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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $239.8M, roughly 1.0× DONEGAL GROUP INC). DONEGAL GROUP INC runs the higher net margin — 7.2% vs 5.0%, a 2.2% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -4.1%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs -0.3%).
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
DGICA vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $239.8M | $242.1M |
| Net Profit | $17.2M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 8.7% | 6.8% |
| Net Margin | 7.2% | 5.0% |
| Revenue YoY | -4.1% | 11.5% |
| Net Profit YoY | -28.4% | -16.2% |
| EPS (diluted) | — | $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 | $239.8M | $242.1M | ||
| Q3 25 | $245.9M | $258.5M | ||
| Q2 25 | $247.1M | $240.7M | ||
| Q1 25 | $245.2M | $219.6M | ||
| Q4 24 | $250.0M | $217.2M | ||
| Q3 24 | $251.7M | $241.7M | ||
| Q2 24 | $246.8M | $224.9M | ||
| Q1 24 | $241.1M | $211.2M |
| Q4 25 | $17.2M | $12.1M | ||
| Q3 25 | $20.1M | $24.3M | ||
| Q2 25 | $16.9M | $19.9M | ||
| Q1 25 | $25.2M | $15.3M | ||
| Q4 24 | $24.0M | $14.4M | ||
| Q3 24 | $16.8M | $21.6M | ||
| Q2 24 | $4.2M | $15.8M | ||
| Q1 24 | $6.0M | $21.2M |
| Q4 25 | 8.7% | 6.8% | ||
| Q3 25 | 10.2% | 10.2% | ||
| Q2 25 | 8.3% | 9.2% | ||
| Q1 25 | 12.7% | 7.7% | ||
| Q4 24 | 11.9% | 7.9% | ||
| Q3 24 | 8.1% | 10.3% | ||
| Q2 24 | 2.0% | 8.4% | ||
| Q1 24 | 3.0% | 8.0% |
| Q4 25 | 7.2% | 5.0% | ||
| Q3 25 | 8.2% | 9.4% | ||
| Q2 25 | 6.8% | 8.3% | ||
| Q1 25 | 10.3% | 7.0% | ||
| Q4 24 | 9.6% | 6.6% | ||
| Q3 24 | 6.7% | 8.9% | ||
| Q2 24 | 1.7% | 7.0% | ||
| Q1 24 | 2.5% | 10.0% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $640.4M | $542.6M |
| Total Assets | $2.4B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | — | $62.5M | ||
| Q1 24 | — | $65.4M |
| 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 |
| Q4 25 | $640.4M | $542.6M | ||
| Q3 25 | $627.4M | $552.8M | ||
| Q2 25 | $605.7M | $548.3M | ||
| Q1 25 | $584.7M | $530.6M | ||
| Q4 24 | $545.8M | $554.5M | ||
| Q3 24 | $513.4M | $540.1M | ||
| Q2 24 | $484.1M | $532.7M | ||
| Q1 24 | $485.1M | $515.5M |
| Q4 25 | $2.4B | $707.1M | ||
| Q3 25 | $2.4B | $732.6M | ||
| Q2 25 | $2.4B | $731.8M | ||
| Q1 25 | $2.4B | $708.7M | ||
| Q4 24 | $2.3B | $746.4M | ||
| Q3 24 | $2.3B | $734.0M | ||
| Q2 24 | $2.3B | $756.8M | ||
| Q1 24 | $2.3B | $763.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $70.2M | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 4.08× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.2M | $20.0M | ||
| Q3 25 | $22.4M | $33.2M | ||
| Q2 25 | $12.1M | $20.3M | ||
| Q1 25 | $25.7M | $10.1M | ||
| Q4 24 | $67.4M | $16.6M | ||
| Q3 24 | $12.7M | $28.6M | ||
| Q2 24 | $21.7M | $18.7M | ||
| Q1 24 | $4.8M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $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 |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 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% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 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% |
| Q4 25 | 4.08× | 1.65× | ||
| Q3 25 | 1.11× | 1.36× | ||
| Q2 25 | 0.72× | 1.02× | ||
| Q1 25 | 1.02× | 0.66× | ||
| Q4 24 | 2.81× | 1.15× | ||
| Q3 24 | 0.76× | 1.33× | ||
| Q2 24 | 5.22× | 1.19× | ||
| Q1 24 | 0.81× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DGICA
| Commercial Lines Segment | $140.8M | 59% |
| Personal Lines Segment | $86.0M | 36% |
| Investments Function Segment | $12.4M | 5% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
