Saturday 17 October 2026 Export NSYS’s income statement to Excel — free account

Nortech Systems Incorporated

In the quarter to June 2026, revenue grew 9.34%, EPS fell 8.33%, free cash flow fell 1,567.2% and total debt fell 79.0%, each against the same quarter a year earlier.

10.32 0.19 −1.81%

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Market cap: $29.5M
P/E: 27.9×
Fwd P/E: 17.5×
Dividend yield: —
F-score: 5/9
Altman Z: 2.79
Beneish M: −2.62
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 61.50%

Capital & Financial Ratios $m

Market Cap 29.45

Revenue 124.65

Net Income 1.03

Free Cash Flow 2.95

Net Debt 0.93

Current Ratio 1.78

Debt/Equity 0.07

P/E ratio 27.89

Fwd P/E 17.50

P/S ratio 0.23

P/B ratio 0.82

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 16.35%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 63.18%

10-year low 10-year high

P/S against its own 10 years 75.44%

10-year low 10-year high

P/B against its own 10 years 59.14%

10-year low 10-year high

EV/Sales against its own 10 years 56.16%

10-year low 10-year high

EV/FCF against its own 10 years 42.44%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	1	2	2
Receivables	19	15	17	20
Inventory	22	22	21	25
Other	14	14	15	17
	59	55	56	64

	2023	2024	2025	Q'26
Payables	16	12	13	15
ST’ Debt	—	—	—	0
Other	4	5	5	7
	27	21	30	36

Compound Annual Growth %

	10y	5y	3y
Sales	0.27%	2.60%	(4.08%)
Cash Flow	(2.07%)	15.01%	(20.22%)
Earnings	0.00%	0.00%	0.00%
Book Value	4.49%	13.04%	7.15%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	30	34	—	—	—
’25	27	31	30	30	118
’24	34	34	31	29	128
’23	35	35	33	36	139
’22	31	33	35	36	134
’21	22	30	29	33	115
’20	27	26	26	24	104

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(1)	—	—	—
’25	(3)	0	0	6	3
’24	3	(4)	(2)	1	(2)
’23	2	(1)	2	0	2
’22	1	(3)	3	4	5
’21	(1)	(5)	3	(2)	(5)
’20	0	0	(1)	1	1

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	(1)	—	—	—
’25	(3)	0	0	5	3
’24	2	(5)	(2)	1	(4)
’23	1	(2)	2	(1)	0
’22	1	(4)	2	4	3
’21	(1)	(5)	3	(2)	(5)
’20	0	0	5	1	7

