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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $242.1M, roughly 1.4× ONESPAWORLD HOLDINGS Ltd). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 5.0%, a 16.4% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

NMM vs OSW — Head-to-Head

Bigger by revenue
NMM
NMM
1.4× larger
NMM
$327.6M
$242.1M
OSW
Growing faster (revenue YoY)
OSW
OSW
+15.7% gap
OSW
11.5%
-4.3%
NMM
Higher net margin
NMM
NMM
16.4% more per $
NMM
21.4%
5.0%
OSW

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
OSW
OSW
Revenue
$327.6M
$242.1M
Net Profit
$69.9M
$12.1M
Gross Margin
90.5%
Operating Margin
6.8%
Net Margin
21.4%
5.0%
Revenue YoY
-4.3%
11.5%
Net Profit YoY
-31.1%
-16.2%
EPS (diluted)
$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
NMM
NMM
OSW
OSW
Q4 25
$242.1M
Q3 25
$258.5M
Q2 25
$327.6M
$240.7M
Q1 25
$219.6M
Q4 24
$217.2M
Q3 24
$241.7M
Q2 24
$342.2M
$224.9M
Q1 24
$211.2M
Net Profit
NMM
NMM
OSW
OSW
Q4 25
$12.1M
Q3 25
$24.3M
Q2 25
$69.9M
$19.9M
Q1 25
$15.3M
Q4 24
$14.4M
Q3 24
$21.6M
Q2 24
$101.5M
$15.8M
Q1 24
$21.2M
Gross Margin
NMM
NMM
OSW
OSW
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
OSW
OSW
Q4 25
6.8%
Q3 25
10.2%
Q2 25
9.2%
Q1 25
7.7%
Q4 24
7.9%
Q3 24
10.3%
Q2 24
8.4%
Q1 24
8.0%
Net Margin
NMM
NMM
OSW
OSW
Q4 25
5.0%
Q3 25
9.4%
Q2 25
21.4%
8.3%
Q1 25
7.0%
Q4 24
6.6%
Q3 24
8.9%
Q2 24
29.7%
7.0%
Q1 24
10.0%
EPS (diluted)
NMM
NMM
OSW
OSW
Q4 25
$0.12
Q3 25
$0.23
Q2 25
$0.19
Q1 25
$0.15
Q4 24
$0.13
Q3 24
$0.20
Q2 24
$0.15
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$377.0M
$16.3M
Total DebtLower is stronger
$2.0B
$84.0M
Stockholders' EquityBook value
$542.6M
Total Assets
$5.9B
$707.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
OSW
OSW
Q4 25
$16.3M
Q3 25
$29.6M
Q2 25
$377.0M
$35.0M
Q1 25
$22.6M
Q4 24
$57.4M
Q3 24
$48.8M
Q2 24
$272.0M
$62.5M
Q1 24
$65.4M
Total Debt
NMM
NMM
OSW
OSW
Q4 25
$84.0M
Q3 25
$85.2M
Q2 25
$2.0B
$96.2M
Q1 25
$97.4M
Q4 24
$98.6M
Q3 24
$98.7M
Q2 24
$1.4B
$123.8M
Q1 24
$138.6M
Stockholders' Equity
NMM
NMM
OSW
OSW
Q4 25
$542.6M
Q3 25
$552.8M
Q2 25
$548.3M
Q1 25
$530.6M
Q4 24
$554.5M
Q3 24
$540.1M
Q2 24
$532.7M
Q1 24
$515.5M
Total Assets
NMM
NMM
OSW
OSW
Q4 25
$707.1M
Q3 25
$732.6M
Q2 25
$5.9B
$731.8M
Q1 25
$708.7M
Q4 24
$746.4M
Q3 24
$734.0M
Q2 24
$5.3B
$756.8M
Q1 24
$763.6M
Debt / Equity
NMM
NMM
OSW
OSW
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
NMM
NMM
OSW
OSW
Operating Cash FlowLast quarter
$20.0M
Free Cash FlowOCF − Capex
$14.9M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
OSW
OSW
Q4 25
$20.0M
Q3 25
$33.2M
Q2 25
$20.3M
Q1 25
$10.1M
Q4 24
$16.6M
Q3 24
$28.6M
Q2 24
$18.7M
Q1 24
$15.0M
Free Cash Flow
NMM
NMM
OSW
OSW
Q4 25
$14.9M
Q3 25
$27.6M
Q2 25
$17.6M
Q1 25
$8.4M
Q4 24
$13.2M
Q3 24
$27.5M
Q2 24
$17.6M
Q1 24
$13.7M
FCF Margin
NMM
NMM
OSW
OSW
Q4 25
6.2%
Q3 25
10.7%
Q2 25
7.3%
Q1 25
3.8%
Q4 24
6.1%
Q3 24
11.4%
Q2 24
7.8%
Q1 24
6.5%
Capex Intensity
NMM
NMM
OSW
OSW
Q4 25
2.1%
Q3 25
2.2%
Q2 25
1.1%
Q1 25
0.8%
Q4 24
1.5%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.6%
Cash Conversion
NMM
NMM
OSW
OSW
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

NMM
NMM

Segment breakdown not available.

OSW
OSW

Services$197.3M82%
Products$44.8M18%

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