Tearsheet

OneSpaWorld (OSW)


Market Price (6/23/2026): $27.08 | Market Cap: $2.8 BilSector: Consumer Discretionary | Industry: Leisure Facilities

OneSpaWorld (OSW)


Market Price (6/23/2026): $27.08
Market Cap: $2.8 Bil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Experiential Retail, Travel & Leisure Tech, Show more.

Trading close to highs
Dist 52W High is -1.6%, Dist 3Y High is -1.6%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.05

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x

Key risks
OSW key risks include [1] a revoked regulatory registration suggesting serious compliance failures and [2] a pattern of significant share sales by company executives.

0 Low stock price volatility
Vol 12M is 32%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Experiential Retail, Travel & Leisure Tech, Show more.
2 Trading close to highs
Dist 52W High is -1.6%, Dist 3Y High is -1.6%
3 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.05
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x
5 Key risks
OSW key risks include [1] a revoked regulatory registration suggesting serious compliance failures and [2] a pattern of significant share sales by company executives.

OSW in ETFs

Weight = OSW's share of each fund

ITOT0.00%
IWM0.08%
IJR0.05%
SLYG0.31%
IWO0.15%
IJT0.10%
VTWO0.07%
DFAS0.06%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

OneSpaWorld (OSW) stock has gained about 25% since 2/28/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2026 Performance Exceeded Expectations. OneSpaWorld reported robust financial results for its fiscal Q1 2026 (ended March 31, 2026), announcing earnings per share (EPS) of $0.27, which surpassed the consensus estimate of $0.25 by $0.02. Quarterly revenue also exceeded expectations, increasing 12.8% year-over-year to $247.63 million against an anticipated $244.51 million. This marked the company's 20th consecutive quarter of record total revenues and adjusted EBITDA, demonstrating consistent growth and strong operational execution. The income from operations increased by 36% to $22.9 million, and net income grew by 40% to $21.3 million compared to Q1 2025.

2. Optimistic Fiscal 2026 Guidance and Positive Analyst Revisions. Following the strong first-quarter results, OneSpaWorld provided an upbeat outlook for fiscal year 2026, projecting total revenue between $1.014 billion and $1.034 billion, and adjusted EBITDA between $129 million and $139 million. This revised guidance, which was an increase from earlier forecasts, spurred positive analyst sentiment. For instance, Truist raised its price target on OSW to $28 from $25 on May 22, 2026, while maintaining a "Buy" rating. Jefferies also initiated coverage with a "Buy" rating and a $30 price target on March 24, 2026. Truist specifically highlighted encouraging growth from Medi-Spa services, an increased focus on the Caribbean market, and sustained wellness spending as factors supporting its raised price target and 2026 Adjusted EBITDA estimate of $137.9 million.

Show more
Updated on 6/18/2026

OneSpaWorld (OSW) stock has gained about 25% since 2/28/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2026 Performance Exceeded Expectations. OneSpaWorld reported robust financial results for its fiscal Q1 2026 (ended March 31, 2026), announcing earnings per share (EPS) of $0.27, which surpassed the consensus estimate of $0.25 by $0.02. Quarterly revenue also exceeded expectations, increasing 12.8% year-over-year to $247.63 million against an anticipated $244.51 million. This marked the company's 20th consecutive quarter of record total revenues and adjusted EBITDA, demonstrating consistent growth and strong operational execution. The income from operations increased by 36% to $22.9 million, and net income grew by 40% to $21.3 million compared to Q1 2025.

2. Optimistic Fiscal 2026 Guidance and Positive Analyst Revisions. Following the strong first-quarter results, OneSpaWorld provided an upbeat outlook for fiscal year 2026, projecting total revenue between $1.014 billion and $1.034 billion, and adjusted EBITDA between $129 million and $139 million. This revised guidance, which was an increase from earlier forecasts, spurred positive analyst sentiment. For instance, Truist raised its price target on OSW to $28 from $25 on May 22, 2026, while maintaining a "Buy" rating. Jefferies also initiated coverage with a "Buy" rating and a $30 price target on March 24, 2026. Truist specifically highlighted encouraging growth from Medi-Spa services, an increased focus on the Caribbean market, and sustained wellness spending as factors supporting its raised price target and 2026 Adjusted EBITDA estimate of $137.9 million.

