OSI Systems vs Ralliant
Ralliant is the larger business, with $2.07bn of revenue in fiscal 2025 against $1.79bn for OSI Systems (1.2 times as much). OSI Systems grew faster (4.3% against -4.0%). OSI Systems kept more of each dollar of sales as profit: a net margin of 8.7% against -59.1%. Ralliant carries less debt relative to equity (70.4% against 122.2%).
| Latest fiscal year | OSI SystemsOSIS, 2026 | RalliantRAL, 2025 |
|---|---|---|
| Revenue | $1.79bn | $2.07bn |
| Revenue growth | 4.3% | -4.0% |
| Net income | $155m | −$1.22bn |
| Operating margin | 12.3% | -57.2% |
| Net margin | 8.7% | -59.1% |
| Return on equity | 17.3% | -45.3% |
| Free cash flow | $245m | $358m |
| Cash | $360m | $319m |
| Total debt | $1.02bn | $1.15bn |
| Debt to equity | 122.2% | 70.4% |
| Dividend per share | — | $0.10 |
| Dividend yield | — | 0.3% |
| Share buybacks | $272m | — |
| Employees | 7,806 | — |
| Market value | $3.18bn | $7.97bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 60 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 5 sales | 6 buys, 7 sales |