OSPN
OneSpan Inc.
Software - Infrastructure
Market Cap$455M
5Y Perf.-50.4%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
OSPN vs DOCN
Revenue, margins, valuation, and 5-year total return — side by side.
DOCN
DigitalOcean Holdings, Inc.
Software - Infrastructure
Market Cap$15.72B
5Y Perf.+257.4%
OSPN vs DOCN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | OSPN | DOCN |
|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure |
| Market Cap | $455M | $15.72B |
| Revenue (TTM) | $246M | $949M |
| Net Income (TTM) | $70M | $254M |
| Gross Margin | 70.5% | 58.5% |
| Operating Margin | 19.4% | 16.4% |
| Forward P/E | 9.9x | 147.2x |
| Total Debt | $6M | $731M |
| Cash & Equiv. | $70M | $254M |
OSPN vs DOCN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
OSPN
DOCN
| Stock | Mar 21 | May 26 | Return |
|---|---|---|---|
| OneSpan Inc. (OSPN) | 100 | 49.6 | -50.4% |
| DigitalOcean Holdin… (DOCN) | 100 | 357.4 | +257.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OSPN vs DOCN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: OSPN leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. DigitalOcean Holdings, Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
OSPN
OneSpan Inc.
The Income Pick
OSPN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 1.23, yield 3.9%
- Lower volatility, beta 1.23, Low D/E 2.3%, current ratio 1.50x
- Beta 1.23, yield 3.9%, current ratio 1.50x
Best for: income & stability and sleep-well-at-night
DOCN
DigitalOcean Holdings, Inc.
The Growth Play
DOCN is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 15.5%, EPS growth 183.1%, 3Y rev CAGR 16.1%
- 254.3% 10Y total return vs OSPN's -21.7%
- 15.5% revenue growth vs OSPN's 0.0%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DOCN | 15.5% revenue growth vs OSPN's 0.0% |
| Value | OSPN | Lower P/E (9.9x vs 147.2x) |
| Quality / Margins | OSPN | 28.5% margin vs DOCN's 26.8% |
| Stability / Safety | OSPN | Beta 1.23 vs DOCN's 2.22 |
| Dividends | OSPN | 3.9% yield; 2-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | DOCN | +426.1% vs OSPN's -19.1% |
| Efficiency (ROA) | OSPN | 18.9% ROA vs DOCN's 13.0%, ROIC 21.7% vs 15.6% |
OSPN vs DOCN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
OSPN vs DOCN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLOSPNLAGGINGDOCN
DOCNDigitalOcean Holdings…
1leads
OSPNOneSpan Inc.
3leads
6 Total Categories
CATEGORYLEADERvs DOCNMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
OSPN5/6
Valuation MetricsMultiples, price ratios, and targets
OSPN5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
OSPN6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
DOCN6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
OSPN leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DOCN is the larger business by revenue, generating $949M annually — 3.9x OSPN's $246M. Profitability is closely matched — net margins range from 28.5% (OSPN) to 26.8% (DOCN). On growth, DOCN holds the edge at +22.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OSPNOneSpan Inc. | DOCNDigitalOcean Hold… |
|---|---|---|
| RevenueTrailing 12 months | $246M | $949M |
| EBITDAEarnings before interest/tax | $57M | $315M |
| Net IncomeAfter-tax profit | $70M | $254M |
| Free Cash FlowCash after capex | $47M | $38M |
| Gross MarginGross profit ÷ Revenue | +70.5% | +58.5% |
| Operating MarginEBIT ÷ Revenue | +19.4% | +16.4% |
| Net MarginNet income ÷ Revenue | +28.5% | +26.8% |
| FCF MarginFCF ÷ Revenue | +19.0% | +4.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.1% | +22.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -18.9% | -59.5% |
OSPN leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
OSPN leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 6.4x trailing earnings, OSPN trades at a 89% valuation discount to DOCN's 59.8x P/E. On an enterprise value basis, OSPN's 6.0x EV/EBITDA is more attractive than DOCN's 55.0x.
