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

Nortech Systems brought in $118.4M of revenue in fiscal 2025, Vicor $452.7M in fiscal 2025. Revenue changed by -7.6% at Nortech Systems and +26.1% at Vicor on the year before, so Vicor grew faster. Nortech Systems kept -0.2% of its revenue as net profit, Vicor 26.2%. Free cash flow was $2.1M at Nortech Systems and $119.2M at Vicor.

Side by side, latest fiscal year

NSYSVICR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$118.4M$452.7M
Revenue growth-7.6%+26.1%
Net income-$252K$118.6M
Net margin-0.2%26.2%
Free cash flow$2.1M$119.2M
Free cash flow margin1.8%26.3%
Earnings per share (diluted)-$0.09$2.61
Cash$1.7M$402.8M
Debtn/an/a
Price to earningsn/a108.0
Market value$32.2M$13B
Dividend yieldn/an/a
Rank by revenue in sector#422 of 638 · Technology#320 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: $118.4MVICR FY2018: $291.2MVICR FY2019: $263MVICR FY2020: $296.6MVICR FY2021: $359.4MVICR FY2022: $399.1MVICR FY2023: $405.1MVICR FY2024: $359.1MVICR FY2025: $452.7MFY18FY19FY20FY21FY22FY23FY24FY25
NSYS $118.4MVICR $452.7M
Net income
NSYS FY2018: $166KNSYS FY2019: -$1.2MNSYS FY2020: -$1.5MNSYS FY2021: $7.2MNSYS FY2022: $2MNSYS FY2023: $6.9MNSYS FY2024: -$1.3MNSYS FY2025: -$252KVICR FY2018: $31.7MVICR FY2019: $14.1MVICR FY2020: $17.9MVICR FY2021: $56.6MVICR FY2022: $25.4MVICR FY2023: $53.6MVICR FY2024: $6.1MVICR FY2025: $118.6MFY18FY19FY20FY21FY22FY23FY24FY25
NSYS -$252KVICR $118.6M
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%VICR FY2018: 10.9%VICR FY2019: 5.4%VICR FY2020: 6.0%VICR FY2021: 15.8%VICR FY2022: 6.4%VICR FY2023: 13.2%VICR FY2024: 1.7%VICR FY2025: 26.2%FY18FY19FY20FY21FY22FY23FY24FY25
NSYS -0.2%VICR 26.2%
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%VICR FY2019: -9.7%VICR FY2020: +12.8%VICR FY2021: +21.2%VICR FY2022: +11.1%VICR FY2023: +1.5%VICR FY2024: -11.4%VICR FY2025: +26.1%FY19FY20FY21FY22FY23FY24FY25
NSYS -7.6%VICR +26.1%
Free cash flow
NSYS FY2018: $1MNSYS FY2019: $278KNSYS FY2020: $878KNSYS FY2021: -$5.8MNSYS FY2022: $3MNSYS FY2023: $485KNSYS FY2024: -$3.5MNSYS FY2025: $2.1MVICR FY2018: $18MVICR FY2019: $9.7MVICR FY2020: $6.1MVICR FY2021: $6.7MVICR FY2022: -$41MVICR FY2023: $41.1MVICR FY2024: $27.2MVICR FY2025: $119.2MFY18FY19FY20FY21FY22FY23FY24FY25
NSYS $2.1MVICR $119.2M

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

Questions about Nortech Systems and Vicor

Which is bigger by revenue, Nortech Systems or Vicor?

Vicor is bigger by revenue: $452.7M in fiscal 2025, against $118.4M for Nortech Systems in fiscal 2025.

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

Nortech Systems had a net margin of -0.2% in fiscal 2025; Vicor had 26.2% in fiscal 2025.

Which grew revenue faster, Nortech Systems or Vicor?

In their latest fiscal years revenue changed by -7.6% at Nortech Systems and +26.1% at Vicor.

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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