undamentalytics Newsletter
Sign in

Onespaworld Holdings Ltd (OSW) stock

Add to watchlist

Add holding +

NASDAQ: OSW Nasdaq Leisure Facilities Next results ~February 17, 2027

B+ Fundamentals grade

Onespaworld Holdings Ltd is a US-listed company in the leisure facilities industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$20

Cash-flow model

Base case. Range ~$15–$27 across our lower- and higher-growth cases (5%–15% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 32% below it.

Price used: $30.02, November 2, 2026

Onespaworld Holdings Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 18 sales by directors and officers, last 12 monthsInsider trades
  • Funds140 adding, 96 cuttingOf 31 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Onespaworld Holdings files

Where Onespaworld stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $1.03bn, up 9.8% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 9.2% from 7.1% a year earlier. The diluted share count is down 2.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $20.67 a share, against a share price of $30.22. At that price, our model says the market is pricing in about 16.7% a year of cash-flow growth for five years, slower than the 48.1% a year revenue growth it has delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 17, 2027 (estimated)

Onespaworld Holdings Ltd's trailing-twelve-month revenue grew 9.8% year on year, with a free-cash-flow margin of 9.2%. Where it stands out: long-term debt as % of assets of 9.8% ranks 2 of 12 leisure facilities companies we cover.

Our discounted-cash-flow model values the business at ~$20 per share in the base case (~$15–$27 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 41.2% while net income grew 14.7%: a 26pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.1% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $30.02 is 32% above our value per share of $20.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.34 against an average estimate of $0.30: beat by 11.5%
Revenue
$277m, up 7.0% on a year earlier
Share reaction
+20.6% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $0.28

Onespaworld Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week+25.1%
  • 1 month+27.1%
  • This year+45.7%
  • 1 year+30.2%
  • 5 years+167.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1B
Operating margin
9.1%
Net margin
8.3%
EPS (TTM, diluted)
$0.83

Growth

Revenue growth
+9.8%
Change in growth rate
−0.0 pts
Share count change
−2.1%

Cash

Free cash flow (TTM)
$94.3M
FCF margin
9.2%
Stock pay % of revenue
1.0%

Earnings

Last results
October 28, 2026
Next results (est.)
February 17, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Onespaworld Holdings Ltd valuation models and calculator

What the price is pricing in

The share price implies about 16.5% a year of cash-flow growth for five years.That is slower than the 48.1% a year revenue growth Onespaworld Holdings has delivered.

  • Priced in16.5%
  • Last 12 months9.8%
  • 3 years a year10.2%
  • 5 years a year48.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($29.81, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$20
Price used
$29.81close November 3, 2026
Implied change
▼ 32%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Onespaworld Holdings Ltd's free cash flow after stock-based pay with after-tax interest added back ($82.1M, FY2026 Q3 TTM), growing 8.5% and 9.6% in the next two years (forecasts, guidance and its record), then back to 10% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$15–~$27 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Onespaworld Holdings Ltd's free cash flow after stock-based pay ( $82.1M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Onespaworld Holdings Ltd as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$20 ~$15–$27 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$18 ~$15–$30 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$6.7 ~$4.6–$9.9 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6.9 ~$5.9–$8.2 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$14 ~$6.7–$20 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Onespaworld Holdings Ltd with Leisure Facilities in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −11%
  • Last year's free-cash-flow margin change, if it persists ▲ +28%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $11$15$21$28$38$50
8.5% $9$12$16$21$27$36
10% $7$9$12$16$21$28

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$9.94$9.82$9.15$13.82$19.60$20.61$30.02
Market value$739m$885m$870m$1.4bn$2.1bn$2.1bn$3.1bn
+ Net debt (− = net cash)$193m$204m$184m$132m$43m$69m$39m
Enterprise value$932m$1.1bn$1.1bn$1.5bn$2.1bn$2.2bn$3.1bn
Multiples
Price / sales 6.1x6.1x1.6x1.7x2.3x2.2x3.0x
Price / earnings ——16.4x—28.2x29.8x36.2x
Price / free cash flow ——43.6x23.3x28.5x31.2x32.6x
EV / EBITDA ——28.1x19.5x20.5x20.6x25.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

23 /100

Weak moat

How hard Onespaworld Holdings's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.3% of total assets over 8 years.

