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Nortech Systems vs Impinj: revenue, profit, margins and growth compared

Nortech Systems brought in $118.4M of revenue in fiscal 2025, Impinj $361.1M in fiscal 2025. Revenue changed by -7.6% at Nortech Systems and -1.4% at Impinj on the year before, so Impinj grew faster. Nortech Systems kept -0.2% of its revenue as net profit, Impinj -3.0%. Free cash flow was $2.1M at Nortech Systems and $45.9M at Impinj.

Side by side, latest fiscal year

NSYSPI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$118.4M$361.1M
Revenue growth-7.6%-1.4%
Net income-$252K-$10.8M
Net margin-0.2%-3.0%
Free cash flow$2.1M$45.9M
Free cash flow margin1.8%12.7%
Earnings per share (diluted)-$0.09-$0.37
Cash$1.7M$48.2M
Debtn/a$280.9M
Price to earningsn/an/a
Market value$32.2M$5.4B
Dividend yieldn/an/a
Rank by revenue in sector#422 of 638 · Technology#344 of 638 · Technology

Over the years

Revenue
NSYS FY2018: $113.4MNSYS FY2019: $116.3MNSYS FY2020: $104.1MNSYS FY2021: $115.2MNSYS FY2022: $134.1MNSYS FY2023: $139.3MNSYS FY2024: $128.1MNSYS FY2025: $118.4MPI FY2018: $122.6MPI FY2019: $152.8MPI FY2020: $138.9MPI FY2021: $190.3MPI FY2022: $257.8MPI FY2023: $307.5MPI FY2024: $366.1MPI FY2025: $361.1MFY18FY19FY20FY21FY22FY23FY24FY25
NSYS $118.4MPI $361.1M
Net income
NSYS FY2018: $166KNSYS FY2019: -$1.2MNSYS FY2020: -$1.5MNSYS FY2021: $7.2MNSYS FY2022: $2MNSYS FY2023: $6.9MNSYS FY2024: -$1.3MNSYS FY2025: -$252KPI FY2018: -$35.2MPI FY2019: -$23MPI FY2020: -$51.9MPI FY2021: -$51.3MPI FY2022: -$24.3MPI FY2023: -$43.4MPI FY2024: $40.8MPI FY2025: -$10.8MFY18FY19FY20FY21FY22FY23FY24FY25
NSYS -$252KPI -$10.8M
Net margin
NSYS FY2018: 0.1%NSYS FY2019: -1.1%NSYS FY2020: -1.5%NSYS FY2021: 6.2%NSYS FY2022: 1.5%NSYS FY2023: 4.9%NSYS FY2024: -1.0%NSYS FY2025: -0.2%PI FY2018: -28.7%PI FY2019: -15.0%PI FY2020: -37.4%PI FY2021: -26.9%PI FY2022: -9.4%PI FY2023: -14.1%PI FY2024: 11.2%PI FY2025: -3.0%FY18FY19FY20FY21FY22FY23FY24FY25
NSYS -0.2%PI -3.0%
Revenue growth
NSYS FY2019: +2.6%NSYS FY2020: -10.5%NSYS FY2021: +10.6%NSYS FY2022: +16.5%NSYS FY2023: +3.9%NSYS FY2024: -8.0%NSYS FY2025: -7.6%PI FY2019: +24.6%PI FY2020: -9.1%PI FY2021: +37.0%PI FY2022: +35.5%PI FY2023: +19.3%PI FY2024: +19.0%PI FY2025: -1.4%FY19FY20FY21FY22FY23FY24FY25
NSYS -7.6%PI -1.4%
Free cash flow
NSYS FY2018: $1MNSYS FY2019: $278KNSYS FY2020: $878KNSYS FY2021: -$5.8MNSYS FY2022: $3MNSYS FY2023: $485KNSYS FY2024: -$3.5MNSYS FY2025: $2.1MPI FY2018: -$18.1MPI FY2019: $2.3MPI FY2020: -$20MPI FY2021: -$9.8MPI FY2022: -$11.4MPI FY2023: -$68MPI FY2024: $111.2MPI FY2025: $45.9MFY18FY19FY20FY21FY22FY23FY24FY25
NSYS $2.1MPI $45.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Nortech Systems and Impinj

Which is bigger by revenue, Nortech Systems or Impinj?

Impinj is bigger by revenue: $361.1M in fiscal 2025, against $118.4M for Nortech Systems in fiscal 2025.

Which keeps more of its revenue as profit, Nortech Systems or Impinj?

Nortech Systems had a net margin of -0.2% in fiscal 2025; Impinj had -3.0% in fiscal 2025.

Which grew revenue faster, Nortech Systems or Impinj?

In their latest fiscal years revenue changed by -7.6% at Nortech Systems and -1.4% at Impinj.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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