3. Favorable Macroeconomic Trends in the Cruise and Leisure Travel Industry. The period saw a strong and positive outlook for the broader cruise and leisure travel industry, directly benefiting OneSpaWorld. AAA projected that 21.7 million Americans would embark on ocean cruises in 2026, indicating the fourth consecutive year of record cruise passenger volume. The global cruise tourism market is forecast to grow from $94.54 billion in 2026, with ocean cruises expected to maintain a dominant market share of 64.16%. Travelers are increasingly booking earlier and spending more on premium and meaningful travel experiences, which aligns with OneSpaWorld's high-end spa and wellness offerings on cruise ships.

4. Strategic Company Initiatives and Operational Expansion. OneSpaWorld continued to expand its operations and enhance service offerings. The company reported capturing significant new ship growth with its existing cruise line partners, planning to initiate health and wellness center operations on six new ship builds during 2026. In Q1 2026, OneSpaWorld operated on 208 ships, an increase from 199 ships in Q1 2025. The introduction of innovative services, such as TruFlex and other MediSpa treatments, has driven strong double-digit growth in these segments, boosting onboard productivity. Furthermore, pre-booked revenues grew by 17%, and customers who pre-book services demonstrated a spending increase of approximately 30% compared to traditional walk-in guests, showcasing the success of these strategies.

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Stock Movement Drivers

Fundamental Drivers

The 26.4% change in OSW stock from 2/28/2026 to 6/22/2026 was primarily driven by a 16.8% change in the company's P/E Multiple.
(LTM values as of)22820266222026Change
Stock Price ($)21.4327.1026.4%
Change Contribution By: 
Total Revenues ($ Mil)9619892.9%
Net Income Margin (%)7.5%7.9%5.4%
P/E Multiple30.535.616.8%
Shares Outstanding (Mil)102102-0.2%
Cumulative Contribution26.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/22/2026
ReturnCorrelation
OSW26.4% 
Market (SPY)8.8%47.5%
Sector (XLY)-1.4%50.4%

Fundamental Drivers

The 33.3% change in OSW stock from 11/30/2025 to 6/22/2026 was primarily driven by a 25.5% change in the company's P/E Multiple.
(LTM values as of)113020256222026Change
Stock Price ($)20.3327.1033.3%
Change Contribution By: 
Total Revenues ($ Mil)9369895.7%
Net Income Margin (%)7.9%7.9%-0.6%
P/E Multiple28.435.625.5%
Shares Outstanding (Mil)1031021.1%
Cumulative Contribution33.3%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/22/2026
ReturnCorrelation
OSW33.3% 
Market (SPY)9.5%40.1%
Sector (XLY)-2.4%44.7%

Fundamental Drivers

The 45.0% change in OSW stock from 5/31/2025 to 6/22/2026 was primarily driven by a 21.9% change in the company's P/E Multiple.
(LTM values as of)53120256222026Change
Stock Price ($)18.6927.1045.0%
Change Contribution By: 
Total Revenues ($ Mil)9039899.5%
Net Income Margin (%)7.4%7.9%6.0%
P/E Multiple29.235.621.9%
Shares Outstanding (Mil)1051022.6%
Cumulative Contribution45.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/22/2026
ReturnCorrelation
OSW45.0% 
Market (SPY)27.7%42.0%
Sector (XLY)8.4%41.3%

Fundamental Drivers

The 164.6% change in OSW stock from 5/31/2023 to 6/22/2026 was primarily driven by a 62.0% change in the company's P/E Multiple.
(LTM values as of)53120236222026Change
Stock Price ($)10.2427.10164.6%
Change Contribution By: 
Total Revenues ($ Mil)64198954.3%
Net Income Margin (%)6.8%7.9%15.6%
P/E Multiple22.035.662.0%
Shares Outstanding (Mil)93102-8.4%
Cumulative Contribution164.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/22/2026
ReturnCorrelation
OSW164.6% 
Market (SPY)85.1%53.0%
Sector (XLY)55.4%51.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OSW Return-1%-7%51%42%5%33%176%
Peers Return31%-23%-2%16%0%30%49%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
OSW Win Rate58%50%67%58%58%67% 
Peers Win Rate52%42%47%53%47%43% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
OSW Max Drawdown-30%-36%-22%-19%-35%-13% 
Peers Max Drawdown-31%-46%-47%-32%-36%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: XWEL, LTH, ULTA, PLNT, H.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)

How Low Can It Go

EventOSWS&P 500
2025 US Tariff Shock
  % Loss-34.6%-18.8%
  % Gain to Breakeven52.8%23.1%
  Time to Breakeven136 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.2%-9.5%
  % Gain to Breakeven16.6%10.5%
  Time to Breakeven40 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-34.7%-24.5%
  % Gain to Breakeven53.1%32.4%
  Time to Breakeven181 days427 days
2020 COVID-19 Crash
  % Loss-83.1%-33.7%
  % Gain to Breakeven490.9%50.9%
  Time to Breakeven1510 days140 days

