Optical Cable Corp
OCC Nasdaq Drawing & Insulating Of Nonferrous Wire Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$73.0M
9.5%
vs prior year
Operating margin
Operating income as a share of revenue.
−0.6%
4.4 pts
Net income
Profit after all expenses, interest and tax.
−$1.5M
Free cash flow
Cash from operations minus capital spending.
$1.1M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Optical Cable Corp does
No business description yet.
- Legal name
- OPTICAL CABLE CORP
- Fiscal year ends
- October 31, 2025
- Latest annual report
- 10-K · Dec 18, 2025
- Accession · CIK
- 0001437749-25-038228
0001000230
Revenue and margins
Optical Cable Corp had $73.0M of revenue in fiscal 2025, up 9.5% on the year before.
FY16
Revenue $64.6M
FY17
Revenue $64.1M
FY18
Revenue $87.8M
FY19
Revenue $71.3M
FY20
Revenue $55.3M
FY21
Revenue $59.1M
FY22
Revenue $69.1M
FY23
Revenue $72.2M
FY24
Revenue $66.7M
FY25
Revenue $73.0M
Q4 '23
Revenue $17.3M
Q1 '24
Revenue $14.9M
Q2 '24
Revenue $16.1M
Q3 '24
Revenue $16.2M
Q4 '24
Revenue $19.5M
Q1 '25
Revenue $15.7M
Q2 '25
Revenue $17.5M
Q3 '25
Revenue $19.9M
Q4 '25
Revenue $19.8M
Q1 '26
Revenue $16.4M
Q2 '26
Revenue $22.2M
Q3 '26
Revenue $24.3M
FY16
Gross 30.5%
Operating −1.9%
Net −2.8%
FCF 3.9%
FY17
Gross 32.4%
Operating −2.1%
Net −2.7%
FCF −1.9%
FY18
Gross 31.7%
Operating 2.0%
Net 1.2%
FCF 2.9%
FY19
Gross 25.7%
Operating −7.2%
Net −7.9%
FCF −1.1%
FY20
Gross 25.5%
Operating −10.0%
Net −11.1%
FCF −6.6%
FY21
Gross 27.5%
Operating −3.3%
Net 11.2%
FCF 3.3%
FY22
Gross 29.7%
Operating 0.7%
Net −0.5%
FCF −2.7%
FY23
Gross 30.9%
Operating 1.4%
Net 2.9%
FCF −1.3%
FY24
Gross 27.3%
Operating −5.1%
Net −6.3%
FCF −1.8%
FY25
Gross 30.9%
Operating −0.6%
Net −2.0%
FCF 1.5%
Gross
Operating
Net
FCF
Q4 '23
Gross 22.4%
Operating −7.5%
Net −7.3%
FCF 2.2%
Q1 '24
Gross 25.0%
Operating −9.4%
Net −9.6%
FCF −2.3%
Q2 '24
Gross 25.1%
Operating −8.1%
Net −9.9%
FCF 1.4%
Q3 '24
Gross 24.2%
Operating −8.2%
Net −9.6%
FCF 2.9%
Q4 '24
Gross 33.5%
Operating 3.4%
Net 1.9%
FCF −8.1%
Q1 '25
Gross 29.4%
Operating −5.4%
Net −7.0%
FCF 16.5%
Q2 '25
Gross 30.4%
Operating −2.4%
Net −4.0%
FCF 0.4%
Q3 '25
Gross 31.7%
Operating 2.8%
Net 1.5%
FCF −11.4%
Q4 '25
Gross 31.9%
Operating 1.4%
Net 0.2%
FCF 3.6%
Q1 '26
Gross 32.7%
Operating −1.3%
Net −2.4%
FCF 6.3%
Q2 '26
Gross 34.2%
Operating 5.9%
Net 4.7%
FCF −11.7%
Q3 '26
Gross 37.4%
Operating 8.7%
Net 7.6%
FCF 5.3%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income −$1.8M
FY17
Net income −$1.7M
FY18
Net income $1.1M
FY19
Net income −$5.7M
FY20
Net income −$6.1M
FY21
Net income $6.6M
FY22
Net income −$0.3M
FY23
Net income $2.1M
FY24
Net income −$4.2M
FY25
Net income −$1.5M
Q4 '23
Net income −$1.3M
Q1 '24
Net income −$1.4M
Q2 '24
Net income −$1.6M
Q3 '24
Net income −$1.6M
