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NORTECH SYSTEMS INC（NSYS）与VICOR CORP（VICR）财务数据对比。点击上方公司名可切换其他公司
VICOR CORP的季度营收约是NORTECH SYSTEMS INC的3.7倍（$113.0M vs $30.3M）。VICOR CORP净利率更高（18.3% vs 3.0%，领先15.3%）。VICOR CORP同比增速更快（20.2% vs 5.9%）。过去两年VICOR CORP的营收复合增速更高（14.7% vs -5.9%）
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。
Vicor Corporation是总部位于美国马萨诸塞州安多弗的电源模块专业制造商，深耕高性能电源模块的研发、生产与销售，可为多个行业客户提供高效可靠的电源解决方案，在全球电源技术领域具备较强的技术优势与市场竞争力。
NSYS vs VICR — 直观对比
营收规模更大
VICR
是对方的3.7倍
$30.3M
营收增速更快
VICR
高出14.3%
5.9%
净利率更高
VICR
高出15.3%
3.0%
两年增速更快
VICR
近两年复合增速
-5.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $30.3M | $113.0M |
| 净利润 | $897.0K | $20.7M |
| 毛利率 | 16.7% | — |
| 营业利润率 | 3.0% | — |
| 净利率 | 3.0% | 18.3% |
| 营收同比 | 5.9% | 20.2% |
| 净利润同比 | 160.7% | 713.9% |
| 每股收益（稀释后） | $0.32 | $0.44 |
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NSYSVICR
| 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 |
净利润NSYSVICR
| 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 |
毛利率NSYSVICR
| 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% |
营业利润率NSYSVICR
| 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% |
净利率NSYSVICR
| 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% |
每股收益（稀释后）NSYSVICR
| 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 |
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 | $1.7M | $404.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $34.5M | $754.1M |
| 总资产 | $71.9M | $804.9M |
| 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NSYSVICR
| 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 |
股东权益NSYSVICR
| 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 |
总资产NSYSVICR
| 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 |
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 | $5.6M | — |
| 自由现金流经营现金流 - 资本支出 | $5.5M | — |
| 自由现金流率自由现金流/营收 | 18.0% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 6.25× | — |
| 过去12个月自由现金流最近4个季度 | $2.1M | — |
8季度趋势，按日历期对齐
经营现金流NSYSVICR
| 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 |
自由现金流NSYSVICR
| 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 |
自由现金流率NSYSVICR
| 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% |
资本支出强度NSYSVICR
| 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% |
现金转化率NSYSVICR
| 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× | — |
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
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% |
