Pricing Log in Create free account
Friday 6 November 2026 Export OSW’s income statement to Excel — free account

OneSpaWorld Holdings Limited

OSW Consumer Cyclical Leisure

OneSpaWorld Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $961.0 million, up 7.37% from fiscal 2024.

Revenue
+6.97%
EPS
+16.0%
Free cash flow
+58.2%
Total debt
−17.2%

Quarter to September 2026, against a year earlier

30.66 0.63 −2.01%
Market cap
$3.1B
P/E
36.6×
Fwd P/E
32.6×
Dividend yield
0.65%
F-score
6/9
Altman Z
9.16
Beneish M
−2.47
Dividend safety
74/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 10.16
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 4 — — 1 — 2 4 — 2 — — —
Insider Ownership 4.94%

Capital & Financial Ratios $m

Size
Market Cap 3,080.00
Revenue ttm 1,027.54
Net income ttm 84.85
Free cash flow ttm 94.26
Net debt Q 38.38
Valuation
P/E 36.57 (above 35: high)
Forward P/E 32.60
Price / sales 3.03
Forward P/S Powerpack
Price / FCF 32.99
Price / book 5.45
Financial health
Current ratio Q 2.22 (at or above 1.5: strong)
Debt / equity Q 0.12 (at or below 0.5: strong)
Interest coverage Q 25.40
Growth
Revenue growth Q +6.97% (above 0%: growing)
Operating income growth Q +13.87% (above 0%: growing)
EPS, this year +18.18% (at or above 15%: strong)
EPS, next year A +12.96%
Revenue, next year A +7.91%
EPS, past 5 yrs —
EPS, next 5 yrs A +15.36% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.1×, against a ten-year median of 2.3×; over the ten years it ranged from 0.6× in 2019 to 94.7× in 2021.
P/E against its own 10 years 83.56%
10-year low 10-year high
P/S against its own 10 years 80.70%
10-year low 10-year high
P/B against its own 10 years 87.22%
10-year low 10-year high
EV/Sales against its own 10 years 78.42%
10-year low 10-year high
EV/FCF against its own 10 years 60.76%
10-year low 10-year high

Dividends raised 3 years running

Yield
0.65%
Annual rate
0.20
Payout ratio
23.9%
Growth, 2020–26
+32.1%/yr
  1. 0.04 ’20
  2. 0.00 ’21 −100
  3. 0.00 ’22
  4. 0.00 ’23
  5. 0.08 ’24
  6. 0.17 ’25 +113
  7. 0.21 ’26 +25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 29 59 18 32
Receivables 41 46 48 51
Inventory 48 47 59 60
Other 6 6 7 10
127 162 138 161
2023 2024 2025 Q'26
Payables 32 30 32 31
ST’ Debt — 5 — —
Other 1 1 1 1
81 79 72 73

Compound Annual Growth %

10y 5y 3y
Sales — 51.37% 20.72%
Cash Flow — 0.00% 49.97%
Earnings — 0.00% 10.45%
Book Value — 11.08% 14.04%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.32 Actual 0.34

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.26 0.24 Miss by 0.02
Q1 FY26 0.25 0.27 Beat by 0.02
Q2 FY26 0.29 0.29 Met by 0.00
Q3 FY26 0.32 0.34 Beat by 0.02
Q4 FY26 0.27 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.21 0.23 0.28 — —
’25 0.15 0.19 0.23 0.12 0.69
’24 0.21 0.15 0.20 0.14 0.69
’23 (0.17) (0.03) 0.23 (0.07) (0.03)
’22 (0.07) 0.46 0.06 (0.03) 0.49
’21 (0.52) 0.00 (0.14) (0.12) (0.76)
’20 (2.41) (0.31) (0.56) (0.33) (3.77)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 248 261 277 — —
’25 220 241 259 242 961
’24 211 225 242 217 895
’23 182 201 216 195 794
’22 88 127 162 169 546
’21 6 9 44 86 144
’20 114 1 2 4 121
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 9 33 46 — —
’25 10 20 33 20 84
’24 15 19 29 17 79
’23 2 25 19 17 63
’22 (1) 5 13 8 25
’21 (9) (11) (12) (4) (35)
’20 4 (13) (11) (16) (37)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 5 31 44 — —
’25 8 18 28 15 68
’24 14 18 27 13 72
’23 1 24 18 14 58
’22 (1) 4 11 6 20
’21 (9) (11) (12) (5) (38)
’20 3 (13) (12) (17) (39)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 507 541 562 121 144 546 794 895 961 1,028 +8.3% 1,037 1,129 1,212 +8.0%
Gross margin, % — 13.09 14.35 13.92 (15.14) 5.86 15.30 16.00 16.70 16.56 17.10 +3.5 pt
EBT — 38 15 (57) (287) (68) 54 (4) 77 76 89 +8.9%
EBT margin, % — 7.60 2.74 (10.09) (237.47) (47.28) 9.85 (0.57) 8.59 7.92 8.63 +0.3 pt
Net income — 33 14 (57) (288) (69) 53 (3) 73 72 85 +10.1%
Per share, $
Per share, $ Revenue — 0.00 0.00 9.20 1.63 1.60 5.91 8.12 8.60 9.31 10.13 n/m
Earnings — 0.00 0.01 (0.93) (3.77) (0.76) 0.57 (0.03) 0.70 0.69 0.84 n/m
Cash flow — 0.00 0.00 0.01 (0.49) (0.39) 0.27 0.65 0.76 0.81 1.07 n/m
Capex — 0.00 0.00 (0.06) (0.03) (0.03) (0.05) (0.06) (0.06) (0.15) (0.14) n/m
Free cash flow — 0.00 0.00 (0.05) (0.52) (0.42) 0.22 0.59 0.69 0.66 0.93 n/m
Book value — 0.00 0.00 10.58 4.31 3.26 3.95 4.44 5.33 5.26 5.63 n/m
Shares, m — — — 61 74 90 93 98 104 103 102 +9.1%
Valuation, ×
Valuation, × P/E — 0.00 1,042.71 0.00 0.00 0.00 16.11 0.00 28.03 29.63 36.57 124.1
P/S — 0.00 0.14 1.83 6.24 6.27 1.55 1.72 2.31 2.23 3.03 2.5
P/B — 3,077.25 0.00 1.59 2.35 3.07 2.32 3.14 3.73 3.94 5.45 344.2
EV/Sales — 0.00 0.76 2.20 7.79 7.64 1.88 1.88 2.36 2.30 3.07 3.0
EV/FCF — 0.00 15.04 (432.11) (24.35) (28.99) 51.60 25.81 29.28 32.31 33.45 (36.8)
Cash, $m
Cash, $m Operating cash flow — 70 32 1 (37) (35) 25 63 79 84 108 +2.2%
Capex — (3) (5) (3) (2) (3) (5) (5) (7) (15) (14) +24.1%
Free cash flow — 67 27 (3) (39) (38) 20 58 72 68 94 +0.2%
Balance, $m
Balance, $m Working capital — 1 38 39 45 37 48 46 82 66 88 +64.9%
Net debt — (1) 337 208 186 198 180 129 40 66 38 n/m
Shareholders’ equity — 5 (128) 646 321 294 366 434 554 543 571 +79.7%
Returns, %
Returns, % ROA — 10.30 3.27 (10.15) (35.42) (9.85) 7.56 (0.42) 10.03 9.85 11.67 (0.4) pt
ROIC — 617.52 14.47 (1.01) (32.68) (6.62) 1.73 6.01 8.21 8.38 9.61 (609.1) pt
ROE — (49.33) (16.13) (23.41) (59.55) (22.29) 16.12 (0.74) 14.74 13.06 15.10 +62.4 pt
People
People Employees — 3 3 2,498 4,298 2,905 4,452 5,024 5,191 5,395 — +155.2%
Revenue/emp, $m — 168.90 180.26 0.23 0.03 0.05 0.12 0.16 0.17 0.18 — (57.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

