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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and ZIFF DAVIS, INC. (ZD). Click either name above to swap in a different company.

ZIFF DAVIS, INC. is the larger business by last-quarter revenue ($406.7M vs $242.1M, roughly 1.7× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 0.1%, a 4.9% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -1.5%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $14.9M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% CAGR vs 7.1%).

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

OSW vs ZD — Head-to-Head

Bigger by revenue
ZD
ZD
1.7× larger
ZD
$406.7M
$242.1M
OSW
Growing faster (revenue YoY)
OSW
OSW
+13.0% gap
OSW
11.5%
-1.5%
ZD
Higher net margin
OSW
OSW
4.9% more per $
OSW
5.0%
0.1%
ZD
More free cash flow
ZD
ZD
$142.9M more FCF
ZD
$157.8M
$14.9M
OSW
Faster 2-yr revenue CAGR
ZD
ZD
Annualised
ZD
13.7%
7.1%
OSW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OSW
OSW
ZD
ZD
Revenue
$242.1M
$406.7M
Net Profit
$12.1M
$370.0K
Gross Margin
85.9%
Operating Margin
6.8%
21.2%
Net Margin
5.0%
0.1%
Revenue YoY
11.5%
-1.5%
Net Profit YoY
-16.2%
-99.4%
EPS (diluted)
$0.12
$0.06

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
ZD
ZD
Q4 25
$242.1M
$406.7M
Q3 25
$258.5M
$363.7M
Q2 25
$240.7M
$352.2M
Q1 25
$219.6M
$328.6M
Q4 24
$217.2M
$412.8M
Q3 24
$241.7M
$353.6M
Q2 24
$224.9M
$320.8M
Q1 24
$211.2M
$314.5M
Net Profit
OSW
OSW
ZD
ZD
Q4 25
$12.1M
$370.0K
Q3 25
$24.3M
$-3.6M
Q2 25
$19.9M
$26.3M
Q1 25
$15.3M
$24.2M
Q4 24
$14.4M
$64.1M
Q3 24
$21.6M
$-48.6M
Q2 24
$15.8M
$36.9M
Q1 24
$21.2M
$10.6M
Gross Margin
OSW
OSW
ZD
ZD
Q4 25
85.9%
Q3 25
85.4%
Q2 25
86.1%
Q1 25
85.6%
Q4 24
87.1%
Q3 24
85.5%
Q2 24
84.4%
Q1 24
85.4%
Operating Margin
OSW
OSW
ZD
ZD
Q4 25
6.8%
21.2%
Q3 25
10.2%
7.8%
Q2 25
9.2%
9.5%
Q1 25
7.7%
10.7%
Q4 24
7.9%
19.0%
Q3 24
10.3%
-8.3%
Q2 24
8.4%
8.9%
Q1 24
8.0%
11.4%
Net Margin
OSW
OSW
ZD
ZD
Q4 25
5.0%
0.1%
Q3 25
9.4%
-1.0%
Q2 25
8.3%
7.5%
Q1 25
7.0%
7.4%
Q4 24
6.6%
15.5%
Q3 24
8.9%
-13.7%
Q2 24
7.0%
11.5%
Q1 24
10.0%
3.4%
EPS (diluted)
OSW
OSW
ZD
ZD
Q4 25
$0.12
$0.06
Q3 25
$0.23
$-0.09
Q2 25
$0.19
$0.62
Q1 25
$0.15
$0.56
Q4 24
$0.13
$1.53
Q3 24
$0.20
$-1.11
Q2 24
$0.15
$0.77
Q1 24
$0.21
$0.23