Compare to XWEL, LTH, ULTA, PLNT, H

In The Past

OneSpaWorld's stock fell -34.6% during the 2025 US Tariff Shock. Such a loss loss requires a 52.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventOSWS&P 500
2025 US Tariff Shock
  % Loss-34.6%-18.8%
  % Gain to Breakeven52.8%23.1%
  Time to Breakeven136 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-34.7%-24.5%
  % Gain to Breakeven53.1%32.4%
  Time to Breakeven181 days427 days
2020 COVID-19 Crash
  % Loss-83.1%-33.7%
  % Gain to Breakeven490.9%50.9%
  Time to Breakeven1510 days140 days

Compare to XWEL, LTH, ULTA, PLNT, H

In The Past

OneSpaWorld's stock fell -34.6% during the 2025 US Tariff Shock. Such a loss loss requires a 52.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About OneSpaWorld (OSW)

OneSpaWorld (OSW) is a global operator of health and wellness centers, primarily located onboard cruise ships and within destination resorts worldwide. The company partners with leading cruise lines and luxury resorts to provide a comprehensive array of spa, fitness, and beauty services directly to guests during their leisure travel, effectively creating a premium wellness experience in a captive environment.

The company's service portfolio is extensive, encompassing traditional spa treatments such as body massages, salon services, and skincare, alongside more specialized offerings like medi-spa services. Beyond beauty and relaxation, OSW provides state-of-the-art fitness facilities, personalized training, and various wellness programs including pain management, detoxification, and weight management. Guests also have access to high-end beauty and wellness brands, such as ELEMIS, Kérastase, and Dysport, with some brands exclusively offered in the cruise market.

OneSpaWorld's primary customers are passengers on the cruise ships and guests staying at the destination resorts where its centers are established. As of December 2021, the company operated across 170 cruise ships and 52 resorts, targeting individuals seeking integrated health, wellness, and beauty services as part of their vacation experience. Its business model thrives on delivering premium services within the high-end leisure and hospitality sector.

AI Analysis | Feedback

OneSpaWorld (OSW):
  • OneSpaWorld is like the Aramark or Sodexo for cruise ship and resort spas and wellness centers.
  • OneSpaWorld is like an Ulta Beauty or Sephora, but operating exclusively on cruise ships and at destination resorts.

AI Analysis | Feedback

  • Spa and Beauty Services: OneSpaWorld provides a comprehensive range of traditional body, salon, skin care, and medi-spa treatments.
  • Fitness and Wellness Programs: The company offers self-service fitness facilities, specialized classes, personal training, pain management, detoxifying, body composition analysis, and weight management programs.
  • Retail Beauty and Wellness Products: Guests can purchase various beauty and wellness brands, including ELEMIS, Kérastase, and Dysport, from their centers.

AI Analysis | Feedback

OneSpaWorld (OSW) sells primarily to other companies. Its major customers are the cruise lines and destination resort operators that contract OneSpaWorld to operate health and wellness centers on their properties.

The company has long-standing relationships with various cruise line brands. Key major customers, including their public symbols where applicable, are:

  • Carnival Corporation & plc (NYSE: CCL)
  • Royal Caribbean Group (NYSE: RCL)
  • Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)

In addition to these major cruise line operators, OneSpaWorld also partners with numerous other cruise lines and destination resorts worldwide.

AI Analysis | Feedback

L'Oréal (OR)

Ipsen (IPN)

