OSI Systems, Inc. (OSIS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$3.77	$3.78	+0.3%	—	$484.1M	—
Q3 26	$2.54	$2.6	+2.4%	—	$453.2M	—
Q2 26	$2.52	$2.58	+2.4%	—	$464.1M	—
Q1 26	$1.38	$1.42	+2.9%	—	$384.6M	—
Q4 25	$3.19	$3.24	+1.6%	—	$505M	—
Q3 25	$2.4	$2.44	+1.7%	—	$444.4M	—
Q2 25	$2.33	$2.42	+3.9%	—	$419.8M	—
Q1 25	$1.08	$1.25	+15.7%	—	$344M	—
Q4 24	$2.79	$2.84	+1.8%	—	$480.9M	—
Q3 24	$2.11	$2.16	+2.4%	—	$405.4M	—
Q2 24	$1.75	$2.21	+26.3%	—	$373.2M	—
Q1 24	$0.86	$0.91	+5.8%	—	$279.2M	—
Q4 23	$2.54	$2.66	+4.7%	—	$411.9M	—
Q3 23	$1.46	$1.49	+2.1%	—	$302.9M	—
Q2 23	$1.17	$1.19	+1.7%	—	$295.6M	—
Q1 23	$0.8	$0.87	+8.7%	—	$268.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$9.33	—	—	$1.8B	—
FY25	—	$8.91	—	—	$1.7B	—
FY24	—	$7.51	—	—	$1.5B	—
FY23	—	$5.45	—	—	$1.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$961M	$1.1B	$1.2B	$1.2B	$1.1B	$1.2B	$1.3B	$1.5B	$1.7B	$1.8B
YoY change	+15.8%	+13.4%	+8.52%	-1.36%	-1.64%	+3.17%	+8.04%	+20.4%	+11.3%	+4.25%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	961M	1.1B	1.2B	1.2B	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Cost of revenue	637.5M	697.6M	751.5M	745.4M	727M	758.8M	847.9M	1B	1.1B	1.2B
Gross profit	323.5M	391.7M	430.6M	420.6M	419.9M	424.4M	430.5M	530.5M	587.2M	593.1M
Gross margin	33.7%	36%	36.4%	36.1%	36.6%	35.9%	33.7%	34.5%	34.3%	33.2%
Research & development	51M	61.2M	56.5M	57.3M	53.7M	59.6M	59.4M	65.3M	73.4M	79.1M
Selling, general & administrative	192.6M	239.6M	262.5M	252M	240.7M	235.6M	228.3M	269.7M	290.9M	278.4M
Operating expenses	243.5M	300.8M	319M	309.3M	294.4M	295.1M	287.7M	335M	364.3M	357.5M
Operating income	80M	90.9M	111.6M	111.4M	125.5M	129.3M	142.8M	195.5M	222.9M	235.6M
Operating margin	8.32%	8.34%	9.44%	9.55%	10.9%	10.9%	11.2%	12.7%	13%	13.2%
Non-operating income, net	-44.6M	-34.8M	-3.8M	-6.5M	-10.1M	19.8M	-7.6M	-6.4M	-5.3M	-16.6M
Pretax income	25.8M	36.9M	86.2M	86.1M	98.6M	140.2M	115.2M	161.2M	186.1M	192.7M
Income tax	4.7M	66M	21.4M	10.9M	24.6M	24.8M	23.5M	33.1M	36.5M	38M
Net income	21.1M	-29.1M	64.8M	75.3M	74M	115.3M	91.8M	128.2M	149.6M	154.7M
Net margin	2.19%	-2.67%	5.48%	6.45%	6.46%	9.75%	7.18%	8.33%	8.73%	8.66%
EBITDA	150.3M	160.9M	167.8M	161.1M	169.3M	195.3M	181.4M	237.7M	266.4M	278.2M
EPS	1.13	-1.62	3.57	4.18	4.11	6.84	5.45	7.51	8.91	9.33
Diluted EPS	1.07	-1.62	3.46	4.05	4.03	6.45	5.34	7.38	8.71	8.95

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	279.2M	373.2M	405.4M	480.9M	344M	419.8M	444.4M	505M	384.6M	464.1M	453.2M	484.1M
Cost of revenue	180.5M	231.9M	269.3M	326.6M	222.5M	272.7M	294.1M	336.7M	261.4M	312.4M	302.9M	316.1M
Gross profit	98.7M	141.3M	136.1M	154.3M	121.5M	147.2M	150.3M	168.2M	123.2M	151.6M	150.3M	168M
Gross margin	35.4%	37.9%	33.6%	32.1%	35.3%	35.1%	33.8%	33.3%	32%	32.7%	33.2%	34.7%
Research & development	15.9M	16.4M	17.1M	15.9M	17.8M	18.3M	18.6M	18.8M	20.4M	19.8M	19.5M	19.5M
