NASDAQ : OSW
OneSpaWorld Holdings Limited — Financial statements
Consumer Discretionary · Leisure · Bahamas
Last price 30.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
OneSpaWorld Holdings Limited (OSW) reported revenue of 1.03B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.03B | 961.00M | 895.02M | 794.04M | 546.26M | 144.03M |
| Cost of Revenue | 886.29M | 836.10M | 781.18M | 703.81M | 498.52M | 163.74M |
| Gross Profit | 141.25M | 124.90M | 113.83M | 90.23M | 47.74M | -19.70M |
| Selling, General & Admin | 25.22M | 18.06M | 18.53M | 16.40M | 15.78M | 15.53M |
| Amortization of Goodwill & Intangibles | 16.32M | 16.51M | 16.57M | 16.82M | 16.82M | 16.83M |
| Operating Expenses | 41.54M | 34.57M | 35.10M | 33.22M | 32.60M | 32.35M |
| Operating Income | 99.71M | 90.33M | 78.73M | 57.01M | 15.14M | -52.06M |
| Interest Expense | -5.16M | -5.67M | -10.05M | -21.39M | -15.76M | -13.49M |
| Interest & Investment Income | 488.00K | 488.00K | 1.17M | 280.00K | 55.00K | |
| Other Non Operating Income (Expenses) | -348.00K | -348.00K | 7.68M | -37.56M | 54.40M | -2.60M |
| EBT Excluding Unusual Items | 94.69M | 84.81M | 77.53M | -1.66M | 53.78M | -68.09M |
| Merger & Restructuring Charges | -5.85M | -5.85M | -669.00K | -713.00K | ||
| Asset Writedown | -165.00K | -345.00K | -2.13M | |||
| Other Unusual Items | -2.50M | |||||
| Pretax Income | 88.68M | 76.11M | 76.86M | -4.50M | 53.78M | -68.09M |
| Income Tax Expense | 3.83M | 4.49M | 3.99M | -1.53M | 624.00K | 429.00K |
| Earnings From Continuing Operations | 84.85M | 71.62M | 72.86M | -2.97M | 53.16M | -68.52M |
| Net Income | 84.85M | 71.62M | 72.86M | -2.97M | 53.16M | -68.52M |
| Net Income to Common | 84.85M | 71.62M | 72.86M | -2.97M | 53.16M | -68.52M |
| Shares Outstanding (Basic) | 101.81M | 103.19M | 104.02M | 97.83M | 92.51M | 90.13M |
| Shares Outstanding (Diluted) | 102.25M | 103.67M | 104.94M | 97.83M | 95.11M | 90.13M |
| EPS (Basic) | 0.83 | 0.69 | 0.70 | -0.03 | 0.57 | -0.76 |
| EPS (Diluted) | 0.83 | 0.69 | 0.69 | -0.03 | 0.49 | -0.76 |
| Free Cash Flow | 94.26M | 68.45M | 72.06M | 57.96M | 19.94M | -37.97M |
| Free Cash Flow Per Share | 0.92 | 0.66 | 0.69 | 0.59 | 0.21 | -0.42 |
| Dividend Per Share | 0.20 | 0.17 | 0.08 | |||
| Gross Margin | 13.75% | 13.00% | 12.72% | 11.36% | 8.74% | -13.68% |
| Operating Margin | 9.70% | 9.40% | 8.80% | 7.18% | 2.77% | -36.14% |
| Profit Margin | 8.26% | 7.45% | 8.14% | -0.38% | 9.73% | -47.57% |
| Free Cash Flow Margin | 9.17% | 7.12% | 8.05% | 7.30% | 3.65% | -26.36% |
| EBITDA | 127.09M | 115.67M | 103.00M | 79.05M | 37.49M | -29.59M |
| EBITDA Margin | 12.37% | 12.04% | 11.51% | 9.96% | 6.86% | -20.54% |
| D&A For EBITDA | 27.38M | 25.33M | 24.28M | 22.04M | 22.35M | 22.47M |
| EBIT | 99.71M | 90.33M | 78.73M | 57.01M | 15.14M | -52.06M |
| EBIT Margin | 9.70% | 9.40% | 8.80% | 7.18% | 2.77% | -36.14% |
| Effective Tax Rate | 4.32% | 5.90% | 5.19% | 1.16% | ||
