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OSI Systems, Inc. (OSIS) 10-Year Financial Performance & Capital Metrics

OSIS • • Industrial / General
TechnologyTech Hardware & EquipmentCommunications & Defense ElectronicsSecurity & Detection Systems
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 Margin 34.27% -0.6%
  • EBITDA Margin 15.24% +1.4%
  • Operating Margin 12.7% +3.3%
  • Net Margin 8.73% +4.9%
  • ROE 16.49% +2.3%
  • ROIC 11.46% -4.5%
  • Debt/Equity 0.72 +12.1%
  • Interest Coverage 6.42 -5.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Good 3Y average ROE of 15.4%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.98%
5Y8%
3Y13.13%
TTM6.3%

Profit (Net Income) CAGR

10Y8.67%
5Y14.74%
3Y9.06%
TTM21.58%

EPS CAGR

10Y10.64%
5Y16.55%
3Y10.53%
TTM15.27%

ROCE

10Y Avg11.27%
5Y Avg14.78%
3Y Avg16.4%
Latest16.32%

Peer Comparison

Security & Detection Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OSISOSI Systems, Inc.4.94B290.8033.3911.33%8.68%16.1%1.14%0.72

Profit & Loss

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+829.66M960.95M1.09B1.18B1.17B1.15B1.18B1.28B1.54B1.71B
Revenue Growth %-0.13%0.16%0.13%0.09%-0.01%-0.02%0.03%0.08%0.2%0.11%
Cost of Goods Sold+552.8M637.45M697.63M751.52M745.4M726.98M758.81M847.92M1.01B1.13B
COGS % of Revenue0.67%0.66%0.64%0.64%0.64%0.63%0.64%0.66%0.66%0.66%
Gross Profit+276.86M323.5M391.65M430.59M420.64M419.92M424.43M430.51M530.46M587.18M
Gross Margin %0.33%0.34%0.36%0.36%0.36%0.37%0.36%0.34%0.34%0.34%
Gross Profit Growth %-0.15%0.17%0.21%0.1%-0.02%-0%0.01%0.01%0.23%0.11%
Operating Expenses+216.47M243.51M300.78M318.99M315.75M304.55M302.68M295.23M341.4M369.66M
OpEx % of Revenue0.26%0.25%0.28%0.27%0.27%0.27%0.26%0.23%0.22%0.22%
Selling, General & Admin166.66M192.56M239.59M262.48M251.96M240.75M235.55M228.31M269.73M290.88M
SG&A % of Revenue0.2%0.2%0.22%0.22%0.22%0.21%0.2%0.18%0.18%0.17%
Research & Development49.82M50.95M61.19M56.51M57.31M53.7M59.58M59.35M65.28M73.44M
R&D % of Revenue0.06%0.05%0.06%0.05%0.05%0.05%0.05%0.05%0.04%0.04%
Other Operating Expenses02.09M239K-7K6.48M10.1M7.54M7.57M6.39M5.33M
Operating Income+38.37M33.29M55.91M89.99M104.89M115.37M121.75M135.28M189.06M217.52M
Operating Margin %0.05%0.03%0.05%0.08%0.09%0.1%0.1%0.11%0.12%0.13%
Operating Income Growth %-0.58%-0.13%0.68%0.61%0.17%0.1%0.06%0.11%0.4%0.15%
EBITDA+96.3M101.59M125.66M146.22M154.65M159.23M160.43M173.79M231.27M261.1M
EBITDA Margin %0.12%0.11%0.12%0.12%0.13%0.14%0.14%0.14%0.15%0.15%
EBITDA Growth %-0.36%0.05%0.24%0.16%0.06%0.03%0.01%0.08%0.33%0.13%
D&A (Non-Cash Add-back)57.92M68.3M69.75M56.23M49.76M43.85M38.68M38.51M42.21M43.58M
EBIT38.35M35.39M56.15M107.77M104.89M115.37M129.29M135.28M189.06M216.35M
Net Interest Income+-2.85M-9.63M-19.3M-21.61M-18.77M-16.73M-8.96M-20.04M-27.85M-33.87M
Interest Income0000000000
Interest Expense2.88M9.63M19.29M21.61M18.77M16.73M8.96M20.04M27.85M33.87M
Other Income/Expense-2.88M-7.54M-19.05M-21.61M-18.77M-16.73M18.41M-20.04M-27.85M-31.43M
Pretax Income+35.49M25.75M36.85M86.16M86.12M98.64M140.16M115.24M161.21M186.09M
Pretax Margin %0.04%0.03%0.03%0.07%0.07%0.09%0.12%0.09%0.1%0.11%
Income Tax+9.34M4.67M65.98M21.37M10.87M24.59M24.81M23.46M33.06M36.46M
Effective Tax Rate %0.74%0.82%-0.79%0.75%0.87%0.75%0.82%0.8%0.79%0.8%
Net Income+26.16M21.08M-29.13M64.8M75.25M74.05M115.35M91.78M128.15M149.64M
Net Margin %0.03%0.02%-0.03%0.05%0.06%0.06%0.1%0.07%0.08%0.09%
Net Income Growth %-0.6%-0.19%-2.38%3.22%0.16%-0.02%0.56%-0.2%0.4%0.17%
Net Income (Continuing)26.16M21.08M-29.13M64.8M75.25M74.05M115.35M91.78M128.15M149.64M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.301.07-1.573.464.054.036.455.347.388.71
EPS Growth %-0.59%-0.18%-2.47%3.2%0.17%-0%0.6%-0.17%0.38%0.18%
EPS (Basic)1.381.13-1.623.584.144.126.575.457.558.91
Diluted Shares Outstanding20.08M19.69M18.59M18.72M18.6M18.39M17.87M17.19M17.35M17.18M
Basic Shares Outstanding18.91M18.69M18.03M18.1M18.19M17.97M17.55M16.83M16.98M17.18M
Dividend Payout Ratio----------

Balance Sheet

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+555.32M653M650.7M640.9M617.71M709.4M746.14M839.9M1.22B1.42B
Cash & Short-Term Investments104.37M169.65M84.81M96.32M76.1M80.61M64.2M76.75M95.35M106.41M
Cash Only104.37M169.65M84.81M96.32M76.1M80.61M64.2M76.75M95.35M106.41M
Short-Term Investments0000000000
Accounts Receivable141.72M206.53M210.74M238.44M269.84M301.04M307.97M380.85M648.15M837.74M
Days Sales Outstanding62.3578.4570.6273.6284.4795.895108.73153.75178.49
Inventory273.29M248.51M313.55M273.71M241.23M294.21M333.91M338.01M397.94M407.17M
Days Inventory Outstanding180.44142.3164.05132.94118.12147.71160.61145.5144.05131.99
Other Current Assets35.94M28.31M41.59M030.54M33.55M40.06M44.3M74.08M71.54M
Total Non-Current Assets+436.4M577.09M604.99M623.97M650.83M674.96M697.01M715.78M720.48M818.4M
Property, Plant & Equipment183.11M141.54M115.52M127.39M155.87M141.44M149.15M141.55M113.97M126.75M
Fixed Asset Turnover4.53x6.79x9.43x9.28x7.48x8.11x7.93x9.03x13.50x13.52x
Goodwill122.82M242.13M292.21M307.11M310.63M320.3M336.36M349.5M351.48M387.39M
Intangible Assets56.28M118.45M142M132.95M128.28M127.61M138.37M140.86M139.53M183.29M
Long-Term Investments-391.38M-176.44M-130.53M-7.98M0005.4M-3.29M932K
Other Non-Current Assets436.4M216.51M170.78M56.52M52.94M81.45M69.29M74.23M115.51M120.03M
Total Assets+991.72M1.23B1.26B1.26B1.27B1.38B1.44B1.56B1.94B2.24B
Asset Turnover0.84x0.78x0.87x0.93x0.92x0.83x0.82x0.82x0.79x0.76x
Asset Growth %0.01%0.24%0.02%0.01%0%0.09%0.04%0.08%0.24%0.16%
Total Current Liabilities+367.83M346.13M443.32M382.01M330.1M344.77M613.95M571.69M814.64M696.94M
Accounts Payable69.49M76.12M106.89M93.5M84.94M141.26M125.2M139.01M191.15M281.3M
Days Payables Outstanding45.8843.5955.9345.4141.5970.9260.2359.8469.291.19
Short-Term Debt127.76M105.4M115.26M88.8M68.46M8.35M314.27M232.86M392.17M186.13M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Current Liabilities111.41M92.06M125.24M112.96M98.33M101.5M100.46M113.64M-9.71M217.16M
Current Ratio1.51x1.89x1.47x1.68x1.87x2.06x1.22x1.47x1.49x2.04x
Quick Ratio0.77x1.17x0.76x0.96x1.14x1.20x0.67x0.88x1.00x1.46x
Cash Conversion Cycle196.91177.15178.74161.15160.99172.59195.39194.4228.6219.29
Total Non-Current Liabilities+83.04M314.74M322.93M331.13M366.29M399.78M190.77M257.83M257.89M593.24M
Long-Term Debt6.05M241.75M248.98M257.75M267.07M276.42M48.67M136.49M129.38M463.5M
Capital Lease Obligations000019.71M16.32M30.36M23.73M21.13M20.98M
Deferred Tax Liabilities29.16M20.68M15M7.98M5.85M7.16M11.11M6.57M3.29M3.33M
Other Non-Current Liabilities47.83M52.31M58.95M65.4M73.66M99.89M100.63M91.03M107.38M86.56M
Total Liabilities450.88M660.87M766.25M713.14M696.39M744.55M804.73M829.52M1.07B1.29B
Total Debt+133.81M347.15M364.24M346.56M355.25M301.08M393.31M393.09M552.38M682.32M
Net Debt29.44M177.5M279.43M250.24M279.15M220.47M329.1M316.34M457.03M575.92M
Debt / Equity0.25x0.61x0.74x0.63x0.62x0.47x0.62x0.54x0.64x0.72x
Debt / EBITDA1.39x3.42x2.90x2.37x2.30x1.89x2.45x2.26x2.39x2.61x
Net Debt / EBITDA0.31x1.75x2.22x1.71x1.81x1.38x2.05x1.82x1.98x2.21x
Interest Coverage13.33x3.46x2.90x4.16x5.59x6.90x13.59x6.75x6.79x6.42x
Total Equity+540.85M569.21M489.44M551.73M572.15M639.82M638.42M726.16M863.48M951.08M
Equity Growth %-0.07%0.05%-0.14%0.13%0.04%0.12%-0%0.14%0.19%0.1%
Book Value per Share26.9428.9126.3329.4730.7634.8035.7342.2449.7655.37
Total Shareholders' Equity540.85M569.21M489.44M551.73M572.15M639.82M638.42M726.16M863.48M951.08M
Common Stock219.11M222.53M169.47M168.91M122.55M105.72M17K9.84M24.29M29.76M
Retained Earnings338.99M363.87M334.75M399.54M474.79M548.84M663.87M735.96M861.23M942.25M
Treasury Stock0000000000
Accumulated OCI-17.26M-17.19M-14.78M-16.73M-25.19M-14.75M-25.46M-19.63M-22.04M-20.93M
Minority Interest0000000000

Cash Flow

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+59.22M62.78M133.11M119.11M129.18M139.07M63.81M94.81M-87.5M97.59M
Operating CF Margin %0.07%0.07%0.12%0.1%0.11%0.12%0.05%0.07%-0.06%0.06%
Operating CF Growth %-0.44%0.06%1.12%-0.11%0.08%0.08%-0.54%0.49%-1.92%2.12%
Net Income26.16M21.08M-29.13M64.8M75.25M74.05M115.35M91.78M128.15M149.64M
Depreciation & Amortization57.92M68.23M69.75M56.23M49.76M43.85M38.68M38.51M42.21M43.58M
Stock-Based Compensation20.76M26.13M23.85M25.25M23.82M26.77M28.07M29.12M28.71M31.96M
Deferred Taxes-13.22M-24.22M26.11M-8.54M-431K432K3.52M-3.98M-14.13M-9.09M
Other Non-Cash Items11.84M28.52M21.36M12.06M19.76M20.02M-32.33M-3.45M5.67M1.26M
Working Capital Changes-44.24M-56.96M21.16M-30.69M-38.98M-26.06M-89.48M-57.17M-278.11M-119.76M
Change in Receivables36.88M-44.46M11.34M-27.21M-37.07M-28.95M-13.71M-66.09M-293.64M-164.72M
Change in Inventory-37.7M30.81M-59.22M39.45M30.75M-47.77M-44.66M-115K-57.29M-9.7M
Change in Payables6.83M2.66M25.14M-16.62M-8.89M55.6M-15.05M10.76M52.45M7.88M
Cash from Investing+-43.48M-200.69M-149.44M-48.49M-42.69M-34.69M-12.67M-40.46M-37.64M-117.85M
Capital Expenditures-23.56M-22.24M-45.65M-30.21M-21.06M-29.51M-30.49M-32.25M-22.1M-23.83M
CapEx % of Revenue0.03%0.02%0.04%0.03%0.02%0.03%0.03%0.03%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing-5.87M7.65M-2.45M-2.8M-12.69M034.13M347K-16.82M-17.39M
Cash from Financing+41.83M203.58M-68.45M-58.31M-104.73M-103.92M-64.01M-37.17M144.25M30.82M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-13.71M-10.08M-13.97M-10.57M-23.75M-12.66M2.73M3.6M-17.73M-15.14M
Net Change in Cash----------
Free Cash Flow+35.66M40.54M87.46M88.9M94.76M109.56M33.32M62.56M-126.93M56.09M
FCF Margin %0.04%0.04%0.08%0.08%0.08%0.1%0.03%0.05%-0.08%0.03%
FCF Growth %-0.57%0.14%1.16%0.02%0.07%0.16%-0.7%0.88%-3.03%1.44%
FCF per Share1.782.064.704.755.095.961.863.64-7.313.27
FCF Conversion (FCF/Net Income)2.26x2.98x-4.57x1.84x1.72x1.88x0.55x1.03x-0.68x0.65x
Interest Paid2.38M5.18M9.25M11.86M7.71M5.98M6.98M20.28M26.76M26.84M
Taxes Paid26.67M25.07M29.45M34.79M19.08M12.78M16.66M19.44M42.1M39.9M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)4.66%3.8%-5.5%12.45%13.39%12.22%18.05%13.45%16.12%16.49%
Return on Invested Capital (ROIC)5.16%3.79%5.53%8.59%9.52%10.11%9.99%10.1%12%11.46%
Gross Margin33.37%33.66%35.95%36.43%36.07%36.61%35.87%33.67%34.47%34.27%
Net Margin3.15%2.19%-2.67%5.48%6.45%6.46%9.75%7.18%8.33%8.73%
Debt / Equity0.25x0.61x0.74x0.63x0.62x0.47x0.62x0.54x0.64x0.72x
Interest Coverage13.33x3.46x2.90x4.16x5.59x6.90x13.59x6.75x6.79x6.42x
FCF Conversion2.26x2.98x-4.57x1.84x1.72x1.88x0.55x1.03x-0.68x0.65x
Revenue Growth-13.41%15.82%13.36%8.52%-1.36%-1.64%3.17%8.04%20.36%11.33%

Revenue by Segment

2016201720182019202020212022202320242025
Product---856.71M850.48M872.81M-958.83M1.21B1.32B
Product Growth-----0.73%2.63%--25.94%9.58%
Service---325.4M315.57M274.09M-319.6M331.17M389.88M
Service Growth-----3.02%-13.14%--3.62%17.73%
Products------897.26M---
Products Growth----------
Services------285.98M---
Services Growth----------
Security Division411.21M555.2M690M-------
Security Division Growth-35.01%24.28%-------
Optoelectronics And Manufacturing Division206.99M205.72M209.9M-------
Optoelectronics And Manufacturing Division Growth--0.61%2.03%-------
Healthcare Division211.46M200.03M189.39M-------
Healthcare Division Growth--5.40%-5.32%-------

Revenue by Geography

2016201720182019202020212022202320242025
Total Americas------625.45M757.47M1.04B1.02B
Total Americas Growth-------21.11%36.67%-1.37%
United States---------589.6M
United States Growth----------
Total EMEA------329.61M330.6M295.91M432.46M
Total EMEA Growth-------0.30%-10.49%46.15%
APAC------228.18M250.14M267.66M323.14M
APAC Growth-------9.62%7.00%20.73%
Mexico---------276.32M
Mexico Growth----------
Other Americas---------155.08M
Other Americas Growth----------
Other EMEA---------50.03M
Other EMEA Growth----------
Americas539.49M613.59M684.21M682.35M683.66M666.89M----
Americas Growth-13.73%11.51%-0.27%0.19%-2.45%----
E M E A169.04M219M257.6M322.78M315.04M251.3M----
E M E A Growth-29.55%17.62%25.30%-2.40%-20.23%----
Asia Pacific121.12M128.36M147.47M176.99M167.35M228.71M----
Asia Pacific Growth-5.97%14.89%20.01%-5.45%36.66%----

Frequently Asked Questions

Valuation & Price

OSI Systems, Inc. (OSIS) has a price-to-earnings (P/E) ratio of 33.4x. This suggests investors expect higher future growth.

Growth & Financials

OSI Systems, Inc. (OSIS) reported $1.75B in revenue for fiscal year 2025. This represents a 121% increase from $793.0M in 2012.

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

Yes, OSI Systems, Inc. (OSIS) is profitable, generating $152.3M in net income for fiscal year 2025 (8.7% net margin).

Dividend & Returns

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

OSI Systems, Inc. (OSIS) generated $133.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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