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Side-by-side financial comparison of OSI SYSTEMS INC (OSIS) and Gentherm Inc (THRM). Click either name above to swap in a different company.

OSI SYSTEMS INC is the larger business by last-quarter revenue ($464.1M vs $382.8M, roughly 1.2× Gentherm Inc). OSI SYSTEMS INC runs the higher net margin — 8.3% vs 0.8%, a 7.6% gap on every dollar of revenue. On growth, OSI SYSTEMS INC posted the faster year-over-year revenue change (10.5% vs 8.5%). OSI SYSTEMS INC produced more free cash flow last quarter ($55.5M vs $6.7M). Over the past eight quarters, OSI SYSTEMS INC's revenue compounded faster (7.0% CAGR vs 3.7%).

OSI Systems, Inc. is an American company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring and anesthesia systems, and optoelectronic devices. As of June 2010, the company employs approximately 3,180 personnel globally and includes subsidiary companies Spacelabs Healthcare, Rapiscan Systems and OSI Optoelectronics.

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

OSIS vs THRM — Head-to-Head

Bigger by revenue
OSIS
OSIS
1.2× larger
OSIS
$464.1M
$382.8M
THRM
Growing faster (revenue YoY)
OSIS
OSIS
+2.1% gap
OSIS
10.5%
8.5%
THRM
Higher net margin
OSIS
OSIS
7.6% more per $
OSIS
8.3%
0.8%
THRM
More free cash flow
OSIS
OSIS
$48.8M more FCF
OSIS
$55.5M
$6.7M
THRM
Faster 2-yr revenue CAGR
OSIS
OSIS
Annualised
OSIS
7.0%
3.7%
THRM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
OSIS
OSIS
THRM
THRM
Revenue
$464.1M
$382.8M
Net Profit
$38.7M
$3.0M
Gross Margin
32.7%
23.7%
Operating Margin
12.7%
4.6%
Net Margin
8.3%
0.8%
Revenue YoY
10.5%
8.5%
Net Profit YoY
2.3%
-80.5%
EPS (diluted)
$2.22
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OSIS
OSIS
THRM
THRM
Q4 25
$464.1M
$382.8M
Q3 25
$384.6M
$386.9M
Q2 25
$505.0M
$375.1M
Q1 25
$444.4M
$353.9M
Q4 24
$419.8M
$352.9M
Q3 24
$344.0M
$371.5M
Q2 24
$480.9M
$375.7M
Q1 24
$405.4M
$356.0M
Net Profit
OSIS
OSIS
THRM
THRM
Q4 25
$38.7M
$3.0M
Q3 25
$20.6M
$14.9M
Q2 25
$52.7M
$477.0K
Q1 25
$41.1M
$-128.0K
Q4 24
$37.8M
$15.3M
Q3 24
$17.9M
$16.0M
Q2 24
$44.7M
$18.9M
Q1 24
$34.0M
$14.8M
Gross Margin
OSIS
OSIS
THRM
THRM
Q4 25
32.7%
23.7%
Q3 25
32.0%
24.6%
Q2 25
33.3%
23.9%
Q1 25
33.8%
24.4%
Q4 24
35.1%
24.4%
Q3 24
35.3%
25.5%
Q2 24
32.1%
25.7%
Q1 24
33.6%
24.9%
Operating Margin
OSIS
OSIS
THRM
THRM
Q4 25
12.7%
4.6%
Q3 25
8.6%
6.2%
Q2 25
14.5%
6.4%
Q1 25
12.7%
4.8%
Q4 24
13.8%
6.7%
Q3 24
8.8%
8.7%
Q2 24
13.1%
8.8%
Q1 24
12.7%
5.1%
Net Margin
OSIS
OSIS
THRM
THRM
Q4 25
8.3%
0.8%
Q3 25
5.3%
3.9%
Q2 25
10.4%
0.1%
Q1 25
9.3%
-0.0%
Q4 24
9.0%
4.3%
Q3 24
5.2%
4.3%
Q2 24
9.3%
5.0%
Q1 24
8.4%
4.2%
EPS (diluted)
OSIS
OSIS
THRM
THRM
Q4 25
$2.22
$0.08
Q3 25
$1.18
$0.49
Q2 25
$3.04
$0.02
Q1 25
$2.40
$0.00
Q4 24
$2.22
$0.48
Q3 24
$1.05
$0.51
Q2 24
$2.57
$0.60
Q1 24
$1.95
