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Side-by-side financial comparison of Nutex Health, Inc. (NUTX) 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 $151.7M, roughly 1.6× Nutex Health, Inc.). Nutex Health, Inc. runs the higher net margin — 7.8% vs 5.0%, a 2.8% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $14.9M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% CAGR vs 7.1%).

NUTX vs OSW — Head-to-Head

Bigger by revenue
OSW
OSW
1.6× larger
OSW
$242.1M
$151.7M
NUTX
Growing faster (revenue YoY)
OSW
OSW
+52.6% gap
OSW
11.5%
-41.1%
NUTX
Higher net margin
NUTX
NUTX
2.8% more per $
NUTX
7.8%
5.0%
OSW
More free cash flow
NUTX
NUTX
$54.1M more FCF
NUTX
$69.0M
$14.9M
OSW
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
7.1%
OSW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NUTX
NUTX
OSW
OSW
Revenue
$151.7M
$242.1M
Net Profit
$11.8M
$12.1M
Gross Margin
30.4%
Operating Margin
20.4%
6.8%
Net Margin
7.8%
5.0%
Revenue YoY
-41.1%
11.5%
Net Profit YoY
-80.8%
-16.2%
EPS (diluted)
$2.34
$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
NUTX
NUTX
OSW
OSW
Q4 25
$151.7M
$242.1M
Q3 25
$267.8M
$258.5M
Q2 25
$244.0M
$240.7M
Q1 25
$211.8M
$219.6M
Q4 24
$257.6M
$217.2M
Q3 24
$78.8M
$241.7M
Q2 24
$76.1M
$224.9M
Q1 24
$67.5M
$211.2M
Net Profit
NUTX
NUTX
OSW
OSW
Q4 25
$11.8M
$12.1M
Q3 25
$55.4M
$24.3M
Q2 25
$-17.7M
$19.9M
Q1 25
$21.2M
$15.3M
Q4 24
$61.6M
$14.4M
Q3 24
$-8.8M
$21.6M
Q2 24
$-364.0K
$15.8M
Q1 24
$-364.0K
$21.2M
Gross Margin
NUTX
NUTX
OSW
OSW
Q4 25
30.4%
Q3 25
57.8%
Q2 25
51.2%
Q1 25
55.9%
Q4 24
55.0%
Q3 24
27.8%
Q2 24
29.7%
Q1 24
15.1%
Operating Margin
NUTX
NUTX
OSW
OSW
Q4 25
20.4%
6.8%
Q3 25
48.7%
10.2%
Q2 25
13.8%
9.2%
Q1 25
38.1%
7.7%
Q4 24
44.4%
7.9%
Q3 24
12.3%
10.3%
Q2 24
7.0%
8.4%
Q1 24
2.1%
8.0%
Net Margin
NUTX
NUTX
OSW
OSW
Q4 25
7.8%
5.0%
Q3 25
20.7%
9.4%
Q2 25
-7.3%
8.3%
Q1 25
10.0%
7.0%
Q4 24
23.9%
6.6%
Q3 24
-11.2%
8.9%
Q2 24
-0.5%
7.0%
Q1 24
-0.5%
10.0%
EPS (diluted)
NUTX
NUTX
OSW
OSW
Q4 25
$2.34
$0.12
Q3 25
$7.76
$0.23
Q2 25
$-2.95
$0.19
Q1 25
$3.33
$0.15
Q4 24
$11.56
$0.13
Q3 24
$-1.72
$0.20
Q2 24
$-0.07
$0.15
Q1 24
$-0.08
$0.21

Balance Sheet & Financial Strength

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

Metric
NUTX
NUTX
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$185.6M
$16.3M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$329.4M
$542.6M
Total Assets
$918.5M
$707.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NUTX
NUTX
OSW
OSW
Q4 25
$185.6M
$16.3M
Q3 25
$166.0M
$29.6M
Q2 25
$96.7M
$35.0M
Q1 25
$84.7M
$22.6M
Q4 24
$40.6M
$57.4M
Q3 24
$46.9M
$48.8M
Q2 24
$40.8M
$62.5M
Q1 24
$30.0M
$65.4M
Total Debt
NUTX
NUTX
OSW
OSW
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
Stockholders' Equity
NUTX
NUTX
OSW
OSW
Q4 25
$329.4M
$542.6M
Q3 25
$317.2M
$552.8M
Q2 25
$235.3M
$548.3M
Q1 25
$176.9M
$530.6M
Q4 24
$132.4M
$554.5M
Q3 24
$60.4M
$540.1M
Q2 24
$62.7M
$532.7M
Q1 24
$63.0M
$515.5M
Total Assets
NUTX
NUTX
OSW
OSW
Q4 25
$918.5M
$707.1M
Q3 25
$964.5M
$732.6M
Q2 25
$841.0M
$731.8M
Q1 25
$761.9M
$708.7M
Q4 24
$655.3M
$746.4M
Q3 24
$438.5M
$734.0M
Q2 24
$422.4M
$756.8M
Q1 24
$404.3M
$763.6M
Debt / Equity
NUTX
NUTX
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
NUTX
NUTX
OSW
OSW
Operating Cash FlowLast quarter
$70.4M
$20.0M
Free Cash FlowOCF − Capex
$69.0M
$14.9M
FCF MarginFCF / Revenue
45.5%
6.2%
Capex IntensityCapex / Revenue
0.9%
2.1%
Cash ConversionOCF / Net Profit
5.95×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$245.6M
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NUTX
NUTX
OSW
OSW
Q4 25
$70.4M
$20.0M
Q3 25
$99.5M
$33.2M
Q2 25
$27.3M
$20.3M
Q1 25
$51.0M
$10.1M
Q4 24
$54.0K
$16.6M
Q3 24
$6.8M
$28.6M
Q2 24
$13.3M
$18.7M
Q1 24
$3.1M
$15.0M
Free Cash Flow
NUTX
NUTX
OSW
OSW
Q4 25
$69.0M
$14.9M
Q3 25
$99.2M
$27.6M
Q2 25
$26.5M
$17.6M
Q1 25
$50.9M
$8.4M
Q4 24
$-341.0K
$13.2M
Q3 24
$6.2M
$27.5M
Q2 24
$12.7M
$17.6M
Q1 24
$2.3M
$13.7M
FCF Margin
NUTX
NUTX
OSW
OSW
Q4 25
45.5%
6.2%
Q3 25
37.0%
10.7%
Q2 25
10.9%
7.3%
Q1 25
24.0%
3.8%
Q4 24
-0.1%
6.1%
Q3 24
7.8%
11.4%
Q2 24
16.7%
7.8%
Q1 24
3.4%
6.5%
Capex Intensity
NUTX
NUTX
OSW
OSW
Q4 25
0.9%
2.1%
Q3 25
0.1%
2.2%
Q2 25
0.3%
1.1%
Q1 25
0.0%
0.8%
Q4 24
0.2%
1.5%
Q3 24
0.8%
0.5%
Q2 24
0.7%
0.5%
Q1 24
1.1%
0.6%
Cash Conversion
NUTX
NUTX
OSW
OSW
Q4 25
5.95×
1.65×
Q3 25
1.80×
1.36×
Q2 25
1.02×
Q1 25
2.40×
0.66×
Q4 24
0.00×
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

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

OSW
OSW

Services$197.3M82%
Products$44.8M18%

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