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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) 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 $351.4M, roughly 2.0× APOGEE ENTERPRISES, INC.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 4.7%, a 0.5% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs 1.8%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs OII — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $692.4M |
| Net Profit | $16.6M | $36.1M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | — |
| Net Margin | 4.7% | 5.2% |
| Revenue YoY | 1.6% | 3.6% |
| Net Profit YoY | 568.8% | -28.3% |
| EPS (diluted) | $0.78 | $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 | $351.4M | $692.4M | ||
| Q4 25 | $348.6M | $668.6M | ||
| Q3 25 | $358.2M | $742.9M | ||
| Q2 25 | $346.6M | $698.2M | ||
| Q1 25 | $345.7M | $674.5M | ||
| Q4 24 | $341.3M | $713.5M | ||
| Q3 24 | $342.4M | $679.8M | ||
| Q2 24 | $331.5M | $668.8M |
| Q1 26 | $16.6M | $36.1M | ||
| Q4 25 | $16.5M | $177.7M | ||
| Q3 25 | $23.6M | $71.3M | ||
| Q2 25 | $-2.7M | $54.4M | ||
| Q1 25 | $2.5M | $50.4M | ||
| Q4 24 | $21.0M | $56.1M | ||
| Q3 24 | $30.6M | $41.2M | ||
| Q2 24 | $31.0M | $35.0M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 19.8% | ||
| Q3 25 | 23.1% | 20.6% | ||
| Q2 25 | 21.7% | 21.3% | ||
| Q1 25 | 21.6% | 20.0% | ||
| Q4 24 | 26.1% | 19.9% | ||
| Q3 24 | 28.4% | 19.3% | ||
| Q2 24 | 29.8% | 18.0% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 9.8% | ||
| Q3 25 | 7.5% | 11.6% | ||
| Q2 25 | 2.0% | 11.3% | ||
| Q1 25 | 1.8% | 10.9% | ||
| Q4 24 | 8.4% | 10.9% | ||
| Q3 24 | 12.3% | 10.5% | ||
| Q2 24 | 12.5% | 9.0% |
| Q1 26 | 4.7% | 5.2% | ||
| Q4 25 | 4.7% | 26.6% | ||
| Q3 25 | 6.6% | 9.6% | ||
| Q2 25 | -0.8% | 7.8% | ||
| Q1 25 | 0.7% | 7.5% | ||
| Q4 24 | 6.1% | 7.9% | ||
| Q3 24 | 8.9% | 6.1% | ||
| Q2 24 | 9.4% | 5.2% |
| Q1 26 | $0.78 | $0.36 | ||
| Q4 25 | $0.77 | $1.75 | ||
| Q3 25 | $1.10 | $0.71 | ||
| Q2 25 | $-0.13 | $0.54 | ||
| Q1 25 | $0.12 | $0.49 | ||
| Q4 24 | $0.96 | $0.55 | ||
| Q3 24 | $1.40 | $0.40 | ||
| Q2 24 | $1.41 | $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 | $39.5M | — |
| Total DebtLower is stronger | $232.3M | $488.8M |
| Stockholders' EquityBook value | $511.8M | $1.1B |
| Total Assets | $1.1B | $2.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $695.9M | ||
| Q3 25 | $39.5M | $7.0M | ||
| Q2 25 | $32.8M | $7.0M | ||
| Q1 25 | $41.4M | $7.0M | ||
| Q4 24 | $43.9M | $504.5M | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — |
| Q1 26 | $232.3M | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | $1.1B | ||
| Q4 25 | $512.3M | $1.1B | ||
| Q3 25 | $500.2M | $907.7M | ||
| Q2 25 | $481.8M | $842.1M | ||
| Q1 25 | $487.9M | $773.1M | ||
| Q4 24 | $522.1M | $714.3M | ||
| Q3 24 | $506.4M | $698.0M | ||
| Q2 24 | $480.0M | $651.0M |
| Q1 26 | $1.1B | $2.6B | ||
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $917.1M | $2.4B | ||
| Q2 24 | $889.0M | $2.3B |
| Q1 26 | 0.45× | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $122.5M | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | 7.8% | 2.5% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $221.1M | ||
| Q3 25 | $57.1M | $101.3M | ||
| Q2 25 | $-19.8M | $77.2M | ||
| Q1 25 | $30.0M | $-80.7M | ||
| Q4 24 | $31.0M | $128.4M | ||
| Q3 24 | $58.7M | $91.9M | ||
| Q2 24 | $5.5M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $22.9M | $190.7M | ||
| Q3 25 | $52.4M | $77.0M | ||
| Q2 25 | $-26.9M | $46.9M | ||
| Q1 25 | $19.1M | $-106.8M | ||
| Q4 24 | $22.0M | $94.5M | ||
| Q3 24 | $50.2M | $67.0M | ||
| Q2 24 | $-1.8M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 6.6% | 28.5% | ||
| Q3 25 | 14.6% | 10.4% | ||
| Q2 25 | -7.8% | 6.7% | ||
| Q1 25 | 5.5% | -15.8% | ||
| Q4 24 | 6.4% | 13.2% | ||
| Q3 24 | 14.7% | 9.9% | ||
| Q2 24 | -0.5% | 4.5% |
| Q1 26 | 7.8% | 2.5% | ||
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 2.1% | 4.3% | ||
| Q1 25 | 3.2% | 3.9% | ||
| Q4 24 | 2.6% | 4.7% | ||
| Q3 24 | 2.5% | 3.7% | ||
| Q2 24 | 2.2% | 3.4% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 1.24× | ||
| Q3 25 | 2.41× | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 12.08× | -1.60× | ||
| Q4 24 | 1.48× | 2.29× | ||
| Q3 24 | 1.92× | 2.23× | ||
| Q2 24 | 0.18× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
OII
Segment breakdown not available.
