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Side-by-side financial comparison of American Express (AXP) and NORTECH SYSTEMS INC (NSYS). Click either name above to swap in a different company.

NORTECH SYSTEMS INC is the larger business by last-quarter revenue ($30.3M vs $18.9M, roughly 1.6× American Express). American Express runs the higher net margin — 15.7% vs 3.0%, a 12.8% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs 5.9%). Over the past eight quarters, NORTECH SYSTEMS INC's revenue compounded faster (-5.9% CAGR vs -95.6%).

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...

Nortech Systems Inc is a global electronics manufacturing services provider. It delivers end-to-end solutions covering product design, prototyping, full-scale production, and supply chain management for clients operating in medical technology, industrial automation, aerospace and defense, and transportation sectors. It specializes in high-reliability, regulatory-compliant electronic components and assemblies tailored to strict industry standards.

AXP vs NSYS — Head-to-Head

Bigger by revenue
NSYS
NSYS
1.6× larger
NSYS
$30.3M
$18.9M
AXP
Growing faster (revenue YoY)
AXP
AXP
+5.5% gap
AXP
11.4%
5.9%
NSYS
Higher net margin
AXP
AXP
12.8% more per $
AXP
15.7%
3.0%
NSYS
Faster 2-yr revenue CAGR
NSYS
NSYS
Annualised
NSYS
-5.9%
-95.6%
AXP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXP
AXP
NSYS
NSYS
Revenue
$18.9M
$30.3M
Net Profit
$3.0M
$897.0K
Gross Margin
16.7%
Operating Margin
3.0%
Net Margin
15.7%
3.0%
Revenue YoY
11.4%
5.9%
Net Profit YoY
15.0%
160.7%
EPS (diluted)
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXP
AXP
NSYS
NSYS
Q1 26
$18.9M
Q4 25
$10.9B
$30.3M
Q3 25
$10.4B
$30.5M
Q2 25
$10.3B
$30.7M
Q1 25
$9.6B
$26.9M
Q4 24
$10.0B
$28.6M
Q3 24
$9.7B
$31.4M
Q2 24
$9.8B
$33.9M
Net Profit
AXP
AXP
NSYS
NSYS
Q1 26
$3.0M
Q4 25
$2.5B
$897.0K
Q3 25
$2.9B
$-146.0K
Q2 25
$2.9B
$313.0K
Q1 25
$2.6B
$-1.3M
Q4 24
$2.2B
$-1.5M
Q3 24
$2.5B
$-739.0K
Q2 24
$3.0B
$157.0K
Gross Margin
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
16.7%
Q3 25
16.5%
Q2 25
15.8%
Q1 25
11.4%
Q4 24
9.9%
Q3 24
12.2%
Q2 24
13.6%
Operating Margin
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
28.2%
3.0%
Q3 25
36.7%
3.1%
Q2 25
34.4%
2.4%
Q1 25
34.6%
-6.0%
Q4 24
27.7%
-4.3%
Q3 24
33.0%
-1.5%
Q2 24
38.6%
1.0%
Net Margin
AXP
AXP
NSYS
NSYS
Q1 26
15.7%
Q4 25
22.5%
3.0%
Q3 25
27.9%
-0.5%
Q2 25
28.0%
1.0%
Q1 25
26.8%
-4.9%
Q4 24
21.8%
-5.2%
Q3 24
25.8%
-2.4%
Q2 24
30.7%
0.5%
EPS (diluted)
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
$3.52
$0.32
Q3 25
$4.14
$-0.05
Q2 25
$4.08
$0.12
Q1 25
$3.64
$-0.48
Q4 24
$3.04
$-0.51
Q3 24
$3.49
$-0.27
Q2 24
$4.15
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXP
AXP
NSYS
NSYS
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
$60.4M
Stockholders' EquityBook value
$34.0M
$34.5M
Total Assets
$308.9M
$71.9M
Debt / EquityLower = less leverage
1.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
$742.0M
$1.7M
Q3 25
$1.3B
$1.3M
Q2 25
$197.0M
$652.0K
Q1 25
$261.0M
$1.2M
Q4 24
$221.0M
$916.0K
Q3 24
$120.0M
$1.2M
Q2 24
$188.0M
$1.5M
Total Debt
AXP
AXP
NSYS
NSYS
Q1 26
$60.4M
Q4 25
$56.4B
Q3 25
$57.8B
Q2 25
$58.2B
Q1 25
$51.2B
Q4 24
$49.7B
Q3 24
$53.5B
Q2 24
$51.5B
Stockholders' Equity
AXP
AXP
NSYS
NSYS
Q1 26
$34.0M
Q4 25
$33.5B
$34.5M
Q3 25
$32.4B
$33.4M
Q2 25
$32.3B
$33.4M
Q1 25
$31.2B
$32.8M
Q4 24
$30.3B
$34.0M
Q3 24
$29.7B
$35.7M
Q2 24
$29.5B
$36.1M
Total Assets
AXP
AXP
NSYS
NSYS
Q1 26
$308.9M
Q4 25
$300.1B
$71.9M
Q3 25
$297.6B
$74.8M
Q2 25
$295.6B
$74.8M
Q1 25
$282.2B
$73.5M
Q4 24
$271.5B
$72.4M
Q3 24
$271.0B
$77.0M
Q2 24
$272.2B
$76.3M
Debt / Equity
AXP
AXP
NSYS
NSYS
Q1 26
1.78×
Q4 25
1.68×
Q3 25
1.78×
Q2 25
1.80×
Q1 25
1.64×
Q4 24
1.64×
Q3 24
1.80×
Q2 24
1.74×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXP
AXP
NSYS
NSYS
Operating Cash FlowLast quarter
$5.6M
Free Cash FlowOCF − Capex
$5.5M
FCF MarginFCF / Revenue
18.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
6.25×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
$3.1B
$5.6M
Q3 25
$6.2B
$-92.0K
Q2 25
$4.4B
$157.0K
Q1 25
$4.8B
$-2.9M
Q4 24
$5.8B
$793.0K
Q3 24
$-1.8B
$-1.6M
Q2 24
$4.5B
$-4.3M
Free Cash Flow
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
$2.3B
$5.5M
Q3 25
$5.6B
$-242.0K
Q2 25
$3.7B
$58.0K
Q1 25
$4.3B
$-3.2M
Q4 24
$5.3B
$503.0K
Q3 24
$-2.3B
$-1.6M
Q2 24
$4.0B
$-4.6M
FCF Margin
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
21.4%
18.0%
Q3 25
53.6%
-0.8%
Q2 25
36.3%
0.2%
Q1 25
45.0%
-11.9%
Q4 24
53.1%
1.8%
Q3 24
-23.3%
-5.2%
Q2 24
40.4%
-13.5%
Capex Intensity
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
6.6%
0.5%
Q3 25
6.3%
0.5%
Q2 25
6.0%
0.3%
Q1 25
4.5%
1.0%
Q4 24
5.0%
1.0%
Q3 24
4.7%
0.1%
Q2 24
5.8%
0.8%
Cash Conversion
AXP
AXP
NSYS
NSYS
Q1 26
Q4 25
1.25×
6.25×
Q3 25
2.15×
Q2 25
1.51×
0.50×
Q1 25
1.84×
Q4 24
2.66×
Q3 24
-0.72×
Q2 24
1.50×
-27.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXP
AXP

Discount revenue$9.5M50%
Other$8.9M47%
Deposits with banks and other$512.0K3%

NSYS
NSYS

Medical Imaging$11.4M37%
Medical Device$8.0M26%
Industrial$7.3M24%
Aerospace And Defense$3.7M12%

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