OPTEX SYSTEMS HOLDINGS, INC.

OPXS · Healthcare · $88.2M mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power21

Median gross margin 22.7% over 10y, variable.

Returns on capital86

Median ROIC 19.1%, above the 9% hurdle in 70% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline100

Owner earnings +54.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

116% above value

Owner earnings (normalized): $2.3M
Est. intrinsic value / share: $5.89
Recent price: $12.74
Discount to value: 116% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell OPXS. See the disclaimer.