.70M	2.68M	2.66M	2.66M	2.68M	2.70M	2.74M	2.76M	2.79M
Normalized Net Operating Profit after Tax (NOPAT)	-0.30	0.35	-0.50	0.87	0.16	-1.44	2.19	2.24	4.17	0.26	0.87
Normalized NOPAT Margin	-0.26%	0.30%	-0.45%	0.77%	0.13%	-1.39%	1.91%	1.67%	2.99%	0.21%	0.73%
Pre Tax Income Margin	-0.77%	0.07%	-1.84%	0.43%	-0.70%	-1.19%	6.96%	2.59%	3.92%	-0.73%	0.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.91	1.14	-1.58	1.65	0.21	-0.99	0.00	9.46	12.22	-0.26	1.01
NOPAT to Interest Expense	-0.63	0.64	-1.11	0.56	0.15	-0.70	0.00	5.47	15.37	-0.18	-23.17
EBIT Less CapEx to Interest Expense	-4.51	-2.41	-1.76	-0.18	-0.47	7.93	0.00	3.73	9.59	-1.96	0.85
NOPAT Less CapEx to Interest Expense	-4.24	-2.91	-1.28	-1.27	-0.54	8.23	0.00	-0.26	12.74	-1.88	-23.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-1.23%	166.27%	-10.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Nortech Systems' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	2,737,178.00	2,737,178.00	2,740,178.00	2,756,677.00	2,762,177.00	2,756,754.00	2,760,793.00	2,760,993.00	2,786,134.00	2,786,134.00	5,572,268.00
DEI Adjusted Shares Outstanding	2,737,178.00	2,737,178.00	2,740,178.00	2,756,677.00	2,762,177.00	2,756,754.00	2,760,793.00	2,760,993.00	2,786,134.00	2,786,134.00	5,572,268.00
DEI Earnings Per Adjusted Shares Outstanding	0.44	1.59	0.28	0.06	-0.27	-0.54	-0.48	0.11	-0.05	0.32	-0.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.41%	1.22%	-1.93%	-3.23%	-5.88%	-20.62%	-21.39%	-9.49%	-2.95%	5.92%	12.72%
EBITDA Growth	-32.34%	181.24%	5.07%	-46.45%	-102.02%	-132.29%	-177.34%	24.19%	3,896.97%	221.17%	127.65%
EBIT Growth	-42.21%	257.41%	9.69%	-68.70%	-141.55%	-145.83%	-239.65%	115.70%	302.36%	173.43%	102.91%
NOPAT Growth	-16.61%	1,178.56%	17.60%	-57.82%	-123.95%	-118.84%	-226.25%	58.71%	37.19%	238.17%	102.91%
Net Income Growth	-21.32%	1,242.26%	12.33%	-75.24%	-161.23%	-133.96%	-272.03%	99.36%	80.24%	160.69%	97.42%
EPS Growth	-20.75%	1,261.54%	13.04%	-77.27%	-164.29%	-133.77%	-284.62%	140.00%	81.48%	162.75%	97.92%
Operating Cash Flow Growth	-35.37%	-109.36%	64.61%	-198.26%	-183.42%	292.48%	-203.61%	103.66%	94.20%	607.19%	46.72%
Free Cash Flow Firm Growth	515.04%	-122.40%	-136.86%	-156.31%	-194.57%	6.93%	-102.42%	85.54%	99.18%	262.60%	132.44%
Invested Capital Growth	0.00%	19.18%	13.16%	19.17%	0.00%	2.45%	15.83%	3.34%	0.36%	-4.39%	-5.19%
Revenue Q/Q Growth	-4.72%	8.05%	-5.10%	-0.95%	-7.33%	-8.87%	-6.03%	14.05%	-0.63%	-0.55%	0.01%
EBITDA Q/Q Growth	0.93%	85.15%	-45.96%	-46.98%	-103.80%	-2,863.64%	-29.45%	185.15%	16.23%	-5.43%	-70.46%
EBIT Q/Q Growth	2.27%	138.17%	-56.85%	-70.22%	-235.76%	-162.74%	-31.46%	146.00%	27.36%	-4.66%	-94.78%
NOPAT Q/Q Growth	90.79%	234.09%	-80.39%	-66.26%	-208.35%	-162.74%	-31.46%	142.41%	-142.88%	678.04%	-97.23%
Net Income Q/Q Growth	90.38%	260.56%	-82.42%	-79.48%	-570.70%	-100.00%	10.96%	123.78%	-146.65%	714.38%	-103.79%
EPS Q/Q Growth	90.91%	259.52%	-82.78%	-80.77%	-640.00%	-88.89%	5.88%	125.00%	-141.67%	740.00%	-103.13%
Operating Cash Flow Q/Q Growth	232.22%	-121.68%	786.41%	-251.56%	63.02%	150.03%	-469.48%	105.36%	-158.60%	6,195.65%	-127.84%
Free Cash Flow Firm Q/Q Growth	299.33%	-104.26%	-77.60%	-86.44%	-570.67%	95.81%	-286.29%	86.68%	62.07%	932.92%	-22.93%
Invested Capital Q/Q Growth	-100.00%	0.00%	-6.33%	12.50%	2.43%	-5.09%	5.91%	0.37%	-0.53%	-9.57%	5.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.94%	18.94%	15.92%	13.62%	12.21%	9.86%	11.44%	15.77%	16.49%	16.71%	15.51%
