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Side-by-side financial comparison of Fastly, Inc. (FSLY) 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 $172.6M, roughly 1.4× Fastly, Inc.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -9.0%, a 14.0% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 11.5%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $12.2M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs 7.1%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
FSLY vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $242.1M |
| Net Profit | $-15.5M | $12.1M |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | 6.8% |
| Net Margin | -9.0% | 5.0% |
| Revenue YoY | 22.8% | 11.5% |
| Net Profit YoY | 52.9% | -16.2% |
| EPS (diluted) | $-0.10 | $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 | $172.6M | $242.1M | ||
| Q3 25 | $158.2M | $258.5M | ||
| Q2 25 | $148.7M | $240.7M | ||
| Q1 25 | $144.5M | $219.6M | ||
| Q4 24 | $140.6M | $217.2M | ||
| Q3 24 | $137.2M | $241.7M | ||
| Q2 24 | $132.4M | $224.9M | ||
| Q1 24 | $133.5M | $211.2M |
| Q4 25 | $-15.5M | $12.1M | ||
| Q3 25 | $-29.5M | $24.3M | ||
| Q2 25 | $-37.5M | $19.9M | ||
| Q1 25 | $-39.1M | $15.3M | ||
| Q4 24 | $-32.9M | $14.4M | ||
| Q3 24 | $-38.0M | $21.6M | ||
| Q2 24 | $-43.7M | $15.8M | ||
| Q1 24 | $-43.4M | $21.2M |
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 54.5% | — | ||
| Q1 25 | 53.2% | — | ||
| Q4 24 | 53.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 55.1% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | -8.7% | 6.8% | ||
| Q3 25 | -18.2% | 10.2% | ||
| Q2 25 | -24.8% | 9.2% | ||
| Q1 25 | -26.4% | 7.7% | ||
| Q4 24 | -24.4% | 7.9% | ||
| Q3 24 | -29.6% | 10.3% | ||
| Q2 24 | -35.3% | 8.4% | ||
| Q1 24 | -34.6% | 8.0% |
| Q4 25 | -9.0% | 5.0% | ||
| Q3 25 | -18.6% | 9.4% | ||
| Q2 25 | -25.2% | 8.3% | ||
| Q1 25 | -27.1% | 7.0% | ||
| Q4 24 | -23.4% | 6.6% | ||
| Q3 24 | -27.7% | 8.9% | ||
| Q2 24 | -33.0% | 7.0% | ||
| Q1 24 | -32.5% | 10.0% |
| Q4 25 | $-0.10 | $0.12 | ||
| Q3 25 | $-0.20 | $0.23 | ||
| Q2 25 | $-0.26 | $0.19 | ||
| Q1 25 | $-0.27 | $0.15 | ||
| Q4 24 | $-0.23 | $0.13 | ||
| Q3 24 | $-0.27 | $0.20 | ||
| Q2 24 | $-0.32 | $0.15 | ||
| Q1 24 | $-0.32 | $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 | $361.8M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $929.6M | $542.6M |
| Total Assets | $1.5B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $16.3M | ||
| Q3 25 | $342.9M | $29.6M | ||
| Q2 25 | $321.2M | $35.0M | ||
| Q1 25 | $307.3M | $22.6M | ||
| Q4 24 | $295.9M | $57.4M | ||
| Q3 24 | $308.2M | $48.8M | ||
| Q2 24 | $311.8M | $62.5M | ||
| Q1 24 | $329.5M | $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 | $929.6M | $542.6M | ||
| Q3 25 | $937.0M | $552.8M | ||
| Q2 25 | $942.6M | $548.3M | ||
| Q1 25 | $957.0M | $530.6M | ||
| Q4 24 | $965.3M | $554.5M | ||
| Q3 24 | $969.5M | $540.1M | ||
| Q2 24 | $981.2M | $532.7M | ||
| Q1 24 | $991.8M | $515.5M |
| Q4 25 | $1.5B | $707.1M | ||
| Q3 25 | $1.5B | $732.6M | ||
| Q2 25 | $1.5B | $731.8M | ||
| Q1 25 | $1.4B | $708.7M | ||
| Q4 24 | $1.5B | $746.4M | ||
| Q3 24 | $1.5B | $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 | $22.4M | $20.0M |
| Free Cash FlowOCF − Capex | $12.2M | $14.9M |
| FCF MarginFCF / Revenue | 7.1% | 6.2% |
| Capex IntensityCapex / Revenue | 5.9% | 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 | $22.4M | $20.0M | ||
| Q3 25 | $28.9M | $33.2M | ||
| Q2 25 | $25.8M | $20.3M | ||
| Q1 25 | $17.3M | $10.1M | ||
| Q4 24 | $5.2M | $16.6M | ||
| Q3 24 | $5.0M | $28.6M | ||
| Q2 24 | $-4.9M | $18.7M | ||
| Q1 24 | $11.1M | $15.0M |
| Q4 25 | $12.2M | $14.9M | ||
| Q3 25 | $22.9M | $27.6M | ||
| Q2 25 | $15.9M | $17.6M | ||
| Q1 25 | $14.7M | $8.4M | ||
| Q4 24 | $251.0K | $13.2M | ||
| Q3 24 | $3.0M | $27.5M | ||
| Q2 24 | $-6.7M | $17.6M | ||
| Q1 24 | $9.5M | $13.7M |
| Q4 25 | 7.1% | 6.2% | ||
| Q3 25 | 14.5% | 10.7% | ||
| Q2 25 | 10.7% | 7.3% | ||
| Q1 25 | 10.2% | 3.8% | ||
| Q4 24 | 0.2% | 6.1% | ||
| Q3 24 | 2.2% | 11.4% | ||
| Q2 24 | -5.1% | 7.8% | ||
| Q1 24 | 7.1% | 6.5% |
| Q4 25 | 5.9% | 2.1% | ||
| Q3 25 | 3.8% | 2.2% | ||
| Q2 25 | 6.6% | 1.1% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 3.5% | 1.5% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 1.2% | 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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
