Osi Systems Financials
This page shows Osi Systems (OSIS) 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Osi Systems has an operating margin of 12.7%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 12.3% the prior year.
Osi Systems's revenue grew 11.3% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 61/100.
Osi Systems carries a low D/E ratio of 0.49, meaning only $0.49 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Osi Systems's current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Osi Systems's free cash flow margin of 4.3% results in a low score of 22/100. Capital expenditures of $23.8M absorb a large share of operating cash flow.
Osi Systems's ROE of 15.7% shows moderate profitability relative to equity, earning a score of 63/100. This is up from 14.8% the prior year.
Osi Systems scores 4.25, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.7B) relative to total liabilities ($1.3B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Osi Systems passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Osi Systems generates $0.65 in operating cash flow ($97.6M OCF vs $149.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Osi Systems generated $1.7B in revenue in fiscal year 2025. This represents an increase of 11.3% from the prior year.
Osi Systems's EBITDA was $261.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.9% from the prior year.
Osi Systems generated $73.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 167.3% from the prior year.
Osi Systems reported $149.6M in net income in fiscal year 2025. This represents an increase of 16.8% from the prior year.
Osi Systems earned $8.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.0% from the prior year.
Osi Systems held $106.4M in cash against $463.5M in long-term debt as of fiscal year 2025.
Osi Systems had 17M shares outstanding in fiscal year 2025. This represents a decrease of 1.5% from the prior year.
Osi Systems's gross margin was 34.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.
Osi Systems's operating margin was 12.7% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Osi Systems's net profit margin was 8.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.
Osi Systems's ROE was 15.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.
Osi Systems invested $73.4M in research and development in fiscal year 2025. This represents an increase of 12.5% from the prior year.
Osi Systems spent $80.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Osi Systems invested $23.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.8% from the prior year.
OSIS Income Statement
| Metric | Q2'26 | Q1'26 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $464.1M+20.7% | $384.6M-23.8% | $505.0M+13.6% | $444.4M-7.6% | $480.9M+18.6% | $405.4M+8.6% | $373.2M+33.7% | $279.2M |
| Cost of Revenue | $312.4M+19.5% | $261.4M-22.4% | $336.7M+14.5% | $294.1M-10.0% | $326.6M+21.3% | $269.3M+16.1% | $231.9M+28.5% | $180.5M |
| Gross Profit | $151.6M+23.1% | $123.2M-26.8% | $168.2M+11.9% | $150.3M-2.6% | $154.3M+13.4% | $136.1M-3.7% | $141.3M+43.1% | $98.7M |
| R&D Expenses | $19.8M-3.3% | $20.4M+8.4% | $18.8M+1.5% | $18.6M+17.1% | $15.9M-7.5% | $17.1M+4.9% | $16.4M+2.7% | $15.9M |
| SG&A Expenses | $70.2M+4.8% | $67.0M-10.4% | $74.7M+2.0% | $73.2M+2.1% | $71.7M+7.8% | $66.6M-7.0% | $71.6M+19.7% | $59.8M |
| Operating Income | $58.8M+77.8% | $33.1M-54.7% | $73.0M+29.9% | $56.2M-10.5% | $62.8M+22.3% | $51.4M-1.8% | $52.3M+131.9% | $22.6M |
| Interest Expense | $8.6M+17.1% | $7.4M+1.9% | $7.2M-12.2% | $8.2M+0.9% | $8.2M+10.1% | $7.4M+13.4% | $6.5M+13.7% | $5.7M |
