Saturday 17 October 2026 Export OESX’s income statement to Excel — free account

Orion Energy Systems, Inc.

OESX Industrials Electrical Equipment & Parts

Orion Energy Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $86.3 million, up 8.26% from fiscal 2025. In the quarter to June 2026, revenue grew 31.5%, EPS grew 220.0%, free cash flow grew 336.1% and total debt fell 23.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

22.52 0.74 −3.18%

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Market cap: $95.1M
P/E: 0.0×
Fwd P/E: 20.0×
Dividend yield: —
F-score: 6/9
Altman Z: −0.85
Beneish M: −2.42
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.35

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	1	—	—	—	1	—	1	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 16.01%

Capital & Financial Ratios $m

Market Cap 95.12

Revenue 92.47

Net Income 0.04

Free Cash Flow 0.75

Net Debt 1.36

Current Ratio 1.54

Debt/Equity 0.35

P/E ratio 0.00

Fwd P/E 20.00

P/S ratio 0.99

P/B ratio 4.88

Past 5Y EPS Growth —

This Y EPS Growth 166.29%

Next Y EPS Growth 61.02%

Next Y revenue growth 17.95%

Next 5Y EPS Growth 25.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 86.91%

10-year low 10-year high

P/B against its own 10 years 90.97%

10-year low 10-year high

EV/Sales against its own 10 years 88.98%

10-year low 10-year high

EV/FCF against its own 10 years 90.40%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	5	6	3	5
Receivables	19	16	23	22
Inventory	18	11	10	10
Other	—	—	—	—
	45	35	38	39

	2024	2025	2026	Q'26
Payables	18	13	15	16
ST’ Debt	0	0	0	0
Other	—	—	—	—
	28	27	27	26

Compound Annual Growth %

	10y	5y	3y
Sales	2.47%	(5.88%)	3.70%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(9.67%)	(22.13%)	(20.62%)

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	26	—	—	—	—
’26	20	20	21	26	86
’25	20	19	20	21	80
’24	18	21	26	26	91
’23	18	18	20	22	77
’22	35	37	31	22	124
’21	11	26	44	35	117

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	1	—	—	—	—
’26	(1)	2	(1)	(1)	(1)
’25	(3)	0	4	(1)	1
’24	(7)	(4)	1	0	(10)
’23	(5)	(2)	1	3	(2)
’22	(3)	(1)	6	(2)	0
’21	(8)	(6)	8	7	2

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	1	—	—	—	—
’26	(1)	2	(1)	(2)	(1)
’25	(3)	1	4	(1)	1
’24	(8)	(4)	1	0	(11)
’23	(5)	(2)	1	3	(3)
’22	(3)	(1)	6	(2)	(1)
’21	(8)	(7)	8	7	1

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	0.47	—	—	—	—
’26	(0.40)	(0.17)	0.04	(0.39)	(0.89)
’25	(1.20)	(1.10)	(0.50)	(0.90)	(3.60)
’24	(2.10)	(1.40)	(0.70)	0.50	(3.60)
’23	(0.90)	(0.80)	(7.50)	(1.60)	(10.80)
’22	0.80	1.20	0.40	(0.40)	1.90
’21	(0.70)	0.60	1.40	7.10	8.30