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OSIS
OSIS
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$336.7M
$160.8M
Total DebtLower is stronger
$1.0B
$189.0M
Stockholders' EquityBook value
$845.5M
$720.3M
Total Assets
$2.5B
$1.4B
Debt / EquityLower = less leverage
1.19×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSIS
OSIS
THRM
THRM
Q4 25
$336.7M
$160.8M
Q3 25
$124.4M
$154.3M
Q2 25
$106.4M
$128.3M
Q1 25
$95.8M
$163.1M
Q4 24
$101.6M
$134.1M
Q3 24
$85.1M
$150.6M
Q2 24
$95.4M
$123.5M
Q1 24
$101.4M
$125.1M
Total Debt
OSIS
OSIS
THRM
THRM
Q4 25
$1.0B
$189.0M
Q3 25
$442.2M
$189.0M
Q2 25
$471.6M
$209.0M
Q1 25
$473.2M
$262.0M
Q4 24
$474.8M
$220.1M
Q3 24
$476.3M
$222.1M
Q2 24
$137.6M
$222.1M
Q1 24
$222.2M
Stockholders' Equity
OSIS
OSIS
THRM
THRM
Q4 25
$845.5M
$720.3M
Q3 25
$946.0M
$717.9M
Q2 25
$951.1M
$699.7M
Q1 25
$879.3M
$646.5M
Q4 24
$825.8M
$616.9M
Q3 24
$786.5M
$660.7M
Q2 24
$863.5M
$640.3M
Q1 24
$813.4M
$647.1M
Total Assets
OSIS
OSIS
THRM
THRM
Q4 25
$2.5B
$1.4B
Q3 25
$2.3B
$1.4B
Q2 25
$2.2B
$1.4B
Q1 25
$2.1B
$1.3B
Q4 24
$2.1B
$1.2B
Q3 24
$2.1B
$1.3B
Q2 24
$1.9B
$1.2B
Q1 24
$1.8B
$1.3B
Debt / Equity
OSIS
OSIS
THRM
THRM
Q4 25
1.19×
0.26×
Q3 25
0.47×
0.26×
Q2 25
0.50×
0.30×
Q1 25
0.54×
0.41×
Q4 24
0.57×
0.36×
Q3 24
0.61×
0.34×
Q2 24
0.16×
0.35×
Q1 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OSIS
OSIS
THRM
THRM
Operating Cash FlowLast quarter
$62.2M
$29.0M
Free Cash FlowOCF − Capex
$55.5M
$6.7M
FCF MarginFCF / Revenue
12.0%
1.7%
Capex IntensityCapex / Revenue
1.4%
5.8%
Cash ConversionOCF / Net Profit
1.61×
9.70×
TTM Free Cash FlowTrailing 4 quarters
$137.2M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OSIS
OSIS
THRM
THRM
Q4 25
$62.2M
$29.0M
Q3 25
$17.1M
$56.1M
Q2 25
$562.0K
$45.0M
Q1 25
$81.6M
$-13.3M
Q4 24
$52.5M
$36.6M
Q3 24
$-37.2M
$46.3M
Q2 24
$-29.0M
$37.1M
Q1 24
$-52.1M
$-10.3M
Free Cash Flow
OSIS
OSIS
THRM
THRM
Q4 25
$55.5M
$6.7M
Q3 25
$10.1M
$46.5M
Q2 25
$-5.6M
$36.2M
Q1 25
$77.1M
$-28.2M
Q4 24
$47.1M
$13.6M
Q3 24
$-44.9M
$26.6M
Q2 24
$-37.5M
$17.8M
Q1 24
$-57.0M
$-21.6M
FCF Margin
OSIS
OSIS
THRM
THRM
Q4 25
12.0%
1.7%
Q3 25
2.6%
12.0%
Q2 25
-1.1%
9.6%
Q1 25
17.4%
-8.0%
Q4 24
11.2%
3.9%
Q3 24
-13.0%
7.2%
Q2 24
-7.8%
4.7%
Q1 24
-14.1%
-6.1%
Capex Intensity
OSIS
OSIS
THRM
THRM
Q4 25
1.4%
5.8%
Q3 25
1.8%
2.5%
Q2 25
1.2%
2.4%
Q1 25
1.0%
4.2%
Q4 24
1.3%
6.5%
Q3 24
2.2%
5.3%
Q2 24
1.8%
5.2%
Q1 24
1.2%
3.2%
Cash Conversion
OSIS
OSIS
THRM
THRM
Q4 25
1.61×
9.70×
Q3 25
0.83×
3.75×
Q2 25
0.01×
94.43×
Q1 25
1.98×
Q4 24
1.39×
2.39×
Q3 24
-2.07×
2.90×
Q2 24
-0.65×
1.97×
Q1 24
-1.53×
-0.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OSIS
OSIS

Security Division$334.7M72%
Optoelectronics And Manufacturing Division$92.8M20%
Healthcare Division$36.5M8%

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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