NASDAQ : OSIS
OSI Systems, Inc. — Financial statements
Technology · Electronic Components · United States
Last price 208.17 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.27B
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Financial statements
OSI Systems, Inc. (OSIS) reported revenue of 1.80B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.80B | 1.79B | 1.71B | 1.54B | 1.28B | 1.18B |
| Cost of Revenue | 1.21B | 1.19B | 1.13B | 1.01B | 847.92M | 758.81M |
| Gross Profit | 593.71M | 593.09M | 587.18M | 530.46M | 430.51M | 424.43M |
| Selling, General & Admin | 290.26M | 288.51M | 290.88M | 269.73M | 228.31M | 235.55M |
| Research & Development | 78.14M | 79.14M | 73.44M | 65.28M | 59.35M | 59.58M |
| Operating Expenses | 368.40M | 367.65M | 364.32M | 335.01M | 287.67M | 295.14M |
| Operating Income | 225.30M | 225.44M | 222.86M | 195.45M | 142.84M | 129.29M |
| Interest Expense | -22.15M | -26.22M | -31.43M | -27.85M | -20.04M | -8.96M |
| EBT Excluding Unusual Items | 203.16M | 199.22M | 191.43M | 167.60M | 122.80M | 120.33M |
| Merger & Restructuring Charges | -7.94M | -7.50M | -4.06M | -5.62M | -3.66M | -1.43M |
| Gain (Loss) on Sale of Assets | 27.37M | |||||
| Asset Writedown | -1.15M | -1.15M | -1.01M | |||
| Legal Settlements | -1.87M | -1.54M | -1.27M | -775.00K | -3.91M | -5.10M |
| Other Unusual Items | 5.13M | 3.72M | ||||
| Pretax Income | 197.32M | 192.75M | 186.09M | 161.21M | 115.24M | 140.16M |
| Income Tax Expense | 38.59M | 38.03M | 36.46M | 33.06M | 23.46M | 24.81M |
| Net Income | 158.73M | 154.71M | 149.64M | 128.15M | 91.78M | 115.35M |
| Net Income to Common | 158.73M | 154.71M | 149.64M | 128.15M | 91.78M | 115.35M |
| Shares Outstanding (Basic) | 16.33M | 16.58M | 16.76M | 16.98M | 16.83M | 17.55M |
| Shares Outstanding (Diluted) | 16.97M | 17.28M | 17.18M | 17.35M | 17.19M | 17.87M |
| EPS (Basic) | 9.72 | 9.33 | 8.93 | 7.55 | 5.45 | 6.57 |
| EPS (Diluted) | 9.34 | 8.95 | 8.71 | 7.38 | 5.34 | 6.45 |
| Free Cash Flow | 264.66M | 245.33M | 73.76M | -109.60M | 79.00M | 48.89M |
| Free Cash Flow Per Share | 15.59 | 14.20 | 4.29 | -6.32 | 4.60 | 2.74 |
| Gross Margin | 32.90% | 33.21% | 34.27% | 34.47% | 33.67% | 35.87% |
| Operating Margin | 12.48% | 12.62% | 13.01% | 12.70% | 11.17% | 10.93% |
| Profit Margin | 8.79% | 8.66% | 8.73% | 8.33% | 7.18% | 9.75% |
| Free Cash Flow Margin | 14.66% | 13.74% | 4.30% | -7.12% | 6.18% | 4.13% |
| EBITDA | 266.73M | 268.09M | 266.44M | 237.66M | 181.36M | 167.97M |
| EBITDA Margin | 14.78% | 15.01% | 15.55% | 15.45% | 14.19% | 14.20% |
| D&A For EBITDA | 41.43M | 42.65M | 43.58M | 42.21M | 38.51M | 38.68M |
| EBIT | 225.30M | 225.44M | 222.86M | 195.45M | 142.84M | 129.29M |
| EBIT Margin | 12.48% | 12.62% | 13.01% | 12.70% | 11.17% | 10.93% |
| Effective Tax Rate | 19.56% | 19.73% | 19.59% | 20.51% | 20.36% | 17.70% |
| Revenue as Reported | 1.80B | 1.79B | 1.71B | 1.54B | 1.28B | 1.18B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 236.30M | 359.83M | 106.41M | 95.35M | 76.75M | 64.20M |
| Cash & Short-Term Investments | 302.00M | 359.83M | 106.41M | 95.35M | 76.75M | 64.20M |
