OPXS · CIK 0001397016 · FY2025 live · 2025-09-30
Optex Systems Holdings Inc
View as
Model
Classic Z
FY2025
5.65
Zone
Safe
Prior
—
Market DD
—
1y PD
—
5.65
Z″ 10.90
Score 5.65 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.701.2 × = 0.84X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.081.4 × = 0.12X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
0.243.3 × = 0.78X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
4.210.6 × = 2.53X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
1.381 × = 1.38
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
Optex Systems Holdings Inc is on classic Z at 5.65 (safe) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. This is the first live year on the desk. No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.
Book screen Safe; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Classic Z scores · 97th percentile in Industrials.
KPI widgets
Current assets
$26M
Total assets
$30M
Current liabilities
$5M
Total liabilities
$6M
Working capital
$21M
Retained earnings
$2M
EBIT
$7M
Total sales
$41M
Book equity
$24M
Accession 0001493152-25-028071. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-09-30). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.