  • Durability 0 / 20

    Operating margin has been a median 4.6%; its worst year was -117.5%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 5 of 8 years, at a median 4.1% of revenue.

  • Discipline 12 / 20

    The diluted share count rose 14.9% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (28 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.19 +20% $1.0bn +8%
Next $1.32 +11% $1.1bn +9%

Next year's EPS estimate has moved +1.3% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.3% on 90 days ago. In the last 30 days, 1 analyst raised Onespaworld Holdings Ltd's forecast and 2 cut it.

Consensus EPS forecast Onespaworld Holdings Ltd, last 90 days
$1.10 $1.15 $1.20 $1.25 $1.30 $1.35 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.14 Current fiscal year, 60 days ago: $1.14 Current fiscal year, 30 days ago: $1.14 Current fiscal year, 7 days ago: $1.14 Current fiscal year, Now: $1.19 $1.19 Next fiscal year, 90 days ago: $1.30 Next fiscal year, 60 days ago: $1.30 Next fiscal year, 30 days ago: $1.29 Next fiscal year, 7 days ago: $1.29 Next fiscal year, Now: $1.32 $1.32

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.14$1.30
60 days ago $1.14$1.30
30 days ago $1.14$1.29
7 days ago $1.14$1.29
Now $1.19$1.32

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.30 $0.34 +11.5%
Jun 2026 $0.28 $0.29 +3.6%
Mar 2026 $0.26 $0.27 +5.2%
Dec 2025 $0.26 $0.24 −6.2%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Onespaworld Holdings Ltd's revenue by +8.5% next year and +9.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.7%, weight 64%) and the company's own record (+10.0%, weight 36%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202666
  2. Sep 202666
  3. Aug 202666

Counts of recommendations published by analysts covering Onespaworld Holdings Ltd, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.0%
of tradable shares
Days to cover
8.23
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
3.7%
of shares
Employees
5,395
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +30.2%

$23.06 on October 31, 2025 to $30.02

ThenNowEffect
Revenue (last 12 months) $919m $1.0bn +9.8%
Net margin 7.7% 8.0% +3.6%
P/E multiple 34.0x 38.1x +12.0%
Share count 105m 103m +2.2%

Biggest factor: p/e multiple.

Last 3 years +178.7%

$10.77 on November 3, 2023 to $30.02

ThenNowEffect
Revenue (last 12 months) $714m $1.0bn +41.4%
P/S multiple 1.4x 3.1x +110.7%
Share count 96m 103m −6.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OSW−1%−7%+51%+42%+5%+46%
Industry peers (median)+18%−18%−1%+5%−21%−49%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OSW58%50%67%58%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OSW−30%−36%−22%−19%−35%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 17, 2017: 85% from December 24, 2019 to April 2, 2020. Getting back needed a 568% gain, reached on July 16, 2024, 1566 days after the low.

Price behaviour

52-week range
$19.25 – $30.22
From 52-week high
−0.7%
vs 50-day average
+25.8%
vs 200-day average
+25.6%
Volatility (1 year)
37%
Beta vs S&P 500
0.96

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±7.0%
After a week
6 up, 5 down
typical move ±8.4%
After a month
5 up, 6 down
typical move ±8.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +20.6% 0.0% — —
July 29, 2026 −6.2% +0.1% −4.0% −5.4%
April 29, 2026 +3.8% +1.0% +6.6% +0.2%
February 18, 2026 −4.1% +0.2% −6.7% −6.0%
October 29, 2025 +9.5% −1.1% +4.5% −3.8%
July 30, 2025 +1.7% −0.5% +3.4% +4.6%
April 30, 2025 +1.2% +0.7% +5.8% +7.1%
February 19, 2025 −7.4% −0.2% −16.6% −23.0%
October 30, 2024 +0.3% −2.3% +9.2% +9.1%
July 31, 2024 −5.2% +0.2% −10.6% −6.4%
May 1, 2024 +16.8% +0.6% +16.0% +22.2%
February 28, 2024 −7.1% +0.2% −9.3% −5.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Onespaworld Holdings Ltd’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Onespaworld Holdings Ltd in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Onespaworld Holdings Ltd
$700M $800M $900M $1B $1.1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $794M Revenue (TTM), FY24 Q1: $822.8M Revenue (TTM), FY24 Q2: $847.2M Revenue (TTM), FY24 Q3: $872.6M Revenue (TTM), FY24 Q4: $895M Revenue (TTM), FY25 Q1: $903.4M Revenue (TTM), FY25 Q2: $919.3M Revenue (TTM), FY25 Q3: $936.1M Revenue (TTM), FY25 Q4: $961M Revenue (TTM), FY26 Q1: $989M Revenue (TTM), FY26 Q2: $1B Revenue (TTM), FY26 Q3: $1B $1B