Q4 '24
Net income $0.4M
Q1 '25
Net income −$1.1M
Q2 '25
Net income −$0.7M
Q3 '25
Net income $0.3M
Q4 '25
Net income $0.0M
Q1 '26
Net income −$0.4M
Q2 '26
Net income $1.1M
Q3 '26
Net income $1.9M
FY16
Diluted EPS −$0.28
FY17
Diluted EPS −$0.27
FY18
Diluted EPS $0.14
FY19
Diluted EPS −$0.77
FY20
Diluted EPS −$0.83
FY21
Diluted EPS $0.87
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Q4 '23
Diluted EPS —
Q1 '24
Diluted EPS −$0.18
Q2 '24
Diluted EPS —
Q3 '24
Diluted EPS —
Q4 '24
Diluted EPS —
Q1 '25
Diluted EPS —
Q2 '25
Diluted EPS —
Q3 '25
Diluted EPS —
Q4 '25
Diluted EPS —
Q1 '26
Diluted EPS —
Q2 '26
Diluted EPS —
Q3 '26
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital −3.2%
Return on equity −7.2%
Return on assets −4.4%
FY17
Return on capital −3.5%
Return on equity −7.2%
Return on assets −4.3%
FY18
Return on capital 5.3%
Return on equity 4.2%
Return on assets 2.6%
FY19
Return on capital −15.3%
Return on equity −23.6%
Return on assets −13.6%
FY20
Return on capital −21.5%
Return on equity −33.5%
Return on assets −16.0%
FY21
Return on capital −7.3%
Return on equity 35.3%
Return on assets 17.8%
FY22
Return on capital 1.4%
Return on equity −1.6%
Return on assets −0.9%
FY23
Return on capital 3.6%
Return on equity 8.8%
Return on assets 4.9%
FY24
Return on capital −11.5%
Return on equity −18.5%
Return on assets −10.0%
FY25
Return on capital —
Return on equity −7.8%
Return on assets −3.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $1.1M in fiscal 2025, 1.5% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $2.5M
FY17
Free cash flow −$1.2M
FY18
Free cash flow $2.5M
FY19
Free cash flow −$0.8M
FY20
Free cash flow −$3.7M
FY21
Free cash flow $2.0M
FY22
Free cash flow −$1.9M
FY23
Free cash flow −$0.9M
FY24
Free cash flow −$1.2M
FY25
Free cash flow $1.1M
Q4 '23
Free cash flow $0.4M
Q1 '24
Free cash flow −$0.3M
Q2 '24
Free cash flow $0.2M
Q3 '24
Free cash flow $0.5M
Q4 '24
Free cash flow −$1.6M
Q1 '25
Free cash flow $2.6M
Q2 '25
Free cash flow $0.1M
Q3 '25
Free cash flow −$2.3M
Q4 '25
Free cash flow $0.7M
Q1 '26
Free cash flow $1.0M
Q2 '26
Free cash flow −$2.6M
Q3 '26
Free cash flow $1.3M
FY16
Cash from operations $3.2M
Capital spending $0.6M
FY17
Cash from operations −$0.7M
Capital spending $0.5M
FY18
Cash from operations $3.2M
Capital spending $0.7M
FY19
Cash from operations −$0.3M
Capital spending $0.5M
FY20
Cash from operations −$3.6M
Capital spending $0.1M
FY21
Cash from operations $2.1M
Capital spending $0.2M
FY22
Cash from operations −$1.6M
Capital spending $0.3M
FY23
Cash from operations −$0.4M
Capital spending $0.5M
FY24
Cash from operations −$0.9M
Capital spending $0.4M
FY25
Cash from operations $1.4M
Capital spending $0.3M
Cash from operations
Capital spending
Q4 '23
Cash from operations $0.5M
