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OneSpaWorld (OSW) Financials

OneSpaWorld logo
$26.21 -0.32 (-1.21%)
Closing price 04:00 PM Eastern
Extended Trading
$26.20 -0.01 (-0.02%)
As of 04:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for OneSpaWorld

Annual Income Statements for OneSpaWorld

This table shows OneSpaWorld's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 31 9.89 -288 -69 53 -2.97 73 72
Consolidated Net Income / (Loss)		 33 14 -288 -69 53 -2.97 73 72
Net Income / (Loss) Continuing Operations		 33 14 -288 -69 53 -2.97 73 72
Total Pre-Tax Income 		38 15 -287 -68 54 -4.50 77 76
Total Operating Income		 38 49 -265 -52 15 54 78 82
Total Gross Profit		 51 78 -18 8.45 84 127 149 159
Total Revenue		 507 541 121 144 546 794 895 961
Operating Revenue		 507 541 121 144 546 794 895 961
Total Cost of Revenue		 456 463 139 136 463 667 746 802
Operating Cost of Revenue		 456 463 139 136 463 667 746 802
Total Operating Expenses		 13 29 247 61 68 73 71 78
Selling, General & Admin Expense		 9.22 9.94 19 16 16 17 19 18
Amortization Expense		 3.52 3.52 17 17 17 17 17 17
Other Operating Expenses / (Income)		 - 16 20 28 36 37 36 37
Impairment Charge		 - 0.00 191 0.00 0.00 2.13 0.38 3.15
Restructuring Charge		 - - - - - 0.00 0.00 2.70
Total Other Income / (Expense), net		 0.19 -34 -22 -16 39 -59 -1.20 -5.53
Interest Expense		 0.00 0.00 0.00 13 16 21 10 5.67
Interest & Investment Income		 0.41 0.24 0.03 0.06 0.00 0.28 1.17 0.49
Other Income / (Expense), net		 -0.22 -34 -22 -2.60 54 -38 7.68 -0.35
Income Tax Expense		 5.26 1.09 0.81 0.43 0.62 -1.53 3.99 4.49
Basic Earnings per Share		 $0.00 $0.00 ($3.87) ($0.76) $0.57 ($0.03) $0.70 $0.69
Weighted Average Basic Shares Outstanding		 0.00 0.00 74.36M 90.13M 92.51M 97.83M 104.02M 103.19M
Diluted Earnings per Share		 $0.00 $0.00 ($3.87) ($0.76) $0.49 ($0.03) $0.69 $0.69
Weighted Average Diluted Shares Outstanding		 0.00 0.00 74.36M 90.13M 95.11M 97.83M 104.94M 103.67M
Weighted Average Basic & Diluted Shares Outstanding		 - - 74.36M 90.13M 92.97M 100.38M 104.67M 101.45M

Quarterly Income Statements for OneSpaWorld

This table shows OneSpaWorld's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -7.30 21 16 22 14 15 20 24 12 21 23
Consolidated Net Income / (Loss)		 -7.30 21 16 22 14 15 20 24 12 21 23
Net Income / (Loss) Continuing Operations		 -7.30 21 16 22 14 15 20 24 12 21 23
Total Pre-Tax Income 		-6.63 22 17 23 16 16 21 25 15 22 23
Total Operating Income		 13 17 19 25 17 17 22 26 16 23 25
Total Gross Profit		 32 34 37 42 37 36 39 44 40 42 45
Total Revenue		 195 211 225 242 217 220 241 259 242 248 261
Operating Revenue		 195 211 225 242 217 220 241 259 242 248 261
Total Cost of Revenue		 162 178 188 200 180 183 201 215 202 206 217
Operating Cost of Revenue		 162 178 188 200 180 183 201 215 202 206 217
Total Operating Expenses		 20 17 18 17 20 19 17 17 24 19 20
Selling, General & Admin Expense		 4.35 4.06 4.74 4.24 5.79 4.21 4.41 4.57 4.87 6.20 7.19
Amortization Expense		 4.21 4.14 4.14 4.14 4.14 4.13 4.13 4.13 4.11 4.07 4.06
Other Operating Expenses / (Income)		 9.10 8.49 9.23 8.56 9.35 11 8.82 8.40 8.87 8.36 8.81
Total Other Income / (Expense), net		 -19 4.77 -2.27 -2.50 -1.21 -1.15 -1.40 -1.38 -1.60 -1.17 -1.07
Interest Expense		 8.71 2.96 2.22 2.50 2.38 1.15 1.40 1.38 1.74 1.17 1.07
Income Tax Expense		 0.67 0.58 0.81 0.97 1.63 0.42 0.79 0.58 2.71 0.37 0.23
Basic Earnings per Share		 ($0.06) $0.21 $0.15 $0.21 $0.13 $0.15 $0.19 $0.24 $0.11 $0.21 $0.23
Weighted Average Basic Shares Outstanding		 97.83M 101.47M 105.12M 104.88M 104.02M 104.60M 103.21M 103.16M 103.19M 101.99M 102.05M
Diluted Earnings per Share		 $0.01 $0.21 $0.15 $0.20 $0.13 $0.15 $0.19 $0.23 $0.12 $0.21 $0.23
Weighted Average Diluted Shares Outstanding		 97.83M 102.93M 105.77M 105.59M 104.94M 105.08M 103.62M 103.62M 103.67M 102.31M 102.48M
Weighted Average Basic & Diluted Shares Outstanding		 100.38M 104.71M 104.71M 103.98M 104.67M 102.70M 102.70M 101.95M 101.45M 101.51M 101.50M