| Accounts Receivable | 746.86M | 764.63M | 837.74M | 648.15M | 380.85M | 307.97M |
| Other Receivables | 16.35M | 10.96M | 13.35M | 7.22M | 7.84M | |
| Receivables | 746.86M | 780.98M | 848.70M | 661.50M | 388.06M | 315.82M |
| Inventory | 463.37M | 415.56M | 407.17M | 397.94M | 338.01M | 333.91M |
| Prepaid Expenses | 74.84M | 55.32M | 60.58M | 60.73M | 33.82M | 32.22M |
| Other Current Assets | 3.26M | |||||
| Total Current Assets | 1.59B | 1.61B | 1.42B | 1.22B | 839.90M | 746.14M |
| Property, Plant & Equipment | 186.44M | 177.82M | 158.79M | 144.01M | 141.55M | 149.15M |
| Long-Term Investments | 346.00K | 503.00K | 932.00K | 4.74M | 5.37M | |
| Goodwill | 407.63M | 406.68M | 387.39M | 351.48M | 349.50M | 336.36M |
| Other Intangible Assets | 194.66M | 192.35M | 183.29M | 139.53M | 140.86M | 138.37M |
| Long-Term Deferred Tax Assets | 19.92M | 14.20M | 13.68M | 4.24M | 3.84M | |
| Other Long-Term Assets | 113.30M | 93.49M | 73.80M | 67.05M | 74.26M | 69.29M |
| Total Assets | 2.49B | 2.50B | 2.24B | 1.94B | 1.56B | 1.44B |
| Accounts Payable | 190.27M | 168.98M | 205.18M | 191.15M | 139.01M | 125.20M |
| Accrued Expenses | 188.51M | 169.81M | 125.66M | 104.01M | 162.50M | 144.85M |
| Short-Term Debt | 178.00M | 384.00M | 215.00M | 60.00M | ||
| Current Portion of Long-Term Debt | 1.27M | 2.50M | 8.13M | 8.17M | 8.08M | 244.57M |
| Current Portion of Leases | 13.77M | 13.15M | 11.71M | 9.71M | 9.79M | 9.70M |
| Current Income Taxes Payable | 23.27M | 22.29M | 17.32M | 13.69M | 7.72M | |
| Current Unearned Revenue | 155.17M | 133.43M | 145.97M | 100.29M | 21.25M | 19.92M |
| Other Current Liabilities | 2.38M | 1.98M | ||||
| Total Current Liabilities | 549.00M | 511.13M | 696.94M | 814.64M | 571.69M | 613.95M |
| Long-Term Debt | 998.29M | 998.42M | 463.50M | 129.38M | 136.49M | 48.67M |
| Long-Term Leases | 41.49M | 35.77M | 20.98M | 21.13M | 23.73M | 30.36M |
| Pension & Post-Retirement Benefits | 10.64M | 6.72M | 8.20M | 8.79M | ||
| Long-Term Deferred Tax Liabilities | 5.14M | 5.46M | 3.33M | 3.29M | 6.57M | 11.11M |
| Other Long-Term Liabilities | 93.55M | 108.06M | 98.70M | 95.89M | 82.24M | 100.63M |
| Total Liabilities | 1.71B | 1.67B | 1.29B | 1.07B | 829.52M | 804.73M |
| Common Stock | 16.00K | 17.00K | 29.76M | 24.29M | 9.84M | 17.00K |
| Retained Earnings | 804.42M | 852.12M | 942.25M | 861.23M | 735.96M | 663.87M |
| Comprehensive Income & Other | -21.59M | -19.17M | -20.93M | -22.04M | -19.63M | -25.46M |
| Shareholders' Equity | 782.84M | 832.96M | 951.08M | 863.48M | 726.16M | 638.42M |
| Total Liabilities & Equity | 2.49B | 2.50B | 2.24B | 1.94B | 1.56B | 1.44B |
| Total Debt | 1.05B | 1.05B | 682.32M | 552.38M | 393.09M | 393.31M |
| Net Cash (Debt) | -752.83M | -690.01M | -575.92M | -457.03M | -316.34M | -329.10M |
| Net Cash Per Share | -44.35 | -39.93 | -33.53 | -26.34 | -18.40 | -18.42 |
| Filing Date Shares Outstanding | 15.73M | 15.94M | 16.83M | 16.57M | 16.80M | 16.91M |
| Total Common Shares Outstanding | 15.73M | 15.92M | 16.79M | 17.06M | 16.76M | 16.87M |
| Working Capital | 1.04B | 1.10B | 725.92M | 400.89M | 268.21M | 132.19M |
