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Side-by-side financial comparison of N-able, Inc. (NABL) 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 $130.3M, roughly 1.9× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs 11.5%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 7.0%).

NABL vs OSW — Head-to-Head

Bigger by revenue
OSW
OSW
1.9× larger
OSW
$242.1M
$130.3M
NABL
Growing faster (revenue YoY)
NABL
NABL
+0.3% gap
NABL
11.8%
11.5%
OSW
More free cash flow
NABL
NABL
$5.9M more FCF
NABL
$20.9M
$14.9M
OSW
Faster 2-yr revenue CAGR
OSW
OSW
Annualised
OSW
7.1%
7.0%
NABL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NABL
NABL
OSW
OSW
Revenue
$130.3M
$242.1M
Net Profit
$12.1M
Gross Margin
76.2%
Operating Margin
10.2%
6.8%
Net Margin
5.0%
Revenue YoY
11.8%
11.5%
Net Profit YoY
-16.2%
EPS (diluted)
$-0.04
$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.

Revenue
NABL
NABL
OSW
OSW
Q4 25
$130.3M
$242.1M
Q3 25
$131.7M
$258.5M
Q2 25
$131.2M
$240.7M
Q1 25
$118.2M
$219.6M
Q4 24
$116.5M
$217.2M
Q3 24
$116.4M
$241.7M
Q2 24
$119.4M
$224.9M
Q1 24
$113.7M
$211.2M
Net Profit
NABL
NABL
OSW
OSW
Q4 25
$12.1M
Q3 25
$1.4M
$24.3M
Q2 25
$-4.0M
$19.9M
Q1 25
$-7.2M
$15.3M
Q4 24
$14.4M
Q3 24
$10.8M
$21.6M
Q2 24
$9.5M
$15.8M
Q1 24
$7.5M
$21.2M
Gross Margin
NABL
NABL
OSW
OSW
Q4 25
76.2%
Q3 25
77.5%
Q2 25
78.1%
Q1 25
76.6%
Q4 24
80.0%
Q3 24
82.9%
Q2 24
84.0%
Q1 24
83.9%
Operating Margin
NABL
NABL
OSW
OSW
Q4 25
10.2%
6.8%
Q3 25
8.8%
10.2%
Q2 25
7.7%
9.2%
Q1 25
1.5%
7.7%
Q4 24
13.7%
7.9%
Q3 24
20.5%
10.3%
Q2 24
18.4%
8.4%
Q1 24
18.0%
8.0%
Net Margin
NABL
NABL
OSW
OSW
Q4 25
5.0%
Q3 25
1.1%
9.4%
Q2 25
-3.1%
8.3%
Q1 25
-6.1%
7.0%
Q4 24
6.6%
Q3 24
9.2%
8.9%
Q2 24
7.9%
7.0%
Q1 24
6.6%
10.0%
EPS (diluted)
NABL
NABL
OSW
OSW
Q4 25
$-0.04
$0.12
Q3 25
$0.01
$0.23
Q2 25
$-0.02
$0.19
Q1 25
$-0.04
$0.15
Q4 24
$0.01
$0.13
Q3 24
$0.06
$0.20
Q2 24
$0.05
$0.15
Q1 24
$0.04
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NABL
NABL
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$111.8M
$16.3M
Total DebtLower is stronger
$393.9M
$84.0M
Stockholders' EquityBook value
$804.7M
$542.6M
Total Assets
$1.4B
$707.1M
Debt / EquityLower = less leverage
0.49×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
