What is Optex Systems's earnings per share (EPS)?

Optex Systems (OPXS) reported diluted earnings per share of $0.74 for fiscal year 2025. This represents a 34.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Optex Systems Financials

OPXS

Source SEC Filings (10-K/10-Q) Updated Feb 11, 2026 Currency USD FYE September

This page shows Optex Systems (OPXS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 75/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Optex Systems has an operating margin of 17.3%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 14.2% the prior year.

Growth

Optex Systems's revenue surged 21.6% year-over-year to $41.3M, reflecting rapid business expansion. This strong growth earns a score of 69/100.

Leverage

Optex Systems carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.64, Optex Systems holds $5.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Optex Systems has a free cash flow margin of 15.6%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Optex Systems's ROE of 21.2% shows moderate profitability relative to equity, earning a score of 58/100. This is up from 20.0% the prior year.

Altman Z-Score Safe

12.96

Optex Systems scores 12.96, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($94.6M) relative to total liabilities ($5.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

7/9

Optex Systems passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.35x

For every $1 of reported earnings, Optex Systems generates $1.35 in operating cash flow ($6.9M OCF vs $5.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

310.1x

Optex Systems earns $310.1 in operating income for every $1 of interest expense ($7.1M vs $23K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$41.3M

YoY+21.6%

5Y CAGR+9.8%

10Y CAGR+12.3%

Optex Systems generated $41.3M in revenue in fiscal year 2025. This represents an increase of 21.6% from the prior year.

EBITDA

$7.6M

YoY+44.1%

5Y CAGR+19.6%

Optex Systems's EBITDA was $7.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 44.1% from the prior year.

Net Income

$5.1M

YoY+36.6%

5Y CAGR+23.0%

10Y CAGR+26.5%

Optex Systems reported $5.1M in net income in fiscal year 2025. This represents an increase of 36.6% from the prior year.

EPS (Diluted)

$0.74

YoY+34.5%

5Y CAGR+39.5%

Optex Systems earned $0.74 per diluted share (EPS) in fiscal year 2025. This represents an increase of 34.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$6.4M

YoY+485.2%

5Y CAGR+11.4%

Optex Systems generated $6.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 485.2% from the prior year.

Cash & Debt

$6.4M

YoY+533.2%

5Y CAGR+6.3%

10Y CAGR+25.1%

Optex Systems held $6.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.7%

5Y CAGR-4.5%

Optex Systems had 7M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin

29.2%

YoY+1.1pp

5Y CAGR+5.7pp

10Y CAGR+18.5pp

Optex Systems's gross margin was 29.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.

Operating Margin

17.3%

YoY+3.1pp

5Y CAGR+6.1pp

10Y CAGR+28.3pp

Optex Systems's operating margin was 17.3% in fiscal year 2025, reflecting core business profitability. This is up 3.1 percentage points from the prior year.

Net Margin

12.4%

YoY+1.4pp

5Y CAGR+5.4pp

10Y CAGR+8.7pp

Optex Systems's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity

21.2%

YoY+1.2pp

5Y CAGR+8.1pp

10Y CAGR+15.2pp

Optex Systems's ROE was 21.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$494K

YoY-27.5%

5Y CAGR+26.6%

10Y CAGR-13.5%

Optex Systems invested $494K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 27.5% from the prior year.

OPXS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$41.3M+21.6%	$34.0M+32.5%	$25.7M+14.6%	$22.4M+22.8%	$18.2M-29.6%	$25.9M
Cost of Revenue	$29.3M+19.7%	$24.5M+28.5%	$19.0M+8.9%	$17.5M+11.4%	$15.7M-20.7%	$19.8M
Gross Profit	$12.1M+26.5%	$9.5M+44.0%	$6.6M+35.2%	$4.9M+94.3%	$2.5M-58.6%	$6.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.9M+4.6%	$4.7M+22.9%	$3.8M+17.9%	$3.3M+7.8%	$3.0M-6.0%	$3.2M
Operating Income	$7.1M+47.9%	$4.8M+73.0%	$2.8M+69.2%	$1.6M+433.4%	-$494K-117.1%	$2.9M
Interest Expense	-$23K-148.9%	$47K-14.5%	$55K	$0-100.0%	$11K-42.1%	$19K
Income Tax	$1.2M+19.7%	$1.0M+114.5%	$469K+28.8%	$364K+460.4%	-$101K-119.0%	$531K
Net Income	$5.1M+36.6%	$3.8M+66.5%	$2.3M+76.4%	$1.3M-39.8%	$2.1M+16.8%	$1.8M
EPS (Diluted)	$0.74+34.5%	$0.55+61.8%	$0.34+112.5%	$0.16-11.1%	$0.18+28.6%	$0.14

