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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). Paylocity Holding Corp runs the higher net margin — 13.0% vs 5.0%, a 8.0% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
OSW vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $387.0M |
| Net Profit | $12.1M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 6.8% | 18.2% |
| Net Margin | 5.0% | 13.0% |
| Revenue YoY | 11.5% | 11.3% |
| Net Profit YoY | -16.2% | 34.0% |
| EPS (diluted) | $0.12 | $0.92 |
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 | $242.1M | $387.0M | ||
| Q3 25 | $258.5M | $378.9M | ||
| Q2 25 | $240.7M | $369.9M | ||
| Q1 25 | $219.6M | $421.1M | ||
| Q4 24 | $217.2M | $347.7M | ||
| Q3 24 | $241.7M | $333.1M | ||
| Q2 24 | $224.9M | $324.7M | ||
| Q1 24 | $211.2M | $366.8M |
| Q4 25 | $12.1M | $50.2M | ||
| Q3 25 | $24.3M | $48.0M | ||
| Q2 25 | $19.9M | $48.6M | ||
| Q1 25 | $15.3M | $91.5M | ||
| Q4 24 | $14.4M | $37.5M | ||
| Q3 24 | $21.6M | $49.6M | ||
| Q2 24 | $15.8M | $48.8M | ||
| Q1 24 | $21.2M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | 6.8% | 18.2% | ||
| Q3 25 | 10.2% | 19.6% | ||
| Q2 25 | 9.2% | 17.9% | ||
| Q1 25 | 7.7% | 30.2% | ||
| Q4 24 | 7.9% | 13.4% | ||
| Q3 24 | 10.3% | 19.3% | ||
| Q2 24 | 8.4% | 19.4% | ||
| Q1 24 | 8.0% | 29.0% |
| Q4 25 | 5.0% | 13.0% | ||
| Q3 25 | 9.4% | 12.7% | ||
| Q2 25 | 8.3% | 13.1% | ||
| Q1 25 | 7.0% | 21.7% | ||
| Q4 24 | 6.6% | 10.8% | ||
| Q3 24 | 8.9% | 14.9% | ||
| Q2 24 | 7.0% | 15.0% | ||
| Q1 24 | 10.0% | 23.3% |
| Q4 25 | $0.12 | $0.92 | ||
| Q3 25 | $0.23 | $0.86 | ||
| Q2 25 | $0.19 | $0.87 | ||
| Q1 25 | $0.15 | $1.61 | ||
| Q4 24 | $0.13 | $0.66 | ||
| Q3 24 | $0.20 | $0.88 | ||
| Q2 24 | $0.15 | $0.85 | ||
| Q1 24 | $0.21 | $1.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.3M | $162.5M |
| Total DebtLower is stronger | $84.0M | $81.3M |
| Stockholders' EquityBook value | $542.6M | $1.1B |
| Total Assets | $707.1M | $7.0B |
| Debt / EquityLower = less leverage | 0.15× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $162.5M | ||
| Q3 25 | $29.6M | $165.2M | ||
| Q2 25 | $35.0M | $398.1M | ||
| Q1 25 | $22.6M | $477.8M | ||
| Q4 24 | $57.4M | $482.4M | ||
| Q3 24 | $48.8M | $778.5M | ||
| Q2 24 | $62.5M | $401.8M | ||
| Q1 24 | $65.4M | $492.7M |
| Q4 25 | $84.0M | $81.3M | ||
| Q3 25 | $85.2M | $81.3M | ||
| Q2 25 | $96.2M | $162.5M | ||
| Q1 25 | $97.4M | $243.8M | ||
| Q4 24 | $98.6M | $325.0M | ||
| Q3 24 | $98.7M | $325.0M | ||
| Q2 24 | $123.8M | $0 | ||
| Q1 24 | $138.6M | — |
| Q4 25 | $542.6M | $1.1B | ||
| Q3 25 | $552.8M | $1.1B | ||
| Q2 25 | $548.3M | $1.2B | ||
| Q1 25 | $530.6M | $1.2B | ||
| Q4 24 | $554.5M | $1.2B | ||
| Q3 24 | $540.1M | $1.1B | ||
| Q2 24 | $532.7M | $1.0B | ||
| Q1 24 | $515.5M | $1.1B |
| Q4 25 | $707.1M | $7.0B | ||
| Q3 25 | $732.6M | $4.2B | ||
| Q2 25 | $731.8M | $4.4B | ||
| Q1 25 | $708.7M | $5.2B | ||
| Q4 24 | $746.4M | $5.3B | ||
| Q3 24 | $734.0M | $4.0B | ||
| Q2 24 | $756.8M | $4.2B | ||
| Q1 24 | $763.6M | $5.0B |
| Q4 25 | 0.15× | 0.07× | ||
| Q3 25 | 0.15× | 0.07× | ||
| Q2 25 | 0.18× | 0.13× | ||
| Q1 25 | 0.18× | 0.20× | ||
| Q4 24 | 0.18× | 0.28× | ||
| Q3 24 | 0.18× | 0.29× | ||
| Q2 24 | 0.23× | 0.00× | ||
| 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 | $20.0M | $117.0M |
| Free Cash FlowOCF − Capex | $14.9M | $113.6M |
| FCF MarginFCF / Revenue | 6.2% | 29.4% |
| Capex IntensityCapex / Revenue | 2.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.65× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $117.0M | ||
| Q3 25 | $33.2M | $86.5M | ||
| Q2 25 | $20.3M | $86.6M | ||
| Q1 25 | $10.1M | $186.0M | ||
| Q4 24 | $16.6M | $54.2M | ||
| Q3 24 | $28.6M | $91.5M | ||
| Q2 24 | $18.7M | $79.9M | ||
| Q1 24 | $15.0M | $167.5M |
| Q4 25 | $14.9M | $113.6M | ||
| Q3 25 | $27.6M | $82.7M | ||
| Q2 25 | $17.6M | $81.1M | ||
| Q1 25 | $8.4M | $183.7M | ||
| Q4 24 | $13.2M | $51.2M | ||
| Q3 24 | $27.5M | $89.1M | ||
| Q2 24 | $17.6M | $73.6M | ||
| Q1 24 | $13.7M | $162.0M |
| Q4 25 | 6.2% | 29.4% | ||
| Q3 25 | 10.7% | 21.8% | ||
| Q2 25 | 7.3% | 21.9% | ||
| Q1 25 | 3.8% | 43.6% | ||
| Q4 24 | 6.1% | 14.7% | ||
| Q3 24 | 11.4% | 26.8% | ||
| Q2 24 | 7.8% | 22.7% | ||
| Q1 24 | 6.5% | 44.2% |
| Q4 25 | 2.1% | 0.9% | ||
| Q3 25 | 2.2% | 1.0% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 0.8% | 0.5% | ||
| Q4 24 | 1.5% | 0.9% | ||
| Q3 24 | 0.5% | 0.7% | ||
| Q2 24 | 0.5% | 1.9% | ||
| Q1 24 | 0.6% | 1.5% |
| Q4 25 | 1.65× | 2.33× | ||
| Q3 25 | 1.36× | 1.80× | ||
| Q2 25 | 1.02× | 1.78× | ||
| Q1 25 | 0.66× | 2.03× | ||
| Q4 24 | 1.15× | 1.45× | ||
| Q3 24 | 1.33× | 1.84× | ||
| Q2 24 | 1.19× | 1.64× | ||
| Q1 24 | 0.71× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
