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OSISOSI Systems, Inc.
$220.83$3.6B
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OSIS logoOSI Systems, Inc.(OSIS)Earnings, Financials & Key Ratios

OSIS•NASDAQ
$220.83
25.4× P/E·Price updated Jul 6, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustrySecurity, Safety and Public Safety Hardware
AboutOSI Systems, Inc. designs and manufactures electronic systems and components worldwide. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems, AS&E, and Gatekeeper names. It also provides site design, installation, training, and technical support services; and security screening solutions under the S2 name. The Healthcare segment offers patient monitoring and diagnostic cardiology systems, and related supplies and accessories under the Spacelabs name for use in critical care, emergency, and perioperative areas within hospitals, physicians' offices, medical clinics, and ambulatory surgery centers. The Optoelectronics and Manufacturing segment provides optoelectronic devices under the OSI Optoelectronics, OSI LaserDiode, OSI Laserscan, Semicoa, and Advanced Photonix names for the aerospace and defense, avionics, medical imaging and diagnostics, biochemistry analysis, pharmaceutical, nanotechnology, telecommunications, construction, and homeland security markets. It also offers electronics manufacturing services to original equipment manufacturers and end users for medical, automotive, defense, aerospace, industrial, and consumer applications under the OSI Electronics, APlus Products, Altaflex, and PFC names; and LCD displays for medical, industrial, and consumer electronics applications, as well as flex circuits for OEM customers. This segment offers laser-based remote sensing devices to detect and classify vehicles in toll and traffic management systems under the OSI Laserscan and Autosense names; and solid-state laser products for aerospace, defense, telecommunication, and medical applications under the OSI LaserDiode name. The company was incorporated in 1987 and is headquartered in Hawthorne, California.Show more
  • Revenue$1.71B+11.3%
  • EBITDA$261M+12.9%
  • Net Income$150M+16.8%
  • EPS (Diluted)8.71+18.0%
  • Gross Margin34.27%-0.6%
  • EBITDA Margin15.24%+1.4%
  • Operating Margin12.7%+3.3%
  • Net Margin8.73%+4.9%
  • ROE16.49%+2.3%

OSIS Price & Volume

OSI Systems, Inc. (OSIS) stock price & volume — 10-year historical chart

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Project Volatility Challenges Consistent Operating Margin Scaling

Investment Thesis • Updated 2026Q3

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Lumpy contract revenue volatility

Key Thesis Takeaways

  • OSI Systems maintains a unique competitive moat through vertical integration in security and healthcare, yet its reliance on lumpy, project-based government contracts creates significant revenue instability.
  • While the company has successfully achieved a debt-free capital structure as of 2026Q3, investors should monitor the persistent drag of stock-based compensation and erratic cash conversion cycles.
  • Future performance hinges on the company's ability to stabilize operating margins, which have fluctuated between 8.6% and 14.5% over the last eight quarters.

Verdict Logic

while the company has achieved a debt-free status with a 0.00 D/E ratio, the erratic free cash flow margins and reliance on lumpy project revenue suggest that investors should wait for more consistent operating leverage before committing capital.

OSIS Growth Metrics

OSI Systems, Inc. (OSIS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.98%
5 Years8%
3 Years13.13%
TTM6.98%

Profit CAGR

10 Years8.67%
5 Years14.74%
3 Years9.06%
TTM7.52%

EPS CAGR

10 Years10.64%
5 Years16.55%
3 Years10.53%
TTM6.33%

Return on Capital

10 Years11.27%
5 Years14.78%
3 Years16.4%
Last Year16.32%

OSIS Recent Earnings

OSI Systems, Inc. (OSIS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 4, 2026
Metric
Actual
Est
EPS
$2.60+2.8%
$2.53
Rev
$453M+0.9%
$449M
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$2.58+2.4%
$2.52
Rev
$464M+3.2%
$450M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.42+2.9%
$1.38
Rev
$385M+3.4%
$372M
Q3 2025
Aug 21, 2025
Metric
Actual
Est
EPS
$3.24+1.6%
$3.19
Rev
$505M+1.7%
$496M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$2.60vs $2.53+2.8%
$453Mvs $449M+0.9%
Q1 2026Jan 29, 2026
$2.58vs $2.52+2.4%
$464Mvs $450M+3.2%
Q4 2025Oct 30, 2025
$1.42vs $1.38+2.9%
$385Mvs $372M+3.4%
Q3 2025Aug 21, 2025
$3.24vs $3.19+1.6%
$505Mvs $496M+1.7%
Based on last 12 quarters of dataView full earnings history →

Latest OSIS News

Recent stock market news and headlines for OSI Systems, Inc. (OSIS)

Business Wire·Jun 17, 2026
OSI Systems Receives $50 Million Services Order for Security Inspection Systems

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an order for approximately $50 million from a North American customer to provide ongoing maintenance service for its installed base of Rapiscan® inspection systems that are utilized for screening baggage, cargo and vehicles. As part of the award, the Company is also expected to provide continued support for its CertScan® Platform. OSI Systems'.

Peers Comparison

Key metrics vs top competitors for OSI Systems, Inc. (OSIS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OSIS logoOSISOSI Systems, Inc.Current
$220.83$3.64B25.3511.33%8.73%16.49%—
SAIC logoSAICScience Applications International Corporation
$114.70$4.85B14.90-2.9%5.55%27.22%—
LDOS logoLDOSLeidos Holdings, Inc.
$108.72$13.68B9.773.07%7.77%27.1%—
CACI logoCACICACI International Inc
$505.24$11.16B22.6412.64%5.86%13.15%—
BAH logoBAHBooz Allen Hamilton Holding Corporation
$62.31$7.46B9.02-6.37%7.57%81.03%—
TDY logoTDYTeledyne Technologies Incorporated
$661.20$30.62B35.027.86%15.15%8.94%—

Compare OSIS vs Peers

OSI Systems, Inc. (OSIS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SAIC

Most directly comparable listed peer for OSIS.

Scale Benchmark

vs RTX

Larger-name benchmark to compare OSIS against a more recognizable public peer.

Peer Set

Compare Top 5

vs SAIC, LDOS, CACI, BAH

OSIS SEC Filings & Documents

OSI Systems, Inc. (OSIS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 4, 2026·SEC

Material company update

Jan 29, 2026·SEC

Material company update

Dec 11, 2025·SEC

10-K Annual Reports

2
FY 2025

Aug 25, 2025·SEC

FY 2024

Aug 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2026

Jan 29, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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OSIS Frequently Asked Questions

OSI Systems, Inc. (OSIS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is OSI Systems, Inc.'s revenue?

OSI Systems, Inc. (OSIS) reported $1.81B in revenue for fiscal year 2025. This represents a 1824% increase from $93.9M in 1998.

How fast is OSI Systems, Inc. growing?

OSI Systems, Inc. (OSIS) grew revenue by 11.3% over the past year. This is steady growth.

Is OSIS profitable?

Yes, OSI Systems, Inc. (OSIS) is profitable, generating $152.2M in net income for fiscal year 2025 (8.7% net margin).

Dividend & Returns
What is OSIS's return on equity?

OSI Systems, Inc. (OSIS) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

What is OSI Systems, Inc.'s free cash flow?

OSI Systems, Inc. (OSIS) generated $76.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in OSIS back in 1998?

Total return calculator · dividends reinvested · 28+ years of data

See returns →