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$9K-99.9%	$9.1M-19.1%	$11.3M+1.7%	$11.1M+3.5%	$10.7M+30.9%	$8.2M-13.2%	$9.4M+4.2%	$9.1M
Cost of Revenue	$7K-99.9%	$7.0M-10.8%	$7.9M-0.5%	$7.9M+7.8%	$7.4M+21.4%	$6.1M-13.7%	$7.0M+13.9%	$6.2M
Gross Profit	$2K-99.9%	$2.1M-38.4%	$3.4M+7.3%	$3.2M-5.7%	$3.4M+57.9%	$2.1M-11.6%	$2.4M-16.5%	$2.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2K-99.9%	$1.9M+46.2%	$1.3M+6.0%	$1.3M+11.8%	$1.1M-7.3%	$1.2M+9.2%	$1.1M-12.3%	$1.3M
Operating Income	$149-99.9%	$149K-92.8%	$2.1M+8.2%	$1.9M-14.6%	$2.2M+144.2%	$916K-29.4%	$1.3M-19.7%	$1.6M
Interest Expense	$13-100.0%	$48K	N/A	N/A	$1K-92.3%	$13K-7.1%	$14K-17.6%	$17K
Income Tax	$45+100.1%	-$45K-116.4%	$274K-31.7%	$401K-14.7%	$470K+696.6%	$59K-78.1%	$269K-20.2%	$337K
Net Income	$242-99.9%	$242K-76.4%	$1.0M-32.1%	$1.5M-14.6%	$1.8M+109.5%	$844K-16.8%	$1.0M-19.6%	$1.3M
EPS (Diluted)	$0.030.0%	$0.03	N/A	$0.22-15.4%	$0.26+116.7%	$0.12	N/A	$0.18

OPXS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$30.1M+17.8%	$25.5M+14.0%	$22.4M+15.6%	$19.4M-9.3%	$21.4M+5.0%	$20.3M
Current Assets	$25.7M+28.1%	$20.1M+12.1%	$17.9M+25.5%	$14.3M-7.7%	$15.5M-7.3%	$16.7M
Cash & Equivalents	$6.4M+533.2%	$1.0M-57.5%	$2.4M+85.4%	$1.3M-75.8%	$5.3M+12.4%	$4.7M
Inventory	$14.3M-3.6%	$14.9M+17.2%	$12.7M+17.5%	$10.8M+36.4%	$7.9M-9.9%	$8.8M
Accounts Receivable	$4.6M+21.4%	$3.8M+54.9%	$2.4M+51.4%	$1.6M-20.1%	$2.0M-31.9%	$3.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.8M-14.1%	$6.7M-4.3%	$7.0M-2.2%	$7.2M+27.3%	$5.6M-11.6%	$6.4M
Current Liabilities	$4.6M-7.9%	$5.0M+1.9%	$4.9M+7.4%	$4.5M+76.7%	$2.6M-48.4%	$5.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.3M+29.2%	$18.8M+22.3%	$15.4M+26.0%	$12.2M-22.4%	$15.7M+12.5%	$14.0M
Retained Earnings	$2.5M+193.2%	-$2.7M+55.6%	-$6.0M+32.7%	-$8.9M+10.4%	-$9.9M+17.8%	-$12.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$30K-99.9%	$30.2M+0.5%	$30.1M+3.0%	$29.2M+6.2%	$27.5M+10.8%	$24.8M-2.8%	$25.5M+2.6%	$24.9M
Current Assets	$26K-99.9%	$25.5M-0.8%	$25.7M+6.5%	$24.1M+8.4%	$22.3M+15.1%	$19.4M-3.5%	$20.1M+3.0%	$19.5M
Cash & Equivalents	$6K-99.9%	$5.8M-8.6%	$6.4M+31.2%	$4.9M+37.9%	$3.5M+41.8%	$2.5M+146.9%	$1.0M+107.6%	$486K
Inventory	$15K-99.9%	$15.0M+4.5%	$14.3M-1.3%	$14.5M+4.3%	$13.9M-5.1%	$14.7M-1.3%	$14.9M-1.7%	$15.1M
Accounts Receivable	$4K-99.9%	$4.4M-4.7%	$4.6M+10.4%	$4.1M-2.3%	$4.2M+144.4%	$1.7M-53.9%	$3.8M+13.3%	$3.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5K-99.9%	$5.5M-5.2%	$5.8M-4.6%	$6.0M+2.6%	$5.9M+16.4%	$5.1M-24.6%	$6.7M-5.9%	$7.1M
Current Liabilities	$4K-99.9%	$4.3M-4.6%	$4.6M-3.0%	$4.7M+6.7%	$4.4M+28.2%	$3.4M-30.5%	$5.0M-5.5%	$5.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$25K-99.9%	$24.7M+1.9%	$24.3M+5.0%	$23.1M+7.2%	$21.6M+9.3%	$19.7M+5.0%	$18.8M+6.1%	$17.7M
Retained Earnings	$3K-99.9%	$2.7M+9.7%	$2.5M+70.3%	$1.5M+2903.8%	-$52K+97.1%	-$1.8M+31.7%	-$2.7M+27.6%	-$3.7M

