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Nortech Systems Inc (NSYS) stock

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NASDAQ: NSYS Nasdaq Electronic Manufacturing Services Next results ~November 12, 2026

C Fundamentals grade

Nortech Systems Inc is a US-listed company in the electronic manufacturing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

Nortech Systems Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds12 adding, 1 cuttingOf 2 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nortech Systems files

Where Nortech Systems stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $125m, up 6.0% on a year earlier, faster than the 0.8% growth a quarter earlier. Free-cash-flow margin rose to 2.0% from -3.6% a year earlier. Operating margin widened to 2.0% from -2.2%. The diluted share count is up 2.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 5 of our 7 financial-health checks.

Our model value for Nortech Systems is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 12, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Nortech Systems Inc's trailing-twelve-month revenue grew 6.0% year on year, with a free-cash-flow margin of 2.0%. Where it stands out: long-term debt as % of assets of 2.6% ranks 1 of 9 electronic manufacturing services companies we cover. Where it lags: change in share count of 2.6% ranks 12 of 12 electronic manufacturing services companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 6.0% (+5.2pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 5.2 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 4.2 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 2.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 67% and a beta of 0.7 against the S&P 500.
  • Below peers: operating margin. Operating margin of 2.0% ranks 11 of 12 electronic manufacturing services companies we cover (median 4.7%).
  • Below peers: net margin. Net margin of 0.8% ranks 11 of 12 electronic manufacturing services companies we cover (median 3.4%).

Latest results: FY2026 Q2

Filed August 12, 2026
Revenue
$34m, up 9.3% on a year earlier
Share reaction
-14.3% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500

Nortech Systems' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.3%
  • 1 week+5.2%
  • 1 month-4.6%
  • This year+48.7%
  • 1 year+18.7%
  • 5 years+10.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$125M
Operating margin
2.0%
Net margin
0.8%
EPS (TTM, diluted)
$0.37

Growth

Revenue growth
+6.0%
Change in growth rate
+5.2 pts
Share count change
+2.6%

Cash

Free cash flow (TTM)
$2.5M
FCF margin
2.0%
Stock pay % of revenue
0.5%

Earnings

Last results
August 12, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nortech Systems Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Nortech Systems Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.02 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$6.3 ~$8.3–$11 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$19 ~$13–$29 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$19 ~$16–$22 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$14 ~$11–$18 Included
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nortech Systems Inc with Electronic Manufacturing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$3.88$3.89$3.86$3.55$4.87$7.17$10.35$12.25$9.42$10.29$7.43$11.05
Market value$11m$11m$11m$10m$13m$19m$29m$35m$27m$28m$21m$31m
+ Net debt (− = net cash)$9m$9m$9m$10m$10m$7m$8m$6m$5m$8m$17m$9m
Enterprise value$20m$19m$20m$19m$23m$26m$38m$41m$32m$36m$38m$39m
Multiples
Price / sales 0.1x0.1x0.1x0.1x0.1x0.2x0.3x0.3x0.2x0.2x0.2x0.2x
Price / earnings —n/m—57.7x——4.1x17.6x4.0x——29.9x
Price / free cash flow 6.3x6.8x—9.2x46.7x21.7x—11.7x56.1x—9.9x12.6x
EV / EBITDA 11.4x7.1x21.4x6.1x10.8x18.7x9.3x7.3x4.1x25.0x16.7x10.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

23 /100

Weak moat

How hard Nortech Systems's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.7% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 12.1%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 1.2%; its worst year was -2.8%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median 0.1% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.1% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (28 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Nortech Systems Inc: too few analysts cover it.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
0.18
at average volume
Short interest, 1 month
−59%
to October 15, 2026
Held by institutions
8%
of shares
Held by insiders
64.0%
of shares
Employees
685
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.7%

$9.31 on October 31, 2025 to $11.05

ThenNowEffect
Revenue (last 12 months) $118m $125m +6.0%
P/S multiple 0.2x 0.2x +14.9%
Share count 3m 3m −2.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +32.8%

