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Side-by-side financial comparison of First Bancorp, Inc (FNLC) 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 $25.8M, roughly 1.2× First Bancorp, Inc). First Bancorp, Inc runs the higher net margin — 39.4% vs 3.0%, a 36.4% gap on every dollar of revenue. On growth, First Bancorp, Inc posted the faster year-over-year revenue change (17.5% vs 5.9%). First Bancorp, Inc produced more free cash flow last quarter ($34.6M vs $5.5M). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% CAGR vs -5.9%).

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

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.

FNLC vs NSYS — Head-to-Head

Bigger by revenue
NSYS
NSYS
1.2× larger
NSYS
$30.3M
$25.8M
FNLC
Growing faster (revenue YoY)
FNLC
FNLC
+11.6% gap
FNLC
17.5%
5.9%
NSYS
Higher net margin
FNLC
FNLC
36.4% more per $
FNLC
39.4%
3.0%
NSYS
More free cash flow
FNLC
FNLC
$29.1M more FCF
FNLC
$34.6M
$5.5M
NSYS
Faster 2-yr revenue CAGR
FNLC
FNLC
Annualised
FNLC
18.1%
-5.9%
NSYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNLC
FNLC
NSYS
NSYS
Revenue
$25.8M
$30.3M
Net Profit
$10.2M
$897.0K
Gross Margin
16.7%
Operating Margin
48.1%
3.0%
Net Margin
39.4%
3.0%
Revenue YoY
17.5%
5.9%
Net Profit YoY
39.7%
160.7%
EPS (diluted)
$0.91
$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
FNLC
FNLC
NSYS
NSYS
Q4 25
$25.8M
$30.3M
Q3 25
$24.5M
$30.5M
Q2 25
$22.5M
$30.7M
Q1 25
$21.8M
$26.9M
Q4 24
$22.0M
$28.6M
Q3 24
$20.5M
$31.4M
Q2 24
$19.2M
$33.9M
Q1 24
$18.5M
$34.2M
Net Profit
FNLC
FNLC
NSYS
NSYS
Q4 25
$10.2M
$897.0K
Q3 25
$9.1M
$-146.0K
Q2 25
$8.1M
$313.0K
Q1 25
$7.1M
$-1.3M
Q4 24
$7.3M
$-1.5M
Q3 24
$7.6M
$-739.0K
Q2 24
$6.2M
$157.0K
Q1 24
$6.0M
$765.0K
Gross Margin
FNLC
FNLC
NSYS
NSYS
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%
Operating Margin
FNLC
FNLC
NSYS
NSYS
Q4 25
48.1%
3.0%
Q3 25
45.2%
3.1%
Q2 25
43.7%
2.4%
Q1 25
39.3%
-6.0%
Q4 24
39.5%
-4.3%
Q3 24
44.6%
-1.5%
Q2 24
38.8%
1.0%
Q1 24
39.3%
3.4%
Net Margin
FNLC
FNLC
NSYS
NSYS
Q4 25
39.4%
3.0%
Q3 25
37.0%
-0.5%
Q2 25
35.8%
1.0%
Q1 25
32.5%
-4.9%
Q4 24
33.1%
-5.2%
Q3 24
36.9%
-2.4%
Q2 24
32.1%
0.5%
Q1 24
32.5%
2.2%
EPS (diluted)
FNLC
FNLC
NSYS
NSYS
Q4 25
$0.91
$0.32
Q3 25
$0.81
$-0.05
Q2 25
$0.72
$0.12
Q1 25
$0.63
$-0.48
Q4 24
$0.66
$-0.51
Q3 24
$0.68
$-0.27
Q2 24
$0.55
$0.05
Q1 24
$0.54
$0.26

