Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| OSI Systems Inc.OSIS · business equipment | |
|---|---|
| Grade |  Astrongest fifth of 497 graded peers; percentile 12.5, sampling error 2.2 points; lower is stronger |
| Rank | 63 of 497 |
| Profitability | Cpercentile 44.7 |
| Solvency | B/Cpercentile 39.3 |
| Growth and financing | A/Bpercentile 18.5 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $2.5B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 12 of 14 |
| Graded from | filings received through Aug 21, 202649 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $193.492026-10-08; market equity $3.1B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Aug 21, 2026; the document on sec.gov.
OSI Systems, Inc., together with our subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. We sell our products and provide related services in diversified markets, including homeland security, healthcare, defense and aerospace. Our company is incorporated in the State of Delaware and our principal office is located at 12525 Chadron Avenue, Hawthorne, California 90250.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 44.7 | |||||||
| Gross profitability | 23.7% | [1,3] | 28.5% | 58.2 | 558 | 2026-06-30 | |
| Return on invested capital | 12.6% | [4-12] | 10.9% | 43.0 | 136 | 2026-06-30 | |
| Accruals ratio | (5.1%) | [1,13-15] | (7.4%) | 64.7 | 621 | 2026-06-30 | |
| Gross margin stability, five years | 0.9 pts | [2-3,16-23] | 2.4 pts | 12.9 | 429 | 2026-06-30 | |
| Solvency, sleeve percentile 39.3 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 5.11 | [1,4,8,24-27] | 2.18 | 21.9 | 566 | 2026-06-30 | |
| Net debt to EBITDA | 2.45x | [4,7,9,28] | 1.11x | 66.4 | 147 | 2026-06-30 | |
| Interest coverage | not computable | 3.77x | |||||
| latest aligned inputs end 2019-06-30; latest annual assets end 2026-06-30 | |||||||
| Current ratio | 3.15x | [24-25] | 2.02x | 29.6 | 666 | 2026-06-30 | |
| Growth and financing, sleeve percentile 18.5 | |||||||
| Revenue growth, three-year compound | 11.8% | [2,17,19,21] | 6.4% | 34.5 | 538 | 2026-06-30 | |
| Free cash flow growth, three-year compound | 45.9% | [14,29-35] | 17.2% | 19.5 | 268 | 2026-06-30 | |
| Reinvestment rate | 206.3% | [4-6,24-25,28-29,36-37] | 14.3% | 9.3 | 226 | 2026-06-30 | |
| Asset growth, three years | 17.2% | [1,15,38-39] | 5.0% | 21.7 | 563 | 2026-06-30 | |
| Net share issuance, one year | (5.3%) | [40-41] | 0.5% | 7.4 | 407 | 2026-08-17 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.350; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 58 | Logitech International S.A. (LOGI) Logitech International S.A. (LOGI) Astrongest fifth; percentile 11.5 Nasdaq · Computer Peripheral Equipment, NEC market equity $14.5B; last close $101.53 No active warnings; 10 of 14 inputs | 11.5 | A | |
| 59 | Applied Materials Inc. (AMAT) Applied Materials Inc. (AMAT) Astrongest fifth; percentile 11.7 Nasdaq · Semiconductors & Related Devices market equity $404.4B; last close $508.80 No active warnings; 11 of 14 inputs | 11.7 | A | |
| 60 | Braze, Inc. (BRZE) Braze, Inc. (BRZE) Astrongest fifth; percentile 11.9 Nasdaq · Services-Prepackaged Software market equity $3.2B; last close $28.45 No active warnings; 7 of 14 inputs | 11.9 | A | |
| 61 | AvePoint, Inc. (AVPT) AvePoint, Inc. (AVPT) Astrongest fifth; percentile 12.1 Nasdaq · Services-Prepackaged Software market equity $3.0B; last close $14.41 No active warnings; 9 of 14 inputs | 12.1 | A | |
| 62 | D-Wave Quantum Inc. (QBTS) D-Wave Quantum Inc. (QBTS) Astrongest fifth; percentile 12.3 Nasdaq · Services-Computer Processing & Data Preparation market equity $5.4B; last close $14.60 Warnings: dilution; 8 of 14 inputs | 12.3 | A | dilution |
| 63 | OSI Systems Inc. (OSIS) OSI Systems Inc. (OSIS) Astrongest fifth; percentile 12.5 Nasdaq · Semiconductors & Related Devices market equity $3.1B; last close $193.49 No active warnings; 12 of 14 inputs | 12.5 | A | |
| 64 | Zscaler, Inc. (ZS) Zscaler, Inc. (ZS) Astrongest fifth; percentile 12.7 Nasdaq · Services-Computer Programming Services market equity $35.4B; last close $216.88 Warnings: fortress balance sheet; 9 of 14 inputs | 12.7 | A | fortress balance sheet |
| 65 | Ubiquiti Inc. (UI) Ubiquiti Inc. (UI) Astrongest fifth; percentile 12.9 NYSE · Radio & Tv Broadcasting & Communications Equipment market equity $38.8B; last close $641.49 No active warnings; 10 of 14 inputs | 12.9 | A | |
| 66 | Intuit Inc. (INTU) Intuit Inc. (INTU) Astrongest fifth; percentile 13.1 Nasdaq · Services-Prepackaged Software market equity $81.2B; last close $303.70 No active warnings; 10 of 14 inputs | 13.1 | A | |
| 67 | Credo Technology Group Holding Ltd. (CRDO) Credo Technology Group Holding Ltd. (CRDO) Astrongest fifth; percentile 13.3 Nasdaq · Semiconductors & Related Devices market equity $39.8B; last close $212.00 No active warnings; 10 of 14 inputs | 13.3 | A | |
| 68 | Zeta Global Holdings Corp. (ZETA) Zeta Global Holdings Corp. (ZETA) Astrongest fifth; percentile 13.5 NYSE · Services-Prepackaged Software last close $33.00 Warnings: fortress balance sheet; 12 of 14 inputs | 13.5 | A | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 5.2 | 2204 |
| sector peers, equal sleeves (the grade) | A | 12.5 | 497 |
| same exchange, equal sleeves | A | 7.5 | 1219 |
| sector peers, equal inputs | A | 9.3 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (16.6%) | 2.2% | 34 | hotter than 34 of 100 peers |
| Distance from 52-week high | (37.6%) | (30.0%) | 38 | closer to its high than 38 of 100 peers |
| EBIT to enterprise value | 5.9% | 1.5% | 82 | pricier than 18 of 100 peers |
