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M-tron Industries, Inc.（MPTI）与NORTECH SYSTEMS INC（NSYS）财务数据对比。点击上方公司名可切换其他公司
NORTECH SYSTEMS INC的季度营收约是M-tron Industries, Inc.的2.1倍（$30.3M vs $14.2M）。M-tron Industries, Inc.净利率更高（24.1% vs 3.0%，领先21.1%）。M-tron Industries, Inc.同比增速更快（11.2% vs 5.9%）。NORTECH SYSTEMS INC自由现金流更多（$5.5M vs $2.3M）。过去两年M-tron Industries, Inc.的营收复合增速更高（12.8% vs -5.9%）
M-tron Industries, Inc.是一家研发生产高性能频率控制与计时解决方案的企业，产品涵盖晶体振荡器、滤波器、集成计时组件等，主要服务航空航天、国防、电信、工业自动化、医疗设备领域，客户覆盖北美、欧洲及亚洲的商业和政府机构。
Nortech Systems Inc是一家全球电子制造服务提供商，为医疗科技、工业自动化、航空航天国防、交通运输等领域客户提供产品设计、原型制作、规模生产、供应链管理等全链路解决方案，主打符合行业规范的高可靠性电子组件与装配产品。
MPTI vs NSYS — 直观对比
营收规模更大
NSYS
是对方的2.1倍
$14.2M
营收增速更快
MPTI
高出5.2%
5.9%
净利率更高
MPTI
高出21.1%
3.0%
自由现金流更多
NSYS
多$3.1M
$2.3M
两年增速更快
MPTI
近两年复合增速
-5.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $14.2M | $30.3M |
| 净利润 | $3.4M | $897.0K |
| 毛利率 | — | 16.7% |
| 营业利润率 | 27.3% | 3.0% |
| 净利率 | 24.1% | 3.0% |
| 营收同比 | 11.2% | 5.9% |
| 净利润同比 | 60.1% | 160.7% |
| 每股收益（稀释后） | $0.90 | $0.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MPTINSYS
| Q4 25 | $14.2M | $30.3M | ||
| Q3 25 | $14.2M | $30.5M | ||
| Q2 25 | $13.3M | $30.7M | ||
| Q1 25 | $12.7M | $26.9M | ||
| Q4 24 | $12.8M | $28.6M | ||
| Q3 24 | $13.2M | $31.4M | ||
| Q2 24 | $11.8M | $33.9M | ||
| Q1 24 | $11.2M | $34.2M |
净利润MPTINSYS
| Q4 25 | $3.4M | $897.0K | ||
| Q3 25 | $1.8M | $-146.0K | ||
| Q2 25 | $1.6M | $313.0K | ||
| Q1 25 | $1.6M | $-1.3M | ||
| Q4 24 | $2.1M | $-1.5M | ||
| Q3 24 | $2.3M | $-739.0K | ||
| Q2 24 | $1.7M | $157.0K | ||
| Q1 24 | $1.5M | $765.0K |
毛利率MPTINSYS
| 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% |
营业利润率MPTINSYS
| Q4 25 | 27.3% | 3.0% | ||
| Q3 25 | 18.0% | 3.1% | ||
| Q2 25 | 13.9% | 2.4% | ||
| Q1 25 | 15.8% | -6.0% | ||
| Q4 24 | 20.1% | -4.3% | ||
| Q3 24 | 22.1% | -1.5% | ||
| Q2 24 | 17.8% | 1.0% | ||
| Q1 24 | 16.0% | 3.4% |
净利率MPTINSYS
| Q4 25 | 24.1% | 3.0% | ||
| Q3 25 | 12.9% | -0.5% | ||
| Q2 25 | 11.7% | 1.0% | ||
| Q1 25 | 12.8% | -4.9% | ||
| Q4 24 | 16.7% | -5.2% | ||
| Q3 24 | 17.2% | -2.4% | ||
| Q2 24 | 14.8% | 0.5% | ||
| Q1 24 | 13.3% | 2.2% |
每股收益（稀释后）MPTINSYS
| Q4 25 | $0.90 | $0.32 | ||
| Q3 25 | $0.63 | $-0.05 | ||
| Q2 25 | $0.53 | $0.12 | ||
| Q1 25 | $0.56 | $-0.48 | ||
| Q4 24 | $0.68 | $-0.51 | ||
| Q3 24 | $0.81 | $-0.27 | ||
| Q2 24 | $0.63 | $0.05 | ||
| Q1 24 | $0.53 | $0.26 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $20.9M | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.2M | $34.5M |
