OneSpan OSPN Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 73.6%+1.5pp | 73.8%+2.0pp | 73.9%+3.3pp | 73.9%+4.5pp | 72.1%+3.7pp | |
| Operating margin | 18.8%-1.1pp | 19.9%+1.5pp | 19.8%+5.6pp | 21.1%+13.5pp | 19.8%+22.5pp | |
| Net margin | 28.5%+4.4pp | 30%+6.5pp | 24.1%+12.4pp | 24.9%+18.3pp | 24%+27.3pp | |
| EBITDA margin | 23.3%0.0pp | 24.1%+2.2pp | 23.7%+6.2pp | 24.7%+14.0pp | 23.3%+23.0pp | |
| Free cash flow margin | 19.5%-1.3pp | 20.8%+1.7pp | 21.3%+6.7pp | 22.7%+17.2pp | 20.8%+24.7pp | |
| Returns | ||||||
| Return on equity | 27.8%-1.1pp | 30.1%-0.6pp | 26.9%+11.4pp | 28.5%+19.5pp | 28.9%+33.2pp | |
| Return on assets | 19.5%+0.5pp | 19.8%+1.6pp | 18.4%+8.3pp | 18.6%+13.0pp | 19%+21.7pp | |
| Return on invested capital | 25.3%-13.6pp | 27.8%-6.3pp | 33.2%+9.0pp | 35.9%+23.2pp | 38.8%+45.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×-0.1× | 0.7×-0.1× | 0.8×-0.1× | 0.7×-0.1× | 0.8×0.0× | |
| Inventory turnover | 6.4×+1.2× | 6×+0.8× | 5.2×+0.1× | 5.2×-0.3× | 5.3×+0.2× | |
| Liquidity | ||||||
| Current ratio | 1.3×-0.7× | 1.5×-0.1× | 1.7×0.0× | 1.8×+0.2× | 2×+0.5× | |
| Quick ratio | 1.2×-0.7× | 1.4×-0.1× | 1.6×0.0× | 1.7×+0.3× | 1.8×+0.5× | |
| Cash ratio | 0.5×-0.7× | 0.6×-0.1× | 1×0.0× | 1×+0.3× | 1.2×+0.5× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -0.7×+1.0× | -1.1×+0.3× | -1.3×+0.2× | -1.4×+0.7× | -1.7×+94.6× | |
| Interest coverage | 36.2×+16.2× | 24.4×-0.4× | 20.1×-0.9× | 19.5×+7.9× | 20×+23.9× | |
| Per Share | ||||||
| Book value per share | $7.15+20.7% | $6.99+28.6% | $6.15+24.7% | $6.22+35.8% | $5.92+33.3% | |
| Valuation | ||||||
| Market capitalization | $501.6M-14.2% | $488.27M-30.7% | $608.98M-5.2% | $604.81M+24.0% | $582.18M+31.5% | |
| Enterprise value | $459.8M-5.9% | $426.17M-32.4% | $532.2M-7.3% | $521.33M+20.4% | $485.7M+26.6% | |
| Price / earnings | 7.2×-2.9× | 6.7×-5.6× | 10.5×-11.9× | 10.1×-19.8× | 10×— | |
| Price / sales | 2×-0.4× | 2×-0.9× | 2.5×-0.1× | 2.5×+0.5× | 2.4×+0.6× | |
| Price / book | 1.8×-0.7× | 1.8×-1.5× | 2.6×-0.7× | 2.5×-0.2× | 2.5×-0.1× | |
| EV / EBITDA | 8×-0.6× | 7.3×-4.6× | 9.3×-4.1× | 8.8×-7.6× | 8.6×-619× | |
| EV / sales | 1.9×-0.1× | 1.8×-0.8× | 2.2×-0.1× | 2.2×+0.4× | 2×+0.4× | |
| Free cash flow yield | 9.5%+0.9pp | 10.3%+3.8pp | 8.4%+2.9pp | 9%+6.2pp | 8.6%+10.8pp | |
| Earnings yield | 13.9%+4.0pp | 14.9%+6.8pp | 9.5%+5.1pp | 9.9%+6.6pp | 10%+11.8pp | |
| Dividend yield | 3.8%+3.0pp | 3.8%— | 2.3%— | 1.5%— | 0.8%— | |
| PEG ratio | 0.4×— | 0.2×— | 0.1×— | 0×— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are OneSpan's profit margins?
- OneSpan (OSPN) runs a 73.6% gross margin and a 18.8% operating margin, with a 28.5% net margin.
- Where do OneSpan's ratios come from?
- Every ratio is computed from OneSpan's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