Balance Sheet & Financial Strength

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

Metric
FNLC
FNLC
NSYS
NSYS
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
$95.5M
Stockholders' EquityBook value
$283.1M
$34.5M
Total Assets
$3.2B
$71.9M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNLC
FNLC
NSYS
NSYS
Q4 25
$1.7M
Q3 25
$1.3M
Q2 25
$652.0K
Q1 25
$1.2M
Q4 24
$916.0K
Q3 24
$1.2M
Q2 24
$1.5M
Q1 24
$4.0M
Total Debt
FNLC
FNLC
NSYS
NSYS
Q4 25
$95.5M
Q3 25
$95.5M
Q2 25
$95.0M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$95.0M
Q2 24
$70.0M
Q1 24
$70.0M
Stockholders' Equity
FNLC
FNLC
NSYS
NSYS
Q4 25
$283.1M
$34.5M
Q3 25
$274.6M
$33.4M
Q2 25
$265.5M
$33.4M
Q1 25
$259.7M
$32.8M
Q4 24
$252.5M
$34.0M
Q3 24
$256.8M
$35.7M
Q2 24
$244.7M
$36.1M
Q1 24
$242.6M
$36.0M
Total Assets
FNLC
FNLC
NSYS
NSYS
Q4 25
$3.2B
$71.9M
Q3 25
$3.2B
$74.8M
Q2 25
$3.2B
$74.8M
Q1 25
$3.2B
$73.5M
Q4 24
$3.2B
$72.4M
Q3 24
$3.1B
$77.0M
Q2 24
$3.1B
$76.3M
Q1 24
$3.0B
$75.5M
Debt / Equity
FNLC
FNLC
NSYS
NSYS
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
0.29×
Q1 24
0.29×

Cash Flow & Capital Efficiency

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

Metric
FNLC
FNLC
NSYS
NSYS
Operating Cash FlowLast quarter
$37.8M
$5.6M
Free Cash FlowOCF − Capex
$34.6M
$5.5M
FCF MarginFCF / Revenue
133.9%
18.0%
Capex IntensityCapex / Revenue
12.5%
0.5%
Cash ConversionOCF / Net Profit
3.72×
6.25×
TTM Free Cash FlowTrailing 4 quarters
$55.3M
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNLC
FNLC
NSYS
NSYS
Q4 25
$37.8M
$5.6M
Q3 25
$12.9M
$-92.0K
Q2 25
$7.4M
$157.0K
Q1 25
$2.2M
$-2.9M
Q4 24
$26.0M
$793.0K
Q3 24
$9.8M
$-1.6M
Q2 24
$6.4M
$-4.3M
Q1 24
$-1.5M
$2.8M
Free Cash Flow
FNLC
FNLC
NSYS
NSYS
Q4 25
$34.6M
$5.5M
Q3 25
$12.6M
$-242.0K
Q2 25
$7.2M
$58.0K
Q1 25
$828.0K
$-3.2M
Q4 24
$24.6M
$503.0K
Q3 24
$9.6M
$-1.6M
Q2 24
$6.3M
$-4.6M
Q1 24
$-1.8M
$2.1M
FCF Margin
FNLC
FNLC
NSYS
NSYS
Q4 25
133.9%
18.0%
Q3 25
51.4%
-0.8%
Q2 25
32.1%
0.2%
Q1 25
3.8%
-11.9%
Q4 24
111.7%
1.8%
Q3 24
47.0%
-5.2%
Q2 24
32.9%
-13.5%
Q1 24
-9.8%
6.1%
Capex Intensity
FNLC
FNLC
NSYS
NSYS
Q4 25
12.5%
0.5%
Q3 25
1.2%
0.5%
Q2 25
0.6%
0.3%
Q1 25
6.2%
1.0%
Q4 24
6.7%
1.0%
Q3 24
0.5%
0.1%
Q2 24
0.3%
0.8%
Q1 24
1.8%
2.2%
Cash Conversion
FNLC
FNLC
NSYS
NSYS
Q4 25
3.72×
6.25×
Q3 25
1.42×
Q2 25
0.91×
0.50×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
-27.30×
Q1 24
-0.25×
3.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNLC
FNLC

Segment breakdown not available.

NSYS
NSYS

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

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