Grid Dynamics Holdings, Inc. (GDYN) vs OneSpan Inc. (OSPN)

A side-by-side comparison of Grid Dynamics Holdings, Inc. and OneSpan Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — GDYN vs OSPN

growth of $100 · dividends reinvested · last 8y
GDYN -17.5% (-2.4%/yr)OSPN +15.2% (+1.8%/yr)OSPN compounded faster over this window
100200300400Start $1002020202220242026$83$115
GDYN OSPN

GDYN vs OSPN: by the numbers

  • •OSPN is the larger company ($689M vs $627M market cap).
  • •OSPN trades at the lower trailing earnings multiple (10.44 vs 284.19 P/E), one valuation lens rather than an overall verdict.
  • •OSPN converts more revenue to profit (27.76% vs 0.68% net margin).
  • •GDYN grew revenue faster over the past five years (24.16% vs 3.50% CAGR).
  • •OSPN pays a dividend (2.74% yield), while GDYN has no payments in the available dividend history.

Metrics side by side

Valuation

MetricGDYNOSPN
P/E ratio284.1910.44
Forward P/EN/A14.94
P/S ratio1.482.80
P/B ratio1.212.52
EV / EBITDA14.3810.80
FCF yield2.55%5.66%

Profitability

MetricGDYNOSPN
Gross margin34.72%70.56%
Operating margin-0.44%18.76%
Net margin0.68%27.76%
ROE0.55%25.01%
ROIC-0.19%15.90%

Dividends

MetricGDYNOSPN
Dividend yieldN/A2.74%
Payout ratioN/A28.65%

Growth (annualized)

MetricGDYNOSPN
Revenue CAGR (5Y)24.16%3.50%
FCF CAGR (5Y)8.96%32.45%
Total return CAGR (5Y)-23.01%0.74%

Frequently asked

Which has the lower trailing P/E, GDYN or OSPN?
OSPN has the lower trailing P/E: GDYN trades at 284.19 and OSPN at 10.44. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, GDYN or OSPN?
Over the past five years, GDYN grew revenue faster — GDYN at a 24.16% CAGR versus OSPN at 3.50%.
Does GDYN or OSPN pay a bigger dividend?
OSPN pays a dividend (2.74% yield), while GDYN has no payments in the available dividend history.
Is GDYN or OSPN more profitable?
OSPN runs the higher net margin — GDYN at 0.68% versus OSPN at 27.76%.
How have GDYN and OSPN total returns compared?
Over the past 5 years, GDYN delivered -23.01% and OSPN delivered 0.74% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.