$8.32 on November 3, 2023 to $11.05

ThenNowEffect
Revenue (last 12 months) $141m $125m −11.5%
Net margin 1.8% 0.8% −52.7%
P/E multiple 9.8x 29.9x +206.2%
Share count 3m 3m +3.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NSYS+44%+18%−23%+9%−28%+49%
Industry peers (median)+33%+1%+13%+14%+56%−5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NSYS58%50%50%50%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NSYS−35%−46%−53%−46%−38%−43%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 63% from July 12, 2022 to December 1, 2025. Getting back needed a 170% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$6.80 – $17.66
From 52-week high
−37.4%
vs 50-day average
−1.1%
vs 200-day average
−10.2%
Volatility (1 year)
67%
Beta vs S&P 500
0.71

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±12.3%
After a week
5 up, 7 down
typical move ±15.8%
After a month
7 up, 5 down
typical move ±18.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −14.3% +0.9% −19.0% −24.8%
May 13, 2026 −10.4% +1.4% −8.9% +21.8%
March 26, 2026 +18.3% −3.5% +29.2% +42.5%
November 13, 2025 −20.4% −1.7% −26.1% −24.1%
August 7, 2025 +7.0% +0.7% +11.2% +18.9%
May 14, 2025 −4.4% +0.6% +4.4% +1.7%
March 31, 2025 −8.1% +1.0% −16.9% −6.0%
November 7, 2024 −15.7% +1.2% −17.5% −1.3%
August 8, 2024 −9.8% +2.8% −16.0% −13.5%
May 16, 2024 −0.9% −0.1% −1.4% +6.7%
March 20, 2024 +26.2% +1.3% +24.4% +54.8%
November 8, 2023 +12.3% −0.7% +14.6% +10.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Nortech Systems Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nortech Systems Inc
$110M $120M $130M $140M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $138.9M Revenue (TTM), FY23 Q4: $139.3M Revenue (TTM), FY24 Q1: $138.7M Revenue (TTM), FY24 Q2: $137.5M Revenue (TTM), FY24 Q3: $135.6M Revenue (TTM), FY24 Q4: $128.1M Revenue (TTM), FY25 Q1: $120.8M Revenue (TTM), FY25 Q2: $117.6M Revenue (TTM), FY25 Q3: $116.7M Revenue (TTM), FY25 Q4: $118.4M Revenue (TTM), FY26 Q1: $121.8M Revenue (TTM), FY26 Q2: $124.7M $124.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $138.9M
FY23 Q4 $139.3M
FY24 Q1 $138.7M
FY24 Q2 $137.5M
FY24 Q3 $135.6M
FY24 Q4 $128.1M
FY25 Q1 $120.8M
FY25 Q2 $117.6M
FY25 Q3 $116.7M
FY25 Q4 $118.4M
FY26 Q1 $121.8M
FY26 Q2 $124.7M
Revenue growth, TTM YoY Nortech Systems Inc
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 5.3% Revenue growth, TTM YoY, FY23 Q4: 3.9% Revenue growth, TTM YoY, FY24 Q1: 0.3% Revenue growth, TTM YoY, FY24 Q2: -2.3% Revenue growth, TTM YoY, FY24 Q3: -2.4% Revenue growth, TTM YoY, FY24 Q4: -8.0% Revenue growth, TTM YoY, FY25 Q1: -12.9% Revenue growth, TTM YoY, FY25 Q2: -14.5% Revenue growth, TTM YoY, FY25 Q3: -13.9% Revenue growth, TTM YoY, FY25 Q4: -7.6% Revenue growth, TTM YoY, FY26 Q1: 0.8% Revenue growth, TTM YoY, FY26 Q2: 6.0% 6.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 5.3%
FY23 Q4 3.9%
FY24 Q1 0.3%
FY24 Q2 -2.3%
FY24 Q3 -2.4%
FY24 Q4 -8.0%
FY25 Q1 -12.9%
FY25 Q2 -14.5%
FY25 Q3 -13.9%
FY25 Q4 -7.6%
FY26 Q1 0.8%
FY26 Q2 6.0%
Operating margin (TTM) Nortech Systems Inc
-4% -2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 2.9% Operating margin (TTM), FY23 Q4: 4.3% Operating margin (TTM), FY24 Q1: 4.4% Operating margin (TTM), FY24 Q2: 3.9% Operating margin (TTM), FY24 Q3: 2.7% Operating margin (TTM), FY24 Q4: -0.2% Operating margin (TTM), FY25 Q1: -2.5% Operating margin (TTM), FY25 Q2: -2.2% Operating margin (TTM), FY25 Q3: -1.0% Operating margin (TTM), FY25 Q4: 0.8% Operating margin (TTM), FY26 Q1: 2.2% Operating margin (TTM), FY26 Q2: 2.0% 2.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 2.9%
FY23 Q4 4.3%
FY24 Q1 4.4%
FY24 Q2 3.9%
FY24 Q3 2.7%
FY24 Q4 -0.2%
