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Onespaworld Holdings Limited Financials

OSW
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Onespaworld Holdings Limited (OSW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
41

Onespaworld Holdings Limited has an operating margin of 8.5%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is down from 8.7% the prior year.

Growth
46

Onespaworld Holdings Limited's revenue grew 7.4% year-over-year to $961.0M, a solid pace of expansion. This earns a growth score of 46/100.

Leverage
99

Onespaworld Holdings Limited carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
34

Onespaworld Holdings Limited's current ratio of 1.91 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
43

Onespaworld Holdings Limited has a free cash flow margin of 7.1%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
40

Onespaworld Holdings Limited's ROE of 13.2% shows moderate profitability relative to equity, earning a score of 40/100. This is up from 13.1% the prior year.

Altman Z-Score Safe
10.08

Onespaworld Holdings Limited scores 10.08, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($164.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Onespaworld Holdings Limited passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.17x

For every $1 of reported earnings, Onespaworld Holdings Limited generates $1.17 in operating cash flow ($83.5M OCF vs $71.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
14.4x

Onespaworld Holdings Limited earns $14.4 in operating income for every $1 of interest expense ($81.6M vs $5.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$961.0M
YoY+7.4%
5Y CAGR+51.4%

Onespaworld Holdings Limited generated $961.0M in revenue in fiscal year 2025. This represents an increase of 7.4% from the prior year.

EBITDA
$107.0M
YoY+4.5%

Onespaworld Holdings Limited's EBITDA was $107.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the prior year.

Net Income
$71.6M
YoY-1.7%

Onespaworld Holdings Limited reported $71.6M in net income in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

EPS (Diluted)
$0.69
YoY+0.0%

Onespaworld Holdings Limited earned $0.69 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$68.4M
YoY-5.0%

Onespaworld Holdings Limited generated $68.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 5.0% from the prior year.

Cash & Debt
$16.3M
YoY-71.6%
5Y CAGR-17.1%

Onespaworld Holdings Limited held $16.3M in cash against $84.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
8.5%
YoY-0.2pp
5Y CAGR+227.6pp

Onespaworld Holdings Limited's operating margin was 8.5% in fiscal year 2025, reflecting core business profitability. This is down 0.2 percentage points from the prior year.

Net Margin
7.4%
YoY-0.7pp
5Y CAGR+245.6pp

Onespaworld Holdings Limited's net profit margin was 7.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.

Return on Equity
13.2%
YoY+0.1pp
5Y CAGR+103.0pp

Onespaworld Holdings Limited's ROE was 13.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$75.4M
YoY+297.3%

Onespaworld Holdings Limited spent $75.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 297.3% from the prior year.

Capital Expenditures
$15.1M
YoY+123.5%
5Y CAGR+47.9%

Onespaworld Holdings Limited invested $15.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 123.5% from the prior year.

OSW Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $242.1M-6.3% $258.5M+7.4% $240.7M+9.6% $219.6M+1.1% $217.2M-10.1% $241.7M+7.5% $224.9M+6.5% $211.2M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $4.9M+6.7% $4.6M+3.6% $4.4M+4.7% $4.2M-27.3% $5.8M+36.7% $4.2M-10.6% $4.7M+16.8% $4.1M
Operating Income $16.4M-37.8% $26.3M+18.9% $22.1M+31.4% $16.8M-2.3% $17.2M-31.1% $25.0M+32.8% $18.8M+11.0% $17.0M
Interest Expense $1.7M+26.5% $1.4M-1.1% $1.4M+21.6% $1.1M-51.7% $2.4M-4.8% $2.5M+12.4% $2.2M-24.8% $3.0M
Income Tax $2.7M+368.0% $578K-27.0% $792K+89.0% $419K-74.4% $1.6M+69.2% $966K+18.8% $813K+40.4% $579K
Net Income $12.1M-50.5% $24.3M+22.1% $19.9M+30.6% $15.3M+6.1% $14.4M-33.2% $21.6M+36.8% $15.8M-25.5% $21.2M
EPS (Diluted) N/A $0.23+21.1% $0.19+26.7% $0.15 N/A $0.20+33.3% $0.15-28.6% $0.21

OSW Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $707.1M-3.5% $732.6M+0.1% $731.8M+3.3% $708.7M-5.1% $746.4M+1.7% $734.0M-3.0% $756.8M-0.9% $763.6M
Current Assets $137.7M-11.4% $155.3M+1.2% $153.4M+18.5% $129.4M-19.9% $161.5M+11.6% $144.7M-10.8% $162.2M-0.9% $163.6M
Cash & Equivalents $16.3M-44.8% $29.6M-15.6% $35.0M+55.0% $22.6M-60.6% $57.4M+17.7% $48.8M-21.9% $62.5M-4.5% $65.4M
Inventory $58.8M-7.0% $63.3M+12.2% $56.4M+12.6% $50.1M+7.2% $46.7M+7.7% $43.4M+0.8% $43.1M-3.7% $44.7M
Accounts Receivable $47.9M0.0% $47.9M+1.3% $47.3M+5.9% $44.7M-3.5% $46.3M+9.5% $42.2M-7.9% $45.9M+5.4% $43.5M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $164.5M-8.5% $179.8M-2.0% $183.5M+3.0% $178.2M-7.2% $191.9M-1.0% $193.9M-13.5% $224.1M-9.6% $248.1M
Current Liabilities $72.0M-14.7% $84.3M+3.6% $81.4M+9.0% $74.7M-6.0% $79.4M+0.8% $78.8M-1.6% $80.0M-9.6% $88.5M
Long-Term Debt $84.0M-1.4% $85.2M-6.6% $91.2M-1.3% $92.4M-1.3% $93.6M-1.4% $94.9M-23.3% $123.8M-10.6% $138.6M
Total Equity $542.6M-1.8% $552.8M+0.8% $548.3M+3.3% $530.6M-4.3% $554.5M+2.7% $540.1M+1.4% $532.7M+3.3% $515.5M
Retained Earnings -$253.0M-0.1% -$252.8M+4.9% -$265.9M+7.0% -$285.9M-2.1% -$279.9M+4.9% -$294.3M+5.2% -$310.6M+4.8% -$326.3M