Capital spending $0.1M
Q1 '24
Cash from operations −$0.3M
Capital spending $0.1M
Q2 '24
Cash from operations $0.4M
Capital spending $0.2M
Q3 '24
Cash from operations $0.6M
Capital spending $0.1M
Q4 '24
Cash from operations −$1.5M
Capital spending $0.1M
Q1 '25
Cash from operations $2.7M
Capital spending $0.1M
Q2 '25
Cash from operations $0.1M
Capital spending $0.1M
Q3 '25
Cash from operations −$2.2M
Capital spending $0.1M
Q4 '25
Cash from operations $0.8M
Capital spending $0.1M
Q1 '26
Cash from operations $1.2M
Capital spending $0.1M
Q2 '26
Cash from operations −$2.5M
Capital spending $0.1M
Q3 '26
Cash from operations $1.5M
Capital spending $0.2M
Cash from operations
Capital spending
Dividends, buybacks and share count
Optical Cable Corp returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY16
Dividends $0.1M
Buybacks $0.0M
FY17
Dividends —
Buybacks $0.0M
FY18
Dividends —
Buybacks $0.0M
FY19
Dividends —
Buybacks $0.0M
FY20
Dividends —
Buybacks $0.0M
FY21
Dividends —
Buybacks $0.0M
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.01B
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Optical Cable Corp can carry it.
FY16
Cash $1.9M
Debt $6.9M
FY17
Cash $0.9M
Debt $6.7M
FY18
Cash $0.2M
Debt $6.4M
FY19
Cash $0.5M
Debt $5.9M
FY20
Cash $0.1M
Debt $5.2M
FY21
Cash $0.1M
Debt $4.9M
FY22
Cash $0.2M
Debt $4.7M
FY23
Cash $1.5M
Debt $2.8M
FY24
Cash $0.2M
Debt $2.7M
FY25
Cash $0.2M
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.1M | $0.2M | $1.5M | $0.2M | $0.2M |
| Debt incl. finance leases | $4.9M | $4.7M | $2.8M | $2.7M | — |
| Net debt / EBITDA | — | 2.9x | 0.7x | — | — |
| Debt / equity | 0.2x | 0.2x | 0.1x | 0.1x | — |
| Interest coverage | −2.9x | 0.6x | 0.9x | −2.9x | −0.4x |
| Current ratio | 4.5x | 4.2x | 2.2x | 2.0x | 1.8x |
| Quick ratio | 1.8x | 1.6x | 0.7x | 0.8x | 0.7x |
| Total assets | $37.9M | $40.6M | $43.9M | $40.4M | $40.1M |
| Total liabilities | $15.7M | $18.4M | $19.2M | $19.5M | $18.5M |
| Shareholders' equity | $22.2M | $22.2M | $24.7M | $20.8M | $16.5M |
| Net debt (− = net cash) | $4.7M | $4.5M | $1.3M | $2.5M | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ |
| Return on assets rose | — | ✓ | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | — |
| Current ratio rose | — | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✓ | ✕ | — | — | — | — |
| Gross margin rose | — | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✓ | ✕ | ✓ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ |
| F-score | — / 3 | 6 / 9 | 6 / 9 | 3 / 9 | 4 / 9 | 7 / 9 | 3 / 8 | 4 / 8 | 2 / 8 | 5 / 7 |
| Accruals ratio | −12.1% | −2.6% | −5.1% | −12.9% | −6.7% | 12.1% | 3.2% | 5.8% | −8.0% | −7.1% |
