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Optex Systems Holdings, Inc(OPXS)Earnings, Financials & Key Ratios
OPXS•NASDAQ
$13.99
18.9× P/E·Price updated Jul 7, 2026
AboutOptex Systems Holdings, Inc. manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, and commander weapon station sights; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser filter units, laser filter interface, optical assemblies, day windows, binoculars, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows. The company also provides various periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Its products are installed on various types of U.S. military land vehicles, such as the Abrams, Bradley, and Stryker families of fighting vehicles, as well as light armored and armored security vehicles. The company offers its products directly to the federal government, prime contractors, and foreign governments. Optex Systems Holdings, Inc. was founded in 1987 and is headquartered in Richardson, Texas. Optex Systems Holdings, Inc operates as a subsidiary of Sileas Corporation.Show more
- Revenue$41M+21.6%
- EBITDA$8M+44.1%
- Net Income$5M+36.6%
- EPS (Diluted)0.74+34.5%
- Gross Margin29.17%+4.1%
- EBITDA Margin18.5%+18.5%
- Operating Margin17.25%+21.7%
- Net Margin12.45%+12.3%
- ROE23.88%+6.7%
OPXS Price & Volume
Optex Systems Holdings, Inc (OPXS) stock price & volume — 10-year historical chart
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Cyclical Defense Revenue Masks Structural Margin Constraints
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Legacy platform dependency
Key Thesis Takeaways
- Optex Systems maintains a conservative capital structure with a 0.00 debt-to-equity ratio, yet its reliance on legacy defense platforms creates significant long-term obsolescence risk as the U.S.
- Army shifts toward the XM30 vehicle.
- While the company has demonstrated the ability to generate periodic profitability, the erratic nature of its project-based revenue—evidenced by a 10.3% contraction in 2026Q2—suggests that investors should remain cautious regarding future earnings stability.
- The firm's inability to consistently expand gross margins beyond the 35.2% ceiling highlights structural limitations in its build-to-print manufacturing model.
Verdict Logic
while the company maintains a healthy balance sheet with a 9.19 current ratio, the extreme volatility in free cash flow margins, which ranged from 31.5% to -59.9%, warrants further investigation into the sustainability of its project-based business model.
OPXS Growth Metrics
Optex Systems Holdings, Inc (OPXS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.26%
5 Years9.81%
3 Years22.69%
TTM10.02%
Profit CAGR
10 Years26.49%
5 Years23.04%
3 Years58.89%
TTM-15.74%
EPS CAGR
10 Years-
5 Years39.51%
3 Years66.61%
TTM-16.23%
Return on Capital
10 Years14.06%
5 Years15.88%
3 Years24.2%
Last Year30.97%
OPXS Recent Earnings
Optex Systems Holdings, Inc (OPXS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.19-5.0%
$0.20
Rev
$10M-24.2%
$13M
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$0.03
—
Rev
$9M
—
Q4 2025
Dec 17, 2025Metric
Actual
Est
EPS
$0.24
—
Rev
$11M
—
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.22
—
Rev
$11M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.19vs $0.20-5.0% | $10Mvs $13M-24.2% |
| Q1 2026 | Feb 11, 2026 | $0.03 | $9M |
| Q4 2025 | Dec 17, 2025 | $0.24 | $11M |
| Q3 2025 | Aug 12, 2025 | $0.22 | $11M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Optex Systems Holdings, Inc (OPXS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.99 | $97.37M | 18.91 | 21.6% | 12.45% | 23.88% | — | |
| $50.34 | $9.44B | 387.23 | 18.52% | 2.08% | 1.26% | — | |
| $9.30 | $104.91M | 25.14 | 30.75% | 17.66% | 8.33% | — | |
| $57.75 | $185.9M | 20.12 | 3.84% | 21.52% | 15.76% | — | |
| $661.20 | $30.62B | 35.02 | 7.86% | 15.15% | 8.94% | — | |
| $640.46 | $51.6B | 424.15 | 33.47% | 6.91% | 6.58% | — |
Compare OPXS vs Peers
Optex Systems Holdings, Inc (OPXS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OPXS SEC Filings & Documents
Optex Systems Holdings, Inc (OPXS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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OPXS Frequently Asked Questions
Optex Systems Holdings, Inc (OPXS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Optex Systems Holdings, Inc's revenue?
Optex Systems Holdings, Inc (OPXS) reported $41.2M in revenue for fiscal year 2025. This represents a 167% increase from $15.4M in 2007.
How fast is Optex Systems Holdings, Inc growing?
Optex Systems Holdings, Inc (OPXS) grew revenue by 21.6% over the past year. This is strong growth.
Is OPXS profitable?
Yes, Optex Systems Holdings, Inc (OPXS) is profitable, generating $4.1M in net income for fiscal year 2025 (12.5% net margin).
Dividend & Returns
What is OPXS's return on equity?
Optex Systems Holdings, Inc (OPXS) has a return on equity (ROE) of 23.9%. This is excellent, indicating efficient use of shareholder capital.
What is Optex Systems Holdings, Inc's free cash flow?
Optex Systems Holdings, Inc (OPXS) had negative free cash flow of $546.7M in fiscal year 2025, likely due to heavy capital investments.