Saturday 17 October 2026
Export OPXS’s income statement to Excel — free account
Optex Systems Holdings Inc.
OPXS Industrials Aerospace & Defense
Optex Systems Holdings Inc.’s revenue for fiscal 2025 (year ended September 2025) was $41.3 million, up 21.6% from fiscal 2024. In the quarter to June 2026, revenue fell 12.4%, EPS fell 18.2% and free cash flow grew 53.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
9.82
0.14
−1.41%
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| Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 | Sep '20 | Sep '19 | Sep '18 | Sep '17 | Sep '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
8 | 6 | 7 | 7 | 5 | 3 | 8 | 8 | 5 | — |
P/E ratio |
17.19 | 13.63 | 11.71 | 16.55 | 12.31 | 13.22 | 2.79 | 14.58 | 0.00 | 0.00 |
P/S ratio |
2.14 | 1.52 | 1.03 | 0.92 | 0.89 | 0.60 | 0.55 | 0.71 | 0.44 | 0.07 |
Altman Z-Score |
12.33 | 7.13 | 4.13 | 3.51 | 2.76 | 3.07 | 3.19 | 2.04 | 0.60 | (0.10) |
P/FCF ratio |
13.81 | 46.90 | 0.00 | 11.57 | 78.43 | 4.17 | 536.90 | 17.07 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
10.90 | 7.76 | 5.99 | 4.74 | 5.55 | 5.09 | 5.41 | 1.19 | (0.14) | 0.30 |
P/Operating CF |
56.62 | 68.52 | 23.83 | 135.82 | (25.57) | 7.64 | 76.70 | 448.53 | 23.01 | (2.12) |
Beneish M-Score |
(2.65) | (2.02) | (1.83) | (3.02) | (1.24) | (2.81) | 6.69 | (2.60) | (2.51) | (2.72) |
P/B ratio |
3.64 | 2.74 | 1.77 | 1.66 | 1.03 | 1.12 | 1.10 | 2.33 | 1.36 | 0.16 |
Price to Tangible BV |
3.77 | 2.89 | 1.79 | 1.69 | 1.04 | 1.13 | 1.12 | 2.40 | 1.40 | 0.17 |
EV/Sales |
2.02 | 1.53 | 1.04 | 1.03 | 0.72 | 0.45 | 0.52 | 0.67 | 0.36 | (0.06) |
EV/EBITDA |
10.93 | 9.81 | 8.54 | 11.81 | 0.00 | 3.70 | 3.57 | 7.72 | 12.43 | 1.84 |
EV/Operating CF |
12.06 | 29.24 | (90.36) | 11.30 | 27.21 | 2.96 | 78.98 | 13.48 | 420.37 | 1.94 |
EV/FCF |
13.05 | 47.35 | (39.80) | 12.93 | 63.23 | 3.08 | 505.50 | 16.15 | (73.11) | 1.83 |
Quick Ratio |
2.40 | 0.96 | 1.18 | 1.14 | 3.53 | 1.54 | 1.25 | 1.26 | 1.07 | 1.94 |
Current Ratio |
5.64 | 4.05 | 4.30 | 3.97 | 7.43 | 3.36 | 4.53 | 3.99 | 2.79 | 4.58 |
Net Debt/EBITDA |
(0.84) | 0.00 | 0.13 | 1.24 | 1.03 | (1.25) | (0.23) | (0.46) | (2.55) | 4.01 |
Debt/Assets |
0.00% | 3.92% | 7.29% | 18.15% | 17.55% | 3.90% | 1.42% | 2.36% | 2.14% | 2.35% |
Debt/Equity |
0.00 | 0.05 | 0.11 | 0.27 | 0.23 | 0.06 | 0.02 | 0.05 | 0.05 | 0.04 |
Asset Turnover |
1.49 | 1.42 | 1.26 | 1.14 | 0.88 | 1.37 | 1.62 | 1.56 | 1.38 | 1.42 |
Operating CF/Net income |
1.35 | 0.47 | (0.13) | 1.59 | 0.33 | 3.19 | 0.04 | 1.12 | (0.03) | 0.38 |
Capex/Depreciation |
(0.98) | (3.55) | (1.09) | (0.84) | (1.04) | (0.61) | (0.40) | (0.51) | (0.32) | (0.09) |
Interest Coverage |
(310.09) | 102.57 | 50.67 | — | (44.91) | 151.74 | 139.00 | 74.30 | 10.74 | (25.31) |
| 23.88% | 22.38% | 16.60% | 9.12% | 9.91% | 9.37% | 40.97% | 15.13% | (7.74%) | (18.33%) | |
| 18.52% | 15.79% | 11.11% | 6.51% | 7.14% | 6.47% | 25.13% | 6.96% | (3.81%) | (11.61%) | |
ROIC |
24.90% | 16.03% | 11.40% | 6.94% | (2.00%) | 17.89% | 17.54% | 16.85% | 2.79% | (11.45%) |
Return on Tangible Assets |
22.80% | 22.96% | 15.65% | 11.68% | 10.55% | 9.64% | 29.67% | 9.50% | (5.39%) | (13.77%) |
Average Days of Receivables |
40.34 | 40.41 | 51.55 | 47.42 | 63.76 | 41.63 | 45.62 | 43.02 | 61.50 | 44.25 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