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $794M
FY24 Q1 $822.8M
FY24 Q2 $847.2M
FY24 Q3 $872.6M
FY24 Q4 $895M
FY25 Q1 $903.4M
FY25 Q2 $919.3M
FY25 Q3 $936.1M
FY25 Q4 $961M
FY26 Q1 $989M
FY26 Q2 $1B
FY26 Q3 $1B
Revenue growth, TTM YoY Onespaworld Holdings Ltd
0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 45.4% Revenue growth, TTM YoY, FY24 Q1: 28.4% Revenue growth, TTM YoY, FY24 Q2: 18.6% Revenue growth, TTM YoY, FY24 Q3: 13.6% Revenue growth, TTM YoY, FY24 Q4: 12.7% Revenue growth, TTM YoY, FY25 Q1: 9.8% Revenue growth, TTM YoY, FY25 Q2: 8.5% Revenue growth, TTM YoY, FY25 Q3: 7.3% Revenue growth, TTM YoY, FY25 Q4: 7.4% Revenue growth, TTM YoY, FY26 Q1: 9.5% Revenue growth, TTM YoY, FY26 Q2: 9.8% Revenue growth, TTM YoY, FY26 Q3: 9.8% 9.8%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 45.4%
FY24 Q1 28.4%
FY24 Q2 18.6%
FY24 Q3 13.6%
FY24 Q4 12.7%
FY25 Q1 9.8%
FY25 Q2 8.5%
FY25 Q3 7.3%
FY25 Q4 7.4%
FY26 Q1 9.5%
FY26 Q2 9.8%
FY26 Q3 9.8%
Operating margin (TTM) Onespaworld Holdings Ltd
6% 7% 8% 9% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 6.8% Operating margin (TTM), FY24 Q1: 7.3% Operating margin (TTM), FY24 Q2: 7.7% Operating margin (TTM), FY24 Q3: 8.4% Operating margin (TTM), FY24 Q4: 8.7% Operating margin (TTM), FY25 Q1: 8.6% Operating margin (TTM), FY25 Q2: 8.8% Operating margin (TTM), FY25 Q3: 8.8% Operating margin (TTM), FY25 Q4: 8.5% Operating margin (TTM), FY26 Q1: 8.9% Operating margin (TTM), FY26 Q2: 8.9% Operating margin (TTM), FY26 Q3: 9.1% 9.1%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 6.8%
FY24 Q1 7.3%
FY24 Q2 7.7%
FY24 Q3 8.4%
FY24 Q4 8.7%
FY25 Q1 8.6%
FY25 Q2 8.8%
FY25 Q3 8.8%
FY25 Q4 8.5%
FY26 Q1 8.9%
FY26 Q2 8.9%
FY26 Q3 9.1%
FCF margin (TTM) Onespaworld Holdings Ltd
6% 7% 8% 9% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.3% FCF margin (TTM), FY24 Q1: 8.6% FCF margin (TTM), FY24 Q2: 7.6% FCF margin (TTM), FY24 Q3: 8.4% FCF margin (TTM), FY24 Q4: 8.1% FCF margin (TTM), FY25 Q1: 7.4% FCF margin (TTM), FY25 Q2: 7.3% FCF margin (TTM), FY25 Q3: 7.1% FCF margin (TTM), FY25 Q4: 7.1% FCF margin (TTM), FY26 Q1: 6.6% FCF margin (TTM), FY26 Q2: 7.7% FCF margin (TTM), FY26 Q3: 9.2% 9.2%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.3%
FY24 Q1 8.6%
FY24 Q2 7.6%
FY24 Q3 8.4%
FY24 Q4 8.1%
FY25 Q1 7.4%
FY25 Q2 7.3%
FY25 Q3 7.1%
FY25 Q4 7.1%
FY26 Q1 6.6%
FY26 Q2 7.7%
FY26 Q3 9.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Onespaworld Holdings took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $961M
  2. Selling, general and admin $18.1M · 1.9%
  3. Other operating costs $861M · 89.6%
  4. Operating income $81.6M · 8.5%
  5. Interest and other $5.5M · 0.6%
  6. Net income $71.6M · 7.5%