| Metric | OSPNOneSpan Inc. | DOCNDigitalOcean Hold… |
|---|---|---|
| Market CapShares × price | $455M | $15.7B |
| Enterprise ValueMkt cap + debt − cash | $391M | $16.2B |
| Trailing P/EPrice ÷ TTM EPS | 6.39x | 59.75x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.89x | 147.21x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 6.00x | 54.99x |
| Price / SalesMarket cap ÷ Revenue | 1.87x | 17.43x |
| Price / BookPrice ÷ Book value/share | 1.72x | — |
| Price / FCFMarket cap ÷ FCF | 9.02x | 92.58x |
OSPN leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
OSPN leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
DOCN delivers a 165.7% return on equity — every $100 of shareholder capital generates $166 in annual profit, vs $27 for OSPN. On the Piotroski fundamental quality scale (0–9), DOCN scores 7/9 vs OSPN's 5/9, reflecting strong financial health.
| Metric | OSPNOneSpan Inc. | DOCNDigitalOcean Hold… |
|---|---|---|
| ROE (TTM)Return on equity | +27.3% | +165.7% |
| ROA (TTM)Return on assets | +18.9% | +13.0% |
| ROICReturn on invested capital | +21.7% | +15.6% |
| ROCEReturn on capital employed | +19.6% | +11.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.02x | — |
| Net DebtTotal debt minus cash | -$64M | $476M |
| Cash & Equiv.Liquid assets | $70M | $254M |
| Total DebtShort + long-term debt | $6M | $731M |
| Interest CoverageEBIT ÷ Interest expense | 1656.95x | 134.84x |
OSPN leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
DOCN leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DOCN five years ago would be worth $35,598 today (with dividends reinvested), compared to $4,969 for OSPN. Over the past 12 months, DOCN leads with a +426.1% total return vs OSPN's -19.1%. The 3-year compound annual growth rate (CAGR) favors DOCN at 65.5% vs OSPN's -2.4% — a key indicator of consistent wealth creation.
| Metric | OSPNOneSpan Inc. | DOCNDigitalOcean Hold… |
|---|---|---|
| YTD ReturnYear-to-date | -0.1% | +207.5% |
| 1-Year ReturnPast 12 months | -19.1% | +426.1% |
| 3-Year ReturnCumulative with dividends | -7.0% | +353.4% |
| 5-Year ReturnCumulative with dividends | -50.3% | +256.0% |
| 10-Year ReturnCumulative with dividends | -21.7% | +254.3% |
| CAGR (3Y)Annualised 3-year return | -2.4% | +65.5% |
DOCN leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — OSPN and DOCN each lead in 1 of 2 comparable metrics.
Risk & Volatility
OSPN is the less volatile stock with a 1.23 beta — it tends to amplify market swings less than DOCN's 2.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DOCN currently trades 93.0% from its 52-week high vs OSPN's 67.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OSPNOneSpan Inc. | DOCNDigitalOcean Hold… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.23x | 2.22x |
| 52-Week HighHighest price in past year | $18.13 | $162.00 |
| 52-Week LowLowest price in past year | $10.07 | $25.56 |
| % of 52W HighCurrent price vs 52-week peak | +67.0% | +93.0% |
| RSI (14)Momentum oscillator 0–100 | 61.5 | 85.7 |
| Avg Volume (50D)Average daily shares traded | 599K | 4.1M |
Evenly matched — OSPN and DOCN each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates OSPN as "Buy" and DOCN as "Buy". Consensus price targets imply 27.6% upside for OSPN (target: $16) vs -46.1% for DOCN (target: $81). OSPN is the only dividend payer here at 3.95% yield — a key consideration for income-focused portfolios.
| Metric | OSPNOneSpan Inc. | DOCNDigitalOcean Hold… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $15.50 | $81.13 |
| # AnalystsCovering analysts | 15 | 19 |
| Dividend YieldAnnual dividend ÷ price | +3.9% | — |
| Dividend StreakConsecutive years of raises | 2 | — |
| Dividend / ShareAnnual DPS | $0.48 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.9% | +0.5% |
Insufficient data to determine a leader in this category.