| Income Tax | $9.4M+83.3% | $5.1M-60.8% | $13.1M+90.4% | $6.9M-31.3% | $10.0M+0.7% | $9.9M+7.4% | $9.2M+134.8% | $3.9M |
| Net Income | $38.7M+88.3% | $20.6M-61.0% | $52.7M+28.2% | $41.1M-7.9% | $44.7M+31.2% | $34.0M-6.9% | $36.6M+183.8% | $12.9M |
| EPS (Diluted) | $2.22+88.1% | $1.18-61.1% | $3.03+26.2% | $2.40-5.9% | $2.55+30.8% | $1.95-7.6% | $2.11+181.3% | $0.75 |
OSIS Balance Sheet
| Metric | Q2'26 | Q1'26 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+9.7% | $2.3B+2.6% | $2.2B+7.7% | $2.1B+7.5% | $1.9B+5.7% | $1.8B+6.1% | $1.7B+8.7% | $1.6B |
| Current Assets | $1.7B+14.2% | $1.5B+3.8% | $1.4B+11.8% | $1.3B+4.7% | $1.2B+8.6% | $1.1B+11.6% | $1.0B+15.0% | $872.1M |
| Cash & Equivalents | $336.7M+170.6% | $124.4M+16.9% | $106.4M+11.0% | $95.8M+0.5% | $95.4M-6.0% | $101.4M-20.3% | $127.3M+54.1% | $82.6M |
| Inventory | $452.6M-0.3% | $454.0M+11.5% | $407.2M-7.2% | $439.0M+10.3% | $397.9M-10.1% | $442.8M-0.7% | $445.8M+6.5% | $418.8M |
| Accounts Receivable | $833.2M+0.6% | $828.2M-1.1% | $837.7M+24.6% | $672.2M+3.7% | $648.2M+28.6% | $503.8M+36.1% | $370.2M+14.3% | $323.8M |
| Goodwill | $385.7M+0.1% | $385.4M-0.5% | $387.4M+1.2% | $382.9M+8.9% | $351.5M-0.2% | $352.1M-0.2% | $352.9M+1.3% | $348.4M |
| Total Liabilities | $1.7B+23.9% | $1.4B+4.9% | $1.3B+7.4% | $1.2B+12.0% | $1.1B+5.4% | $1.0B+6.4% | $956.0M+10.7% | $864.0M |
| Current Liabilities | $535.4M-32.4% | $791.7M+13.6% | $696.9M+15.4% | $604.0M-25.9% | $814.6M+7.0% | $761.7M+8.8% | $700.4M+14.5% | $611.6M |
| Long-Term Debt | $998.9M+128.7% | $436.8M-5.8% | $463.5M-0.3% | $465.1M+259.4% | $129.4M-1.4% | $131.2M-1.2% | $132.8M-1.5% | $134.7M |
| Total Equity | $845.5M-10.6% | $946.0M-0.5% | $951.1M+8.2% | $879.3M+1.8% | $863.5M+6.2% | $813.4M+5.6% | $770.4M+6.3% | $724.5M |
| Retained Earnings | $862.0M-10.5% | $962.8M+2.2% | $942.3M+5.9% | $889.5M+3.3% | $861.2M+5.5% | $816.6M+4.4% | $782.5M+4.9% | $746.0M |
OSIS Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $62.2M+263.0% | $17.1M+2949.3% | $562K-99.3% | $81.6M+381.1% | -$29.0M+44.2% | -$52.1M-121.3% | -$23.5M-237.2% | $17.1M |
| Capital Expenditures | $6.7M-4.9% | $7.0M+14.9% | $6.1M+35.4% | $4.5M-46.8% | $8.5M+72.9% | $4.9M+42.5% | $3.5M-34.1% | $5.2M |
| Free Cash Flow | $55.5M+449.2% | $10.1M+281.9% | -$5.6M-107.2% | $77.1M+305.4% | -$37.5M+34.1% | -$57.0M-111.2% | -$27.0M-326.6% | $11.9M |
| Investing Cash Flow | -$10.5M+4.1% | -$10.9M+4.1% | -$11.4M-28.3% | -$8.9M+30.1% | -$12.7M-306.3% | -$3.1M+74.4% | -$12.2M-27.7% | -$9.6M |
| Financing Cash Flow | $160.4M+1216.5% | $12.2M-40.5% | $20.5M+126.0% | -$78.8M-335.1% | $33.5M-0.4% | $33.7M-57.3% | $78.9M+4365.1% | -$1.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $80.4M | $0 | $0 | N/A | N/A | N/A | N/A |
OSIS Financial Ratios
| Metric | Q2'26 | Q1'26 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7%+0.6pp | 32.0%-1.3pp | 33.3%-0.5pp | 33.8%+1.7pp | 32.1%-1.5pp | 33.6%-4.3pp | 37.9%+2.5pp | 35.4% |
| Operating Margin | 12.7%+4.1pp | 8.6%-5.9pp | 14.5%+1.8pp | 12.7%-0.4pp | 13.1%+0.4pp | 12.7%-1.3pp | 14.0%+5.9pp | 8.1% |
| Net Margin | 8.3%+3.0pp | 5.3%-5.1pp | 10.4%+1.2pp | 9.3%-0.0pp | 9.3%+0.9pp | 8.4%-1.4pp | 9.8%+5.2pp | 4.6% |
| Return on Equity | 4.6%+2.4pp | 2.2%-3.4pp | 5.5%+0.9pp | 4.7%-0.5pp | 5.2%+1.0pp | 4.2%-0.5pp | 4.7%+3.0pp | 1.8% |
| Return on Assets | 1.5%+0.6pp | 0.9%-1.5pp | 2.4%+0.4pp | 2.0%-0.3pp | 2.3%+0.5pp | 1.9%-0.3pp | 2.1%+1.3pp | 0.8% |
| Current Ratio | 3.15+1.3 | 1.87-0.2 | 2.04-0.1 | 2.11+0.6 | 1.49+0.0 | 1.47+0.0 | 1.430.0 | 1.43 |
