OSISNasdaqSemiconductors & Related DevicesFiscal year ends June 30
OSI SYSTEMS INC
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 21, 2026
$193.97−1.01 (-0.52%)
Close on Oct 19, 2026
- Market cap
- $3.27B
- P/E (TTM)
- 21.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
33.2%−3.4 pts over 5 years
Operating margin
12.3%+2.2 pts over 5 years
Net margin
8.7%
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.3% | +11.8% | +9.3% | +8.0% | |
| Gross profit | +1.0% | +11.3% | +7.1% | +7.9% | |
| Operating income | +0.7% | +17.4% | +13.7% | +19.0% | |
| Net income | +3.4% | +19.0% | – | – | |
| EPS, diluted | +2.8% | +18.8% | +17.3% | +21.3% | |
| Free cash flow | +232.6% | +45.9% | +15.0% | +19.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 17.3% | |
| Return on assets | – | – | 6.5% | |
| Current ratio | 1.89 | 2.06 | 3.15 | |
| Debt to equity | 0.43 | 0.43 | 1.20 | |
| Net debt to EBITDA | 0.73× | 1.24× | 2.45× | |
| Interest coverage | 3.5× | – | 8.3× | |
| Inventory turnover | 2.4× | 2.7× | 2.9× | |
| Capex to revenue | 1.8% | 1.5% | 1.7% | |
| Diluted shares | 20M | 18M | 17M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Osi Systems generated $619.62M from operations and spent $605.96M on capital expenditure, dividends and share buybacks. 18% of that went back into the business.
Generated
$619.62M
Used
$605.96M
Capital expenditure$107.24M18%Dividends$00%Share buybacks$498.72M82%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.7%
×Asset turnover0.75×
×Equity multiplier2.66×
=Return on equity, FY202617.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 8.7% | 0.75× | 2.66× | 17.3% |
| FY2025 | 8.7% | 0.82× | 2.30× | 16.5% |
| FY2024 | 8.3% | 0.88× | 2.20× | 16.1% |
| FY2023 | 7.2% | 0.85× | 2.20× | 13.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$154.71M
- Cash generatingOperating cash flow above zero$275.90M
- Return on assets improvedROA up on the prior year7.7% → 6.9%
- Earnings backed by cashOperating cash flow above net income$275.90M vs $154.71M
- Less leverageLong-term debt to assets fell20.7% → 39.9%
- Better liquidityCurrent ratio rose2.04 → 3.15
- No dilutionShare count did not rise17M → 17M
- Gross margin improvedGross margin up on the prior year34.27% → 33.21%
- More efficientAsset turnover rose0.88 → 0.80