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Side-by-side financial comparison of Hillman Solutions Corp. (HLMN) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $242.1M, roughly 1.5× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -1.3%, a 6.3% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 3.0%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-34.3M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs -1.2%).
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
HLMN vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $370.1M | $242.1M |
| Net Profit | $-4.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 1.9% | 6.8% |
| Net Margin | -1.3% | 5.0% |
| Revenue YoY | 3.0% | 11.5% |
| Net Profit YoY | — | -16.2% |
| EPS (diluted) | $-0.02 | $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.
| Q1 26 | $370.1M | — | ||
| Q4 25 | $365.1M | $242.1M | ||
| Q3 25 | $424.9M | $258.5M | ||
| Q2 25 | $402.8M | $240.7M | ||
| Q1 25 | $359.3M | $219.6M | ||
| Q4 24 | $349.6M | $217.2M | ||
| Q3 24 | $393.3M | $241.7M | ||
| Q2 24 | $379.4M | $224.9M |
| Q1 26 | $-4.7M | — | ||
| Q4 25 | $1.6M | $12.1M | ||
| Q3 25 | $23.2M | $24.3M | ||
| Q2 25 | $15.8M | $19.9M | ||
| Q1 25 | $-317.0K | $15.3M | ||
| Q4 24 | $-1.2M | $14.4M | ||
| Q3 24 | $7.4M | $21.6M | ||
| Q2 24 | $12.5M | $15.8M |
| Q1 26 | 1.9% | — | ||
| Q4 25 | 4.6% | 6.8% | ||
| Q3 25 | 10.8% | 10.2% | ||
| Q2 25 | 9.0% | 9.2% | ||
| Q1 25 | 4.2% | 7.7% | ||
| Q4 24 | 4.0% | 7.9% | ||
| Q3 24 | 6.8% | 10.3% | ||
| Q2 24 | 8.3% | 8.4% |
| Q1 26 | -1.3% | — | ||
| Q4 25 | 0.4% | 5.0% | ||
| Q3 25 | 5.5% | 9.4% | ||
| Q2 25 | 3.9% | 8.3% | ||
| Q1 25 | -0.1% | 7.0% | ||
| Q4 24 | -0.3% | 6.6% | ||
| Q3 24 | 1.9% | 8.9% | ||
| Q2 24 | 3.3% | 7.0% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.00 | $0.12 | ||
| Q3 25 | $0.12 | $0.23 | ||
| Q2 25 | $0.08 | $0.19 | ||
| Q1 25 | $0.00 | $0.15 | ||
| Q4 24 | $-0.00 | $0.13 | ||
| Q3 24 | $0.04 | $0.20 | ||
| Q2 24 | $0.06 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.7M | $16.3M |
| Total DebtLower is stronger | $714.1M | $84.0M |
| Stockholders' EquityBook value | $1.2B | $542.6M |
| Total Assets | $2.4B | $707.1M |
| Debt / EquityLower = less leverage | 0.59× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $27.7M | — | ||
| Q4 25 | $27.3M | $16.3M | ||
| Q3 25 | $37.7M | $29.6M | ||
| Q2 25 | $34.2M | $35.0M | ||
| Q1 25 | $36.3M | $22.6M | ||
| Q4 24 | $44.5M | $57.4M | ||
| Q3 24 | $59.8M | $48.8M | ||
| Q2 24 | $54.0M | $62.5M |
| Q1 26 | $714.1M | — | ||
| Q4 25 | $668.3M | $84.0M | ||
| Q3 25 | $683.2M | $85.2M | ||
| Q2 25 | $683.1M | $96.2M | ||
| Q1 25 | $713.5M | $97.4M | ||
| Q4 24 | $691.7M | $98.6M | ||
| Q3 24 | $730.7M | $98.7M | ||
| Q2 24 | $732.1M | $123.8M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $542.6M | ||
| Q3 25 | $1.2B | $552.8M | ||
| Q2 25 | $1.2B | $548.3M | ||
| Q1 25 | $1.2B | $530.6M | ||
| Q4 24 | $1.2B | $554.5M | ||
| Q3 24 | $1.2B | $540.1M | ||
| Q2 24 | $1.2B | $532.7M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $707.1M | ||
| Q3 25 | $2.4B | $732.6M | ||
| Q2 25 | $2.4B | $731.8M | ||
| Q1 25 | $2.3B | $708.7M | ||
| Q4 24 | $2.3B | $746.4M | ||
| Q3 24 | $2.4B | $734.0M | ||
| Q2 24 | $2.4B | $756.8M |
| Q1 26 | 0.59× | — | ||
| Q4 25 | 0.54× | 0.15× | ||
| Q3 25 | 0.56× | 0.15× | ||
| Q2 25 | 0.57× | 0.18× | ||
| Q1 25 | 0.60× | 0.18× | ||
| Q4 24 | 0.59× | 0.18× | ||
| Q3 24 | 0.62× | 0.18× | ||
| Q2 24 | 0.62× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | $-34.3M | $14.9M |
| FCF MarginFCF / Revenue | -9.3% | 6.2% |
| Capex IntensityCapex / Revenue | 4.0% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $22.1M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $30.9M | $20.0M | ||
| Q3 25 | $26.2M | $33.2M | ||
| Q2 25 | $48.7M | $20.3M | ||
| Q1 25 | $-655.0K | $10.1M | ||
| Q4 24 | $43.1M | $16.6M | ||
| Q3 24 | $63.7M | $28.6M | ||
| Q2 24 | $64.8M | $18.7M |
| Q1 26 | $-34.3M | — | ||
| Q4 25 | $16.1M | $14.9M | ||
| Q3 25 | $9.1M | $27.6M | ||
| Q2 25 | $31.2M | $17.6M | ||
| Q1 25 | $-21.3M | $8.4M | ||
| Q4 24 | $22.1M | $13.2M | ||
| Q3 24 | $39.6M | $27.5M | ||
| Q2 24 | $42.5M | $17.6M |
| Q1 26 | -9.3% | — | ||
| Q4 25 | 4.4% | 6.2% | ||
| Q3 25 | 2.1% | 10.7% | ||
| Q2 25 | 7.7% | 7.3% | ||
| Q1 25 | -5.9% | 3.8% | ||
| Q4 24 | 6.3% | 6.1% | ||
| Q3 24 | 10.1% | 11.4% | ||
| Q2 24 | 11.2% | 7.8% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.0% | 2.1% | ||
| Q3 25 | 4.0% | 2.2% | ||
| Q2 25 | 4.3% | 1.1% | ||
| Q1 25 | 5.7% | 0.8% | ||
| Q4 24 | 6.0% | 1.5% | ||
| Q3 24 | 6.1% | 0.5% | ||
| Q2 24 | 5.9% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 19.33× | 1.65× | ||
| Q3 25 | 1.13× | 1.36× | ||
| Q2 25 | 3.08× | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 8.57× | 1.33× | ||
| Q2 24 | 5.17× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLMN
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