Annual Cash Flow Statements for OneSpaWorld

This table details how cash moves in and out of OneSpaWorld's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.94 6.85 30 -11 0.43 -4.36 30 -41
Net Cash From Operating Activities		 70 32 -37 -35 25 63 79 84
Net Cash From Continuing Operating Activities		 70 32 -37 -35 25 63 79 84
Net Income / (Loss) Continuing Operations		 33 14 -288 -69 53 -2.97 73 72
Consolidated Net Income / (Loss)		 33 14 -288 -69 53 -2.97 73 72
Depreciation Expense		 9.83 10 24 22 22 22 24 25
Amortization Expense		 0.00 1.24 1.03 1.03 1.10 1.46 0.78 0.42
Non-Cash Adjustments To Reconcile Net Income		 12 12 209 18 -41 50 2.64 14
Changes in Operating Assets and Liabilities, net		 15 -4.40 16 -7.99 -10 -7.10 -22 -28
Net Cash From Investing Activities		 -2.68 -4.98 -2.13 -2.87 -4.83 -5.42 -6.74 -17
Net Cash From Continuing Investing Activities		 -2.68 -4.98 -2.13 -2.87 -4.83 -5.42 -6.74 -17
Purchase of Property, Plant & Equipment		 -2.68 -4.98 -2.13 -2.87 -4.83 -5.42 -6.74 -15
Divestitures		 - - - - - - 0.00 -1.64
Net Cash From Financing Activities		 -65 -21 69 27 -19 -63 -42 -108
Net Cash From Continuing Financing Activities		 -65 -21 69 27 -19 -63 -42 -108
Repayment of Debt		 0.00 0.00 -13 0.00 -19 -56 -161 -15
Repurchase of Common Equity		 - 0.00 -0.88 0.00 0.00 -9.04 -19 -75
Payment of Dividends		 -65 -21 -17 0.00 0.00 0.00 -8.33 -17
Issuance of Common Equity		 0.00 0.00 69 27 0.00 0.00 0.00 0.00
Other Financing Activities, net		 0.00 0.00 11 0.00 0.06 2.43 146 0.00
Effect of Exchange Rate Changes		 - - -0.28 -0.12 -0.79 0.34 -0.11 -0.02
Cash Interest Paid		 0.00 30 12 13 14 21 11 6.10
Cash Income Taxes Paid		 0.36 1.04 0.12 0.16 0.43 4.72 3.26 2.86

Quarterly Cash Flow Statements for OneSpaWorld

This table details how cash moves in and out of OneSpaWorld's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 0.90 38 -2.92 -14 8.78 -35 12 -5.47 -13 -0.23 24
Net Cash From Operating Activities		 17 15 19 29 17 10 20 33 20 9.09 33
Net Cash From Continuing Operating Activities		 17 15 19 29 17 10 20 33 20 9.09 33
Net Income / (Loss) Continuing Operations		 -7.30 21 16 22 14 15 20 24 12 21 23
Consolidated Net Income / (Loss)		 -7.30 21 16 22 14 15 20 24 12 21 23
Depreciation Expense		 5.54 6.21 5.87 6.01 6.19 6.18 6.25 6.41 6.49 6.74 7.39
Amortization Expense		 0.24 0.35 0.27 0.09 0.08 0.08 0.08 0.20 0.06 0.07 0.08
Non-Cash Adjustments To Reconcile Net Income		 16 -5.63 2.28 2.66 3.32 3.57 2.16 2.26 5.99 2.56 2.47
Changes in Operating Assets and Liabilities, net		 2.54 -7.15 -5.49 -1.70 -7.43 -15 -8.13 -0.06 -4.65 -22 0.14
Net Cash From Investing Activities		 -2.54 -1.21 -1.12 -1.11 -3.31 -1.70 -2.73 -5.60 -6.69 -3.02 -2.29
Net Cash From Continuing Investing Activities		 -2.54 -1.21 -1.12 -1.11 -3.31 -1.70 -2.73 -5.60 -6.69 -3.02 -2.29
Purchase of Property, Plant & Equipment		 -2.54 -1.21 -1.12 -1.11 -3.31 -1.70 -2.73 -5.60 -5.05 -4.35 -2.29
Net Cash From Financing Activities		 -14 24 -20 -41 -4.35 -43 -5.36 -33 -26 -6.33 -6.71
Net Cash From Continuing Financing Activities		 -14 24 -20 -41 -4.35 -43 -5.36 -33 -26 -6.33 -6.71
Repayment of Debt		 -5.00 -20 -15 -126 -0.19 -1.26 -1.25 -11 -1.25 -1.25 -1.26
Repurchase of Common Equity		 -9.04 -7.74 - -11 - -38 - -18 -20 0.00 -0.38
Payment of Dividends		 - 0.00 - - -4.16 -4.19 -4.11 -4.11 -5.06 -5.08 -5.08
Effect of Exchange Rate Changes		 0.24 -0.02 -0.07 - - 0.10 0.22 -0.05 -0.29 0.02 -0.01
Cash Interest Paid		 3.85 3.73 3.26 2.69 1.69 1.56 1.60 1.61 1.33 1.20 1.25
Cash Income Taxes Paid		 3.97 0.02 2.22 0.87 0.15 0.85 1.10 0.09 0.84 0.49 0.86

Annual Balance Sheets for OneSpaWorld

This table presents OneSpaWorld's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 273 924 702 689 717 706 746 707
Total Current Assets		 81 91 82 89 118 127 162 138
Cash & Equivalents		 15 14 42 31 32 28 57 16
Restricted Cash		 - 0.00 1.90 1.90 1.20 1.20 1.20 1.20
Accounts Receivable		 25 31 2.99 19 34 41 46 48
Inventories, net		 32 36 27 29 40 48 47 59
Prepaid Expenses		 6.62 7.66 6.95 6.57 7.08 3.17 3.85 6.18
Other Current Assets		 1.42 2.57 1.59 0.58 4.15 6.36 6.01 7.23
Plant, Property, & Equipment, net		 16 23 17 14 15 15 18 27
Total Noncurrent Assets		 175 810 603 586 585 564 567 542
Intangible Assets		 132 617 599 582 565 547 530 511
Noncurrent Deferred & Refundable Income Taxes		 4.27 2.05 0.10 0.07 0.23 2.34 1.23 0.33
Other Noncurrent Operating Assets		 5.81 1.51 3.83 3.45 19 15 36 31
Total Liabilities & Shareholders' Equity		 273 924 702 689 717 706 746 707
Total Liabilities		 400 333 381 395 352 272 192 165
Total Current Liabilities		 43 51 37 52 70 81 79 72
Short-Term Debt		 - - 0.00 1.78 2.09 0.00 5.00 0.00
Accounts Payable		 14 23 8.60 16 24 32 30 32
Accrued Expenses		 27 24 26 32 40 46 41 37
Other Current Liabilities		 1.21 3.50 2.71 2.01 3.36 3.16 3.44 2.75
Total Noncurrent Liabilities		 357 282 344 343 282 191 113 93
Long-Term Debt		 352 221 229 229 211 158 94 84
Noncurrent Deferred Revenue		 4.56 4.11 4.68 4.47 3.91 0.00 0.00 0.00
Other Noncurrent Operating Liabilities		 - 56 110 110 67 33 19 8.60
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -128 590 321 294 366 434 554 543
Total Preferred & Common Equity		 -131 582 321 294 366 434 554 543
Total Common Equity		 -131 582 321 294 366 434 554 543
Common Stock		 0.00 617 650 688 701 777 834 796
Retained Earnings		 0.00 -35 -323 -392 -339 -344 -280 -253
Accumulated Other Comprehensive Income / (Loss)		 -0.65 0.72 -5.48 -2.00 3.80 1.46 0.40 -0.32

