NSYSNasdaqElectronic Components, NECFiscal year ends December 31
NORTECH SYSTEMS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$10.03−0.29 (-2.79%)
Close on Oct 19, 2026
- Market cap
- $30.09M
- P/E (TTM)
- 27.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
147.4%+138.1 pts over 5 years
Operating margin
8.0%+8.6 pts over 5 years
Net margin
-2.1%−0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -90.5% | -55.0% | -34.9% | -20.1% | |
| Gross profit | +7.7% | -4.2% | +13.3% | +4.1% | |
| Operating income | – | -36.9% | – | – | |
| Free cash flow | – | -11.8% | +18.8% | +2.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.2% | -8.0% | -0.7% | |
| Return on assets | 0.1% | -2.6% | -0.3% | |
| Current ratio | 1.94 | 2.10 | 1.88 | |
| Debt to equity | 0.29 | 0.38 | – | |
| Interest coverage | 1.1× | -1.0× | 1.0× | |
| Inventory turnover | 5.0× | 6.7× | -0.3× | |
| Capex to revenue | 1.7% | 0.5% | 5.4% | |
| Diluted shares | 3M | 3M | 3M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nortech Systems generated $16.70M from operations and spent $6.88M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$16.70M
Used
$6.88M
Capital expenditure$6.88M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.1%
×Asset turnover0.17×
×Equity multiplier2.11×
=Return on equity, FY2025-0.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.1% | 0.17× | 2.11× | -0.7% |
| FY2024 | -1.0% | 1.74× | 2.13× | -3.7% |
| FY2023 | 51.2% | 0.19× | 2.28× | 21.7% |
| FY2022 | 1.5% | 1.96× | 2.52× | 7.4% |
| FY2021 | 6.2% | 1.85× | 2.78× | 31.9% |
| FY2020 | -1.5% | 1.75× | 3.08× | -8.0% |
| FY2019 | -1.1% | 1.92× | 2.96× | -6.0% |
| FY2018 | 0.1% | 2.02× | 2.74× | 0.8% |
| FY2017 | -2.2% | 2.09× | 2.55× | -11.6% |
| FY2016 | 0.0% | 2.08× | 2.51× | 0.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$252.00K
- Cash generatingOperating cash flow above zero$2.74M
- Return on assets improvedROA up on the prior year-1.7% → -0.3%
- Earnings backed by cashOperating cash flow above net income$2.74M vs -$252.00K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.58 → 1.88
- No dilutionShare count did not rise3M → 3M
- Gross margin improvedGross margin up on the prior year13.05% → 147.36%
- More efficientAsset turnover rose1.71 → 0.17