Nortech Systems Incorporated (NSYS) vs QT Imaging Holdings, Inc. (QTI)

Nortech Systems Incorporated and QT Imaging Holdings, Inc. are both Medical Devices companies. QT Imaging Holdings, Inc. is the larger, with a market value of $37.0M against $32.1M — 1.2× the size. QT Imaging Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Nortech Systems Incorporated trades at 30.5×. QT Imaging Holdings, Inc. grew revenue faster over the last twelve months: 220.0% against 6.00%. Nortech Systems Incorporated has the higher net margin (0.83% vs −77.3%) and the higher return on invested capital (4.32% vs −62.5%). Across the 17 metrics below, Nortech Systems Incorporated leads on 14 and QT Imaging Holdings, Inc. on 3.

Valuation

Metric NSYS QTI Medical Devices median
P/E 30.49 n/m 22.18
P/S 0.25 1.41 2.70
P/B 0.90 16.64 2.46
Price to free cash flow 11.07 n/m 22.53
EV/EBITDA 8.70 n/m 11.78
EV/Sales 0.26 1.58 2.38
Earnings yield 3.28% (62.30%) (8.22%)
Free cash flow yield 9.04% (34.09%) (7.80%)

Profitability

Metric NSYS QTI Medical Devices median
Gross margin 16.44% 40.39% 56.01%
Operating margin 2.02% (24.84%) (15.03%)
Net margin 0.83% (77.26%) (20.40%)
Free cash flow margin 2.36% (48.19%) (7.24%)
Return on equity 3.02% (2,125.31%) (15.32%)
Return on assets 1.33% (96.64%) (19.72%)
Return on invested capital 4.32% (62.51%) (10.33%)

Growth

Metric NSYS QTI Medical Devices median
Revenue growth (TTM) 6.00% 220.02% 8.80%
EPS growth (last fiscal year) 80.85% 5.64% —
Revenue growth, 5-year CAGR 2.60% — 15.23%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric NSYS QTI Medical Devices median
Debt to equity 0.07 6.81 0.07
Current ratio 1.78 3.10 2.50
Net debt to EBITDA (0.45) 1.36 0.49

Dividend

Metric NSYS QTI Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric NSYS QTI Medical Devices median
Market cap 32.05m 37.03m 172.91m

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