Nortech Systems (NSYS) Research & Development (2021 - 2026)
Nortech Systems (NSYS) reported Research & Development of $310,000 for Q1 2026, down 4.9% from $326,000 a year earlier but up 11.5% from the prior quarter.
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Analysis
Nortech Systems (NSYS) Research & Development (2021 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Nortech Systems' Research & Development came in at $1.16 million, down 3.6% year-over-year; for FY2025, it was $1.17 million, down 1.6% from FY2024.
- Research & Development has declined for three consecutive years, though with a four-year compound annual growth rate of 24.8% (FY2021 to FY2025).
- By year, Research & Development came in at $1.19 million in FY2024 (-0.7%), $1.2 million in FY2023 (-18.0%), $1.46 million in FY2022 (+202.9%) and $483,000 in FY2021.
- Five-year quarterly Research & Development spans a low of $135,000 in Q4 2021 and a high of $475,000 in Q3 2022.
- Year over year, Research & Development has now declined in each of the last three quarters, with an average decline of 3.4% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2022 (growth of 236.9%); the low point was Q3 2023 (a decline of 33.9%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $278,000 (Q4 2025), $266,000 (Q3 2025) and $302,000 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | - |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | - |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | - |
| 10 | Nortech Systems | 31.11 Mn | 24.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 310,000.00 |
| Dec 31, 2025 | 278,000.00 |
| Sep 30, 2025 | 266,000.00 |
| Jun 30, 2025 | 302,000.00 |
| Mar 31, 2025 | 326,000.00 |
| Dec 31, 2024 | 298,000.00 |
| Sep 30, 2024 | 284,000.00 |
| Jun 30, 2024 | 291,000.00 |
| Mar 31, 2024 | 318,000.00 |
| Dec 31, 2023 | 292,000.00 |
| Sep 30, 2023 | 314,000.00 |
| Jun 30, 2023 | 317,000.00 |
| Mar 31, 2023 | 276,000.00 |
| Dec 31, 2022 | 309,000.00 |
| Sep 30, 2022 | 475,000.00 |
| Jun 30, 2022 | 351,000.00 |
| Mar 31, 2022 | 328,000.00 |
| Dec 31, 2021 | 135,000.00 |
| Sep 30, 2021 | 141,000.00 |
| Jun 30, 2021 | 207,000.00 |
API Access
Nortech Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NSYS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NSYS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NSYS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();