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

NORTECH SYSTEMS INC is the larger business by last-quarter revenue ($30.3M vs $29.2M, roughly 1.0× PCB BANCORP). On growth, PCB BANCORP posted the faster year-over-year revenue change (11.3% vs 5.9%). PCB BANCORP produced more free cash flow last quarter ($24.4M vs $5.5M). Over the past eight quarters, PCB BANCORP's revenue compounded faster (10.4% CAGR vs -5.9%).

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.

PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.

NSYS vs PCB — Head-to-Head

Bigger by revenue
NSYS
NSYS
1.0× larger
NSYS
$30.3M
$29.2M
PCB
Growing faster (revenue YoY)
PCB
PCB
+5.4% gap
PCB
11.3%
5.9%
NSYS
More free cash flow
PCB
PCB
$18.9M more FCF
PCB
$24.4M
$5.5M
NSYS
Faster 2-yr revenue CAGR
PCB
PCB
Annualised
PCB
10.4%
-5.9%
NSYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSYS
NSYS
PCB
PCB
Revenue
$30.3M
$29.2M
Net Profit
$897.0K
Gross Margin
16.7%
Operating Margin
3.0%
45.0%
Net Margin
3.0%
Revenue YoY
5.9%
11.3%
Net Profit YoY
160.7%
EPS (diluted)
$0.32
$0.65

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
NSYS
NSYS
PCB
PCB
Q4 25
$30.3M
$29.2M
Q3 25
$30.5M
$30.4M
Q2 25
$30.7M
$29.3M
Q1 25
$26.9M
$26.9M
Q4 24
$28.6M
$26.2M
Q3 24
$31.4M
$25.3M
Q2 24
$33.9M
$24.2M
Q1 24
$34.2M
$23.9M
Net Profit
NSYS
NSYS
PCB
PCB
Q4 25
$897.0K
Q3 25
$-146.0K
$11.4M
Q2 25
$313.0K
$9.1M
Q1 25
$-1.3M
$7.7M
Q4 24
$-1.5M
Q3 24
$-739.0K
$7.8M
Q2 24
$157.0K
$6.3M
Q1 24
$765.0K
$4.7M
Gross Margin
NSYS
NSYS
PCB
PCB
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
NSYS
NSYS
PCB
PCB
Q4 25
3.0%
45.0%
Q3 25
3.1%
52.3%
Q2 25
2.4%
43.3%
Q1 25
-6.0%
40.2%
Q4 24
-4.3%
39.3%
Q3 24
-1.5%
42.2%
Q2 24
1.0%
36.3%
Q1 24
3.4%
27.2%
Net Margin
NSYS
NSYS
PCB
PCB
Q4 25
3.0%
Q3 25
-0.5%
37.5%
Q2 25
1.0%
31.0%
Q1 25
-4.9%
28.8%
Q4 24
-5.2%
Q3 24
-2.4%
30.8%
Q2 24
0.5%
25.9%
Q1 24
2.2%
19.6%
EPS (diluted)
NSYS
NSYS
PCB
PCB
Q4 25
$0.32
$0.65
Q3 25
$-0.05
$0.78
Q2 25
$0.12
$0.62
Q1 25
$-0.48
$0.53
Q4 24
$-0.51
$0.46
Q3 24
$-0.27
$0.52
Q2 24
$0.05
$0.43
Q1 24
$0.26
$0.33

Balance Sheet & Financial Strength

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

Metric
NSYS
NSYS
PCB
PCB
Cash + ST InvestmentsLiquidity on hand
$1.7M
$207.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$34.5M
$390.0M
Total Assets
$71.9M
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSYS
NSYS
PCB
PCB
Q4 25
$1.7M
$207.1M
Q3 25
$1.3M
$369.5M
Q2 25
$652.0K
$263.6M
Q1 25
$1.2M
$214.3M
Q4 24
$916.0K
$198.8M
Q3 24
$1.2M
$193.1M
Q2 24
$1.5M
$177.6M
Q1 24
$4.0M
$239.8M
Stockholders' Equity
NSYS
NSYS
PCB
PCB
Q4 25
$34.5M
$390.0M
Q3 25
$33.4M
$384.5M
Q2 25
$33.4M
$376.5M
Q1 25
$32.8M
$370.9M
Q4 24
$34.0M
$363.8M
Q3 24
$35.7M
$362.3M
Q2 24
$36.1M
$353.5M
Q1 24
$36.0M
$350.0M
Total Assets
NSYS
NSYS
PCB
PCB
Q4 25
$71.9M
$3.3B
Q3 25
$74.8M
$3.4B
Q2 25
$74.8M
$3.3B
Q1 25
$73.5M
$3.2B
Q4 24
$72.4M
$3.1B
Q3 24
$77.0M
$2.9B
Q2 24
$76.3M
$2.9B
Q1 24
$75.5M
$2.9B

Cash Flow & Capital Efficiency

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

Metric
NSYS
NSYS
PCB
PCB
Operating Cash FlowLast quarter
$5.6M
$26.6M
Free Cash FlowOCF − Capex
$5.5M
$24.4M
FCF MarginFCF / Revenue
18.0%
83.6%
Capex IntensityCapex / Revenue
0.5%
7.5%
Cash ConversionOCF / Net Profit
6.25×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSYS
NSYS
PCB
PCB
Q4 25
$5.6M
$26.6M
Q3 25
$-92.0K
$16.4M
Q2 25
$157.0K
$4.9M
Q1 25
$-2.9M
$2.3M
Q4 24
$793.0K
$39.0M
Q3 24
$-1.6M
$11.9M
Q2 24
$-4.3M
$14.6M
Q1 24
$2.8M
$8.2M
Free Cash Flow
NSYS
NSYS
PCB
PCB
Q4 25
$5.5M
$24.4M
Q3 25
$-242.0K
$16.2M
Q2 25
$58.0K
$3.8M
Q1 25
$-3.2M
$1.6M
Q4 24
$503.0K
$34.9M
Q3 24
$-1.6M
$11.9M
Q2 24
$-4.6M
$12.8M
Q1 24
$2.1M
$6.0M
FCF Margin
NSYS
NSYS
PCB
PCB
Q4 25
18.0%
83.6%
Q3 25
-0.8%
53.2%
Q2 25
0.2%
13.1%
Q1 25
-11.9%
6.0%
Q4 24
1.8%
133.2%
Q3 24
-5.2%
46.8%
Q2 24
-13.5%
53.1%
Q1 24
6.1%
25.2%
Capex Intensity
NSYS
NSYS
PCB
PCB
Q4 25
0.5%
7.5%
Q3 25
0.5%
0.8%
Q2 25
0.3%
3.7%
Q1 25
1.0%
2.8%
Q4 24
1.0%
15.5%
Q3 24
0.1%
0.1%
Q2 24
0.8%
7.3%
Q1 24
2.2%
9.3%
Cash Conversion
NSYS
NSYS
PCB
PCB
Q4 25
6.25×
Q3 25
1.44×
Q2 25
0.50×
0.54×
Q1 25
0.30×
Q4 24
Q3 24
1.52×
Q2 24
-27.30×
2.33×
Q1 24
3.70×
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NSYS
NSYS

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

PCB
PCB

Segment breakdown not available.

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