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Side-by-side financial comparison of Enhabit, Inc. (EHAB) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Enhabit, Inc. is the larger business by last-quarter revenue ($270.4M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -14.3%, a 19.3% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 4.7%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $3.3M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 1.5%).
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
EHAB vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $242.1M |
| Net Profit | $-38.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | -12.3% | 6.8% |
| Net Margin | -14.3% | 5.0% |
| Revenue YoY | 4.7% | 11.5% |
| Net Profit YoY | 15.9% | -16.2% |
| EPS (diluted) | $-0.76 | $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 | $270.4M | $242.1M | ||
| Q3 25 | $263.6M | $258.5M | ||
| Q2 25 | $266.1M | $240.7M | ||
| Q1 25 | $259.9M | $219.6M | ||
| Q4 24 | $258.2M | $217.2M | ||
| Q3 24 | $253.6M | $241.7M | ||
| Q2 24 | $260.6M | $224.9M | ||
| Q1 24 | $262.4M | $211.2M |
| Q4 25 | $-38.7M | $12.1M | ||
| Q3 25 | $11.1M | $24.3M | ||
| Q2 25 | $5.2M | $19.9M | ||
| Q1 25 | $17.8M | $15.3M | ||
| Q4 24 | $-46.0M | $14.4M | ||
| Q3 24 | $-110.2M | $21.6M | ||
| Q2 24 | $-200.0K | $15.8M | ||
| Q1 24 | $200.0K | $21.2M |
| Q4 25 | -12.3% | 6.8% | ||
| Q3 25 | 6.4% | 10.2% | ||
| Q2 25 | 6.3% | 9.2% | ||
| Q1 25 | 6.1% | 7.7% | ||
| Q4 24 | -16.0% | 7.9% | ||
| Q3 24 | -38.6% | 10.3% | ||
| Q2 24 | 4.3% | 8.4% | ||
| Q1 24 | 4.9% | 8.0% |
| Q4 25 | -14.3% | 5.0% | ||
| Q3 25 | 4.2% | 9.4% | ||
| Q2 25 | 2.0% | 8.3% | ||
| Q1 25 | 6.8% | 7.0% | ||
| Q4 24 | -17.8% | 6.6% | ||
| Q3 24 | -43.5% | 8.9% | ||
| Q2 24 | -0.1% | 7.0% | ||
| Q1 24 | 0.1% | 10.0% |
| Q4 25 | $-0.76 | $0.12 | ||
| Q3 25 | $0.22 | $0.23 | ||
| Q2 25 | $0.10 | $0.19 | ||
| Q1 25 | $0.35 | $0.15 | ||
| Q4 24 | $-0.92 | $0.13 | ||
| Q3 24 | $-2.20 | $0.20 | ||
| Q2 24 | $0.00 | $0.15 | ||
| Q1 24 | $0.01 | $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 | $43.6M | $16.3M |
| Total DebtLower is stronger | $426.0M | $84.0M |
| Stockholders' EquityBook value | $534.0M | $542.6M |
| Total Assets | $1.2B | $707.1M |
| Debt / EquityLower = less leverage | 0.80× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.6M | $16.3M | ||
| Q3 25 | $56.9M | $29.6M | ||
| Q2 25 | $37.1M | $35.0M | ||
| Q1 25 | $39.5M | $22.6M | ||
| Q4 24 | $28.4M | $57.4M | ||
| Q3 24 | $45.7M | $48.8M | ||
| Q2 24 | $28.5M | $62.5M | ||
| Q1 24 | $36.5M | $65.4M |
| Q4 25 | $426.0M | $84.0M | ||
| Q3 25 | $441.5M | $85.2M | ||
| Q2 25 | $456.9M | $96.2M | ||
| Q1 25 | $467.3M | $97.4M | ||
| Q4 24 | $492.6M | $98.6M | ||
| Q3 24 | $502.9M | $98.7M | ||
| Q2 24 | $512.7M | $123.8M | ||
| Q1 24 | $526.7M | $138.6M |
| Q4 25 | $534.0M | $542.6M | ||
| Q3 25 | $566.8M | $552.8M | ||
| Q2 25 | $552.4M | $548.3M | ||
| Q1 25 | $543.2M | $530.6M | ||
| Q4 24 | $523.5M | $554.5M | ||
| Q3 24 | $566.1M | $540.1M | ||
| Q2 24 | $674.3M | $532.7M | ||
| Q1 24 | $672.3M | $515.5M |
| Q4 25 | $1.2B | $707.1M | ||
| Q3 25 | $1.2B | $732.6M | ||
| Q2 25 | $1.2B | $731.8M | ||
| Q1 25 | $1.2B | $708.7M | ||
| Q4 24 | $1.2B | $746.4M | ||
| Q3 24 | $1.3B | $734.0M | ||
| Q2 24 | $1.4B | $756.8M | ||
| Q1 24 | $1.4B | $763.6M |
| Q4 25 | 0.80× | 0.15× | ||
| Q3 25 | 0.78× | 0.15× | ||
| Q2 25 | 0.83× | 0.18× | ||
| Q1 25 | 0.86× | 0.18× | ||
| Q4 24 | 0.94× | 0.18× | ||
| Q3 24 | 0.89× | 0.18× | ||
| Q2 24 | 0.76× | 0.23× | ||
| Q1 24 | 0.78× | 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 | $4.4M | $20.0M |
| Free Cash FlowOCF − Capex | $3.3M | $14.9M |
| FCF MarginFCF / Revenue | 1.2% | 6.2% |
| Capex IntensityCapex / Revenue | 0.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $20.0M | ||
| Q3 25 | $37.8M | $33.2M | ||
| Q2 25 | $10.6M | $20.3M | ||
| Q1 25 | $17.9M | $10.1M | ||
| Q4 24 | $-4.1M | $16.6M | ||
| Q3 24 | $28.4M | $28.6M | ||
| Q2 24 | $9.6M | $18.7M | ||
| Q1 24 | $17.3M | $15.0M |
| Q4 25 | $3.3M | $14.9M | ||
| Q3 25 | $36.2M | $27.6M | ||
| Q2 25 | $8.7M | $17.6M | ||
| Q1 25 | $17.6M | $8.4M | ||
| Q4 24 | $-4.7M | $13.2M | ||
| Q3 24 | $27.7M | $27.5M | ||
| Q2 24 | $8.9M | $17.6M | ||
| Q1 24 | $15.5M | $13.7M |
| Q4 25 | 1.2% | 6.2% | ||
| Q3 25 | 13.7% | 10.7% | ||
| Q2 25 | 3.3% | 7.3% | ||
| Q1 25 | 6.8% | 3.8% | ||
| Q4 24 | -1.8% | 6.1% | ||
| Q3 24 | 10.9% | 11.4% | ||
| Q2 24 | 3.4% | 7.8% | ||
| Q1 24 | 5.9% | 6.5% |
| Q4 25 | 0.4% | 2.1% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | 0.2% | 1.5% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 0.3% | 0.5% | ||
| Q1 24 | 0.7% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | 3.41× | 1.36× | ||
| Q2 25 | 2.04× | 1.02× | ||
| Q1 25 | 1.01× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | 86.50× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