EBITDA Margin	4.90%	8.40%	4.78%	2.56%	-0.11%	-3.42%	-4.71%	3.51%	4.11%	3.91%	1.15%
Operating Margin	3.37%	7.43%	3.38%	1.02%	-1.49%	-4.29%	-6.00%	2.42%	3.10%	2.97%	0.16%
EBIT Margin	3.37%	7.43%	3.38%	1.02%	-1.49%	-4.29%	-6.00%	2.42%	3.10%	2.97%	0.16%
Profit (Net Income) Margin	3.62%	12.07%	2.24%	0.46%	-2.35%	-5.16%	-4.89%	1.02%	-0.48%	2.96%	-0.11%
Tax Burden Percent	121.43%	170.33%	77.43%	87.71%	108.20%	103.87%	72.03%	64.54%	-21.73%	131.72%	16.27%
Interest Burden Percent	88.43%	95.44%	85.54%	52.03%	146.25%	115.97%	113.27%	65.36%	71.11%	75.58%	-444.68%
Effective Tax Rate	-21.43%	-70.33%	22.57%	12.29%	0.00%	0.00%	0.00%	35.46%	121.73%	-31.72%	0.00%
Return on Invested Capital (ROIC)	0.00%	47.05%	10.09%	3.10%	-6.42%	-9.33%	-12.32%	4.21%	-1.78%	11.36%	0.31%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	43.43%	6.37%	0.93%	-16.39%	-18.78%	-15.09%	2.34%	-1.16%	6.92%	-0.41%
Return on Net Nonoperating Assets (RNNOA)	0.00%	7.86%	0.68%	0.19%	-3.80%	-3.55%	-2.96%	0.60%	-0.32%	1.32%	-0.11%
Return on Equity (ROE)	0.00%	54.91%	10.77%	3.29%	-10.22%	-12.88%	-15.28%	4.80%	-2.10%	12.67%	0.19%
Cash Return on Invested Capital (CROIC)	0.00%	2.49%	8.93%	0.96%	-174.82%	-2.75%	-19.71%	-7.40%	-2.19%	-50.25%	9.20%
Operating Return on Assets (OROA)	0.00%	14.30%	6.43%	1.93%	-2.62%	-7.45%	-9.73%	3.77%	4.77%	4.87%	0.25%
Return on Assets (ROA)	0.00%	23.25%	4.26%	0.88%	-4.14%	-8.97%	-7.94%	1.59%	-0.74%	4.85%	-0.18%
Return on Common Equity (ROCE)	0.00%	54.48%	10.69%	3.26%	-10.15%	-12.78%	-15.17%	4.77%	-2.09%	12.58%	0.19%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	19.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.36	4.56	0.89	0.30	-0.33	-0.86	-1.13	0.48	-0.21	1.19	0.03
NOPAT Margin	4.09%	12.65%	2.61%	0.89%	-1.04%	-3.00%	-4.20%	1.56%	-0.67%	3.92%	0.11%
Net Nonoperating Expense Percent (NNEP)	0.00%	3.62%	3.72%	2.18%	9.97%	9.45%	2.77%	1.87%	-0.62%	4.44%	0.72%
Return On Investment Capital (ROIC_SIMPLE)	-	10.75%	2.12%	0.68%	-0.72%	-2.01%	-2.49%	1.06%	-0.45%	2.86%	0.07%
Cost of Revenue to Revenue	84.06%	81.06%	84.08%	86.38%	87.79%	90.14%	88.56%	84.23%	83.51%	83.29%	84.49%
SG&A Expenses to Revenue	11.63%	10.70%	11.62%	11.48%	12.23%	12.04%	15.24%	12.37%	12.51%	12.82%	14.33%
R&D to Revenue	0.94%	0.81%	0.93%	0.86%	0.90%	1.04%	1.21%	0.98%	0.87%	0.92%	1.02%
Operating Expenses to Revenue	12.57%	11.51%	12.55%	12.61%	13.70%	14.15%	17.44%	13.35%	13.38%	13.74%	15.35%
Earnings before Interest and Taxes (EBIT)	1.12	2.68	1.16	0.34	-0.47	-1.23	-1.61	0.74	0.95	0.90	0.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.64	3.03	1.64	0.87	-0.03	-0.98	-1.27	1.08	1.25	1.19	0.35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.73	1.02	1.05	0.91	0.84	0.81	0.74	0.76	0.60	0.99
Price to Tangible Book Value (P/TBV)	0.00	0.74	1.03	1.05	0.92	0.84	0.81	0.75	0.76	0.61	0.99
Price to Revenue (P/Rev)	0.18	0.19	0.26	0.27	0.24	0.22	0.22	0.21	0.22	0.17	0.28
Price to Earnings (P/E)	11.83	3.75	5.26	5.81	7.13	0.00	0.00	0.00	0.00	0.00	32.97
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.46%	26.66%	19.02%	17.22%	14.02%	0.00%	0.00%	0.00%	0.00%	0.00%	3.03%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.77	1.02	1.04	0.93	0.87	0.86	0.81	0.82	0.66	0.99
Enterprise Value to Revenue (EV/Rev)	0.00	0.23	0.28	0.32	0.30	0.28	0.31	0.31	0.31	0.22	0.34
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.93	4.94	6.26	7.48	23.55	0.00	0.00	441.07	11.61	10.79
Enterprise Value to EBIT (EV/EBIT)	0.00	5.28	6.44	8.42	11.02	0.00	0.00	0.00	0.00	26.96	15.81