AI Analysis | Feedback

OneSpaWorld (OSW) management team includes: Leonard Fluxman, Executive Chairman and Chief Executive Officer Mr. Fluxman has served as Executive Chairman and Chief Executive Officer of OneSpaWorld since March 2021 and as President since June 2021. Prior to this, he served as Executive Chairman from 2019 through March 2021. He was also the President and Chief Executive Officer of Steiner Leisure Limited, OneSpaWorld's predecessor, from January 2001 to March 2019. Mr. Fluxman held various other leadership roles at Steiner Leisure, including President and Chief Operating Officer from 1999 to 2000, and Chief Operating Officer and Chief Financial Officer from 1995 to 1998. He joined Steiner Leisure in 1994 when it acquired Coiffeur Transocean (Overseas), Inc. ("CTO"), where he had served as Vice President of Finance and later Chief Operating Officer. Mr. Fluxman is a certified public accountant and holds a Bachelor of Commerce from the University of Witwatersrand and an Honors Bachelor of Accounting Science from the University of South Africa. Stephen B. Lazarus, President, Chief Financial Officer and Chief Operating Officer Mr. Lazarus was appointed President of OneSpaWorld on March 17, 2025, while continuing in his roles as Chief Financial Officer and Chief Operating Officer until a successor CFO is named. He has served as OSW's CFO and COO since March 2019. His experience includes senior finance and operating roles at Steiner Leisure Limited since 2015, following previous finance positions at Rayovac Corporation's Latin America Division (from 1999), Guinness (Diageo), Duracell/Gillette, and Ernst & Young. He holds a Bachelor of Commerce from the University of Witwatersrand and an MSc in Management from the University of London. Charles Rivera, Chief Information Officer and Senior Vice President Mr. Rivera has served as Chief Information Officer (CIO) and Senior Vice President for OneSpaWorld for over 20 years. He leads an IT organization that deploys and manages innovative technologies across more than 180 vessels globally, as well as supporting shore-side systems. Before joining OneSpaWorld, Mr. Rivera held an executive position at an IT consulting company starting in 1998, and prior to that, he was a software and deployment engineer with AT&T.

AI Analysis | Feedback

Key Risks to OneSpaWorld (OSW)

  1. High Dependence on the Cruise Industry and Sensitivity to External Factors: OneSpaWorld's business model is overwhelmingly tied to the cruise industry, making it highly susceptible to external factors such as economic downturns, geopolitical events, and global health crises. Any significant disruption or decline in cruise bookings and operations directly impacts OSW's revenue and financial health.
  2. Discretionary Nature of Services and Sensitivity to Consumer Spending: The health, wellness, and beauty services offered by OneSpaWorld, particularly onboard cruise ships, are largely discretionary "premium add-ons." In times of reduced consumer confidence, increased credit card balances, or shifts in household spending priorities towards essentials, these services are often among the first to be cut, leading to a direct negative impact on OSW's revenue and profit margins.
  3. Intense Competition and Risk of Internalization by Cruise Lines: While OneSpaWorld holds a dominant market share in outsourced maritime wellness, the broader health and wellness industry is highly competitive. A significant risk also stems from the potential for major cruise lines to internalize their spa operations, aiming to capture higher-margin revenue streams themselves, which could reduce OSW's market opportunities and impact its long-term partnerships.

AI Analysis | Feedback

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AI Analysis | Feedback

OneSpaWorld (OSW) operates in several significant addressable markets within the global health and wellness industry, primarily focusing on cruise ship and destination resort environments.

Global Spa Services Market

The global spa services market was estimated at USD 94.2 billion in 2024 and is projected to reach approximately USD 196.0 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.6% from 2025 to 2034. Other estimates place the global spa market size at USD 164.71 billion in 2025, with a projection to reach nearly USD 261.05 billion by 2032, at a CAGR of 6.8% from 2026–2032.

Resort Spa Market

The hotel/resort spa segment constituted the largest revenue share of 30.3% within the broader spa services market in 2025. The global spa resorts market was valued at USD 88.24 billion in 2025 and is projected to grow to USD 123.13 billion by 2030, demonstrating a CAGR of 6.9%. Another report estimates the world spa resorts market at USD 120 billion in 2025, with an expected increase to USD 250 billion by 2035, growing at a 7.5% CAGR. The global luxury spa hotel market, a specific segment, was valued at USD 8,598 million in 2024 and is projected to reach USD 14,794 million by 2034, with a CAGR of 9.0%.

Cruise Ship Spa Market

The global spa cruise market size reached USD 9.7 billion in 2024 and is projected to expand at a CAGR of 7.9% from 2025 to 2033, reaching an estimated USD 20.1 billion by 2033. OneSpaWorld holds a dominant position in this specific niche, with an estimated market share exceeding 90% in the outsourced maritime health and wellness market.

Medical Spa Market

OneSpaWorld also provides medi-spa services. The global medical spa market was estimated at USD 25.28 billion in 2025 and is projected to reach approximately USD 87.86 billion by 2034, expanding at a CAGR of 14.88% from 2025 to 2034. Other data indicates the global medical spa market generated USD 21.21 billion in 2024 and is projected to grow to USD 78.23 billion by 2033, at a CAGR of 15.77% from 2025 to 2033.

