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Nova vs Optex Systems: revenue, profit, margins and growth compared

Nova brought in $880.6M of revenue in fiscal 2025, Optex Systems $41.3M in fiscal 2025. Revenue changed by +31.0% at Nova and +21.6% at Optex Systems on the year before, so Nova grew faster. Nova kept 29.4% of its revenue as net profit, Optex Systems 12.5%. Free cash flow was $217.9M at Nova and $6.4M at Optex Systems.

Side by side, latest fiscal year

NVMIOPXS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 28, 2025)
Revenue$880.6M$41.3M
Revenue growth+31.0%+21.6%
Net income$259.2M$5.1M
Net margin29.4%12.5%
Free cash flow$217.9M$6.4M
Free cash flow margin24.7%15.6%
Earnings per share (diluted)$7.96$0.74
Cash$214.5M$6.4M
Debtn/an/a
Price to earningsn/a14.1
Market value$11.7B$72.5M
Dividend yieldn/an/a
Rank by revenue in sector#233 of 530 · Technology#454 of 530 · Technology

Over the years

Revenue
NVMI FY2018: $251.1MNVMI FY2019: $224.9MNVMI FY2020: $269.4MNVMI FY2021: $416.1MNVMI FY2022: $570.7MNVMI FY2023: $517.9MNVMI FY2024: $672.4MNVMI FY2025: $880.6MOPXS FY2018: $20.9MOPXS FY2019: $24.5MOPXS FY2020: $25.9MOPXS FY2021: $18.2MOPXS FY2022: $22.4MOPXS FY2023: $25.7MOPXS FY2024: $34MOPXS FY2025: $41.3MFY18FY19FY20FY21FY22FY23FY24FY25
NVMI $880.6MOPXS $41.3M
Net income
NVMI FY2018: $54.4MNVMI FY2019: $35.2MNVMI FY2020: $47.9MNVMI FY2021: $93.1MNVMI FY2022: $140.2MNVMI FY2023: $136.3MNVMI FY2024: $183.8MNVMI FY2025: $259.2MOPXS FY2018: $1.4MOPXS FY2019: $5.7MOPXS FY2020: $1.8MOPXS FY2021: $2.1MOPXS FY2022: $1.3MOPXS FY2023: $2.3MOPXS FY2024: $3.8MOPXS FY2025: $5.1MFY18FY19FY20FY21FY22FY23FY24FY25
NVMI $259.2MOPXS $5.1M
Net margin
NVMI FY2018: 21.7%NVMI FY2019: 15.6%NVMI FY2020: 17.8%NVMI FY2021: 22.4%NVMI FY2022: 24.6%NVMI FY2023: 26.3%NVMI FY2024: 27.3%NVMI FY2025: 29.4%OPXS FY2018: 6.7%OPXS FY2019: 23.1%OPXS FY2020: 7.0%OPXS FY2021: 11.7%OPXS FY2022: 5.7%OPXS FY2023: 8.8%OPXS FY2024: 11.1%OPXS FY2025: 12.5%FY18FY19FY20FY21FY22FY23FY24FY25
NVMI 29.4%OPXS 12.5%
Revenue growth
NVMI FY2019: -10.4%NVMI FY2020: +19.8%NVMI FY2021: +54.5%NVMI FY2022: +37.2%NVMI FY2023: -9.3%NVMI FY2024: +29.8%NVMI FY2025: +31.0%OPXS FY2019: +17.6%OPXS FY2020: +5.5%OPXS FY2021: -29.6%OPXS FY2022: +22.8%OPXS FY2023: +14.6%OPXS FY2024: +32.5%OPXS FY2025: +21.6%FY19FY20FY21FY22FY23FY24FY25
NVMI +31.0%OPXS +21.6%
Free cash flow
NVMI FY2018: $33.4MNVMI FY2019: $19.4MNVMI FY2020: $53.8MNVMI FY2021: $127.4MNVMI FY2022: $98.2MNVMI FY2023: $106.3MNVMI FY2024: $218.1MNVMI FY2025: $217.9MOPXS FY2018: $872KOPXS FY2019: $17KOPXS FY2020: $3.8MOPXS FY2021: $207KOPXS FY2022: $1.8MOPXS FY2023: -$672KOPXS FY2024: $1.1MOPXS FY2025: $6.4MFY18FY19FY20FY21FY22FY23FY24FY25
NVMI $217.9MOPXS $6.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Nova and Optex Systems

Which is bigger by revenue, Nova or Optex Systems?

Nova is bigger by revenue: $880.6M in fiscal 2025, against $41.3M for Optex Systems in fiscal 2025.

Which keeps more of its revenue as profit, Nova or Optex Systems?

Nova had a net margin of 29.4% in fiscal 2025; Optex Systems had 12.5% in fiscal 2025.

Which grew revenue faster, Nova or Optex Systems?

In their latest fiscal years revenue changed by +31.0% at Nova and +21.6% at Optex Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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