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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) 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 $208.9M, roughly 1.2× iRhythm Holdings, Inc.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 2.7%, a 2.3% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 11.5%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 7.1%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
IRTC vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $242.1M |
| Net Profit | $5.6M | $12.1M |
| Gross Margin | 70.9% | — |
| Operating Margin | 1.1% | 6.8% |
| Net Margin | 2.7% | 5.0% |
| Revenue YoY | 27.1% | 11.5% |
| Net Profit YoY | 518.5% | -16.2% |
| EPS (diluted) | $0.18 | $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 | $208.9M | $242.1M | ||
| Q3 25 | $192.9M | $258.5M | ||
| Q2 25 | $186.7M | $240.7M | ||
| Q1 25 | $158.7M | $219.6M | ||
| Q4 24 | $164.3M | $217.2M | ||
| Q3 24 | $147.5M | $241.7M | ||
| Q2 24 | $148.0M | $224.9M | ||
| Q1 24 | $131.9M | $211.2M |
| Q4 25 | $5.6M | $12.1M | ||
| Q3 25 | $-5.2M | $24.3M | ||
| Q2 25 | $-14.2M | $19.9M | ||
| Q1 25 | $-30.7M | $15.3M | ||
| Q4 24 | $-1.3M | $14.4M | ||
| Q3 24 | $-46.2M | $21.6M | ||
| Q2 24 | $-20.1M | $15.8M | ||
| Q1 24 | $-45.7M | $21.2M |
| Q4 25 | 70.9% | — | ||
| Q3 25 | 71.1% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 68.8% | — | ||
| Q2 24 | 69.9% | — | ||
| Q1 24 | 66.3% | — |
| Q4 25 | 1.1% | 6.8% | ||
| Q3 25 | -4.4% | 10.2% | ||
| Q2 25 | -10.0% | 9.2% | ||
| Q1 25 | -20.5% | 7.7% | ||
| Q4 24 | -2.5% | 7.9% | ||
| Q3 24 | -34.1% | 10.3% | ||
| Q2 24 | -15.5% | 8.4% | ||
| Q1 24 | -28.9% | 8.0% |
| Q4 25 | 2.7% | 5.0% | ||
| Q3 25 | -2.7% | 9.4% | ||
| Q2 25 | -7.6% | 8.3% | ||
| Q1 25 | -19.3% | 7.0% | ||
| Q4 24 | -0.8% | 6.6% | ||
| Q3 24 | -31.3% | 8.9% | ||
| Q2 24 | -13.6% | 7.0% | ||
| Q1 24 | -34.6% | 10.0% |
| Q4 25 | $0.18 | $0.12 | ||
| Q3 25 | $-0.16 | $0.23 | ||
| Q2 25 | $-0.44 | $0.19 | ||
| Q1 25 | $-0.97 | $0.15 | ||
| Q4 24 | $-0.03 | $0.13 | ||
| Q3 24 | $-1.48 | $0.20 | ||
| Q2 24 | $-0.65 | $0.15 | ||
| Q1 24 | $-1.47 | $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 | $583.8M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $152.7M | $542.6M |
| Total Assets | $1.0B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $16.3M | ||
| Q3 25 | $565.2M | $29.6M | ||
| Q2 25 | $545.5M | $35.0M | ||
| Q1 25 | $520.6M | $22.6M | ||
| Q4 24 | $535.6M | $57.4M | ||
| Q3 24 | $522.0M | $48.8M | ||
| Q2 24 | $561.5M | $62.5M | ||
| Q1 24 | $569.1M | $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 | $152.7M | $542.6M | ||
| Q3 25 | $121.9M | $552.8M | ||
| Q2 25 | $103.7M | $548.3M | ||
| Q1 25 | $86.7M | $530.6M | ||
| Q4 24 | $90.9M | $554.5M | ||
| Q3 24 | $71.8M | $540.1M | ||
| Q2 24 | $99.2M | $532.7M | ||
| Q1 24 | $90.3M | $515.5M |
| Q4 25 | $1.0B | $707.1M | ||
| Q3 25 | $995.2M | $732.6M | ||
| Q2 25 | $964.0M | $731.8M | ||
| Q1 25 | $926.1M | $708.7M | ||
| Q4 24 | $931.4M | $746.4M | ||
| Q3 24 | $909.7M | $734.0M | ||
| Q2 24 | $919.2M | $756.8M | ||
| Q1 24 | $909.8M | $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 | $26.2M | $20.0M |
| Free Cash FlowOCF − Capex | $14.5M | $14.9M |
| FCF MarginFCF / Revenue | 6.9% | 6.2% |
| Capex IntensityCapex / Revenue | 5.6% | 2.1% |
| Cash ConversionOCF / Net Profit | 4.70× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $20.0M | ||
| Q3 25 | $34.9M | $33.2M | ||
| Q2 25 | $27.7M | $20.3M | ||
| Q1 25 | $-7.9M | $10.1M | ||
| Q4 24 | $19.2M | $16.6M | ||
| Q3 24 | $24.3M | $28.6M | ||
| Q2 24 | $11.8M | $18.7M | ||
| Q1 24 | $-52.0M | $15.0M |
| Q4 25 | $14.5M | $14.9M | ||
| Q3 25 | $20.1M | $27.6M | ||
| Q2 25 | $17.3M | $17.6M | ||
| Q1 25 | $-17.3M | $8.4M | ||
| Q4 24 | $12.4M | $13.2M | ||
| Q3 24 | $15.5M | $27.5M | ||
| Q2 24 | $3.4M | $17.6M | ||
| Q1 24 | $-61.8M | $13.7M |
| Q4 25 | 6.9% | 6.2% | ||
| Q3 25 | 10.4% | 10.7% | ||
| Q2 25 | 9.3% | 7.3% | ||
| Q1 25 | -10.9% | 3.8% | ||
| Q4 24 | 7.5% | 6.1% | ||
| Q3 24 | 10.5% | 11.4% | ||
| Q2 24 | 2.3% | 7.8% | ||
| Q1 24 | -46.8% | 6.5% |
| Q4 25 | 5.6% | 2.1% | ||
| Q3 25 | 7.7% | 2.2% | ||
| Q2 25 | 5.6% | 1.1% | ||
| Q1 25 | 5.9% | 0.8% | ||
| Q4 24 | 4.2% | 1.5% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 5.7% | 0.5% | ||
| Q1 24 | 7.4% | 0.6% |
| Q4 25 | 4.70× | 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
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
