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Side-by-side financial comparison of B&G Foods, Inc. (BGS) 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 $439.3M, roughly 1.6× B&G Foods, Inc.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -4.4%, a 9.6% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (2.7% vs -4.7%). B&G Foods, Inc. produced more free cash flow last quarter ($-70.7M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -12.8%).
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
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.
BGS vs OII — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $692.4M |
| Net Profit | $-19.1M | $36.1M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | — |
| Net Margin | -4.4% | 5.2% |
| Revenue YoY | -4.7% | 2.7% |
| Net Profit YoY | -356.5% | -79.7% |
| EPS (diluted) | $-0.24 | $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 | — | $668.6M | ||
| Q3 25 | $439.3M | $742.9M | ||
| Q2 25 | $424.4M | $698.2M | ||
| Q1 25 | $425.4M | $674.5M | ||
| Q4 24 | $551.6M | $713.5M | ||
| Q3 24 | $461.1M | $679.8M | ||
| Q2 24 | $444.6M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | — | $177.7M | ||
| Q3 25 | $-19.1M | $71.3M | ||
| Q2 25 | $-9.8M | $54.4M | ||
| Q1 25 | $835.0K | $50.4M | ||
| Q4 24 | $-222.4M | $56.1M | ||
| Q3 24 | $7.5M | $41.2M | ||
| Q2 24 | $3.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 22.5% | 20.6% | ||
| Q2 25 | 20.5% | 21.3% | ||
| Q1 25 | 21.2% | 20.0% | ||
| Q4 24 | 21.5% | 19.9% | ||
| Q3 24 | 22.2% | 19.3% | ||
| Q2 24 | 20.7% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 2.5% | 11.6% | ||
| Q2 25 | 5.2% | 11.3% | ||
| Q1 25 | 8.4% | 10.9% | ||
| Q4 24 | -46.6% | 10.9% | ||
| Q3 24 | 11.1% | 10.5% | ||
| Q2 24 | 9.9% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | -4.4% | 9.6% | ||
| Q2 25 | -2.3% | 7.8% | ||
| Q1 25 | 0.2% | 7.5% | ||
| Q4 24 | -40.3% | 7.9% | ||
| Q3 24 | 1.6% | 6.1% | ||
| Q2 24 | 0.9% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.75 | ||
| Q3 25 | $-0.24 | $0.71 | ||
| Q2 25 | $-0.12 | $0.54 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | $-2.81 | $0.55 | ||
| Q3 24 | $0.09 | $0.40 | ||
| Q2 24 | $0.05 | $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 | $60.9M | — |
| Total DebtLower is stronger | $2.0B | $488.8M |
| Stockholders' EquityBook value | $470.7M | $1.1B |
| Total Assets | $2.9B | $2.6B |
| Debt / EquityLower = less leverage | 4.30× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | $60.9M | $7.0M | ||
| Q2 25 | $54.1M | $7.0M | ||
| Q1 25 | $61.2M | $7.0M | ||
| Q4 24 | $50.6M | $504.5M | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $40.3M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $482.0M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $470.7M | $907.7M | ||
| Q2 25 | $501.4M | $842.1M | ||
| Q1 25 | $513.1M | $773.1M | ||
| Q4 24 | $524.8M | $714.3M | ||
| Q3 24 | $755.3M | $698.0M | ||
| Q2 24 | $765.0M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $2.9B | $2.5B | ||
| Q2 25 | $2.9B | $2.3B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.4B | $2.4B | ||
| Q2 24 | $3.4B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | 0.67× | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — |
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 | $-64.6M | — |
| Free Cash FlowOCF − Capex | $-70.7M | $-76.5M |
| FCF MarginFCF / Revenue | -16.1% | -11.1% |
| Capex IntensityCapex / Revenue | 1.4% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $221.1M | ||
| Q3 25 | $-64.6M | $101.3M | ||
| Q2 25 | $17.8M | $77.2M | ||
| Q1 25 | $52.7M | $-80.7M | ||
| Q4 24 | $80.3M | $128.4M | ||
| Q3 24 | $4.2M | $91.9M | ||
| Q2 24 | $11.3M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $-70.7M | $77.0M | ||
| Q2 25 | $11.5M | $46.9M | ||
| Q1 25 | $42.4M | $-106.8M | ||
| Q4 24 | $71.7M | $94.5M | ||
| Q3 24 | $-679.0K | $67.0M | ||
| Q2 24 | $5.2M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | -16.1% | 10.4% | ||
| Q2 25 | 2.7% | 6.7% | ||
| Q1 25 | 10.0% | -15.8% | ||
| Q4 24 | 13.0% | 13.2% | ||
| Q3 24 | -0.1% | 9.9% | ||
| Q2 24 | 1.2% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.4% | 3.3% | ||
| Q2 25 | 1.5% | 4.3% | ||
| Q1 25 | 2.4% | 3.9% | ||
| Q4 24 | 1.6% | 4.7% | ||
| Q3 24 | 1.0% | 3.7% | ||
| Q2 24 | 1.4% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 63.17× | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 0.56× | 2.23× | ||
| Q2 24 | 2.87× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
