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

Nortech Systems brought in $118.4M of revenue in fiscal 2025, Vertiv $10.2B in fiscal 2025. Revenue changed by -7.6% at Nortech Systems and +27.7% at Vertiv on the year before, so Vertiv grew faster. Nortech Systems kept -0.2% of its revenue as net profit, Vertiv 13.0%. Free cash flow was $2.1M at Nortech Systems and $1.9B at Vertiv.

Side by side, latest fiscal year

NSYSVRT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$118.4M$10.2B
Revenue growth-7.6%+27.7%
Net income-$252K$1.3B
Net margin-0.2%13.0%
Free cash flow$2.1M$1.9B
Free cash flow margin1.8%18.5%
Earnings per share (diluted)-$0.09$3.41
Cash$1.7M$1.7B
Debtn/a$2.9B
Price to earningsn/a74.3
Market value$32.2M$97.5B
Dividend yieldn/an/a
Rank by revenue in sector#422 of 638 · Technology#58 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: $118.4MVRT FY2018: $4.3BVRT FY2019: $4.4BVRT FY2020: $4.4BVRT FY2021: $5BVRT FY2022: $5.7BVRT FY2023: $6.9BVRT FY2024: $8BVRT FY2025: $10.2BFY18FY19FY20FY21FY22FY23FY24FY25
NSYS $118.4MVRT $10.2B
Net income
NSYS FY2018: $166KNSYS FY2019: -$1.2MNSYS FY2020: -$1.5MNSYS FY2021: $7.2MNSYS FY2022: $2MNSYS FY2023: $6.9MNSYS FY2024: -$1.3MNSYS FY2025: -$252KVRT FY2018: -$314MVRT FY2019: -$140.8MVRT FY2020: -$327.3MVRT FY2021: $119.6MVRT FY2022: $76.6MVRT FY2023: $460.2MVRT FY2024: $495.8MVRT FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
NSYS -$252KVRT $1.3B
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%VRT FY2018: -7.3%VRT FY2019: -3.2%VRT FY2020: -7.5%VRT FY2021: 2.4%VRT FY2022: 1.3%VRT FY2023: 6.7%VRT FY2024: 6.2%VRT FY2025: 13.0%FY18FY19FY20FY21FY22FY23FY24FY25
NSYS -0.2%VRT 13.0%
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%VRT FY2019: +3.4%VRT FY2020: -1.4%VRT FY2021: +14.4%VRT FY2022: +13.9%VRT FY2023: +20.6%VRT FY2024: +16.7%VRT FY2025: +27.7%FY19FY20FY21FY22FY23FY24FY25
NSYS -7.6%VRT +27.7%
Free cash flow
NSYS FY2018: $1MNSYS FY2019: $278KNSYS FY2020: $878KNSYS FY2021: -$5.8MNSYS FY2022: $3MNSYS FY2023: $485KNSYS FY2024: -$3.5MNSYS FY2025: $2.1MVRT FY2018: -$286.5MVRT FY2019: $9.9MVRT FY2020: $164.5MVRT FY2021: $137.5MVRT FY2022: -$252.8MVRT FY2023: $772.6MVRT FY2024: $1.2BVRT FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
NSYS $2.1MVRT $1.9B

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

Questions about Nortech Systems and Vertiv

Which is bigger by revenue, Nortech Systems or Vertiv?

Vertiv is bigger by revenue: $10.2B in fiscal 2025, against $118.4M for Nortech Systems in fiscal 2025.

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

Nortech Systems had a net margin of -0.2% in fiscal 2025; Vertiv had 13.0% in fiscal 2025.

Which grew revenue faster, Nortech Systems or Vertiv?

In their latest fiscal years revenue changed by -7.6% at Nortech Systems and +27.7% at Vertiv.

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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