Selling, general & administrative	59.9M	71.6M	66.6M	71.3M	72.2M	70.7M	73.2M	74.7M	67M	70.2M	71.5M	69.7M
Operating expenses	75.8M	88M	83.7M	87.2M	90M	89M	91.8M	93.5M	87.4M	90M	90.9M	89.2M
Operating income	22.9M	53.3M	52.4M	67.1M	31.5M	58.2M	58.5M	74.7M	35.8M	61.7M	59.4M	78.7M
Operating margin	8.22%	14.3%	12.9%	14%	9.16%	13.9%	13.2%	14.8%	9.31%	13.3%	13.1%	16.3%
Non-operating income, net	-382K	-1M	-992K	-4.3M	-1.2M	-215K	-2.3M	-1.7M	-2.7M	-2.9M	-6.2M	-4.8M
Pretax income	16.8M	45.8M	44M	54.7M	23M	49.3M	48M	65.8M	25.7M	48.1M	49.2M	69.8M
Income tax	3.9M	9.2M	9.9M	10M	5M	11.5M	6.9M	13.1M	5.1M	9.4M	9M	14.5M
Net income	12.9M	36.6M	34M	44.7M	17.9M	37.8M	41.1M	52.7M	20.6M	38.7M	40.2M	55.2M
Net margin	4.61%	9.79%	8.4%	9.29%	5.21%	9.01%	9.26%	10.4%	5.34%	8.34%	8.87%	11.4%
EBITDA	32.5M	63.6M	63M	78.9M	43M	68.8M	69M	85.6M	46.1M	71.3M	68.9M	92M
EPS	0.77	2.15	2	2.62	1.07	2.26	2.45	3.14	1.22	2.31	2.44	3.47
Diluted EPS	0.75	2.11	1.95	2.55	1.05	2.22	2.4	3.03	1.18	2.22	2.33	3.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.4B	1.4B	2B	1.3B	1.8B	1.4B	2B	2.3B	3.8B	3.6B	3.1B
Enterprise value	1.6B	1.7B	2.3B	1.6B	2B	1.7B	2.3B	2.8B	4.3B	4.3B	3.8B
Shares outstanding	18.7M	18M	18.2M	18M	18M	16.9M	16.8M	17.1M	16.8M	16.6M	16.6M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	66.6	—	31.6	17.9	24.7	12.5	21.6	18.3	25.2	23.4	21.6
P/S	1.46	1.28	1.73	1.15	1.6	1.22	1.55	1.52	2.2	2.03	1.72
P/B	2.47	2.85	3.71	2.35	2.86	2.26	2.73	2.72	3.97	4.35	3.69
EV/EBITDA	10.5	10.4	13.7	9.9	12	8.86	12.5	11.7	16.2	15.3	14.3
EV/Sales	1.65	1.54	1.94	1.37	1.77	1.46	1.77	1.8	2.52	2.39	2.15
Earnings yield	1.5%	—	3.17%	5.6%	4.04%	8%	4.63%	5.46%	3.96%	4.27%	4.64%
FCF yield	2.89%	6.27%	4.34%	7.05%	5.92%	2.31%	3.15%	-5.41%	1.49%	6.27%	6.8%
PEG	—	—	—	—	—	—	—	—	—	—	2.06

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	33.7%	36%	36.4%	36.1%	36.6%	35.9%	33.7%	34.5%	34.3%	33.2%	34.7%
Operating margin	8.32%	8.34%	9.44%	9.55%	10.9%	10.9%	11.2%	12.7%	13%	13.2%	14.2%
Net margin	2.19%	-2.67%	5.48%	6.45%	6.46%	9.75%	7.18%	8.33%	8.73%	8.66%	8.66%
ROE	3.7%	-5.95%	11.7%	13.2%	11.6%	18.1%	12.6%	14.8%	15.7%	18.6%	17.3%
ROA	1.71%	-2.32%	5.12%	5.93%	5.35%	7.99%	5.9%	6.62%	6.68%	6.18%	5.94%
ROIC	8.77%	0%	10.5%	11.8%	11.3%	11.5%	11.3%	12%	12%	12.8%	12.8%
Return on tangible assets	4.14%	-7.52%	16.8%	19.3%	15.2%	23.4%	16%	13.4%	13.6%	11.9%	11.9%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.89	1.47	1.68	1.87	2.06	1.22	1.47	1.49	2.04	3.15	3.15
Quick ratio	1.17	0.76	0.96	1.14	1.2	0.67	0.88	1	1.46	2.34	2.34
Debt / equity	0.61	0.74	0.63	0.57	0.43	0.55	0.5	0.6	0.68	1.2	1.26
Debt / assets	0.28	0.29	0.27	0.26	0.2	0.24	0.23	0.27	0.29	0.4	0.4
Net debt / EBITDA	1.18	1.74	1.49	1.56	1.16	1.48	1.56	1.79	2.04	2.3	2.3
Interest coverage	3.67	2.91	4.99	5.59	6.9	16.6	6.75	6.79	6.92	8.35	8.35