| Book Value Per Share | 49.77 | 52.33 | 56.63 | 50.63 | 43.34 | 37.84 |
| Tangible Book Value | 180.56M | 233.93M | 380.40M | 372.47M | 235.80M | 163.70M |
| Tangible Book Value Per Share | 11.48 | 14.70 | 22.65 | 21.84 | 14.07 | 9.70 |
| Land | 15.45M | 15.45M | 16.09M | 15.49M | 15.69M | 15.03M |
| Buildings | 51.09M | 51.15M | 55.56M | 48.55M | 49.17M | 47.31M |
| Machinery | 191.38M | 188.02M | 182.50M | 172.76M | 163.45M | 153.22M |
| Construction In Progress | 19.53M | 19.06M | 11.84M | 13.50M | 13.81M | 14.71M |
| Leasehold Improvements | 19.19M | 15.39M | 14.64M | 13.57M | 13.55M | 11.60M |
| Order Backlog | 1.90B | 1.80B |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 158.73M | 154.71M | 149.64M | 128.15M | 91.78M | 115.35M |
| Depreciation & Amortization | 41.43M | 42.65M | 43.58M | 42.21M | 38.51M | 38.68M |
| Other Amortization | 3.79M | 3.21M | 1.68M | 196.00K | 1.34M | |
| Loss (Gain) From Sale of Assets | -27.37M | |||||
| Asset Writedown & Restructuring Costs | 1.01M | |||||
| Stock-Based Compensation | 26.20M | 26.43M | 31.96M | 28.71M | 29.12M | 28.07M |
| Provision & Write-off of Bad Debts | 3.43M | 4.13M | -617.00K | 5.57M | -3.90M | -5.98M |
| Other Operating Activities | -863.00K | -916.00K | -8.89M | -14.04M | -3.73M | 2.19M |
| Change in Accounts Receivable | 91.97M | 98.67M | -164.72M | -293.64M | -66.09M | -13.71M |
| Change in Inventory | -11.47M | -10.36M | -9.70M | -57.29M | -115.00K | -44.66M |
| Change in Accounts Payable | -26.31M | -35.85M | 7.88M | 52.45M | 10.76M | -15.05M |
| Change in Unearned Revenue | -419.00K | -14.23M | 40.36M | 35.73M | 11.80M | -18.42M |
| Change in Other Net Operating Assets | 9.38M | 7.46M | 6.42M | -15.36M | -13.53M | 2.37M |
| Operating Cash Flow | 295.86M | 275.90M | 97.59M | -87.50M | 94.81M | 63.81M |
| Capital Expenditures | -31.20M | -30.57M | -23.83M | -22.10M | -15.81M | -14.92M |
| Sale of Property, Plant & Equipment | 5.90M | 6.49M | 275.00K | 510.00K | 347.00K | 34.13M |
| Cash Acquisitions | -26.18M | -26.27M | -76.74M | -9.05M | -7.10M | -14.13M |
| Sale (Purchase) of Intangibles | -19.46M | -17.98M | -17.66M | -17.33M | -16.44M | -15.57M |
| Investment in Securities | -65.49M | 18.00K | 110.00K | 10.33M | -1.45M | -2.19M |
| Investing Cash Flow | -136.42M | -68.31M | -117.85M | -37.64M | -40.46M | -12.67M |
| Short-Term Debt Issued | 169.00M | 155.00M | 60.00M | |||
| Long-Term Debt Issued | 663.04M | 340.68M | 1.44M | 100.77M | 50.39M | |
| Total Debt Issued | 488.88M | 663.04M | 340.68M | 170.44M | 255.77M | 110.39M |
| Short-Term Debt Repaid | -178.00M | -206.00M | ||||
| Long-Term Debt Repaid | -136.83M | -8.28M | -8.45M | -249.84M | -46.07M | |
| Total Debt Repaid | -187.43M | -314.83M | -214.28M | -8.45M | -249.84M | -46.07M |
| Net Debt Issued (Repaid) | 301.46M | 348.21M | 126.40M | 161.99M | 5.92M | 64.31M |
| Issuance of Common Stock | 7.49M | 7.28M | 8.01M | 6.18M | 7.71M | 4.80M |
| Repurchase of Common Stock | -355.18M | -308.30M | -103.11M | -23.31M | -46.70M | -131.06M |