OSW Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $20.0M-39.8% $33.2M+63.4% $20.3M+100.8% $10.1M-38.9% $16.6M-42.1% $28.6M+53.1% $18.7M+25.0% $15.0M
Capital Expenditures $5.0M-9.8% $5.6M+105.1% $2.7M+60.8% $1.7M-48.7% $3.3M+197.9% $1.1M-0.4% $1.1M-7.5% $1.2M
Free Cash Flow $14.9M-45.9% $27.6M+56.9% $17.6M+108.9% $8.4M-36.5% $13.2M-51.8% $27.5M+56.5% $17.6M+27.8% $13.7M
Investing Cash Flow -$6.7M-19.5% -$5.6M-105.1% -$2.7M-60.8% -$1.7M+48.7% -$3.3M-197.9% -$1.1M+0.4% -$1.1M+7.5% -$1.2M
Financing Cash Flow -$26.2M+20.5% -$33.0M-515.7% -$5.4M+87.6% -$43.3M-897.2% -$4.3M+89.5% -$41.4M-102.8% -$20.4M-185.2% $24.0M
Dividends Paid $5.1M+23.2% $4.1M0.0% $4.1M-1.9% $4.2M+0.7% $4.2M-0.3% $4.2M $0 $0
Share Buybacks $19.9M+12.9% $17.6M $0-100.0% $37.9M $0-100.0% $11.3M $0-100.0% $7.7M

OSW Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 6.8%-3.4pp 10.2%+1.0pp 9.2%+1.5pp 7.7%-0.3pp 7.9%-2.4pp 10.3%+2.0pp 8.4%+0.3pp 8.0%
Net Margin 5.0%-4.4pp 9.4%+1.1pp 8.3%+1.3pp 7.0%+0.3pp 6.6%-2.3pp 8.9%+1.9pp 7.0%-3.0pp 10.0%
Return on Equity 2.2%-2.2pp 4.4%+0.8pp 3.6%+0.8pp 2.9%+0.3pp 2.6%-1.4pp 4.0%+1.0pp 3.0%-1.1pp 4.1%
Return on Assets 1.7%-1.6pp 3.3%+0.6pp 2.7%+0.6pp 2.1%+0.2pp 1.9%-1.0pp 2.9%+0.9pp 2.1%-0.7pp 2.8%
Current Ratio 1.91+0.1 1.84-0.0 1.88+0.2 1.73-0.3 2.03+0.2 1.84-0.2 2.03+0.2 1.85
Debt-to-Equity 0.150.0 0.15-0.0 0.170.0 0.170.0 0.170.0 0.18-0.1 0.23-0.0 0.27
FCF Margin 6.2%-4.5pp 10.7%+3.4pp 7.3%+3.5pp 3.8%-2.3pp 6.1%-5.3pp 11.4%+3.6pp 7.8%+1.3pp 6.5%

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Frequently Asked Questions

Onespaworld Holdings Limited (OSW) reported $961.0M in total revenue for fiscal year 2025. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Onespaworld Holdings Limited (OSW) revenue grew by 7.4% year-over-year, from $895.0M to $961.0M in fiscal year 2025.

Yes, Onespaworld Holdings Limited (OSW) reported a net income of $71.6M in fiscal year 2025, with a net profit margin of 7.4%.

Onespaworld Holdings Limited (OSW) reported diluted earnings per share of $0.69 for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Onespaworld Holdings Limited (OSW) had EBITDA of $107.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Onespaworld Holdings Limited (OSW) had $16.3M in cash and equivalents against $84.0M in long-term debt.

Onespaworld Holdings Limited (OSW) had an operating margin of 8.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Onespaworld Holdings Limited (OSW) had a net profit margin of 7.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Onespaworld Holdings Limited (OSW) has a return on equity of 13.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Onespaworld Holdings Limited (OSW) generated $68.4M in free cash flow during fiscal year 2025. This represents a -5.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Onespaworld Holdings Limited (OSW) generated $83.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Onespaworld Holdings Limited (OSW) had $707.1M in total assets as of fiscal year 2025, including both current and long-term assets.

Onespaworld Holdings Limited (OSW) invested $15.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Onespaworld Holdings Limited (OSW) spent $75.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Onespaworld Holdings Limited (OSW) had a current ratio of 1.91 as of fiscal year 2025, which is generally considered healthy.

Onespaworld Holdings Limited (OSW) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Onespaworld Holdings Limited (OSW) had a return on assets of 10.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Onespaworld Holdings Limited (OSW) has an Altman Z-Score of 10.08, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Onespaworld Holdings Limited (OSW) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Onespaworld Holdings Limited (OSW) has an earnings quality ratio of 1.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Onespaworld Holdings Limited (OSW) has an interest coverage ratio of 14.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Onespaworld Holdings Limited (OSW) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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