OSI Systems Inc (OSIS)

Pretax margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	186,094	161,214	115,238	140,160	98,640
Revenue	US$ in thousands	1,713,170	1,538,760	1,278,430	1,183,240	1,146,900
Pretax margin		10.86%	10.48%	9.01%	11.85%	8.60%

June 30, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $186,094K ÷ $1,713,170K
= 10.86%

The pretax margin of OSI Systems Inc. has exhibited fluctuations over the specified period, reflecting varying levels of profitability before tax expenses. As of June 30, 2021, the pretax margin was recorded at 8.60%, indicating that approximately 8.60 cents of profit were generated for each dollar of revenue prior to taxation. By June 30, 2022, this margin increased significantly to 11.85%, signifying an enhancement in operating efficiency or profitability, which could be attributable to improved sales performance, cost management, or a favorable product mix.

Subsequently, a decline was observed by June 30, 2023, with the margin decreasing to 9.01%, suggesting a reduction in pre-tax profitability, possibly due to increased expenses or competitive pressures impacting gross margins. However, the trend reversed in the following years, with the pretax margin improving to 10.48% by June 30, 2024. This increase indicates a recovery in profitability, potentially driven by effective cost controls or higher-margin revenue streams.

The most recent data point, as of June 30, 2025, shows the pretax margin reaching 10.86%. The upward movement from the prior year suggests ongoing operational improvements and enhanced margin management. Overall, the pretax margin trend reflects a pattern of recovery and growth following a dip, with margins gradually approaching and exceeding the levels observed in 2021, indicative of the company's efforts to sustain profitability before taxes over the analyzed period.