Effective tax rate	18.2%	100%	24.8%	12.6%	24.9%	17.7%	20.4%	20.5%	19.6%	19.7%	19.7%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	51.4	60.4	65.1	64.7	63.7	70.1	76	90.2	102	107.7	107.7
EPS (basic)	1.13	-1.62	3.57	4.18	4.11	6.84	5.45	7.51	8.91	9.33	9.33
EPS (diluted)	1.07	-1.62	3.46	4.05	4.03	6.45	5.34	7.38	8.71	8.95	8.95
Book value per share	30.5	27.1	30.4	31.8	35.5	37.8	43.2	50.6	56.6	50.2	52.3
FCF per share	2.17	4.85	4.89	5.26	6.02	1.98	3.72	-7.44	3.34	13.7	13.4
Cash per share	9.08	4.7	5.3	4.23	4.48	3.81	4.56	5.59	6.34	21.7	22.6
Capex per share	0.91	2.4	1.51	1.13	0.87	1.14	0.92	1.27	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	1.78%	3.97%	2.32%	1.75%	1.37%	1.62%	1.21%	1.4%	—	—	—
Capex / operating cash flow	59.4%	36.2%	23%	16.3%	10.3%	25.3%	15.6%	-38.3%	—	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$279.2M	$373.2M	$405.4M	$480.9M	$344M	$419.8M	$444.4M	$505M	$384.6M	$464.1M	$453.2M	$484.1M
YoY change	+4.16%	+26.3%	+33.8%	+16.8%	+23.2%	+12.5%	+9.61%	+5.01%	+11.8%	+10.5%	+2%	-4.14%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	169.7M	84.8M	96.3M	76.1M	80.6M	64.2M	76.8M	95.4M	106.4M	359.8M
Receivables	206.5M	210.7M	238.4M	269.8M	290.7M	308M	380.8M	648.2M	837.7M	764.6M
Inventory	248.5M	313.6M	273.7M	241.2M	294.2M	333.9M	338M	397.9M	407.2M	415.6M
Total current assets	653M	650.7M	640.9M	617.7M	709.4M	746.1M	839.9M	1.2B	1.4B	1.6B
Property, plant & equipment	-15.6M	58.9M	72M	70.2M	60.4M	62.4M	59.8M	65.4M	71.2M	78.8M
Goodwill & intangibles	721.2M	868.4M	880.1M	877.8M	895.8M	949.5M	980.7M	982M	1.1B	1.2B
Total assets	1.2B	1.3B	1.3B	1.3B	1.4B	1.4B	1.6B	1.9B	2.2B	2.5B
Accounts payable	76.1M	106.9M	93.5M	84.9M	141.3M	125.2M	139M	191.1M	205.2M	169M
Short-term debt	105.4M	115.3M	88.8M	59.9M	846K	304.6M	223.1M	392.2M	186.1M	2.5M
Total current liabilities	346.1M	443.3M	382M	330.1M	344.8M	614M	571.7M	814.6M	696.9M	511.1M
Long-term debt	241.8M	249M	257.8M	267.1M	276.4M	48.7M	136.5M	129.4M	463.5M	998.5M
Total liabilities	660.9M	766.3M	713.1M	696.4M	744.5M	804.7M	829.5M	1.1B	1.3B	1.7B
Shareholders' equity	569.2M	489.4M	551.7M	572.2M	639.8M	638.4M	726.2M	863.5M	951.1M	833M
Total debt	347.1M	364.2M	346.6M	327M	277.3M	353.2M	359.6M	521.5M	649.6M	1B
Net debt	177.5M	279.4M	250.2M	250.9M	196.7M	289M	282.8M	426.2M	543.2M	641.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	82.6M	127.3M	101.4M	95.4M	85.1M	101.6M	95.8M	106.4M	124.4M	336.7M	345.2M	359.8M
Receivables	323.8M	370.2M	503.8M	648.2M	687.6M	703.9M	672.2M	837.7M	828.2M	833.2M	870.5M	764.6M
Inventory	418.8M	445.8M	442.8M	397.9M	456M	441.8M	439M	407.2M	454M	452.6M	435.3M	415.6M
Total current assets	872.1M	1B	1.1B	1.2B	1.3B	1.3B	1.3B	1.4B	1.5B	1.7B	1.7B	1.6B
Property, plant & equipment	60.6M	61.5M	61.8M	65.4M	71.4M	68.2M	68.5M	71.2M	71M	72M	73.9M	78.8M
Goodwill & intangibles	977.2M	992.4M	988.4M	982M	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B
Total assets	1.6B	1.7B	1.8B	1.9B	2.1B	2.1B	2.1B	2.2B	2.3B	2.5B	2.6B	2.5B