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4.20	5.10	6.13	7.38	0.00	0.00	0.00	0.00	0.00	25.01
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.76	13.54	1,488.35	0.00	0.00	0.00	0.00	0.00	9.58	10.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	33.69	12.15	117.95	0.00	0.00	0.00	0.00	0.00	0.00	10.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.20	0.17	0.23	0.27	0.25	0.38	0.35	0.36	0.20	0.28
Long-Term Debt to Equity	0.00	0.17	0.17	0.23	0.27	0.25	0.36	0.35	0.00	0.00	0.05
Financial Leverage	0.00	0.18	0.11	0.20	0.23	0.19	0.20	0.26	0.28	0.19	0.27
Leverage Ratio	0.00	2.28	2.24	2.20	2.16	2.13	2.16	2.17	2.20	2.11	2.22
Compound Leverage Factor	0.00	2.18	1.92	1.15	3.15	2.47	2.45	1.42	1.56	1.59	-9.89
Debt to Total Capital	0.00%	16.64%	14.63%	18.70%	21.04%	20.25%	27.60%	25.81%	26.51%	16.85%	21.77%
Short-Term Debt to Total Capital	0.00%	2.44%	0.00%	0.00%	0.00%	0.00%	1.24%	0.00%	26.51%	16.85%	17.85%
Long-Term Debt to Total Capital	0.00%	14.21%	14.63%	18.70%	21.04%	20.25%	26.36%	25.81%	0.00%	0.00%	3.93%
Preferred Equity to Total Capital	0.00%	0.59%	0.59%	0.56%	0.55%	0.59%	0.55%	0.56%	0.55%	0.60%	0.56%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	82.77%	84.78%	80.74%	78.41%	79.16%	71.85%	73.64%	72.94%	82.55%	77.66%
Debt to EBITDA	0.00	0.88	0.78	1.17	1.74	5.60	-8.88	-9.65	146.71	3.09	2.50
Net Debt to EBITDA	0.00	0.67	0.27	0.95	1.51	5.00	-8.06	-9.11	131.21	2.36	1.93
Long-Term Debt to EBITDA	0.00	0.75	0.78	1.17	1.74	5.60	-8.48	-9.65	0.00	0.00	0.45
Debt to NOPAT	0.00	0.94	0.81	1.14	1.72	-63.25	-6.04	-6.47	-14.91	-0.31	5.80
Net Debt to NOPAT	0.00	0.72	0.28	0.93	1.49	-56.54	-5.48	-6.11	-13.33	-0.24	4.47
Long-Term Debt to NOPAT	0.00	0.80	0.81	1.14	1.72	-63.25	-5.76	-6.47	0.00	0.00	1.05
Altman Z-Score	0.00	3.22	3.34	3.31	3.13	3.05	2.86	2.86	2.68	2.79	2.82
Noncontrolling Interest Sharing Ratio	0.00%	0.79%	0.77%	0.76%	0.70%	0.72%	0.73%	0.72%	0.72%	0.73%	0.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.21	2.30	2.54	2.59	2.58	2.77	2.70	1.76	1.88	1.84
Quick Ratio	0.00	0.76	0.78	0.82	0.76	0.74	0.81	0.85	0.60	0.63	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	47	-1.99	-3.54	-6.60	-44	-1.86	-7.17	-0.96	-0.36	3.02	2.33
Operating Cash Flow to CapEx	1,151.52%	-252.76%	384.76%	-1,552.90%	0.00%	271.58%	-1,093.28%	174.44%	0.00%	3,894.44%	-684.65%
Free Cash Flow to Firm to Interest Expense	360.24	-16.35	-21.21	-40.02	-205.03	-9.47	-33.50	-3.72	-1.33	13.72	9.09
Operating Cash Flow to Interest Expense	14.62	-3.38	16.93	-25.98	-7.34	4.05	-13.69	0.61	-0.34	25.49	-6.10
Operating Cash Flow Less CapEx to Interest Expense	13.35	-4.71	12.53	-27.65	-7.15	2.56	-14.94	0.26	0.93	24.84	-6.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.93	1.91	1.90	1.76	1.74	1.62	1.56	1.54	1.64	1.62
Accounts Receivable Turnover	0.00	7.90	8.59	7.86	8.17	7.50	7.62	6.65	6.59	7.43	7.27
Inventory Turnover	0.00	5.27	5.22	5.26	5.14	5.15	4.85	4.97	4.95	4.74	4.59
Fixed Asset Turnover	0.00	21.57	21.88	22.03	23.24	20.11	20.64	20.55	20.92	20.70	22.87
Accounts Payable Turnover	0.00	7.57	8.17	8.22	9.33	8.10	8.42	8.36	8.41	8.23	8.27
Days Sales Outstanding (DSO)	0.00	46.18	42.47	46.42	44.65	48.65	47.91	54.92	55.36	49.14	50.19
Days Inventory Outstanding (DIO)	0.00	69.24	69.93	69.43	70.98	70.93	75.19	73.37	73.71	76.98	79.45
Days Payable Outstanding (DPO)	0.00	48.23	44.68	44.42	39.14	45.06	43.33	43.68	43.39	44.35	44.14
Cash Conversion Cycle (CCC)	0.00	67.19	67.73	71.42	76.49	74.51	79.77	84.61	85.68	81.77	85.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	41	38	43	44	42	44	44	44	40	42
