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Optex Systems (OPXS) Financials

Optex Systems logo
$12.22 -0.54 (-4.23%)
Closing price 07/20/2026 04:00 PM Eastern
Extended Trading
$11.64 -0.58 (-4.71%)
As of 07/20/2026 07:37 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Optex Systems

Annual Income Statements for Optex Systems

This table shows Optex Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 -5.95 -1.41 -0.51 0.93 3.80 1.23 1.47 1.28 2.26 3.77 5.15
Consolidated Net Income / (Loss)		 0.49 -0.21 -0.30 1.39 5.67 1.83 2.13 1.28 2.26 3.77 5.15
Net Income / (Loss) Continuing Operations		 0.49 -0.21 -0.30 1.39 2.98 1.83 2.13 1.28 2.26 3.77 5.15
Total Pre-Tax Income 		0.49 -0.21 -0.30 1.56 4.52 2.36 2.03 1.65 2.73 4.77 6.35
Total Operating Income		 -1.44 -0.91 0.20 1.49 3.20 2.88 -0.49 1.65 2.79 4.82 7.13
Total Gross Profit		 1.39 3.05 3.41 4.52 6.25 6.09 2.52 4.90 6.62 9.53 12
Total Revenue		 13 17 19 21 25 26 18 22 26 34 41
Operating Revenue		 13 17 19 21 25 26 18 22 26 34 41
Total Cost of Revenue		 12 14 15 16 18 20 16 17 19 24 29
Operating Cost of Revenue		 12 14 15 16 18 20 16 17 19 24 29
Total Operating Expenses		 2.83 3.96 3.21 3.03 3.06 3.21 3.01 3.25 3.83 4.71 4.93
Selling, General & Admin Expense		 2.83 3.96 3.21 3.03 3.06 3.21 3.01 3.25 3.83 4.71 4.93
Total Other Income / (Expense), net		 1.93 0.70 -0.51 0.08 -1.37 -0.53 2.52 0.00 -0.06 -0.09 -0.78
Interest Expense		 0.18 0.04 0.02 0.02 0.02 0.02 0.01 0.00 0.06 0.05 -0.02
Other Income / (Expense), net		 2.11 0.74 -0.49 0.10 1.34 -0.51 2.54 - - -0.05 -0.80
Income Tax Expense		 0.00 0.00 0.00 0.17 -1.15 0.53 -0.10 0.36 0.47 1.01 1.20
Basic Earnings per Share		 ($19.06) ($0.91) ($0.06) $0.11 $0.45 $0.14 $0.18 $0.16 $0.34 $0.56 $0.75
Weighted Average Basic Shares Outstanding		 312.22K 1.55M 8.00M 8.46M 8.39M 8.46M 8.24M 8.13M 6.62M 6.76M 6.87M
Diluted Earnings per Share		 ($19.06) ($0.91) ($0.06) $0.11 $0.45 $0.14 $0.18 $0.16 $0.34 $0.55 $0.74
Weighted Average Diluted Shares Outstanding		 312.22K 1.55M 8.00M 8.80M 8.49M 8.59M 8.32M 8.22M 6.65M 6.83M 6.92M
Weighted Average Basic & Diluted Shares Outstanding		 312.22K 1.55M 8.00M 8.33M 8.44M 8.52M 8.46M 6.72M 6.78M 6.90M 6.94M

Quarterly Income Statements for Optex Systems

This table shows Optex Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.43 0.43 1.06 1.26 1.01 0.84 1.77 1.51 1.03 0.24 1.34
Consolidated Net Income / (Loss)		 1.43 0.43 1.06 1.26 1.01 0.84 1.77 1.51 1.03 0.24 1.34
Net Income / (Loss) Continuing Operations		 1.43 0.43 1.06 1.26 1.01 0.84 1.77 1.51 1.03 0.24 1.34
Total Pre-Tax Income 		1.68 0.55 1.35 1.60 1.28 0.90 2.24 1.91 1.30 0.20 1.70
Total Operating Income		 1.70 0.55 1.36 1.62 1.30 0.92 2.24 1.91 2.07 0.15 1.66
Total Gross Profit		 2.64 1.68 2.56 2.88 2.41 2.13 3.36 3.17 3.40 2.10 3.39
Total Revenue		 8.08 6.97 8.52 9.06 9.44 8.20 11 11 11 9.15 9.63
Operating Revenue		 8.08 6.97 8.52 9.06 9.44 8.20 11 11 11 9.15 9.63
Total Cost of Revenue		 5.44 5.28 5.97 6.18 7.04 6.07 7.37 7.94 7.90 7.05 6.24
Operating Cost of Revenue		 5.44 5.28 5.97 6.18 7.04 6.07 7.37 7.94 7.90 7.05 6.24
Total Operating Expenses		 0.94 1.13 1.20 1.27 1.11 1.21 1.12 1.26 1.33 1.95 1.73
Selling, General & Admin Expense		 0.94 1.13 1.20 1.27 1.11 1.21 1.12 1.26 1.33 1.95 1.73
Total Other Income / (Expense), net		 -0.03 -0.01 -0.01 -0.02 -0.06 -0.01 0.00 0.00 -0.77 0.05 0.04
Interest Expense		 0.03 0.01 0.01 0.02 0.01 0.01 -0.00 0.00 -0.04 -0.05 -0.04
Income Tax Expense		 0.25 0.12 0.29 0.34 0.27 0.06 0.47 0.40 0.27 -0.05 0.36
Basic Earnings per Share		 $0.21 $0.06 $0.16 $0.19 $0.15 $0.12 $0.26 $0.22 $0.15 $0.04 $0.19
Weighted Average Basic Shares Outstanding		 6.62M 6.67M 6.77M 6.80M 6.76M 6.81M 6.87M 6.88M 6.87M 6.89M 6.92M
Diluted Earnings per Share		 $0.21 $0.06 $0.16 $0.18 $0.15 $0.12 $0.26 $0.22 $0.14 $0.03 $0.19
Weighted Average Diluted Shares Outstanding		 6.65M 6.72M 6.82M 6.89M 6.83M 6.91M 6.89M 6.93M 6.92M 6.96M 6.93M
Weighted Average Basic & Diluted Shares Outstanding		 6.78M 6.82M 6.85M 6.87M 6.90M 6.90M 6.91M 6.91M 6.94M 6.94M 6.96M

