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Side-by-side financial comparison of American Outdoor Brands, Inc. (AOUT) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.

OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $57.2M, roughly 1.2× American Outdoor Brands, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs 3.6%, a 13.9% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -5.0%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs 3.5%).

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.

AOUT vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.2× larger
OSPN
$65.9M
$57.2M
AOUT
Growing faster (revenue YoY)
OSPN
OSPN
+9.1% gap
OSPN
4.1%
-5.0%
AOUT
Higher net margin
OSPN
OSPN
13.9% more per $
OSPN
17.5%
3.6%
AOUT
Faster 2-yr revenue CAGR
OSPN
OSPN
Annualised
OSPN
4.0%
3.5%
AOUT

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AOUT
AOUT
OSPN
OSPN
Revenue
$57.2M
$65.9M
Net Profit
$2.1M
$11.6M
Gross Margin
45.6%
73.6%
Operating Margin
3.7%
22.5%
Net Margin
3.6%
17.5%
Revenue YoY
-5.0%
4.1%
Net Profit YoY
-33.3%
EPS (diluted)
$0.16
$0.39

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
AOUT
AOUT
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$57.2M
$62.9M
Q3 25
$29.7M
$57.1M
Q2 25
$61.9M
$59.8M
Q1 25
$58.5M
$63.4M
Q4 24
$60.2M
$61.2M
Q3 24
$41.6M
$56.2M
Q2 24
$46.3M
$60.9M
Net Profit
AOUT
AOUT
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$2.1M
$43.5M
Q3 25
$-6.8M
$6.5M
Q2 25
$-992.0K
$8.3M
Q1 25
$169.0K
$14.5M
Q4 24
$3.1M
$28.8M
Q3 24
$-2.4M
$8.3M
Q2 24
$-5.3M
$6.6M
Gross Margin
AOUT
AOUT
OSPN
OSPN
Q1 26
73.6%
Q4 25
45.6%
73.6%
Q3 25
46.7%
73.6%
Q2 25
40.9%
73.5%
Q1 25
44.7%
74.3%
Q4 24
48.0%
74.0%
Q3 24
45.4%
73.9%
Q2 24
41.9%
66.2%
Operating Margin
AOUT
AOUT
OSPN
OSPN
Q1 26
22.5%
Q4 25
3.7%
19.9%
Q3 25
-23.0%
14.4%
Q2 25
-1.5%
17.6%
Q1 25
0.5%
27.1%
Q4 24
5.1%
19.3%
Q3 24
-6.2%
20.0%
Q2 24
-11.9%
12.5%
Net Margin
AOUT
AOUT
OSPN
OSPN
Q1 26
17.5%
Q4 25
3.6%
69.2%
Q3 25
-23.0%
11.4%
Q2 25
-1.6%
13.9%
Q1 25
0.3%
22.9%
Q4 24
5.2%
47.1%
Q3 24
-5.7%
14.7%
Q2 24
-11.5%
10.8%
EPS (diluted)
AOUT
AOUT
OSPN
OSPN
Q1 26
$0.39
Q4 25
$0.16
$1.13
Q3 25
$-0.54
$0.17
Q2 25
$-0.08
$0.21
Q1 25
$0.01
$0.37
Q4 24
$0.24
$0.73
Q3 24
$-0.18
$0.21
Q2 24
$-0.41
$0.17

Balance Sheet & Financial Strength

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

Metric
AOUT
AOUT
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$3.1M
$49.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$170.4M
$272.0M
Total Assets
$240.9M
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOUT
AOUT
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$3.1M
$70.5M
Q3 25
$17.8M
$85.6M
Q2 25
$23.4M
$92.9M
Q1 25
$17.1M
$105.2M
Q4 24
$14.2M
$83.2M
Q3 24
$23.5M
$77.5M
Q2 24
$29.7M
$63.8M
Stockholders' Equity
AOUT
AOUT
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$170.4M
$271.8M
Q3 25
$167.8M
$238.3M
Q2 25
$177.6M
$242.5M
Q1 25
$178.7M
$231.1M
Q4 24
$178.9M
$212.5M
Q3 24
$175.7M
$194.6M
Q2 24
$177.9M
$178.6M
Total Assets
AOUT
AOUT
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$240.9M
$397.7M
Q3 25
$241.9M
$343.5M
Q2 25
$246.4M
$357.1M
Q1 25
$245.9M
$333.8M
Q4 24
$254.1M
$338.7M
Q3 24
$244.8M
$289.3M
Q2 24
$240.6M
$286.9M

Cash Flow & Capital Efficiency

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

Metric
AOUT
AOUT
OSPN
OSPN
Operating Cash FlowLast quarter
$-13.3M
$28.2M
Free Cash FlowOCF − Capex
$-14.1M
FCF MarginFCF / Revenue
-24.6%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
-6.41×
2.44×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOUT
AOUT
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$-13.3M
$12.6M
Q3 25
$-1.7M
$11.3M
Q2 25
$7.8M
$6.2M
Q1 25
$5.9M
$29.4M
Q4 24
$-7.9M
$12.4M
Q3 24
$-4.4M
$14.0M
Q2 24
$14.7M
$2.3M
Free Cash Flow
AOUT
AOUT
OSPN
OSPN
Q1 26
Q4 25
$-14.1M
$9.6M
Q3 25
$-2.0M
$8.8M
Q2 25
$7.2M
$4.4M
Q1 25
$4.2M
$27.7M
Q4 24
$-8.0M
$10.5M
Q3 24
$-5.2M
$12.0M
Q2 24
$14.2M
$26.0K
FCF Margin
AOUT
AOUT
OSPN
OSPN
Q1 26
Q4 25
-24.6%
15.3%
Q3 25
-6.7%
15.4%
Q2 25
11.6%
7.3%
Q1 25
7.2%
43.8%
Q4 24
-13.3%
17.1%
Q3 24
-12.5%
21.4%
Q2 24
30.6%
0.0%
Capex Intensity
AOUT
AOUT
OSPN
OSPN
Q1 26
Q4 25
1.3%
4.7%
Q3 25
1.0%
4.4%
Q2 25
0.9%
3.1%
Q1 25
2.9%
2.6%
Q4 24
0.1%
3.2%
Q3 24
2.0%
3.5%
Q2 24
1.1%
3.7%
Cash Conversion
AOUT
AOUT
OSPN
OSPN
Q1 26
2.44×
Q4 25
-6.41×
0.29×
Q3 25
1.74×
Q2 25
0.75×
Q1 25
34.86×
2.02×
Q4 24
-2.55×
0.43×
Q3 24
1.69×
Q2 24
0.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AOUT
AOUT

Traditional Channels Net Sales$36.8M64%
E Commerce Channels Net Sales$20.4M36%

OSPN
OSPN

Product and license$35.5M54%
Services and other$30.4M46%

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