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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.

Alliance Laundry Holdings Inc. is the larger business by last-quarter revenue ($437.6M vs $242.1M, roughly 1.8× ONESPAWORLD HOLDINGS Ltd). Alliance Laundry Holdings Inc. runs the higher net margin — 7.5% vs 5.0%, a 2.5% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs 11.5%). Alliance Laundry Holdings Inc. produced more free cash flow last quarter ($87.0M vs $14.9M).

Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...

ALH vs OSW — Head-to-Head

Bigger by revenue
ALH
ALH
1.8× larger
ALH
$437.6M
$242.1M
OSW
Growing faster (revenue YoY)
ALH
ALH
+2.4% gap
ALH
13.9%
11.5%
OSW
Higher net margin
ALH
ALH
2.5% more per $
ALH
7.5%
5.0%
OSW
More free cash flow
ALH
ALH
$72.1M more FCF
ALH
$87.0M
$14.9M
OSW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALH
ALH
OSW
OSW
Revenue
$437.6M
$242.1M
Net Profit
$32.9M
$12.1M
Gross Margin
37.0%
Operating Margin
19.5%
6.8%
Net Margin
7.5%
5.0%
Revenue YoY
13.9%
11.5%
Net Profit YoY
620.3%
-16.2%
EPS (diluted)
$0.19
$0.12

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
ALH
ALH
OSW
OSW
Q4 25
$242.1M
Q3 25
$437.6M
$258.5M
Q2 25
$240.7M
Q1 25
$219.6M
Q4 24
$217.2M
Q3 24
$384.3M
$241.7M
Q2 24
$224.9M
Q1 24
$211.2M
Net Profit
ALH
ALH
OSW
OSW
Q4 25
$12.1M
Q3 25
$32.9M
$24.3M
Q2 25
$19.9M
Q1 25
$15.3M
Q4 24
$14.4M
Q3 24
$-6.3M
$21.6M
Q2 24
$15.8M
Q1 24
$21.2M
Gross Margin
ALH
ALH
OSW
OSW
Q4 25
Q3 25
37.0%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Q1 24
Operating Margin
ALH
ALH
OSW
OSW
Q4 25
6.8%
Q3 25
19.5%
10.2%
Q2 25
9.2%
Q1 25
7.7%
Q4 24
7.9%
Q3 24
18.7%
10.3%
Q2 24
8.4%
Q1 24
8.0%
Net Margin
ALH
ALH
OSW
OSW
Q4 25
5.0%
Q3 25
7.5%
9.4%
Q2 25
8.3%
Q1 25
7.0%
Q4 24
6.6%
Q3 24
-1.6%
8.9%
Q2 24
7.0%
Q1 24
10.0%
EPS (diluted)
ALH
ALH
OSW
OSW
Q4 25
$0.12
Q3 25
$0.19
$0.23
Q2 25
$0.19
Q1 25
$0.15
Q4 24
$0.13
Q3 24
$-0.04
$0.20
Q2 24
$0.15
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
ALH
ALH
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$136.2M
$16.3M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$-136.4M
$542.6M
Total Assets
$2.9B
$707.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALH
ALH
OSW
OSW
Q4 25
$16.3M
Q3 25
$136.2M
$29.6M
Q2 25
$35.0M
Q1 25
$22.6M
Q4 24
$57.4M
Q3 24
$128.4M
$48.8M
Q2 24
$62.5M
Q1 24
$65.4M
Total Debt
ALH
ALH
OSW
OSW
Q4 25
$84.0M
Q3 25
$85.2M
Q2 25
$96.2M
Q1 25
$97.4M
Q4 24
$98.6M
Q3 24
$98.7M
Q2 24
$123.8M
Q1 24
$138.6M
Stockholders' Equity
ALH
ALH
OSW
OSW
Q4 25
$542.6M
Q3 25
$-136.4M
$552.8M
Q2 25
$548.3M
Q1 25
$530.6M
Q4 24
$554.5M
Q3 24
$-284.6M
$540.1M
Q2 24
$532.7M
Q1 24
$515.5M
Total Assets
ALH
ALH
OSW
OSW
Q4 25
$707.1M
Q3 25
$2.9B
$732.6M
Q2 25
$731.8M
Q1 25
$708.7M
Q4 24
$746.4M
Q3 24
$734.0M
Q2 24
$756.8M
Q1 24
$763.6M
Debt / Equity
ALH
ALH
OSW
OSW
Q4 25
0.15×
Q3 25
0.15×
Q2 25
0.18×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.23×
Q1 24
0.27×

Cash Flow & Capital Efficiency

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

Metric
ALH
ALH
OSW
OSW
Operating Cash FlowLast quarter
$116.8M
$20.0M
Free Cash FlowOCF − Capex
$87.0M
$14.9M
FCF MarginFCF / Revenue
19.9%
6.2%
Capex IntensityCapex / Revenue
6.8%
2.1%
Cash ConversionOCF / Net Profit
3.55×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALH
ALH
OSW
OSW
Q4 25
$20.0M
Q3 25
$116.8M
$33.2M
Q2 25
$20.3M
Q1 25
$10.1M
Q4 24
$16.6M
Q3 24
$28.6M
Q2 24
$18.7M
Q1 24
$15.0M
Free Cash Flow
ALH
ALH
OSW
OSW
Q4 25
$14.9M
Q3 25
$87.0M
$27.6M
Q2 25
$17.6M
Q1 25
$8.4M
Q4 24
$13.2M
Q3 24
$27.5M
Q2 24
$17.6M
Q1 24
$13.7M
FCF Margin
ALH
ALH
OSW
OSW
Q4 25
6.2%
Q3 25
19.9%
10.7%
Q2 25
7.3%
Q1 25
3.8%
Q4 24
6.1%
Q3 24
11.4%
Q2 24
7.8%
Q1 24
6.5%
Capex Intensity
ALH
ALH
OSW
OSW
Q4 25
2.1%
Q3 25
6.8%
2.2%
Q2 25
1.1%
Q1 25
0.8%
Q4 24
1.5%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.6%
Cash Conversion
ALH
ALH
OSW
OSW
Q4 25
1.65×
Q3 25
3.55×
1.36×
Q2 25
1.02×
Q1 25
0.66×
Q4 24
1.15×
Q3 24
1.33×
Q2 24
1.19×
Q1 24
0.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALH
ALH

Equipment Product Or Service$275.7M63%
Other$106.8M24%
Service Parts$33.1M8%
Equipment Financing$12.6M3%

OSW
OSW

Services$197.3M82%
Products$44.8M18%

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