OSI Systems Inc (OSIS)

Gross profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Gross profit (ttm)	US$ in thousands	587,182	577,759	552,934	547,084	524,327	508,532	486,852	441,758	430,510	409,956	409,028	412,594	424,427	420,028	421,189	423,497	419,918	403,399	408,487	417,179
Revenue (ttm)	US$ in thousands	1,713,166	1,689,088	1,650,140	1,603,555	1,538,758	1,469,721	1,367,204	1,289,566	1,278,427	1,203,378	1,190,966	1,172,050	1,183,236	1,178,613	1,171,923	1,171,251	1,146,902	1,091,671	1,100,767	1,130,100
Gross profit margin		34.27%	34.21%	33.51%	34.12%	34.07%	34.60%	35.61%	34.26%	33.67%	34.07%	34.34%	35.20%	35.87%	35.64%	35.94%	36.16%	36.61%	36.95%	37.11%	36.92%

June 30, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $587,182K ÷ $1,713,166K
= 34.27%

The gross profit margin of OSI Systems Inc. has exhibited variable fluctuations over the period analyzed. Starting from September 30, 2020, with a margin of 36.92%, there was a slight upward trend reaching a peak of 37.11% by December 31, 2020. Subsequently, the margin demonstrated a gradual decline, falling to 36.16% by September 30, 2021, and continuing to decrease to approximately 35.94% by December 31, 2021, and further to 35.64% on March 31, 2022.

The downward trend persisted into 2022, with the margin dropping to 35.20% as of September 30, 2022, and reaching a low of 34.34% by December 31, 2022. In early 2023, the margin continued its decline, registering at 34.07% on March 31, 2023, and slightly decreasing to 33.67% by June 30, 2023. However, a modest recovery commenced thereafter, with the margin rising to 34.26% on September 30, 2023.

In late 2023 and into 2024, the gross profit margin generally trended upward, reaching 35.61% as of December 31, 2023, and maintaining a similar level at 34.60% on March 31, 2024. The margin then slightly declined to 34.07% by June 30, 2024, before experiencing a minimal increase to 34.12% at September 30, 2024. The margin continued to hover around the low 34% range, with a slight decrease to 33.51% as of December 31, 2024.

Moving into 2025, the gross profit margin displayed stability and slight upward movement, recorded at 34.21% on March 31, 2025, and further increasing to 34.27% by June 30, 2025.

Overall, the gross profit margin has experienced a gradual decline over the analyzed period from approximately 36.92% in late 2020 to around 33.51% in late 2024. However, there are indications of stabilization and minor recovery in recent periods, particularly in late 2023 and early 2025, suggesting potential adjustments in cost management or product pricing strategies. The overall trend indicates a slight compression in gross profit margins over time, necessitating further analysis to determine the underlying causes, such as changes in cost structure, pricing policies, or product mix.