Quarterly Balance Sheets for OneSpaWorld

This table presents OneSpaWorld's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 722 714 715 764 757 734 709 732 733 710 730
Total Current Assets		 127 125 132 164 162 145 129 153 155 144 169
Cash & Equivalents		 23 29 27 65 62 49 23 35 30 16 40
Restricted Cash		 1.20 1.20 1.20 1.20 1.20 1.20 1.20 1.20 1.20 1.20 1.20
Accounts Receivable		 42 37 48 44 46 42 45 47 48 49 54
Inventories, net		 51 45 44 45 43 43 50 56 63 64 57
Prepaid Expenses		 6.40 8.52 8.21 3.08 3.97 4.33 3.76 6.06 6.47 7.71 8.87
Other Current Assets		 4.19 4.45 4.44 5.67 5.60 4.77 7.09 7.38 6.88 5.78 8.26
Plant, Property, & Equipment, net		 15 15 14 15 15 16 18 20 24 29 30
Total Noncurrent Assets		 579 574 569 585 579 574 561 559 553 537 531
Intangible Assets		 561 557 553 543 539 535 526 522 517 507 503
Noncurrent Deferred & Refundable Income Taxes		 0.00 0.00 0.00 2.34 2.34 2.34 1.23 1.23 1.23 0.33 0.33
Other Noncurrent Operating Assets		 18 17 16 40 38 37 34 36 34 29 27
Total Liabilities & Shareholders' Equity		 722 714 715 764 757 734 709 732 733 710 730
Total Liabilities		 370 291 267 248 224 194 178 183 180 148 148
Total Current Liabilities		 76 73 81 88 80 79 75 81 84 57 58
Short-Term Debt		 2.09 0.00 0.00 - 0.00 3.75 5.00 5.00 0.00 0.00 0.00
Accounts Payable		 39 32 32 39 35 30 30 33 35 25 22
Accrued Expenses		 32 38 46 46 42 42 36 40 47 29 34
Other Current Liabilities		 3.80 2.79 3.28 3.67 3.24 3.18 3.29 3.30 3.20 2.50 2.17
Total Noncurrent Liabilities		 293 218 186 160 144 115 103 102 95 91 89
Long-Term Debt		 201 183 163 139 124 95 92 91 85 83 82
Noncurrent Deferred Revenue		 3.94 3.99 0.00 - 0.00 0.00 - 0.00 0.00 - 0.00
Other Noncurrent Operating Liabilities		 89 31 23 21 20 20 11 11 10 8.15 7.83
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 352 423 448 516 533 540 531 548 553 562 582
Total Preferred & Common Equity		 352 423 448 516 533 540 531 548 553 562 582
Total Common Equity		 352 423 448 516 533 540 531 548 553 562 582
Common Stock		 703 777 780 841 843 835 817 815 806 793 791
Retained Earnings		 -355 -358 -334 -326 -311 -294 -286 -266 -253 -232 -209
Accumulated Other Comprehensive Income / (Loss)		 3.01 3.26 2.44 0.74 -0.21 -0.84 -0.28 -0.46 -0.68 0.04 0.26

Annual Metrics And Ratios for OneSpaWorld

This table displays calculated financial ratios and metrics derived from OneSpaWorld's official financial filings.

