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Side-by-side financial comparison of NORTECH SYSTEMS INC (NSYS) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $30.3M, roughly 1.7× NORTECH SYSTEMS INC). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 3.0%, a 64.4% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 5.9%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $5.5M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
NSYS vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.3M | $51.6M |
| Net Profit | $897.0K | $34.8M |
| Gross Margin | 16.7% | — |
| Operating Margin | 3.0% | 97.0% |
| Net Margin | 3.0% | 67.3% |
| Revenue YoY | 5.9% | 32.8% |
| Net Profit YoY | 160.7% | 67.0% |
| EPS (diluted) | $0.32 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $30.5M | $49.1M | ||
| Q2 25 | $30.7M | $47.6M | ||
| Q1 25 | $26.9M | $37.5M | ||
| Q4 24 | $28.6M | $38.9M | ||
| Q3 24 | $31.4M | $35.1M | ||
| Q2 24 | $33.9M | $32.4M | ||
| Q1 24 | $34.2M | $29.5M |
| Q4 25 | $897.0K | $34.8M | ||
| Q3 25 | $-146.0K | $25.4M | ||
| Q2 25 | $313.0K | $26.0M | ||
| Q1 25 | $-1.3M | $18.9M | ||
| Q4 24 | $-1.5M | $20.8M | ||
| Q3 24 | $-739.0K | $15.8M | ||
| Q2 24 | $157.0K | $14.8M | ||
| Q1 24 | $765.0K | $17.3M |
| 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% | 97.0% | ||
| Q3 25 | 3.1% | 72.1% | ||
| Q2 25 | 2.4% | 71.3% | ||
| Q1 25 | -6.0% | 71.7% | ||
| Q4 24 | -4.3% | 82.5% | ||
| Q3 24 | -1.5% | 60.6% | ||
| Q2 24 | 1.0% | 61.3% | ||
| Q1 24 | 3.4% | 78.8% |
| Q4 25 | 3.0% | 67.3% | ||
| Q3 25 | -0.5% | 51.7% | ||
| Q2 25 | 1.0% | 54.6% | ||
| Q1 25 | -4.9% | 50.4% | ||
| Q4 24 | -5.2% | 53.5% | ||
| Q3 24 | -2.4% | 45.1% | ||
| Q2 24 | 0.5% | 45.6% | ||
| Q1 24 | 2.2% | 58.5% |
| Q4 25 | $0.32 | $0.90 | ||
| Q3 25 | $-0.05 | $0.65 | ||
| Q2 25 | $0.12 | $0.69 | ||
| Q1 25 | $-0.48 | $0.51 | ||
| Q4 24 | $-0.51 | $0.56 | ||
| Q3 24 | $-0.27 | $0.44 | ||
| Q2 24 | $0.05 | $0.42 | ||
| Q1 24 | $0.26 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $34.5M | $672.5M |
| Total Assets | $71.9M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $92.1M | ||
| Q3 25 | $1.3M | $99.0M | ||
| Q2 25 | $652.0K | $79.6M | ||
| Q1 25 | $1.2M | $51.7M | ||
| Q4 24 | $916.0K | $49.9M | ||
| Q3 24 | $1.2M | $44.1M | ||
| Q2 24 | $1.5M | $47.4M | ||
| Q1 24 | $4.0M | $34.8M |
| Q4 25 | $34.5M | $672.5M | ||
| Q3 25 | $33.4M | $634.3M | ||
| Q2 25 | $33.4M | $597.9M | ||
| Q1 25 | $32.8M | $563.2M | ||
| Q4 24 | $34.0M | $516.9M | ||
| Q3 24 | $35.7M | $484.6M | ||
| Q2 24 | $36.1M | $471.3M | ||
| Q1 24 | $36.0M | $452.9M |
| Q4 25 | $71.9M | $7.4B | ||
| Q3 25 | $74.8M | $7.0B | ||
| Q2 25 | $74.8M | $6.5B | ||
| Q1 25 | $73.5M | $6.0B | ||
| Q4 24 | $72.4M | $5.5B | ||
| Q3 24 | $77.0M | $5.2B | ||
| Q2 24 | $76.3M | $4.9B | ||
| Q1 24 | $75.5M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $5.5M | $17.9M |
| FCF MarginFCF / Revenue | 18.0% | 34.6% |
| Capex IntensityCapex / Revenue | 0.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 6.25× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $18.2M | ||
| Q3 25 | $-92.0K | $11.5M | ||
| Q2 25 | $157.0K | $7.7M | ||
| Q1 25 | $-2.9M | $3.5M | ||
| Q4 24 | $793.0K | $37.8M | ||
| Q3 24 | $-1.6M | $-17.6M | ||
| Q2 24 | $-4.3M | $11.5M | ||
| Q1 24 | $2.8M | $10.6M |
| Q4 25 | $5.5M | $17.9M | ||
| Q3 25 | $-242.0K | $11.4M | ||
| Q2 25 | $58.0K | $7.6M | ||
| Q1 25 | $-3.2M | $3.5M | ||
| Q4 24 | $503.0K | $37.5M | ||
| Q3 24 | $-1.6M | $-17.6M | ||
| Q2 24 | $-4.6M | $11.4M | ||
| Q1 24 | $2.1M | $10.5M |
| Q4 25 | 18.0% | 34.6% | ||
| Q3 25 | -0.8% | 23.2% | ||
| Q2 25 | 0.2% | 15.9% | ||
| Q1 25 | -11.9% | 9.2% | ||
| Q4 24 | 1.8% | 96.4% | ||
| Q3 24 | -5.2% | -50.3% | ||
| Q2 24 | -13.5% | 35.1% | ||
| Q1 24 | 6.1% | 35.8% |
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 0.5% | 0.1% | ||
| Q2 25 | 0.3% | 0.2% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 1.0% | 0.7% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.3% | ||
| Q1 24 | 2.2% | 0.1% |
| Q4 25 | 6.25× | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 0.50× | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | -27.30× | 0.78× | ||
| Q1 24 | 3.70× | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
