OSI SYSTEMS INC OSIS

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

OSI Systems, Inc., together with our subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. We sell our products and provide related services in diversified markets, including homeland security, healthcare, defense and aerospace. Our company is incorporated in the State of Delaware and our principal office is located at 12525 Chadron Avenue, Hawthorne, California 90250.

We have three operating divisions: (a) Security, providing security and inspection systems, turnkey security screening solutions, and high-power radio frequency systems; (b) Optoelectronics and Manufacturing, providing specialized electronic components for our Security and Healthcare divisions, as well as to third parties for applications in the defense and aerospace markets, among others; and (c) Healthcare, providing patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories.

Last close 197.48 2026-10-23
Market cap $3.15B 2026-06-30 share count
52-week range 186.50 - 311.72

Valuation FY2026 figures against the last close

P/S1.8x
P/E22.1x
P/FCF12.8x
EV/EBITDA14.5x
Dividend yield—
Diluted EPS8.95

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Apac
  • Other Americas
  • Mexico
  • Other EMEA
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 583.2M (32.7%) 33% United States United Kingdom, FY2026: 503.5M (28.2%) 28% United Kingdom Apac, FY2026: 316.4M (17.7%) 18% Apac Other Americas, FY2026: 205.9M (11.5%) 12% Other Americas Mexico, FY2026: 99.1M (5.6%) 6% Mexico Other EMEA, FY2026: 77.9M (4.4%) 4% FY2025 United States, FY2025: 563M (32.9%) 33% United Kingdom, FY2025: 373M (21.8%) 22% Apac, FY2025: 295.7M (17.3%) 17% Other Americas, FY2025: 155.1M (9.1%) 9% Mexico, FY2025: 276.3M (16.1%) 16% Other EMEA, FY2025: 50M (2.9%) FY2024 United States, FY2024: 527.1M (34.3%) 34% United Kingdom, FY2024: 234.9M (15.3%) 15% Apac, FY2024: 242M (15.7%) 16% Other Americas, FY2024: 61.6M (4.0%) 4% Mexico, FY2024: 423.2M (27.5%) 28% Other EMEA, FY2024: 50M (3.2%)
Region FY2026FY2025FY2024
United States $583.2M $563.0M $527.1M
United Kingdom $503.5M $373.0M $234.9M
Apac $316.4M $295.7M $242.0M
Other Americas $205.9M $155.1M $61.6M
Mexico $99.1M $276.3M $423.2M
Other EMEA $77.9M $50.0M $50.0M

