15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.6% per year over the past 5 years.
Free cash flow has grown 18.8% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-1.5% vs 2.6% per year).
Operating income covered interest expense 1.0× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$118M
-$252000
15.2%
0.8%
$2M
—
$2M
2024
$128M
-$1M
13.1%
-0.2%
-$4M
—
$916000
2023
$139M
$7M
16.6%
4.3%
$485000
—
$960000
2022
$134M
$2M
15.3%
2.9%
$3M
—
$1M
2021
$115M
$7M
13.8%
2.0%
-$6M
—
$643000
2020
$104M
-$2M
9.3%
-0.6%
$878000
$7M
$352000
2020
—
$413000
—
—
—
$9M
$345000
2019
$116M
-$1M
10.8%
0.2%
$278000
$4M
$351000
2018
$113M
$166000
11.7%
1.1%
$1M
$4M
$480000
2017
$112M
-$2M
10.8%
-1.1%
-$7000
$5M
$473000
2016
—
$43774
—
—
$2M
$6M
$268204
2015
—
-$571422
—
—
—
$8M
$887
2014
—
$880017
—
—
—
$5M
$66371
2013
—
$787376
—
—
—
$5M
$66371
2012
—
$629438
—
—
—
$1M
$0
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$30M
-$34000
15.5%
0.2%
-$2M
$2M
$2M
Dec '25
$30M
$897000
16.7%
3.0%
$5M
—
$2M
Sep '25
$30M
-$146000
16.5%
3.1%
-$242000
—
$1M
Jun '25
$31M
$313000
15.8%
2.4%
$58000
—
$652000
Mar '25
$27M
-$1M
11.4%
-6.0%
-$3M
—
$1M
Dec '24
$29M
-$1M
9.9%
-4.3%
$503000
—
$916000
Sep '24
$31M
-$739000
12.2%
-1.5%
-$2M
—
$1M
Jun '24
$34M
$157000
13.6%
1.0%
-$5M
—
$2M
Mar '24
$34M
$765000
15.9%
3.4%
$2M
—
$4M
Dec '23
$36M
$4M
18.9%
7.4%
-$575000
—
$960000
Sep '23
$33M
$1M
15.9%
3.4%
$2M
—
$699000
Jun '23
$35M
$634000
15.6%
3.1%
-$2M
—
$781000
Mar '23
$35M
$681000
15.7%
3.0%
$1M
—
$1M
Dec '22
$36M
-$381000
14.3%
2.1%
$4M
—
$1M
Sep '22
$35M
$2M
17.9%
5.5%
$2M
—
$1M
Jun '22
$33M
$719000
15.4%
3.2%
-$4M
—
$944000
Mar '22
$31M
$138000
13.2%
0.6%
$962000
—
$841000
Dec '21
$33M
$5M
8.0%
-2.6%
-$2M
—
$643000
Sep '21
$29M
$4M
27.3%
16.7%
$2M
—
$444000
Jun '21
$30M
$179000
11.9%
1.3%
-$5M
$7M
$661000
Valuation over time
How the market has priced NSYS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 14.8× (Mar '23) to 4.2× (Dec '24).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.4× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NSYS growing its revenue and profit?
Over the past 5 years, NORTECH SYSTEMS INC's revenue has grown 2.6% per year. These are computed facts, not advice.
How much debt does NSYS have?
As of FY2025, NORTECH SYSTEMS INC reported — of total debt against $2M of cash; operating income covered interest expense 1.0×.
What is NSYS's profit margin?
In FY2025, gross margin was 15.2%, operating margin 0.8%, and net margin -0.2%.
What is NSYS's P/E ratio?
As of Jun '26, NORTECH SYSTEMS INC traded at a price-to-earnings ratio of about 4.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.