OPXS · Optex Systems Holdings Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $41.34M | $33.99M | $25.66M | $22.38M | $18.22M | - |
| Cost of Revenue | $29.28M | $24.47M | $19.04M | $17.49M | $15.70M | $19.80M |
| Gross Profit | $12.06M | $9.53M | $6.62M | $4.90M | $2.52M | $6.09M |
| R&D | - | - | - | - | - | - |
| SG&A | $4.92M | $4.71M | $3.83M | $3.25M | $3.01M | $3.21M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $515.0K | $487.0K | $345.0K | $307.0K | $263.0K | $248.0K |
| Operating Income | $7.13M | $4.82M | $2.79M | $1.65M | ($494.0K) | $2.88M |
| Interest Expense | ($23.0K) | $47.0K | $55.0K | - | $11.0K | $19.0K |
| Income Tax | $1.20M | $1.01M | $469.0K | $364.0K | ($101.0K) | $531.0K |
| Net Income | $5.15M | $3.77M | $2.26M | $1.28M | $2.13M | $1.82M |
| EPS - Basic | $0.75 | $0.56 | $0.34 | $0.16 | $0.18 | $0.14 |
| EPS - Diluted | $0.74 | $0.55 | $0.34 | $0.16 | $0.18 | $0.14 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.39M | $1.01M | $1.20M | $934.0K | $3.90M | $4.70M |
| Accounts Receivable | $4.57M | $3.76M | $3.62M | $2.91M | $3.18M | $2.95M |
| Inventory | $14.32M | $14.86M | $12.15M | $9.21M | $7.58M | $8.79M |
| Accounts Payable | $1.52M | $1.18M | $810.0K | $706.0K | $551.0K | $833.0K |
| Current Assets | $25.71M | $20.07M | $17.54M | $13.38M | $14.93M | $16.67M |
| Total Assets | $30.06M | $25.52M | $22.22M | $18.54M | $20.86M | $20.34M |
| Current Liabilities | $4.56M | $4.95M | $4.08M | $3.37M | $2.01M | $2.41M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $5.76M | $6.71M | $7.36M | $6.13M | $5.14M | $6.37M |
| Stockholders' Equity | $24.29M | $18.81M | $14.86M | $12.41M | $15.71M | $13.98M |
| Retained Earnings | $2.48M | ($2.66M) | ($6.43M) | ($8.70M) | ($9.98M) | ($12.11M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.93M | $1.78M | ($296.0K) | $2.04M | $481.0K | $3.91M |
| Investing Cash Flow | ($504.0K) | ($1.73M) | ($376.0K) | ($257.0K) | ($274.0K) | ($152.0K) |
| Financing Cash Flow | ($1.05M) | ($245.0K) | $942.0K | ($4.75M) | ($1.01M) | ($127.0K) |
| CapEx | $494.0K | $681.0K | $376.0K | $257.0K | $274.0K | $152.0K |
| Free Cash Flow | $6.44M | $1.10M | ($672.0K) | $1.78M | $207.0K | $3.76M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 29.2% | 28.0% | 25.8% | 21.9% | 13.8% | - |
| Operating margin | 17.3% | 14.2% | 10.9% | 7.4% | -2.7% | - |
| EBITDA margin | 18.5% | 15.6% | 12.2% | 8.7% | -1.3% | - |
| Net margin | 12.5% | 11.1% | 8.8% | 5.7% | 11.7% | - |
| Free cash flow margin | 15.6% | 3.2% | -2.6% | 8.0% | 1.1% | - |
| FCF / Net income | 1.25 | 0.29 | -0.30 | 1.39 | 0.10 | 2.06 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.9% | 13.8% | 14.9% | 14.5% | 16.5% | - |
| Effective tax rate | 19.0% | 21.1% | 17.2% | 22.1% | -5.0% | 22.5% |
| Return on assets | 17.1% | 14.8% | 10.2% | 6.9% | 10.2% | 9.0% |
| Return on equity | 21.2% | 20.0% | 15.2% | 10.3% | 13.6% | 13.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 5.64 | 4.05 | 4.30 | 3.97 | 7.43 | 6.92 |
| Quick ratio | 2.50 | 1.05 | 1.32 | 1.24 | 3.66 | 3.27 |
| Cash ratio | 1.40 | 0.20 | 0.30 | 0.28 | 1.94 | 1.95 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -310.1x | 102.6x | 50.7x | - | -44.9x | 151.7x |
| Equity multiplier | 1.24 | 1.36 | 1.50 | 1.49 | 1.33 | 1.46 |
| Liabilities / Assets | 0.19 | 0.26 | 0.33 | 0.33 | 0.25 | 0.31 |
| Efficiency | ||||||
| Asset turnover | 1.38 | 1.33 | 1.15 | 1.21 | 0.87 | - |
| Inventory turnover | 2.04 | 1.65 | 1.57 | 1.90 | 2.07 | 2.25 |
| Days sales outstanding | 40d | 40d | 52d | 47d | 64d | - |
| Days inventory outstanding | 179d | 222d | 233d | 192d | 176d | 162d |
| Days payable outstanding | 19d | 18d | 16d | 15d | 13d | 15d |
| Cash conversion cycle | 200d | 245d | 269d | 225d | 227d | - |
| Valuation | ||||||
| P / E | 17.4x | 13.9x | 12.2x | 15.9x | 11.0x | 14.0x |
| P / B | 3.7x | 2.8x | 1.9x | 1.7x | 1.0x | 1.2x |
| P / S | 2.2x | 1.5x | 1.1x | 0.9x | 0.9x | - |
| EV / EBITDA | 10.8x | 9.6x | 8.4x | 10.2x | - | 3.9x |
| Growth | ||||||
| Revenue growth (YoY) | 21.6% | 32.5% | 14.6% | 22.8% | - | - |
| Revenue CAGR (3y) | 22.7% | 23.1% | - | -3.0% | -4.4% | - |
| Revenue CAGR (5y) | - | 6.7% | 4.2% | 3.8% | 1.1% | - |
| Gross profit growth (YoY) | 26.5% | 44.0% | 35.2% | 94.3% | -58.6% | -2.6% |
| Operating income growth (YoY) | 47.9% | 73.0% | 69.2% | - | - | -9.8% |
| Net income growth (YoY) | 36.6% | 66.5% | 76.4% | -39.8% | 16.8% | -67.8% |
| EPS growth (YoY) | 34.5% | 61.8% | 112.5% | -11.1% | 28.6% | -68.9% |
| EPS CAGR (3y) | 66.6% | 45.1% | 34.4% | -29.2% | - | - |
| EPS CAGR (5y) | 39.5% | 4.1% | - | - | - | - |
| FCF growth (YoY) | 485.2% | - | - | 762.3% | -94.5% | 22011.8% |
| FCF CAGR (5y) | 11.4% | 130.2% | - | - | 8.6% | - |
| Book value growth (YoY) | 29.2% | 26.6% | 19.8% | -21.0% | 12.4% | 14.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-28.
Business segments
$39.02M totalOptex Systems OPXRichardson Texas$23.76M · 60.9%
Applied Optics Center AOCDallas$17.58M · 45.0%
Other($1.16M) · -3.0%
All Other Segments($1.16M) · -3.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
4.45
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Optical Instruments & Lenses
Comparing Optex Systems Holdings Inc against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Apr 11, 2018 | $0.0200 |
| Jan 11, 2018 | $0.0200 |
| Oct 11, 2017 | $0.0200 |
| Jun 30, 2017 | $0.0200 |