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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $199.5M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 3.6%, a 1.4% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -4.1%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs -5.7%).
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
OSW vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $199.5M |
| Net Profit | $12.1M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | 6.8% | 7.7% |
| Net Margin | 5.0% | 3.6% |
| Revenue YoY | 11.5% | -4.1% |
| Net Profit YoY | -16.2% | -78.1% |
| EPS (diluted) | $0.12 | $1.05 |
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 | — | $199.5M | ||
| Q4 25 | $242.1M | $208.0M | ||
| Q3 25 | $258.5M | $216.4M | ||
| Q2 25 | $240.7M | $210.5M | ||
| Q1 25 | $219.6M | $217.9M | ||
| Q4 24 | $217.2M | $233.5M | ||
| Q3 24 | $241.7M | $227.0M | ||
| Q2 24 | $224.9M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $12.1M | $33.9M | ||
| Q3 25 | $24.3M | $31.3M | ||
| Q2 25 | $19.9M | $42.7M | ||
| Q1 25 | $15.3M | $28.1M | ||
| Q4 24 | $14.4M | $39.5M | ||
| Q3 24 | $21.6M | $49.1M | ||
| Q2 24 | $15.8M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.8% | 19.1% | ||
| Q3 25 | 10.2% | 21.7% | ||
| Q2 25 | 9.2% | 21.5% | ||
| Q1 25 | 7.7% | 16.8% | ||
| Q4 24 | 7.9% | 21.7% | ||
| Q3 24 | 10.3% | 24.3% | ||
| Q2 24 | 8.4% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 5.0% | 16.3% | ||
| Q3 25 | 9.4% | 14.5% | ||
| Q2 25 | 8.3% | 20.3% | ||
| Q1 25 | 7.0% | 12.9% | ||
| Q4 24 | 6.6% | 16.9% | ||
| Q3 24 | 8.9% | 21.6% | ||
| Q2 24 | 7.0% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.12 | $5.15 | ||
| Q3 25 | $0.23 | $4.65 | ||
| Q2 25 | $0.19 | $6.12 | ||
| Q1 25 | $0.15 | $4.05 | ||
| Q4 24 | $0.13 | $4.65 | ||
| Q3 24 | $0.20 | $5.71 | ||
| Q2 24 | $0.15 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $542.6M | $93.6B |
| Total Assets | $707.1M | — |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $16.3M | — | ||
| Q3 25 | $29.6M | — | ||
| Q2 25 | $35.0M | — | ||
| Q1 25 | $22.6M | — | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $48.8M | — | ||
| Q2 24 | $62.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $84.0M | $390.0M | ||
| Q3 25 | $85.2M | $390.6M | ||
| Q2 25 | $96.2M | $231.3M | ||
| Q1 25 | $97.4M | $231.7M | ||
| Q4 24 | $98.6M | $232.1M | ||
| Q3 24 | $98.7M | $237.5M | ||
| Q2 24 | $123.8M | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $542.6M | $934.0M | ||
| Q3 25 | $552.8M | $918.7M | ||
| Q2 25 | $548.3M | $896.4M | ||
| Q1 25 | $530.6M | $893.7M | ||
| Q4 24 | $554.5M | $897.5M | ||
| Q3 24 | $540.1M | $889.0M | ||
| Q2 24 | $532.7M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $707.1M | $4.3B | ||
| Q3 25 | $732.6M | $3.9B | ||
| Q2 25 | $731.8M | $3.7B | ||
| Q1 25 | $708.7M | $3.7B | ||
| Q4 24 | $746.4M | $4.0B | ||
| Q3 24 | $734.0M | $3.6B | ||
| Q2 24 | $756.8M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 0.42× | ||
| Q3 25 | 0.15× | 0.43× | ||
| Q2 25 | 0.18× | 0.26× | ||
| Q1 25 | 0.18× | 0.26× | ||
| Q4 24 | 0.18× | 0.26× | ||
| Q3 24 | 0.18× | 0.27× | ||
| Q2 24 | 0.23× | 0.29× |
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 | — |
| FCF MarginFCF / Revenue | 6.2% | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $20.0M | $-67.2M | ||
| Q3 25 | $33.2M | $108.3M | ||
| Q2 25 | $20.3M | $75.8M | ||
| Q1 25 | $10.1M | $-3.8M | ||
| Q4 24 | $16.6M | $1.8M | ||
| Q3 24 | $28.6M | $69.1M | ||
| Q2 24 | $18.7M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $14.9M | $-74.1M | ||
| Q3 25 | $27.6M | $106.9M | ||
| Q2 25 | $17.6M | $74.2M | ||
| Q1 25 | $8.4M | $-6.8M | ||
| Q4 24 | $13.2M | $-3.8M | ||
| Q3 24 | $27.5M | $68.7M | ||
| Q2 24 | $17.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | -35.6% | ||
| Q3 25 | 10.7% | 49.4% | ||
| Q2 25 | 7.3% | 35.2% | ||
| Q1 25 | 3.8% | -3.1% | ||
| Q4 24 | 6.1% | -1.6% | ||
| Q3 24 | 11.4% | 30.3% | ||
| Q2 24 | 7.8% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 3.3% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 0.8% | 1.4% | ||
| Q4 24 | 1.5% | 2.4% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 0.5% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | -1.99× | ||
| Q3 25 | 1.36× | 3.45× | ||
| Q2 25 | 1.02× | 1.77× | ||
| Q1 25 | 0.66× | -0.13× | ||
| Q4 24 | 1.15× | 0.04× | ||
| Q3 24 | 1.33× | 1.41× | ||
| Q2 24 | 1.19× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
