OSI Systems (OSIS) financial statements
OSI Systems reported revenue of $1.8B in fiscal 2026, up 7.1% a year over 9 years.
Net income was $155M and the operating margin 12.3%, against 3.5% in 2017.
Free cash flow was $245M, and the company returned $272M in net buybacks.
The diluted share count fell 12% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OSI Systems's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $961M | $1.1B | $1.2B | $1.2B | $1.1B | $1.2B | $1.3B | $1.5B | $1.7B | $1.8B |
| Cost of revenue | $637M | $698M | $752M | $745M | $727M | $759M | $848M | $1.0B | $1.1B | $1.2B |
| Gross profit | $324M | $392M | $431M | $421M | $420M | $424M | $431M | $530M | $587M | $593M |
| Research and development | $51M | $61M | $57M | $57M | $54M | $60M | $59M | $65M | $73M | $79M |
| Selling, general and admin | $193M | $240M | $262M | $252M | $241M | $236M | $228M | $270M | $291M | $278M |
| Operating income | $33M | $56M | $108M | $105M | $115M | $122M | $135M | $189M | $218M | $219M |
| Interest expense | $10M | $19M | $22M | — | — | — | — | $28M | $31M | $26M |
| Pre-tax income | $26M | $37M | $86M | $86M | $99M | $140M | $115M | $161M | $186M | $193M |
| Income tax | $5M | $66M | $21M | $11M | $25M | $25M | $23M | $33M | $36M | $38M |
| Net income | $21M | -$29M | $65M | $75M | $74M | $115M | $92M | $128M | $150M | $155M |
| EPS (diluted) | $1.07 | -$1.57 | $3.46 | $4.05 | $4.03 | $6.45 | $5.34 | $7.38 | $8.71 | $8.95 |
| Diluted shares | 20M | 19M | 19M | 19M | 18M | 18M | 17M | 17M | 17M | 17M |
| Gross margin | 33.7% | 36.0% | 36.4% | 36.1% | 36.6% | 35.9% | 33.7% | 34.5% | 34.3% | 33.2% |
| Operating margin | 3.5% | 5.1% | 9.1% | 9.0% | 10.1% | 10.3% | 10.6% | 12.3% | 12.7% | 12.3% |
| Net margin | 2.2% | -2.7% | 5.5% | 6.5% | 6.5% | 9.7% | 7.2% | 8.3% | 8.7% | 8.7% |
Balance sheet
Fiscal years, from OSI Systems's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $170M | $85M | $96M | $76M | $81M | $64M | $77M | $95M | $106M | $360M |
| Receivables | $207M | $211M | $238M | $270M | $291M | $308M | $381M | $648M | $838M | $765M |
| Inventory | $249M | $314M | $274M | $241M | $294M | $334M | $338M | $398M | $407M | $416M |
| Total current assets | $653M | $651M | $641M | $618M | $709M | $746M | $840M | $1.2B | $1.4B | $1.6B |
| Property, plant and equipment | $142M | $116M | $127M | $128M | $118M | $110M | $109M | $114M | $127M | $130M |
| Goodwill | $242M | $292M | $307M | $311M | $320M | $336M | $350M | $351M | $387M | $407M |
| Total assets | $1.2B | $1.3B | $1.3B | $1.3B | $1.4B | $1.4B | $1.6B | $1.9B | $2.2B | $2.5B |
| Total current liabilities | $346M | $443M | $382M | $330M | $345M | $614M | $572M | $815M | $697M | $511M |
| Long-term debt | $242M | $249M | $258M | $267M | $276M | $49M | $136M | $129M | $464M | $999M |
| Total liabilities | $661M | $766M | $713M | $696M | $745M | $805M | $830M | $1.1B | $1.3B | $1.7B |
| Shareholders' equity | $569M | $489M | $552M | $572M | $640M | $638M | $726M | $863M | $951M | $833M |
| Net debt | $74M | $166M | $162M | $192M | $197M | $229M | $68M | $42M | $365M | $641M |
Cash flow
Fiscal years, from OSI Systems's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $63M | $133M | $119M | $129M | $139M | $64M | $95M | -$88M | $98M | $276M |
| Capital spending | $17M | $43M | $27M | $21M | $17M | $15M | $16M | $22M | $24M | $31M |
| Free cash flow | $46M | $90M | $92M | $108M | $122M | $49M | $79M | -$110M | $74M | $245M |
| Stock-based compensation | $26M | $24M | $25M | $24M | $27M | $28M | $29M | $29M | $32M | $26M |
| Share buybacks (net) | -$48M | -$63M | -$21M | -$52M | -$37M | -$112M | -$35M | $0 | -$80M | -$272M |
| Net borrowing | $276M | -$2M | -$2M | -$200,000 | -$318,000 | $4M | -$149M | -$7M | $332M | $526M |
| Free cash flow margin | 4.8% | 8.3% | 7.8% | 9.3% | 10.7% | 4.1% | 6.2% | -7.1% | 4.3% | 13.7% |
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Open OSIS in InvestinglyQuestions
What was OSI Systems's revenue in 2026?
$1.8B in fiscal 2026, from its 10-K filing.
How much free cash flow does OSI Systems generate?
$245M in fiscal 2026 (operating cash flow minus capital spending).
From OSI Systems's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.