vs
Side-by-side financial comparison of Freshworks Inc. (FRSH) 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 $222.7M, roughly 1.1× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 5.0%, a 81.0% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs 11.5%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $14.9M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 7.1%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
FRSH vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $242.1M |
| Net Profit | $191.4M | $12.1M |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | 6.8% |
| Net Margin | 86.0% | 5.0% |
| Revenue YoY | 14.5% | 11.5% |
| Net Profit YoY | 974.2% | -16.2% |
| EPS (diluted) | $0.66 | $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 | $222.7M | $242.1M | ||
| Q3 25 | $215.1M | $258.5M | ||
| Q2 25 | $204.7M | $240.7M | ||
| Q1 25 | $196.3M | $219.6M | ||
| Q4 24 | $194.6M | $217.2M | ||
| Q3 24 | $186.6M | $241.7M | ||
| Q2 24 | $174.1M | $224.9M | ||
| Q1 24 | $165.1M | $211.2M |
| Q4 25 | $191.4M | $12.1M | ||
| Q3 25 | $-4.7M | $24.3M | ||
| Q2 25 | $-1.7M | $19.9M | ||
| Q1 25 | $-1.3M | $15.3M | ||
| Q4 24 | $-21.9M | $14.4M | ||
| Q3 24 | $-30.0M | $21.6M | ||
| Q2 24 | $-20.2M | $15.8M | ||
| Q1 24 | $-23.3M | $21.2M |
| Q4 25 | 85.6% | — | ||
| Q3 25 | 84.7% | — | ||
| Q2 25 | 84.8% | — | ||
| Q1 25 | 84.8% | — | ||
| Q4 24 | 84.9% | — | ||
| Q3 24 | 84.0% | — | ||
| Q2 24 | 83.8% | — | ||
| Q1 24 | 84.3% | — |
| Q4 25 | 17.8% | 6.8% | ||
| Q3 25 | -3.5% | 10.2% | ||
| Q2 25 | -4.2% | 9.2% | ||
| Q1 25 | -5.3% | 7.7% | ||
| Q4 24 | -12.2% | 7.9% | ||
| Q3 24 | -20.8% | 10.3% | ||
| Q2 24 | -25.1% | 8.4% | ||
| Q1 24 | -19.5% | 8.0% |
| Q4 25 | 86.0% | 5.0% | ||
| Q3 25 | -2.2% | 9.4% | ||
| Q2 25 | -0.8% | 8.3% | ||
| Q1 25 | -0.7% | 7.0% | ||
| Q4 24 | -11.3% | 6.6% | ||
| Q3 24 | -16.1% | 8.9% | ||
| Q2 24 | -11.6% | 7.0% | ||
| Q1 24 | -14.1% | 10.0% |
| Q4 25 | $0.66 | $0.12 | ||
| Q3 25 | $-0.02 | $0.23 | ||
| Q2 25 | $-0.01 | $0.19 | ||
| Q1 25 | $0.00 | $0.15 | ||
| Q4 24 | $-0.07 | $0.13 | ||
| Q3 24 | $-0.10 | $0.20 | ||
| Q2 24 | $-0.07 | $0.15 | ||
| Q1 24 | $-0.08 | $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 | $781.4M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.0B | $542.6M |
| Total Assets | $1.6B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $16.3M | ||
| Q3 25 | $813.2M | $29.6M | ||
| Q2 25 | $926.2M | $35.0M | ||
| Q1 25 | $995.3M | $22.6M | ||
| Q4 24 | $1.1B | $57.4M | ||
| Q3 24 | $1.1B | $48.8M | ||
| Q2 24 | $1.0B | $62.5M | ||
| Q1 24 | $1.2B | $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 | $1.0B | $542.6M | ||
| Q3 25 | $851.5M | $552.8M | ||
| Q2 25 | $984.6M | $548.3M | ||
| Q1 25 | $1.1B | $530.6M | ||
| Q4 24 | $1.1B | $554.5M | ||
| Q3 24 | $1.1B | $540.1M | ||
| Q2 24 | $1.1B | $532.7M | ||
| Q1 24 | $1.1B | $515.5M |
| Q4 25 | $1.6B | $707.1M | ||
| Q3 25 | $1.4B | $732.6M | ||
| Q2 25 | $1.5B | $731.8M | ||
| Q1 25 | $1.5B | $708.7M | ||
| Q4 24 | $1.6B | $746.4M | ||
| Q3 24 | $1.6B | $734.0M | ||
| Q2 24 | $1.5B | $756.8M | ||
| Q1 24 | $1.5B | $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 | $62.3M | $20.0M |
| Free Cash FlowOCF − Capex | $60.1M | $14.9M |
| FCF MarginFCF / Revenue | 27.0% | 6.2% |
| Capex IntensityCapex / Revenue | 1.0% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.33× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $20.0M | ||
| Q3 25 | $63.5M | $33.2M | ||
| Q2 25 | $58.6M | $20.3M | ||
| Q1 25 | $58.0M | $10.1M | ||
| Q4 24 | $41.4M | $16.6M | ||
| Q3 24 | $42.3M | $28.6M | ||
| Q2 24 | $36.3M | $18.7M | ||
| Q1 24 | $40.6M | $15.0M |
| Q4 25 | $60.1M | $14.9M | ||
| Q3 25 | $61.7M | $27.6M | ||
| Q2 25 | $58.2M | $17.6M | ||
| Q1 25 | $56.7M | $8.4M | ||
| Q4 24 | $36.3M | $13.2M | ||
| Q3 24 | $41.3M | $27.5M | ||
| Q2 24 | $34.0M | $17.6M | ||
| Q1 24 | $39.9M | $13.7M |
| Q4 25 | 27.0% | 6.2% | ||
| Q3 25 | 28.7% | 10.7% | ||
| Q2 25 | 28.4% | 7.3% | ||
| Q1 25 | 28.9% | 3.8% | ||
| Q4 24 | 18.7% | 6.1% | ||
| Q3 24 | 22.1% | 11.4% | ||
| Q2 24 | 19.5% | 7.8% | ||
| Q1 24 | 24.1% | 6.5% |
| Q4 25 | 1.0% | 2.1% | ||
| Q3 25 | 0.8% | 2.2% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.7% | 0.8% | ||
| Q4 24 | 2.6% | 1.5% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 0.4% | 0.6% |
| Q4 25 | 0.33× | 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
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
