OPXS
Optex Systems Holdings, Inc
OPXS's fundamentals are mixed, but it looks expensive: trading at 16x earnings, in line with its usual 15x.
OPXS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Under pressure | |
| Strong |
OPXS's balance sheet is currently strong, and its profitability is stable, but its revenue and cash flow are under pressure.
OPXS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $4.49 | -48% |
| Fair | 15x | $8.18 | -4.7% |
| Current | 16x | $8.58 | — |
| Expensive | 20x | $10.93 | +27% |
Historical ranges are pointers, not guarantees.
OPXS's PE is in its fair range at 16x.
OPXS Forward outlook
There aren't enough analyst estimates for OPXS to show an outlook.
OPXS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.54 | -28% |
| Q1 2026 | $0.58 | -18% |
| Q4 2025 | $0.65 | +6.6% |
| Q3 2025 | $0.74 | +35% |
| Q2 2025 | $0.75 | +23% |
| Q1 2025 | $0.71 | +37% |
| Q4 2024 | $0.61 | +42% |
| Q3 2024 | $0.55 | +62% |
OPXS's earnings per share have fallen from their peak: $0.54 over the past year, against $0.75 in mid-2025.
OPXS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9.7M | -12% |
| Q1 2026 | $9.6M | -10% |
| Q4 2025 | $9.1M | +12% |
| Q3 2025 | $11.3M | +20% |
| Q2 2025 | $11.1M | +23% |
| Q1 2025 | $10.7M | +26% |
| Q4 2024 | $8.2M | +18% |
| Q3 2024 | $9.4M | +17% |
OPXS's revenue has held roughly level: $10M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | -2.9 points |
| Q1 2026 | 17% | -3.6 points |
| Q4 2025 | 1.6% | -9.5 points |
| Q3 2025 | 18% | +4.5 points |
| Q2 2025 | 17% | -0.6 points |
| Q1 2025 | 21% | +4.9 points |
| Q4 2024 | 11% | +3.2 points |
| Q3 2024 | 14% | -7.3 points |
OPXS's operating margin was 14% last quarter, down 2.9 points from the same quarter a year ago.
OPXS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $2.1M | +53% |
| Q1 2026 | -$1.6M | -256% |
| Q4 2025 | -$548K | -122% |
| Q3 2025 | $1.5M | +179% |
| Q2 2025 | $1.4M | +$1.6M |
| Q1 2025 | $1.1M | +$2.4M |
| Q4 2024 | $2.5M | +13% |
| Q3 2024 | $545K | -50% |
OPXS generated $1M in free cash flow over the past year, down 73% from the year before.
OPXS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +9.8K shares |
| 1 year | +0.1% | +5.4K shares |
| 3 years | +3.7% | +249K shares |
| 5 years | -15% | -1.2M shares |
| Available history | -18% | -1.6M shares |
OPXS has 7M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | $74,000 |
OPXS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
| Q3 2024 | -0.2x | Net Cash |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.1x | Net Cash |
| Q4 2023 | -0.6x | Net Cash |
OPXS has more cash than debt.
OPXS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 13.5 | Oversold |
OPXS's weekly RSI is 33 (neutral) and its Stochastic is 14 (oversold).
OPXS PE vs Industrials Sector
| Metric | OPXS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 24x | 34% below |
| PE % | 56 | 58 | 2 pts below |
OPXS is trading at 16x earnings, a 34% discount to the Industrials sector's median of 24x.
OPXS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.54 | 10% below |
| 20 week MA | $10.7 | 19% below |
| 50 week MA | $12.1 | 29% below |
| 100 week MA | $10.9 | 21% below |
| 200 week MA | $8.22 | 4.4% above |
OPXS has fallen below most of its moving averages, though it's still 4.4% above its 200-week average.
OPXS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.02 | $1.73 | -14% |
| 2021 | $1.73 | $1.79 | +3.5% |
| 2022 | $1.79 | $2.91 | +63% |
| 2023 | $2.91 | $6.55 | +125% |
| 2024 | $6.55 | $7.02 | +7.2% |
| 2025 | $7.02 | $14.1 | +100% |
| 2026 YTD | $14.1 | $8.58 | -39% |
OPXS is down 39% so far in 2026, after finishing higher in five of the previous six years.