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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) 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 $414.7M, roughly 1.7× BILL Holdings, Inc.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -0.6%, a 5.8% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 3.6%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-76.5M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 1.8%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
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.
BILL vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $692.4M |
| Net Profit | $-2.6M | $36.1M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | — |
| Net Margin | -0.6% | 5.2% |
| Revenue YoY | 14.4% | 3.6% |
| Net Profit YoY | -107.7% | -28.3% |
| EPS (diluted) | $-0.03 | $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 | $414.7M | $668.6M | ||
| Q3 25 | $395.7M | $742.9M | ||
| Q2 25 | $383.3M | $698.2M | ||
| Q1 25 | $358.2M | $674.5M | ||
| Q4 24 | $362.6M | $713.5M | ||
| Q3 24 | $358.4M | $679.8M | ||
| Q2 24 | $343.7M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $-2.6M | $177.7M | ||
| Q3 25 | $-3.0M | $71.3M | ||
| Q2 25 | $-7.1M | $54.4M | ||
| Q1 25 | $-11.6M | $50.4M | ||
| Q4 24 | $33.5M | $56.1M | ||
| Q3 24 | $8.9M | $41.2M | ||
| Q2 24 | $7.6M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 79.8% | 19.8% | ||
| Q3 25 | 80.5% | 20.6% | ||
| Q2 25 | 80.8% | 21.3% | ||
| Q1 25 | 81.2% | 20.0% | ||
| Q4 24 | 81.6% | 19.9% | ||
| Q3 24 | 82.0% | 19.3% | ||
| Q2 24 | 81.0% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | -4.4% | 9.8% | ||
| Q3 25 | -5.2% | 11.6% | ||
| Q2 25 | -5.8% | 11.3% | ||
| Q1 25 | -8.1% | 10.9% | ||
| Q4 24 | -6.0% | 10.9% | ||
| Q3 24 | -2.1% | 10.5% | ||
| Q2 24 | -6.5% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | -0.6% | 26.6% | ||
| Q3 25 | -0.7% | 9.6% | ||
| Q2 25 | -1.8% | 7.8% | ||
| Q1 25 | -3.2% | 7.5% | ||
| Q4 24 | 9.3% | 7.9% | ||
| Q3 24 | 2.5% | 6.1% | ||
| Q2 24 | 2.2% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.03 | $1.75 | ||
| Q3 25 | $-0.03 | $0.71 | ||
| Q2 25 | $0.02 | $0.54 | ||
| Q1 25 | $-0.11 | $0.49 | ||
| Q4 24 | $-0.06 | $0.55 | ||
| Q3 24 | $0.08 | $0.40 | ||
| Q2 24 | $0.37 | $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 | $1.1B | — |
| Total DebtLower is stronger | $1.8B | $488.8M |
| Stockholders' EquityBook value | $3.8B | $1.1B |
| Total Assets | $10.1B | $2.6B |
| Debt / EquityLower = less leverage | 0.48× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $695.9M | ||
| Q3 25 | $1.1B | $7.0M | ||
| Q2 25 | $1.0B | $7.0M | ||
| Q1 25 | $1.0B | $7.0M | ||
| Q4 24 | $1.6B | $504.5M | ||
| Q3 24 | $853.5M | — | ||
| Q2 24 | $985.9M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $1.8B | $487.4M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $482.0M | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.9B | $907.7M | ||
| Q2 25 | $3.9B | $842.1M | ||
| Q1 25 | $3.9B | $773.1M | ||
| Q4 24 | $3.8B | $714.3M | ||
| Q3 24 | $4.0B | $698.0M | ||
| Q2 24 | $4.1B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $10.1B | $2.7B | ||
| Q3 25 | $10.2B | $2.5B | ||
| Q2 25 | $10.1B | $2.3B | ||
| Q1 25 | $9.6B | $2.3B | ||
| Q4 24 | $9.7B | $2.3B | ||
| Q3 24 | $9.0B | $2.4B | ||
| Q2 24 | $9.2B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.48× | 0.46× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 0.67× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — |
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 | $105.3M | — |
| Free Cash FlowOCF − Capex | $103.8M | $-76.5M |
| FCF MarginFCF / Revenue | 25.0% | -11.1% |
| Capex IntensityCapex / Revenue | 0.4% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $221.1M | ||
| Q3 25 | $96.9M | $101.3M | ||
| Q2 25 | $83.8M | $77.2M | ||
| Q1 25 | $99.5M | $-80.7M | ||
| Q4 24 | $78.7M | $128.4M | ||
| Q3 24 | $88.6M | $91.9M | ||
| Q2 24 | $78.6M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $103.8M | $190.7M | ||
| Q3 25 | $95.6M | $77.0M | ||
| Q2 25 | $81.0M | $46.9M | ||
| Q1 25 | $98.4M | $-106.8M | ||
| Q4 24 | $78.3M | $94.5M | ||
| Q3 24 | $88.6M | $67.0M | ||
| Q2 24 | $78.4M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 25.0% | 28.5% | ||
| Q3 25 | 24.1% | 10.4% | ||
| Q2 25 | 21.1% | 6.7% | ||
| Q1 25 | 27.5% | -15.8% | ||
| Q4 24 | 21.6% | 13.2% | ||
| Q3 24 | 24.7% | 9.9% | ||
| Q2 24 | 22.8% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 0.4% | 4.6% | ||
| Q3 25 | 0.3% | 3.3% | ||
| Q2 25 | 0.7% | 4.3% | ||
| Q1 25 | 0.3% | 3.9% | ||
| Q4 24 | 0.1% | 4.7% | ||
| Q3 24 | 0.0% | 3.7% | ||
| Q2 24 | 0.1% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.60× | ||
| Q4 24 | 2.35× | 2.29× | ||
| Q3 24 | 9.94× | 2.23× | ||
| Q2 24 | 10.35× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
OII
Segment breakdown not available.