| 总资产 | $68.4M | $71.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MPTINSYS
| Q4 25 | $20.9M | $1.7M | ||
| Q3 25 | $18.3M | $1.3M | ||
| Q2 25 | $15.5M | $652.0K | ||
| Q1 25 | $13.7M | $1.2M | ||
| Q4 24 | $12.6M | $916.0K | ||
| Q3 24 | $8.5M | $1.2M | ||
| Q2 24 | $6.5M | $1.5M | ||
| Q1 24 | $5.4M | $4.0M |
股东权益MPTINSYS
| Q4 25 | $63.2M | $34.5M | ||
| Q3 25 | $37.0M | $33.4M | ||
| Q2 25 | $34.8M | $33.4M | ||
| Q1 25 | $33.2M | $32.8M | ||
| Q4 24 | $31.3M | $34.0M | ||
| Q3 24 | $26.2M | $35.7M | ||
| Q2 24 | $23.7M | $36.1M | ||
| Q1 24 | $21.7M | $36.0M |
总资产MPTINSYS
| Q4 25 | $68.4M | $71.9M | ||
| Q3 25 | $42.2M | $74.8M | ||
| Q2 25 | $39.7M | $74.8M | ||
| Q1 25 | $37.8M | $73.5M | ||
| Q4 24 | $36.6M | $72.4M | ||
| Q3 24 | $31.5M | $77.0M | ||
| Q2 24 | $28.4M | $76.3M | ||
| Q1 24 | $26.8M | $75.5M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.7M | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $2.3M | $5.5M |
| 自由现金流率自由现金流/营收 | 16.4% | 18.0% |
| 资本支出强度资本支出/营收 | 2.4% | 0.5% |
| 现金转化率经营现金流/净利润 | 0.78× | 6.25× |
| 过去12个月自由现金流最近4个季度 | $8.1M | $2.1M |
8季度趋势，按日历期对齐
经营现金流MPTINSYS
| Q4 25 | $2.7M | $5.6M | ||
| Q3 25 | $3.5M | $-92.0K | ||
| Q2 25 | $2.9M | $157.0K | ||
| Q1 25 | $1.6M | $-2.9M | ||
| Q4 24 | $1.8M | $793.0K | ||
| Q3 24 | $2.3M | $-1.6M | ||
| Q2 24 | $2.0M | $-4.3M | ||
| Q1 24 | $1.5M | $2.8M |
自由现金流MPTINSYS
| Q4 25 | $2.3M | $5.5M | ||
| Q3 25 | $2.7M | $-242.0K | ||
| Q2 25 | $2.0M | $58.0K | ||
| Q1 25 | $1.0M | $-3.2M | ||
| Q4 24 | $1.4M | $503.0K | ||
| Q3 24 | $1.8M | $-1.6M | ||
| Q2 24 | $1.1M | $-4.6M | ||
| Q1 24 | $1.4M | $2.1M |
自由现金流率MPTINSYS
| Q4 25 | 16.4% | 18.0% | ||
| Q3 25 | 19.1% | -0.8% | ||
| Q2 25 | 15.4% | 0.2% | ||
| Q1 25 | 8.0% | -11.9% | ||
| Q4 24 | 10.8% | 1.8% | ||
| Q3 24 | 13.4% | -5.2% | ||
| Q2 24 | 9.2% | -13.5% | ||
| Q1 24 | 12.3% | 6.1% |
资本支出强度MPTINSYS
| Q4 25 | 2.4% | 0.5% | ||
| Q3 25 | 5.7% | 0.5% | ||
| Q2 25 | 6.1% | 0.3% | ||
| Q1 25 | 4.6% | 1.0% | ||
| Q4 24 | 3.3% | 1.0% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 7.4% | 0.8% | ||
| Q1 24 | 1.1% | 2.2% |
现金转化率MPTINSYS
| Q4 25 | 0.78× | 6.25× | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 1.83× | 0.50× | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.99× | — | ||
| Q2 24 | 1.12× | -27.30× | ||
| Q1 24 | 1.01× | 3.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MPTI
| US | $11.3M | 79% |
| Non Us | $2.9M | 21% |
NSYS
| Medical Imaging | $11.4M | 37% |
| Medical Device | $8.0M | 26% |
| Industrial | $7.3M | 24% |
| Aerospace And Defense | $3.7M | 12% |