| Other Financing Activities | -774.00K | -486.00K | -477.00K | -602.00K | -4.10M | -2.06M |
| Financing Cash Flow | -47.00M | 46.70M | 30.82M | 144.25M | -37.17M | -64.01M |
| Foreign Exchange Rate Adjustments | -554.00K | -869.00K | 489.00K | -507.00K | -4.63M | -3.54M |
| Net Cash Flow | 111.88M | 253.43M | 11.05M | 18.60M | 12.55M | -16.41M |
| Free Cash Flow | 264.66M | 245.33M | 73.76M | -109.60M | 79.00M | 48.89M |
| Free Cash Flow Margin | 14.66% | 13.74% | 4.30% | -7.12% | 6.18% | 4.13% |
| Free Cash Flow Per Share | 15.59 | 14.20 | 4.29 | -6.32 | 4.60 | 2.74 |
| Levered Free Cash Flow | 227.21M | 209.24M | 45.42M | -146.85M | 70.27M | 22.92M |
| Unlevered Free Cash Flow | 237.26M | 222.42M | 63.38M | -129.44M | 82.60M | 27.18M |
| Cash Interest Paid | 20.15M | 20.50M | 26.84M | 26.76M | 20.28M | 6.98M |
| Cash Income Tax Paid | 49.65M | 43.00M | 39.90M | 42.10M | 19.44M | 16.66M |
| Change in Working Capital | 63.14M | 45.69M | -119.76M | -278.11M | -57.17M | -89.48M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.13B | 3.60B | 3.78B | 2.34B | 1.97B | 1.46B |
| Enterprise Value | 3.88B | 4.30B | 4.34B | 2.76B | 2.30B | 1.78B |
| Last Close Price | 198.90 | 218.70 | 224.86 | 137.52 | 117.83 | 85.44 |
| PE Ratio | 21.29 | 23.30 | 25.23 | 18.30 | 21.48 | 12.62 |
| Forward PE | 16.93 | 19.70 | 22.73 | 16.35 | 16.62 | 13.75 |
| PS Ratio | 1.73 | 2.02 | 2.20 | 1.52 | 1.54 | 1.23 |
| PB Ratio | 4.00 | 4.33 | 3.97 | 2.71 | 2.71 | 2.28 |
| P/TBV Ratio | 17.33 | 15.41 | 9.92 | 6.29 | 8.36 | 8.90 |
| P/FCF Ratio | 11.82 | 14.69 | 51.18 | 24.95 | 29.79 | |
| P/OCF Ratio | 10.57 | 13.06 | 38.68 | 20.79 | 22.82 | |
| PEG Ratio | 1.41 | 1.68 | 1.89 | 1.42 | 1.45 | 1.20 |
| EV/Sales Ratio | 2.15 | 2.41 | 2.53 | 1.79 | 1.80 | 1.51 |
| EV/EBITDA Ratio | 14.55 | 16.06 | 16.29 | 11.62 | 12.69 | 10.61 |
| EV/EBIT Ratio | 17.23 | 19.09 | 19.48 | 14.13 | 16.11 | 13.78 |
| EV/FCF Ratio | 14.66 | 17.55 | 58.84 | 29.13 | 36.44 | |
| Debt / Equity Ratio | 1.35 | 1.26 | 0.72 | 0.64 | 0.54 | 0.62 |
| Debt / EBITDA Ratio | 3.70 | 3.68 | 2.42 | 2.20 | 2.02 | 2.18 |
| Debt / FCF Ratio | 3.99 | 4.28 | 9.25 | 4.98 | 8.04 | |
| Net Debt / Equity Ratio | 0.96 | 0.83 | 0.61 | 0.53 | 0.44 | 0.52 |
| Net Debt / EBITDA Ratio | 2.82 | 2.57 | 2.16 | 1.92 | 1.74 | 1.96 |
| Net Debt / FCF Ratio | 2.85 | 2.81 | 7.81 | -4.17 | 4.00 | 6.73 |
| Asset Turnover | 0.75 | 0.75 | 0.82 | 0.88 | 0.85 | 0.84 |
| Inventory Turnover | 2.64 | 2.90 | 2.80 | 2.74 | 2.52 | 2.42 |
| Quick Ratio | 1.91 | 2.23 | 1.37 | 0.93 | 0.81 | 0.62 |
| Current Ratio | 2.89 | 3.15 | 2.04 | 1.49 | 1.47 | 1.22 |
| Return on Equity (ROE) | 18.36% | 17.34% | 16.49% | 16.12% | 13.45% | 18.05% |
| Return on Assets (ROA) | 5.88% | 5.94% | 6.67% | 7.00% | 5.95% | 5.72% |
| Return on Invested Capital (ROIC) | 11.85% | 11.87% | 12.59% | 13.15% | 11.32% | 11.64% |
| Return on Capital Employed (ROCE) | 11.60% | 11.30% | 14.40% | 17.40% | 14.50% | 15.60% |
| Earnings Yield | 4.70% | 4.29% | 3.96% | 5.47% | 4.66% | 7.92% |
| FCF Yield | 8.46% | 6.81% | 1.95% | -4.67% | 4.01% | 3.36% |
| Buyback Yield / Dilution | 1.78% | -0.59% | 1.01% | -0.95% | 3.81% | 2.82% |