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	8.00	5.30	5.60	27.00	32.40	14.10	8.10	6.80	5.50	8.58	Analyst estimates 2027–2029 Powerpack
	High	23.90	12.50	38.40	108.90	119.80	45.50	21.40	15.30	18.60	31.65
People
People	Employees	264	214	321	181	213	314	265	260	182	174
	Revenue/emp, $m	0.27	0.28	0.20	0.83	0.55	0.40	0.29	0.35	0.44	0.50
Income, $m
Income, $m	Revenue	70	60	66	151	117	124	77	91	80	86
	Gross margin, %	24.69	24.33	22.13	24.61	25.78	27.26	22.63	23.09	25.38	32.55
	EBT	(13)	(13)	(7)	13	7	8	(16)	(12)	(12)	(3)
	EBT margin, %	(17.87)	(21.80)	(10.13)	8.37	5.58	6.63	(21.15)	(12.84)	(14.75)	(3.60)
	Net income	(12)	(13)	(7)	12	26	6	(34)	(12)	(12)	(3)
	Depreciation	3	3	2	2	2	2	2	3	3	2
Per share, $
Per share, $	Revenue	24.94	20.95	22.34	50.11	38.14	40.10	24.41	27.88	24.28	24.24
	Earnings	(4.40)	(4.60)	(2.30)	4.10	8.50	2.00	(10.80)	(3.60)	(3.60)	(0.89)
	Cash flow	(0.68)	(1.53)	(1.72)	6.76	0.56	(0.04)	(0.72)	(3.11)	0.18	(0.30)
	Capex	0.59	(0.20)	(0.15)	(0.31)	(0.31)	(0.13)	(0.19)	(0.22)	0.04	(0.02)
	Free cash flow	(0.09)	(1.74)	(1.87)	6.45	0.26	(0.17)	(0.91)	(3.33)	0.22	(0.33)
	Book value	12.59	8.14	6.11	10.31	18.96	20.99	10.49	6.94	3.62	4.67
	Shares, m	3	3	3	3	3	3	3	3	3	4
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	9.02	8.19	14.00	0.00	0.00	0.00	0.00
	P/S	0.79	0.40	0.41	0.74	1.82	0.70	0.83	0.32	0.30	0.36
	P/B	1.57	1.02	1.49	3.59	3.67	1.33	1.94	1.27	1.99	1.87
	EV/Sales	0.65	0.31	0.42	0.61	1.66	0.58	0.75	0.37	0.35	0.39
	EV/FCF	(178.79)	(3.71)	(4.95)	4.78	247.61	(139.54)	(20.23)	(3.09)	38.50	(29.06)
Cash, $m
Cash, $m	Operating cash flow	(2)	(4)	(5)	20	2	0	(2)	(10)	1	(1)
	Capex	2	(1)	0	(1)	(1)	0	(1)	(1)	0	0
	Free cash flow	0	(5)	(6)	19	1	(1)	(3)	(11)	1	(1)
Balance, $m
Balance, $m	Working capital	25	13	14	28	26	33	26	17	9	11
	Total debt	7	4	9	10	0	0	10	10	10	6
	Net debt	(10)	(5)	1	(19)	(19)	(14)	(6)	5	4	3
	Shareholders’ equity	35	23	18	31	58	65	33	23	12	17
Returns, %
Returns, %	ROA	(18.49)	(24.45)	(13.17)	19.38	31.60	6.78	(43.36)	(17.32)	(20.41)	(6.08)
	ROIC	(31.18)	(44.84)	(20.67)	66.17	11.03	10.35	(36.63)	(24.70)	(40.79)	(5.31)
	ROE	(30.18)	(44.60)	(32.25)	50.86	58.66	9.89	(69.83)	(41.84)	(68.56)	(22.19)

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ESP Espey Mfg. & Electronics Corp.	$171.0M	13.8×	15.4×	+40.39% (above 0%: growing)	+7.27% (above 0%: growing)	−199.91% (below 0%: shrinking)	34.33%	25.79%	Compare
NEOV NeoVolta, Inc.	$143.4M	— (loss-making)	— (loss-making)	−99.72% (below 0%: shrinking)	n/m	−1,293.55% (below 0%: shrinking)	(8,440.00%)	(75,445.93%)	Compare
SKYX SKYX Platforms Corp.	$136.8M	— (loss-making)	— (loss-making)	+9.58% (above 0%: growing)	n/m	−56.37% (below 0%: shrinking)	28.86%	(27.98%)	Compare
ULBI Ultralife Corporation	$101.8M	— (loss-making)	8.0×	−1.27% (below 0%: shrinking)	+200.00% (above 0%: growing)	−84.80% (below 0%: shrinking)	28.92%	7.17%	Compare
CBAT China BAK Battery, Inc.	$101.1M	— (loss-making)	— (loss-making)	+99.26% (above 0%: growing)	n/m	+147.06% (above 0%: growing)	1.49%	(13.93%)	Compare
OESX Orion Energy Systems, Inc.	$95.1M	— (loss-making)	20.0×	+31.51% (above 0%: growing)	n/m	+336.14% (above 0%: growing)	34.62%	8.20%
RFIL RF Industries, Ltd.	$79.4M	31.2×	50.1×	+21.07% (above 0%: growing)	+225.00% (above 0%: growing)	+453.33% (above 0%: growing)	35.63%	7.34%	Compare
TGEN Tecogen Inc.	$67.9M	— (loss-making)	— (loss-making)	−21.23% (below 0%: shrinking)	n/m	+11.86% (above 0%: growing)	37.83%	(37.42%)	Compare
NVX NOVONIX Limited Sponsored ADR	$54.4M	— (loss-making)	— (loss-making)	+76.13% (above 0%: growing)	n/m	−1.34% (below 0%: shrinking)	(431.26%)	0.00%	Compare
Median of peers	$101.4M	—	15.4×	+15.33%	+200.00%	−28.85%	28.89%	(6.96%)

All 52 Electrical Equipment & Parts stocks →

Orion Energy Systems, Inc. (OESX) key facts

Strength: Orion Energy Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $86.3 million, up 8.26% from fiscal 2025.
Orion Energy Systems, Inc. (OESX) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, OESX traded at $22.52, a market capitalization of $95.1 million.
Return on equity was −22.2% and debt-to-equity 0.35.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −0.85 (distress zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.