Saturday 17 October 2026
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OneSpaWorld Holdings Limited
OneSpaWorld Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $961.0 million, up 7.37% from fiscal 2024. In the quarter to June 2026, revenue grew 8.52%, EPS grew 21.1%, free cash flow grew 76.5% and total debt fell 15.2%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five.
23.87
0.04
−0.17%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | 9.50 | 9.50 | 9.96 | 2.45 | 8.15 | 6.80 | 8.96 | 11.98 | 14.21 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | 9.85 | 10.09 | 17.25 | 17.06 | 12.52 | 10.99 | 14.67 | 20.57 | 23.49 | |||||
| People | |||||||||||||||
| People | Employees | — | 3 | 3 | 2,498 | 4,298 | 2,905 | 4,452 | 5,024 | 5,191 | 5,395 | ||||
| Revenue/emp, $m | — | 168.90 | 180.26 | 0.23 | 0.03 | 0.05 | 0.12 | 0.16 | 0.17 | 0.18 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | 507 | 541 | 562 | 121 | 144 | 546 | 794 | 895 | 961 | ||||
| Gross margin, % | — | 13.09 | 14.35 | 13.92 | (15.14) | 5.86 | 15.30 | 16.00 | 16.70 | 16.56 | |||||
| EBT | — | 38 | 15 | (57) | (287) | (68) | 54 | (4) | 77 | 76 | |||||
| EBT margin, % | — | 7.60 | 2.74 | (10.09) | (237.47) | (47.28) | 9.85 | (0.57) | 8.59 | 7.92 | |||||
| Net income | — | 33 | 14 | (57) | (288) | (69) | 53 | (3) | 73 | 72 | |||||
| Depreciation | — | 10 | 11 | 23 | 216 | 23 | 23 | 24 | 25 | 26 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 0.00 | 9.20 | 1.63 | 1.60 | 5.91 | 8.12 | 8.60 | 9.31 | ||||
| Earnings | — | 0.00 | 0.01 | (0.93) | (3.77) | (0.76) | 0.57 | (0.03) | 0.70 | 0.69 | |||||
| Cash flow | — | 0.00 | 0.00 | 0.01 | (0.49) | (0.39) | 0.27 | 0.65 | 0.76 | 0.81 | |||||
| Capex | — | 0.00 | 0.00 | (0.06) | (0.03) | (0.03) | (0.05) | (0.06) | (0.06) | (0.15) | |||||
| Free cash flow | — | 0.00 | 0.00 | (0.05) | (0.52) | (0.42) | 0.22 | 0.59 | 0.69 | 0.66 | |||||
| Book value | — | 0.00 | 0.00 | 10.58 | 4.31 | 3.26 | 3.95 | 4.44 | 5.33 | 5.26 | |||||
| Shares, m | — | — | — | 61 | 74 | 90 | 93 | 98 | 104 | 103 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | 0.00 | 1,042.71 | 0.00 | 0.00 | 0.00 | 16.11 | 0.00 | 28.03 | 29.63 | ||||
| P/S | — | 0.00 | 0.14 | 1.83 | 6.24 | 6.27 | 1.55 | 1.72 | 2.31 | 2.23 | |||||
| P/B | — | 3,077.25 | 0.00 | 1.59 | 2.35 | 3.07 | 2.32 | 3.14 | 3.73 | 3.94 | |||||
| EV/Sales | — | 0.00 | 0.76 | 2.20 | 7.79 | 7.64 | 1.88 | 1.88 | 2.36 | 2.30 | |||||
| EV/FCF | — | 0.00 | 15.04 | (432.11) | (24.35) | (28.99) | 51.60 | 25.81 | 29.28 | 32.31 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | 70 | 32 | 1 | (37) | (35) | 25 | 63 | 79 | 84 | ||||
| Capex | — | (3) | (5) | (3) | (2) | (3) | (5) | (5) | (7) | (15) | |||||
| Free cash flow | — | 67 | 27 | (3) | (39) | (38) | 20 | 58 | 72 | 68 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 1 | 38 | 39 | 45 | 37 | 48 | 46 | 82 | 66 | ||||
