Oxford Instruments Past Earnings Performance
Past criteria checks 0/6
Oxford Instruments's earnings have been declining at an average annual rate of -2.4%, while the Electronic industry saw earnings growing at 5.8% annually. Revenues have been growing at an average rate of 9.9% per year. Oxford Instruments's return on equity is 4.5%, and it has net margins of 3.3%.
Key information
-2.37%
Earnings growth rate
-2.56%
EPS growth rate
| Electronic Industry Growth | 5.51% |
| Revenue growth rate | 9.94% |
| Return on equity | 4.47% |
| Net Margin | 3.26% |
| Next Earnings Update | 09 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Apr 23
OXIG: Rebased P/E Assumptions And Margin Outlook Will Guide Future Repricing
Analysts have lifted their price target on Oxford Instruments by £2.20 to reflect updated assumptions around slightly higher profit margins, a modestly adjusted discount rate, and a lower forward P/E multiple, informed by recent Jefferies and JPMorgan research. Analyst Commentary Recent Street research on Oxford Instruments points to supportive sentiment around the shares, with bullish analysts revisiting their valuation work and adjusting price targets higher.
Narrative Update • Apr 09
OXIG: Elevated Margin Assumptions Will Drive Future Downside Risk
Narrative update on Oxford Instruments The analyst price target for Oxford Instruments has moved up by £4.00 to £2,675, with analysts pointing to slightly improved margin assumptions and modestly lower P/E expectations as key factors supporting this adjustment. Analyst Commentary Recent Street research around Oxford Instruments has focused on how far the current valuation can be supported by margins and earnings, even as published price targets are being adjusted.
Narrative Update • Mar 25
OXIG: Higher Price Assumptions Will Shape Future Risk Reward Balance
Analysts have raised their price target for Oxford Instruments by £4.00, citing recent Street research, including revised targets of £2,675 and above, as support for this updated view. Analyst Commentary Recent Street research around Oxford Instruments, including the revised £2,675 target and the additional £4.00 uplift cited by analysts, provides a clearer sense of how the market is thinking about valuation and execution risk.Narrative Update • Mar 11
OXIG: Higher Fair Value And Raised Broker Levels Will Support Repricing
Analysts have lifted their fair value estimate for Oxford Instruments from £27.00 to £30.00, reflecting updated assumptions around revenue growth, profit margins and a slightly higher discount rate. This follows recent price target increases from £2,675 at Deutsche Bank and a further £400 uplift highlighted in recent Street research.Narrative Update • Feb 24
OXIG: Higher P/E Expectations Will Shape Balanced Risk Reward Outlook
The analyst price target for Oxford Instruments has been lifted by about £1 to reflect higher fair value estimates and a modestly higher assumed future P/E of roughly 23x. Analysts point to recent price target increases at £2,675 and an additional £4.00 from major banks as key support for the revision.Narrative Update • Feb 09
OXIG: Buybacks And Mixed Ratings Will Shape Future Return Balance
The analyst fair value estimate for Oxford Instruments has shifted from £19.50 to £23.00, reflecting higher Street price targets and updated assumptions on discount rate, revenue trajectory, profit margin and future P/E that analysts see as better aligned with recent research from banks covering the stock. Analyst Commentary Recent Street research on Oxford Instruments presents a mixed picture for investors, with price targets and ratings signalling both confidence in the long term story and pockets of caution on execution and valuation risk.Analysis Article • Feb 06
Some Shareholders Feeling Restless Over Oxford Instruments plc's (LON:OXIG) P/S Ratio
When close to half the companies in the Electronic industry in the United Kingdom have price-to-sales ratios (or "P/S...Narrative Update • Jan 25
OXIG: Buyback And Dividend Actions Will Frame Balanced Risk Reward Outlook
Analysts have increased their fair value estimate for Oxford Instruments from £23.89 to £24.99 per share, reflecting updated assumptions on profit margins and P/E expectations that are consistent with recent price target changes from the Street. Analyst Commentary Recent Street research on Oxford Instruments points to a mix of optimism on the upside potential and caution around execution and valuation, which is reflected in the updated fair value estimate.Analysis Article • Jan 22
Should You Think About Buying Oxford Instruments plc (LON:OXIG) Now?
