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OSI Systems Inc key statistics and ratios

In fiscal 2026, OSI Systems Inc had return on equity of 17.3%, an operating margin of 12.3%, debt equal to 122.2% of equity and a current ratio of 3.15. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Jun 20102011Jun 20112012Jun 20122013Jun 20132014Jun 20142015Jun 20152016Jun 20162017Jun 20172018Jun 20182019Jun 20192020Jun 20202021Jun 20212022Jun 20222023Jun 20232024Jun 20242025Jun 20252026Jun 2026LTMSept 2026
Gross margin36.6%36.5%33.9%36.2%33.6%34.0%33.4%33.7%36.0%36.4%36.1%36.6%35.9%33.7%34.5%34.3%33.2%32.9%
Operating margin6.2%7.3%8.3%9.3%9.0%9.6%4.6%3.5%5.1%9.1%9.0%10.1%10.3%10.6%12.3%12.7%12.3%12.2%
Net margin4.0%5.1%5.7%5.5%5.3%6.8%3.2%2.2%−2.7%5.5%6.5%6.5%9.7%7.2%8.3%8.7%8.7%8.8%
Free-cash-flow margin5.7%4.1%6.6%−12.3%8.2%9.4%5.0%4.8%8.3%7.8%9.3%10.7%4.1%6.2%−7.1%4.3%13.7%14.7%
Return on equity7.5%9.6%11.1%9.7%9.5%11.7%4.7%3.8%−5.5%12.4%13.4%12.2%18.0%13.5%16.1%16.5%17.3%19.6%
Return on assets4.6%6.1%6.8%5.2%4.9%6.7%2.7%1.9%−2.3%5.1%5.9%5.6%8.2%6.1%7.3%7.2%6.5%6.4%
Asset turnover1.161.201.190.940.920.980.860.860.880.940.920.860.840.850.880.820.750.72
Current ratio—2.523.011.821.872.061.511.891.471.681.872.061.221.471.492.043.152.89
Debt to equity0.0%0.8%0.6%2.6%2.5%2.0%1.6%42.9%59.2%46.9%46.8%43.3%46.1%20.8%16.7%49.6%122.2%129.7%
Interest cover (operating income ÷ interest)20.7x46.6x16.7x14.8x14.9x28.3x13.5x3.5x2.9x5.0x————6.8x6.9x8.3x9.9x
Effective tax rate32.7%28.5%26.5%36.4%36.9%26.7%26.3%18.2%—24.8%12.6%24.9%17.7%20.4%20.5%19.6%19.7%19.6%
R&D as % of revenue6.5%6.9%6.3%6.0%4.9%5.4%6.0%5.3%5.6%4.8%4.9%4.7%5.0%4.6%4.2%4.3%4.4%4.3%
SG&A as % of revenue23.5%21.7%19.1%19.9%18.4%17.9%20.1%20.0%22.0%22.2%21.6%21.0%19.9%17.9%17.5%17.0%15.6%15.5%
Capital spending as % of revenue3.0%2.0%8.6%19.6%6.0%1.6%2.1%1.8%4.0%2.3%1.8%1.5%1.3%1.2%1.4%1.4%1.7%1.7%
Free cash flow ÷ net income144.8%80.0%114.3%−223.6%155.7%137.9%158.8%216.8%—141.5%143.7%165.0%42.4%86.1%−85.5%49.3%158.6%166.7%
Dividends and buybacks ÷ free cash flow—8.3%7.5%—16.2%34.2%176.7%106.1%70.0%22.9%47.9%30.7%228.3%44.0%—109.1%110.8%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · September 30, 2026
What it owns · $2.5bn
Short-term assets $1.6bnLonger-term assets $902m
What it owes, and who funded it · $2.5bn
Short-term liabilities $549mLonger-term liabilities $1.2bnShareholders' equity $783m
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $549m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $236m of cash against $1,000m of debt.
  • Debt below 40% of shareholders' equity Debt is 128% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 8% to 128% over five years.
  • A year's operating cash flow covers at least 20% of debt $296m of operating cash flow against $1,000m of debt.
  • Operating profit covers interest at least five times over Operating income of $219m against $22m of interest.

From OSI Systems Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

60 /100

Moderate moat

How hard OSI Systems's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Cash operating profit has been a median 10.1% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 35.0%, moving by 1.2 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 10.2%; its worst year was 4.8%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 6.4% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.6% over five years; stock-based pay has been a median 2.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (65 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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More: Electronic Equipment & Instruments stocks compared, Technology sector, rankings of US companies

Figures from OSI Systems Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to OSI Systems Inc.