Shares of revenue. Source: Onespaworld Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 507 541 121 144 546 794 895 961 1,028
EBITDA 48 59 −241 −30 37 76 102 107 121
Operating income 38 49 −265 −52 15 54 78 82 94
Net income 31 10 −288 −69 53 −3 73 72 85
Diluted EPS — — −$3.87 −$0.76 $0.49 −$0.03 $0.69 $0.69 $0.83
Growth (year on year)
Revenue — +6.7% −77.6% +19.1% +279.3% +45.4% +12.7% +7.4% +9.8%
EBITDA — +21.7% −510.7% — — +103.3% +34.3% +4.5% +12.6%
Operating income — +26.7% −646.2% — — +257.9% +44.1% +4.6% +13.6%
Net income — −68.2% — — — −105.6% — −1.7% +14.7%
Diluted EPS — — — — — −106.1% — 0.0% +17.2%
Margins
EBITDA margin 9.5% 10.8% −198.9% −20.5% 6.9% 9.6% 11.4% 11.1% 11.8%
Operating margin 7.6% 9.0% −219.1% −36.1% 2.8% 6.8% 8.7% 8.5% 9.1%
Net margin 6.1% 1.8% −238.1% −47.6% 9.7% −0.4% 8.1% 7.5% 8.3%
Free-cash-flow margin 13.3% 5.1% −32.0% −26.4% 3.6% 7.3% 8.1% 7.1% 9.2%
Cash flow
Cash from operations 70 32 −37 −35 25 63 79 84 108
Capital spending 3 5 2 3 5 5 7 15 14
Free cash flow 67 27 −39 −38 20 58 72 68 94
Stock-based pay — — 5 11 13 10 9 10 10
Free cash flow after stock pay — — −44 −49 7 48 63 58 84
Balance sheet
Cash 9 15 42 31 32 28 57 16 32
Total debt 0 356 234 234 216 160 100 85 71
Net debt (negative = net cash) −9 341 193 204 184 132 43 69 39
Diluted shares — — 74m 90m 95m 98m 105m 104m 102m
Returned to shareholders
Dividends — — 2 — — — 8 17 20
Buybacks — — — — — 9 19 75 57
Total returned — — 2 — — 9 27 93 78

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · September 30, 2026
What it owns · $722m
Short-term assets $161mLonger-term assets $561m
What it owes, and who funded it · $722m
Short-term liabilities $73mLonger-term liabilities $78mShareholders' equity $571m
  • Short-term assets cover short-term liabilities $161m of assets due within a year against $73m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $161m short-term assets against $78m of longer-dated liabilities.
  • More cash than debt $32m of cash against $71m of debt.
  • Debt below 40% of shareholders' equity Debt is 12% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 78% to 12% over five years.
  • A year's operating cash flow covers at least 20% of debt $108m of operating cash flow against $71m of debt.
  • Operating profit covers interest at least five times over Operating income of $94m against $5m of interest.

