OPXSNasdaqOptical Instruments & LensesFiscal year ends September 28
Optex Systems Holdings Inc
Financials through Q3 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 11, 2026
$9.68−0.14 (-1.48%)
Close on Oct 19, 2026
- Market cap
- $67.10M
- P/E (TTM)
- 17.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
29.2%+5.7 pts over 5 years
Operating margin
17.3%+6.1 pts over 5 years
Net margin
12.5%+5.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +21.6% | +22.7% | +9.8% | +12.3% | |
| Gross profit | +26.5% | +35.0% | +14.6% | +24.2% | |
| Operating income | +47.9% | +63.0% | +19.9% | – | |
| Net income | +36.6% | +58.9% | +23.0% | +26.5% | |
| EPS, diluted | +34.5% | +66.6% | +39.5% | – | |
| Free cash flow | +485.2% | +53.3% | +11.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -2.7% | 13.9% | 23.9% | |
| Return on assets | -1.7% | 9.6% | 18.5% | |
| Current ratio | 4.58 | 3.36 | 5.64 | |
| Interest coverage | -25.3× | 151.7× | -310.1× | |
| Inventory turnover | 2.4× | 2.0× | 2.0× | |
| Capex to revenue | 0.2% | 0.6% | 1.2% | |
| Diluted shares | 2M | 9M | 7M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Optex Systems generated $11.53M from operations and spent $7.68M on capital expenditure, dividends and share buybacks. 27% of that went back into the business.
Generated
$11.53M
Used
$7.68M
Capital expenditure$2.08M27%Dividends$00%Share buybacks$5.60M73%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.5%
×Asset turnover1.49×
×Equity multiplier1.29×
=Return on equity, FY202523.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.5% | 1.49× | 1.29× | 23.9% |
| FY2024 | 11.1% | 1.42× | 1.42× | 22.4% |
| FY2023 | 8.8% | 1.26× | 1.49× | 16.6% |
| FY2022 | 5.7% | 1.14× | 1.40× | 9.1% |
| FY2021 | 11.7% | 0.88× | 1.39× | 14.4% |
| FY2020 | 7.0% | 1.37× | 1.45× | 13.9% |
| FY2019 | 23.1% | 1.62× | 1.63× | 61.1% |
| FY2018 | 6.7% | 1.56× | 2.17× | 22.7% |
| FY2017 | -1.6% | 1.38× | 2.03× | -4.6% |
| FY2016 | -1.2% | 1.42× | 1.58× | -2.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$5.15M
- Cash generatingOperating cash flow above zero$6.93M
- Return on assets improvedROA up on the prior year17.0% → 20.2%
- Earnings backed by cashOperating cash flow above net income$6.93M vs $5.15M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.05 → 5.64
- No dilutionShare count did not rise7M → 7M
- Gross margin improvedGross margin up on the prior year28.03% → 29.17%
- More efficientAsset turnover rose1.53 → 1.62