Global Wellness Tourism Market

OneSpaWorld's operations are also situated within the broader global wellness tourism market. The global wellness tourism market size was valued at USD 1,004.5 billion in 2024 and is expected to reach USD 1,682.8 billion by 2033, exhibiting a CAGR of 5.61% during 2025-2033. Another report states the market was valued at USD 945.5 billion in 2024 and is projected to grow to USD 2036.63 billion in 2033, with a CAGR of 8.9% (2025–2033). In 2024, the wellness tourism market was worth $893.9 billion.

AI Analysis | Feedback

OneSpaWorld (OSW) anticipates several key drivers of future revenue growth over the next 2-3 years:

  1. Expansion of Maritime Health and Wellness Centers: The company is focused on increasing its footprint by adding new health and wellness centers aboard cruise ships. For fiscal year 2025, OneSpaWorld planned to add nine new centers and targeted operating on at least 207 vessels by the end of the year, including new deployments with Norwegian Cruise Lines and an agreement with P&O and Cunard. For fiscal year 2026, the company expects six additional new ship builds to commence voyages. By the end of 2025, OneSpaWorld operated on 206 ships. This expansion directly increases the number of operating locations and revenue days.
  2. Expansion of Medi-Spa and High-Value Services: OneSpaWorld is actively broadening its service portfolio, particularly its medi-spa offerings, which generate higher average revenue per user (ARPU). The company planned to expand medi-spa services to 151 ships by year-end 2025 and projected reaching 157 ships by year-end 2026. New technologies in services like SculpSure FLX, CoolSculpting Elite, and acupuncture LED have already demonstrated significant revenue growth, ranging from 23% to 40% on deployed ships.
  3. Increased Guest Spend through Pre-booking and Dynamic Pricing: The company is enhancing guest spending through strategic initiatives like pre-booked appointments and the implementation of AI-driven dynamic pricing. Pre-booked appointments typically yield approximately 30% more revenue than traditional walk-in guests. OneSpaWorld has deployed machine learning for revenue and utilization, with dynamic pricing in pre-booking covering 94% of active vessels. These technological advancements aim to optimize service pricing and boost consumer demand.
  4. Growth in Cruise Industry Capacity and Passenger Volumes: The overall recovery and projected growth of the cruise industry provide a significant tailwind for OneSpaWorld. Industry forecasts suggest continued mid-single-digit annual cruise capacity growth through 2028, leading to steady increases in passenger counts. Higher cruise passenger volumes directly translate to a larger potential customer base for OneSpaWorld's onboard health and wellness services.

AI Analysis | Feedback

OneSpaWorld (OSW) has made the following capital allocation decisions over the last 3-5 years:

Share Repurchases

  • In fiscal year 2025, OneSpaWorld repurchased 3,878,873 shares of its common stock for $75.4 million.
  • As of December 31, 2025, $37.5 million remained authorized under a $75 million share repurchase program adopted in April 2025.
  • In fiscal year 2024, the company repurchased common stock amounting to $18.99 million.

Share Issuance

  • In fiscal year 2024, OneSpaWorld reported an issuance of common stock totaling $51.7 million.
  • In fiscal year 2023, the company reported an issuance of common stock totaling $2.43 million.
  • A secondary public offering of common shares in June 2021, totaling 8,421,053 shares, was executed by selling shareholders, and OneSpaWorld did not receive any proceeds from this offering.

Capital Expenditures

  • Capital expenditures were $15.07 million in fiscal year 2025.
  • In fiscal year 2024, capital expenditures amounted to $6.74 million, and in fiscal year 2023, they were $5.42 million.
  • For fiscal year 2026, capital expenditures are expected to be approximately 2% of revenues, which are forecasted to be between $1.01 billion and $1.03 billion, suggesting expenditures between $20.2 million and $20.6 million. The primary focus of these expenditures includes expanding health and wellness centers on new ship builds, and investing in technology (including AI applications), infrastructure, and medi-spa equipment.

Better Bets vs. OneSpaWorld (OSW)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OSWXWELLTHULTAPLNTHMedian
NameOneSpaWo.XWELL Life TimeUlta Bea.Planet F.Hyatt Ho. 
Mkt Price27.101.1437.33465.0651.06196.3344.20
Mkt Cap2.80.08.320.44.118.56.2
Rev LTM989293,07812,7081,3857,1312,231
Op Inc LTM94-125081,598414483449
FCF LTM65-12-1241,13126711389
FCF 3Y Avg67-14-571,027228369148
CFO LTM83-98851,545432326379
CFO 3Y Avg78-126781,425381562472