From Onespaworld Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$57.5M
Dividends (TTM)
$20.3M
Returned to shareholders
82%
of free cash flow
Buybacks, last 3 fiscal years
$103M
Diluted share count
−2.1%
year over year
Total shareholder yield
2.5%
dividends 0.7% + buybacks 1.9% of market value
Dividend payout ratio
24%
of net income paid out
Days sales outstanding
18 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure facilities
Last 12 months unless stated OSW LUCK PLNT PRKS PRSU MTN Median
Revenue, last 12 months $1.0bn $1.2bn $1.4bn $1.6bn $483m $2.8bn $483m
Revenue growth, last 12 months 9.8% 3.7% 12.7% −3.5% 26.4% −4.3% 6.1%
Revenue growth, 3-year average 10.2% 5.6% 10.9% −1.9% 8.0% −0.6% 5.6%
Revenue growth, latest quarter 7.0% 0.9% 7.1% −1.4% 14.3% 2.5% 6.9%
Gross margin — 27.2% 81.7% — 92.5% — 47.9%
Operating margin 9.1% 11.0% 30.9% 19.2% −51.4% 14.8% 6.2%
Operating margin, 3-year average 8.8% 10.1% 28.6% 24.1% −41.9% 16.9% −0.4%
Net margin 8.3% −2.9% 16.9% 8.1% 7.9% 5.2% 5.2%
Cash from operations / revenue 10.5% 8.3% 30.8% 24.9% 16.1% 16.9% 10.5%
Free-cash-flow margin 9.2% −0.8% 18.6% 10.0% −1.1% 8.7% −1.1%
Free-cash-flow margin, 3-year average 8.2% −0.4% 17.2% 11.9% −11.7% 10.9% 0.4%
Stock pay / revenue 1.0% 1.0% 0.9% 1.2% 1.4% 1.0% 1.5%
Change in share count −2.1% −4.1% — −8.1% 12.9% −3.8% 3.1%

Median of all 17 companies we cover in leisure facilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 leisure facilities companies
Measure Company Peer median Rank
Revenue growth Growth 9.8% 6.1% 7 of 17
Change in growth rate Growth -0.0pp -0.0pp 9 of 17
Operating margin Profitability 9.1% 6.4% 7 of 16
Net margin Profitability 8.3% 5.2% 4 of 17
Free-cash-flow margin Cash generation 9.2% -1.1% 3 of 17
Stock pay as % of revenue Cash generation 1.0% 1.5% 3 of 15
Long-term debt as % of assets Balance sheet 9.8% 54.9% 2 of 12
Change in share count Balance sheet -2.1% 4.7% 4 of 14
Days sales outstanding Balance sheet 18 days 22 days 5 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Services $777M 80.9% ▲ 7.5%
Products $184M 19.1% ▲ 7.0%
Geography
Region Revenue Share YoY
Not Connected Country $926M 96.3% ▲ 8.3%
Other $19.5M 2.0% ▼ 14.0%
United States $15.7M 1.6% ▼ 11.6%

From Onespaworld Holdings Ltd's 10-K filed February 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
255
Shares held vs prior quarter
▼ 0.5%
Positions opened / closed
43 / 17

Top buyers and sellers, Q2 2026: 140 institutions bought and 96 sold ; the biggest buyer was Price T Rowe Associates Inc (+840K shares) and the biggest seller American Century Companies Inc (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Ariel Investments, LLC $420M 14.9M 13.6% ▼ 3.5%
Blackrock, Inc. $278M 9.8M 9.0% ▼ 1.0%
Nomura Asset Management International Inc. $122M 4.3M 4.0% ▼ 3.3%
Bank Of America Corp $120M 4.2M 3.9% ▲ 6.2%
State Street Corp $113M 4.0M 3.7% ▲ 5.3%
Reinhart Partners, Llc. $112M 4.0M 3.6% ▲ 2.0%
Victory Capital Management Inc $91.3M 3.2M 3.0% ▼ 13.2%
Channing Capital Management, LLC $87.5M 3.1M 2.8% ▼ 18.2%
Wellington Management Group LLP $76.5M 2.7M 2.5% ▲ 25.1%
Geode Capital Management, LLC $74.5M 2.6M 2.4% ▲ 4.7%
First Trust Advisors LP $70.1M 2.5M 2.3% ▲ 7.3%
Dimensional Fund Advisors LP $66.7M 2.4M 2.2% ▲ 1.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Onespaworld Holdings Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8.2M 18 trades by 4 insiders · 0% under pre-set plans
Net ▼ $8.2M net selling
Insider Date Trade Shares Price Value
Heyer Andrew R Director August 10, 2026 Sell 4,781 $26.07 $124,641
Heyer Andrew R Director August 7, 2026 Sell 25,219 $26.42 $666,286
Heyer Andrew R Director August 6, 2026 Sell 10,000 $26.40 $264,000
Heyer Andrew R Director August 6, 2026 Sell 20,000 $26.45 $529,000
Heyer Andrew R Director June 15, 2026 Sell 20,000 $26.04 $520,800
Mclallen Walter Field Director June 11, 2026 Sell 10,500 $24.67 $259,035
Fluxman Leonard I See Remarks June 8, 2026 Sell 58,642 $24.14 $1.4M
Fluxman Leonard I See Remarks June 5, 2026 Sell 57,051 $24.07 $1.4M
Fluxman Leonard I See Remarks June 4, 2026 Sell 31,431 $24.03 $755,287
Fluxman Leonard I See Remarks June 3, 2026 Sell 1,504 $24.01 $36,111
Fluxman Leonard I See Remarks May 27, 2026 Sell 42,883 $24.56 $1.1M
Fluxman Leonard I See Remarks May 7, 2026 Sell 8,489 $25.26 $214,469

