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Optex Systems Holdings

OPXS

Optex Systems Holdings designs and manufactures high-precision optical sighting systems and assemblies primarily for the U.S. Department of Defense and global military markets.

Market cap
$79.79M-2.3%
Revenue$41.2M+10.0%
Net income$4.1M-15.7%
Free cash flow$722.0K-88.5%
EPS (diluted)$0.58-18.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 18, 2026 (In 2 weeks)
Revenue estimate$12.3M
EPS estimate$0.23

Financials

Q2 2026

Income statement

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Revenue$9.6M-10.3%
Gross profit$3.4M+0.9%
Operating income$1.7M-25.6%
Net income$1.3M-24.2%
EPS (diluted)$0.19-26.9%

Balance sheet

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Cash & equivalents$3.1M-12.2%
Total debt$1.6M-23.2%
Total equity$26.3M+21.9%
Total assets$30.9M+12.3%

Cash flow

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Operating cash flow-$1.2M-205%
CapEx$393.0K+193%
Free cash flow-$1.6M-256%

Valuation & ratios

Valuation

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Market cap$79.79M-2.3%
Enterprise value$78.33M-5.9%
P/E19.4×+2.6×
P/S1.9×-0.2×

Profitability

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Gross margin29.3%+0.5pp
Operating margin14.1%-2.1pp
Net margin10%-3.1pp
FCF margin1.8%

Returns & leverage

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Return on equity17.2%-8.5pp
Debt / equity0.1×0.0×
Current ratio7.3×+2.2×

Competitors

Profile

Optex Systems Holdings designs and manufactures high-precision optical sighting systems and assemblies primarily for the U.S. Department of Defense and global military markets. The company provides mission-critical situational awareness and observation technologies, including periscopes and sighting systems, for major armored vehicle platforms. Its value proposition centers on military-grade reliability, specialized thin-film coating capabilities, and a long-standing reputation as a strategic supplier to defense prime contractors.

Competitive position

A strategic supplier with high barriers to entry due to government-approved accounting systems, specialized manufacturing processes, and rigorous First Article Testing requirements.

GeographiesUnited States, Canada, Israel, Saudi Arabia, Kuwait
Customer segmentsMilitary, Government Agencies, Commercial Enterprises, Outdoor Enthusiasts
Business modelManufacturing, B2G (Business-to-Government), B2B (Business-to-Business)
SuppliersSpecialized material suppliers, Casting and machining service providers, Plating and standard process vendors
CustomersU.S. Army, U.S. Marine Corps, Defense Logistics Agency (DLA), Foreign Ministries of Defense, Commercial optical device retailers
Listed2007
Employees69.0
CEOChad George
FilingsSEC EDGAR

Questions, answered.

What is Optex Systems Holdings's market cap?
Optex Systems Holdings (OPXS) has a market capitalization of $79.8M and trades on NASDAQ.
What is Optex Systems Holdings's revenue and profitability?
Optex Systems Holdings generated $41.2M in trailing twelve-month revenue with net income of $4.1M, representing a net margin of 10.0%. Gross margin stands at 29.3%, with free cash flow of $722.0K. These figures are based on the Q1 2026 filing.
Who are Optex Systems Holdings's competitors?
Optex Systems Holdings's key competitors include Materion, Syntec Optics Holdings, Inc. Class A Common Stock, Precision Optics Corporation, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Optex Systems Holdings partner with?
Optex Systems Holdings's notable partners include General Dynamics Land Systems, BAE Systems, L3Harris Technologies, and others.
What subsidiaries does Optex Systems Holdings have?
Optex Systems Holdings's subsidiaries include Optex Systems, Inc., Applied Optics Center.
Where is Optex Systems Holdings headquartered?
Optex Systems Holdings is headquartered in United States of America and employs approximately 69 people. It has been publicly traded since 2007.