OSI SYSTEMS INC
OSIS · Semiconductors & Related Devices · 16.5M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $6M (gross $35M, SBC $29M)
Reference price $281.84 · est. market cap ~$4.6B — last insider sale, 2026-05-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Security/inspection-systems maker with strong earnings growth, profitability, and recurring service revenue.
Strengths
- Strong earnings growth and returns — net income +263.8% (94th), ROE 15.7% (68th)
- Profitable with positive FCF — FCF $73.8M (50th)
- Diversified security/healthcare/optoelectronics segments — per 10-K
Risks
- Moderate leverage — D/E 0.49 (76th)
- Government/airport-security procurement cyclicality — per 10-K
- Tight quick liquidity — 1.46 (23rd pct)
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Customer concentration~20% of revenue from one customer/distributor — Revenues from external customers in our Optoelectronics and Manufacturing division accounted for 20% of our total consolidated revenues for fiscal 2025
- Buying back stockNet buyback — share count -2%/yr over 4y
- Strong balance sheetStrong balance sheet — $106M cash & investments
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 2 open-market sale(s) by 1 insider(s) (~$11M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
15.7%
Return on assets
6.7%
ROIC
12.1%
Revenue growth (QoQ)
7.5%
Net-income growth
16.8%
Debt / equity
0.5×
Net debt / EBITDA
1.4×
Current ratio
2.0×
Free cash flow
$74M
EBITDA
$261M
Tangible book value
$380M
Cash & investments
$106M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-04 | CHOPRA DEEPAK | Sell | 20K | $281.84 |
| 2026-04-23 | Constantine W Paul | Tax withheld | 65 | $292.52 |
| 2026-02-02 | CHOPRA DEEPAK | Sell | 20K | $250.91 |
| 2025-12-31 | Tropeano Michael | Grant | 75 | $140.61 |
| 2025-12-31 | Constantine W Paul | Grant | 55 | $192.73 |
| 2025-12-31 | SZE VICTOR S | Grant | 75 | $140.61 |
| 2025-12-31 | EDRICK ALAN I | Grant | 75 | $140.61 |
| 2025-12-31 | MEHRA AJAY | Grant | 75 | $140.61 |
| 2025-12-31 | CHOPRA DEEPAK | Grant | 75 | $140.61 |
| 2025-12-31 | Morben Paul Keith | Grant | 75 | $140.61 |
| 2025-12-31 | Okawa Cary M. | Grant | 52 | $109.61 |
| 2025-12-23 | EDRICK ALAN I | Gift | 1.5K | — |
| 2025-12-13 | HAWKINS JAMES B | Tax withheld | 15 | $259.44 |
| 2025-12-12 | SZE VICTOR S | Gift | 251 | — |
| 2025-12-11 | MEHRA AJAY | Gift | 3.0K | — |
| 2025-12-02 | Constantine W Paul | Grant | 470 | $266.17 |
| 2025-11-22 | Okawa Cary M. | Tax withheld | 26 | $251.10 |
| 2025-11-10 | CHOPRA DEEPAK | Sell | 20K | $285.74 |
| 2025-11-07 | HAWKINS JAMES B | Sell | 1.5K | $283.15 |
| 2025-11-07 | Morben Paul Keith | Sell | 416 | $279.10 |
| 2025-11-04 | Ballhaus William Francis JR | Gift | 750 | — |
| 2025-10-10 | Morben Paul Keith | Grant | 207 | $241.50 |
| 2025-10-01 | CHOPRA DEEPAK | Sell | 20K | $245.80 |
| 2025-09-19 | CHOPRA DEEPAK | Gift | 4.5K | — |
| 2025-09-12 | Ballhaus William Francis JR | Sell | 562 | $237.84 |
| 2025-09-04 | Morben Paul Keith | Sell | 1.7K | $236.76 |
| 2025-08-26 | Grindstaff Glenn | Tax withheld | 2.2K | $225.19 |
| 2025-08-26 | SZE VICTOR S | Grant | 22K | $225.19 |
| 2025-08-26 | SZE VICTOR S | Tax withheld | 20K | $225.19 |
| 2025-08-26 | EDRICK ALAN I | Grant | 28K | $225.19 |
| 2025-08-26 | EDRICK ALAN I | Tax withheld | 25K | $225.19 |
| 2025-08-26 | CHOPRA DEEPAK | Grant | 83K | $225.19 |
| 2025-08-26 | CHOPRA DEEPAK | Tax withheld | 77K | $225.19 |
| 2025-08-26 | MEHRA AJAY | Grant | 15K | $225.19 |
| 2025-08-26 | MEHRA AJAY | Tax withheld | 19K | $225.19 |
| 2025-08-26 | Morben Paul Keith | Grant | 1.3K | $225.19 |
| 2025-08-26 | Morben Paul Keith | Tax withheld | 1.6K | $225.19 |
| 2025-08-26 | Okawa Cary M. | Grant | 539 | $225.19 |
| 2025-08-26 | Okawa Cary M. | Tax withheld | 241 | $225.19 |
| 2025-08-26 | Grindstaff Glenn | Grant | 2.6K | $225.19 |
| 2025-08-22 | Okawa Cary M. | Tax withheld | 84 | $217.89 |
| 2025-08-20 | Ballhaus William Francis JR | Grant | 1.0K | $223.39 |