Metric 2017 2018 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 6.73% 0.00% 19.11% 279.26% 45.36% 12.72% 7.37%
EBITDA Growth		 0.00% -45.96% 0.00% 88.09% 398.38% -56.86% 176.17% -3.39%
EBIT Growth		 0.00% -61.68% 0.00% 80.97% 227.22% -76.11% 416.02% -5.19%
NOPAT Growth		 0.00% 36.00% 0.00% 80.36% 141.06% 153.44% 95.16% 3.80%
Net Income Growth		 0.00% -58.64% 0.00% 76.21% 177.58% -105.59% 2,550.03% -1.71%
EPS Growth		 0.00% 0.00% 0.00% 80.36% 164.47% -106.12% 2,400.00% 0.00%
Operating Cash Flow Growth		 0.00% -53.81% 0.00% 3.96% 170.54% 155.93% 24.33% 5.99%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% -83.57% 151.18% 116.12% 44.76%
Invested Capital Growth		 0.00% 0.00% 0.00% -3.02% 10.95% 3.31% 5.51% 2.46%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 131.52% 17.99% 3.37% 2.57% 2.66%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 71.14% 13.27% -4.84% 16.78% -0.85%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 58.61% 16.89% -6.25% 21.95% -1.46%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 28.77% 3,756.84% -92.20% 6.73% -2.57%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 46.87% 19.27% -248.70% 42.39% -3.15%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -61.70% 25.64% 0.00% 21.05% -1.43%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 26.72% 87.00% 16.90% -0.62% 4.25%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -100.00% -127.72% 32.73% -95.62% -32.44% 2.89%
Invested Capital Q/Q Growth		 0.00% 0.00% -18.22% -0.14% -0.91% -3.37% 0.96% 0.30%
Profitability Metrics		 - - - - - - - -
Gross Margin		 10.07% 14.35% -15.14% 5.86% 15.30% 16.00% 16.70% 16.56%
EBITDA Margin		 9.46% 4.79% -216.43% -21.64% 17.02% 5.05% 12.38% 11.14%
Operating Margin		 7.56% 8.97% -219.15% -36.15% 2.77% 6.82% 8.72% 8.50%
EBIT Margin		 7.52% 2.70% -237.50% -37.95% 12.73% 2.09% 9.58% 8.46%
Profit (Net Income) Margin		 6.56% 2.54% -238.15% -47.57% 9.73% -0.37% 8.14% 7.45%
Tax Burden Percent		 86.33% 92.66% 100.28% 100.63% 98.84% 66.09% 94.81% 94.10%
Interest Burden Percent		 101.07% 101.63% 99.99% 124.58% 77.34% -27.08% 89.64% 93.63%
Effective Tax Rate		 13.67% 7.34% 0.00% 0.00% 1.16% 0.00% 5.19% 5.90%
Return on Invested Capital (ROIC)		 0.00% 42.91% -36.60% -7.30% 2.89% 6.84% 12.78% 12.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 24.39% -91.70% -24.03% 23.14% -19.64% 11.43% 2.99%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -64.46% -53.16% -14.99% 13.23% -7.58% 1.96% 0.29%
Return on Equity (ROE)		 0.00% -21.54% -89.76% -22.29% 16.12% -0.74% 14.74% 13.06%
Cash Return on Invested Capital (CROIC)		 0.00% -157.09% 0.00% -4.24% -7.49% 3.59% 7.42% 10.34%
Operating Return on Assets (OROA)		 0.00% 5.35% -35.33% -7.86% 9.89% 2.33% 11.80% 11.19%
Return on Assets (ROA)		 0.00% 5.04% -35.42% -9.85% 7.56% -0.42% 10.03% 9.85%
Return on Common Equity (ROCE)		 0.00% -22.15% -88.96% -22.29% 16.12% -0.74% 14.74% 13.06%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -10.48% -89.76% -23.31% 14.53% -0.69% 13.14% 0.00%
Net Operating Profit after Tax (NOPAT)		 33 45 -186 -36 15 38 74 77
NOPAT Margin		 6.53% 8.31% -153.40% -25.30% 2.74% 4.78% 8.27% 7.99%
Net Nonoperating Expense Percent (NNEP)		 0.00% 18.52% 55.10% 16.73% -20.26% 26.48% 1.35% 9.77%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 2.59% 6.40% 11.33% 12.26%
Cost of Revenue to Revenue		 89.93% 85.65% 115.14% 94.14% 84.70% 84.00% 83.30% 83.44%
SG&A Expenses to Revenue		 1.82% 1.84% 15.68% 10.78% 2.89% 2.15% 2.10% 1.88%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 2.52% 5.38% 204.01% 42.01% 12.53% 9.18% 7.98% 8.07%
Earnings before Interest and Taxes (EBIT)		 38 15 -287 -55 70 17 86 81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 26 -262 -31 93 40 111 107
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 2.68 3.11 2.35 3.23 3.73 3.90
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 84.58 66.98
Price to Revenue (P/Rev)		 0.00 0.00 7.11 6.34 1.57 1.77 2.31 2.20
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 16.15 0.00 28.40 29.52
Dividend Yield		 0.00% 0.00% 0.40% 0.00% 0.00% 0.00% 0.40% 0.82%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 6.19% 0.00% 3.52% 3.39%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 2.06 2.26 1.90 2.72 3.55 3.58
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 8.64 7.71 1.90 1.93 2.36 2.27
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 11.16 38.17 19.04 20.38
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 14.93 92.17 24.60 26.83
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 69.39 40.38 28.50 28.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 41.93 24.16 26.77 26.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 77.03 49.09 35.07
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 -2.76 0.72 0.78 0.58 0.36 0.18 0.15
Long-Term Debt to Equity		 0.00 -2.76 0.72 0.78 0.58 0.36 0.17 0.15
Financial Leverage		 0.00 -2.64 0.58 0.62 0.57 0.39 0.17 0.10