Annual Cash Flow Statements for Optex Systems

This table details how cash moves in and out of Optex Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Net Change in Cash & Equivalents		 -1.00 1.89 -0.89 -0.60 -0.07 3.63 -0.80 -2.97 0.27 -0.20 5.38
Net Cash From Operating Activities		 -1.19 -0.54 0.02 1.04 0.16 3.91 0.48 2.04 -0.30 1.78 6.93
Net Cash From Continuing Operating Activities		 -1.19 -0.54 0.02 0.99 0.16 3.91 0.48 2.04 -0.30 1.78 6.93
Net Income / (Loss) Continuing Operations		 0.49 -0.21 -0.30 1.39 5.67 1.83 2.13 1.28 2.26 3.77 5.15
Consolidated Net Income / (Loss)		 0.49 -0.21 -0.30 1.39 5.67 1.83 2.13 1.28 2.26 3.77 5.15
Depreciation Expense		 0.33 0.35 0.34 0.33 0.34 0.25 0.26 0.31 0.35 0.49 0.52
Non-Cash Adjustments To Reconcile Net Income		 0.54 -0.50 0.78 -0.63 -1.60 0.78 -2.24 0.90 0.30 0.22 1.12
Changes in Operating Assets and Liabilities, net		 -2.56 -0.18 -0.80 -0.10 -4.25 1.06 0.32 -0.45 -3.20 -2.70 0.15
Net Cash From Investing Activities		 -2.10 -0.03 -0.11 -0.17 -0.14 -0.15 -0.27 -0.26 -0.38 -1.73 -0.50
Net Cash From Continuing Investing Activities		 -2.10 -0.03 -0.11 -0.17 -0.14 -0.15 -0.27 -0.26 -0.38 -1.73 -0.50
Purchase of Property, Plant & Equipment		 -2.10 -0.03 -0.15 -0.17 -0.14 -0.15 -0.27 -0.26 -0.38 -0.68 -0.49
Acquisitions		 - - - - - - - - 0.00 -1.05 -0.01
Net Cash From Financing Activities		 2.29 2.45 -0.79 -1.42 -0.09 -0.13 -1.01 -4.75 0.94 -0.25 -1.05
Net Cash From Continuing Financing Activities		 2.29 2.45 -0.79 -1.42 -0.09 -0.13 -1.01 -4.75 0.94 -0.25 -1.05
Repayment of Debt		 -0.07 -0.50 - 0.00 -0.05 - -0.38 0.00 -0.51 -1.35 -1.00
Issuance of Debt		 2.36 - - - - 0.13 - 0.00 1.51 1.35 0.00
Other Financing Activities, net		 - 0.00 -0.02 0.06 0.04 -0.05 0.24 -0.02 -0.06 -0.25 -0.05
Cash Interest Paid		 0.03 0.05 0.02 0.02 0.02 0.02 0.01 0.00 0.06 0.05 0.01
Cash Interest Received		 - - - - - - - - - 0.00 0.04
Cash Income Taxes Paid		 - - 0.00 -0.14 0.36 0.29 0.05 -0.31 0.53 1.20 1.44

Quarterly Cash Flow Statements for Optex Systems

This table details how cash moves in and out of Optex Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026
Net Change in Cash & Equivalents		 0.89 1.17 -2.05 0.17 0.52 1.48 1.04 1.34 1.52 -0.55 -1.68
Net Cash From Operating Activities		 1.11 2.25 -1.28 0.05 0.75 2.80 1.18 1.38 1.56 -0.09 -1.24
Net Cash From Continuing Operating Activities		 1.11 2.25 -1.28 0.05 0.75 2.80 1.18 1.38 1.56 -0.09 -1.24
Net Income / (Loss) Continuing Operations		 1.43 0.43 1.06 1.26 1.01 0.84 1.77 1.51 1.03 0.24 1.34
Consolidated Net Income / (Loss)		 1.43 0.43 1.06 1.26 1.01 0.84 1.77 1.51 1.03 0.24 1.34
Depreciation Expense		 0.09 0.09 0.12 0.13 0.15 0.13 0.13 0.13 0.13 0.09 0.10
Non-Cash Adjustments To Reconcile Net Income		 0.41 0.18 0.01 -0.15 0.19 -0.02 0.14 0.43 0.57 0.28 -0.03
Changes in Operating Assets and Liabilities, net		 -0.83 1.55 -2.46 -1.19 -0.60 1.85 -0.85 -0.69 -0.16 -0.71 -2.65
Net Cash From Investing Activities		 -0.01 -0.06 -1.14 -0.31 -0.23 -0.32 -0.14 - -0.04 -0.46 -0.39
Net Cash From Continuing Investing Activities		 -0.01 -0.06 -1.14 -0.31 -0.23 -0.32 -0.14 - -0.04 -0.46 -0.39
Purchase of Property, Plant & Equipment		 -0.01 -0.06 -0.11 -0.31 -0.21 -0.32 -0.13 - -0.04 -0.46 -0.39
Net Cash From Financing Activities		 -0.21 -1.03 0.36 0.42 -0.00 -1.00 - -0.04 -0.00 0.00 -0.04
Net Cash From Continuing Financing Activities		 -0.21 -1.03 0.36 0.42 -0.00 -1.00 - -0.04 -0.00 0.00 -0.04
Cash Interest Received		 - - - - - 0.00 - - - 0.05 0.04

Annual Balance Sheets for Optex Systems

This table presents Optex Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Total Assets		 12 13 14 13 18 20 21 19 22 26 30
Total Current Assets		 9.43 11 12 11 15 17 15 13 18 20 26
Cash & Equivalents		 0.68 2.57 1.68 1.13 1.07 4.70 3.90 0.93 1.20 1.01 6.39
Accounts Receivable		 2.87 2.10 3.13 2.46 3.07 2.95 3.18 2.91 3.62 3.76 4.57
Inventories, net		 5.71 6.21 7.61 7.64 11 8.79 7.58 9.21 12 15 14
Prepaid Expenses		 0.17 0.12 0.06 0.10 0.35 0.23 0.26 0.33 0.22 0.22 0.29
Other Current Assets		 - - - - - - - 0.00 0.34 0.22 0.14
Plant, Property, & Equipment, net		 1.97 1.65 1.46 1.30 1.10 1.01 1.02 0.97 1.00 1.29 1.43
Total Noncurrent Assets		 0.14 0.11 0.08 0.05 1.44 2.67 4.91 4.19 3.69 4.15 2.92
Noncurrent Deferred & Refundable Income Taxes		 - - - 0.00 1.41 1.23 1.29 0.94 0.92 0.95 1.20
Other Noncurrent Operating Assets		 0.14 0.11 0.08 0.05 0.02 1.44 3.62 3.25 2.76 2.26 1.72
Total Liabilities & Shareholders' Equity		 12 13 14 13 18 20 21 19 22 26 30
Total Liabilities		 3.39 5.52 8.08 6.34 5.35 6.37 5.14 6.13 7.36 6.71 5.77
Total Current Liabilities		 3.32 2.40 4.47 2.84 3.31 4.96 2.01 3.37 4.08 4.95 4.56
Accounts Payable		 0.58 0.71 1.36 0.94 1.83 0.83 0.55 0.71 0.81 1.18 1.53
Accrued Expenses		 0.84 0.84 1.62 1.27 1.23 1.16 0.88 1.13 1.68 1.55 1.94
Current Deferred Revenue		 1.09 0.56 0.93 0.31 0.00 - 0.00 - 0.48 0.26 0.23
Current Deferred & Payable Income Tax Liabilities		 - - 0.00 0.02 - - 0.00 0.33 0.25 0.07 0.09
Other Current Liabilities		 - - - - 0.00 2.96 0.58 0.89 0.86 0.90 0.78
Total Noncurrent Liabilities		 0.07 3.12 3.61 3.50 2.04 1.41 3.13 2.76 3.28 1.76 1.21
Other Noncurrent Operating Liabilities		 0.00 3.12 3.61 - 2.04 1.04 3.13 2.76 - 1.76 1.21
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8.16 7.24 5.95 6.34 12 14 16 12 15 19 24
Total Preferred & Common Equity		 8.16 7.24 5.95 6.34 12 14 16 12 15 19 24
Total Common Equity		 8.16 7.24 5.95 6.34 12 14 16 12 15 19 24
Common Stock		 26 27 26 26 26 26 26 21 21 21 22
Retained Earnings		 -18 -20 -20 -20 -14 -12 -9.98 -8.70 -6.43 -2.66 2.48