FY25 Q1 -2.5%
FY25 Q2 -2.2%
FY25 Q3 -1.0%
FY25 Q4 0.8%
FY26 Q1 2.2%
FY26 Q2 2.0%
FCF margin (TTM) Nortech Systems Inc
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 3.4% FCF margin (TTM), FY23 Q4: 0.3% FCF margin (TTM), FY24 Q1: 1.0% FCF margin (TTM), FY24 Q2: -1.0% FCF margin (TTM), FY24 Q3: -3.4% FCF margin (TTM), FY24 Q4: -2.7% FCF margin (TTM), FY25 Q1: -7.3% FCF margin (TTM), FY25 Q2: -3.6% FCF margin (TTM), FY25 Q3: -2.5% FCF margin (TTM), FY25 Q4: 1.8% FCF margin (TTM), FY26 Q1: 2.9% FCF margin (TTM), FY26 Q2: 2.0% 2.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 3.4%
FY23 Q4 0.3%
FY24 Q1 1.0%
FY24 Q2 -1.0%
FY24 Q3 -3.4%
FY24 Q4 -2.7%
FY25 Q1 -7.3%
FY25 Q2 -3.6%
FY25 Q3 -2.5%
FY25 Q4 1.8%
FY26 Q1 2.9%
FY26 Q2 2.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 100 114 107 111 112 115 117 112 113 116 104 115 134 139 128 118 125
Gross profit 11 13 12 13 13 12 14 12 13 13 10 16 20 23 17 18 20
EBITDA 3 3 3 3 3 2 3 1 3 2 1 4 6 8 1 2 4
Operating income 1 2 1 1 1 −0 1 −1 1 0 −1 2 4 6 −0 1 3
Net income 1 1 1 1 1 −1 0 −2 0 −1 −2 7 2 7 −1 −0 1
Diluted EPS $0.18 $0.43 $0.23 $0.29 $0.32 −$0.21 $0.02 −$0.89 $0.06 −$0.46 −$0.58 $2.54 $0.70 $2.38 −$0.47 −$0.09 $0.37
Growth (year on year)
Revenue — +14.4% −6.4% +3.9% +0.9% +2.8% +1.2% −3.7% +0.9% +2.6% −10.5% +10.6% +16.5% +3.9% −8.0% −7.6% +6.0%
EBITDA — +22.4% −3.0% +4.6% −3.1% −48.1% — −66.4% — −31.2% — — +39.8% +38.7% −81.5% — —
Operating income — — — — — — — — — — — — — +53.1% −103.3% — —
Net income — — — — — — — — — — — — −71.9% — −118.8% — —
Diluted EPS — — — — — — — — — — — — −72.4% — −119.7% — —
Margins
Gross margin 11.5% 11.7% 11.6% 11.8% 11.9% 10.5% 11.9% 10.8% 11.7% 10.8% 9.3% 13.8% 15.3% 16.6% 13.1% 15.2% 16.4%
EBITDA margin 2.8% 3.0% 3.1% 3.1% 3.0% 1.5% 2.3% 0.8% 2.8% 1.8% 1.3% 3.5% 4.2% 5.6% 1.1% 1.9% 3.0%
Operating margin 1.2% 1.3% 1.4% 1.3% 1.2% −0.4% 0.5% −1.1% 1.1% 0.2% −0.6% 2.0% 2.9% 4.3% −0.2% 0.8% 2.0%
Net margin 0.5% 1.0% 0.6% 0.7% 0.8% −0.5% 0.0% −2.2% 0.1% −1.1% −1.5% 6.2% 1.5% 4.9% −1.0% −0.2% 0.8%
Free-cash-flow margin 2.3% −1.9% 0.2% 1.3% −0.5% 1.5% 1.4% −0.0% 0.9% 0.2% 0.8% −5.1% 2.3% 0.3% −2.7% 1.8% 2.0%
Cash flow
Cash from operations 3 −1 5 0 2 3 4 1 2 1 1 −5 5 2 −2 3 3
Capital spending 1 1 4 −1 2 2 2 1 1 1 0 1 2 1 1 1 1
Free cash flow 2 −2 0 1 −1 2 2 −0 1 0 1 −6 3 0 −4 2 2
Stock-based pay 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1
Free cash flow after stock pay 2 −2 0 1 −1 2 2 −0 1 0 1 −6 3 0 −4 2 2
Balance sheet
Cash 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 2 1
Total debt 8 11 11 12 9 9 9 10 10 11 7 9 7 6 9 19 10
Net debt (negative = net cash) 8 11 11 12 9 9 9 9 10 10 7 8 6 5 8 17 9
Diluted shares 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m 3m
Returned to shareholders
Buybacks — — — — — — — 0 0 0 — — — — — — —
Total returned — — — — — — — 0 0 0 — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $80m
Short-term assets $64mLonger-term assets $16m
What it owes, and who funded it · $80m
Short-term liabilities $36mLonger-term liabilities $9mShareholders' equity $35m
  • Short-term assets cover short-term liabilities $64m of assets due within a year against $36m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $64m short-term assets against $9m of longer-dated liabilities.
  • More cash than debt $1m of cash against $2m of debt.
  • Debt below 40% of shareholders' equity Debt is 6% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 15% to 6% over five years.
  • A year's operating cash flow covers at least 20% of debt $3m of operating cash flow against $2m of debt.
  • Operating profit covers interest at least five times over Operating income of $3m against $946,000 of interest.