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.01)	0.11	—	—	—
’25	(0.48)	0.12	(0.05)	0.31	(0.09)
’24	0.26	0.05	(0.27)	(0.54)	(0.47)
’23	0.23	0.22	0.42	1.51	2.38
’22	0.05	0.25	0.53	(0.14)	0.70
’21	(0.58)	0.06	1.24	1.76	2.54
’20	0.05	(0.05)	0.73	(1.33)	(0.58)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1.69	3.13	2.77	2.65	2.52	5.45	9.31	7.45	9.13	6.50	Analyst estimates 2026–2028 Powerpack
	High	5.52	6.24	8.08	7.46	10.14	14.20	19.56	16.52	19.15	12.40
People
People	Employees	904	800	819	784	699	807	832	775	744	713
	Revenue/emp, $m	0.13	0.14	0.14	0.15	0.15	0.14	0.16	0.18	0.17	0.17
Income, $m
Income, $m	Revenue	117	112	113	116	104	115	134	139	128	118
	Gross margin, %	11.87	10.79	11.74	10.81	9.28	13.77	15.27	16.58	13.05	15.21
	EBT	0	(2)	0	(1)	(1)	8	3	5	(1)	0
	EBT margin, %	0.07	(1.84)	0.43	(0.70)	(1.19)	6.96	2.59	3.92	(0.73)	0.01
	Net income	0	(2)	0	(1)	(2)	7	2	7	(1)	0
	Depreciation	2	3	2	2	5	2	2	2	2	1
Per share, $
Per share, $	Revenue	42.45	40.91	42.11	43.65	39.17	43.22	49.95	51.19	46.51	42.62
	Earnings	0.02	(0.89)	0.06	(0.46)	(0.58)	2.68	0.75	2.53	(0.47)	(0.09)
	Cash flow	1.29	0.29	0.91	0.37	0.51	(1.70)	2.01	0.65	(0.82)	0.99
	Capex	(0.71)	(0.09)	(0.52)	(0.28)	2.07	(0.27)	(0.90)	(0.47)	(0.46)	(0.06)
	Free cash flow	0.58	0.20	0.39	0.09	2.58	(1.98)	1.11	0.18	(1.28)	0.93
	Book value	8.12	7.22	7.83	7.50	7.04	9.80	10.46	12.98	12.34	12.44
	Shares, m	3	3	3	3	3	3	3	3	3	3
Valuation, ×
Valuation, ×	P/E	377.00	0.00	50.71	0.00	0.00	3.86	15.83	4.04	0.00	0.00
	P/S	0.09	0.10	0.08	0.11	0.18	0.24	0.24	0.20	0.22	0.17
	P/B	0.47	0.55	0.46	0.66	1.03	1.07	1.15	0.79	0.84	0.60
	EV/Sales	0.20	0.22	0.20	0.24	0.26	0.32	0.29	0.24	0.29	0.18
	EV/FCF	15.09	45.74	22.04	115.46	3.94	(7.00)	12.95	83.58	(10.50)	8.40
Cash, $m
Cash, $m	Operating cash flow	4	1	2	1	1	(5)	5	2	(2)	3
	Capex	(2)	0	(1)	(1)	6	(1)	(2)	(1)	(1)	0
	Free cash flow	2	1	1	0	7	(5)	3	0	(4)	3
Balance, $m
Balance, $m	Working capital	19	20	21	21	22	29	28	32	34	26
	Total debt	14	15	15	15	12	10	7	6	9	1
	Net debt	14	14	14	15	8	8	5	4	8	(1)
	Shareholders’ equity	22	20	21	20	19	26	28	35	34	35
Returns, %
Returns, %	ROA	0.08	(4.55)	0.30	(2.02)	(2.60)	11.47	2.94	9.50	(1.76)	(0.35)
	ROIC	1.11	(2.32)	2.25	0.41	(1.44)	4.21	7.36	9.37	(0.29)	1.82
	ROE	0.20	(11.75)	0.82	(6.05)	(8.10)	32.28	7.49	21.85	(3.76)	(0.74)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NNOX Nano-X Imaging Ltd.	$38.6M	— (loss-making)	— (loss-making)	+36.71% (above 0%: growing)	n/m	−21.37% (below 0%: shrinking)	(1,050.87%)	(1,334.91%)	Compare
CVRX CVRx, Inc.	$37.0M	— (loss-making)	— (loss-making)	+15.57% (above 0%: growing)	n/m	−11.18% (below 0%: shrinking)	87.39%	(82.92%)	Compare
ELUT Elutia Inc.	$34.9M	0.6×	— (loss-making)	−11.65% (below 0%: shrinking)	n/m	−2.52% (below 0%: shrinking)	59.62%	(327.85%)	Compare
QTI QT Imaging Holdings, Inc.	$34.8M	— (loss-making)	— (loss-making)	+103.20% (above 0%: growing)	n/m	−236.31% (below 0%: shrinking)	41.16%	(25.07%)	Compare
NSYS Nortech Systems Incorporated	$29.5M	27.9×	17.5×	+9.34% (above 0%: growing)	−8.33% (below 0%: shrinking)	−1,567.16% (below 0%: shrinking)	17.00%	1.86%
ITOC iTonic Holdings Ltd.	$29.3M	—	—	—	—	—	—	—	Compare
PMI Flag Ship Acquisition Corp	$23.4M	0.5×	— (loss-making)	+38.62% (above 0%: growing)	n/m	+46.79% (above 0%: growing)	20.85%	(156.70%)	Compare
NSPR InspireMD, Inc.	$22.3M	— (loss-making)	— (loss-making)	−0.39% (below 0%: shrinking)	n/m	−26.00% (below 0%: shrinking)	(43.70%)	(815.64%)	Compare
ARAY Accuray Incorporated	$20.8M	— (loss-making)	— (loss-making)	−20.87% (below 0%: shrinking)	n/m	+117.83% (above 0%: growing)	35.22%	5.47%	Compare
Median of peers	$32.1M	—	—	+15.57%	—	−11.18%	35.22%	(156.70%)

All 149 Medical Devices stocks →

Nortech Systems Incorporated (NSYS) key facts

Nortech Systems Incorporated (NSYS) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
As of October 15, 2026, NSYS traded at $10.32, a market capitalization of $29.5 million.
Return on equity was −0.74% and debt-to-equity 0.07.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.79 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.