Key Takeaway
OSPN leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). DOCN leads in 1 (Total Returns). 1 tied.
Best OverallOneSpan Inc. (OSPN)Leads 3 of 6 categories
Loading custom metrics...
OSPN vs DOCN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is OSPN or DOCN a better buy right now?
For growth investors, DigitalOcean Holdings, Inc.
(DOCN) is the stronger pick with 15. 5% revenue growth year-over-year, versus 0. 0% for OneSpan Inc. (OSPN). OneSpan Inc. (OSPN) offers the better valuation at 6. 4x trailing P/E (9. 9x 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 DOCN?
On trailing P/E, OneSpan Inc.
(OSPN) is the cheapest at 6. 4x versus DigitalOcean Holdings, Inc. at 59. 8x. On forward P/E, OneSpan Inc. is actually cheaper at 9. 9x.
03Which is the better long-term investment — OSPN or DOCN?
Over the past 5 years, DigitalOcean Holdings, Inc.
(DOCN) delivered a total return of +256. 0%, compared to -50. 3% for OneSpan Inc. (OSPN). Over 10 years, the gap is even starker: DOCN returned +254. 3% versus OSPN's -21. 7%. 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 DOCN?
By beta (market sensitivity over 5 years), OneSpan Inc.
(OSPN) is the lower-risk stock at 1. 23β versus DigitalOcean Holdings, Inc. 's 2. 22β — meaning DOCN is approximately 80% more volatile than OSPN relative to the S&P 500.
05Which is growing faster — OSPN or DOCN?
By revenue growth (latest reported year), DigitalOcean Holdings, Inc.
(DOCN) is pulling ahead at 15. 5% versus 0. 0% for OneSpan Inc. (OSPN). On earnings-per-share growth, the picture is similar: DigitalOcean Holdings, Inc. grew EPS 183. 1% year-over-year, compared to 30. 1% for OneSpan Inc.. Over a 3-year CAGR, DOCN leads at 16. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — OSPN or DOCN?
OneSpan Inc.
(OSPN) is the more profitable company, earning 30. 0% net margin versus 28. 8% for DigitalOcean Holdings, Inc. — meaning it keeps 30. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OSPN leads at 20. 6% versus 17. 4% for DOCN. At the gross margin level — before operating expenses — OSPN leads at 70. 7%, 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.
07Is OSPN or DOCN more undervalued right now?
On forward earnings alone, OneSpan Inc.
(OSPN) trades at 9. 9x forward P/E versus 147. 2x for DigitalOcean Holdings, Inc. — 137. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OSPN: 27. 6% to $15. 50.
08Which pays a better dividend — OSPN or DOCN?
In this comparison, OSPN (3.
9% yield) pays a dividend. DOCN does not pay a meaningful dividend and should not be held primarily for income.
09Is OSPN or DOCN better for a retirement portfolio?
For long-horizon retirement investors, OneSpan Inc.
(OSPN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 23), 3. 9% yield). DigitalOcean Holdings, Inc. (DOCN) carries a higher beta of 2. 22 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (OSPN: -21. 7%, DOCN: +254. 3%), 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.
10What are the main differences between OSPN and DOCN?
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; DOCN is a mid-cap high-growth stock. OSPN pays a dividend while DOCN 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(OSPN: 4.1% · DOCN: 22.4%)Net Margin>
%
(OSPN: 28.5% · DOCN: 26.8%)P/E Ratio<
x
(OSPN: 6.4x · DOCN: 59.8x)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.