Quarterly Balance Sheets for Optex Systems

This table presents Optex Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 12/29/2024 3/30/2025 6/29/2025 12/28/2025 3/29/2026
Total Assets		 22 24 25 25 27 29 30 31
Total Current Assets		 18 18 19 19 22 24 26 26
Cash & Equivalents		 2.37 0.32 0.49 2.49 3.53 4.87 5.84 4.16
Accounts Receivable		 2.43 3.68 3.32 1.73 4.24 4.14 4.36 5.66
Inventories, net		 13 14 15 15 14 15 15 16
Prepaid Expenses		 0.15 0.40 0.32 0.27 0.41 0.47 0.21 0.58
Other Current Assets		 0.26 0.25 0.24 0.20 0.18 0.16 0.13 0.12
Plant, Property, & Equipment, net		 0.96 0.98 1.19 1.52 1.57 1.48 1.79 2.09
Total Noncurrent Assets		 3.53 4.48 4.19 3.93 3.63 3.56 2.91 2.62
Noncurrent Deferred & Refundable Income Taxes		 0.89 0.88 0.84 0.89 0.75 0.85 1.24 1.10
Other Noncurrent Operating Assets		 2.64 2.51 2.39 2.13 1.99 1.86 1.66 1.52
Total Liabilities & Shareholders' Equity		 22 24 25 25 27 29 30 31
Total Liabilities		 7.01 7.34 7.13 5.06 5.89 6.05 5.47 4.56
Total Current Liabilities		 4.86 4.73 5.24 3.44 4.41 4.70 4.35 3.59
Accounts Payable		 1.80 2.05 1.71 0.99 1.73 1.78 1.40 0.91
Accrued Expenses		 1.32 1.42 1.47 1.31 1.64 1.57 1.77 1.73
Customer Deposits		 0.48 - - 0.21 0.17 - 0.24 0.23
Current Deferred & Payable Income Tax Liabilities		 0.33 0.00 0.00 0.07 0.00 0.00 0.09 0.00
Other Current Liabilities		 0.93 0.78 1.74 0.86 0.87 1.07 0.85 0.73
Total Noncurrent Liabilities		 2.16 2.61 1.89 1.62 1.49 1.35 1.12 0.96
Other Noncurrent Operating Liabilities		 2.16 0.09 - 1.62 1.49 1.35 1.12 0.96
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 15 16 18 20 22 23 25 26
Total Preferred & Common Equity		 15 16 18 20 22 23 25 26
Total Common Equity		 15 16 18 20 22 23 25 26
Common Stock		 21 21 21 22 22 22 22 22
Retained Earnings		 -6.00 -4.94 -3.68 -1.82 -0.05 1.46 2.73 4.07

