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Side-by-side financial comparison of Affirm Holdings, Inc. (AFRM) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $401.4M, roughly 1.7× Affirm Holdings, Inc.). Affirm Holdings, Inc. runs the higher net margin — 32.3% vs 5.2%, a 27.1% gap on every dollar of revenue. On growth, Affirm Holdings, Inc. posted the faster year-over-year revenue change (32.5% vs 3.6%). Affirm Holdings, Inc. produced more free cash flow last quarter ($118.0M vs $-76.5M). Over the past eight quarters, Affirm Holdings, Inc.'s revenue compounded faster (43.5% CAGR vs 1.8%).
Affirm Holdings, Inc. is an American financial technology company and a point-of-sale lender. Founded in 2012 by PayPal co-founder Max Levchin, it is the largest U.S. based buy now, pay later (BNPL) financier. As of 2025, Affirm reports nearly 26 million users and processing $37 billion in annual payments.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
AFRM vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $401.4M | $692.4M |
| Net Profit | $129.6M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 29.3% | — |
| Net Margin | 32.3% | 5.2% |
| Revenue YoY | 32.5% | 3.6% |
| Net Profit YoY | 61.3% | -28.3% |
| EPS (diluted) | $0.37 | $0.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $692.4M | ||
| Q4 25 | $401.4M | $668.6M | ||
| Q3 25 | $320.5M | $742.9M | ||
| Q2 25 | $306.6M | $698.2M | ||
| Q1 25 | $272.5M | $674.5M | ||
| Q4 24 | $303.0M | $713.5M | ||
| Q3 24 | $231.8M | $679.8M | ||
| Q2 24 | $224.0M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $129.6M | $177.7M | ||
| Q3 25 | $80.7M | $71.3M | ||
| Q2 25 | $69.2M | $54.4M | ||
| Q1 25 | $2.8M | $50.4M | ||
| Q4 24 | $80.4M | $56.1M | ||
| Q3 24 | $-100.2M | $41.2M | ||
| Q2 24 | $-45.1M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 29.3% | 9.8% | ||
| Q3 25 | 19.9% | 11.6% | ||
| Q2 25 | 18.9% | 11.3% | ||
| Q1 25 | -3.1% | 10.9% | ||
| Q4 24 | -1.4% | 10.9% | ||
| Q3 24 | -57.2% | 10.5% | ||
| Q2 24 | -32.8% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 32.3% | 26.6% | ||
| Q3 25 | 25.2% | 9.6% | ||
| Q2 25 | 22.6% | 7.8% | ||
| Q1 25 | 1.0% | 7.5% | ||
| Q4 24 | 26.5% | 7.9% | ||
| Q3 24 | -43.2% | 6.1% | ||
| Q2 24 | -20.2% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.37 | $1.75 | ||
| Q3 25 | $0.23 | $0.71 | ||
| Q2 25 | $0.22 | $0.54 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | $0.23 | $0.55 | ||
| Q3 24 | $-0.31 | $0.40 | ||
| Q2 24 | $-0.13 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | — |
| Total DebtLower is stronger | $9.0B | $488.8M |
| Stockholders' EquityBook value | $3.5B | $1.1B |
| Total Assets | $13.0B | $2.6B |
| Debt / EquityLower = less leverage | 2.54× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $695.9M | ||
| Q3 25 | $1.4B | $7.0M | ||
| Q2 25 | $1.4B | $7.0M | ||
| Q1 25 | $1.4B | $7.0M | ||
| Q4 24 | $1.2B | $504.5M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $9.0B | $487.4M | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.3B | $907.7M | ||
| Q2 25 | $3.1B | $842.1M | ||
| Q1 25 | $2.9B | $773.1M | ||
| Q4 24 | $2.8B | $714.3M | ||
| Q3 24 | $2.8B | $698.0M | ||
| Q2 24 | $2.7B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $13.0B | $2.7B | ||
| Q3 25 | $11.5B | $2.5B | ||
| Q2 25 | $11.2B | $2.3B | ||
| Q1 25 | $10.4B | $2.3B | ||
| Q4 24 | $10.5B | $2.3B | ||
| Q3 24 | $10.1B | $2.4B | ||
| Q2 24 | $9.5B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 2.54× | 0.46× | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $173.7M | — |
| Free Cash FlowOCF − Capex | $118.0M | $-76.5M |
| FCF MarginFCF / Revenue | 29.4% | -11.1% |
| Capex IntensityCapex / Revenue | 13.9% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.1M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $173.7M | $221.1M | ||
| Q3 25 | $374.6M | $101.3M | ||
| Q2 25 | $74.6M | $77.2M | ||
| Q1 25 | $210.4M | $-80.7M | ||
| Q4 24 | $312.0M | $128.4M | ||
| Q3 24 | $196.9M | $91.9M | ||
| Q2 24 | $68.8M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $118.0M | $190.7M | ||
| Q3 25 | $320.2M | $77.0M | ||
| Q2 25 | $23.5M | $46.9M | ||
| Q1 25 | $157.4M | $-106.8M | ||
| Q4 24 | $268.1M | $94.5M | ||
| Q3 24 | $152.7M | $67.0M | ||
| Q2 24 | $30.5M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 29.4% | 28.5% | ||
| Q3 25 | 99.9% | 10.4% | ||
| Q2 25 | 7.7% | 6.7% | ||
| Q1 25 | 57.7% | -15.8% | ||
| Q4 24 | 88.5% | 13.2% | ||
| Q3 24 | 65.9% | 9.9% | ||
| Q2 24 | 13.6% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 13.9% | 4.6% | ||
| Q3 25 | 17.0% | 3.3% | ||
| Q2 25 | 16.7% | 4.3% | ||
| Q1 25 | 19.5% | 3.9% | ||
| Q4 24 | 14.5% | 4.7% | ||
| Q3 24 | 19.0% | 3.7% | ||
| Q2 24 | 17.1% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 1.24× | ||
| Q3 25 | 4.64× | 1.42× | ||
| Q2 25 | 1.08× | 1.42× | ||
| Q1 25 | 75.03× | -1.60× | ||
| Q4 24 | 3.88× | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
OII
Segment breakdown not available.