Oxford Instruments plc ( LON:OXIG ), might not be a large cap stock, but it received a lot of attention from a...Narrative Update • Jan 10
OXIG: Buybacks And Softer Guidance Will Shape Future Return Balance
Oxford Instruments' analyst price targets have edged lower to a range of about £23.00 to £24.00 per share, as analysts moderate their views while still citing supportive factors such as resilient margins and a P/E profile they view as reasonable for the business. Analyst Commentary Recent Street research on Oxford Instruments points to a more cautious tone, with several bearish analysts trimming price targets into the mid £20 range and, in one case, lowering the rating while still keeping a positive stance overall.Narrative Update • Dec 26
OXIG: Share Buybacks And Execution Risks Will Shape Future Return Balance
Oxford Instruments' analyst price target has been trimmed modestly to around £23 per share from approximately £25, as analysts factor in slightly softer growth expectations but stronger margins. This is reflected in a series of recent target reductions while broadly maintaining positive ratings.Narrative Update • Dec 12
OXIG: Share Buybacks And Margin Outlook Will Shape Balanced Future Returns
We raise our Oxford Instruments fair value estimate by approximately £1.00 per share to reflect analysts' slightly lower topline expectations but improved profitability outlook, as well as still supportive, albeit trimmed, Street price targets in the £23.00 to £25.00 range. Analyst Commentary Recent Street research on Oxford Instruments reflects a more cautious stance, with several bearish analysts trimming price targets and rebalancing their recommendations as the shares approach previously optimistic valuation ranges.Analysis Article • Dec 05
Returns On Capital At Oxford Instruments (LON:OXIG) Have Hit The Brakes
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Analysis Article • Nov 20
There May Be Some Bright Spots In Oxford Instruments' (LON:OXIG) Earnings
Oxford Instruments plc's ( LON:OXIG ) stock was strong despite it releasing a soft earnings report last week. Our...Analysis Article • Nov 05
A Look At The Intrinsic Value Of Oxford Instruments plc (LON:OXIG)
Key Insights The projected fair value for Oxford Instruments is UK£22.31 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Sep 21
Investors Interested In Oxford Instruments plc's (LON:OXIG) Earnings
With a price-to-earnings (or "P/E") ratio of 41.6x Oxford Instruments plc ( LON:OXIG ) may be sending very bearish...Analysis Article • Sep 03
Oxford Instruments (LON:OXIG) Hasn't Managed To Accelerate Its Returns
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Aug 05
Oxford Instruments (LON:OXIG) Seems To Use Debt Quite Sensibly
LSE:OXIG 1 Year Share Price vs Fair Value Explore Oxford Instruments's Fair Values from the Community and select yours...Analysis Article • Jun 25
Oxford Instruments (LON:OXIG) Is Paying Out A Larger Dividend Than Last Year
Oxford Instruments plc ( LON:OXIG ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Jun 10
Should You Investigate Oxford Instruments plc (LON:OXIG) At UK£19.04?
While Oxford Instruments plc ( LON:OXIG ) might not have the largest market cap around , it led the LSE gainers with a...Analysis Article • May 13
Oxford Instruments (LON:OXIG) Has Some Way To Go To Become A Multi-Bagger
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Apr 24
Earnings Not Telling The Story For Oxford Instruments plc (LON:OXIG)
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 15x, you may...Analysis Article • Apr 06
Calculating The Fair Value Of Oxford Instruments plc (LON:OXIG)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Oxford Instruments fair value estimate is UK£17.03 Current...
New Narrative • Feb 20
Operational Improvements And US Market Focus Will Strengthen Future Margins
Strategic regional rebalancing and leadership changes in North America could foster expansion into new markets and drive revenue growth.Analysis Article • Feb 12
Is Now The Time To Look At Buying Oxford Instruments plc (LON:OXIG)?
Oxford Instruments plc ( LON:OXIG ), is not the largest company out there, but it saw significant share price movement...Analysis Article • Jan 27
Oxford Instruments (LON:OXIG) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Jan 09
Oxford Instruments plc's (LON:OXIG) Share Price Not Quite Adding Up
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 16x, you may...Analysis Article • Dec 23
A Look At The Intrinsic Value Of Oxford Instruments plc (LON:OXIG)
Key Insights Oxford Instruments' estimated fair value is UK£23.07 based on 2 Stage Free Cash Flow to Equity Oxford...Analysis Article • Dec 05
Slowing Rates Of Return At Oxford Instruments (LON:OXIG) Leave Little Room For Excitement
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Sep 06
Oxford Instruments plc's (LON:OXIG) Shareholders Might Be Looking For Exit
With a price-to-earnings (or "P/E") ratio of 25.3x Oxford Instruments plc ( LON:OXIG ) may be sending bearish signals...Analysis Article • Aug 03
Does Oxford Instruments (LON:OXIG) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 28
Oxford Instruments' (LON:OXIG) Returns Have Hit A Wall
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Analysis Article • May 10
At UK£23.95, Is Oxford Instruments plc (LON:OXIG) Worth Looking At Closely?
