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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 11.5%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $14.9M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 7.1%).
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
OSW vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $376.9M |
| Net Profit | $12.1M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | 6.8% | 1.9% |
| Net Margin | 5.0% | — |
| Revenue YoY | 11.5% | 11.7% |
| Net Profit YoY | -16.2% | — |
| EPS (diluted) | $0.12 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $258.5M | $366.9M | ||
| Q2 25 | $240.7M | $353.6M | ||
| Q1 25 | $219.6M | $342.0M | ||
| Q4 24 | $217.2M | $337.3M | ||
| Q3 24 | $241.7M | $327.5M | ||
| Q2 24 | $224.9M | $314.8M | ||
| Q1 24 | $211.2M | $306.1M |
| Q4 25 | $12.1M | — | ||
| Q3 25 | $24.3M | — | ||
| Q2 25 | $19.9M | — | ||
| Q1 25 | $15.3M | — | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $21.6M | — | ||
| Q2 24 | $15.8M | — | ||
| Q1 24 | $21.2M | — |
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 11.8% |
| Q4 25 | 6.8% | 1.9% | ||
| Q3 25 | 10.2% | 1.6% | ||
| Q2 25 | 9.2% | 0.7% | ||
| Q1 25 | 7.7% | -0.4% | ||
| Q4 24 | 7.9% | 0.1% | ||
| Q3 24 | 10.3% | 0.5% | ||
| Q2 24 | 8.4% | -1.7% | ||
| Q1 24 | 8.0% | -2.0% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | 10.0% | — |
| Q4 25 | $0.12 | $0.13 | ||
| Q3 25 | $0.23 | $0.13 | ||
| Q2 25 | $0.19 | $0.22 | ||
| Q1 25 | $0.15 | $-0.03 | ||
| Q4 24 | $0.13 | $0.04 | ||
| Q3 24 | $0.20 | $0.03 | ||
| Q2 24 | $0.15 | $-0.14 | ||
| Q1 24 | $0.21 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $84.0M | $101.8M |
| Stockholders' EquityBook value | $542.6M | $383.9M |
| Total Assets | $707.1M | $915.0M |
| Debt / EquityLower = less leverage | 0.15× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $370.7M | ||
| Q3 25 | $29.6M | $348.5M | ||
| Q2 25 | $35.0M | $319.6M | ||
| Q1 25 | $22.6M | $321.8M | ||
| Q4 24 | $57.4M | $307.4M | ||
| Q3 24 | $48.8M | $293.1M | ||
| Q2 24 | $62.5M | $277.2M | ||
| Q1 24 | $65.4M | $275.2M |
| Q4 25 | $84.0M | $101.8M | ||
| Q3 25 | $85.2M | — | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $97.4M | — | ||
| Q4 24 | $98.6M | $127.5M | ||
| Q3 24 | $98.7M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $138.6M | — |
| Q4 25 | $542.6M | $383.9M | ||
| Q3 25 | $552.8M | $368.6M | ||
| Q2 25 | $548.3M | $355.5M | ||
| Q1 25 | $530.6M | $333.7M | ||
| Q4 24 | $554.5M | $323.3M | ||
| Q3 24 | $540.1M | $320.2M | ||
| Q2 24 | $532.7M | $305.8M | ||
| Q1 24 | $515.5M | $303.4M |
| Q4 25 | $707.1M | $915.0M | ||
| Q3 25 | $732.6M | $880.2M | ||
| Q2 25 | $731.8M | $847.8M | ||
| Q1 25 | $708.7M | $837.2M | ||
| Q4 24 | $746.4M | $806.9M | ||
| Q3 24 | $734.0M | $816.1M | ||
| Q2 24 | $756.8M | $795.9M | ||
| Q1 24 | $763.6M | $789.5M |
| Q4 25 | 0.15× | 0.27× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | 0.39× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $20.0M | $29.3M |
| Free Cash FlowOCF − Capex | $14.9M | $25.3M |
| FCF MarginFCF / Revenue | 6.2% | 6.7% |
| Capex IntensityCapex / Revenue | 2.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $29.3M | ||
| Q3 25 | $33.2M | $29.2M | ||
| Q2 25 | $20.3M | $15.0M | ||
| Q1 25 | $10.1M | $16.0M | ||
| Q4 24 | $16.6M | $23.7M | ||
| Q3 24 | $28.6M | $15.3M | ||
| Q2 24 | $18.7M | $6.9M | ||
| Q1 24 | $15.0M | $2.4M |
| Q4 25 | $14.9M | $25.3M | ||
| Q3 25 | $27.6M | $23.9M | ||
| Q2 25 | $17.6M | $12.0M | ||
| Q1 25 | $8.4M | $14.0M | ||
| Q4 24 | $13.2M | $21.8M | ||
| Q3 24 | $27.5M | $13.4M | ||
| Q2 24 | $17.6M | $4.0M | ||
| Q1 24 | $13.7M | $-631.0K |
| Q4 25 | 6.2% | 6.7% | ||
| Q3 25 | 10.7% | 6.5% | ||
| Q2 25 | 7.3% | 3.4% | ||
| Q1 25 | 3.8% | 4.1% | ||
| Q4 24 | 6.1% | 6.5% | ||
| Q3 24 | 11.4% | 4.1% | ||
| Q2 24 | 7.8% | 1.3% | ||
| Q1 24 | 6.5% | -0.2% |
| Q4 25 | 2.1% | 1.0% | ||
| Q3 25 | 2.2% | 1.4% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 0.8% | 0.6% | ||
| Q4 24 | 1.5% | 0.6% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 0.5% | 0.9% | ||
| Q1 24 | 0.6% | 1.0% |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 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
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