Leverage Ratio		 0.00 -2.14 1.78 2.26 2.13 1.78 1.47 1.32
Compound Leverage Factor		 0.00 -2.17 1.78 2.82 1.65 -0.48 1.32 1.24
Debt to Total Capital		 0.00% 156.74% 41.70% 43.95% 36.78% 26.71% 15.09% 13.40%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.34% 0.36% 0.00% 0.77% 0.00%
Long-Term Debt to Total Capital		 0.00% 156.74% 41.70% 43.61% 36.42% 26.71% 14.33% 13.40%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 1.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -58.33% 58.30% 56.05% 63.22% 73.29% 84.91% 86.60%
Debt to EBITDA		 0.00 13.61 -0.88 -7.39 2.29 3.94 0.89 0.78
Net Debt to EBITDA		 0.00 13.02 -0.71 -6.34 1.93 3.22 0.36 0.62
Long-Term Debt to EBITDA		 0.00 13.61 -0.88 -7.34 2.27 3.94 0.84 0.78
Debt to NOPAT		 0.00 7.84 -1.24 -6.32 14.22 4.17 1.33 1.09
Net Debt to NOPAT		 0.00 7.50 -1.00 -5.42 12.00 3.41 0.54 0.87
Long-Term Debt to NOPAT		 0.00 7.84 -1.24 -6.28 14.08 4.17 1.26 1.09
Altman Z-Score		 0.00 0.00 -0.39 0.60 1.97 3.69 7.65 9.06
Noncontrolling Interest Sharing Ratio		 0.00% -2.81% 0.89% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 1.87 2.22 1.72 1.69 1.57 2.03 1.91
Quick Ratio		 0.00 0.94 1.20 0.97 0.94 0.85 1.31 0.89
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -165 0.00 -21 -39 20 43 62
Operating Cash Flow to CapEx		 2,613.42% 649.95% -1,714.35% -1,223.99% 513.22% 1,170.38% 1,168.59% 554.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -1.57 -2.47 0.93 4.28 10.98
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 -2.60 1.57 2.96 7.84 14.74
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -2.82 1.27 2.71 7.17 12.08
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 1.98 0.15 0.21 0.78 1.12 1.23 1.32
Accounts Receivable Turnover		 0.00 21.33 7.22 12.82 20.60 21.36 20.56 20.40
Inventory Turnover		 0.00 14.36 4.40 4.78 13.35 15.27 15.82 15.19
Fixed Asset Turnover		 0.00 33.30 6.08 9.24 38.17 53.79 54.77 42.72
Accounts Payable Turnover		 0.00 32.74 8.69 11.09 23.15 23.89 24.26 26.06
Days Sales Outstanding (DSO)		 0.00 17.11 50.57 28.48 17.72 17.09 17.75 17.89
Days Inventory Outstanding (DIO)		 0.00 25.43 82.93 76.30 27.34 23.90 23.07 24.03
Days Payable Outstanding (DPO)		 0.00 11.15 41.99 32.91 15.77 15.28 15.04 14.01
Cash Conversion Cycle (CCC)		 0.00 31.39 91.50 71.87 29.30 25.71 25.78 27.91
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 210 507 492 545 563 594 609
Invested Capital Turnover		 0.00 5.16 0.24 0.29 1.05 1.43 1.55 1.60
Increase / (Decrease) in Invested Capital		 0.00 210 0.00 -15 54 18 31 15
Enterprise Value (EV)		 0.00 0.00 1,045 1,111 1,038 1,531 2,109 2,181
Market Capitalization		 0.00 0.00 859 913 859 1,402 2,069 2,114
Book Value per Share		 $0.00 $0.00 $3.78 $3.22 $3.96 $4.34 $5.33 $5.32
Tangible Book Value per Share		 $0.00 $0.00 ($3.28) ($3.16) ($2.16) ($1.13) $0.24 $0.31
Total Capital		 0.00 225 550 524 579 592 653 627
Total Debt		 0.00 352 229 230 213 158 99 84
Total Long-Term Debt		 0.00 352 229 229 211 158 94 84
Net Debt		 0.00 337 186 198 180 129 40 66
Capital Expenditures (CapEx)		 2.68 4.98 2.13 2.87 4.83 5.42 6.74 15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 22 1.66 6.03 17 17 28 48
Debt-free Net Working Capital (DFNWC)		 0.00 38 45 39 50 46 87 66
Net Working Capital (NWC)		 0.00 38 45 37 48 46 82 66
Net Nonoperating Expense (NNE)		 -0.16 31 102 32 -38 41 1.14 5.20
Net Nonoperating Obligations (NNO)		 0.00 337 186 198 180 129 40 66
Total Depreciation and Amortization (D&A)		 9.83 11 25 23 23 24 25 26
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 4.15% 1.37% 4.18% 3.14% 2.14% 3.18% 5.02%
Debt-free Net Working Capital to Revenue		 0.00% 6.98% 37.30% 26.98% 9.23% 5.78% 9.73% 6.84%
Net Working Capital to Revenue		 0.00% 6.98% 37.30% 25.75% 8.85% 5.78% 9.17% 6.84%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.76) $0.57 ($0.03) $0.70 $0.69
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 92.07M 92.51M 97.83M 104.02M 103.19M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.76) $0.49 ($0.03) $0.69 $0.69
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 92.07M 95.11M 97.83M 104.94M 103.67M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.76) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 90.13M 92.97M 100.38M 104.67M 101.45M
Normalized Net Operating Profit after Tax (NOPAT)		 33 45 -52 -36 15 39 74 82
Normalized NOPAT Margin		 6.53% 8.31% -42.97% -25.30% 2.74% 4.96% 8.31% 8.57%
Pre Tax Income Margin		 7.60% 2.74% -237.47% -47.28% 9.85% -0.57% 8.59% 7.92%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 -4.05 4.41 0.78 8.53 14.35
NOPAT to Interest Expense		 0.00 0.00 0.00 -2.70 0.95 1.77 7.37 13.56
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -4.27 4.11 0.52 7.86 11.69
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -2.91 0.64 1.52 6.69 10.90
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 197.13% 149.58% -6.00% 0.00% 0.00% 0.00% 11.43% 24.39%
Augmented Payout Ratio		 197.13% 149.58% -6.30% 0.00% 0.00% -304.04% 37.49% 129.72%