Annual Metrics And Ratios for Optex Systems

This table displays calculated financial ratios and metrics derived from Optex Systems' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
DEI Shares Outstanding		 174,913,943.00 1,621,145.00 7,590,101.00 8,246,003.00 8,436,422.00 8,761,626.00 8,483,295.00 16,641,730.00 6,763,070.00 6,873,234.00 6,913,623.00
DEI Adjusted Shares Outstanding		 174,913,943.00 1,621,145.00 7,590,101.00 8,246,003.00 8,436,422.00 8,761,626.00 8,483,295.00 16,641,730.00 6,763,070.00 6,873,234.00 6,913,623.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.03 -0.87 -0.07 0.11 0.45 0.14 0.17 0.08 0.33 0.55 0.74
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 27.38% 32.88% 7.34% 12.43% 17.63% 5.54% -29.62% 22.84% 14.64% 32.49% 21.60%
EBITDA Growth		 211.93% -82.77% -69.94% 3,569.23% 155.82% -46.26% -12.16% -15.19% 60.29% 67.98% 30.07%
EBIT Growth		 168.58% -125.67% -65.70% 654.74% 187.22% -47.70% -14.06% -19.30% 69.22% 71.30% 32.55%
NOPAT Growth		 -110.56% 55.72% 122.39% 829.29% 202.24% -44.32% -123.22% 347.41% 79.93% 64.83% 51.90%
Net Income Growth		 123.81% -142.36% -46.15% 558.55% 306.60% -67.80% 16.77% -39.79% 76.38% 66.50% 36.60%
EPS Growth		 -181.95% 95.23% 93.41% 283.33% 309.09% -68.89% 28.57% -11.11% 112.50% 61.76% 34.55%
Operating Cash Flow Growth		 -171.10% 54.63% 102.97% 6,393.75% -84.60% 2,344.38% -87.70% 324.53% -114.50% 701.69% 289.16%
Free Cash Flow Firm Growth		 -288.10% 148.60% -89.20% 121.20% -391.45% 312.46% -167.48% 160.59% -294.42% 161.61% 243.45%
Invested Capital Growth		 96.82% -40.04% -2.96% 14.22% 106.68% -15.24% 22.37% -2.88% 47.62% 10.99% -4.77%
Revenue Q/Q Growth		 22.36% 1.86% 6.32% -5.47% 3.38% 4.03% -10.49% 8.04% 5.51% 4.19% 4.70%
EBITDA Q/Q Growth		 145.12% -76.11% 120.88% -53.09% 1,425.31% -44.79% -16.49% 380.10% 14.47% -7.05% -0.73%
EBIT Q/Q Growth		 126.86% -145.62% 51.45% -57.75% 21,723.81% -47.00% -18.39% 1,295.76% 16.22% -8.65% -0.52%
NOPAT Q/Q Growth		 17.52% -269.15% 130.91% -11.23% 142.78% -42.03% -206.96% 1,077.58% 26.02% -10.09% 12.08%
Net Income Q/Q Growth		 128.71% -161.72% 50.16% -61.03% 1,983.06% -66.27% -15.23% 121.97% 25.10% -9.96% 0.21%
EPS Q/Q Growth		 32.19% -231.88% -110.17% -57.69% 1,225.00% -68.18% -14.29% 100.00% 30.77% -9.84% -1.33%
Operating Cash Flow Q/Q Growth		 -7,525.00% -32.11% 101.79% -23.43% 788.89% 92.09% -84.81% 62.71% 76.30% -16.50% 13.23%
Free Cash Flow Firm Q/Q Growth		 -131.52% 579.84% -90.05% 168.84% -228.58% 2,153.28% -497.52% 448.40% -76.87% 378.51% 10.67%
Invested Capital Q/Q Growth		 16.69% -38.17% 3.36% -22.31% 56.18% -11.99% 9.59% 8.32% 19.21% -1.78% -1.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 10.66% 17.66% 18.41% 21.65% 25.49% 23.51% 13.83% 21.88% 25.80% 28.03% 29.17%
EBITDA Margin		 7.72% 1.00% 0.28% 9.15% 19.90% 10.13% 12.64% 8.73% 12.21% 15.48% 16.55%
Operating Margin		 -11.07% -5.27% 1.10% 7.13% 13.03% 11.14% -2.71% 7.36% 10.86% 14.18% 17.25%
EBIT Margin		 5.15% -1.00% -1.54% 7.58% 18.51% 9.17% 11.20% 7.36% 10.86% 14.04% 15.31%
Profit (Net Income) Margin		 3.78% -1.20% -1.64% 6.68% 23.11% 7.05% 11.69% 5.73% 8.82% 11.08% 12.45%
Tax Burden Percent		 100.00% 100.00% 100.00% 89.30% 125.45% 77.46% 104.98% 77.90% 82.83% 78.93% 81.04%
Interest Burden Percent		 73.28% 120.93% 106.67% 98.74% 99.49% 99.20% 99.46% 100.00% 98.03% 100.00% 100.36%
Effective Tax Rate		 0.00% 0.00% 0.00% 10.70% -25.45% 22.54% -4.98% 22.10% 17.17% 21.07% 18.96%
Return on Invested Capital (ROIC)		 -23.03% -9.62% 2.92% 25.68% 47.46% 21.22% -4.83% 11.02% 16.25% 21.30% 31.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 -272.03% -49.89% 29.28% 18.82% -153.29% 37.11% -69.28% 11.02% 8.29% 17.71% 51.28%
Return on Net Nonoperating Assets (RNNOA)		 30.02% 6.91% -7.53% -2.99% 13.64% -7.28% 19.19% -1.89% 0.35% 1.09% -7.61%
Return on Equity (ROE)		 6.99% -2.70% -4.61% 22.69% 61.10% 13.94% 14.36% 9.12% 16.60% 22.38% 23.88%
Cash Return on Invested Capital (CROIC)		 -88.27% 40.44% 5.92% 12.40% -22.11% 37.72% -24.95% 13.94% -22.21% 10.88% 36.39%
Operating Return on Assets (OROA)		 6.60% -1.42% -2.13% 11.84% 30.03% 12.53% 9.91% 8.36% 13.68% 20.00% 22.77%
Return on Assets (ROA)		 4.84% -1.71% -2.27% 10.44% 37.48% 9.63% 10.34% 6.51% 11.11% 15.79% 18.52%
Return on Common Equity (ROCE)		 6.99% -2.70% -4.61% 22.69% 61.10% 13.94% 14.36% 9.12% 16.60% 22.38% 23.88%
Return on Equity Simple (ROE_SIMPLE)		 6.02% -2.87% -5.11% 21.97% 46.43% 13.06% 13.56% 10.34% 15.23% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.44 -0.64 0.14 1.33 4.01 2.23 -0.52 1.28 2.31 3.81 5.78
NOPAT Margin		 -11.07% -3.69% 0.77% 6.36% 16.35% 8.63% -2.85% 5.73% 9.00% 11.19% 13.98%
Net Nonoperating Expense Percent (NNEP)		 249.00% 40.27% -26.37% 6.86% 200.76% -15.88% 64.45% 0.00% 7.96% 3.59% -19.79%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 12.72% 19.21% 23.79%
Cost of Revenue to Revenue		 89.34% 82.34% 81.59% 78.35% 74.51% 76.49% 86.17% 78.12% 74.20% 71.97% 70.83%
SG&A Expenses to Revenue		 21.73% 22.93% 17.31% 14.53% 12.46% 12.38% 16.54% 14.52% 14.93% 13.85% 11.91%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 21.73% 22.93% 17.31% 14.53% 12.46% 12.38% 16.54% 14.52% 14.93% 13.85% 11.91%
Earnings before Interest and Taxes (EBIT)		 0.67 -0.17 -0.29 1.58 4.54 2.38 2.04 1.65 2.79 4.77 6.33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.00 0.17 0.05 1.91 4.88 2.62 2.30 1.95 3.13 5.26 6.84
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.24 0.00 0.01 1.36 1.08 1.17 1.00 1.25 1.89 2.74 3.72
Price to Tangible Book Value (P/TBV)		 0.24 0.00 0.01 1.36 1.08 1.17 1.00 1.25 1.89 2.89 3.72
Price to Revenue (P/Rev)		 0.15 0.00 0.00 0.42 0.54 0.63 0.87 0.69 1.10 1.52 2.19
Price to Earnings (P/E)		 0.00 0.00 0.00 9.31 3.46 13.28 10.73 12.06 12.42 13.70 17.57
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 10.74% 28.87% 7.53% 9.32% 8.29% 8.05% 7.30% 5.69%
Enterprise Value to Invested Capital (EV/IC)		 0.25 0.00 0.00 1.42 1.08 1.24 1.01 1.27 1.78 2.75 4.69
Enterprise Value to Revenue (EV/Rev)		 0.16 0.00 0.00 0.38 0.50 0.46 0.65 0.65 1.18 1.52 2.03
Enterprise Value to EBITDA (EV/EBITDA)		 2.05 0.00 0.00 4.10 2.53 4.56 5.16 7.44 9.64 9.81 12.28
Enterprise Value to EBIT (EV/EBIT)		 3.07 0.00 0.00 4.95 2.72 5.04 5.82 8.83 10.83 10.81 13.28
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 5.90 3.08 5.36 0.00 11.34 13.07 13.56 14.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 7.53 77.14 3.06 24.70 7.12 0.00 28.98 12.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 12.21 0.00 3.02 0.00 8.96 0.00 26.55 12.59