| Altman Z'' | 6.11 | 6.00 | 6.64 | 3.49 | 3.27 | 5.51 | 5.78 | 5.05 | 3.51 | 3.20 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $64.6M | $64.1M | $87.8M | $71.3M | $55.3M | $59.1M | $69.1M | $72.2M | $66.7M | $73.0M |
| Gross profit | $19.7M | $20.8M | $27.9M | $18.3M | $14.1M | $16.3M | $20.5M | $22.3M | $18.2M | $22.6M |
| Operating income | −$1.2M | −$1.3M | $1.7M | −$5.2M | −$5.5M | −$2.0M | $0.5M | $1.0M | −$3.4M | −$0.5M |
| Interest expense | $0.6M | $0.5M | $0.6M | $0.5M | $0.6M | $0.7M | $0.8M | $1.2M | $1.2M | $1.0M |
| Pretax income | −$1.8M | −$1.7M | $1.1M | −$5.7M | −$6.1M | $6.6M | −$0.3M | $2.2M | −$4.2M | −$1.4M |
| Income tax | $0.0M | −$0.0M | −$0.0M | −$0.0M | $0.0M | −$0.0M | $0.0M | $0.1M | $0.0M | $0.0M |
| Net income | −$1.8M | −$1.7M | $1.1M | −$5.7M | −$6.1M | $6.6M | −$0.3M | $2.1M | −$4.2M | −$1.5M |
| Diluted EPS | −$0.28 | −$0.27 | $0.14 | −$0.77 | −$0.83 | $0.87 | — | — | — | — |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | — | — | — | — |
| Cash flow | ||||||||||
| Cash from operations | $3.2M | −$0.7M | $3.2M | −$0.3M | −$3.6M | $2.1M | −$1.6M | −$0.4M | −$0.9M | $1.4M |
| Capital expenditure | $0.6M | $0.5M | $0.7M | $0.5M | $0.1M | $0.2M | $0.3M | $0.5M | $0.4M | $0.3M |
| Free cash flow | $2.5M | −$1.2M | $2.5M | −$0.8M | −$3.7M | $2.0M | −$1.9M | −$0.9M | −$1.2M | $1.1M |
| Depreciation and amortization | $2.1M | $1.7M | $1.8M | $1.7M | $1.4M | $1.2M | $1.1M | $0.9M | $0.9M | $0.8M |
| Stock-based compensation | $0.8M | $0.8M | $2.2M | $1.0M | $0.1M | $0.3M | $0.4M | $0.6M | $0.4M | $0.4M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | — | — | — | — |
| Dividends paid | $0.1M | — | — | — | — | — | — | — | — | — |
| Dividends and buybacks | $0.2M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | — | — | — | — |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.9M | $0.9M | $0.2M | $0.5M | $0.1M | $0.1M | $0.2M | $1.5M | $0.2M | $0.2M |
| Total debt | $6.9M | $6.7M | $6.4M | $5.9M | $5.2M | $4.9M | $4.5M | $2.7M | $2.6M | — |
| Finance lease liabilities | — | — | — | — | — | — | $0.2M | $0.1M | $0.1M | $0.2M |
| Current assets | $26.3M | $27.1M | $31.0M | $29.4M | $25.3M | $27.6M | $31.2M | $35.0M | $30.6M | $30.8M |
| Current liabilities | $4.1M | $4.2M | $7.0M | $13.6M | $6.3M | $6.2M | $7.5M | $16.1M | $15.1M | $16.9M |
| Inventory | $15.0M | $16.8M | $17.5M | $18.1M | $17.1M | $16.3M | $19.4M | $23.8M | $18.7M | $19.8M |
| Property and equipment, net | $13.4M | $12.2M | $11.2M | $10.0M | $8.8M | $7.9M | $7.4M | $7.1M | $6.9M | $6.6M |
| Intangible assets | $0.6M | $0.6M | $0.6M | $0.7M | $0.7M | $0.6M | $0.6M | $0.6M | $0.5M | $0.5M |
| Total assets | $40.7M | $40.1M | $43.1M | $40.1M | $36.6M | $37.9M | $40.6M | $43.9M | $40.4M | $40.1M |