Growth & Margins

OSWXWELLTHULTAPLNTHMedian
NameOneSpaWo.XWELL Life TimeUlta Bea.Planet F.Hyatt Ho. 
Rev Chg LTM9.5%-10.5%12.7%11.3%14.4%7.2%10.4%
Rev Chg 3Y Avg15.9%-9.2%16.6%6.7%12.5%4.3%9.6%
Rev Chg Q12.7%-5.5%11.7%11.1%21.9%1.7%11.4%
QoQ Delta Rev Chg LTM2.9%-1.3%2.8%2.5%4.6%0.4%2.7%
Op Inc Chg LTM19.4%14.2%29.3%1.2%22.7%-0.4%16.8%
Op Inc Chg 3Y Avg45.1%23.4%40.7%-1.1%21.1%6.2%22.2%
Op Mgn LTM9.5%-40.3%16.5%12.6%29.9%6.8%11.0%
Op Mgn 3Y Avg8.6%-42.9%13.6%13.7%28.0%6.3%11.1%
QoQ Delta Op Mgn LTM0.4%-8.3%0.5%0.1%0.1%0.0%0.1%
CFO/Rev LTM8.3%-31.7%28.8%12.2%31.2%4.6%10.2%
CFO/Rev 3Y Avg8.6%-37.0%24.7%12.1%30.9%8.3%10.3%
FCF/Rev LTM6.6%-41.9%-4.0%8.9%19.3%1.6%4.1%
FCF/Rev 3Y Avg7.5%-43.7%-2.4%8.7%18.5%5.5%6.5%

Valuation

OSWXWELLTHULTAPLNTHMedian
NameOneSpaWo.XWELL Life TimeUlta Bea.Planet F.Hyatt Ho. 
Mkt Cap2.80.08.320.44.118.56.2
P/S2.80.32.71.62.92.62.6
P/Op Inc29.6-0.716.312.79.838.414.5
P/EBIT31.5-0.416.312.89.346.114.5
P/E35.6-0.421.517.117.8-545.617.4
P/CFO33.5-0.99.413.29.456.911.3
Total Yield3.5%-278.4%4.7%5.8%5.6%0.1%4.1%
Dividend Yield0.7%0.0%0.0%0.0%0.0%0.3%0.0%
FCF Yield 3Y Avg3.9%-202.1%-2.1%4.9%3.6%2.6%3.1%
D/E0.01.00.50.10.70.20.4
Net D/E0.0-1.00.50.10.60.20.2

Returns

OSWXWELLTHULTAPLNTHMedian
NameOneSpaWo.XWELL Life TimeUlta Bea.Planet F.Hyatt Ho. 
1M Rtn13.0%-20.8%16.4%-9.7%-1.9%12.8%5.5%
3M Rtn25.3%-17.4%41.1%-9.9%-31.9%35.0%7.7%
6M Rtn24.9%73.3%38.7%-24.1%-54.2%18.5%21.7%
12M Rtn40.5%20.0%31.6%-1.9%-52.4%49.6%25.8%
3Y Rtn145.7%-74.1%96.5%2.6%-22.3%84.9%43.7%
1M Excs Rtn13.0%-22.5%12.4%-6.2%1.1%12.9%6.7%
3M Excs Rtn14.6%-22.2%29.5%-27.1%-46.2%23.4%-3.8%
6M Excs Rtn17.4%45.6%32.5%-31.8%-64.8%8.5%12.9%
12M Excs Rtn15.8%1.2%10.3%-26.7%-77.5%23.8%5.7%
3Y Excs Rtn61.6%-147.7%10.0%-66.1%-99.0%-0.8%-33.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Service revenues777723648447116
Product revenues18417214610028
Total961895794546144


Price Behavior

Price Behavior
Market Price$27.10 
Market Cap ($ Bil)2.8 
First Trading Date03/21/2019 
Distance from 52W High-1.6% 
   50 Days200 Days
DMA Price$24.40$22.00
DMA Trendupup
Distance from DMA11.1%23.2%
 3M1YR
Volatility37.9%32.5%
Downside Capture83.5280.45
Upside Capture124.9198.07
Correlation (SPY)45.8%40.8%
OSW Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta2.901.991.351.141.161.20
Up Beta4.832.371.881.971.871.47
Down Beta1.243.331.891.131.111.13
Up Capture127%85%99%87%88%135%
Bmk +ve Days13283667141432
Stock +ve Days10202963130385
Down Capture458%279%97%74%94%101%
Bmk -ve Days7132757109318
Stock -ve Days10203360119356

