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Side-by-side financial comparison of NORTECH SYSTEMS INC (NSYS) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $30.3M, roughly 1.7× NORTECH SYSTEMS INC). NORTECH SYSTEMS INC runs the higher net margin — 3.0% vs -5.1%, a 8.1% gap on every dollar of revenue. On growth, NORTECH SYSTEMS INC posted the faster year-over-year revenue change (5.9% vs -14.2%). NORTECH SYSTEMS INC produced more free cash flow last quarter ($5.5M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% 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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
NSYS vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.3M | $50.3M |
| Net Profit | $897.0K | $-2.6M |
| Gross Margin | 16.7% | — |
| Operating Margin | 3.0% | -1.9% |
| Net Margin | 3.0% | -5.1% |
| Revenue YoY | 5.9% | -14.2% |
| Net Profit YoY | 160.7% | -14.5% |
| EPS (diluted) | $0.32 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $30.5M | $52.2M | ||
| Q2 25 | $30.7M | $60.4M | ||
| Q1 25 | $26.9M | $40.2M | ||
| Q4 24 | $28.6M | $58.6M | ||
| Q3 24 | $31.4M | $60.1M | ||
| Q2 24 | $33.9M | $46.8M | ||
| Q1 24 | $34.2M | $45.1M |
| Q4 25 | $897.0K | $-2.6M | ||
| Q3 25 | $-146.0K | $-4.2M | ||
| Q2 25 | $313.0K | $-2.7M | ||
| Q1 25 | $-1.3M | $-4.8M | ||
| Q4 24 | $-1.5M | $-2.2M | ||
| Q3 24 | $-739.0K | $-7.0M | ||
| Q2 24 | $157.0K | $-12.8M | ||
| Q1 24 | $765.0K | $-13.2M |
| 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% | -1.9% | ||
| Q3 25 | 3.1% | -0.6% | ||
| Q2 25 | 2.4% | 4.8% | ||
| Q1 25 | -6.0% | -17.2% | ||
| Q4 24 | -4.3% | 2.6% | ||
| Q3 24 | -1.5% | -0.6% | ||
| Q2 24 | 1.0% | -16.4% | ||
| Q1 24 | 3.4% | -16.7% |
| Q4 25 | 3.0% | -5.1% | ||
| Q3 25 | -0.5% | -8.0% | ||
| Q2 25 | 1.0% | -4.4% | ||
| Q1 25 | -4.9% | -11.8% | ||
| Q4 24 | -5.2% | -3.8% | ||
| Q3 24 | -2.4% | -11.7% | ||
| Q2 24 | 0.5% | -27.4% | ||
| Q1 24 | 2.2% | -29.4% |
| Q4 25 | $0.32 | $-0.11 | ||
| Q3 25 | $-0.05 | $-0.18 | ||
| Q2 25 | $0.12 | $-0.12 | ||
| Q1 25 | $-0.48 | $-0.21 | ||
| Q4 24 | $-0.51 | $-0.11 | ||
| Q3 24 | $-0.27 | $-0.31 | ||
| Q2 24 | $0.05 | $-0.57 | ||
| Q1 24 | $0.26 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $34.5M | $-18.2M |
| Total Assets | $71.9M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $10.5M | ||
| Q3 25 | $1.3M | $8.1M | ||
| Q2 25 | $652.0K | $9.1M | ||
| Q1 25 | $1.2M | $5.9M | ||
| Q4 24 | $916.0K | $12.4M | ||
| Q3 24 | $1.2M | $10.1M | ||
| Q2 24 | $1.5M | $9.3M | ||
| Q1 24 | $4.0M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $34.5M | $-18.2M | ||
| Q3 25 | $33.4M | $-12.1M | ||
| Q2 25 | $33.4M | $-7.7M | ||
| Q1 25 | $32.8M | $-8.1M | ||
| Q4 24 | $34.0M | $-4.4M | ||
| Q3 24 | $35.7M | $1.6M | ||
| Q2 24 | $36.1M | $6.5M | ||
| Q1 24 | $36.0M | $18.0M |
| Q4 25 | $71.9M | $434.9M | ||
| Q3 25 | $74.8M | $435.2M | ||
| Q2 25 | $74.8M | $438.1M | ||
| Q1 25 | $73.5M | $441.0M | ||
| Q4 24 | $72.4M | $471.0M | ||
| Q3 24 | $77.0M | $495.7M | ||
| Q2 24 | $76.3M | $494.9M | ||
| Q1 24 | $75.5M | $494.9M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | $5.5M | $4.1M |
| FCF MarginFCF / Revenue | 18.0% | 8.2% |
| Capex IntensityCapex / Revenue | 0.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 6.25× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $4.3M | ||
| Q3 25 | $-92.0K | $295.0K | ||
| Q2 25 | $157.0K | $1.6M | ||
| Q1 25 | $-2.9M | $-7.7M | ||
| Q4 24 | $793.0K | $8.0M | ||
| Q3 24 | $-1.6M | $1.3M | ||
| Q2 24 | $-4.3M | $-10.4M | ||
| Q1 24 | $2.8M | $-2.8M |
| Q4 25 | $5.5M | $4.1M | ||
| Q3 25 | $-242.0K | $-246.0K | ||
| Q2 25 | $58.0K | $1.2M | ||
| Q1 25 | $-3.2M | $-8.0M | ||
| Q4 24 | $503.0K | $7.0M | ||
| Q3 24 | $-1.6M | $-1.1M | ||
| Q2 24 | $-4.6M | $-10.6M | ||
| Q1 24 | $2.1M | $-4.7M |
| Q4 25 | 18.0% | 8.2% | ||
| Q3 25 | -0.8% | -0.5% | ||
| Q2 25 | 0.2% | 1.9% | ||
| Q1 25 | -11.9% | -19.8% | ||
| Q4 24 | 1.8% | 12.0% | ||
| Q3 24 | -5.2% | -1.8% | ||
| Q2 24 | -13.5% | -22.7% | ||
| Q1 24 | 6.1% | -10.4% |
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 0.3% | 0.6% | ||
| Q1 25 | 1.0% | 0.6% | ||
| Q4 24 | 1.0% | 1.7% | ||
| Q3 24 | 0.1% | 4.0% | ||
| Q2 24 | 0.8% | 0.5% | ||
| Q1 24 | 2.2% | 4.3% |
| Q4 25 | 6.25× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -27.30× | — | ||
| Q1 24 | 3.70× | — |
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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
