PRO DEX Inc key statistics and ratios

In fiscal 2026, PRO DEX Inc had return on equity of 32.4%, an operating margin of 16.8%, debt equal to 45.6% of equity and a current ratio of 4.10. 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.

PRO DEX Inc: financial ratios, annual
Fiscal year	2011Jun 2011	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026	LTMSept 2026
Gross margin	42.1%	31.4%	30.3%	27.4%	27.7%	24.4%	32.7%	35.4%	36.0%	37.7%	35.7%	31.2%	27.7%	27.0%	29.3%	31.4%	32.5%
Operating margin	14.5%	−7.9%	−15.5%	−7.5%	−6.7%	4.0%	12.5%	10.6%	18.4%	20.3%	11.9%	12.2%	12.5%	13.3%	16.1%	16.8%	16.8%
Net margin	11.0%	−5.1%	−14.6%	−4.5%	−2.7%	4.1%	23.2%	7.2%	15.3%	17.5%	16.2%	10.9%	15.3%	4.0%	13.5%	17.6%	15.1%
Free-cash-flow margin	10.9%	−1.7%	−11.1%	−3.5%	−7.6%	0.8%	12.0%	9.7%	7.1%	12.7%	−10.1%	−5.9%	—	—	−4.4%	8.7%	13.4%
Return on equity	25.6%	−8.8%	−20.4%	−5.7%	−4.1%	9.5%	45.0%	10.5%	24.2%	33.9%	30.7%	19.6%	24.8%	6.8%	26.6%	32.4%	24.8%
Return on assets	17.0%	−6.2%	−15.2%	−4.4%	−3.0%	6.9%	37.0%	8.9%	18.3%	21.6%	17.3%	10.2%	14.0%	4.1%	15.8%	20.1%	15.9%
Asset turnover	1.55	1.22	1.05	0.97	1.10	1.70	1.60	1.24	1.20	1.23	1.06	0.94	0.91	1.03	1.17	1.14	1.05
Current ratio	2.94	3.30	3.17	4.18	2.28	4.31	4.76	6.72	4.88	4.34	3.99	2.74	3.20	2.84	3.23	4.10	4.19
Debt to equity	11.8%	4.1%	5.1%	0.0%	1.1%	0.8%	1.1%	0.2%	27.1%	24.3%	66.6%	66.4%	52.6%	52.9%	58.9%	45.6%	33.3%
Interest cover (operating income ÷ interest)	—	—	n/m	n/m	n/m	21.8x	—	—	22.7x	29.9x	12.9x	11.0x	10.8x	12.9x	12.9x	16.0x	15.4x
Effective tax rate	15.9%	—	—	—	—	2.2%	—	37.9%	23.8%	22.7%	19.0%	19.7%	25.0%	19.2%	25.5%	24.2%	20.7%
R&D as % of revenue	7.9%	12.0%	14.6%	13.7%	12.5%	6.0%	5.6%	8.4%	6.9%	6.6%	11.5%	7.1%	6.1%	5.9%	5.5%	4.3%	4.8%
SG&A as % of revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.8%	10.3%	10.9%
Capital spending as % of revenue	1.1%	2.0%	0.7%	0.5%	1.8%	1.5%	2.8%	4.1%	5.1%	1.5%	4.7%	3.9%	—	—	1.9%	0.6%	0.9%
Free cash flow ÷ net income	99.7%	—	—	—	—	18.9%	51.7%	134.1%	46.7%	72.4%	−62.4%	−54.4%	—	—	−32.6%	49.5%	88.9%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	292.9%	11.9%	10.1%	205.5%	76.5%	—	—	—	—	—	50.4%	—

US$ thousands unless shown otherwise. Fiscal quarters.

PRO DEX Inc: financial ratios, quarterly
Quarter	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026	2027 Q1Sept 2026
Gross margin	30.2%	33.3%	20.0%	29.0%	30.8%	30.7%	34.8%	33.4%
Operating margin	16.0%	20.9%	7.7%	16.8%	17.5%	15.5%	17.3%	17.1%
Net margin	12.1%	18.8%	6.8%	25.3%	11.7%	19.7%	14.0%	14.8%
Free-cash-flow margin	−27.9%	3.3%	−1.5%	11.9%	18.8%	7.6%	−2.3%	29.9%
Current ratio	2.58	2.73	3.23	3.73	4.03	3.67	4.10	4.19
Debt to equity	32.9%	27.9%	42.1%	20.8%	19.2%	31.6%	36.8%	24.9%
R&D as % of revenue	5.6%	5.4%	5.2%	4.1%	3.9%	4.1%	5.0%	5.9%
SG&A as % of revenue	8.6%	7.0%	7.1%	8.0%	9.4%	11.1%	12.5%	10.4%

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

6 of 7 checks passed · September 30, 2026

What it owns · $77m

Short-term assets $54mLonger-term assets $23m

What it owes, and who funded it · $77m

Short-term liabilities $13mLonger-term liabilities $14mShareholders' equity $49m

Short-term assets cover short-term liabilities $54m of assets due within a year against $13m of liabilities due within a year.
Short-term assets cover long-term liabilities $54m short-term assets against $14m of longer-dated liabilities.
More cash than debt $12m of cash against $12m of debt.
Debt below 40% of shareholders' equity Debt is 25% of equity.
Debt burden no higher than five years ago Debt to equity moved from 47% to 25% over five years.
A year's operating cash flow covers at least 20% of debt $11m of operating cash flow against $12m of debt.
Operating profit covers interest at least five times over Operating income of $13m against $872,000 of interest.

From PRO DEX 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

70 /100

Strong moat

How hard PRO DEX'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 20 / 20

Net income has been a median 14.1% of total assets over 10 years.
Pricing power 10 / 20

Gross margin has been a median 33.4%, moving by 3.6 percentage points (standard deviation) across 10 years.
Durability 14 / 20

Operating margin has been a median 14.9%; its worst year was 10.9%.
Cash conversion 6 / 20

Free cash flow was positive in 5 of 10 years, at a median 1.6% of revenue.
Discipline 20 / 20

The diluted share count fell 18.1% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

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

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Figures from PRO DEX 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 PRO DEX Inc.