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 11 trades and filings

No trades in Onespaworld Holdings Ltd disclosed in the last 12 months; 11 earlier trades on record.

  • Andrew R. Garbarino(R-NY 2):Sale (full), $1,001 - $15,000, traded October 1, 2021, filed November 3, 2021
  • Andrew R. Garbarino(R-NY 2):Purchase, $1,001 - $15,000, traded April 23, 2021, filed May 24, 2021
  • Greg Gianforte(MT):Purchase, $100,001 - $250,000, traded December 15, 2020, filed December 23, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 17, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 18, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Onespaworld Holdings Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Onespaworld Holdings Ltd in brief

What does Onespaworld Holdings Ltd do?
Onespaworld Holdings Ltd is a US-listed company in the leisure facilities industry. Its financial year ends in December.
What is Onespaworld Holdings Ltd's stock ticker?
Onespaworld Holdings Ltd trades under the ticker OSW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Onespaworld Holdings Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Onespaworld Holdings Ltd reported revenue of $1B, 9.8% higher than a year earlier, according to its SEC filings.
What is Onespaworld Holdings Ltd's free cash flow?
Onespaworld Holdings Ltd's free-cash-flow margin is 9.2% of revenue over the trailing twelve months, ranking 3 of the 17 leisure facilities companies we cover.
What is Onespaworld Holdings Ltd's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Onespaworld Holdings Ltd's free cash flow after stock-based pay gives ~$20 per share in the base case, and ~$15–$27 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Onespaworld Holdings Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Ariel Investments, LLC, Blackrock, Inc. and Nomura Asset Management International Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Onespaworld Holdings Ltd buying back stock, and does it pay a dividend?
Onespaworld Holdings Ltd spent $57.5M on share repurchases over the trailing twelve months, and its diluted share count fell 2.1% over the year.
What is Onespaworld Holdings Ltd's market cap?
On November 2, 2026, Onespaworld Holdings Ltd's market capitalisation was about $3.1B, with a price-to-earnings ratio of 36.2 and net debt of $39.1M. Market figures come from third-party market data and may be delayed.
Does Onespaworld Holdings Ltd pay a dividend?
Yes: Onespaworld Holdings Ltd paid $20.3M in dividends over the trailing twelve months, a dividend yield of 0.66% and a payout ratio of 23.9%.
How much debt does Onespaworld Holdings Ltd have?
Onespaworld Holdings Ltd's debt-to-equity ratio is 12.4%, from its latest balance sheet (77.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Onespaworld Holdings Ltd's competitors?
In our Leisure Facilities peer group, the companies closest to Onespaworld Holdings Ltd are Lucky Strike Entertainment Corp, Planet Fitness, Inc., United Parks & Resorts Inc., Pursuit Attractions & Hospitality, Inc. and Vail Resorts Inc. The side-by-side comparison below sets their revenue, margins and growth against Onespaworld Holdings Ltd's.
Are insiders buying or selling Onespaworld Holdings Ltd stock?
Over the last 12 months, Onespaworld Holdings Ltd's directors and officers reported 0 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is Onespaworld Holdings Ltd's next earnings date?
Around February 17, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Onespaworld Holdings Ltd announces its own schedule.