OSW
OSW
Q4 25
$111.8M
$16.3M
Q3 25
$101.4M
$29.6M
Q2 25
$93.9M
$35.0M
Q1 25
$94.1M
$22.6M
Q4 24
$85.2M
$57.4M
Q3 24
$174.4M
$48.8M
Q2 24
$157.5M
$62.5M
Q1 24
$139.2M
$65.4M
Total Debt
NABL
NABL
OSW
OSW
Q4 25
$393.9M
$84.0M
Q3 25
$331.7M
$85.2M
Q2 25
$332.1M
$96.2M
Q1 25
$332.6M
$97.4M
Q4 24
$333.1M
$98.6M
Q3 24
$333.6M
$98.7M
Q2 24
$334.1M
$123.8M
Q1 24
$334.5M
$138.6M
Stockholders' Equity
NABL
NABL
OSW
OSW
Q4 25
$804.7M
$542.6M
Q3 25
$813.4M
$552.8M
Q2 25
$809.4M
$548.3M
Q1 25
$775.1M
$530.6M
Q4 24
$759.3M
$554.5M
Q3 24
$765.0M
$540.1M
Q2 24
$724.4M
$532.7M
Q1 24
$709.1M
$515.5M
Total Assets
NABL
NABL
OSW
OSW
Q4 25
$1.4B
$707.1M
Q3 25
$1.4B
$732.6M
Q2 25
$1.4B
$731.8M
Q1 25
$1.4B
$708.7M
Q4 24
$1.3B
$746.4M
Q3 24
$1.2B
$734.0M
Q2 24
$1.2B
$756.8M
Q1 24
$1.1B
$763.6M
Debt / Equity
NABL
NABL
OSW
OSW
Q4 25
0.49×
0.15×
Q3 25
0.41×
0.15×
Q2 25
0.41×
0.18×
Q1 25
0.43×
0.18×
Q4 24
0.44×
0.18×
Q3 24
0.44×
0.18×
Q2 24
0.46×
0.23×
Q1 24
0.47×
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
NABL
NABL
OSW
OSW
Operating Cash FlowLast quarter
$25.3M
$20.0M
Free Cash FlowOCF − Capex
$20.9M
$14.9M
FCF MarginFCF / Revenue
16.0%
6.2%
Capex IntensityCapex / Revenue
3.4%
2.1%
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
OSW
OSW
Q4 25
$25.3M
$20.0M
Q3 25
$24.0M
$33.2M
Q2 25
$24.2M
$20.3M
Q1 25
$19.7M
$10.1M
Q4 24
$26.0M
$16.6M
Q3 24
$22.0M
$28.6M
Q2 24
$27.3M
$18.7M
Q1 24
$4.2M
$15.0M
Free Cash Flow
NABL
NABL
OSW
OSW
Q4 25
$20.9M
$14.9M
Q3 25
$17.4M
$27.6M
Q2 25
$20.4M
$17.6M
Q1 25
$16.4M
$8.4M
Q4 24
$18.8M
$13.2M
Q3 24
$18.2M
$27.5M
Q2 24
$24.0M
$17.6M
Q1 24
$746.0K
$13.7M
FCF Margin
NABL
NABL
OSW
OSW
Q4 25
16.0%
6.2%
Q3 25
13.2%
10.7%
Q2 25
15.5%
7.3%
Q1 25
13.9%
3.8%
Q4 24
16.2%
6.1%
Q3 24
15.7%
11.4%
Q2 24
20.1%
7.8%
Q1 24
0.7%
6.5%
Capex Intensity
NABL
NABL
OSW
OSW
Q4 25
3.4%
2.1%
Q3 25
5.0%
2.2%
Q2 25
2.9%
1.1%
Q1 25
2.8%
0.8%
Q4 24
6.1%
1.5%
Q3 24
3.2%
0.5%
Q2 24
2.7%
0.5%
Q1 24
3.0%
0.6%
Cash Conversion
NABL
NABL
OSW
OSW
Q4 25
1.65×
Q3 25
17.36×
1.36×
Q2 25
1.02×
Q1 25
0.66×
Q4 24
1.15×
Q3 24
2.04×
1.33×
Q2 24
2.89×
1.19×
Q1 24
0.56×
0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

OSW
OSW

Services$197.3M82%
Products$44.8M18%

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