From Nortech Systems Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.6%
year over year
R&D spending
1.0%
of revenue
Days sales outstanding
58 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic manufacturing services
Last 12 months unless stated NSYS DSWL KTCC KE BHE PLXS Median
Revenue, last 12 months $125m $61m $387m $1.4bn $2.9bn $4.0bn $4.3bn
Revenue growth, last 12 months 6.0% −9.3% −17.4% −3.7% 12.9% 1.8% 14.7%
Revenue growth, 3-year average −4.0% 14.4% −13.9% −7.8% 0.6% −3.0% 1.2%
Revenue growth, latest quarter 9.3% — −7.7% −2.3% 19.1% 28.1% 24.8%
Gross margin 16.4% 22.4% 6.2% 8.2% 10.4% 11.4% 10.9%
Operating margin 2.0% 3.2% −3.8% 4.6% 3.5% 5.7% 4.7%
Operating margin, 3-year average 1.2% 3.1% −0.8% 3.5% 3.6% 9.5% 4.4%
Net margin 0.8% 17.3% −12.4% 2.0% 1.9% 4.6% 3.1%
Cash from operations / revenue 2.5% 8.5% 1.1% 5.0% 5.8% 4.2% 5.5%
Free-cash-flow margin 2.0% 7.7% −0.5% 1.4% 3.8% 1.5% 2.8%
Free-cash-flow margin, 3-year average −0.8% 4.1% 1.5% 4.4% 5.2% 10.1% 4.1%
Stock pay / revenue 0.5% 0.0% 0.1% 0.6% 0.8% 1.1% 0.5%
Change in share count 2.6% −0.2% 0.7% −1.0% −0.9% −1.3% −0.8%