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.10 0.04 0.05 0.05 0.02 0.03 0.00 0.00 0.22 0.05 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.22 0.00 0.00
Financial Leverage		 -0.11 -0.14 -0.26 -0.16 -0.09 -0.20 -0.28 -0.17 0.04 0.06 -0.15
Leverage Ratio		 1.44 1.58 2.03 2.17 1.63 1.45 1.39 1.40 1.49 1.42 1.29
Compound Leverage Factor		 1.06 1.91 2.17 2.15 1.62 1.44 1.38 1.40 1.47 1.42 1.29
Debt to Total Capital		 9.10% 3.98% 4.80% 4.52% 2.01% 2.63% 0.00% 0.00% 18.09% 5.05% 0.00%
Short-Term Debt to Total Capital		 9.10% 3.98% 4.80% 4.52% 2.01% 0.00% 0.00% 0.00% 0.00% 5.05% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 2.63% 0.00% 0.00% 18.09% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 90.90% 96.02% 95.20% 95.48% 97.99% 97.37% 100.00% 100.00% 81.91% 94.95% 100.00%
Debt to EBITDA		 0.81 1.73 5.77 0.16 0.05 0.14 0.00 0.00 1.05 0.19 0.00
Net Debt to EBITDA		 0.13 -13.11 -26.58 -0.44 -0.17 -1.65 0.00 0.00 0.66 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.14 0.00 0.00 1.05 0.00 0.00
Debt to NOPAT		 -0.57 -0.47 2.10 0.23 0.06 0.17 0.00 0.00 1.42 0.26 0.00
Net Debt to NOPAT		 -0.09 3.56 -9.68 -0.63 -0.20 -1.94 0.00 0.00 0.90 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.17 0.00 0.00 1.42 0.00 0.00
Altman Z-Score		 0.08 -0.04 -0.10 1.51 3.42 3.05 3.11 3.01 4.18 7.13 12.44
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.84 4.58 2.79 3.99 4.53 3.36 7.43 3.97 4.30 4.05 5.64
Quick Ratio		 1.07 1.94 1.07 1.26 1.25 1.54 3.53 1.14 1.18 0.96 2.40
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5.52 2.68 0.29 0.64 -1.87 3.97 -2.68 1.62 -3.16 1.94 6.68
Operating Cash Flow to CapEx		 -56.57% -1,796.67% 14.81% 622.16% 118.52% 2,573.03% 175.55% 794.55% -78.72% 261.53% 1,403.04%
Free Cash Flow to Firm to Interest Expense		 -30.83 74.51 15.25 32.05 -81.23 208.91 -243.51 0.00 -57.37 41.36 0.00
Operating Cash Flow to Interest Expense		 -6.64 -14.97 0.84 51.95 6.96 205.84 43.73 0.00 -5.38 37.89 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -18.37 -15.81 -4.84 43.60 1.09 197.84 18.82 0.00 -12.22 23.40 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.28 1.42 1.38 1.56 1.62 1.37 0.88 1.14 1.26 1.42 1.49
Accounts Receivable Turnover		 7.23 6.97 7.11 7.47 8.88 8.60 5.94 7.35 7.86 9.20 9.92
Inventory Turnover		 2.00 2.39 2.19 2.14 2.01 2.05 1.92 2.08 1.78 1.81 2.01
Fixed Asset Turnover		 11.96 9.54 11.92 15.11 20.42 24.56 18.01 22.55 26.10 29.69 30.41
Accounts Payable Turnover		 26.19 22.21 14.64 14.18 13.17 14.86 22.69 27.82 25.12 24.63 21.67
Days Sales Outstanding (DSO)		 50.48 52.40 51.36 48.86 41.10 42.43 61.45 49.66 46.46 39.66 36.79
Days Inventory Outstanding (DIO)		 182.59 152.99 166.76 170.38 181.47 178.11 190.31 175.29 204.79 201.52 181.91
Days Payable Outstanding (DPO)		 13.93 16.43 24.94 25.75 27.72 24.57 16.09 13.12 14.53 14.82 16.84
Cash Conversion Cycle (CCC)		 219.14 188.95 193.19 193.49 194.85 195.97 235.68 211.83 236.71 226.36 201.86
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8.29 4.97 4.83 5.51 11 9.65 12 11 17 19 18
Invested Capital Turnover		 2.08 2.61 3.79 4.04 2.90 2.46 1.70 1.92 1.81 1.90 2.25
Increase / (Decrease) in Invested Capital		 4.08 -3.32 -0.15 0.69 5.88 -1.74 2.16 -0.34 5.46 1.86 -0.90
Enterprise Value (EV)		 2.06 -2.25 -1.30 7.83 12 12 12 15 30 52 84
Market Capitalization		 1.92 0.02 0.08 8.66 13 16 16 15 28 52 90
Book Value per Share		 $0.05 $4.47 $0.78 $0.77 $1.45 $1.60 $1.85 $1.49 $2.20 $2.74 $3.51
Tangible Book Value per Share		 $0.05 $4.47 $0.78 $0.77 $1.45 $1.60 $1.85 $1.49 $2.20 $2.60 $3.51
Total Capital		 8.98 7.54 6.25 6.64 12 14 16 12 18 20 24
Total Debt		 0.82 0.30 0.30 0.30 0.25 0.38 0.00 0.00 3.28 1.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.38 0.00 0.00 3.28 0.00 0.00
Net Debt		 0.13 -2.27 -1.38 -0.83 -0.82 -4.32 -3.90 -0.93 2.08 -0.01 -6.39
Capital Expenditures (CapEx)		 2.10 0.03 0.11 0.17 0.14 0.15 0.27 0.26 0.38 0.68 0.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 6.24 6.33 6.63 7.66 11 7.02 9.02 9.08 12 15 15
Debt-free Net Working Capital (DFNWC)		 6.93 8.89 8.31 8.79 12 12 13 10 13 16 21
Net Working Capital (NWC)		 6.11 8.59 8.01 8.49 12 12 13 10 13 15 21
Net Nonoperating Expense (NNE)		 -1.93 -0.43 0.45 -0.07 -1.66 0.41 -2.65 0.00 0.05 0.04 0.63
Net Nonoperating Obligations (NNO)		 0.13 -2.27 -1.12 -0.83 -0.82 -4.32 -3.90 -0.93 2.08 -0.01 -6.39
Total Depreciation and Amortization (D&A)		 0.33 0.35 0.34 0.33 0.34 0.25 0.26 0.31 0.35 0.49 0.52
Debt-free, Cash-free Net Working Capital to Revenue		 48.01% 36.61% 35.74% 36.72% 44.38% 27.11% 49.50% 40.57% 47.76% 44.46% 35.70%
Debt-free Net Working Capital to Revenue		 53.26% 51.47% 44.81% 42.16% 48.74% 45.26% 70.90% 44.74% 52.45% 47.42% 51.16%
Net Working Capital to Revenue		 46.98% 49.74% 43.19% 40.72% 47.72% 45.26% 70.90% 44.74% 52.45% 44.48% 51.16%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($19.06) ($0.64) ($0.04) $0.11 $0.45 $0.14 $0.00 $0.16 $0.34 $0.56 $0.75
Adjusted Weighted Average Basic Shares Outstanding		 312.22K 8.14M 8.59M 8.46M 8.39M 8.46M 0.00 8.13M 6.62M 6.76M 6.87M
Adjusted Diluted Earnings per Share		 ($19.06) ($0.64) ($0.04) $0.11 $0.45 $0.14 $0.00 $0.16 $0.34 $0.55 $0.74
Adjusted Weighted Average Diluted Shares Outstanding		 429.90K 8.14M 8.59M 8.80M 8.49M 8.59M 0.00 8.22M 6.65M 6.83M 6.92M
Adjusted Basic & Diluted Earnings per Share		 ($19.06) ($0.64) ($0.04) $0.11 $0.45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 429.90K 1.55M 8.00M 8.33M 8.44M 8.52M 0.00 6.72M 6.78M 6.90M 6.94M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.01 -0.64 0.14 1.33 2.24 2.23 -0.35 1.28 2.31 3.81 5.78
Normalized NOPAT Margin		 -7.75% -3.69% 0.77% 6.36% 9.12% 8.63% -1.90% 5.73% 9.00% 11.19% 13.98%
Pre Tax Income Margin		 3.78% -1.20% -1.64% 7.49% 18.42% 9.10% 11.14% 7.36% 10.65% 14.04% 15.36%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.74 -4.78 -15.00 79.05 197.43 125.00 185.55 0.00 50.67 101.57 0.00
NOPAT to Interest Expense		 -8.04 -17.71 7.52 66.35 174.38 117.54 -47.14 0.00 41.97 80.96 0.00
EBIT Less CapEx to Interest Expense		 -7.99 -5.61 -20.68 70.70 191.57 117.00 160.64 0.00 43.84 87.09 0.00
NOPAT Less CapEx to Interest Expense		 -19.78 -18.55 1.83 58.00 168.51 109.54 -72.05 0.00 35.14 66.47 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% -85.86% 56.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -21.63% -256.25% 106.46% 1.32% 10.96% 40.78% 368.82% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Optex Systems