OPXS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$6.9M+289.2%	$1.8M+701.7%	-$296K-114.5%	$2.0M+324.5%	$481K-87.7%	$3.9M
Capital Expenditures	$494K-27.5%	$681K+81.1%	$376K+46.3%	$257K-6.2%	$274K+80.3%	$152K
Free Cash Flow	$6.4M+485.2%	$1.1M+263.7%	-$672K-137.6%	$1.8M+762.3%	$207K-94.5%	$3.8M
Investing Cash Flow	-$504K+70.9%	-$1.7M-360.4%	-$376K-46.3%	-$257K+6.2%	-$274K-80.3%	-$152K
Financing Cash Flow	-$1.0M-327.3%	-$245K-126.0%	$942K+119.8%	-$4.8M-371.8%	-$1.0M-692.9%	-$127K
Dividends Paid	$0	$0	$0	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$4.7M+444.5%	$869K+334.5%	$200K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$92+100.1%	-$92K-105.9%	$1.6M+13.0%	$1.4M+16.8%	$1.2M-57.7%	$2.8M+272.0%	$753K+1406.0%	$50K
Capital Expenditures	$456-99.9%	$456K+1012.2%	$41K	$0-100.0%	$134K-58.0%	$319K+53.4%	$208K-32.0%	$306K
Free Cash Flow	-$364+99.9%	-$548K-136.0%	$1.5M+10.1%	$1.4M+31.7%	$1.1M-57.7%	$2.5M+355.4%	$545K+312.9%	-$256K
Investing Cash Flow	$456+100.1%	-$456K-1012.2%	-$41K	$0+100.0%	-$144K+54.9%	-$319K-39.9%	-$228K+25.5%	-$306K
Financing Cash Flow	$1K	N/A	-$4K+90.7%	-$43K	$0+100.0%	-$1.0M-49900.0%	-$2K-100.5%	$421K
Dividends Paid	N/A	$0	$0	$0	$0	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

