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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $191.2M, roughly 1.3× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs 5.0%, a 3.4% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 11.5%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 7.1%).

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

OSW vs PSIX — Head-to-Head

Bigger by revenue
OSW
OSW
1.3× larger
OSW
$242.1M
$191.2M
PSIX
Growing faster (revenue YoY)
PSIX
PSIX
+21.0% gap
PSIX
32.5%
11.5%
OSW
Higher net margin
PSIX
PSIX
3.4% more per $
PSIX
8.4%
5.0%
OSW
More free cash flow
OSW
OSW
$22.5M more FCF
OSW
$14.9M
$-7.6M
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
7.1%
OSW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OSW
OSW
PSIX
PSIX
Revenue
$242.1M
$191.2M
Net Profit
$12.1M
$16.1M
Gross Margin
21.9%
Operating Margin
6.8%
12.7%
Net Margin
5.0%
8.4%
Revenue YoY
11.5%
32.5%
Net Profit YoY
-16.2%
-31.0%
EPS (diluted)
$0.12
$0.69

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
OSW
OSW
PSIX
PSIX
Q4 25
$242.1M
$191.2M
Q3 25
$258.5M
$203.8M
Q2 25
$240.7M
$191.9M
Q1 25
$219.6M
$135.4M
Q4 24
$217.2M
$144.3M
Q3 24
$241.7M
$125.8M
Q2 24
$224.9M
$110.6M
Q1 24
$211.2M
$95.2M
Net Profit
OSW
OSW
PSIX
PSIX
Q4 25
$12.1M
$16.1M
Q3 25
$24.3M
$27.6M
Q2 25
$19.9M
$51.2M
Q1 25
$15.3M
$19.1M
Q4 24
$14.4M
$23.3M
Q3 24
$21.6M
$17.3M
Q2 24
$15.8M
$21.5M
Q1 24
$21.2M
$7.1M
Gross Margin
OSW
OSW
PSIX
PSIX
Q4 25
21.9%
Q3 25
23.9%
Q2 25
28.2%
Q1 25
29.7%
Q4 24
29.9%
Q3 24
28.9%
Q2 24
31.8%
Q1 24
27.0%
Operating Margin
OSW
OSW
PSIX
PSIX
Q4 25
6.8%
12.7%
Q3 25
10.2%
13.9%
Q2 25
9.2%
16.9%
Q1 25
7.7%
18.2%
Q4 24
7.9%
17.5%
Q3 24
10.3%
16.3%
Q2 24
8.4%
22.9%
Q1 24
8.0%
11.2%
Net Margin
OSW
OSW
PSIX
PSIX
Q4 25
5.0%
8.4%
Q3 25
9.4%
13.5%
Q2 25
8.3%
26.7%
Q1 25
7.0%
14.1%
Q4 24
6.6%
16.1%
Q3 24
8.9%
13.8%
Q2 24
7.0%
19.5%
Q1 24
10.0%
7.5%
EPS (diluted)
OSW
OSW
PSIX
PSIX
Q4 25
$0.12
$0.69
Q3 25
$0.23
$1.20
Q2 25
$0.19
$2.22
Q1 25
$0.15
$0.83
Q4 24
$0.13
$1.01
Q3 24
$0.20
$0.75
Q2 24
$0.15
$0.94
Q1 24
$0.21
$0.31