This table displays calculated financial ratios and metrics derived from Optex Systems' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026
DEI Shares Outstanding		 6,763,070.00 6,763,070.00 6,823,693.00 6,852,808.00 6,873,234.00 6,896,738.00 6,896,738.00 6,912,919.00 6,913,623.00 - 6,937,358.00
DEI Adjusted Shares Outstanding		 6,763,070.00 6,763,070.00 6,823,693.00 6,852,808.00 6,873,234.00 6,896,738.00 6,896,738.00 6,912,919.00 6,913,623.00 - 6,937,358.00
DEI Earnings Per Adjusted Shares Outstanding		 0.21 0.06 0.16 0.18 0.15 0.12 0.26 0.22 0.15 - 0.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.89% 72.48% 33.80% 26.32% 16.92% 17.65% 25.89% 22.63% 19.64% 11.55% -10.28%
EBITDA Growth		 28.31% 420.90% 110.43% 108.47% -19.61% 62.02% 60.42% 16.89% 52.25% -77.13% -25.48%
EBIT Growth		 29.63% 296.10% 120.49% 114.76% -23.80% 65.64% 64.97% 18.33% 59.44% -83.73% -25.61%
NOPAT Growth		 48.65% 321.14% 120.29% 114.78% -29.42% 96.13% 65.30% 18.49% 59.19% -78.62% -25.68%
Net Income Growth		 46.47% 293.27% 121.71% 118.92% -29.14% 95.82% 66.48% 19.75% 1.08% -71.33% -24.15%
EPS Growth		 61.54% 300.00% 128.57% 100.00% -28.57% 100.00% 62.50% 22.22% -6.67% -75.00% -26.92%
Operating Cash Flow Growth		 626.97% 399.78% 15.61% 114.71% -31.86% 24.27% 192.79% 2,666.00% 107.57% -103.28% -204.90%
Free Cash Flow Firm Growth		 -404.61% -141.04% -136.97% -20.94% 79.16% -106.57% 151.66% 165.27% 402.51% 56.73% -216.58%
Invested Capital Growth		 47.62% 19.03% 43.69% 34.70% 10.99% 32.67% -3.28% -4.58% -4.77% 9.57% 22.64%
Revenue Q/Q Growth		 12.62% -13.73% 22.32% 6.30% 4.24% -13.19% 30.89% 3.54% 1.70% -19.06% 5.27%
EBITDA Q/Q Growth		 114.20% -64.07% 128.37% 18.60% -17.40% -27.58% 126.12% -13.58% 7.59% -89.12% 636.82%
EBIT Q/Q Growth		 126.33% -67.51% 145.21% 19.10% -19.69% -29.38% 144.21% -14.57% 8.22% -92.80% 1,016.78%
NOPAT Q/Q Growth		 144.76% -69.94% 144.91% 19.20% -19.57% -16.48% 106.41% -14.55% 8.07% -88.78% 617.55%
Net Income Q/Q Growth		 148.44% -69.88% 146.40% 18.74% -19.59% -16.77% 109.48% -14.59% -32.12% -76.39% 454.13%
EPS Q/Q Growth		 133.33% -71.43% 166.67% 12.50% -16.67% -20.00% 116.67% -15.38% -36.36% -78.57% 533.33%
Operating Cash Flow Q/Q Growth		 425.00% 103.98% -156.61% 103.92% 1,406.00% 271.98% -57.73% 16.81% 13.02% -105.89% -1,250.00%
Free Cash Flow Firm Q/Q Growth		 -32.72% 59.06% -180.42% 20.63% 77.13% -305.87% 170.12% 0.29% 5.98% -158.05% -88.94%
Invested Capital Q/Q Growth		 19.21% -23.23% 43.53% 2.54% -1.78% -8.22% 4.64% 1.16% -1.98% 5.60% 17.12%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 32.65% 24.17% 30.00% 31.80% 25.49% 25.96% 31.32% 28.51% 30.09% 22.92% 35.23%
EBITDA Margin		 22.22% 9.26% 17.28% 19.28% 15.28% 12.75% 22.02% 18.38% 19.44% 2.61% 18.29%
Operating Margin		 21.07% 7.94% 15.91% 17.83% 13.73% 11.17% 20.85% 17.20% 18.30% 1.63% 17.28%
EBIT Margin		 21.07% 7.94% 15.91% 17.83% 13.73% 11.17% 20.85% 17.20% 18.30% 1.63% 17.28%
Profit (Net Income) Margin		 17.72% 6.19% 12.46% 13.92% 10.74% 10.30% 16.48% 13.59% 9.07% 2.65% 13.93%
Tax Burden Percent		 85.33% 78.94% 78.84% 78.91% 79.03% 93.47% 79.00% 79.02% 78.91% 122.84% 78.93%
Interest Burden Percent		 98.53% 98.73% 99.34% 98.95% 98.92% 98.58% 100.04% 100.00% 62.81% 132.21% 102.10%
Effective Tax Rate		 14.67% 21.06% 21.16% 21.09% 20.97% 6.53% 21.00% 20.98% 21.09% -22.84% 21.07%
Return on Invested Capital (ROIC)		 32.48% 14.97% 24.36% 27.53% 20.65% 24.32% 33.58% 28.69% 32.53% 4.68% 27.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 28.75% 15.27% 23.80% 26.36% 19.58% 24.82% 33.46% 28.69% 51.50% 3.27% 27.24%
Return on Net Nonoperating Assets (RNNOA)		 1.21% -2.02% 2.07% 1.95% 1.20% -3.44% -1.17% -2.43% -7.65% -0.61% -4.38%
Return on Equity (ROE)		 33.68% 12.95% 26.44% 29.48% 21.85% 20.88% 32.41% 26.26% 24.89% 4.07% 23.58%
Cash Return on Invested Capital (CROIC)		 -22.21% 7.43% -13.42% -4.19% 10.88% -0.16% 30.14% 32.26% 36.39% 19.21% 2.91%
Operating Return on Assets (OROA)		 26.53% 10.87% 22.41% 25.38% 19.56% 16.68% 30.44% 25.13% 27.23% 2.50% 24.40%
Return on Assets (ROA)		 22.31% 8.47% 17.55% 19.82% 15.29% 15.37% 24.06% 19.86% 13.50% 4.07% 19.67%
Return on Common Equity (ROCE)		 33.68% 12.95% 26.44% 29.48% 21.85% 20.88% 32.41% 26.26% 24.89% 4.07% 23.58%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 18.97% 21.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.45 0.44 1.07 1.27 1.03 0.86 1.77 1.51 1.63 0.18 1.31
NOPAT Margin		 17.98% 6.26% 12.54% 14.07% 10.85% 10.44% 16.47% 13.59% 14.44% 2.00% 13.64%
Net Nonoperating Expense Percent (NNEP)		 3.73% -0.30% 0.56% 1.17% 1.07% -0.50% 0.12% 0.00% -18.97% 1.42% 0.72%
Return On Investment Capital (ROIC_SIMPLE)		 8.01% 2.84% 5.63% 6.49% 5.18% 4.34% 8.19% 6.53% 6.72% 0.74% 4.99%
Cost of Revenue to Revenue		 67.35% 75.83% 70.00% 68.20% 74.51% 74.04% 68.68% 71.49% 69.91% 77.08% 64.77%
SG&A Expenses to Revenue		 11.58% 16.23% 14.09% 13.97% 11.75% 14.78% 10.48% 11.31% 11.79% 21.29% 17.95%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 11.58% 16.23% 14.09% 13.97% 11.75% 14.78% 10.48% 11.31% 11.79% 21.29% 17.95%
Earnings before Interest and Taxes (EBIT)		 1.70 0.55 1.36 1.62 1.30 0.92 2.24 1.91 2.07 0.15 1.66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.80 0.65 1.47 1.75 1.44 1.05 2.36 2.04 2.20 0.24 1.76
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.89 2.88 3.17 2.79 2.74 2.45 1.79 3.43 3.72 3.94 3.51
Price to Tangible Book Value (P/TBV)		 1.89 2.88 3.39 2.95 2.89 2.57 1.87 3.56 3.72 3.94 3.51
Price to Revenue (P/Rev)		 1.10 1.55 1.70 1.52 1.52 1.37 1.03 2.01 2.19 2.31 2.24
Price to Earnings (P/E)		 12.42 15.20 14.90 11.82 13.70 11.58 7.90 15.47 17.57 21.48 22.41
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.05% 6.58% 6.71% 8.46% 7.30% 8.64% 12.65% 6.47% 5.69% 4.66% 4.46%
Enterprise Value to Invested Capital (EV/IC)		 1.78 3.23 2.91 2.66 2.75 2.66 1.94 4.08 4.69 4.85 3.98
Enterprise Value to Revenue (EV/Rev)		 1.18 1.47 1.77 1.56 1.52 1.30 0.94 1.89 2.03 2.17 2.14
Enterprise Value to EBITDA (EV/EBITDA)		 9.64 10.55 11.44 8.99 9.81 8.05 5.32 10.82 12.28 13.41 14.12
Enterprise Value to EBIT (EV/EBIT)		 10.83 11.58 12.45 9.74 10.81 8.86 5.79 11.72 13.28 14.42 15.21
Enterprise Value to NOPAT (EV/NOPAT)		 13.07 14.14 15.30 12.02 13.56 10.87 7.13 14.46 14.54 17.91 18.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 27.84 31.18 23.86 28.98 19.73 7.33 12.18 12.13 22.73 54.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 47.21 0.00 0.00 26.55 0.00 6.34 12.36 12.59 26.42 150.79