OneSpaWorld Holdings Limited vs peers in Leisure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LTH Life Time Group Holdings, Inc. $10.7B 25.2× 27.6× +14.17% (above 0%: growing) +1.13% (above 0%: growing) −193.08% (below 0%: shrinking) 46.89% 17.68% Compare
GOLF Acushnet $4.9B 22.5× 21.3× −1.28% (below 0%: shrinking) +4.56% (above 0%: growing) +39.79% (above 0%: growing) 49.59% 12.37% Compare
PLNT Planet Fitness, Inc. $4.5B 20.4× 18.0× +8.97% (above 0%: growing) +26.09% (above 0%: growing) −62.29% (below 0%: shrinking) 81.84% 28.19% Compare
MAT Mattel, Inc. $4.3B 10.9× 9.7× +10.48% (above 0%: growing) n/m +29.42% (above 0%: growing) 48.17% 0.97% Compare
YETI YETI Holdings, Inc. $3.4B 20.1× 15.1× +8.52% (above 0%: growing) +53.23% (above 0%: growing) −18.84% (below 0%: shrinking) 66.66% 19.33% Compare
OSW OneSpaWorld Holdings Limited $3.1B 36.6× 32.6× +6.97% (above 0%: growing) +16.04% (above 0%: growing) +58.18% (above 0%: growing) 17.97% 10.83%
CALY Callaway Golf Company $2.8B — (loss-making) 25.8× +1.97% (above 0%: growing) +281.82% (above 0%: growing) +101.95% (above 0%: growing) 50.10% 18.75% Compare
PTON Peloton Interactive, Inc. $2.5B 17.2× 16.2× +1.53% (above 0%: growing) +633.33% (above 0%: growing) +112.76% (above 0%: growing) 61.27% 0.00% Compare
PRKS United Parks & Resorts Inc. $1.7B 14.6× 10.4× −1.41% (below 0%: shrinking) −6.85% (below 0%: shrinking) −20.51% (below 0%: shrinking) 47.49% 24.23% Compare
Median of peers $3.9B 20.1× 17.1× +5.25% +26.09% +5.29% 49.85% 18.22%

All 28 Leisure stocks →

OneSpaWorld Holdings Limited (OSW) Latest News

30 Oct

Impact 3 · · Simply Wall St.

29 Oct

Impact 4 · · Simply Wall St.

28 Oct

Impact 4 · · Moby transcript
Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat transcript
Impact 4 · · Business Wire earnings
Impact 3 · · The Motley Fool
Impact 3 · · Associated Press
Impact 3 · · Insider Monkey
Impact 3 · · Zacks

21 Oct

Impact 3 · · Business Wire

8 Oct

Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · Insider Monkey

16 Aug

Impact 4 · · MarketBeat

7 Aug

Impact 4 · · The Motley Fool transcript

30 Jul

Impact 3 · · Moby transcript

29 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·

27 Jul

Impact 3 ·

30 Jun

Impact 3 ·

8 May

Impact 4 · · Simply Wall St.

4 May

Impact 4 · · The Motley Fool transcript

30 Apr

Impact 4 ·
Impact 4 · · Moby
Impact 4 ·

29 Apr

Impact 4 · · Business Wire
Impact 3 · · MarketBeat
Impact 3 · · Zacks

OSW metrics, ten years each

stockrow.com/OSW · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com