| Revenue as Reported | 1.03B | 961.00M | 895.02M | 794.04M | 546.26M | 144.03M |
| Advertising Expenses | 3.70M | 3.30M | 3.80M | 2.10M | 1.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 32.14M | 16.31M | 57.44M | 27.70M | 32.06M | 30.94M |
| Trading Asset Securities | 717.00K | 35.00K | 653.00K | 2.37M | 3.12M | |
| Cash & Short-Term Investments | 32.86M | 16.34M | 58.09M | 30.08M | 35.18M | 30.94M |
| Receivables | 50.51M | 47.93M | 46.26M | 40.78M | 33.56M | 19.48M |
| Inventory | 60.07M | 58.84M | 46.75M | 47.50M | 39.84M | 29.48M |
| Prepaid Expenses | 8.15M | 6.18M | 3.85M | 3.17M | 7.08M | 6.57M |
| Restricted Cash | 1.20M | 1.20M | 1.20M | 1.20M | 1.90M | |
| Other Current Assets | 9.35M | 7.19M | 5.35M | 3.99M | 1.04M | 577.00K |
| Total Current Assets | 160.93M | 137.67M | 161.50M | 126.72M | 117.89M | 88.95M |
| Property, Plant & Equipment | 38.74M | 36.97M | 31.58M | 27.14M | 28.45M | 14.11M |
| Long-Term Investments | 711.00K | 1.91M | ||||
| Other Intangible Assets | 498.80M | 511.01M | 530.03M | 546.97M | 565.47M | 582.29M |
| Long-Term Deferred Tax Assets | 325.00K | 325.00K | 1.23M | 2.34M | 227.00K | 70.00K |
| Long-Term Deferred Charges | 22.40M | 20.80M | 21.00M | 2.60M | 3.20M | 2.90M |
| Other Long-Term Assets | 360.00K | 325.00K | 366.00K | 372.00K | 290.00K | 554.00K |
| Total Assets | 721.55M | 707.10M | 746.42M | 706.14M | 717.43M | 688.87M |
| Accounts Payable | 31.00M | 31.79M | 29.75M | 31.70M | 24.12M | 15.85M |
| Accrued Expenses | 38.26M | 36.21M | 40.02M | 45.99M | 40.00M | 32.23M |
| Short-Term Debt | 9.00K | |||||
| Current Portion of Long-Term Debt | 5.00M | 2.08M | 2.90M | |||
| Current Portion of Leases | 1.38M | 1.98M | 2.56M | 2.26M | 2.24M | |
| Current Unearned Revenue | 800.00K | |||||
| Other Current Liabilities | 1.91M | 1.96M | 2.08M | 899.00K | 1.12M | 85.00K |
| Total Current Liabilities | 72.55M | 71.95M | 79.41M | 80.86M | 69.56M | 51.87M |
| Long-Term Debt | 70.52M | 84.07M | 93.56M | 158.21M | 210.70M | 228.88M |
| Long-Term Leases | 7.37M | 8.41M | 11.63M | 10.16M | 12.10M | |
| Other Long-Term Liabilities | 212.00K | 82.00K | 7.33M | 22.85M | 59.26M | 114.22M |
| Total Liabilities | 150.65M | 164.52M | 191.93M | 272.07M | 351.63M | 394.96M |
| Common Stock | 10.00K | 10.00K | 10.00K | 10.00K | 9.00K | 9.00K |
| Additional Paid-In Capital | 777.06M | 795.85M | 833.98M | 777.06M | 700.61M | 687.66M |
| Retained Earnings | -206.60M | -252.96M | -279.89M | -344.46M | -338.61M | -391.77M |
| Comprehensive Income & Other | 435.00K | -321.00K | 397.00K | 1.46M | 3.80M | -2.00M |
| Total Common Equity | 570.90M | 542.58M | 554.50M | 434.07M | 365.81M | 293.90M |
| Shareholders' Equity | 570.90M | 542.58M | 554.50M | 434.07M | 365.81M | 293.90M |
| Total Liabilities & Equity | 721.55M | 707.10M | 746.42M | 706.14M | 717.43M | 688.87M |
| Total Debt | 79.27M | 94.47M | 112.74M | 170.63M | 227.13M | 231.78M |
