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Side-by-side financial comparison of NORTECH SYSTEMS INC (NSYS) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $30.3M, roughly 1.7× NORTECH SYSTEMS INC). NORTECH SYSTEMS INC runs the higher net margin — 3.0% vs -106.3%, a 109.2% gap on every dollar of revenue. On growth, NORTECH SYSTEMS INC posted the faster year-over-year revenue change (5.9% vs -1.4%). Over the past eight quarters, Plymouth Industrial REIT, Inc.'s revenue compounded faster (0.4% 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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
NSYS vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.3M | $51.2M |
| Net Profit | $897.0K | $-54.4M |
| Gross Margin | 16.7% | — |
| Operating Margin | 3.0% | -102.5% |
| Net Margin | 3.0% | -106.3% |
| Revenue YoY | 5.9% | -1.4% |
| Net Profit YoY | 160.7% | -248.5% |
| EPS (diluted) | $0.32 | $-1.23 |
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 | $30.3M | — | ||
| Q3 25 | $30.5M | $51.2M | ||
| Q2 25 | $30.7M | $47.2M | ||
| Q1 25 | $26.9M | $45.6M | ||
| Q4 24 | $28.6M | $47.6M | ||
| Q3 24 | $31.4M | $51.9M | ||
| Q2 24 | $33.9M | $48.7M | ||
| Q1 24 | $34.2M | $50.2M |
| Q4 25 | $897.0K | — | ||
| Q3 25 | $-146.0K | $-54.4M | ||
| Q2 25 | $313.0K | $-6.1M | ||
| Q1 25 | $-1.3M | $5.8M | ||
| Q4 24 | $-1.5M | $147.4M | ||
| Q3 24 | $-739.0K | $-15.6M | ||
| Q2 24 | $157.0K | $1.3M | ||
| Q1 24 | $765.0K | $6.2M |
| 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 | 3.0% | — | ||
| Q3 25 | 3.1% | -102.5% | ||
| Q2 25 | 2.4% | -10.3% | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | -4.3% | — | ||
| Q3 24 | -1.5% | -29.6% | ||
| Q2 24 | 1.0% | 2.7% | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | -0.5% | -106.3% | ||
| Q2 25 | 1.0% | -12.9% | ||
| Q1 25 | -4.9% | 12.8% | ||
| Q4 24 | -5.2% | 309.9% | ||
| Q3 24 | -2.4% | -30.1% | ||
| Q2 24 | 0.5% | 2.7% | ||
| Q1 24 | 2.2% | 12.4% |
| Q4 25 | $0.32 | — | ||
| Q3 25 | $-0.05 | $-1.23 | ||
| Q2 25 | $0.12 | $-0.14 | ||
| Q1 25 | $-0.48 | $0.13 | ||
| Q4 24 | $-0.51 | $3.24 | ||
| Q3 24 | $-0.27 | $-0.35 | ||
| Q2 24 | $0.05 | $0.03 | ||
| Q1 24 | $0.26 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $34.5M | $470.1M |
| Total Assets | $71.9M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $34.5M | — | ||
| Q3 25 | $33.4M | $470.1M | ||
| Q2 25 | $33.4M | $539.6M | ||
| Q1 25 | $32.8M | $571.0M | ||
| Q4 24 | $34.0M | $579.5M | ||
| Q3 24 | $35.7M | $436.5M | ||
| Q2 24 | $36.1M | $475.2M | ||
| Q1 24 | $36.0M | $484.6M |
| Q4 25 | $71.9M | — | ||
| Q3 25 | $74.8M | $1.6B | ||
| Q2 25 | $74.8M | $1.6B | ||
| Q1 25 | $73.5M | $1.4B | ||
| Q4 24 | $72.4M | $1.4B | ||
| Q3 24 | $77.0M | $1.5B | ||
| Q2 24 | $76.3M | $1.4B | ||
| Q1 24 | $75.5M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $5.6M | $20.0M |
| 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.
| Q4 25 | $5.6M | — | ||
| Q3 25 | $-92.0K | $20.0M | ||
| Q2 25 | $157.0K | $23.4M | ||
| Q1 25 | $-2.9M | $15.6M | ||
| Q4 24 | $793.0K | $96.1M | ||
| Q3 24 | $-1.6M | $17.6M | ||
| Q2 24 | $-4.3M | $19.9M | ||
| Q1 24 | $2.8M | $16.6M |
| Q4 25 | $5.5M | — | ||
| Q3 25 | $-242.0K | — | ||
| Q2 25 | $58.0K | — | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $503.0K | — | ||
| Q3 24 | $-1.6M | — | ||
| Q2 24 | $-4.6M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | 18.0% | — | ||
| Q3 25 | -0.8% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -11.9% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | -5.2% | — | ||
| Q2 24 | -13.5% | — | ||
| Q1 24 | 6.1% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 6.25× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | -27.30× | 15.12× | ||
| Q1 24 | 3.70× | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSYS
| Medical Imaging | $11.4M | 37% |
| Medical Device | $8.0M | 26% |
| Industrial | $7.3M | 24% |
| Aerospace And Defense | $3.7M | 12% |
PLYM
Segment breakdown not available.