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.22 0.00 0.15 0.11 0.05 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.22 0.00 0.15 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.04 -0.13 0.09 0.07 0.06 -0.14 -0.03 -0.08 -0.15 -0.19 -0.16
Leverage Ratio		 1.49 1.51 1.50 1.48 1.42 1.34 1.35 1.32 1.29 1.24 1.22
Compound Leverage Factor		 1.47 1.49 1.49 1.46 1.40 1.32 1.35 1.32 0.81 1.64 1.24
Debt to Total Capital		 18.09% 0.00% 13.31% 9.65% 5.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 5.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 18.09% 0.00% 13.31% 9.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 81.91% 100.00% 86.69% 90.35% 94.95% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 1.05 0.00 0.53 0.33 0.19 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.66 0.00 0.46 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 1.05 0.00 0.53 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 1.42 0.00 0.71 0.45 0.26 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.90 0.00 0.62 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 1.42 0.00 0.71 0.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.02 5.48 6.14 6.17 6.68 7.95 6.34 10.32 11.97 13.10 14.73
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.30 3.69 3.88 3.72 4.05 5.63 5.06 5.14 5.64 5.86 7.28
Quick Ratio		 1.18 0.99 0.85 0.73 0.96 1.23 1.76 1.92 2.40 2.34 2.73
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4.01 -1.64 -4.61 -3.66 -0.84 -3.39 2.38 2.39 2.53 -1.47 -2.77
Operating Cash Flow to CapEx		 13,812.50% 3,886.21% -1,170.64% 16.34% 362.02% 878.06% 883.58% 0.00% 3,812.20% -20.18% -316.03%
Free Cash Flow to Firm to Interest Expense		 -160.47 -234.64 -511.77 -215.03 -59.71 -260.99 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 44.20 322.00 -141.78 2.94 53.79 215.46 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 43.88 313.71 -153.89 -15.06 38.93 190.92 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.26 1.37 1.41 1.42 1.42 1.49 1.46 1.46 1.49 1.54 1.41
Accounts Receivable Turnover		 7.86 14.17 10.32 10.54 9.20 16.92 9.45 10.58 9.92 13.89 8.32
Inventory Turnover		 1.78 1.79 1.77 1.67 1.81 1.85 1.93 1.92 2.01 2.04 1.97
Fixed Asset Turnover		 26.10 29.46 31.84 28.68 29.69 28.36 29.35 29.61 30.41 25.53 22.52
Accounts Payable Turnover		 25.12 13.01 13.20 13.78 24.63 18.15 14.11 16.30 21.67 25.35 22.10
Days Sales Outstanding (DSO)		 46.46 25.76 35.36 34.63 39.66 21.57 38.60 34.49 36.79 26.28 43.85
Days Inventory Outstanding (DIO)		 204.79 204.07 205.78 218.66 201.52 197.73 189.00 190.30 181.91 178.77 185.21
Days Payable Outstanding (DPO)		 14.53 28.06 27.66 26.48 14.82 20.11 25.86 22.39 16.84 14.40 16.52
Cash Conversion Cycle (CCC)		 236.71 201.77 213.48 226.81 226.36 199.19 201.75 202.39 201.86 190.65 212.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 17 13 19 19 19 17 18 18 18 19 22
Invested Capital Turnover		 1.81 2.39 1.94 1.96 1.90 2.33 2.04 2.11 2.25 2.34 2.05
Increase / (Decrease) in Invested Capital		 5.46 2.08 5.68 4.93 1.86 4.25 -0.61 -0.88 -0.90 1.65 4.09
Enterprise Value (EV)		 30 42 54 51 52 46 35 75 84 92 88
Market Capitalization		 28 44 52 49 52 48 39 79 90 98 92
Book Value per Share		 $2.20 $2.31 $2.41 $2.59 $2.74 $2.86 $3.13 $3.35 $3.51 $3.57 $3.79
Tangible Book Value per Share		 $2.20 $2.31 $2.25 $2.45 $2.60 $2.73 $3.00 $3.22 $3.51 $3.57 $3.79
Total Capital		 18 15 19 20 20 20 22 23 24 25 26
Total Debt		 3.28 0.00 2.53 1.89 1.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 3.28 0.00 2.53 1.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 2.08 -2.37 2.21 1.41 -0.01 -2.49 -3.53 -4.87 -6.39 -5.84 -4.16
Capital Expenditures (CapEx)		 0.01 0.06 0.11 0.31 0.21 0.32 0.13 0.00 0.04 0.46 0.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 12 11 13 14 15 13 14 15 15 15 18
Debt-free Net Working Capital (DFNWC)		 13 13 14 14 16 16 18 19 21 21 23
Net Working Capital (NWC)		 13 13 14 14 15 16 18 19 21 21 23
Net Nonoperating Expense (NNE)		 0.02 0.01 0.01 0.01 0.01 0.01 -0.00 0.00 0.61 -0.06 -0.03
Net Nonoperating Obligations (NNO)		 2.08 -2.37 2.21 1.41 -0.01 -2.49 -3.53 -4.87 -6.39 -5.84 -4.16
Total Depreciation and Amortization (D&A)		 0.09 0.09 0.12 0.13 0.15 0.13 0.13 0.13 0.13 0.09 0.10
Debt-free, Cash-free Net Working Capital to Revenue		 47.76% 37.33% 43.24% 42.16% 44.46% 38.13% 38.32% 36.92% 35.70% 36.23% 44.67%
Debt-free Net Working Capital to Revenue		 52.45% 45.63% 44.28% 43.65% 47.42% 45.20% 47.75% 49.26% 51.16% 50.04% 54.78%
Net Working Capital to Revenue		 52.45% 45.63% 44.28% 43.65% 44.48% 45.20% 47.75% 49.26% 51.16% 50.04% 54.78%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.21 $0.06 $0.16 $0.19 $0.15 $0.12 $0.26 $0.22 $0.15 $0.04 $0.19
Adjusted Weighted Average Basic Shares Outstanding		 6.62M 6.67M 6.77M 6.80M 6.76M 6.81M 6.87M 6.88M 6.87M 6.89M 6.92M
Adjusted Diluted Earnings per Share		 $0.21 $0.06 $0.16 $0.18 $0.15 $0.12 $0.26 $0.22 $0.14 $0.03 $0.19
Adjusted Weighted Average Diluted Shares Outstanding		 6.65M 6.72M 6.82M 6.89M 6.83M 6.91M 6.89M 6.93M 6.92M 6.96M 6.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.78M 6.82M 6.85M 6.87M 6.90M 6.90M 6.91M 6.91M 6.94M 6.94M 6.96M
Normalized Net Operating Profit after Tax (NOPAT)		 1.45 0.44 1.07 1.27 1.03 0.86 1.77 1.51 1.63 0.10 1.31
Normalized NOPAT Margin		 17.98% 6.26% 12.54% 14.07% 10.85% 10.44% 16.47% 13.59% 14.44% 1.14% 13.64%
Pre Tax Income Margin		 20.76% 7.84% 15.80% 17.64% 13.59% 11.01% 20.86% 17.20% 11.50% 2.15% 17.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 68.08 79.00 150.67 95.00 92.64 70.46 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 58.09 62.36 118.79 74.97 73.22 65.86 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 67.76 70.71 138.56 77.00 77.79 45.92 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 57.77 54.08 106.68 56.97 58.36 41.32 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Optex Systems (NASDAQ: OPXS) showed improved profitability in Q2 2026, but cash flow remains the key concern. Revenue grew modestly year over year, margins improved, and the company stayed profitable. However, operating cash flow was negative for the quarter, and working capital absorbed a meaningful amount of cash.