Quarterly Metrics And Ratios for OneSpaWorld

This table displays calculated financial ratios and metrics derived from OneSpaWorld's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 101,451,278.00 101,514,846.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 101,451,278.00 101,514,846.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.21 0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.32% 15.77% 12.16% 11.76% 11.50% 3.98% 7.04% 6.96% 11.47% 12.75% 8.52%
EBITDA Growth		 -21.22% 737.60% 248.25% 2.73% 210.12% -26.11% 14.11% 5.80% -3.90% 28.47% 12.38%
EBIT Growth		 -38.14% 330.09% 1,422.93% 2.85% 858.88% -31.83% 17.74% 5.15% -7.01% 35.81% 10.77%
NOPAT Growth		 17.87% 111.44% 90.49% 24.21% 75.19% -0.83% 18.79% 7.32% -13.58% 37.18% 14.06%
Net Income Growth		 -213.48% 233.09% 596.03% -7.95% 296.99% -27.85% 26.53% 12.96% -16.17% 39.68% 16.42%
EPS Growth		 -75.00% 223.53% 600.00% 25.00% 1,200.00% -28.57% 26.67% 15.00% -7.69% 40.00% 21.05%
Operating Cash Flow Growth		 116.31% 582.21% -26.08% 51.63% -2.86% -32.41% 8.59% 15.93% 20.57% -10.02% 64.05%
Free Cash Flow Firm Growth		 80.12% -40.36% 103.21% 235.59% -69.08% 99.39% 1,037.56% -59.91% 91.97% -158.93% 78.44%
Invested Capital Growth		 3.31% 10.74% 3.03% 0.99% 5.51% 2.83% 2.61% 3.12% 2.46% 3.83% 2.29%
Revenue Q/Q Growth		 -9.93% 8.43% 6.47% 7.47% -10.13% 1.12% 9.61% 7.39% -6.34% 2.27% 5.50%
EBITDA Q/Q Growth		 -74.98% 312.55% -20.22% 24.76% -24.48% -1.71% 23.21% 15.67% -31.40% 31.41% 7.78%
EBIT Q/Q Growth		 -92.61% 1,274.51% -23.92% 33.10% -31.11% -2.29% 31.42% 18.87% -39.08% 42.71% 7.19%
NOPAT Q/Q Growth		 -54.17% 87.09% 8.41% 33.63% -35.36% 5.90% 29.87% 20.72% -47.95% 68.11% 7.98%
Net Income Q/Q Growth		 -131.20% 389.79% -25.55% 36.75% -33.24% 6.14% 30.57% 22.09% -50.45% 76.84% 8.84%
EPS Q/Q Growth		 -93.75% 2,000.00% -28.57% 33.33% -35.00% 15.38% 26.67% 21.05% -47.83% 75.00% 9.52%
Operating Cash Flow Q/Q Growth		 -9.68% -12.24% 24.97% 53.07% -42.14% -38.93% 100.79% 63.41% -39.83% -54.43% 266.09%
Free Cash Flow Firm Q/Q Growth		 31.37% -339.34% 101.26% 3,475.96% -185.57% 98.40% 2,427.84% 26.03% -117.15% 48.53% 1,704.20%
Invested Capital Q/Q Growth		 -3.37% 4.28% 0.90% -0.68% 0.96% 1.64% 0.69% -0.18% 0.30% 2.99% -0.80%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.63% 15.94% 16.43% 17.36% 16.98% 16.47% 16.41% 16.86% 16.48% 16.76% 17.06%
EBITDA Margin		 3.89% 14.80% 11.09% 12.87% 10.82% 10.52% 11.82% 12.73% 9.32% 11.98% 12.24%
Operating Margin		 6.48% 8.04% 8.38% 10.35% 7.93% 7.67% 9.19% 10.17% 6.76% 9.23% 9.38%
EBIT Margin		 0.92% 11.69% 8.36% 10.35% 7.93% 7.67% 9.19% 10.17% 6.62% 9.23% 9.38%
Profit (Net Income) Margin		 -3.75% 10.02% 7.01% 8.92% 6.62% 6.95% 8.28% 9.42% 4.98% 8.61% 8.89%
Tax Burden Percent		 110.17% 97.34% 95.09% 95.71% 89.80% 97.33% 96.18% 97.68% 81.68% 98.31% 99.04%
Interest Burden Percent		 -368.95% 88.04% 88.18% 90.02% 92.98% 93.19% 93.70% 94.76% 92.16% 94.88% 95.64%
Effective Tax Rate		 0.00% 2.66% 4.91% 4.29% 10.20% 2.67% 3.82% 2.32% 18.32% 1.69% 0.96%
Return on Invested Capital (ROIC)		 6.49% 11.52% 11.55% 14.75% 11.01% 11.31% 13.53% 15.56% 8.82% 14.58% 15.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 -3.96% 15.22% 9.53% 12.15% 9.73% 9.78% 11.30% 12.94% 6.36% 12.93% 13.13%
Return on Net Nonoperating Assets (RNNOA)		 -1.53% 4.40% 2.12% 2.26% 1.67% 1.36% 1.26% 1.22% 0.62% 1.65% 1.16%
Return on Equity (ROE)		 4.97% 15.91% 13.67% 17.01% 12.68% 12.67% 14.79% 16.78% 9.44% 16.23% 16.41%
Cash Return on Invested Capital (CROIC)		 3.59% 1.03% 8.38% 10.85% 7.42% 9.58% 10.25% 10.11% 10.34% 9.71% 11.70%
Operating Return on Assets (OROA)		 1.03% 12.96% 9.63% 12.47% 9.78% 9.41% 11.35% 12.99% 8.75% 12.88% 12.96%
Return on Assets (ROA)		 -4.18% 11.10% 8.07% 10.74% 8.16% 8.53% 10.23% 12.02% 6.59% 12.01% 12.28%
Return on Common Equity (ROCE)		 4.97% 15.91% 13.67% 17.01% 12.68% 12.67% 14.79% 16.78% 9.44% 16.23% 16.41%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.61% 9.96% 9.47% 0.00% 12.62% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 8.83 17 18 24 15 16 21 26 13 22 24
NOPAT Margin		 4.53% 7.82% 7.97% 9.91% 7.12% 7.46% 8.84% 9.94% 5.52% 9.08% 9.29%
Net Nonoperating Expense Percent (NNEP)		 10.45% -3.70% 2.03% 2.60% 1.28% 1.53% 2.23% 2.61% 2.46% 1.65% 2.12%
Return On Investment Capital (ROIC_SIMPLE)		 1.49% - - - 2.37% 2.61% 3.30% 4.03% 2.13% 3.49% 3.66%
Cost of Revenue to Revenue		 83.37% 84.06% 83.57% 82.64% 83.02% 83.53% 83.59% 83.14% 83.52% 83.24% 82.94%
SG&A Expenses to Revenue		 2.23% 1.92% 2.11% 1.75% 2.67% 1.92% 1.83% 1.77% 2.01% 2.50% 2.75%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 10.15% 7.90% 8.05% 7.01% 9.05% 8.81% 7.21% 6.68% 9.72% 7.52% 7.68%
Earnings before Interest and Taxes (EBIT)		 1.80 25 19 25 17 17 22 26 16 23 25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 7.58 31 25 31 23 23 28 33 23 30 32
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.23 2.57 3.01 3.20 3.73 3.31 3.82 3.93 3.90 4.14 4.92
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 309.66 84.58 376.71 78.83 61.51 66.98 42.48 36.13
Price to Revenue (P/Rev)		 1.77 1.61 1.89 1.98 2.31 1.95 2.28 2.32 2.20 2.35 2.84
Price to Earnings (P/E)		 0.00 38.85 30.27 33.78 28.40 26.24 29.43 29.36 29.52 29.97 35.41
Dividend Yield		 0.00% 0.00% 0.00% 0.24% 0.40% 0.71% 0.78% 0.76% 0.82% 0.78% 0.67%
Earnings Yield		 0.00% 2.57% 3.30% 2.96% 3.52% 3.81% 3.40% 3.41% 3.39% 3.34% 2.82%
Enterprise Value to Invested Capital (EV/IC)		 2.72 2.38 2.81 3.02 3.55 3.03 3.54 3.67 3.58 3.82 4.67
Enterprise Value to Revenue (EV/Rev)		 1.93 1.70 1.97 2.04 2.36 2.03 2.34 2.38 2.27 2.42 2.88
Enterprise Value to EBITDA (EV/EBITDA)		 38.17 18.31 17.71 18.73 19.04 17.84 20.29 20.61 20.38 21.01 24.74
Enterprise Value to EBIT (EV/EBIT)		 92.17 26.83 23.92 25.28 24.60 23.51 26.52 26.98 26.83 27.31 32.28
Enterprise Value to NOPAT (EV/NOPAT)		 40.38 22.25 25.11 25.64 28.50 24.84 27.94 28.22 28.39 28.87 33.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.16 18.34 23.95 22.42 26.77 24.76 28.51 27.78 26.11 29.01 30.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 77.03 241.82 34.04 27.95 49.09 32.08 34.98 36.81 35.07 40.03 40.38
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.27 0.23 0.18 0.18 0.18 0.18 0.15 0.15 0.15 0.14