| Total liabilities | $15.9M | $16.4M | $16.3M | $18.9M | $21.3M | $15.7M | $18.4M | $19.2M | $19.5M | $18.5M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $24.8M | $23.7M | $26.8M | $21.2M | $15.3M | $22.2M | $22.2M | $24.7M | $20.8M | $16.5M |
| Margins | ||||||||||
| Gross margin | 30.5% | 32.4% | 31.7% | 25.7% | 25.5% | 27.5% | 29.7% | 30.9% | 27.3% | 30.9% |
| Operating margin | −1.9% | −2.1% | 2.0% | −7.2% | −10.0% | −3.3% | 0.7% | 1.4% | −5.1% | −0.6% |
| EBITDA margin | 1.3% | 0.6% | 4.1% | −4.8% | −7.4% | −1.3% | 2.2% | 2.7% | −3.8% | 0.5% |
| Net margin | −2.8% | −2.7% | 1.2% | −7.9% | −11.1% | 11.2% | −0.5% | 2.9% | −6.3% | −2.0% |
| FCF margin | 3.9% | −1.9% | 2.9% | −1.1% | −6.6% | 3.3% | −2.7% | −1.3% | −1.8% | 1.5% |
| Returns | ||||||||||
| Return on capital | −3.2% | −3.5% | 5.3% | −15.3% | −21.5% | −7.3% | 1.4% | 3.6% | −11.5% | — |
| Return on capital employed | −3.3% | −3.7% | 4.8% | −19.5% | −18.3% | −6.2% | 1.4% | 3.6% | −13.4% | −1.9% |
| Return on equity | −7.2% | −7.2% | 4.2% | −23.6% | −33.5% | 35.3% | −1.6% | 8.8% | −18.5% | −7.8% |
| Return on assets | −4.4% | −4.3% | 2.6% | −13.6% | −16.0% | 17.8% | −0.9% | 4.9% | −10.0% | −3.6% |
| Return on tangible equity | −7.4% | −7.5% | 4.1% | −27.5% | −41.9% | 30.7% | −1.6% | 8.6% | −20.7% | −9.1% |
| Growth | ||||||||||
| Revenue growth | — | −0.8% | 37.0% | −18.8% | −22.5% | 7.0% | 16.8% | 4.5% | −7.6% | 9.5% |
| Net income growth | — | — | — | −630.4% | — | — | −105.3% | — | −303.7% | — |
| EPS growth | — | — | — | −650.0% | — | — | — | — | — | — |
| FCF growth | — | −147.5% | — | −130.6% | — | — | −195.7% | — | — | — |
| Share count change | — | 1.6% | 16.0% | −2.7% | −0.4% | 3.2% | — | — | — | — |
| Financial health | ||||||||||
| Net debt / EBITDA | 6.0x | 16.1x | 1.8x | — | — | — | 2.9x | 0.7x | — | — |
| Debt / equity | 0.3x | 0.3x | 0.2x | 0.3x | 0.3x | 0.2x | 0.2x | 0.1x | 0.1x | — |
| Interest coverage | −2.0x | −2.5x | 2.9x | −9.9x | −9.7x | −2.9x | 0.6x | 0.9x | −2.9x | −0.4x |
| Current ratio | 6.4x | 6.5x | 4.4x | 2.2x | 4.0x | 4.5x | 4.2x | 2.2x | 2.0x | 1.8x |
| Quick ratio | 2.7x | 2.5x | 1.9x | 0.8x | 1.3x | 1.8x | 1.6x | 0.7x | 0.8x | 0.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.0% | 0.8% | 0.8% | 0.7% | 0.2% | 0.3% | 0.4% | 0.7% | 0.6% | 0.4% |
| Stock comp / revenue | 1.2% | 1.2% | 2.5% | 1.4% | 0.3% | 0.6% | 0.6% | 0.8% | 0.7% | 0.5% |
| Payouts / FCF | 7.2% | — | 0.1% | — | — | 0.0% | — | — | — | — |
| Quality scores | ||||||||||
| Piotroski F-score | — | 6.0 | 6.0 | 3.0 | 4.0 | 7.0 | 3.0 | 4.0 | 2.0 | 5.0 |
| Altman Z'' | 6.1 | 6.0 | 6.6 | 3.5 | 3.3 | 5.5 | 5.8 | 5.1 | 3.5 | 3.2 |
| Accruals ratio | −12.1% | −2.6% | −5.1% | −12.9% | −6.7% | 12.1% | 3.2% | 5.8% | −8.0% | −7.1% |
Source: SEC EDGAR XBRL filings (CIK 0001000230). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.