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Onespaworld Holdings vs Xponential Fitness

Onespaworld Holdings is the larger business, with $961m of revenue in fiscal 2025 against $315m for Xponential Fitness (3.1 times as much). Onespaworld Holdings grew faster (7.4% against -1.7%). Onespaworld Holdings kept more of each dollar of sales as profit: a net margin of 7.5% against -12.3%.

Latest fiscal yearOnespaworld HoldingsOSW, 2025Xponential FitnessXPOF, 2025
Revenue $961m $315m
Revenue growth 7.4% -1.7%
Net income $71.6m −$38.7m
Operating margin 8.5% 6.3%
Net margin 7.5% -12.3%
Return on equity 13.1% —
Free cash flow $68.4m $24.7m
Cash $16.3m $45.9m
Total debt $85.0m $525m
Debt to equity 15.7% —
Dividend per share — —
Dividend yield 0.7% —
Share buybacks $75.4m $0
Employees 5,395 340
Market value $3.07bn $190m
Price vs our value range Above our value range —
Moat score 23 (Weak) 11 (Weak)
Insider trades, 12 months 0 buys, 18 sales 17 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.