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Side-by-side financial comparison of First Foundation Inc. (FFWM) and NORTECH SYSTEMS INC (NSYS). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $30.3M, roughly 1.6× NORTECH SYSTEMS INC). NORTECH SYSTEMS INC runs the higher net margin — 3.0% vs -97.9%, a 100.8% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 5.9%). NORTECH SYSTEMS INC produced more free cash flow last quarter ($5.5M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -5.9%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs NSYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $30.3M |
| Net Profit | $-8.0M | $897.0K |
| Gross Margin | — | 16.7% |
| Operating Margin | -97.5% | 3.0% |
| Net Margin | -97.9% | 3.0% |
| Revenue YoY | 421.7% | 5.9% |
| Net Profit YoY | 43.0% | 160.7% |
| EPS (diluted) | $-0.09 | $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.
| Q4 25 | $48.4M | $30.3M | ||
| Q3 25 | $63.6M | $30.5M | ||
| Q2 25 | $51.4M | $30.7M | ||
| Q1 25 | $71.4M | $26.9M | ||
| Q4 24 | $9.3M | $28.6M | ||
| Q3 24 | $9.2M | $31.4M | ||
| Q2 24 | $57.5M | $33.9M | ||
| Q1 24 | $51.1M | $34.2M |
| Q4 25 | $-8.0M | $897.0K | ||
| Q3 25 | $-146.3M | $-146.0K | ||
| Q2 25 | $-7.7M | $313.0K | ||
| Q1 25 | $6.9M | $-1.3M | ||
| Q4 24 | $-14.1M | $-1.5M | ||
| Q3 24 | $-82.2M | $-739.0K | ||
| Q2 24 | $3.1M | $157.0K | ||
| Q1 24 | $793.0K | $765.0K |
| 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% | ||
| Q1 24 | — | 15.9% |
| Q4 25 | -97.5% | 3.0% | ||
| Q3 25 | -92.7% | 3.1% | ||
| Q2 25 | -21.1% | 2.4% | ||
| Q1 25 | 8.8% | -6.0% | ||
| Q4 24 | -247.7% | -4.3% | ||
| Q3 24 | -1276.7% | -1.5% | ||
| Q2 24 | 4.6% | 1.0% | ||
| Q1 24 | -0.2% | 3.4% |
| Q4 25 | -97.9% | 3.0% | ||
| Q3 25 | -230.1% | -0.5% | ||
| Q2 25 | -15.0% | 1.0% | ||
| Q1 25 | 9.7% | -4.9% | ||
| Q4 24 | -152.2% | -5.2% | ||
| Q3 24 | -896.9% | -2.4% | ||
| Q2 24 | 5.4% | 0.5% | ||
| Q1 24 | 1.6% | 2.2% |
| Q4 25 | $-0.09 | $0.32 | ||
| Q3 25 | $-1.78 | $-0.05 | ||
| Q2 25 | $-0.09 | $0.12 | ||
| Q1 25 | $0.08 | $-0.48 | ||
| Q4 24 | $-0.24 | $-0.51 | ||
| Q3 24 | $-1.23 | $-0.27 | ||
| Q2 24 | $0.05 | $0.05 | ||
| Q1 24 | $0.01 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $1.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $34.5M |
| Total Assets | $11.9B | $71.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $1.7M | ||
| Q3 25 | $1.7B | $1.3M | ||
| Q2 25 | $1.1B | $652.0K | ||
| Q1 25 | $1.0B | $1.2M | ||
| Q4 24 | $1.0B | $916.0K | ||
| Q3 24 | $1.1B | $1.2M | ||
| Q2 24 | $1.4B | $1.5M | ||
| Q1 24 | $1.6B | $4.0M |
| Q4 25 | $912.6M | $34.5M | ||
| Q3 25 | $917.9M | $33.4M | ||
| Q2 25 | $1.1B | $33.4M | ||
| Q1 25 | $1.1B | $32.8M | ||
| Q4 24 | $1.1B | $34.0M | ||
| Q3 24 | $1.1B | $35.7M | ||
| Q2 24 | $933.2M | $36.1M | ||
| Q1 24 | $928.7M | $36.0M |
| Q4 25 | $11.9B | $71.9M | ||
| Q3 25 | $11.9B | $74.8M | ||
| Q2 25 | $11.6B | $74.8M | ||
| Q1 25 | $12.6B | $73.5M | ||
| Q4 24 | $12.6B | $72.4M | ||
| Q3 24 | $13.4B | $77.0M | ||
| Q2 24 | $13.7B | $76.3M | ||
| Q1 24 | $13.6B | $75.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.9M | $5.6M |
| Free Cash FlowOCF − Capex | $-35.2M | $5.5M |
| FCF MarginFCF / Revenue | -72.8% | 18.0% |
| Capex IntensityCapex / Revenue | 6.9% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 6.25× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $5.6M | ||
| Q3 25 | $9.2M | $-92.0K | ||
| Q2 25 | $-16.3M | $157.0K | ||
| Q1 25 | $-552.0K | $-2.9M | ||
| Q4 24 | $-8.7M | $793.0K | ||
| Q3 24 | $14.2M | $-1.6M | ||
| Q2 24 | $-9.1M | $-4.3M | ||
| Q1 24 | $7.2M | $2.8M |
| Q4 25 | $-35.2M | $5.5M | ||
| Q3 25 | $8.6M | $-242.0K | ||
| Q2 25 | $-16.7M | $58.0K | ||
| Q1 25 | $-2.5M | $-3.2M | ||
| Q4 24 | $-11.4M | $503.0K | ||
| Q3 24 | $13.4M | $-1.6M | ||
| Q2 24 | $-9.4M | $-4.6M | ||
| Q1 24 | $5.9M | $2.1M |
| Q4 25 | -72.8% | 18.0% | ||
| Q3 25 | 13.5% | -0.8% | ||
| Q2 25 | -32.4% | 0.2% | ||
| Q1 25 | -3.5% | -11.9% | ||
| Q4 24 | -123.5% | 1.8% | ||
| Q3 24 | 146.2% | -5.2% | ||
| Q2 24 | -16.3% | -13.5% | ||
| Q1 24 | 11.6% | 6.1% |
| Q4 25 | 6.9% | 0.5% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 0.8% | 0.3% | ||
| Q1 25 | 2.8% | 1.0% | ||
| Q4 24 | 29.4% | 1.0% | ||
| Q3 24 | 9.0% | 0.1% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 2.5% | 2.2% |
| Q4 25 | — | 6.25× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | -27.30× | ||
| Q1 24 | 9.09× | 3.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
NSYS
| Medical Imaging | $11.4M | 37% |
| Medical Device | $8.0M | 26% |
| Industrial | $7.3M | 24% |
| Aerospace And Defense | $3.7M | 12% |
