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

Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $30.3M, roughly 87.4× NORTECH SYSTEMS INC). Vertiv Holdings Co runs the higher net margin — 14.7% vs 3.0%, a 11.8% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 5.9%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $5.5M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

NSYS vs VRT — Head-to-Head

Bigger by revenue
VRT
VRT
87.4× larger
VRT
$2.6B
$30.3M
NSYS
Growing faster (revenue YoY)
VRT
VRT
+24.2% gap
VRT
30.1%
5.9%
NSYS
Higher net margin
VRT
VRT
11.8% more per $
VRT
14.7%
3.0%
NSYS
More free cash flow
VRT
VRT
$647.3M more FCF
VRT
$652.8M
$5.5M
NSYS
Faster 2-yr revenue CAGR
VRT
VRT
Annualised
VRT
16.5%
-5.9%
NSYS

Income Statement — Q4 2025 vs Q1 2026

Metric
NSYS
NSYS
VRT
VRT
Revenue
$30.3M
$2.6B
Net Profit
$897.0K
$390.1M
Gross Margin
16.7%
37.7%
Operating Margin
3.0%
Net Margin
3.0%
14.7%
Revenue YoY
5.9%
30.1%
Net Profit YoY
160.7%
137.1%
EPS (diluted)
$0.32
$0.99

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
VRT
VRT
Q1 26
$2.6B
Q4 25
$30.3M
$2.9B
Q3 25
$30.5M
$2.7B
Q2 25
$30.7M
$2.6B
Q1 25
$26.9M
$2.0B
Q4 24
$28.6M
$2.3B
Q3 24
$31.4M
$2.1B
Q2 24
$33.9M
$2.0B
Net Profit
NSYS
NSYS
VRT
VRT
Q1 26
$390.1M
Q4 25
$897.0K
$445.6M
Q3 25
$-146.0K
$398.5M
Q2 25
$313.0K
$324.2M
Q1 25
$-1.3M
$164.5M
Q4 24
$-1.5M
$147.0M
Q3 24
$-739.0K
$176.6M
Q2 24
$157.0K
$178.1M
Gross Margin
NSYS
NSYS
VRT
VRT
Q1 26
37.7%
Q4 25
16.7%
38.9%
Q3 25
16.5%
37.8%
Q2 25
15.8%
34.0%
Q1 25
11.4%
33.7%
Q4 24
9.9%
37.1%
Q3 24
12.2%
36.5%
Q2 24
13.6%
38.0%
Operating Margin
NSYS
NSYS
VRT
VRT
Q1 26
Q4 25
3.0%
20.1%
Q3 25
3.1%
19.3%
Q2 25
2.4%
16.8%
Q1 25
-6.0%
14.3%
Q4 24
-4.3%
19.5%
Q3 24
-1.5%
17.9%
Q2 24
1.0%
17.2%
Net Margin
NSYS
NSYS
VRT
VRT
Q1 26
14.7%
Q4 25
3.0%
15.5%
Q3 25
-0.5%
14.9%
Q2 25
1.0%
12.3%
Q1 25
-4.9%
8.1%
Q4 24
-5.2%
6.3%
Q3 24
-2.4%
8.5%
Q2 24
0.5%
9.1%
EPS (diluted)
NSYS
NSYS
VRT
VRT
Q1 26
$0.99
Q4 25
$0.32
$1.14
Q3 25
$-0.05
$1.02
Q2 25
$0.12
$0.83
Q1 25
$-0.48
$0.42
Q4 24
$-0.51
$0.38
Q3 24
$-0.27
$0.46
Q2 24
$0.05
$0.46

Balance Sheet & Financial Strength

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

Metric
NSYS
NSYS
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$1.7M
$2.5B
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$34.5M
$4.2B
Total Assets
$71.9M
$13.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSYS
NSYS
VRT
VRT
Q1 26
$2.5B
Q4 25
$1.7M
$1.7B
Q3 25
$1.3M
$1.4B
Q2 25
$652.0K
$1.6B
Q1 25
$1.2M
$1.5B
Q4 24
$916.0K
$1.2B
Q3 24
$1.2M
$908.7M
Q2 24
$1.5M
$579.7M
Total Debt
NSYS
NSYS
VRT
VRT
Q1 26
$0
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$2.9B
Stockholders' Equity
NSYS
NSYS
VRT
VRT
Q1 26
$4.2B
Q4 25
$34.5M
$3.9B
Q3 25
$33.4M
$3.5B
Q2 25
$33.4M
$3.1B
Q1 25
$32.8M
$2.7B
Q4 24
$34.0M
$2.4B
Q3 24
$35.7M
$1.8B
Q2 24
$36.1M
$1.5B
Total Assets
NSYS
NSYS
VRT
VRT
Q1 26
$13.4B
Q4 25
$71.9M
$12.2B
Q3 25
$74.8M
$10.8B
Q2 25
$74.8M
$10.4B
Q1 25
$73.5M
$9.5B
Q4 24
$72.4M
$9.1B
Q3 24
$77.0M
$8.9B
Q2 24
$76.3M
$8.1B
Debt / Equity
NSYS
NSYS
VRT
VRT
Q1 26
0.00×
Q4 25
0.74×
Q3 25
0.83×
Q2 25
0.93×
Q1 25
1.10×
Q4 24
1.20×
Q3 24
1.62×
Q2 24
1.91×

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
VRT
VRT
Operating Cash FlowLast quarter
$5.6M
Free Cash FlowOCF − Capex
$5.5M
$652.8M
FCF MarginFCF / Revenue
18.0%
24.6%
Capex IntensityCapex / Revenue
0.5%
4.2%
Cash ConversionOCF / Net Profit
6.25×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSYS
NSYS
VRT
VRT
Q1 26
Q4 25
$5.6M
$978.9M
Q3 25
$-92.0K
$508.7M
Q2 25
$157.0K
$322.9M
Q1 25
$-2.9M
$303.3M
Q4 24
$793.0K
$425.2M
Q3 24
$-1.6M
$378.2M
Q2 24
$-4.3M
$378.4M
Free Cash Flow
NSYS
NSYS
VRT
VRT
Q1 26
$652.8M
Q4 25
$5.5M
$885.6M
Q3 25
$-242.0K
$463.5M
Q2 25
$58.0K
$277.9M
Q1 25
$-3.2M
$266.8M
Q4 24
$503.0K
$364.5M
Q3 24
$-1.6M
$341.8M
Q2 24
$-4.6M
$344.3M
FCF Margin
NSYS
NSYS
VRT
VRT
Q1 26
24.6%
Q4 25
18.0%
30.8%
Q3 25
-0.8%
17.3%
Q2 25
0.2%
10.5%
Q1 25
-11.9%
13.1%
Q4 24
1.8%
15.5%
Q3 24
-5.2%
16.5%
Q2 24
-13.5%
17.6%
Capex Intensity
NSYS
NSYS
VRT
VRT
Q1 26
4.2%
Q4 25
0.5%
3.2%
Q3 25
0.5%
1.7%
Q2 25
0.3%
1.7%
Q1 25
1.0%
1.8%
Q4 24
1.0%
2.6%
Q3 24
0.1%
1.8%
Q2 24
0.8%
1.7%
Cash Conversion
NSYS
NSYS
VRT
VRT
Q1 26
Q4 25
6.25×
2.20×
Q3 25
1.28×
Q2 25
0.50×
1.00×
Q1 25
1.84×
Q4 24
2.89×
Q3 24
2.14×
Q2 24
-27.30×
2.12×

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%

VRT
VRT

Segment breakdown not available.

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