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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $242.1M, roughly 1.8× ONESPAWORLD HOLDINGS Ltd). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 5.0%, a 2.6% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $14.9M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 7.1%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
OSW vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $430.0M |
| Net Profit | $12.1M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 6.8% | 8.6% |
| Net Margin | 5.0% | 7.6% |
| Revenue YoY | 11.5% | -9.6% |
| Net Profit YoY | -16.2% | — |
| EPS (diluted) | $0.12 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $242.1M | $504.3M | ||
| Q3 25 | $258.5M | $381.4M | ||
| Q2 25 | $240.7M | $384.5M | ||
| Q1 25 | $219.6M | $475.6M | ||
| Q4 24 | $217.2M | $490.8M | ||
| Q3 24 | $241.7M | $325.1M | ||
| Q2 24 | $224.9M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $12.1M | $234.6M | ||
| Q3 25 | $24.3M | $43.4M | ||
| Q2 25 | $19.9M | $30.1M | ||
| Q1 25 | $15.3M | $85.4M | ||
| Q4 24 | $14.4M | $119.1M | ||
| Q3 24 | $21.6M | $-14.4M | ||
| Q2 24 | $15.8M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 6.8% | 20.7% | ||
| Q3 25 | 10.2% | 3.8% | ||
| Q2 25 | 9.2% | 4.5% | ||
| Q1 25 | 7.7% | 26.7% | ||
| Q4 24 | 7.9% | 29.1% | ||
| Q3 24 | 10.3% | -3.6% | ||
| Q2 24 | 8.4% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.0% | 46.5% | ||
| Q3 25 | 9.4% | 11.4% | ||
| Q2 25 | 8.3% | 7.8% | ||
| Q1 25 | 7.0% | 18.0% | ||
| Q4 24 | 6.6% | 24.3% | ||
| Q3 24 | 8.9% | -4.4% | ||
| Q2 24 | 7.0% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.12 | $0.81 | ||
| Q3 25 | $0.23 | $0.24 | ||
| Q2 25 | $0.19 | $0.17 | ||
| Q1 25 | $0.15 | $0.91 | ||
| Q4 24 | $0.13 | $1.35 | ||
| Q3 24 | $0.20 | $-0.17 | ||
| Q2 24 | $0.15 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $542.6M | $705.9M |
| Total Assets | $707.1M | $1.6B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $16.3M | $425.8M | ||
| Q3 25 | $29.6M | $351.4M | ||
| Q2 25 | $35.0M | $411.6M | ||
| Q1 25 | $22.6M | $371.7M | ||
| Q4 24 | $57.4M | $740.0M | ||
| Q3 24 | $48.8M | $703.0M | ||
| Q2 24 | $62.5M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $542.6M | $787.4M | ||
| Q3 25 | $552.8M | $596.8M | ||
| Q2 25 | $548.3M | $624.5M | ||
| Q1 25 | $530.6M | $611.3M | ||
| Q4 24 | $554.5M | $585.5M | ||
| Q3 24 | $540.1M | $473.0M | ||
| Q2 24 | $532.7M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $707.1M | $1.6B | ||
| Q3 25 | $732.6M | $1.3B | ||
| Q2 25 | $731.8M | $1.3B | ||
| Q1 25 | $708.7M | $1.3B | ||
| Q4 24 | $746.4M | $1.8B | ||
| Q3 24 | $734.0M | $1.6B | ||
| Q2 24 | $756.8M | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $14.9M | $206.5M |
| FCF MarginFCF / Revenue | 6.2% | 48.0% |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $20.0M | $158.4M | ||
| Q3 25 | $33.2M | $56.3M | ||
| Q2 25 | $20.3M | $86.3M | ||
| Q1 25 | $10.1M | $204.2M | ||
| Q4 24 | $16.6M | $95.2M | ||
| Q3 24 | $28.6M | $30.5M | ||
| Q2 24 | $18.7M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $14.9M | $152.4M | ||
| Q3 25 | $27.6M | $51.8M | ||
| Q2 25 | $17.6M | $84.1M | ||
| Q1 25 | $8.4M | $202.3M | ||
| Q4 24 | $13.2M | $92.4M | ||
| Q3 24 | $27.5M | $27.4M | ||
| Q2 24 | $17.6M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 6.2% | 30.2% | ||
| Q3 25 | 10.7% | 13.6% | ||
| Q2 25 | 7.3% | 21.9% | ||
| Q1 25 | 3.8% | 42.5% | ||
| Q4 24 | 6.1% | 18.8% | ||
| Q3 24 | 11.4% | 8.4% | ||
| Q2 24 | 7.8% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 1.2% | ||
| Q3 25 | 2.2% | 1.2% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 0.8% | 0.4% | ||
| Q4 24 | 1.5% | 0.6% | ||
| Q3 24 | 0.5% | 0.9% | ||
| Q2 24 | 0.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 0.68× | ||
| Q3 25 | 1.36× | 1.30× | ||
| Q2 25 | 1.02× | 2.87× | ||
| Q1 25 | 0.66× | 2.39× | ||
| Q4 24 | 1.15× | 0.80× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.19× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
