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Side-by-side financial comparison of NORTECH SYSTEMS INC (NSYS) and VICOR CORP (VICR). Click either name above to swap in a different company.
VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $30.3M, roughly 3.7× NORTECH SYSTEMS INC). VICOR CORP runs the higher net margin — 18.3% vs 3.0%, a 15.3% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 5.9%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
NSYS vs VICR — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $30.3M | $113.0M |
| Net Profit | $897.0K | $20.7M |
| Gross Margin | 16.7% | — |
| Operating Margin | 3.0% | — |
| Net Margin | 3.0% | 18.3% |
| Revenue YoY | 5.9% | 20.2% |
| Net Profit YoY | 160.7% | 713.9% |
| EPS (diluted) | $0.32 | $0.44 |
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.
| Q1 26 | — | $113.0M | ||
| Q4 25 | $30.3M | $107.3M | ||
| Q3 25 | $30.5M | $110.4M | ||
| Q2 25 | $30.7M | $96.0M | ||
| Q1 25 | $26.9M | $94.0M | ||
| Q4 24 | $28.6M | $96.2M | ||
| Q3 24 | $31.4M | $93.2M | ||
| Q2 24 | $33.9M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $897.0K | $46.5M | ||
| Q3 25 | $-146.0K | $28.3M | ||
| Q2 25 | $313.0K | $41.2M | ||
| Q1 25 | $-1.3M | $2.5M | ||
| Q4 24 | $-1.5M | $10.2M | ||
| Q3 24 | $-739.0K | $11.6M | ||
| Q2 24 | $157.0K | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 55.4% | ||
| Q3 25 | 16.5% | 57.5% | ||
| Q2 25 | 15.8% | 95.9% | ||
| Q1 25 | 11.4% | 47.2% | ||
| Q4 24 | 9.9% | 52.4% | ||
| Q3 24 | 12.2% | 49.1% | ||
| Q2 24 | 13.6% | 49.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 14.6% | ||
| Q3 25 | 3.1% | 18.9% | ||
| Q2 25 | 2.4% | 47.3% | ||
| Q1 25 | -6.0% | -0.2% | ||
| Q4 24 | -4.3% | 9.6% | ||
| Q3 24 | -1.5% | 5.8% | ||
| Q2 24 | 1.0% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 3.0% | 43.4% | ||
| Q3 25 | -0.5% | 25.6% | ||
| Q2 25 | 1.0% | 42.9% | ||
| Q1 25 | -4.9% | 2.7% | ||
| Q4 24 | -5.2% | 10.7% | ||
| Q3 24 | -2.4% | 12.4% | ||
| Q2 24 | 0.5% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.32 | $1.01 | ||
| Q3 25 | $-0.05 | $0.63 | ||
| Q2 25 | $0.12 | $0.91 | ||
| Q1 25 | $-0.48 | $0.06 | ||
| Q4 24 | $-0.51 | $0.24 | ||
| Q3 24 | $-0.27 | $0.26 | ||
| Q2 24 | $0.05 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $34.5M | $754.1M |
| Total Assets | $71.9M | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $1.7M | $402.8M | ||
| Q3 25 | $1.3M | $362.4M | ||
| Q2 25 | $652.0K | $338.5M | ||
| Q1 25 | $1.2M | $296.1M | ||
| Q4 24 | $916.0K | $277.3M | ||
| Q3 24 | $1.2M | $267.6M | ||
| Q2 24 | $1.5M | $251.9M |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $34.5M | $711.6M | ||
| Q3 25 | $33.4M | $630.1M | ||
| Q2 25 | $33.4M | $608.6M | ||
| Q1 25 | $32.8M | $580.3M | ||
| Q4 24 | $34.0M | $570.1M | ||
| Q3 24 | $35.7M | $554.6M | ||
| Q2 24 | $36.1M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $71.9M | $785.8M | ||
| Q3 25 | $74.8M | $710.2M | ||
| Q2 25 | $74.8M | $693.5M | ||
| Q1 25 | $73.5M | $665.0M | ||
| Q4 24 | $72.4M | $641.1M | ||
| Q3 24 | $77.0M | $632.8M | ||
| Q2 24 | $76.3M | $613.2M |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $5.6M | $15.7M | ||
| Q3 25 | $-92.0K | $38.5M | ||
| Q2 25 | $157.0K | $65.2M | ||
| Q1 25 | $-2.9M | $20.1M | ||
| Q4 24 | $793.0K | $10.1M | ||
| Q3 24 | $-1.6M | $22.6M | ||
| Q2 24 | $-4.3M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $5.5M | $10.2M | ||
| Q3 25 | $-242.0K | $34.5M | ||
| Q2 25 | $58.0K | $59.0M | ||
| Q1 25 | $-3.2M | $15.6M | ||
| Q4 24 | $503.0K | $8.4M | ||
| Q3 24 | $-1.6M | $14.1M | ||
| Q2 24 | $-4.6M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 9.5% | ||
| Q3 25 | -0.8% | 31.2% | ||
| Q2 25 | 0.2% | 61.5% | ||
| Q1 25 | -11.9% | 16.6% | ||
| Q4 24 | 1.8% | 8.7% | ||
| Q3 24 | -5.2% | 15.2% | ||
| Q2 24 | -13.5% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 5.2% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 0.3% | 6.5% | ||
| Q1 25 | 1.0% | 4.8% | ||
| Q4 24 | 1.0% | 1.8% | ||
| Q3 24 | 0.1% | 9.1% | ||
| Q2 24 | 0.8% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.25× | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | 0.50× | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | -27.30× | — |
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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
