Comprehensive Stock Comparison
Compare OneSpan Inc. (OSPN) vs CyberArk Software Ltd. (CYBR) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | CYBR | 36.0% revenue growth vs OSPN's 0.0% |
| Value | OSPN | Lower P/E (7.8x vs 81.9x) |
| Quality / Margins | OSPN | 30.0% net margin vs CYBR's -10.8% |
| Stability / Safety | CYBR | Beta 1.05 vs OSPN's 1.06 |
| Dividends | OSPN | 4.3% yield; 2-year raise streak; CYBR pays no meaningful dividend |
| Momentum (1Y) | CYBR | +12.4% vs OSPN's -28.9% |
| Efficiency (ROA) | OSPN | 18.3% ROA vs CYBR's -3.0%, ROIC 21.0% vs -3.2% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
OneSpan provides digital security and identity verification solutions primarily for financial institutions and regulated industries. It generates revenue through software licenses, cloud-based subscription services, and professional services — with its Trusted Identity Platform and e-signature solutions being core offerings. The company's competitive advantage lies in its deep expertise in financial sector security compliance and its integrated platform approach to authentication, fraud prevention, and digital transaction security.
CyberArk is a cybersecurity company specializing in privileged access management — protecting organizations' most critical accounts and credentials from cyberattacks. It generates revenue primarily through software license sales and subscription services — including SaaS offerings — with maintenance and professional services contributing additional recurring income. The company's competitive advantage lies in its deep specialization in the privileged access security niche, where it has established market leadership and a comprehensive platform that's difficult for competitors to replicate.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
OSPN leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). CYBR leads in 2 (Total Returns, Risk & Volatility). 1 tied.
Financial Metrics (TTM)
CYBR is the larger business by revenue, generating $1.4B annually — 5.6x OSPN's $243M. OSPN is the more profitable business, keeping 30.0% of every revenue dollar as net income compared to CYBR's -10.8%. On growth, CYBR holds the edge at +18.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OSPNOneSpan Inc. | CYBRCyberArk Software… |
|---|---|---|
| RevenueTrailing 12 months | $243M | $1.4B |
| EBITDAEarnings before interest/tax | $44M | $23M |
| Net IncomeAfter-tax profit | $73M | -$147M |
| Free Cash FlowCash after capex | $49M | $259M |
| Gross MarginGross profit ÷ Revenue | +73.8% | +74.3% |
| Operating MarginEBIT ÷ Revenue | +19.9% | -7.7% |
| Net MarginNet income ÷ Revenue | +30.0% | -10.8% |
| FCF MarginFCF ÷ Revenue | +20.3% | +19.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.9% | +18.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +56.9% | +83.2% |
Valuation Metrics
On an enterprise value basis, OSPN's 7.9x EV/EBITDA is more attractive than CYBR's 908.2x.
| Metric | OSPNOneSpan Inc. | CYBRCyberArk Software… |
|---|---|---|
| Market CapShares × price | $412M | $20.6B |
| Enterprise ValueMkt cap + debt − cash | $348M | $21.2B |
| Trailing P/EPrice ÷ TTM EPS | 5.81x | -139.54x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.76x | 81.87x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.94x | 908.21x |
| Price / SalesMarket cap ÷ Revenue | 1.70x | 15.16x |
| Price / BookPrice ÷ Book value/share | 1.56x | 8.54x |
| Price / FCFMarket cap ÷ FCF | 8.17x | 79.60x |
Profitability & Efficiency
OSPN delivers a 26.8% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $-6 for CYBR. OSPN carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to CYBR's 0.51x. On the Piotroski fundamental quality scale (0–9), OSPN scores 6/9 vs CYBR's 3/9, reflecting solid financial health.
| Metric | OSPNOneSpan Inc. | CYBRCyberArk Software… |
|---|---|---|
| ROE (TTM)Return on equity | +26.8% | -6.1% |
| ROA (TTM)Return on assets | +18.3% | -3.0% |
| ROICReturn on invested capital | +21.0% | -3.2% |
| ROCEReturn on capital employed | +18.9% | -3.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 3 |
| Debt / EquityFinancial leverage | 0.02x | 0.51x |
| Net DebtTotal debt minus cash | -$64M | $599M |
| Cash & Equiv.Liquid assets | $70M | $623M |
| Total DebtShort + long-term debt | $6M | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in CYBR five years ago would be worth $26,916 today (with dividends reinvested), compared to $4,566 for OSPN. Over the past 12 months, CYBR leads with a +12.4% total return vs OSPN's -28.9%. The 3-year compound annual growth rate (CAGR) favors CYBR at 41.3% vs OSPN's -5.2% — a key indicator of consistent wealth creation.
| Metric | OSPNOneSpan Inc. | CYBRCyberArk Software… |
|---|---|---|
| YTD ReturnYear-to-date | -10.2% | -6.1% |
| 1-Year ReturnPast 12 months | -28.9% | +12.4% |
| 3-Year ReturnCumulative with dividends | -14.8% | +182.4% |
| 5-Year ReturnCumulative with dividends | -54.3% | +169.2% |
| 10-Year ReturnCumulative with dividends | -16.2% | +991.1% |
| CAGR (3Y)Annualised 3-year return | -5.2% | +41.3% |
Risk & Volatility
CYBR is the less volatile stock with a 1.05 beta — it tends to amplify market swings less than OSPN's 1.06 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CYBR currently trades 77.7% from its 52-week high vs OSPN's 60.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OSPNOneSpan Inc. | CYBRCyberArk Software… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.06x | 1.05x |
| 52-Week HighHighest price in past year | $18.13 | $526.19 |
| 52-Week LowLowest price in past year | $10.17 | $288.63 |
| % of 52W HighCurrent price vs 52-week peak | +60.9% | +77.7% |
| RSI (14)Momentum oscillator 0–100 | 48.8 | 38.9 |
| Avg Volume (50D)Average daily shares traded | 482K | 810K |
Analyst Outlook
Wall Street rates OSPN as "Buy" and CYBR as "Buy". Consensus price targets imply 17.8% upside for OSPN (target: $13) vs 14.0% for CYBR (target: $466). OSPN is the only dividend payer here at 4.35% yield — a key consideration for income-focused portfolios.