| Debt-to-Equity | 1.18+0.7 | 0.46-0.0 | 0.49-0.0 | 0.53+0.4 | 0.15-0.0 | 0.16-0.0 | 0.17-0.0 | 0.19 |
| FCF Margin | 12.0%+9.3pp | 2.6%+3.7pp | -1.1%-18.5pp | 17.4%+25.2pp | -7.8%+6.3pp | -14.1%-6.8pp | -7.2%-11.5pp | 4.3% |
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Frequently Asked Questions
What is Osi Systems's annual revenue?
Osi Systems (OSIS) reported $1.7B in total revenue for fiscal year 2025. This represents a 11.3% 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 Osi Systems's revenue growing?
Osi Systems (OSIS) revenue grew by 11.3% year-over-year, from $1.5B to $1.7B in fiscal year 2025.
Is Osi Systems profitable?
Yes, Osi Systems (OSIS) reported a net income of $149.6M in fiscal year 2025, with a net profit margin of 8.7%.
What is Osi Systems's earnings per share (EPS)?
Osi Systems (OSIS) reported diluted earnings per share of $8.71 for fiscal year 2025. This represents a 18.0% 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.
What is Osi Systems's EBITDA?
Osi Systems (OSIS) had EBITDA of $261.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Osi Systems have?
As of fiscal year 2025, Osi Systems (OSIS) had $106.4M in cash and equivalents against $463.5M in long-term debt.
What is Osi Systems's gross margin?
Osi Systems (OSIS) had a gross margin of 34.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Osi Systems's operating margin?
Osi Systems (OSIS) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Osi Systems's net profit margin?
Osi Systems (OSIS) had a net profit margin of 8.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Osi Systems's return on equity (ROE)?
Osi Systems (OSIS) has a return on equity of 15.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Osi Systems's free cash flow?
Osi Systems (OSIS) generated $73.8M in free cash flow during fiscal year 2025. This represents a 167.3% 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 Osi Systems's operating cash flow?
Osi Systems (OSIS) generated $97.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Osi Systems's total assets?
Osi Systems (OSIS) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Osi Systems's capital expenditures?
Osi Systems (OSIS) invested $23.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Osi Systems spend on research and development?
Osi Systems (OSIS) invested $73.4M in research and development during fiscal year 2025.
Does Osi Systems buy back shares?
Yes, Osi Systems (OSIS) spent $80.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Osi Systems have outstanding?
Osi Systems (OSIS) had 17M shares outstanding as of fiscal year 2025.
What is Osi Systems's current ratio?
Osi Systems (OSIS) had a current ratio of 2.04 as of fiscal year 2025, which is generally considered healthy.
What is Osi Systems's debt-to-equity ratio?
Osi Systems (OSIS) had a debt-to-equity ratio of 0.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Osi Systems's return on assets (ROA)?
Osi Systems (OSIS) had a return on assets of 6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Osi Systems's Altman Z-Score?
Osi Systems (OSIS) has an Altman Z-Score of 4.25, 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 Osi Systems's Piotroski F-Score?
Osi Systems (OSIS) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Osi Systems's earnings high quality?
Osi Systems (OSIS) has an earnings quality ratio of 0.65x, considered mixed 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.
How financially healthy is Osi Systems?
Osi Systems (OSIS) scores 61 out of 100 on our Financial Profile, indicating moderate 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.