| Net Cash (Debt) | -46.41M | -78.13M | -54.65M | -140.55M | -191.94M | -200.84M |
| Net Cash Per Share | -0.45 | -0.75 | -0.52 | -1.44 | -2.02 | -2.23 |
| Filing Date Shares Outstanding | 100.10M | 101.45M | 104.67M | 100.38M | 92.97M | 92.07M |
| Total Common Shares Outstanding | 100.10M | 101.39M | 104.55M | 99.73M | 92.97M | 91.84M |
| Working Capital | 88.38M | 65.72M | 82.10M | 45.86M | 48.33M | 37.08M |
| Book Value Per Share | 5.70 | 5.35 | 5.30 | 4.35 | 3.93 | 3.20 |
| Tangible Book Value | 72.11M | 31.57M | 24.46M | -112.90M | -199.66M | -288.39M |
| Tangible Book Value Per Share | 0.72 | 0.31 | 0.23 | -1.13 | -2.15 | -3.14 |
| Machinery | 35.67M | 28.05M | 22.72M | 18.09M | 13.95M | |
| Leasehold Improvements | 18.32M | 17.30M | 17.76M | 17.63M | 17.17M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 84.85M | 71.62M | 72.86M | -2.97M | 53.16M | -68.52M |
| Depreciation & Amortization | 27.38M | 25.33M | 24.28M | 22.04M | 22.35M | 22.47M |
| Other Amortization | 374.00K | 419.00K | 782.00K | 1.46M | 1.10M | 1.03M |
| Loss (Gain) From Sale of Assets | 364.00K | 364.00K | ||||
| Asset Writedown & Restructuring Costs | 2.98M | 3.15M | 495.00K | 2.14M | 10.00K | 177.00K |
| Stock-Based Compensation | 9.89M | 10.09M | 9.07M | 10.14M | 12.89M | 10.65M |
| Provision & Write-off of Bad Debts | 16.00K | 18.00K | 18.00K | 59.00K | 18.00K | 453.00K |
| Other Operating Activities | 1.19M | 1.24M | -5.80M | 32.07M | -54.58M | 6.67M |
| Change in Accounts Receivable | -3.50M | -2.58M | -5.50M | -7.29M | -14.10M | -16.94M |
| Change in Inventory | 2.52M | -12.79M | 756.00K | -7.67M | -10.35M | -6.26M |
| Change in Accounts Payable | -2.81M | 2.80M | -1.96M | 7.58M | 8.28M | 7.25M |
| Change in Income Taxes | 17.00K | -263.00K | ||||
| Change in Other Net Operating Assets | -15.14M | -16.14M | -16.20M | 5.81M | 5.96M | 8.20M |
| Operating Cash Flow | 108.12M | 83.52M | 78.80M | 63.38M | 24.76M | -35.10M |
| Capital Expenditures | -13.86M | -15.07M | -6.74M | -5.42M | -4.83M | -2.87M |
| Divestitures | 185.00K | -1.64M | ||||
| Investing Cash Flow | -13.67M | -16.72M | -6.74M | -5.42M | -4.83M | -2.87M |
| Long-Term Debt Issued | 100.00M | |||||
| Long-Term Debt Repaid | -15.00M | -159.64M | -56.04M | -18.78M | ||
| Net Debt Issued (Repaid) | -15.01M | -15.00M | -59.64M | -56.04M | -18.78M | |
| Issuance of Common Stock | 51.70M | 2.43M | 59.00K | 27.47M | ||
| Repurchase of Common Stock | -57.46M | -75.44M | -18.99M | -9.04M | ||
| Common Dividends Paid | -20.29M | -17.46M | -8.33M | |||
| Other Financing Activities | -9.00K | -6.95M | ||||
| Financing Cash Flow | -92.75M | -107.92M | -42.21M | -62.66M | -18.72M | 27.47M |
| Foreign Exchange Rate Adjustments | -309.00K | -21.00K | -112.00K | 337.00K | -792.00K | -117.00K |
| Net Cash Flow | 1.39M | -41.13M | 29.73M | -4.36M | 429.00K | -10.62M |