| Total debt | — | — | 352 | 221 | 229 | 230 | 213 | 158 | 99 | 84 | |||||
| Net debt | — | (1) | 337 | 208 | 186 | 198 | 180 | 129 | 40 | 66 | |||||
| Shareholders’ equity | — | 5 | (128) | 646 | 321 | 294 | 366 | 434 | 554 | 543 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | 10.30 | 3.27 | (10.15) | (35.42) | (9.85) | 7.56 | (0.42) | 10.03 | 9.85 | ||||
| ROIC | — | 617.52 | 14.47 | (1.01) | (32.68) | (6.62) | 1.73 | 6.01 | 8.21 | 8.38 | |||||
| ROE | — | (49.33) | (16.13) | (23.41) | (59.55) | (22.29) | 16.12 | (0.74) | 14.74 | 13.06 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| MAT Mattel, Inc. | $5.0B | 12.5× | 8.6× | +10.48% (above 0%: growing) | n/m | +29.42% (above 0%: growing) | 48.17% | 0.97% | Compare |
| GOLF Acushnet | $4.6B | 21.8× | 24.0× | +13.81% (above 0%: growing) | +65.87% (above 0%: growing) | +68.88% (above 0%: growing) | 54.37% | 21.54% | Compare |
| PLNT Planet Fitness, Inc. | $3.7B | 17.3× | 17.5× | +7.14% (above 0%: growing) | +26.09% (above 0%: growing) | −35.08% (below 0%: shrinking) | 82.34% | 33.90% | Compare |
| YETI YETI Holdings, Inc. | $3.1B | 18.5× | 19.1× | +8.52% (above 0%: growing) | +53.23% (above 0%: growing) | −18.84% (below 0%: shrinking) | 66.66% | 19.33% | Compare |
| CALY Callaway Golf Company | $2.5B | 28.2× | 24.7× | +1.97% (above 0%: growing) | +281.82% (above 0%: growing) | +101.95% (above 0%: growing) | 50.10% | 18.75% | Compare |
| OSW OneSpaWorld Holdings Limited | $2.4B | 29.8× | 26.8× | +8.52% (above 0%: growing) | +21.05% (above 0%: growing) | +76.52% (above 0%: growing) | 17.06% | 9.38% | |
| PTON Peloton Interactive, Inc. | $2.3B | 37.3× | 20.9× | +0.15% (above 0%: growing) | +180.00% (above 0%: growing) | −21.00% (below 0%: shrinking) | 56.66% | 13.38% | Compare |
| PRKS United Parks & Resorts Inc. | $1.5B | 12.6× | 11.4× | −1.41% (below 0%: shrinking) | −6.85% (below 0%: shrinking) | −20.51% (below 0%: shrinking) | 47.49% | 24.23% | Compare |
| FUN Six Flags Entertainment Corporation | $874.8M | — (loss-making) | — (loss-making) | −7.04% (below 0%: shrinking) | n/m | +2,014.46% (above 0%: growing) | 91.30% | 10.24% | Compare |
| Median of peers | $2.8B | 18.5× | 19.1× | +4.56% | +59.55% | +5.29% | 55.52% | 19.04% |
OneSpaWorld Holdings Limited (OSW) key facts
- Strength: OneSpaWorld Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $961.0 million, up 7.37% from fiscal 2024.
- OneSpaWorld Holdings Limited (OSW) is a Leisure company in the Consumer Cyclical sector, listed on Nasdaq.
- As of October 16, 2026, OSW traded at $23.87, a market capitalization of $2.4 billion.
- OneSpaWorld Holdings Limited pays an annual dividend of $0.20 per share, a yield of 0.84%, with a payout ratio of 25.3%.
- Return on equity was 13.1% and debt-to-equity 0.14.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 9.16 (safe zone) for fiscal 2025.