| Metric | OSPNOneSpan Inc. | CYBRCyberArk Software… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $13.00 | $466.17 |
| # AnalystsCovering analysts | 15 | 49 |
| Dividend YieldAnnual dividend ÷ price | +4.3% | — |
| Dividend StreakConsecutive years of raises | 2 | — |
| Dividend / ShareAnnual DPS | $0.48 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.2% | +0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| OneSpan Inc. (OSPN) | 100 | 71.21 | -28.8% |
| CyberArk Software L… (CYBR) | 100 | 399.88 | +299.9% |
CyberArk Software L… (CYBR) returned +169% over 5 years vs OneSpan Inc. (OSPN)'s -54%. A $10,000 investment in CYBR 5 years ago would be worth $26,916 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| OneSpan Inc. (OSPN) | $192M | $243M | +26.5% |
| CyberArk Software L… (CYBR) | $217M | $1.4B | +528.4% |
OneSpan Inc.'s revenue grew from $192M (2016) to $243M (2025) — a 2.6% CAGR. CyberArk Software Ltd.'s revenue grew from $217M (2016) to $1.4B (2025) — a 22.7% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| OneSpan Inc. (OSPN) | 5.5% | 30.0% | +448.3% |
| CyberArk Software L… (CYBR) | 13.0% | -10.8% | -183.1% |
OneSpan Inc.'s net margin went from 5% (2016) to 30% (2025). CyberArk Software Ltd.'s net margin went from 13% (2016) to -11% (2025).
Chart 4P/E Ratio History — 5 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| OneSpan Inc. (OSPN) | 134.9 | 6.8 | -95.0% |
| CyberArk Software L… (CYBR) | 94.1 | 72 | -23.5% |
OneSpan Inc. has traded in a 7x–135x P/E range over 4 years; current trailing P/E is ~6x. CyberArk Software Ltd. has traded in a 58x–94x P/E range over 3 years; current trailing P/E is ~-140x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| OneSpan Inc. (OSPN) | 0.26 | 1.9 | +630.8% |
| CyberArk Software L… (CYBR) | 0.78 | -2.93 | -475.6% |
OneSpan Inc.'s EPS grew from $0.26 (2016) to $1.90 (2025) — a 25% CAGR. CyberArk Software Ltd.'s EPS grew from $0.78 (2016) to $-2.93 (2025) — a NaN% CAGR.
Chart 6Free Cash Flow — 5 Years
OneSpan Inc. generated $50M FCF in 2025 (+1120% vs 2021). CyberArk Software Ltd. generated $259M FCF in 2025 (+294% vs 2021).
OSPN vs CYBR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is OSPN or CYBR a better buy right now?
OneSpan Inc. (OSPN) offers the better valuation at 5.8x trailing P/E (7.8x forward), making it the more compelling value choice. Analysts rate OneSpan Inc. (OSPN) a "Buy" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — OSPN or CYBR?
On forward P/E, OneSpan Inc. is actually cheaper at 7.8x.
03Which is the better long-term investment — OSPN or CYBR?
Over the past 5 years, CyberArk Software Ltd. (CYBR) delivered a total return of +169.2%, compared to -54.3% for OneSpan Inc. (OSPN). A $10,000 investment in CYBR five years ago would be worth approximately $27K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CYBR returned +991.1% versus OSPN's -16.2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OSPN or CYBR?
By beta (market sensitivity over 5 years), CyberArk Software Ltd. (CYBR) is the lower-risk stock at 1.05β versus OneSpan Inc.'s 1.06β — meaning OSPN is approximately 1% more volatile than CYBR relative to the S&P 500. On balance sheet safety, OneSpan Inc. (OSPN) carries a lower debt/equity ratio of 2% versus 51% for CyberArk Software Ltd. — giving it more financial flexibility in a downturn.
05Which has better profit margins — OSPN or CYBR?
OneSpan Inc. (OSPN) is the more profitable company, earning 30.0% net margin versus -10.8% for CyberArk Software Ltd. — meaning it keeps 30.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OSPN leads at 19.9% versus -7.7% for CYBR. At the gross margin level — before operating expenses — CYBR leads at 74.3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is OSPN or CYBR more undervalued right now?
On forward earnings alone, OneSpan Inc. (OSPN) trades at 7.8x forward P/E versus 81.9x for CyberArk Software Ltd. — 74.1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OSPN: 17.8% to $13.00.
07Which pays a better dividend — OSPN or CYBR?
In this comparison, OSPN (4.3% yield) pays a dividend. CYBR does not pay a meaningful dividend and should not be held primarily for income.
08Is OSPN or CYBR better for a retirement portfolio?
For long-horizon retirement investors, CyberArk Software Ltd. (CYBR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.05), +991.1% 10Y return). Both have compounded well over 10 years (CYBR: +991.1%, OSPN: -16.2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between OSPN and CYBR?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: OSPN is a small-cap deep-value stock; CYBR is a mid-cap quality compounder stock. OSPN pays a dividend while CYBR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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