11.91% | 13.85% | 14.93% | 14.52% | 16.54% | 12.38% | 12.46% | 14.53% | 17.31% | 22.93% |
Intangible Assets out of Total Assets |
0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.93% | 1.25% | 0.96% | 0.72% | 1.25% | 0.76% | 0.46% | 0.73% | 1.19% | 1.11% |
Graham Net Nets |
0.23 | 0.26 | 0.39 | 0.35 | 0.60 | 0.66 | 0.72 | 0.34 | 0.55 | 4.60 |
Graham Number |
7.73 | 5.92 | 4.15 | 2.30 | 2.62 | 2.28 | 4.33 | 1.42 | 0.00 | 0.00 |
Earnings Yield |
5.82% | 7.34% | 8.54% | 6.04% | 8.12% | 7.56% | 35.87% | 6.86% | (3.84%) | (17.95%) |
Free Cash Flow Yield |
7.24% | 2.13% | (2.55%) | 8.65% | 1.28% | 24.00% | 0.19% | 5.86% | (1.14%) | (47.77%) |
Revenue per Share |
6.02 | 5.03 | 3.88 | 2.75 | 2.21 | 3.06 | 2.92 | 2.47 | 2.32 | 11.17 |
Operating CF per Share |
1.01 | 0.26 | (0.04) | 0.25 | 0.06 | 0.46 | 0.02 | 0.12 | 0.00 | (0.35) |
Capex per Share |
(0.07) | (0.26) | (0.06) | (0.03) | (0.03) | (0.02) | (0.02) | (0.02) | (0.01) | (0.02) |
Free Cash Flow per Share |
0.94 | 0.01 | (0.10) | 0.22 | 0.03 | 0.44 | 0.00 | 0.10 | (0.01) | (0.37) |
Cash per Share |
0.93 | 0.15 | 0.18 | 0.11 | 0.47 | 0.56 | 0.13 | 0.13 | 0.21 | 1.66 |
Shareholders Equity per Share |
3.54 | 2.78 | 2.25 | 1.53 | 1.91 | 1.65 | 1.46 | 0.75 | 0.74 | 4.68 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.54 | 2.78 | 2.25 | 1.53 | 1.91 | 1.65 | 1.46 | 0.75 | 0.74 | 4.68 |
Free Cash Flow |
6.43 | 0.05 | (0.67) | 1.79 | 0.21 | 3.76 | 0.03 | 0.87 | (0.09) | (0.57) |
Working Capital |
21.15 | 15.12 | 13.46 | 10.01 | 12.92 | 11.72 | 11.71 | 8.49 | 8.01 | 8.59 |
Capital Expenditures |
(0.50) | (1.73) | (0.38) | (0.26) | (0.27) | (0.15) | (0.13) | (0.17) | (0.11) | (0.03) |
Net Current Asset Value |
19.94 | 13.36 | 10.18 | 7.25 | 9.79 | 10.30 | 9.67 | 4.99 | 4.40 | 5.48 |
EV/EBIT |
11.72 | 10.80 | 9.60 | 14.01 | 0.00 | 4.02 | 3.95 | 9.42 | 32.97 | 1.15 |
Capex to Sales |
0.01 | 0.05 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
Price to Operating Income |
12.41 | 10.70 | 9.45 | 12.54 | 0.00 | 5.43 | 4.20 | 9.96 | 39.58 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.36 | 0.38 | 0.35 | 0.32 | 0.26 | 0.25 | 0.31 | 0.25 | 0.23 | 0.21 |
Cash ROIC |
20.95% | 0.24% | (3.80%) | 10.68% | 0.89% | 19.31% | 0.18% | 11.21% | (1.16%) | (5.63%) |
Accounts Receivable Turnover |
9.92 | 9.20 | 7.86 | 7.35 | 5.94 | 8.60 | 8.88 | 7.47 | 7.11 | 6.97 |
Accounts Payable Turnover |
21.67 | 24.63 | 25.12 | 27.82 | 22.69 | 14.86 | 13.17 | 14.18 | 14.64 | 22.21 |
Inventory Turnover |
2.01 | 1.81 | 1.78 | 2.08 | 1.92 | 2.05 | 2.01 | 2.14 | 2.19 | 2.39 |
Average Days of Payables |
19.01 | 17.56 | 15.53 | 14.74 | 12.81 | 15.35 | 36.61 | 21.07 | 32.85 | 18.11 |
Days of Inventory on Hand |
178.54 | 221.74 | 232.98 | 192.29 | 176.27 | 162.04 | 210.39 | 170.66 | 183.65 | 159.41 |
Average Receivables |
4.17 | 3.69 | 3.27 | 3.05 | 3.07 | 3.01 | 2.76 | 2.79 | 2.61 | 2.48 |
Average Payables |
1.35 | 0.99 | 0.76 | 0.63 | 0.69 | 1.33 | 1.39 | 1.15 | 1.03 | 0.64 |
Average Inventory |
14.59 | 13.51 | 10.68 | 8.40 | 8.19 | 9.66 | 9.09 | 7.63 | 6.91 | 5.96 |
Average Assets |
27.79 | 23.87 | 20.38 | 19.70 | 20.60 | 18.95 | 15.12 | 13.36 | 13.39 | 12.15 |
Average Common Equity |
21.55 | 16.83 | 13.63 | 14.06 | 14.85 | 13.09 | 9.28 | 6.15 | 6.59 | 7.70 |
Columns are period end dates