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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%
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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
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% (at or above 15%: strong)
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
EV/Sales is 1.6×, against a ten-year median of 0.6×; over the ten years it ranged from −0.1× in 2016 to 2.7× in 2025.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Optex Systems Holdings Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

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.

Optex Systems Holdings Inc. (OPXS) Latest News

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stockrow.com/OPXS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com