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSW
OSW41.0%32.4%1.09-
Sector ETF (XLY)10.1%18.5%0.3840.7%
Equity (SPY)26.1%12.4%1.5940.7%
Gold (GLD)24.1%27.5%0.772.0%
Commodities (DBC)18.5%18.8%0.77-26.4%
Real Estate (VNQ)11.8%13.8%0.5729.3%
Bitcoin (BTCUSD)-40.2%42.5%-1.0910.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSW
OSW18.4%38.8%0.53-
Sector ETF (XLY)6.7%23.9%0.2446.8%
Equity (SPY)13.4%17.1%0.6147.8%
Gold (GLD)17.1%18.3%0.762.9%
Commodities (DBC)7.5%19.4%0.288.2%
Real Estate (VNQ)2.1%18.9%0.0136.3%
Bitcoin (BTCUSD)9.4%54.1%0.3721.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSW
OSW8.5%55.4%0.43-
Sector ETF (XLY)12.5%22.1%0.5244.4%
Equity (SPY)15.4%18.0%0.7345.6%
Gold (GLD)12.2%16.1%0.624.0%
Commodities (DBC)6.0%18.0%0.2618.6%
Real Estate (VNQ)5.4%20.7%0.2343.9%
Bitcoin (BTCUSD)59.9%66.8%1.0017.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity5.4 Mil
Short Interest: % Change Since 5152026-0.2%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest11.0 days
Basic Shares Quantity102.0 Mil
Short % of Basic Shares5.3%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20264.5%1.2%2.5%
2/18/2026-4.8%-6.5%-7.9%
10/29/20253.1%5.8%-4.0%
7/30/20252.2%3.2%5.6%
4/30/2025-5.3%3.6%7.8%
2/19/20250.6%-16.9%-23.1%
10/30/20242.7%3.6%9.1%
7/31/2024-4.1%-9.7%-7.5%
...
SUMMARY STATS   
# Positive121514
# Negative12910
Median Positive4.0%5.8%10.2%
Median Negative-4.5%-8.3%-8.0%
Max Positive13.2%16.5%20.0%
Max Negative-6.4%-16.9%-23.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20264.5%1.2%2.5%
2/18/2026-4.8%-6.5%-7.9%
10/29/20253.1%5.8%-4.0%
7/30/20252.2%3.2%5.6%
4/30/2025-5.3%3.6%7.8%
2/19/20250.6%-16.9%-23.1%
10/30/20242.7%3.6%9.1%
7/31/2024-4.1%-9.7%-7.5%
5/1/202412.4%16.5%20.0%
2/28/2024-5.0%-8.3%-4.8%
11/1/2023-1.4%6.0%15.0%
8/2/2023-5.2%-3.5%-8.9%
5/3/2023-1.8%-4.7%-15.1%
2/22/2023-0.4%8.2%6.2%
11/2/20222.3%14.5%11.4%
8/3/202213.2%14.5%15.3%
5/4/2022-2.1%-11.8%-8.0%
3/2/20227.1%1.1%6.5%
11/5/2021-1.5%2.1%-16.8%
8/5/20216.0%2.4%2.4%
5/12/2021-6.4%7.9%13.9%
3/3/20213.4%-3.6%-7.4%
11/12/20204.6%11.2%15.5%
8/12/2020-5.2%-8.9%17.3%
SUMMARY STATS   
# Positive121514
# Negative12910
Median Positive4.0%5.8%10.2%
Median Negative-4.5%-8.3%-8.0%
Max Positive13.2%16.5%20.0%
Max Negative-6.4%-16.9%-23.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/23/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/21/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/03/202410-Q
12/31/202302/29/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/03/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/23/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/21/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/03/202410-Q
12/31/202302/29/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/03/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/06/202210-Q
12/31/202103/04/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202105/10/202110-Q
12/31/202003/10/202110-K
09/30/202011/12/202010-Q
06/30/202008/12/202010-Q
03/31/202005/13/202010-Q
12/31/201903/30/202010-K
09/30/201911/13/201910-Q
06/30/201908/15/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 4/29/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Total Revenues257.00 Mil259.50 Mil262.00 Mil   
Q2 2026 Adjusted EBITDA32.50 Mil33.50 Mil34.50 Mil   
2026 Total Revenues1.01 Bil1.02 Bil1.03 Bil0.4% RaisedGuidance: 1.02 Bil for 2026
2026 Adjusted EBITDA129.00 Mil134.00 Mil139.00 Mil0.8% RaisedGuidance: 133.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/18/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Total Revenues241.00 Mil243.50 Mil246.00 Mil0 Same NewGuidance: 243.50 Mil for Q4 2025
Q1 2026 Adjusted EBITDA30.00 Mil31.00 Mil32.00 Mil0 Same NewGuidance: 31.00 Mil for Q4 2025
2026 Total Revenues1.01 Bil1.02 Bil1.03 Bil6.0% Higher NewActual: 962.50 Mil for 2025
2026 Adjusted EBITDA128.00 Mil133.00 Mil138.00 Mil8.1% Higher NewActual: 123.00 Mil for 2025