Oxford Instruments plc ( LON:OXIG ), is not the largest company out there, but it saw a decent share price growth of...Analysis Article • Apr 25
Oxford Instruments plc (LON:OXIG) Shares Could Be 31% Above Their Intrinsic Value Estimate
Key Insights The projected fair value for Oxford Instruments is UK£16.65 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Mar 13
Here's What To Make Of Oxford Instruments' (LON:OXIG) Decelerating Rates Of Return
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Analysis Article • Feb 29
Oxford Instruments (LON:OXIG) Has A Pretty Healthy Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Oxford Instruments makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 482 | 16 | 140 | 39 |
| 30 Jun 25 | 491 | 21 | 142 | 40 |
| 31 Mar 25 | 501 | 26 | 143 | 41 |
| 31 Dec 24 | 472 | 41 | 139 | 39 |
| 30 Sep 24 | 465 | 54 | 138 | 39 |
| 30 Jun 24 | 468 | 52 | 140 | 39 |
| 31 Mar 24 | 470 | 51 | 141 | 39 |
| 31 Dec 23 | 462 | 55 | 139 | 38 |
| 30 Sep 23 | 454 | 60 | 137 | 37 |
| 30 Jun 23 | 449 | 59 | 132 | 37 |
| 31 Mar 23 | 445 | 59 | 127 | 36 |
| 31 Dec 22 | 421 | 51 | 120 | 36 |
| 30 Sep 22 | 398 | 43 | 114 | 36 |
| 30 Jun 22 | 383 | 41 | 110 | 34 |
| 31 Mar 22 | 367 | 39 | 106 | 33 |
| 31 Dec 21 | 358 | 41 | 101 | 33 |
| 30 Sep 21 | 348 | 42 | 97 | 32 |
| 30 Jun 21 | 333 | 42 | 92 | 31 |
| 31 Mar 21 | 319 | 42 | 87 | 30 |
| 31 Dec 20 | 309 | 37 | 85 | 29 |
| 30 Sep 20 | 300 | 33 | 84 | 28 |
| 30 Jun 20 | 309 | 33 | 88 | 27 |
| 31 Mar 20 | 317 | 32 | 91 | 27 |
| 30 Sep 19 | 325 | 34 | 95 | 25 |
| 30 Jun 19 | 319 | 31 | 95 | 25 |
| 31 Mar 19 | 314 | 28 | 95 | 25 |
| 30 Sep 18 | 312 | 19 | 96 | 24 |
| 30 Jun 18 | 304 | 19 | 95 | 24 |
| 31 Mar 18 | 297 | 20 | 94 | 23 |
| 31 Dec 17 | 298 | 2 | 95 | 24 |
| 30 Sep 17 | 300 | -15 | 96 | 24 |
| 30 Jun 17 | 300 | -20 | 96 | 24 |
| 31 Mar 17 | 300 | -25 | 97 | 24 |
| 31 Dec 16 | 294 | -11 | 99 | 23 |
| 30 Sep 16 | 287 | 4 | 101 | 23 |
| 30 Jun 16 | 304 | 5 | 106 | 23 |
| 31 Mar 16 | 320 | 7 | 110 | 24 |
| 31 Dec 15 | 345 | 1 | 113 | 26 |
| 30 Sep 15 | 370 | -5 | 117 | 28 |
| 30 Jun 15 | 375 | -5 | 120 | 29 |
Quality Earnings: OXIG has a large one-off loss of £38.4M impacting its last 12 months of financial results to 30th September, 2025.
Growing Profit Margin: OXIG's current net profit margins (3.3%) are lower than last year (11.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: OXIG's earnings have declined by 2.4% per year over the past 5 years.
Accelerating Growth: OXIG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OXIG had negative earnings growth (-70.8%) over the past year, making it difficult to compare to the Electronic industry average (9.2%).
Return on Equity
High ROE: OXIG's Return on Equity (4.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 13:28 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Oxford Instruments plc is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Paige | Barclays |
| James Bayliss | Berenberg |
| Calum Battersby | Berenberg |