Is the business good?
How good a business is OSW?
OneSpaWorld Holdings Limited earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 2.0 points above what the capital costs: growth creates value
- Operating margin
- 8.9%
Operating margin · Leisure median 11% · 12 months to Q1 2026
- Cash conversion
- 0.83×
Cash conversion · 1.00× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −2.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −219% |
| FY2021 | −36% |
| FY2022 | 2.8% |
| FY2023 | 6.8% |
| FY2024 | 8.7% |
| FY2025 | 8.5% |
Details›
- Operating margin12 months to Q1 2026
- 8.9%
- Net margin12 months to Q1 2026
- 7.8%
- Free cash flow margin
- 6.6%
- Revenue, trailing twelve months
- $989M
- Free cash flow, trailing twelve months
- $65M
- Net income, trailing twelve months
- $78M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.