Balance Sheet & Financial Strength

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

Metric
OSW
OSW
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$16.3M
$41.3M
Total DebtLower is stronger
$84.0M
$96.6M
Stockholders' EquityBook value
$542.6M
$178.6M
Total Assets
$707.1M
$424.7M
Debt / EquityLower = less leverage
0.15×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSW
OSW
PSIX
PSIX
Q4 25
$16.3M
$41.3M
Q3 25
$29.6M
$49.0M
Q2 25
$35.0M
$49.5M
Q1 25
$22.6M
$50.0M
Q4 24
$57.4M
$55.3M
Q3 24
$48.8M
$40.5M
Q2 24
$62.5M
$28.8M
Q1 24
$65.4M
$33.1M
Total Debt
OSW
OSW
PSIX
PSIX
Q4 25
$84.0M
$96.6M
Q3 25
$85.2M
$96.7M
Q2 25
$96.2M
$1.8M
Q1 25
$97.4M
$1.0M
Q4 24
$98.6M
$184.0K
Q3 24
$98.7M
$238.0K
Q2 24
$123.8M
$292.0K
Q1 24
$138.6M
$345.0K
Stockholders' Equity
OSW
OSW
PSIX
PSIX
Q4 25
$542.6M
$178.6M
Q3 25
$552.8M
$162.5M
Q2 25
$548.3M
$135.7M
Q1 25
$530.6M
$84.3M
Q4 24
$554.5M
$65.3M
Q3 24
$540.1M
$42.1M
Q2 24
$532.7M
$24.8M
Q1 24
$515.5M
$3.2M
Total Assets
OSW
OSW
PSIX
PSIX
Q4 25
$707.1M
$424.7M
Q3 25
$732.6M
$458.9M
Q2 25
$731.8M
$437.7M
Q1 25
$708.7M
$372.7M
Q4 24
$746.4M
$328.2M
Q3 24
$734.0M
$339.1M
Q2 24
$756.8M
$307.6M
Q1 24
$763.6M
$286.8M
Debt / Equity
OSW
OSW
PSIX
PSIX
Q4 25
0.15×
0.54×
Q3 25
0.15×
0.60×
Q2 25
0.18×
0.01×
Q1 25
0.18×
0.01×
Q4 24
0.18×
0.00×
Q3 24
0.18×
0.01×
Q2 24
0.23×
0.01×
Q1 24
0.27×
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OSW
OSW
PSIX
PSIX
Operating Cash FlowLast quarter
$20.0M
$-4.6M
Free Cash FlowOCF − Capex
$14.9M
$-7.6M
FCF MarginFCF / Revenue
6.2%
-4.0%
Capex IntensityCapex / Revenue
2.1%
1.6%
Cash ConversionOCF / Net Profit
1.65×
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$68.4M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OSW
OSW
PSIX
PSIX
Q4 25
$20.0M
$-4.6M
Q3 25
$33.2M
$3.3M
Q2 25
$20.3M
$16.7M
Q1 25
$10.1M
$8.8M
Q4 24
$16.6M
$32.7M
Q3 24
$28.6M
$12.6M
Q2 24
$18.7M
$1.5M
Q1 24
$15.0M
$15.6M
Free Cash Flow
OSW
OSW
PSIX
PSIX
Q4 25
$14.9M
$-7.6M
Q3 25
$27.6M
$1.7M
Q2 25
$17.6M
$14.6M
Q1 25
$8.4M
$5.4M
Q4 24
$13.2M
$30.0M
Q3 24
$27.5M
$12.1M
Q2 24
$17.6M
$822.0K
Q1 24
$13.7M
$14.8M
FCF Margin
OSW
OSW
PSIX
PSIX
Q4 25
6.2%
-4.0%
Q3 25
10.7%
0.8%
Q2 25
7.3%
7.6%
Q1 25
3.8%
4.0%
Q4 24
6.1%
20.8%
Q3 24
11.4%
9.7%
Q2 24
7.8%
0.7%
Q1 24
6.5%
15.6%
Capex Intensity
OSW
OSW
PSIX
PSIX
Q4 25
2.1%
1.6%
Q3 25
2.2%
0.8%
Q2 25
1.1%
1.1%
Q1 25
0.8%
2.5%
Q4 24
1.5%
1.8%
Q3 24
0.5%
0.3%
Q2 24
0.5%
0.6%
Q1 24
0.6%
0.9%
Cash Conversion
OSW
OSW
PSIX
PSIX
Q4 25
1.65×
-0.29×
Q3 25
1.36×
0.12×
Q2 25
1.02×
0.33×
Q1 25
0.66×
0.46×
Q4 24
1.15×
1.40×
Q3 24
1.33×
0.73×
Q2 24
1.19×
0.07×
Q1 24
0.71×
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OSW
OSW

Services$197.3M82%
Products$44.8M18%

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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