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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $124.7M, roughly 1.9× SMITH & WESSON BRANDS, INC.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 1.5%, a 3.4% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs -4.8%).

OSW vs SWBI — Head-to-Head

Bigger by revenue
OSW
OSW
1.9× larger
OSW
$242.1M
$124.7M
SWBI
Growing faster (revenue YoY)
OSW
OSW
+15.3% gap
OSW
11.5%
-3.9%
SWBI
Higher net margin
OSW
OSW
3.4% more per $
OSW
5.0%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$1.4M more FCF
SWBI
$16.3M
$14.9M
OSW
Faster 2-yr revenue CAGR
OSW
OSW
Annualised
OSW
7.1%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
OSW
OSW
SWBI
SWBI
Revenue
$242.1M
$124.7M
Net Profit
$12.1M
$1.9M
Gross Margin
24.3%
Operating Margin
6.8%
3.3%
Net Margin
5.0%
1.5%
Revenue YoY
11.5%
-3.9%
Net Profit YoY
-16.2%
-53.6%
EPS (diluted)
$0.12
$0.04

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
SWBI
SWBI
Q4 25
$242.1M
$124.7M
Q3 25
$258.5M
$85.1M
Q2 25
$240.7M
$140.8M
Q1 25
$219.6M
$115.9M
Q4 24
$217.2M
$129.7M
Q3 24
$241.7M
$88.3M
Q2 24
$224.9M
$159.1M
Q1 24
$211.2M
$137.5M
Net Profit
OSW
OSW
SWBI
SWBI
Q4 25
$12.1M
$1.9M
Q3 25
$24.3M
$-3.4M
Q2 25
$19.9M
$8.6M
Q1 25
$15.3M
$2.1M
Q4 24
$14.4M
$4.5M
Q3 24
$21.6M
$-1.9M
Q2 24
$15.8M
$27.9M
Q1 24
$21.2M
$7.9M
Gross Margin
OSW
OSW
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
OSW
OSW
SWBI
SWBI
Q4 25
6.8%
3.3%
Q3 25
10.2%
-3.5%
Q2 25
9.2%
9.3%
Q1 25
7.7%
4.1%
Q4 24
7.9%
5.8%
Q3 24
10.3%
-1.7%
Q2 24
8.4%
17.4%
Q1 24
8.0%
8.2%
Net Margin
OSW
OSW
SWBI
SWBI
Q4 25
5.0%
1.5%
Q3 25
9.4%
-4.0%
Q2 25
8.3%
6.1%
Q1 25
7.0%
1.8%
Q4 24
6.6%
3.5%
Q3 24
8.9%
-2.1%
Q2 24
7.0%
17.5%
Q1 24
10.0%
5.7%
EPS (diluted)
OSW
OSW
SWBI
SWBI
Q4 25
$0.12
$0.04
Q3 25
$0.23
$-0.08
Q2 25
$0.19
$0.19
Q1 25
$0.15
$0.05
Q4 24
$0.13
$0.10
Q3 24
$0.20
$-0.04
Q2 24
$0.15
$0.60
Q1 24
$0.21
$0.17

Balance Sheet & Financial Strength

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

Metric
OSW
OSW
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$16.3M
$22.4M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$542.6M
$363.2M
Total Assets
$707.1M
$548.6M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSW
OSW
SWBI
SWBI
Q4 25
$16.3M
$22.4M
Q3 25
$29.6M
$18.0M
Q2 25
$35.0M
$25.2M
Q1 25
$22.6M
$26.7M
Q4 24
$57.4M
$39.1M
Q3 24
$48.8M
$35.5M
Q2 24
$62.5M
$60.8M
Q1 24
$65.4M
$47.4M
Total Debt
OSW
OSW
SWBI
SWBI
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
OSW
OSW
SWBI
SWBI
Q4 25
$542.6M
$363.2M
Q3 25
$552.8M
$364.4M
Q2 25
$548.3M
$372.5M
Q1 25
$530.6M
$366.9M
Q4 24
$554.5M
$371.5M
Q3 24
$540.1M
$380.0M
Q2 24
$532.7M
$399.9M
Q1 24
$515.5M
$376.4M
Total Assets
OSW
OSW
SWBI
SWBI
Q4 25
$707.1M
$548.6M
Q3 25
$732.6M
$554.6M
Q2 25
$731.8M
$559.6M
Q1 25
$708.7M
$578.9M
Q4 24
$746.4M
$587.4M
Q3 24
$734.0M
$571.3M
Q2 24
$756.8M
$577.4M
Q1 24
$763.6M
$570.6M
Debt / Equity
OSW
OSW
SWBI
SWBI
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
OSW
OSW
SWBI
SWBI
Operating Cash FlowLast quarter
$20.0M
$27.3M
Free Cash FlowOCF − Capex
$14.9M
$16.3M
FCF MarginFCF / Revenue
6.2%
13.1%
Capex IntensityCapex / Revenue
2.1%
8.8%
Cash ConversionOCF / Net Profit
1.65×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$68.4M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OSW
OSW
SWBI
SWBI
Q4 25
$20.0M
$27.3M
Q3 25
$33.2M
$-8.1M
Q2 25
$20.3M
$40.8M
Q1 25
$10.1M
$-9.8M
Q4 24
$16.6M
$-7.4M
Q3 24
$28.6M
$-30.8M
Q2 24
$18.7M
$43.7M
Q1 24
$15.0M
$25.2M
Free Cash Flow
OSW
OSW
SWBI
SWBI
Q4 25
$14.9M
$16.3M
Q3 25
$27.6M
$-12.4M
Q2 25
$17.6M
$33.5M
Q1 25
$8.4M
$-16.1M
Q4 24
$13.2M
$-10.7M
Q3 24
$27.5M
$-35.5M
Q2 24
$17.6M
$38.2M
Q1 24
$13.7M
$7.0M
FCF Margin
OSW
OSW
SWBI
SWBI
Q4 25
6.2%
13.1%
Q3 25
10.7%
-14.6%
Q2 25
7.3%
23.8%
Q1 25
3.8%
-13.9%
Q4 24
6.1%
-8.3%
Q3 24
11.4%
-40.2%
Q2 24
7.8%
24.0%
Q1 24
6.5%
5.1%
Capex Intensity
OSW
OSW
SWBI
SWBI
Q4 25
2.1%
8.8%
Q3 25
2.2%
5.0%
Q2 25
1.1%
5.2%
Q1 25
0.8%
5.4%
Q4 24
1.5%
2.5%
Q3 24
0.5%
5.3%
Q2 24
0.5%
3.5%
Q1 24
0.6%
13.2%
Cash Conversion
OSW
OSW
SWBI
SWBI
Q4 25
1.65×
14.22×
Q3 25
1.36×
Q2 25
1.02×
4.73×
Q1 25
0.66×
-4.68×
Q4 24
1.15×
-1.63×
Q3 24
1.33×
Q2 24
1.19×
1.57×
Q1 24
0.71×
3.20×

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%

SWBI
SWBI

Segment breakdown not available.

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