Accounts payable	164.4M	163.7M	172.1M	191.1M	191.9M	183.8M	173.1M	205.2M	217M	212.7M	200.9M	169M
Short-term debt	243.1M	324.1M	357.2M	392.2M	267.2M	244.2M	164.1M	186.1M	257.5M	5.1M	3.8M	2.5M
Total current liabilities	611.6M	700.4M	761.7M	814.6M	712.5M	703.7M	604M	696.9M	791.7M	535.4M	529.2M	511.1M
Long-term debt	134.7M	132.8M	131.2M	129.4M	468.1M	466.6M	465.1M	463.5M	436.8M	998.9M	998.7M	998.5M
Total liabilities	864M	956M	1B	1.1B	1.3B	1.3B	1.2B	1.3B	1.4B	1.7B	1.7B	1.7B
Shareholders' equity	724.5M	770.4M	813.4M	863.5M	786.5M	825.8M	879.3M	951.1M	946M	845.5M	894.3M	833M
Total debt	377.9M	456.9M	488.4M	521.5M	735.3M	710.8M	629.2M	649.6M	694.3M	1B	1B	1B
Net debt	295.3M	329.7M	387M	426.2M	650.2M	609.1M	533.4M	543.2M	569.9M	667.2M	657.3M	641.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	21.1M	-29.1M	64.8M	75.3M	74M	115.3M	91.8M	128.2M	149.6M	154.7M
Depreciation & amortization	68.2M	69.8M	56.2M	49.8M	43.9M	38.7M	38.5M	42.2M	43.6M	42.6M
Stock-based compensation	26.1M	23.8M	25.3M	23.8M	26.8M	28.1M	29.1M	28.7M	32M	26.4M
Change in working capital	-63.9M	18.6M	-27.9M	-32.6M	-2.1M	-109.8M	-56.5M	-241.4M	-121.3M	59.5M
Operating cash flow	28.8M	119.5M	119.2M	125.3M	152.6M	75.8M	99.4M	-56.4M	97.6M	275.9M
Capital expenditure	-17.1M	-43.2M	-27.4M	-20.4M	-15.8M	19.2M	-15.5M	-21.6M	—	—
Investing cash flow	-192.8M	-143.4M	-45.7M	-29.3M	-20.9M	2.9M	-24M	-20.3M	-76.6M	-26.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-48.5M	-62.9M	-21M	-51.8M	-37.5M	-111.6M	-34.7M	0	-80.4M	-271.9M
Financing cash flow	193.2M	-79M	-67.5M	-110.8M	-109.4M	-68.8M	-44.9M	138.1M	22.8M	39.4M
Net change in cash	29.2M	-102.9M	6M	-14.8M	22.3M	9.9M	30.5M	61.4M	43.8M	289.1M
Free cash flow	40.5M	87.5M	88.9M	94.8M	108.4M	33.3M	62.6M	-126.9M	56.1M	227.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	12.9M	36.6M	34M	44.7M	17.9M	37.8M	41.1M	52.7M	20.6M	38.7M	40.2M	55.2M
Depreciation & amortization	9.6M	10.3M	10.6M	11.7M	11.4M	10.6M	10.6M	10.9M	10.3M	9.6M	9.5M	13.3M
Stock-based compensation	7.1M	7.3M	7.1M	7.2M	6.4M	8.5M	7.6M	9.5M	6.2M	7.1M	6.6M	6.6M
Change in working capital	2M	-59.6M	-88.2M	-95.6M	-40.9M	-39M	-44.2M	-64.2M	-12.4M	-2.3M	-45.9M	120M
Operating cash flow	31.8M	-6.4M	-36.3M	-45.5M	-5.6M	19M	15.9M	562K	17.1M	62.2M	14.5M	182.1M
Capital expenditure	-5.2M	-3.3M	-4.8M	-8.3M	-7.6M	-5.5M	-4.5M	—	—	—	—	—
Investing cash flow	-5.4M	-8M	1.4M	-8.3M	-83.1M	-5.4M	-4.5M	-1.2M	-92K	0	0	-26.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	0	-80.4M	0	0	0	0	-147M	0	-124.9M
Financing cash flow	-4.3M	78.1M	31.2M	33.1M	111.4M	-26.3M	-82.2M	20M	9.3M	160.1M	-2.5M	-127.4M
Net change in cash	22.1M	63.8M	-3.7M	-20.8M	22.6M	-12.6M	-70.8M	19.3M	26.4M	222.3M	11.9M	28.5M
Free cash flow	7.8M	-31.2M	-61.5M	-42M	-49.2M	42.3M	72.7M	-9.7M	5.7M	50.6M	2.5M	168.5M

OSI Systems, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement