Loading…
Makes security/inspection screening systems (Rapiscan), optoelectronic devices and patient-monitoring healthcare equipment (Spacelabs).
Makes security/inspection screening systems (Rapiscan), optoelectronic devices and patient-monitoring healthcare equipment (Spacelabs).
Government screening orders for airports, borders and cargo arrive in large, uneven batches, and maintenance contracts on installed machines follow. Its optoelectronics unit supplies sensors both to its own systems and to outside buyers, so it earns on the components as well as the finished equipment.
Moat: narrow (regulatory licence, installed base, customer qualification). Certified security-screening equipment and installed hospital monitoring base create switching costs.
Headquarters: Hawthorne, California, US · Founded: 1987 · Employees: 7,806
Size OSI Systems (OSIS) is a United States Information Technology company (Aerospace & Defense) with a market value of $3.09B, the 1527th largest of 3,117 United States companies the cockpit tracks. Shares closed at $196.36 on 6 Nov 2026.
Performance Over six months the shares fell 14.9%, against -2.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +16.3%); the operating margin is 12.7% (peer median 10.8%).
Valuation It trades at 16.7× forward earnings against a peer median of 15.6× (9th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.1 points above its cost of capital (9.7% WACC).
Backlog Backlog (remaining performance obligations) was $2.00M at 30 Sep 2026, down 100% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit OSI Systems has 1 bond outstanding ($350M).
Short interest Short interest is 12.6% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $1.80B | $1.79B | $1.71B | $1.54B | $1.28B |
| Revenue growth | — | +4% | +11% | +20% | — |
| Gross profit | $552M | $550M | $544M | $488M | $392M |
| EBITDA | $271M | $268M | $273M | $245M | $193M |
| Net income | $159M | $155M | $150M | $128M | $91.8M |
| Free cash flow | $269M | $245M | $56.1M | -$127M | $62.6M |
| Capital expenditure | $26.8M | $48.5M | $41.5M | $39.4M | $32.3M |
| Total debt | $1.05B | $1.05B | $682M | $552M | $393M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| OSI Systems OSIS | $3.09B | -15% | +3% | 13% | 16.7× | 9.4% |
| Smiths SMIN.L | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
| GE HealthCare GEHC | $37.2B | +30% | +7% | 14% | 15.4× | 4.3% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OSIS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.6% | +1.0% | 11th highest of 21 |
| 6-month return | -14.9% | -2.0% | 8th lowest of 20 |
| Distance from 52-week high | -37.0% | -33.8% | 11th highest of 21 |
| Revenue growth (TTM) | +2.9% | +16.3% | 5th lowest of 21 |
| Operating margin | 12.7% | 10.8% | 10th highest of 21 |
| Forward P/E | 16.7× | 15.6× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 9.4% | 15.5% | 6th least demanding of 15 |
| Growth delivered (Del g) | +9.3% | +11.2% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | +0.1 pp | +6.8 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | +2.1 pp | +1.6 pp | 10th highest of 19 |
| EV / EBITDA | 14.2× | 17.7× | 6th cheapest of 16 |
| Net debt / EBITDA | 2.8× | -0.9× | 4th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| OSI Systems OSIS | United States | $3.09B | -15% | +3% | 13% | 16.7× | 9.4% | +9.3% |
| Via Transportation VIA | United States | $3.07B | +118% | +29% | -17% | 259.2× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| Liftoff Mobile LFTO | United States | $3.07B | n/a | +35% | 36% | 18.6× | -7.3% | +35.5% |
| ACM Research ACMR | United States | $3.11B | -25% | +27% | 13% | 16.0× | n/a | n/a |
| Axcelis Technologies ACLS | United States | $3.06B | -39% | -3% | 10% | 17.8× | 31.2% | +12.1% |
| Cellebrite DI CLBT | United States | $3.13B | -2% | +18% | 11% | 38.0× | 22.8% | +19.5% |
| Slide Insurance SLDE | United States | $3.04B | +41% | +42% | 51% | 7.7× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| People PPLI | United States | $3.16B | -4% | -29% | 2% | 38.9× | 36.5% | -2.8% |
| Freshworks FRSH | United States | $3.18B | +37% | +15% | 8% | 14.5× | 12.9% | +27.4% |
| Wix.com WIX | United States | $3.18B | -5% | +14% | -3% | 12.6× | -4.4% | +15.2% |
| Alarm.com ALRM | United States | $3.19B | +37% | +9% | 13% | 22.4× | 10.9% | +10.3% |
| Cipher Digital CIFR | United States | $2.99B | -68% | -29% | -172% | n/a | n/a | n/a |
| Bullish BLSH | United States | $3.20B | -51% | +34% | 18% | 33.6× | 32.3% | +14.4% |
| Teradata TDC | United States | $2.96B | +1% | +1% | 8% | 11.6× | -5.4% | -2.0% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| SPS Commerce SPSC | United States | $2.90B | +45% | +7% | 17% | 15.3× | 7.3% | +19.2% |
| Crane NXT CXT | United States | $3.31B | +27% | +17% | 16% | 12.6× | 7.8% | -9.7% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| Kulicke and Soffa Industries, I KLIC | United States | $3.35B | -38% | +44% | 13% | 10.9× | 24.4% | +1.0% |
OSI Systems has 1 bond outstanding with $350M face value.
OSI Systems reported $2.00M of remaining performance obligations at 30 Sep 2026, down 100% from a year earlier and up 11% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.