Balance Sheet & Financial Strength

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

Metric
OSW
OSW
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$16.3M
$607.0M
Total DebtLower is stronger
$84.0M
$866.5M
Stockholders' EquityBook value
$542.6M
$1.8B
Total Assets
$707.1M
$3.7B
Debt / EquityLower = less leverage
0.15×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSW
OSW
ZD
ZD
Q4 25
$16.3M
$607.0M
Q3 25
$29.6M
$503.4M
Q2 25
$35.0M
$457.3M
Q1 25
$22.6M
$431.0M
Q4 24
$57.4M
$505.9M
Q3 24
$48.8M
$386.1M
Q2 24
$62.5M
$687.2M
Q1 24
$65.4M
$751.2M
Total Debt
OSW
OSW
ZD
ZD
Q4 25
$84.0M
$866.5M
Q3 25
$85.2M
Q2 25
$96.2M
Q1 25
$97.4M
Q4 24
$98.6M
$864.3M
Q3 24
$98.7M
Q2 24
$123.8M
Q1 24
$138.6M
Stockholders' Equity
OSW
OSW
ZD
ZD
Q4 25
$542.6M
$1.8B
Q3 25
$552.8M
$1.8B
Q2 25
$548.3M
$1.8B
Q1 25
$530.6M
$1.8B
Q4 24
$554.5M
$1.8B
Q3 24
$540.1M
$1.8B
Q2 24
$532.7M
$1.9B
Q1 24
$515.5M
$1.9B
Total Assets
OSW
OSW
ZD
ZD
Q4 25
$707.1M
$3.7B
Q3 25
$732.6M
$3.5B
Q2 25
$731.8M
$3.5B
Q1 25
$708.7M
$3.5B
Q4 24
$746.4M
$3.7B
Q3 24
$734.0M
$3.4B
Q2 24
$756.8M
$3.7B
Q1 24
$763.6M
$3.7B
Debt / Equity
OSW
OSW
ZD
ZD
Q4 25
0.15×
0.49×
Q3 25
0.15×
Q2 25
0.18×
Q1 25
0.18×
Q4 24
0.18×
0.48×
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
ZD
ZD
Operating Cash FlowLast quarter
$20.0M
$191.1M
Free Cash FlowOCF − Capex
$14.9M
$157.8M
FCF MarginFCF / Revenue
6.2%
38.8%
Capex IntensityCapex / Revenue
2.1%
8.2%
Cash ConversionOCF / Net Profit
1.65×
516.44×
TTM Free Cash FlowTrailing 4 quarters
$68.4M
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OSW
OSW
ZD
ZD
Q4 25
$20.0M
$191.1M
Q3 25
$33.2M
$138.3M
Q2 25
$20.3M
$57.1M
Q1 25
$10.1M
$20.6M
Q4 24
$16.6M
$158.2M
Q3 24
$28.6M
$106.0M
Q2 24
$18.7M
$50.6M
Q1 24
$15.0M
$75.6M
Free Cash Flow
OSW
OSW
ZD
ZD
Q4 25
$14.9M
$157.8M
Q3 25
$27.6M
$108.2M
Q2 25
$17.6M
$26.9M
Q1 25
$8.4M
$-5.0M
Q4 24
$13.2M
$131.1M
Q3 24
$27.5M
$80.1M
Q2 24
$17.6M
$25.1M
Q1 24
$13.7M
$47.4M
FCF Margin
OSW
OSW
ZD
ZD
Q4 25
6.2%
38.8%
Q3 25
10.7%
29.7%
Q2 25
7.3%
7.6%
Q1 25
3.8%
-1.5%
Q4 24
6.1%
31.8%
Q3 24
11.4%
22.7%
Q2 24
7.8%
7.8%
Q1 24
6.5%
15.1%
Capex Intensity
OSW
OSW
ZD
ZD
Q4 25
2.1%
8.2%
Q3 25
2.2%
8.3%
Q2 25
1.1%
8.6%
Q1 25
0.8%
7.8%
Q4 24
1.5%
6.6%
Q3 24
0.5%
7.3%
Q2 24
0.5%
8.0%
Q1 24
0.6%
8.9%
Cash Conversion
OSW
OSW
ZD
ZD
Q4 25
1.65×
516.44×
Q3 25
1.36×
Q2 25
1.02×
2.17×
Q1 25
0.66×
0.85×
Q4 24
1.15×
2.47×
Q3 24
1.33×
Q2 24
1.19×
1.37×
Q1 24
0.71×
7.11×

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%

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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