Invested Capital Turnover	0.00	3.72	3.86	3.48	6.17	3.11	2.93	2.70	2.65	2.90	2.83
Increase / (Decrease) in Invested Capital	-45	6.55	4.44	6.91	44	1.00	6.04	1.43	0.16	-1.83	-2.29
Enterprise Value (EV)	0.00	31	39	45	41	36	38	36	36	26	42
Market Capitalization	25	26	37	38	32	28	26	25	25	21	34
Book Value per Share	$0.00	$12.82	$13.05	$13.02	$12.83	$12.24	$11.82	$12.00	$11.88	$12.31	$12.37
Tangible Book Value per Share	$0.00	$12.73	$12.97	$12.95	$12.77	$12.18	$11.76	$11.94	$11.83	$12.25	$12.31
Total Capital	0.00	42	42	44	45	43	45	45	45	42	44
Total Debt	0.00	7.06	6.17	8.31	9.51	8.63	13	12	12	7.00	9.66
Total Long-Term Debt	0.00	6.02	6.17	8.31	9.51	8.63	12	12	0.00	0.00	1.74
Net Debt	0.00	5.38	2.14	6.77	8.27	7.72	11	11	11	5.35	7.45
Capital Expenditures (CapEx)	0.17	0.16	0.74	0.28	-0.04	0.29	0.27	0.09	-0.35	0.14	0.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	32	29	34	36	33	36	36	36	32	33
Debt-free Net Working Capital (DFNWC)	0.00	33	33	36	37	34	37	37	38	33	36
Net Working Capital (NWC)	0.00	32	33	36	37	34	37	37	26	26	28
Net Nonoperating Expense (NNE)	0.16	0.21	0.13	0.14	0.41	0.62	0.19	0.17	-0.06	0.29	0.07
Net Nonoperating Obligations (NNO)	0.00	5.38	2.14	6.77	8.27	7.72	11	11	11	5.35	7.19
Total Depreciation and Amortization (D&A)	0.51	0.35	0.48	0.52	0.43	0.25	0.35	0.34	0.31	0.28	0.30
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	22.66%	21.18%	24.96%	26.35%	25.73%	29.81%	30.66%	31.16%	26.74%	27.41%
Debt-free Net Working Capital to Revenue	0.00%	23.86%	24.08%	26.08%	27.26%	26.45%	30.77%	31.22%	32.25%	28.14%	29.23%
Net Working Capital to Revenue	0.00%	23.12%	24.08%	26.08%	27.26%	26.45%	30.30%	31.22%	21.94%	22.22%	22.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.61	$0.28	$0.06	($0.27)	($0.54)	($0.48)	$0.12	($0.05)	$0.32	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	0.00	2.72M	2.74M	2.76M	2.76M	2.76M	2.76M	2.77M	2.79M	2.78M	2.79M
Adjusted Diluted Earnings per Share	$0.00	$1.51	$0.26	$0.05	($0.27)	($0.51)	($0.48)	$0.12	($0.05)	$0.32	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	2.89M	2.91M	2.94M	2.76M	2.76M	2.76M	2.95M	2.79M	2.78M	2.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	2.74M	2.76M	2.76M	2.76M	2.76M	2.76M	2.79M	2.79M	2.79M	2.79M
Normalized Net Operating Profit after Tax (NOPAT)	0.79	1.87	0.89	0.38	-0.20	-0.65	-0.94	0.48	0.66	0.63	0.03
Normalized NOPAT Margin	2.36%	5.20%	2.61%	1.13%	-0.65%	-2.26%	-3.51%	1.56%	2.17%	2.08%	0.11%
Pre Tax Income Margin	2.98%	7.09%	2.89%	0.53%	-2.17%	-4.97%	-6.79%	1.58%	2.20%	2.25%	-0.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.65	21.94	6.92	2.08	-2.16	-6.26	-7.54	2.89	3.46	4.10	0.18
NOPAT to Interest Expense	10.50	37.38	5.36	1.83	-1.51	-4.38	-5.28	1.86	-0.75	5.39	0.13
EBIT Less CapEx to Interest Expense	7.38	20.61	2.52	0.41	-1.98	-7.75	-8.79	2.54	4.73	3.44	-0.71
NOPAT Less CapEx to Interest Expense	9.23	36.04	0.95	0.16	-1.33	-5.87	-6.53	1.51	0.51	4.74	-0.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Nortech Systems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Nortech Systems' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Nortech Systems' net income appears to be on an upward trend, with a most recent value of -$252 thousand in 2025, falling from -$571.42 thousand in 2015. The previous period was -$1.30 million in 2024. Check out Nortech Systems' forecast to explore projected trends and price targets.