Median of all 12 companies we cover in electronic manufacturing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 electronic manufacturing services companies
Measure Company Peer median Rank
Revenue growth Growth 6.0% 16.5% 8 of 12
Change in growth rate Growth +5.2pp +4.0pp 5 of 12
Gross margin Profitability 16.4% 11.4% 3 of 12
Operating margin Profitability 2.0% 4.7% 11 of 12
Net margin Profitability 0.8% 3.4% 11 of 12
Free-cash-flow margin Cash generation 2.0% 3.0% 8 of 12
Stock pay as % of revenue Cash generation 0.5% 0.6% 4 of 11
Long-term debt as % of assets Balance sheet 2.6% 10.6% 1 of 9
Change in share count Balance sheet 2.6% -0.7% 12 of 12
Days sales outstanding Balance sheet 58 days 68 days 2 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Medical Imaging $40M 33.8% ▲ 6.7%
Medical Device $31.9M 27.0% ▼ 7.8%
Industrial $30.9M 26.1% ▼ 12.9%
Aerospace and Defense $15.5M 13.1% ▼ 24.4%

From Nortech Systems Inc's 10-K filed March 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.5M
Institutions reporting
15
Shares held vs prior quarter
▲ 148.0%
Positions opened / closed
8 / 0

Top buyers and sellers, Q2 2026: 12 institutions bought and 1 sold ; the biggest buyer was Wells Fargo & Company (+76K shares) and the biggest seller Vanguard Capital Management LLC (−1,641). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Wells Fargo & Company $1.2M 76K 34.3% New
Renaissance Technologies LLC $990,316 63K 28.2% ▲ 42.3%
Vanguard Capital Management LLC $412,603 26K 11.8% ▼ 5.9%
Chevy Chase Trust Holdings, LLC $250,462 16K 7.1% 0.0%
Pathstone Holdings, LLC $189,840 12K 5.4% New
Dimensional Fund Advisors LP $167,009 11K 4.8% New
Morgan Stanley $134,470 9K 3.8% New
Vanguard Fiduciary Trust Co $81,917 5K 2.3% ▲ 241.0%
Blackrock, Inc. $70,494 4K 2.0% New
Larson Financial Group LLC $3,813 0K 0.1% 0.0%
Newedge Advisors, LLC $2,469 0K 0.1% New
UBS Group AG $1,661 0K 0.0% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nortech Systems Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 13, 2026
  • March 26, 2026
  • November 13, 2025
  • August 7, 2025
  • May 14, 2025

Recent SEC filings

Data status

When each part of this page on Nortech Systems Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nortech Systems Inc in brief

What does Nortech Systems Inc do?
Nortech Systems Inc is a US-listed company in the electronic manufacturing services industry. Its financial year ends in December.
What is Nortech Systems Inc's stock ticker?
Nortech Systems Inc trades under the ticker NSYS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nortech Systems Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nortech Systems Inc reported revenue of $125M, 6.0% higher than a year earlier, according to its SEC filings.
What is Nortech Systems Inc's free cash flow?
Nortech Systems Inc's free-cash-flow margin is 2.0% of revenue over the trailing twelve months, ranking 8 of the 12 electronic manufacturing services companies we cover.
Who are Nortech Systems Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Wells Fargo & Company, Renaissance Technologies LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Nortech Systems Inc's market cap?
On November 2, 2026, Nortech Systems Inc's market capitalisation was about $30.9M, with a price-to-earnings ratio of 29.9 and net debt of $8.6M. Market figures come from third-party market data and may be delayed.
How much debt does Nortech Systems Inc have?
Nortech Systems Inc's debt-to-equity ratio is 5.9%, from its latest balance sheet (14.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Nortech Systems Inc's competitors?
In our Electronic Manufacturing Services peer group, the companies closest to Nortech Systems Inc are Deswell Industries Inc, KEY Tronic Corp, Kimball Electronics, Inc., Benchmark Electronics Inc and Plexus Corp. The side-by-side comparison below sets their revenue, margins and growth against Nortech Systems Inc's.
When is Nortech Systems Inc's next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nortech Systems Inc announces its own schedule.