OSPN vs. FLNC

Last updated Apr 1, 2026

Compare and contrast key facts about OneSpan Inc. (OSPN) and Fluence Energy, Inc. (FLNC).

Performance

OSPN vs. FLNC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneSpan Inc. (OSPN) and Fluence Energy, Inc. (FLNC). The values are adjusted to include any dividend payments, if applicable.

OSPN vs. FLNC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OSPN OneSpan Inc.	-16.98%	-28.50%	72.95%	-4.20%	-33.90%	-17.05%
FLNC Fluence Energy, Inc.	-30.43%	24.56%	-33.42%	39.07%	-51.77%	1.60%

Fundamentals

Market Cap OSPN : $405.07M FLNC : $1.81B
EPS OSPN : $1.88 FLNC : -$0.31
PS Ratio OSPN : 1.68 FLNC : 0.90
PB Ratio OSPN : 1.49 FLNC : 4.66
Total Revenue (TTM) OSPN : $243.18M FLNC : $2.55B
Gross Profit (TTM) OSPN : $179.35M FLNC : $297.63M
EBITDA (TTM) OSPN : $44.78M FLNC : -$28.21M

Returns By Period

In the year-to-date period, OSPN achieves a -16.98% return, which is significantly higher than FLNC's -30.43% return.

OSPN

• 1D: 3.54%
• 1M: -3.45%
• YTD: -16.98%
• 6M: -32.27%
• 1Y: -28.27%
• 3Y*: -14.32%
• 5Y*: -15.54%
• 10Y*: -3.39%

FLNC

• 1D: 5.85%
• 1M: -11.45%
• YTD: -30.43%
• 6M: 27.41%
• 1Y: 183.71%
• 3Y*: -12.08%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

OSPN vs. FLNC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OSPN

OSPN Risk / Return Rank: 17
OSPN Sharpe Ratio Rank: 15
OSPN Sortino Ratio Rank: 18
OSPN Omega Ratio Rank: 16
OSPN Calmar Ratio Rank: 17
OSPN Martin Ratio Rank: 17

FLNC

FLNC Risk / Return Rank: 85
FLNC Sharpe Ratio Rank: 87
FLNC Sortino Ratio Rank: 85
FLNC Omega Ratio Rank: 83
FLNC Calmar Ratio Rank: 86
FLNC Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OSPN vs. FLNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneSpan Inc. (OSPN) and Fluence Energy, Inc. (FLNC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	OSPN	FLNC	Difference
Sharpe ratio Return per unit of total volatility	-0.61	1.67	-2.28
Sortino ratio Return per unit of downside risk	-0.56	2.39	-2.95
Omega ratio Gain probability vs. loss probability	0.91	1.31	-0.40
Calmar ratio Return relative to maximum drawdown	-0.70	2.95	-3.65
Martin ratio Return relative to average drawdown	-1.24	7.26	-8.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSPN vs. FLNC - Sharpe Ratio Comparison

The current OSPN Sharpe Ratio is -0.61, which is lower than the FLNC Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of OSPN and FLNC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OSPN	FLNC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	1.67	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.20	+0.25

Correlation

The correlation between OSPN and FLNC is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

OSPN vs. FLNC - Dividend Comparison

OSPN's dividend yield for the trailing twelve months is around 4.65%, while FLNC has not paid dividends to shareholders.

	TTM	2025
OSPN OneSpan Inc.	4.65%	3.74%
FLNC Fluence Energy, Inc.	0.00%	0.00%

Drawdowns

OSPN vs. FLNC - Drawdown Comparison

The maximum OSPN drawdown since its inception was -95.31%, which is greater than FLNC's maximum drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for OSPN and FLNC.

Drawdown Indicators

	OSPN	FLNC	Difference
Max Drawdown Largest peak-to-trough decline	-95.31%	-90.40%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	-42.02%	-59.66%	+17.64%
Max Drawdown (5Y) Largest decline over 5 years	-73.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.61%	—	—
Current Drawdown Current decline from peak	-74.38%	-63.41%	-10.97%
Average Drawdown Average peak-to-trough decline	-62.05%	-53.81%	-8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.53%	24.27%	-0.74%

Volatility

OSPN vs. FLNC - Volatility Comparison

The current volatility for OneSpan Inc. (OSPN) is 9.21%, while Fluence Energy, Inc. (FLNC) has a volatility of 22.32%. This indicates that OSPN experiences smaller price fluctuations and is considered to be less risky than FLNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSPN	FLNC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.21%	22.32%	-13.11%
Volatility (6M) Calculated over the trailing 6-month period	40.92%	89.09%	-48.17%
Volatility (1Y) Calculated over the trailing 1-year period	46.54%	110.63%	-64.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.80%	93.74%	-43.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.36%	93.74%	-43.38%

Financials

OSPN vs. FLNC - Profitability Comparison

The chart below illustrates the profitability comparison between OneSpan Inc. and Fluence Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OSPN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, OneSpan Inc. reported a gross profit of 46.29M and revenue of 62.92M. Therefore, the gross margin over that period was 73.6%.

FLNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fluence Energy, Inc. reported a gross profit of 23.05M and revenue of 475.23M. Therefore, the gross margin over that period was 4.9%.

OSPN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, OneSpan Inc. reported an operating income of 12.53M and revenue of 62.92M, resulting in an operating margin of 19.9%.

FLNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fluence Energy, Inc. reported an operating income of -59.37M and revenue of 475.23M, resulting in an operating margin of -12.5%.

OSPN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, OneSpan Inc. reported a net income of 43.54M and revenue of 62.92M, resulting in a net margin of 69.2%.

FLNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fluence Energy, Inc. reported a net income of -45.07M and revenue of 475.23M, resulting in a net margin of -9.5%.