| Free Cash Flow | 94.26M | 68.45M | 72.06M | 57.96M | 19.94M | -37.97M |
| Free Cash Flow Margin | 9.17% | 7.12% | 8.05% | 7.30% | 3.65% | -26.36% |
| Free Cash Flow Per Share | 0.92 | 0.66 | 0.69 | 0.59 | 0.21 | -0.42 |
| Levered Free Cash Flow | 69.64M | 53.88M | 56.80M | 49.91M | 22.71M | -13.39M |
| Unlevered Free Cash Flow | 72.49M | 57.00M | 62.30M | 61.82M | 31.46M | -5.99M |
| Cash Interest Paid | 4.96M | 6.10M | 11.37M | 21.34M | 14.01M | 12.57M |
| Cash Income Tax Paid | 3.40M | 2.86M | 3.26M | 4.72M | 434.00K | 160.00K |
| Change in Working Capital | -18.93M | -28.70M | -22.90M | -1.57M | -10.19M | -8.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.01B | 2.11B | 2.07B | 1.40B | 862.80M | 915.44M |
| Enterprise Value | 3.05B | 2.18B | 2.13B | 1.54B | 1.05B | 1.12B |
| Last Close Price | 30.02 | 20.61 | 19.60 | 13.82 | 9.15 | 9.82 |
| PE Ratio | 36.21 | 29.52 | 28.40 | 16.23 | ||
| Forward PE | 23.54 | 18.27 | 20.63 | 18.95 | 22.21 | 108.86 |
| PS Ratio | 2.92 | 2.20 | 2.31 | 1.76 | 1.58 | 6.36 |
| PB Ratio | 5.26 | 3.90 | 3.73 | 3.22 | 2.36 | 3.12 |
| P/TBV Ratio | 41.68 | 66.98 | 84.58 | |||
| P/FCF Ratio | 31.88 | 30.89 | 28.72 | 24.11 | 43.27 | |
| P/OCF Ratio | 27.79 | 25.32 | 26.26 | 22.05 | 34.84 | |
| PEG Ratio | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | |
| EV/Sales Ratio | 2.97 | 2.27 | 2.38 | 1.94 | 1.92 | 7.75 |
| EV/EBITDA Ratio | 24.01 | 18.87 | 20.71 | 19.52 | 27.95 | |
| EV/EBIT Ratio | 30.60 | 24.16 | 27.10 | 27.07 | 69.22 | |
| EV/FCF Ratio | 32.37 | 31.89 | 29.61 | 26.62 | 52.56 | |
| Debt / Equity Ratio | 0.14 | 0.17 | 0.20 | 0.39 | 0.62 | 0.79 |
| Debt / EBITDA Ratio | 0.59 | 0.76 | 1.00 | 1.91 | 4.92 | |
| Debt / FCF Ratio | 0.84 | 1.38 | 1.56 | 2.94 | 11.39 | |
| Net Debt / Equity Ratio | 0.08 | 0.14 | 0.10 | 0.32 | 0.53 | 0.68 |
| Net Debt / EBITDA Ratio | 0.36 | 0.68 | 0.53 | 1.78 | 5.12 | -6.79 |
| Net Debt / FCF Ratio | 0.49 | 1.14 | 0.76 | 2.42 | 9.63 | -5.29 |
| Asset Turnover | 1.41 | 1.32 | 1.23 | 1.12 | 0.78 | 0.21 |
| Inventory Turnover | 14.37 | 15.84 | 16.58 | 16.12 | 14.38 | 5.78 |
| Quick Ratio | 1.15 | 0.89 | 1.31 | 0.88 | 0.99 | 0.97 |
| Current Ratio | 2.22 | 1.91 | 2.03 | 1.57 | 1.70 | 1.72 |
| Return on Equity (ROE) | 15.10% | 13.06% | 14.74% | -0.74% | 16.12% | -22.29% |
| Return on Assets (ROA) | 8.57% | 7.77% | 6.78% | 5.01% | 1.35% | -4.68% |
| Return on Invested Capital (ROIC) | 15.27% | 13.82% | 12.61% | 10.07% | 2.84% | -10.33% |
| Return on Capital Employed (ROCE) | 15.40% | 14.20% | 11.80% | 9.10% | 2.30% | -8.20% |
| Earnings Yield | 2.76% | 3.39% | 3.52% | -0.21% | 6.16% | -7.49% |
| FCF Yield | 3.14% | 3.24% | 3.48% | 4.15% | 2.31% | -4.15% |
| Dividend Yield | 0.83% | 0.81% | 0.40% | |||
| Payout Ratio | 25.63% | 24.39% | 11.43% | |||
| Buyback Yield / Dilution | 2.10% | 1.21% | -7.27% | -2.86% | -5.51% | -21.21% |
| Total Shareholder Return | 2.93% | 2.03% | -6.87% | -2.86% | -5.51% | -21.21% |