Nortech Systems Incorporated

NSYS

$11.45

+1.01%

2026-09-04 09:48:52 EDT+$0.12

Healthcare

Medical - Devices

NASDAQ

Active Trading

Nortech Systems Incorporated, founded in 1990 and headquartered in Maple Grove, Minnesota, specializes in delivering comprehensive design and manufacturing solutions. The company ...

Financial Highlights of NSYS

Profitability trend

Latest / TTM · 6 periods

Gross Margin

16.4%

Net Margin

0.8%

P/E Ratio

30.82x

n/a

Debt / Equity

0.50

n/a

Current Ratio

1.78

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

16.4%

Net Margin

0.8%

P/E Ratio

30.82x

Debt / Equity

0.50

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	13.8%	15.3%	16.6%	13.1%	15.2%	—
Operating MarginOperating income as a percentage of revenue.	2.0%	2.9%	4.3%	-0.2%	1.0%	—
Net MarginNet income as a percentage of revenue.	6.2%	1.5%	4.9%	-1.0%	-0.2%	—
EBITDA MarginEBITDA divided by revenue.	9.0%	4.3%	5.7%	1.2%	1.9%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	7.0%	2.6%	3.9%	-0.7%	0.0%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	2.32	2.08	2.21	2.58	1.88	—
Quick RatioLiquid assets divided by current liabilities.	1.45	1.23	1.40	1.57	1.19	—
Cash RatioCash and equivalents divided by current liabilities.	0.03	0.04	0.04	0.04	0.06	—
Debt / AssetsDebt as a share of total assets.	30.1%	23.7%	18.9%	24.9%	21.8%	—
Debt / EquityDebt compared with shareholder equity.	0.77	0.59	0.40	0.53	0.45	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	4.05x	4.69x	4.13x	4.47x	3.68x	—
Inventory TurnoverHow often inventory is sold in a year.	5.11x	5.06x	5.37x	5.15x	4.85x	—
Payables TurnoverHow often payables are paid in a year.	7.81x	7.68x	7.30x	9.62x	7.84x	—
Asset TurnoverRevenue generated per dollar of assets.	1.72x	1.93x	1.85x	1.77x	1.65x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	4.52x	4.63x	4.59x	3.88x	3.93x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	3.86x	16.33x	3.72x	-21.89x	-81.83x	—
P/B RatioPrice paid for each dollar of book value.	1.06x	1.17x	0.73x	0.83x	0.60x	—
P/S RatioPrice paid for each dollar of sales.	0.24x	0.25x	0.18x	0.22x	0.17x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	-4.73x	11.11x	52.87x	-8.06x	9.91x	—
Dividend YieldAnnual dividend divided by current share price.	0.0%	0.0%	0.0%	0.0%	0.0%	—

Supply Chain of NSYS

RELATIONS

Upstream

Arrow Electronics, Inc.NYSE:ARW Avnet, Inc.NASDAQ:AVT TE Connectivity Ltd.NYSE:TEL Amphenol CorporationNYSE:APHMolex, LLC

Downstream

Customer A (Undisclosed Major OEM)Lockheed Martin CorporationNYSE:LMT The Boeing CompanyNYSE:BA RTX Corporation (formerly Raytheon Technologies)NYSE:RTX L3Harris Technologies, Inc.NYSE:LHXDaitron Co., Ltd.TSE:7609Aegis Electronic Group, Inc.

Proxies

Kimball Electronics, Inc.NASDAQ:KE Benchmark Electronics, Inc.NYSE:BHE Plexus Corp.NASDAQ:PLXS SMTC CorporationNASDAQ:SMTX

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