OPXS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	29.2%+1.1pp	28.0%+2.2pp	25.8%+3.9pp	21.9%+8.0pp	13.8%-9.7pp	23.5%
Operating Margin	17.3%+3.1pp	14.2%+3.3pp	10.9%+3.5pp	7.4%+10.1pp	-2.7%-13.9pp	11.1%
Net Margin	12.4%+1.4pp	11.1%+2.3pp	8.8%+3.1pp	5.7%-6.0pp	11.7%+4.6pp	7.0%
Return on Equity	21.2%+1.2pp	20.0%+5.3pp	14.7%+4.2pp	10.5%-3.0pp	13.6%+0.5pp	13.1%
Return on Assets	17.1%+2.3pp	14.8%+4.7pp	10.1%+3.5pp	6.6%-3.4pp	10.0%+1.0pp	9.0%
Current Ratio	5.64+1.6	4.05+0.4	3.69+0.5	3.16-2.9	6.04+2.7	3.36
Debt-to-Equity	0.24-0.1	0.36-0.1	0.46-0.1	0.59+0.2	0.36-0.1	0.46
FCF Margin	15.6%+12.3pp	3.2%+5.9pp	-2.6%-10.6pp	8.0%+6.8pp	1.1%-13.4pp	14.5%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	22.9%0.0pp	22.9%-7.2pp	30.1%+1.6pp	28.5%-2.8pp	31.3%+5.4pp	26.0%+0.5pp	25.5%-6.3pp	31.8%
Operating Margin	1.6%0.0pp	1.6%-16.7pp	18.3%+1.1pp	17.2%-3.7pp	20.8%+9.7pp	11.2%-2.6pp	13.7%-4.1pp	17.8%
Net Margin	2.6%0.0pp	2.6%-6.4pp	9.1%-4.5pp	13.6%-2.9pp	16.5%+6.2pp	10.3%-0.4pp	10.7%-3.2pp	13.9%
Return on Equity	1.0%0.0pp	1.0%-3.2pp	4.2%-2.3pp	6.5%-1.7pp	8.2%+3.9pp	4.3%-1.1pp	5.4%-1.7pp	7.1%
Return on Assets	0.8%0.0pp	0.8%-2.6pp	3.4%-1.8pp	5.2%-1.3pp	6.4%+3.0pp	3.4%-0.6pp	4.0%-1.1pp	5.1%
Current Ratio	5.860.0	5.86+0.2	5.64+0.5	5.14+0.1	5.06-0.6	5.63+1.6	4.05+0.3	3.72
Debt-to-Equity	0.220.0	0.22-0.0	0.24-0.0	0.26-0.0	0.27+0.0	0.26-0.1	0.36-0.0	0.40
FCF Margin	-4.0%+2.0pp	-6.0%-19.5pp	13.5%+1.0pp	12.4%+2.7pp	9.8%-20.5pp	30.3%+24.5pp	5.8%+8.6pp	-2.8%

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Frequently Asked Questions

What is Optex Systems's annual revenue?

Optex Systems (OPXS) reported $41.3M in total revenue for fiscal year 2025. This represents a 21.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Optex Systems's revenue growing?

Optex Systems (OPXS) revenue grew by 21.6% year-over-year, from $34.0M to $41.3M in fiscal year 2025.

Is Optex Systems profitable?

Yes, Optex Systems (OPXS) reported a net income of $5.1M in fiscal year 2025, with a net profit margin of 12.4%.

What is Optex Systems's EBITDA?

Optex Systems (OPXS) had EBITDA of $7.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Optex Systems's gross margin?

Optex Systems (OPXS) had a gross margin of 29.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Optex Systems's operating margin?

Optex Systems (OPXS) had an operating margin of 17.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Optex Systems's net profit margin?

Optex Systems (OPXS) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Optex Systems's return on equity (ROE)?

Optex Systems (OPXS) has a return on equity of 21.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Optex Systems's free cash flow?

Optex Systems (OPXS) generated $6.4M in free cash flow during fiscal year 2025. This represents a 485.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Optex Systems's operating cash flow?

Optex Systems (OPXS) generated $6.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Optex Systems's total assets?

Optex Systems (OPXS) had $30.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Optex Systems's capital expenditures?

Optex Systems (OPXS) invested $494K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Optex Systems have outstanding?

Optex Systems (OPXS) had 7M shares outstanding as of fiscal year 2025.

What is Optex Systems's current ratio?

Optex Systems (OPXS) had a current ratio of 5.64 as of fiscal year 2025, which is generally considered healthy.

What is Optex Systems's debt-to-equity ratio?

Optex Systems (OPXS) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Optex Systems's return on assets (ROA)?

Optex Systems (OPXS) had a return on assets of 17.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Optex Systems's Altman Z-Score?

Optex Systems (OPXS) has an Altman Z-Score of 12.96, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Optex Systems's Piotroski F-Score?

Optex Systems (OPXS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Optex Systems's earnings high quality?

Optex Systems (OPXS) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Optex Systems cover its interest payments?

Optex Systems (OPXS) has an interest coverage ratio of 310.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Optex Systems?

Optex Systems (OPXS) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.