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Side-by-side financial comparison of Confluent, Inc. (CFLT) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $242.1M, roughly 1.3× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -25.2%, a 30.2% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs 11.5%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $14.9M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs 7.1%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
CFLT vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $242.1M |
| Net Profit | $-79.2M | $12.1M |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | 6.8% |
| Net Margin | -25.2% | 5.0% |
| Revenue YoY | 20.5% | 11.5% |
| Net Profit YoY | 10.0% | -16.2% |
| EPS (diluted) | $-0.23 | $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.
| Q4 25 | $314.8M | $242.1M | ||
| Q3 25 | $298.5M | $258.5M | ||
| Q2 25 | $282.3M | $240.7M | ||
| Q1 25 | $271.1M | $219.6M | ||
| Q4 24 | $261.2M | $217.2M | ||
| Q3 24 | $250.2M | $241.7M | ||
| Q2 24 | $235.0M | $224.9M | ||
| Q1 24 | $217.2M | $211.2M |
| Q4 25 | $-79.2M | $12.1M | ||
| Q3 25 | $-66.5M | $24.3M | ||
| Q2 25 | $-82.0M | $19.9M | ||
| Q1 25 | $-67.6M | $15.3M | ||
| Q4 24 | $-88.1M | $14.4M | ||
| Q3 24 | $-74.1M | $21.6M | ||
| Q2 24 | $-89.9M | $15.8M | ||
| Q1 24 | $-93.0M | $21.2M |
| Q4 25 | 74.7% | — | ||
| Q3 25 | 74.2% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 74.5% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 72.3% | — | ||
| Q1 24 | 71.8% | — |
| Q4 25 | -31.5% | 6.8% | ||
| Q3 25 | -27.9% | 10.2% | ||
| Q2 25 | -34.2% | 9.2% | ||
| Q1 25 | -37.3% | 7.7% | ||
| Q4 24 | -40.5% | 7.9% | ||
| Q3 24 | -37.4% | 10.3% | ||
| Q2 24 | -46.1% | 8.4% | ||
| Q1 24 | -51.3% | 8.0% |
| Q4 25 | -25.2% | 5.0% | ||
| Q3 25 | -22.3% | 9.4% | ||
| Q2 25 | -29.0% | 8.3% | ||
| Q1 25 | -24.9% | 7.0% | ||
| Q4 24 | -33.7% | 6.6% | ||
| Q3 24 | -29.6% | 8.9% | ||
| Q2 24 | -38.3% | 7.0% | ||
| Q1 24 | -42.8% | 10.0% |
| Q4 25 | $-0.23 | $0.12 | ||
| Q3 25 | $-0.19 | $0.23 | ||
| Q2 25 | $-0.24 | $0.19 | ||
| Q1 25 | $-0.20 | $0.15 | ||
| Q4 24 | $-0.26 | $0.13 | ||
| Q3 24 | $-0.23 | $0.20 | ||
| Q2 24 | $-0.28 | $0.15 | ||
| Q1 24 | $-0.30 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | $16.3M |
| Total DebtLower is stronger | $1.1B | $84.0M |
| Stockholders' EquityBook value | $1.2B | $542.6M |
| Total Assets | $3.0B | $707.1M |
| Debt / EquityLower = less leverage | 0.94× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $16.3M | ||
| Q3 25 | $298.5M | $29.6M | ||
| Q2 25 | $295.6M | $35.0M | ||
| Q1 25 | $278.6M | $22.6M | ||
| Q4 24 | $386.0M | $57.4M | ||
| Q3 24 | $322.6M | $48.8M | ||
| Q2 24 | $311.3M | $62.5M | ||
| Q1 24 | $336.4M | $65.4M |
| Q4 25 | $1.1B | $84.0M | ||
| Q3 25 | $1.1B | $85.2M | ||
| Q2 25 | $1.1B | $96.2M | ||
| Q1 25 | $1.1B | $97.4M | ||
| Q4 24 | $1.1B | $98.6M | ||
| Q3 24 | $1.1B | $98.7M | ||
| Q2 24 | $1.1B | $123.8M | ||
| Q1 24 | $1.1B | $138.6M |
| Q4 25 | $1.2B | $542.6M | ||
| Q3 25 | $1.1B | $552.8M | ||
| Q2 25 | $1.1B | $548.3M | ||
| Q1 25 | $1.0B | $530.6M | ||
| Q4 24 | $961.2M | $554.5M | ||
| Q3 24 | $934.3M | $540.1M | ||
| Q2 24 | $873.9M | $532.7M | ||
| Q1 24 | $845.2M | $515.5M |
| Q4 25 | $3.0B | $707.1M | ||
| Q3 25 | $2.9B | $732.6M | ||
| Q2 25 | $2.8B | $731.8M | ||
| Q1 25 | $2.7B | $708.7M | ||
| Q4 24 | $2.7B | $746.4M | ||
| Q3 24 | $2.6B | $734.0M | ||
| Q2 24 | $2.5B | $756.8M | ||
| Q1 24 | $2.4B | $763.6M |
| Q4 25 | 0.94× | 0.15× | ||
| Q3 25 | 0.98× | 0.15× | ||
| Q2 25 | 1.03× | 0.18× | ||
| Q1 25 | 1.07× | 0.18× | ||
| Q4 24 | 1.14× | 0.18× | ||
| Q3 24 | 1.17× | 0.18× | ||
| Q2 24 | 1.25× | 0.23× | ||
| Q1 24 | 1.29× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.1M | $20.0M |
| Free Cash FlowOCF − Capex | $41.7M | $14.9M |
| FCF MarginFCF / Revenue | 13.2% | 6.2% |
| Capex IntensityCapex / Revenue | 0.1% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $20.0M | ||
| Q3 25 | $30.8M | $33.2M | ||
| Q2 25 | $18.1M | $20.3M | ||
| Q1 25 | $-26.8M | $10.1M | ||
| Q4 24 | $35.2M | $16.6M | ||
| Q3 24 | $15.6M | $28.6M | ||
| Q2 24 | $8.6M | $18.7M | ||
| Q1 24 | $-26.0M | $15.0M |
| Q4 25 | $41.7M | $14.9M | ||
| Q3 25 | $30.0M | $27.6M | ||
| Q2 25 | $17.2M | $17.6M | ||
| Q1 25 | $-28.2M | $8.4M | ||
| Q4 24 | $34.5M | $13.2M | ||
| Q3 24 | $15.0M | $27.5M | ||
| Q2 24 | $7.5M | $17.6M | ||
| Q1 24 | $-26.1M | $13.7M |
| Q4 25 | 13.2% | 6.2% | ||
| Q3 25 | 10.0% | 10.7% | ||
| Q2 25 | 6.1% | 7.3% | ||
| Q1 25 | -10.4% | 3.8% | ||
| Q4 24 | 13.2% | 6.1% | ||
| Q3 24 | 6.0% | 11.4% | ||
| Q2 24 | 3.2% | 7.8% | ||
| Q1 24 | -12.0% | 6.5% |
| Q4 25 | 0.1% | 2.1% | ||
| Q3 25 | 0.3% | 2.2% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.5% | 0.5% | ||
| Q1 24 | 0.1% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 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
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