Revenue and earnings trends were generally positive in the latest quarter. Q2 2026 revenue rose to $9.6 million from $8.5 million in Q2 2025, while net income increased to $1.34 million from $1.77 million in the prior-year quarter. On a sequential basis, revenue was up from Q1 2026, and profitability improved sharply from the weak Q1 result.

Margins improved noticeably versus Q1 2026. Gross profit in Q2 2026 was $3.39 million, with gross margin of about 35.3%, up from roughly 23.0% in Q1 2026. Operating income also rebounded to $1.66 million after just $149,000 in Q1 2026.

Cash flow is still inconsistent. Q2 2026 operating cash flow was negative $1.24 million, compared with negative $92,000 in Q1 2026 and positive $1.56 million in Q4 2025. The main issue appears to be working capital, which used $2.65 million in Q2 2026.

The balance sheet remains relatively clean despite the cash burn. As of Q2 2026, OPXS had $4.16 million in cash and equivalents, $30.86 million in total assets, and just $4.56 million in total liabilities. That leaves the company with a strong equity base of $26.30 million.

Inventory and receivables are sizable components of the current asset base. Inventory was $15.64 million and accounts receivable was $5.66 million at quarter-end. That can support future sales, but it also ties up capital and helps explain the weak operating cash flow.

Over the last four quarters, OPXS has generally been profitable, with quarterly net income of:

  • Q1 2025: $0.24 million
  • Q2 2025: $1.77 million
  • Q3 2025: $1.51 million
  • Q4 2025: $1.03 million
  • Q1 2026: $0.24 million
  • Q2 2026: $1.34 million

Here are the main takeaways for investors:

  • Revenue improved year over year in Q2 2026.
  • Gross margin and operating margin rebounded from Q1 2026.
  • The company remains profitable on an earnings basis.
  • The balance sheet has low total liabilities relative to equity.
  • Cash and equivalents declined to $4.16 million from $5.84 million in Q1 2026.
  • Receivables and inventory remain large working-capital items.
  • Capex was modest at $393,000 in Q2 2026.
  • Operating cash flow turned negative in Q2 2026.
  • Working capital consumed a large amount of cash in the quarter.
  • Quarterly earnings can be volatile, with a sharp drop in Q1 2026 followed by a rebound in Q2 2026.

Bottom line: OPXS appears to be a profitable small-cap industrial/defense supplier with solid balance-sheet support, but investors should watch cash conversion closely. The company’s earnings are improving, yet inconsistent operating cash flow suggests that growth is still being financed by working capital rather than consistently generated cash.

07/21/26 06:06 AM ETAI Generated. May Contain Errors.

Optex Systems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Optex Systems' fiscal year ends in September. Their fiscal year 2025 ended on September 28, 2025.

Optex Systems' net income appears to be on an upward trend, with a most recent value of $5.15 million in 2025, rising from $491 thousand in 2015. The previous period was $3.77 million in 2024. Find out what analysts predict for Optex Systems in the coming months.

Optex Systems' total operating income in 2025 was $7.13 million, based on the following breakdown:
  • Total Gross Profit: $12.06 million
  • Total Operating Expenses: $4.93 million

Over the last 10 years, Optex Systems' total revenue changed from $13.00 million in 2015 to $41.34 million in 2025, a change of 217.9%.

Optex Systems' total liabilities were at $5.77 million at the end of 2025, a 14.1% decrease from 2024, and a 70.2% increase since 2015.

In the past 10 years, Optex Systems' cash and equivalents has ranged from $683 thousand in 2015 to $6.39 million in 2025, and is currently $6.39 million as of their latest financial filing in 2025.

Over the last 10 years, Optex Systems' book value per share changed from 0.05 in 2015 to 3.51 in 2025, a change of 7,439.7%.


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Financial statements for NASDAQ:OPXS last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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