Long-Term Debt to Equity		 0.36 0.27 0.23 0.18 0.17 0.17 0.17 0.15 0.15 0.15 0.14
Financial Leverage		 0.39 0.29 0.22 0.19 0.17 0.14 0.11 0.09 0.10 0.13 0.09
Leverage Ratio		 1.78 1.71 1.54 1.47 1.47 1.41 1.38 1.34 1.32 1.30 1.29
Compound Leverage Factor		 -6.57 1.51 1.36 1.32 1.37 1.31 1.29 1.27 1.22 1.23 1.24
Debt to Total Capital		 26.71% 21.18% 18.86% 15.45% 15.09% 15.51% 14.93% 13.35% 13.40% 12.84% 12.29%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.59% 0.77% 0.80% 0.78% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 26.71% 21.18% 18.86% 14.86% 14.33% 14.71% 14.15% 13.35% 13.40% 12.84% 12.29%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.29% 78.82% 81.14% 84.55% 84.91% 84.49% 85.07% 86.65% 86.60% 87.16% 87.71%
Debt to EBITDA		 3.94 1.82 1.32 1.04 0.89 0.95 0.91 0.79 0.78 0.73 0.69
Net Debt to EBITDA		 3.22 0.94 0.64 0.51 0.36 0.72 0.57 0.50 0.62 0.57 0.34
Long-Term Debt to EBITDA		 3.94 1.82 1.32 1.00 0.84 0.90 0.86 0.79 0.78 0.73 0.69
Debt to NOPAT		 4.17 2.21 1.87 1.42 1.33 1.32 1.25 1.08 1.09 1.00 0.95
Net Debt to NOPAT		 3.41 1.15 0.91 0.70 0.54 1.00 0.78 0.69 0.87 0.79 0.47
Long-Term Debt to NOPAT		 4.17 2.21 1.87 1.37 1.26 1.25 1.18 1.08 1.09 1.00 0.95
Altman Z-Score		 3.62 3.91 5.05 6.20 7.35 6.80 7.81 8.27 8.76 10.62 12.93
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.57 1.85 2.03 1.84 2.03 1.73 1.88 1.84 1.91 2.52 2.91
Quick Ratio		 0.85 1.23 1.35 1.16 1.31 0.90 1.01 0.92 0.89 1.14 1.62
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -9.21 -40 0.51 18 -16 -0.25 5.79 7.29 -1.25 -0.64 10
Operating Cash Flow to CapEx		 669.77% 1,239.97% 1,674.55% 2,574.71% 500.03% 595.58% 743.64% 592.41% 395.23% 209.30% 1,456.34%
Free Cash Flow to Firm to Interest Expense		 -1.06 -13.69 0.23 7.29 -6.55 -0.22 4.15 5.29 -0.72 -0.55 9.66
Operating Cash Flow to Interest Expense		 1.96 5.06 8.41 11.46 6.97 8.81 14.55 24.05 11.44 7.77 31.14
Operating Cash Flow Less CapEx to Interest Expense		 1.66 4.65 7.91 11.02 5.57 7.33 12.59 19.99 8.55 4.06 29.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.12 1.11 1.15 1.20 1.23 1.23 1.24 1.28 1.32 1.39 1.38
Accounts Receivable Turnover		 21.36 19.30 20.43 19.40 20.56 20.49 19.73 20.77 20.40 21.06 20.00
Inventory Turnover		 15.27 14.41 16.06 16.68 15.82 15.85 15.37 14.62 15.19 14.44 14.84
Fixed Asset Turnover		 53.79 54.94 56.62 59.08 54.77 54.11 52.44 47.29 42.72 41.62 40.50
Accounts Payable Turnover		 23.89 17.83 21.14 23.69 24.26 21.73 22.54 24.23 26.06 29.54 30.67
Days Sales Outstanding (DSO)		 17.09 18.91 17.87 18.81 17.75 17.81 18.50 17.58 17.89 17.33 18.25
Days Inventory Outstanding (DIO)		 23.90 25.34 22.73 21.88 23.07 23.03 23.74 24.96 24.03 25.27 24.59
Days Payable Outstanding (DPO)		 15.28 20.47 17.27 15.41 15.04 16.79 16.19 15.07 14.01 12.36 11.90
Cash Conversion Cycle (CCC)		 25.71 23.78 23.33 25.28 25.78 24.05 26.05 27.47 27.91 30.24 30.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 563 588 593 589 594 604 608 607 609 627 622
Invested Capital Turnover		 1.43 1.47 1.45 1.49 1.55 1.52 1.53 1.57 1.60 1.61 1.64
Increase / (Decrease) in Invested Capital		 18 57 17 5.75 31 17 15 18 15 23 14
Enterprise Value (EV)		 1,531 1,396 1,665 1,777 2,109 1,831 2,154 2,225 2,181 2,394 2,907
Market Capitalization		 1,402 1,325 1,605 1,729 2,069 1,757 2,094 2,171 2,114 2,328 2,867
Book Value per Share		 $4.34 $5.14 $5.09 $5.16 $5.33 $5.07 $5.34 $5.38 $5.32 $5.54 $5.74
Tangible Book Value per Share		 ($1.13) ($0.27) ($0.06) $0.05 $0.24 $0.04 $0.26 $0.34 $0.31 $0.54 $0.78
Total Capital		 592 654 656 639 653 628 645 638 627 645 664
Total Debt		 158 139 124 99 99 97 96 85 84 83 82
Total Long-Term Debt		 158 139 124 95 94 92 91 85 84 83 82
Net Debt		 129 72 60 49 40 74 60 54 66 66 40
Capital Expenditures (CapEx)		 2.54 1.21 1.12 1.11 3.31 1.70 2.73 5.60 5.05 4.35 2.29
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 17 8.49 18 20 28 36 41 40 48 70 69
Debt-free Net Working Capital (DFNWC)		 46 75 82 70 87 60 77 71 66 87 111
Net Working Capital (NWC)		 46 75 82 66 82 55 72 71 66 87 111
Net Nonoperating Expense (NNE)		 16 -4.64 2.16 2.39 1.09 1.12 1.34 1.35 1.31 1.15 1.06
Net Nonoperating Obligations (NNO)		 129 72 60 49 40 74 60 54 66 66 40
Total Depreciation and Amortization (D&A)		 5.78 6.56 6.14 6.10 6.26 6.26 6.33 6.61 6.56 6.80 7.47
Debt-free, Cash-free Net Working Capital to Revenue		 2.14% 1.03% 2.18% 2.26% 3.18% 3.98% 4.44% 4.30% 5.02% 7.04% 6.87%
Debt-free Net Working Capital to Revenue		 5.78% 9.12% 9.70% 7.99% 9.73% 6.62% 8.38% 7.58% 6.84% 8.78% 10.98%
Net Working Capital to Revenue		 5.78% 9.12% 9.70% 7.56% 9.17% 6.06% 7.83% 7.58% 6.84% 8.78% 10.98%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.06) $0.21 $0.15 $0.21 $0.13 $0.15 $0.19 $0.24 $0.11 $0.21 $0.23
Adjusted Weighted Average Basic Shares Outstanding		 97.83M 101.47M 105.12M 104.88M 104.02M 104.60M 103.21M 103.16M 103.19M 101.99M 102.05M
Adjusted Diluted Earnings per Share		 $0.01 $0.21 $0.15 $0.20 $0.13 $0.15 $0.19 $0.23 $0.12 $0.21 $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 97.83M 102.93M 105.77M 105.59M 104.94M 105.08M 103.62M 103.62M 103.67M 102.31M 102.48M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 100.38M 104.71M 104.71M 103.98M 104.67M 102.70M 102.70M 101.95M 101.45M 101.51M 101.50M
Normalized Net Operating Profit after Tax (NOPAT)		 8.83 17 18 24 15 16 21 26 13 22 24
Normalized NOPAT Margin		 4.53% 7.82% 7.97% 9.91% 7.12% 7.46% 8.84% 10.01% 5.52% 9.08% 9.29%
Pre Tax Income Margin		 -3.40% 10.29% 7.37% 9.32% 7.38% 7.14% 8.61% 9.64% 6.10% 8.76% 8.97%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.21 8.36 8.46 10.02 7.25 14.68 15.86 19.07 9.19 19.54 22.93
NOPAT to Interest Expense		 1.01 5.59 8.07 9.59 6.51 14.29 15.26 18.63 7.67 19.21 22.71
EBIT Less CapEx to Interest Expense		 -0.09 7.95 7.96 9.58 5.86 13.20 13.91 15.01 6.29 15.83 20.79
NOPAT Less CapEx to Interest Expense		 0.72 5.18 7.56 9.15 5.12 12.81 13.30 14.57 4.77 15.50 20.57
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 8.15% 11.43% 18.69% 23.37% 22.40% 24.39% 23.63% 23.87%
Augmented Payout Ratio		 -304.04% 49.21% 31.64% 62.93% 37.49% 92.09% 92.45% 97.50% 129.72% 71.96% 70.71%

