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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) 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 $41.2M, roughly 1.6× CTO Realty Growth, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs 15.1%, a 2.5% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs 4.1%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs 4.0%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.6× larger
OSPN
$65.9M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+10.9% gap
CTO
15.0%
4.1%
OSPN
Higher net margin
OSPN
OSPN
2.5% more per $
OSPN
17.5%
15.1%
CTO
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
4.0%
OSPN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CTO
CTO
OSPN
OSPN
Revenue
$41.2M
$65.9M
Net Profit
$6.2M
$11.6M
Gross Margin
73.6%
Operating Margin
175.0%
22.5%
Net Margin
15.1%
17.5%
Revenue YoY
15.0%
4.1%
Net Profit YoY
174.4%
EPS (diluted)
$0.13
$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
CTO
CTO
OSPN
OSPN
Q1 26
$41.2M
$65.9M
Q4 25
$38.3M
$62.9M
Q3 25
$37.8M
$57.1M
Q2 25
$37.6M
$59.8M
Q1 25
$35.8M
$63.4M
Q4 24
$35.7M
$61.2M
Q3 24
$31.8M
$56.2M
Q2 24
$28.8M
$60.9M
Net Profit
CTO
CTO
OSPN
OSPN
Q1 26
$6.2M
$11.6M
Q4 25
$28.3M
$43.5M
Q3 25
$2.9M
$6.5M
Q2 25
$-23.4M
$8.3M
Q1 25
$2.3M
$14.5M
Q4 24
$-15.2M
$28.8M
Q3 24
$6.2M
$8.3M
Q2 24
$1.2M
$6.6M
Gross Margin
CTO
CTO
OSPN
OSPN
Q1 26
73.6%
Q4 25
75.0%
73.6%
Q3 25
75.4%
73.6%
Q2 25
73.0%
73.5%
Q1 25
75.2%
74.3%
Q4 24
74.4%
74.0%
Q3 24
74.4%
73.9%
Q2 24
71.1%
66.2%
Operating Margin
CTO
CTO
OSPN
OSPN
Q1 26
175.0%
22.5%
Q4 25
75.1%
19.9%
Q3 25
26.6%
14.4%
Q2 25
-33.7%
17.6%
Q1 25
22.0%
27.1%
Q4 24
-20.4%
19.3%
Q3 24
15.6%
20.0%
Q2 24
18.8%
12.5%
Net Margin
CTO
CTO
OSPN
OSPN
Q1 26
15.1%
17.5%
Q4 25
73.9%
69.2%
Q3 25
7.7%
11.4%
Q2 25
-62.2%
13.9%
Q1 25
6.3%
22.9%
Q4 24
-42.6%
47.1%
Q3 24
19.6%
14.7%
Q2 24
4.1%
10.8%
EPS (diluted)
CTO
CTO
OSPN
OSPN
Q1 26
$0.13
$0.39
Q4 25
$0.81
$1.13
Q3 25
$0.03
$0.17
Q2 25
$-0.77
$0.21
Q1 25
$0.01
$0.37
Q4 24
$-0.69
$0.73
Q3 24
$0.17
$0.21
Q2 24
$-0.03
$0.17

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$8.3M
$49.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$272.0M
Total Assets
$1.3B
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
OSPN
OSPN
Q1 26
$8.3M
$49.8M
Q4 25
$6.5M
$70.5M
Q3 25
$9.3M
$85.6M
Q2 25
$8.6M
$92.9M
Q1 25
$8.4M
$105.2M
Q4 24
$9.0M
$83.2M
Q3 24
$8.2M
$77.5M
Q2 24
$4.8M
$63.8M
Total Debt
CTO
CTO
OSPN
OSPN
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
OSPN
OSPN
Q1 26
$575.4M
$272.0M
Q4 25
$567.3M
$271.8M
Q3 25
$557.3M
$238.3M
Q2 25
$574.1M
$242.5M
Q1 25
$593.9M
$231.1M
Q4 24
$612.8M
$212.5M
Q3 24
$595.8M
$194.6M
Q2 24
$491.8M
$178.6M
Total Assets
CTO
CTO
OSPN
OSPN
Q1 26
$1.3B
$383.1M
Q4 25
$1.3B
$397.7M
Q3 25
$1.2B
$343.5M
Q2 25
$1.2B
$357.1M
Q1 25
$1.2B
$333.8M
Q4 24
$1.2B
$338.7M
Q3 24
$1.2B
$289.3M
Q2 24
$1.0B
$286.9M
Debt / Equity
CTO
CTO
OSPN
OSPN
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

Cash Flow & Capital Efficiency

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

Metric
CTO
CTO
OSPN
OSPN
Operating Cash FlowLast quarter
$28.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$64.6M
$12.6M
Q3 25
$25.5M
$11.3M
Q2 25
$21.9M
$6.2M
Q1 25
$10.3M
$29.4M
Q4 24
$59.9M
$12.4M
Q3 24
$21.2M
$14.0M
Q2 24
$12.9M
$2.3M
Free Cash Flow
CTO
CTO
OSPN
OSPN
Q1 26
Q4 25
$9.6M
Q3 25
$8.8M
Q2 25
$4.4M
Q1 25
$27.7M
Q4 24
$10.5M
Q3 24
$12.0M
Q2 24
$26.0K
FCF Margin
CTO
CTO
OSPN
OSPN
Q1 26
Q4 25
15.3%
Q3 25
15.4%
Q2 25
7.3%
Q1 25
43.8%
Q4 24
17.1%
Q3 24
21.4%
Q2 24
0.0%
Capex Intensity
CTO
CTO
OSPN
OSPN
Q1 26
Q4 25
4.7%
Q3 25
4.4%
Q2 25
3.1%
Q1 25
2.6%
Q4 24
3.2%
Q3 24
3.5%
Q2 24
3.7%
Cash Conversion
CTO
CTO
OSPN
OSPN
Q1 26
2.44×
Q4 25
2.28×
0.29×
Q3 25
8.75×
1.74×
Q2 25
0.75×
Q1 25
4.56×
2.02×
Q4 24
0.43×
Q3 24
3.40×
1.69×
Q2 24
10.89×
0.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTO
CTO

Segment breakdown not available.

OSPN
OSPN

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

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