Market cap
$613 Mln
Revenue (TTM)
$246 Mln
P/E Ratio
9.3
P/B Ratio
2.2
Div. Yield
3.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -8.31 | 1.04 | 2.39 | 2.75 | 3.50 |
| EBIT | -- | -- | -34.08 | 54.43 | 29.51 |
| Net Profit | -41.37 | -18.71 | 14.18 | 49.78 | 40.88 |
| EPS | -41.48 | -16.86 | 17.44 | 58.27 | 41.58 |
| Book Value | -- | -- | 32.63 | 11.52 | 1.89 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 11.88 | 3.43 | 14.35 | 20.30 | 20.25 |
| Net Margin
| -- | -14.26 | 27.76 | -- | -- |
| Return on equity
| 14.79 | 4.95 | 25.09 | 30.10 | 30.72 |
| Return on Capital
| 14.31 | 4.84 | -- | 29.17 | 29.44 |
| Return on Assets
| 9.48 | 3.13 | 14.62 | 19.80 | 18.18 |
| Debt to Equity (x)
| -- | -- | 0.02 | 0.02 | 0.04 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
--
|
29.17
|
29.44
|
-15.68
|
-6.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
25.09
Higher than Peers by 12.18
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
25.09
|
30.10
|
30.72
|
-16.44
|
-6.82
|
|
Peer Median
|
12.91
|
--
|
--
|
--
|
--
|
ROA
14.62
Higher than Peers by 9.62
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
14.62
|
19.80
|
18.18
|
-9.55
|
-4.26
|
|
Peer Median
|
5.00
|
--
|
--
|
--
|
--
|
EBIT Margin
14.35
Higher than Peers by 9.66
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
14.35
|
20.30
|
20.25
|
-4.92
|
-6.30
|
|
Peer Median
|
4.69
|
--
|
--
|
--
|
--
|
Net Margin
27.76
Higher than Peers by 24.50
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
27.76
|
29.98
|
23.47
|
-12.67
|
-6.59
|
|
Peer Median
|
3.27
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
2.39
Higher than Peers by 1.16
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
2.39
|
0.00
|
0.03
|
0.07
|
0.02
|
|
Peer Median
|
1.23
|
--
|
--
|
--
|
--
|
EBIT Growth
-34.08
Lower than Peers by 48.28
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
-34.08
|
0.23
|
526.03
|
16.26
|
47.19
|
|
Peer Median
|
14.20
|
--
|
--
|
--
|
--
|
Net Profit Growth
14.18
Lower than Peers by 1.86
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
14.18
|
27.72
|
291.56
|
-106.45
|
52.81
|
|
Peer Median
|
16.04
|
--
|
--
|
--
|
--
|
EPS Growth
17.44
Lower than Peers by 0.83
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
17.44
|
0.32
|
2.93
|
-1.05
|
0.53
|
|
Peer Median
|
18.27
|
--
|
--
|
--
|
--
|
Book Value Growth
15.34
Higher than Peers by 9.73
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
15.34
|
--
|
--
|
--
|
--
|
|
Peer Median
|
5.62
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.02
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
0.02
|
0.02
|
0.04
|
0.04
|
0.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.33
Lower than Peers by 0.98
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
1.33
|
1.50
|
1.59
|
1.27
|
1.78
|
|
Peer Median
|
2.31
|
--
|
--
|
--
|
--
|
Quick Ratio
1.23
Lower than Peers by 0.59
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
1.23
|
1.41
|
1.49
|
1.14
|
1.67
|
|
Peer Median
|
1.81
|
--
|
--
|
--
|
--
|
Interest Coverage
255.18
Lower than Peers by 1.12
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
255.18
|
--
|
--
|
-5.53
|
-23.20
|
|
Peer Median
|
256.31
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
22.79
Higher than Peers by 1.78
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
22.79
|
30.54
|
26.69
|
29.57
|
31.80
|
|
Peer Median
|
21.00
|
--
|
--
|
--
|
--
|
Asset Turnover
0.53
Lower than Peers by 0.26
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
0.53
|
0.66
|
0.77
|
0.75
|
0.65
|
|
Peer Median
|
0.78
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
--
|
104.53
|
100.96
|
108.11
|
109.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
--
|
54.47
|
70.13
|
65.15
|
58.08
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
--
|
69.27
|
81.89
|
82.14
|
66.27
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
--
|
89.72
|
89.21
|
91.12
|
101.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
9.29
Lower than Peers by 11.78
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
9.29
|
6.78
|
12.96
|
-14.42
|
-30.94
|
|
Peer Median
|
21.08
|
--
|
--
|
--
|
--
|
Price / Book Value
2.22
No difference
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
2.22
|
1.82
|
3.48
|
2.70
|
2.20
|
|
Peer Median
|
2.22
|
--
|
--
|
--
|
--
|
Dividend Yield
3.10
Higher than Peers by 2.23
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
3.10
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.87
|
--
|
--
|
--
|
--
|
EV/EBITDA
9.95
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
9.95
|
6.67
|
11.55
|
-77.57
|
-53.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
613
Higher than Peers by 552
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
OneSpan (OSPN)
|
613
|
--
|
--
|
--
|
--
|
|
Peer Median
|
61
|
--
|
--
|
--
|
--
|