COMP <GO>
OSPN vs HQ // EV/EBITDA & P/E VALUATION
OneSpan Inc. (NASDAQ) VS. Horizon Quantum Holdings Ltd. (Class A) (NASDAQ) • 15-METRIC TALLY: OSPN 2
— HQ 1
■ METRIC PARITY
LAST: $20.15 (+0.35%) • MKT CAP: $742.6M
valuation
12.0x
LAST: $15.32 (+0.07%) • MKT CAP: $826.9M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (OSPN VS. HQ)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | OSPN | HQ | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 73.80% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 19.00% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 12.0x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 6.80% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 19.90% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 30.00% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 0.00% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.49% | 0.00% | +2.49 | OSPN | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 5.47 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | — | — | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 85.5 | 45.7 | +39.76 | OSPN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 9.5x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $742.6M | $826.9M | -$84.3M | HQ | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | OSPN REV | HQ REV | OSPN GROSS % | HQ GROSS % | OSPN FCF | HQ FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $243.2M | — | 73.8% | — | $50.5M | — |
| FY 2024 | $243.2M | — | 71.8% | — | $46.4M | — |
| FY 2023 | $235.1M | — | — | — | -$10.7M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
OSPN // BETA —
HQ // BETA —