| 2025-08-20 | LUSKIN MEYER/ | Grant | 470 | $223.39 |
| 2025-08-20 | CHOPRA DEEPAK | Grant | 1.1K | $223.39 |
| 2025-08-20 | Ballhaus William Francis JR | Grant | 1.0K | $223.39 |
| 2025-08-20 | Ballhaus William Francis JR | Grant | 1.0K | $223.39 |
| 2025-08-20 | HAWKINS JAMES B | Grant | 895 | $223.39 |
| 2025-08-20 | CHIZEVER GERALD M | Grant | 873 | $223.39 |
| 2025-08-20 | Bernard Kelli | Grant | 783 | $223.39 |
| 2025-08-14 | HAWKINS JAMES B | Tax withheld | 144 | $236.05 |
| 2025-08-14 | Bernard Kelli | Tax withheld | 126 | $236.05 |
| 2025-08-05 | Tropeano Michael | Grant | 1.6K | $219.57 |
| 2025-08-05 | Morben Paul Keith | Grant | 1.1K | $219.57 |
| 2025-08-01 | EDRICK ALAN I | Grant | 8.6K | $219.57 |
| 2025-08-01 | Okawa Cary M. | Grant | 615 | $219.57 |
| 2025-08-01 | MEHRA AJAY | Grant | 27K | $219.57 |
| 2025-08-01 | SZE VICTOR S | Grant | 6.5K | $219.57 |
| 2025-08-01 | Grindstaff Glenn | Grant | 569 | $219.57 |
| 2025-07-28 | HAWKINS JAMES B | Tax withheld | 170 | $226.08 |
| 2025-07-28 | Bernard Kelli | Tax withheld | 149 | $226.08 |
| 2025-07-09 | Ballhaus William Francis JR | Gift | 113 | — |
| 2025-07-08 | HAWKINS JAMES B | Tax withheld | 196 | $230.81 |
| 2025-07-06 | HAWKINS JAMES B | Tax withheld | 230 | $232.51 |
| 2025-06-30 | MEHRA AJAY | Grant | 75 | $140.61 |
| 2025-06-30 | Okawa Cary M. | Grant | 31 | $140.61 |
| 2025-06-30 | Morben Paul Keith | Grant | 75 | $140.61 |
| 2025-06-30 | SZE VICTOR S | Grant | 75 | $140.61 |
| 2025-06-30 | CHOPRA DEEPAK | Grant | 75 | $140.61 |
| 2025-06-30 | EDRICK ALAN I | Grant | 75 | $140.61 |
| 2025-06-12 | LUSKIN MEYER/ | Sell | 1.0K | $237.15 |
| 2025-05-21 | Ballhaus William Francis JR | Sell | 750 | $228.88 |
| 2025-05-16 | CHOPRA DEEPAK | Gift | 8.8K | — |
| 2025-05-13 | EDRICK ALAN I | Sell | 20K | $229.00 |
| 2025-05-08 | Grindstaff Glenn | Sell | 688 | $224.89 |
| 2025-05-06 | CHOPRA DEEPAK | Sell | 5.0K | $220.11 |
| 2025-05-06 | Ballhaus William Francis JR | Sell | 933 | $219.77 |
| 2025-05-05 | CHOPRA DEEPAK | Sell | 20K | $221.79 |
| 2025-04-23 | Constantine W Paul | Grant | 924 | $189.42 |
| 2025-02-19 | CHOPRA DEEPAK | Gift | 5.0K | — |
| 2025-02-10 | Ballhaus William Francis JR | Gift | 750 | — |
| 2025-02-04 | CHOPRA DEEPAK | Sell | 20K | $198.26 |
| 2025-02-03 | CHOPRA DEEPAK | Sell | 20K | $193.55 |
| 2025-01-30 | Morben Paul Keith | Sell | 155 | $199.36 |
| 2025-01-27 | CHIZEVER GERALD M | Sell | 2.7K | $195.83 |
| 2024-12-31 | MEHRA AJAY | Grant | 155 | $68.11 |
| 2024-12-31 | CHOPRA DEEPAK | Grant | 155 | $68.11 |
| 2024-12-31 | Okawa Cary M. | Grant | 51 | $109.61 |
| 2024-12-31 | SZE VICTOR S | Grant | 155 | $68.11 |
| 2024-12-31 | EDRICK ALAN I | Grant | 155 | $68.11 |
| 2024-12-31 | Morben Paul Keith | Grant | 155 | $68.11 |
| 2024-12-31 | Chandra Shalabh | Grant | 155 | $68.11 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-04 | ResultsExhibits | filing ↗ |
| 2026-01-29 | ResultsExhibits | filing ↗ |
| 2025-12-11 | Shareholder vote | filing ↗ |
| 2025-11-20 | Material agreementDebt obligation3.02Exhibits | filing ↗ |
| 2025-11-18 | OtherExhibits | filing ↗ |
| 2025-11-17 | OtherExhibits | filing ↗ |
| 2025-10-30 | ResultsExhibits | filing ↗ |
| 2025-08-21 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-04 | 2026-05-04 | 0001104659-26-054857 ↗ |
| 10-Q | 2026-05-04 | 2026-03-31 | 0001104659-26-055014 ↗ |
| 10-Q | 2026-01-29 | 2025-12-31 | 0001104659-26-008109 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001104659-26-007970 ↗ |
| 8-K | 2025-12-11 | 2025-12-11 | 0001104659-25-120300 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001104659-25-114644 ↗ |
| 8-K | 2025-11-18 | 2025-11-17 | 0001104659-25-113487 ↗ |
| 8-K | 2025-11-17 | 2025-11-17 | 0001104659-25-112952 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001104659-25-104361 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001104659-25-104478 ↗ |
| 10-K | 2025-08-25 | 2025-06-30 | 0001410578-25-001887 ↗ |
| 8-K | 2025-08-21 | 2025-08-21 | 0001104659-25-081197 ↗ |