Financials Breakdown Chart

Key Financial Trends

OneSpaWorld Holdings (NASDAQ: OSW) shows solid top-line growth and strong quarterly profitability in Q1 2026, but the company is still carrying meaningful debt and continues to use cash for dividends, buybacks, and capex.

For Q1 2026, revenue rose to $247.6 million from $242.1 million in Q4 2025 and $219.6 million in Q1 2025. Net income also improved to $21.3 million, up from $12.1 million in the prior quarter and $15.3 million a year earlier. That points to a business that is still expanding and remains profitable.

Profitability also looked healthy at the operating level. Gross profit was $41.5 million, operating income was $22.9 million, and operating margin stayed solid despite a fairly high cost structure. The company generated $9.1 million in operating cash flow during the quarter.

At the same time, the balance sheet shows some leverage. OSW ended Q1 2026 with $82.8 million of long-term debt and $57.2 million of current liabilities, against $16.1 million of cash and equivalents. Equity was $561.8 million, so the business is not highly stretched, but debt remains a watch item.

Looking at the last several years, the company’s revenue and earnings trend has generally improved from the weaker 2023 period. Quarterly revenue moved from the low-$180 million to low-$200 million range in early 2023/2024 to the mid-$240 million range in late 2025 and early 2026. Net income also recovered meaningfully after periods of loss in 2022 and early 2023.

  • Revenue is trending higher over the past year, with Q1 2026 revenue up year over year and quarter over quarter.
  • Net income remains strong at $21.3 million in Q1 2026, showing continued profitability.
  • Operating cash flow is positive, with $9.1 million generated in Q1 2026.
  • Gross profit improved to $41.5 million, supporting healthy core operations.
  • SG&A remains low relative to revenue, which helps OSW preserve operating leverage.
  • The company has substantial intangible assets on the balance sheet, which is common in this business but worth monitoring.
  • Capital allocation is shareholder-friendly, but buybacks and dividends also consume cash.
  • Debt is still significant, with $82.8 million of long-term debt outstanding in Q1 2026.
  • Cash declined to $16.1 million, leaving a relatively modest cash cushion.
  • Cash was used for dividends and capex, which helped reduce cash balances despite positive earnings.

Bottom line: OneSpaWorld enters 2026 with improving revenue, steady earnings, and positive operating cash flow, which is encouraging for retail investors. The main risks remain leverage, cash management, and the company’s continued use of cash for financing activities. Overall, the trend is constructive, but this is still a stock where balance sheet discipline matters.

08/07/26 07:15 PM ETAI Generated. May Contain Errors.

OneSpaWorld Financials - Frequently Asked Questions

According to the most recent income statement we have on file, OneSpaWorld's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

OneSpaWorld's net income appears to be on a downward trend, with a most recent value of $71.62 million in 2025, rising from $33.23 million in 2017. The previous period was $72.86 million in 2024. See where experts think OneSpaWorld is headed by visiting OneSpaWorld's forecast page.

OneSpaWorld's total operating income in 2025 was $81.64 million, based on the following breakdown:
  • Total Gross Profit: $159.15 million
  • Total Operating Expenses: $77.51 million

Over the last 7 years, OneSpaWorld's total revenue changed from $506.69 million in 2017 to $961.00 million in 2025, a change of 89.7%.

OneSpaWorld's total liabilities were at $164.52 million at the end of 2025, a 14.3% decrease from 2024, and a 58.9% decrease since 2018.

In the past 7 years, OneSpaWorld's cash and equivalents has ranged from $13.86 million in 2019 to $57.44 million in 2024, and is currently $16.31 million as of their latest financial filing in 2025.

Over the last 7 years, OneSpaWorld's book value per share changed from 0.00 in 2017 to 5.32 in 2025, a change of 532.2%.


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Financial statements for NASDAQ:OSW last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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