As the company reported it, from the “SEGMENT INFORMATION - By geographical area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.79B$1.71B$1.54B$1.28B$1.18B$1.15B$1.17B$1.18B$1.09B$961.0M
Cost of revenue $1.19B$1.13B$1.01B$847.9M$758.8M$727.0M$745.4M$751.5M$697.6M$637.5M
Gross profit $593.1M$587.2M$530.5M$430.5M$424.4M$419.9M$420.6M$430.6M$391.7M$323.5M
R&D $79.1M$73.4M$65.3M$59.4M$59.6M$53.7M$57.3M$56.5M$61.2M$51.0M
SG&A $278.4M$290.9M$269.7M$228.3M$235.6M$240.7M$252.0M$262.5M$239.6M$192.6M
Total operating expenses $374.1M$369.7M$341.4M$295.2M$302.7M$304.5M$315.8M$322.8M$335.7M$290.2M
Operating income $219.0M$217.5M$189.1M$135.3M$121.7M$115.4M$104.9M$107.8M$55.9M$33.3M
Interest expense $26.2M$31.4M$27.8M————$21.6M$19.3M$9.6M
Pre-tax income $192.7M$186.1M$161.2M$115.2M$140.2M$98.6M$86.1M$86.2M$36.9M$25.8M
Income tax $38.0M$36.5M$33.1M$23.5M$24.8M$24.6M$10.9M$21.4M$66.0M$4.7M
Net income $154.7M$149.6M$128.2M$91.8M$115.3M$74.0M$75.3M$64.8M-$29.1M$21.1M
EPS, basic 9.338.937.555.456.574.124.143.58-1.571.12
EPS, diluted 8.958.717.385.346.454.034.053.46-1.571.07
Shares, diluted (wtd. avg.) 17.3M17.2M17.4M17.2M17.9M18.4M18.6M18.7M18.6M19.7M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $359.8M$106.4M$95.4M$76.8M$64.2M$80.6M$76.1M$96.3M$84.8M$169.7M
Receivables $764.6M$837.7M$648.2M$380.8M$308.0M$290.7M$269.8M$238.4M$210.7M$206.5M
Inventory $415.6M$407.2M$397.9M$338.0M$333.9M$294.2M$241.2M$273.7M$313.6M$248.5M
Total current assets $1.61B$1.42B$1.22B$839.9M$746.1M$709.4M$617.7M$640.9M$650.7M$653.0M
Property, plant and equipment $129.9M$126.7M$114.0M$108.9M$109.7M$118.0M$127.9M$127.4M$115.5M$141.5M
Goodwill $406.7M$387.4M$351.5M$349.5M$336.4M$320.3M$310.6M$307.1M$292.2M$242.1M
Other intangibles $192.4M$183.3M$139.5M$140.9M$138.4M$127.6M$128.3M$133.0M$142.0M$118.5M
Total assets $2.50B$2.24B$1.94B$1.56B$1.44B$1.38B$1.27B$1.26B$1.26B$1.23B
Accounts payable $169.0M$205.2M$191.1M$139.0M$125.2M$141.3M$84.9M$93.5M$106.9M$76.1M
Short-term debt $2.5M$8.1M$8.2M$8.1M$244.6M$846.0K$926.0K$804.0K$2.3M$2.4M
Total current liabilities $511.1M$696.9M$814.6M$571.7M$614.0M$344.8M$330.1M$382.0M$443.3M$346.1M
Long-term debt $998.5M$463.5M$129.4M$136.5M$48.7M$276.4M$267.1M$257.8M$249.0M$241.8M
Total liabilities $1.67B$1.29B$1.07B$829.5M$804.7M$744.5M$696.4M$713.1M$766.3M$660.9M
Retained earnings $852.1M$942.3M$861.2M$736.0M$663.9M$548.8M$474.8M$399.5M$334.7M$363.9M
Total equity $833.0M$951.1M$863.5M$726.2M$638.4M$639.8M$572.2M$551.7M$489.4M$569.2M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $275.9M$97.6M-$87.5M$94.8M$63.8M$139.1M$129.2M$119.1M$133.1M$62.8M
Depreciation and amortisation $42.6M$43.6M$42.2M$38.5M$38.7M$43.9M$49.8M$56.2M$69.8M$68.2M
Stock-based compensation $26.4M$32.0M$28.7M$29.1M$28.1M$26.8M$23.8M$25.3M$23.8M$26.1M
Capital expenditure $30.6M$23.8M$22.1M$15.8M$14.9M$16.9M$21.1M$27.4M$43.2M$17.1M
Investing cash flow -$68.3M-$117.9M-$37.6M-$40.5M-$12.7M-$34.7M-$42.7M-$48.5M-$145.8M-$198.0M
Financing cash flow $46.7M$30.8M$144.2M-$37.2M-$64.0M-$103.9M-$104.7M-$58.3M-$72.1M$200.9M
Buybacks $271.9M$80.4M$0$34.7M$111.6M$37.5M$51.8M$21.0M$62.9M$48.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-099752.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2017: 961M Gross profit, FY2017: 323.5M Net income, FY2017: 21.1M Revenue, FY2018: 1.1B Gross profit, FY2018: 391.7M Net income, FY2018: -29.1M Revenue, FY2019: 1.2B Gross profit, FY2019: 430.6M Net income, FY2019: 64.8M Revenue, FY2020: 1.2B Gross profit, FY2020: 420.6M Net income, FY2020: 75.3M Revenue, FY2021: 1.1B Gross profit, FY2021: 419.9M Net income, FY2021: 74M Revenue, FY2022: 1.2B Gross profit, FY2022: 424.4M Net income, FY2022: 115.3M Revenue, FY2023: 1.3B Gross profit, FY2023: 430.5M Net income, FY2023: 91.8M Revenue, FY2024: 1.5B Gross profit, FY2024: 530.5M Net income, FY2024: 128.2M Revenue, FY2025: 1.7B Gross profit, FY2025: 587.2M Net income, FY2025: 149.6M Revenue, FY2026: 1.8B Gross profit, FY2026: 593.1M Net income, FY2026: 154.7M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $961.0M $1.09B $1.18B $1.17B $1.15B $1.18B $1.28B $1.54B $1.71B $1.79B
Gross profit $323.5M $391.7M $430.6M $420.6M $419.9M $424.4M $430.5M $530.5M $587.2M $593.1M
Net income $21.1M -$29.1M $64.8M $75.3M $74.0M $115.3M $91.8M $128.2M $149.6M $154.7M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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