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

Optex Systems Holdings Inc.

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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Market cap: $69.3M
P/E: 17.5×
Fwd P/E: 18.2×
Dividend yield: —
F-score: 8/9
Altman Z: 12.33
Beneish M: −2.65
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 sells 1.61

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	2	—	1	—	—	—	—	—	—	—

Insider Ownership 20.69%

Capital & Financial Ratios $m

Market Cap 69.32

Revenue 39.80

Net Income 3.89

Free Cash Flow 1.46

Net Debt (6.17)

Current Ratio 7.09

Debt/Equity 0.00

P/E ratio 17.54

Fwd P/E 18.20

P/S ratio 1.71

P/B ratio 2.45

Past 5Y EPS Growth 39.51%

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 3.54%

Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 76.44%

10-year low 10-year high

P/S against its own 10 years 85.55%

10-year low 10-year high

P/B against its own 10 years 77.44%

10-year low 10-year high

EV/Sales against its own 10 years 79.85%

10-year low 10-year high

EV/FCF against its own 10 years 81.20%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2018	0.04	0.02 0.02
2017	0.06	0.02 0.02 0.02

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	1	6	6
Receivables	4	4	5	4
Inventory	12	15	14	16
Other	0	0	0	0
	18	20	26	28

	2023	2024	2025	Q'26
Payables	1	1	2	1
ST’ Debt	1	1	—	—
Other	1	1	0	0
	4	5	5	4

Compound Annual Growth %

	10y	5y	3y
Sales	12.26%	9.81%	22.69%
Cash Flow	0.00%	12.12%	50.28%
Earnings	0.00%	33.21%	58.89%
Book Value	11.53%	11.69%	25.10%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	9	10	10	—	—
’25	8	11	11	11	41
’24	7	9	9	9	34
’23	4	6	7	8	26
’22	4	5	6	7	22
’21	4	4	4	5	18
’20	6	7	6	7	26

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	0	(1)	2	—	—
’25	3	1	1	2	7
’24	2	(1)	0	1	2
’23	0	(2)	0	1	0
’22	2	0	1	0	2
’21	0	0	1	(1)	0
’20	0	0	1	2	4

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(1)	(2)	2	—	—
’25	2	1	1	2	6
’24	2	(2)	0	1	0
’23	0	(2)	(1)	1	(1)
’22	1	0	0	0	2
’21	0	0	1	(1)	0
’20	0	0	1	2	4

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.03	0.19	0.18	—	—
’25	0.12	0.26	0.22	0.15	0.74
’24	0.06	0.16	0.18	0.15	0.55
’23	(0.03)	0.07	0.09	0.21	0.34
’22	0.00	(0.02)	0.05	0.12	0.16
’21	0.09	(0.07)	0.11	0.03	0.18
’20	(0.08)	0.15	(0.01)	0.08	0.14