Insider Activity

Updated 6/17/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Heyer, Andrew R DirectSell617202626.0420,000520,80012,754,835Form
2McLallen, Walter Field DirectSell612202624.6710,500259,0353,389,214Form
3Fluxman, Leonard ISee RemarksDirectSell609202624.1458,6421,415,61826,760,373Form
4Fluxman, Leonard ISee RemarksDirectSell605202624.0757,0511,373,21828,094,287Form
5Fluxman, Leonard ISee RemarksDirectSell605202624.0331,431755,28729,418,535Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Heyer, Andrew R DirectSell617202626.0420,000520,80012,754,835Form
2McLallen, Walter Field DirectSell612202624.6710,500259,0353,389,214Form
3Fluxman, Leonard ISee RemarksDirectSell609202624.1458,6421,415,61826,760,373Form
4Fluxman, Leonard ISee RemarksDirectSell605202624.0757,0511,373,21828,094,287Form
5Fluxman, Leonard ISee RemarksDirectSell605202624.0331,431755,28729,418,535Form
6Fluxman, Leonard ISee RemarksDirectSell605202624.011,50436,11130,148,709Form
7Fluxman, Leonard ISee RemarksDirectSell529202624.5642,8831,053,24930,877,524Form
8Fluxman, Leonard ISee RemarksDirectSell511202625.268,489214,46932,845,106Form
9McLallen, Walter Field DirectSell313202620.866,000125,1603,084,819Form
10McLallen, Walter Field DirectSell1215202520.215,000101,0593,130,458Form
11Lazarus, StephenPresident, CFO and CEODirectSell1205202521.128,569180,9777,418,400Form
12Heyer, Andrew R DirectSell1205202520.1920,000403,80010,293,205Form
13Fluxman, Leonard ISee RemarksDirectSell1205202520.1210,282206,87423,788,077Form
14Fusfield, Glenn DirectSell903202522.246,028134,0631,234,031Form
15Fusfield, Glenn DirectSell903202522.638,845200,1621,392,084Form
16Fusfield, Glenn DirectSell829202522.5911,057249,7781,589,432Form
17Fusfield, Glenn DirectSell829202522.9413,077299,9861,867,706Form
18Fusfield, Glenn DirectSell826202522.4022,192497,1012,116,666Form
19Fusfield, Glenn DirectSell826202522.9121,739498,0402,673,276Form
20Fusfield, Glenn DirectSell826202522.4213,374299,8453,103,489Form
21Fusfield, Glenn DirectSell821202521.5723,116498,6123,274,304Form
22Heyer, Andrew R See FootnoteSell821202521.5931,289675,5307,171,011Form
23Fusfield, Glenn DirectSell821202521.724,59799,8473,799,154Form
24Fusfield, Glenn Fusfield Family Irrevocable TrustSell821202521.746,060  Form
25Fusfield, Glenn DirectSell821202521.8922,841499,9893,929,518Form
26Heyer, Andrew R See FootnoteSell821202521.8528,711627,3487,941,196Form
27Fusfield, Glenn DirectSell818202522.0513,586299,5714,461,884Form
28Fusfield, Glenn Fusfield Family Irrevocable TrustSell818202522.094,528100,024133,865Form
29Fusfield, Glenn DirectSell818202521.639,237199,7964,670,761Form
30Fusfield, Glenn Fusfield Family Irrevocable TrustSell818202521.644,625100,085229,124Form
31Fusfield, Glenn DirectSell818202522.031,14725,2684,960,627Form
32Fusfield, Glenn Fusfield Family Irrevocable TrustSell818202521.814,587100,042331,796Form
33McLallen, Walter Field DirectSell616202519.332,50048,3252,981,227Form
34Fluxman, Leonard ISee RemarksDirectSell610202519.5837,933742,83121,648,655Form
35Fluxman, Leonard ISee RemarksDirectSell610202519.50236,4334,611,34222,301,269Form
Core Cache Last Updated: 6/22/2026