Nortech Systems' total operating income in 2025 was $975 thousand, based on the following breakdown:

Total Gross Profit: $18.01 million
Total Operating Expenses: $17.03 million

Over the last 10 years, Nortech Systems' total revenue changed from $115.19 million in 2015 to $118.37 million in 2025, a change of 2.8%.

Nortech Systems' total liabilities were at $37.37 million at the end of 2025, a 2.8% decrease from 2024, and a 9.0% increase since 2015.

In the past 10 years, Nortech Systems' cash and equivalents has ranged from $887.00 in 2015 to $1.66 million in 2025, and is currently $1.66 million as of their latest financial filing in 2025.

Over the last 10 years, Nortech Systems' book value per share changed from 8.02 in 2015 to 12.31 in 2025, a change of 53.5%.

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Financial statements for NASDAQ:NSYS last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Nortech Systems (NSYS) Financials

Financials Breakdown Chart

Nortech Systems Financials - Frequently Asked Questions

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Nortech Systems (NSYS) Financials

Annual Income Statements for Nortech Systems

Quarterly Income Statements for Nortech Systems

Annual Cash Flow Statements for Nortech Systems

Quarterly Cash Flow Statements for Nortech Systems

Annual Balance Sheets for Nortech Systems

Quarterly Balance Sheets for Nortech Systems

Annual Metrics And Ratios for Nortech Systems

Quarterly Metrics And Ratios for Nortech Systems

Financials Breakdown Chart

Nortech Systems Financials - Frequently Asked Questions

When does Nortech Systems' fiscal year end?

How has Nortech Systems' net income changed over the last 10 years?

What is Nortech Systems' operating income?

How has Nortech Systems' revenue changed over the last 10 years?

How much debt does Nortech Systems have?

How much cash does Nortech Systems have?

How has Nortech Systems' book value per share changed over the last 10 years?

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