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.59	0.59	0.93	1.25	1.40	1.39	1.55	2.87	5.14	5.36	Analyst estimates 2026–2028 Powerpack
	High	3.34	1.30	1.84	2.31	2.58	2.30	3.14	6.60	10.30	17.76
People
People	Employees	91	100	100	101	102	84	88	106	128	132
	Revenue/emp, $m	0.19	0.19	0.21	0.24	0.25	0.22	0.25	0.24	0.27	0.31
Income, $m
Income, $m	Revenue	17	19	21	25	26	18	22	26	34	41
	Gross margin, %	17.66	18.41	21.65	25.49	23.51	13.83	21.88	25.80	28.03	29.17
	EBT	0	0	2	5	2	2	2	3	5	6
	EBT margin, %	(1.20)	(1.64)	7.49	18.42	9.10	11.14	7.36	10.65	14.04	15.36
	Net income	0	0	1	6	2	2	1	2	4	5
	Depreciation	0	0	0	0	0	0	0	0	0	1
Per share, $
Per share, $	Revenue	11.17	2.32	2.47	2.92	3.06	2.21	2.75	3.88	5.03	6.02
	Earnings	(0.64)	(0.04)	0.11	0.67	0.14	0.18	0.16	0.34	0.56	0.75
	Cash flow	(0.35)	0.00	0.12	0.02	0.46	0.06	0.25	(0.04)	0.26	1.01
	Capex	(0.02)	(0.01)	(0.02)	(0.02)	(0.02)	(0.03)	(0.03)	(0.06)	(0.26)	(0.07)
	Free cash flow	(0.37)	(0.01)	0.10	0.00	0.44	0.03	0.22	(0.10)	0.01	0.94
	Book value	4.68	0.74	0.75	1.46	1.65	1.91	1.53	2.25	2.78	3.54
	Shares, m	2	8	8	8	8	8	8	7	7	7
Valuation, ×
Valuation, ×	P/E	0.00	0.00	14.58	2.79	13.22	12.31	16.55	11.71	13.63	17.19
	P/S	0.07	0.44	0.71	0.55	0.60	0.89	0.92	1.03	1.52	2.14
	P/B	0.16	1.36	2.33	1.10	1.12	1.03	1.66	1.77	2.74	3.64
	EV/Sales	(0.06)	0.36	0.67	0.52	0.45	0.72	1.03	1.04	1.53	2.02
	EV/FCF	1.83	(73.11)	16.15	505.50	3.08	63.23	12.93	(39.80)	47.35	13.05
Cash, $m
Cash, $m	Operating cash flow	(1)	0	1	0	4	0	2	0	2	7
	Capex	0	0	0	0	0	0	0	0	(2)	(1)
	Free cash flow	(1)	0	1	0	4	0	2	(1)	0	6
Balance, $m
Balance, $m	Working capital	9	8	8	12	12	13	10	13	15	21
	Total debt	0	0	0	0	1	4	3	2	1	—
	Net debt	(2)	(1)	(1)	(1)	(4)	0	2	0	0	(6)
	Shareholders’ equity	7	6	6	12	14	16	12	15	19	24
Returns, %
Returns, %	ROA	(11.61)	(3.81)	6.96	25.13	6.47	7.14	6.51	11.11	15.79	18.52
	ROIC	(11.45)	2.79	16.85	17.54	17.89	(2.00)	6.94	11.40	16.03	24.90
	ROE	(18.33)	(7.74)	15.13	40.97	9.37	9.91	9.12	16.60	22.38	23.88

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · 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
BYRN Byrna Technologies Inc.	$111.9M	— (loss-making)	888×	−45.72% (below 0%: shrinking)	n/m	+87.91% (above 0%: growing)	79.46%	(19.16%)	Compare
HOVR New Horizon Aircraft Ltd.	$94.7M	— (loss-making)	—	—	n/m	−208.15% (below 0%: shrinking)	—	0.00%	Compare
SPAI Safe Pro Group Inc.	$71.9M	— (loss-making)	— (loss-making)	+1,335.45% (above 0%: growing)	n/m	−159.09% (below 0%: shrinking)	64.02%	(245.60%)	Compare
OPXS Optex Systems Holdings Inc.	$69.3M	17.5×	18.2×	−12.43% (below 0%: shrinking)	−18.18% (below 0%: shrinking)	+53.00% (above 0%: growing)	34.18%	14.30%
FJET Starfighters Space, Inc.	$69.3M	— (loss-making)	—	—	n/m	−235.20% (below 0%: shrinking)	—	0.00%	Compare
EVTL Vertical Aerospace Ltd.	$68.7M	— (loss-making)	—	—	n/m	−586.27% (below 0%: shrinking)	0.00%	0.00%	Compare
CVU CPI Aerostructures, Inc.	$65.9M	17.0×	5.8×	+15.83% (above 0%: growing)	n/m	+98.60% (above 0%: growing)	22.02%	6.80%	Compare
MNTS Momentus Inc.	$61.7M	— (loss-making)	—	−86.91% (below 0%: shrinking)	n/m	−180.26% (below 0%: shrinking)	100.00%	(32,420.00%)	Compare
PEW GrabAGun Digital Holdings Inc.	$55.2M	— (loss-making)	—	+9.37% (above 0%: growing)	n/m	−650.00% (below 0%: shrinking)	13.46%	(11.08%)	Compare
Median of peers	$69.0M	—	—	+9.37%	—	−194.20%	43.02%	(5.54%)

All 82 Aerospace & Defense stocks →

Optex Systems Holdings Inc. (OPXS) key facts

Strength: Optex Systems Holdings Inc.’s revenue for fiscal 2025 (year ended September 2025) was $41.3 million, up 21.6% from fiscal 2024.
Optex Systems Holdings Inc. (OPXS) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, OPXS traded at $9.82, a market capitalization of $69.3 million.
Return on equity was 23.9% and debt-to-equity 0.00.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 12.33 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.