| Free cash flow yield | 8.0% | 2.7% | 80 | pricier than 20 of 100 peers |
| Book value to price | 0.27 | 0.23 | 55 | pricier than 45 of 100 peers |
| Sales to price | 0.58 | 0.30 | 65 | pricier than 35 of 100 peers |
| Composite equity issuance, five years | (11.5%) | 3.9% | 25 | more equity-funded than 25 of 100 peers |
| Relative strength against the sector, log excess return | (0.46) | (0.26) | 34 | ahead of 34 of 100 peers |
Inputs: market equity $3.1B; EBIT $219.0M; free cash flow $245.3M; book equity $833.0M; sales $1.8B; debt $1.0B; cash $359.8M[40].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | 6.9% | ✓ pass[13,15] |
| Operating cash flow above zero | $275.9M | ✓ pass[14] |
| Return on assets improved | (0.8 pts) | ✗ fail[13,15,38,42] |
| Operating cash flow exceeds net income | $121.2M | ✓ pass[13-14] |
| Long-term leverage fell | 19.9 pts | ✗ fail[1,15,38,43-44] |
| Current ratio improved | 111.2 pts | ✓ pass[24-25,36-37] |
| No new shares issued | (5.3%) | ✓ pass[40-41] |
| Gross margin improved | (1.1 pts) | ✗ fail[2-3,16-17] |
| Asset turnover improved | (8.8 pts) | ✗ fail[2,15,17,38] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $359.8M[9] |
| Operating cash flow, four quarters | $275.9M[9,14,45-47] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 49 |
| 10-K received Aug 21, 2026 | |
| Median daily dollar volume | $40.2M |
| 63 sessions | |
| Days since newest grade input | 49 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $2.5B | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $1.8B | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $593.1M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $219.0M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $192.7M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $38.0M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $1.0B | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $833.0M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $359.8M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $471.6M | 2025-06-30 | 2025-08-25 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $951.1M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $106.4M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $154.7M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $275.9M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $2.2B | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $587.2M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $1.7B | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $530.5M | 2024-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $1.5B | 2024-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $430.5M | 2023-06-30 | 2025-08-25 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $1.3B | 2023-06-30 | 2025-08-25 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $424.4M | 2022-06-30 | 2024-08-29 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $1.2B | 2022-06-30 | 2024-08-29 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $1.6B | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $511.1M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $852.1M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $1.7B | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 28 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $42.6M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 29 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $30.6M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $97.6M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 31 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $23.8M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$87.5M | 2024-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 33 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $22.1M | 2024-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $94.8M | 2023-06-30 | 2025-08-25 | 10-K | filing · viewer · series |
| 35 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $15.8M | 2023-06-30 | 2025-08-25 | 10-K | filing · viewer · series |
| 36 | current assets | us-gaap:AssetsCurrent | $1.4B | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 37 | current liabilities | us-gaap:LiabilitiesCurrent | $696.9M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 38 | assets | us-gaap:Assets | $1.9B | 2024-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 39 | assets | us-gaap:Assets | $1.6B | 2023-06-30 | 2025-08-25 | 10-K | filing · viewer · series |
| 40 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 15,941,968 | 2026-08-17 | 2026-08-21 | 10-K | filing · viewer · series |
| 41 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 16,825,913 | 2025-08-18 | 2025-08-25 | 10-K | filing · viewer · series |
| 42 | net income | us-gaap:NetIncomeLoss | $149.6M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 43 | long term debt | us-gaap:LongTermDebtNoncurrent | $998.5M | 2026-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 44 | long term debt | us-gaap:LongTermDebtNoncurrent | $463.5M | 2025-06-30 | 2026-08-21 | 10-K | filing · viewer · series |
| 45 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $93.8M | 2026-03-31 | 2026-05-04 | 10-Q | filing · viewer · series |
| 46 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $79.3M | 2025-12-31 | 2026-01-29 | 10-Q | filing · viewer · series |
| 47 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $17.1M | 2025-09-30 | 2025-10-30 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 12.5 is 7.5 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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