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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.

OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $162.5M, roughly 1.1× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -65.7%, a 69.1% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 8.4%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $2.5M). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% CAGR vs -4.9%).

Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

BTM vs OIS — Head-to-Head

Bigger by revenue
OIS
OIS
1.1× larger
OIS
$178.5M
$162.5M
BTM
Growing faster (revenue YoY)
BTM
BTM
+11.7% gap
BTM
20.1%
8.4%
OIS
Higher net margin
BTM
BTM
69.1% more per $
BTM
3.4%
-65.7%
OIS
More free cash flow
OIS
OIS
$44.6M more FCF
OIS
$47.1M
$2.5M
BTM
Faster 2-yr revenue CAGR
OIS
OIS
Annualised
OIS
3.3%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTM
BTM
OIS
OIS
Revenue
$162.5M
$178.5M
Net Profit
$5.5M
$-117.2M
Gross Margin
10.9%
Operating Margin
7.3%
-63.7%
Net Margin
3.4%
-65.7%
Revenue YoY
20.1%
8.4%
Net Profit YoY
690.4%
-873.2%
EPS (diluted)
$0.08
$-1.99

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.

Revenue
BTM
BTM
OIS
OIS
Q4 25
$178.5M
Q3 25
$162.5M
$165.2M
Q2 25
$172.1M
$165.4M
Q1 25
$164.2M
$159.9M
Q4 24
$164.6M
Q3 24
$135.3M
$174.3M
Q2 24
$163.1M
$186.4M
Q1 24
$138.5M
$167.3M
Net Profit
BTM
BTM
OIS
OIS
Q4 25
$-117.2M
Q3 25
$5.5M
$1.9M
Q2 25
$6.1M
$2.8M
Q1 25
$4.2M
$3.2M
Q4 24
$15.2M
Q3 24
$-939.0K
$-14.3M
Q2 24
$-2.6M
$1.3M
Q1 24
$-1.5M
$-13.4M
Gross Margin
BTM
BTM
OIS
OIS
Q4 25
10.9%
Q3 25
22.1%
Q2 25
24.2%
Q1 25
23.3%
Q4 24
23.7%
Q3 24
21.7%
Q2 24
23.8%
Q1 24
21.1%
Operating Margin
BTM
BTM
OIS
OIS
Q4 25
-63.7%
Q3 25
7.3%
2.9%
Q2 25
9.2%
3.2%
Q1 25
10.8%
3.5%
Q4 24
11.2%
Q3 24
4.1%
-6.3%
Q2 24
4.7%
1.1%
Q1 24
0.5%
-6.7%
Net Margin
BTM
BTM
OIS
OIS
Q4 25
-65.7%
Q3 25
3.4%
1.2%
Q2 25
3.5%
1.7%
Q1 25
2.6%
2.0%
Q4 24
9.2%
Q3 24
-0.7%
-8.2%
Q2 24
-1.6%
0.7%
Q1 24
-1.1%
-8.0%
EPS (diluted)
BTM
BTM
OIS
OIS
Q4 25
$-1.99
Q3 25
$0.08
$0.03
Q2 25
$0.16
$0.05
Q1 25
$0.20
$0.05
Q4 24
$0.24
Q3 24
$-0.05
$-0.23
Q2 24
$-0.13
$0.02
Q1 24
$-0.25
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTM
BTM
OIS
OIS
Cash + ST InvestmentsLiquidity on hand
$59.3M
$69.9M
Total DebtLower is stronger
$67.5M
$1.7M
Stockholders' EquityBook value
$21.0M
$573.2M
Total Assets
$125.3M
$883.4M
Debt / EquityLower = less leverage
3.21×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
OIS
OIS
Q4 25
$69.9M
Q3 25
$59.3M
$67.1M
Q2 25
$48.0M
$53.9M
Q1 25
$35.0M
$66.8M
Q4 24
$65.4M
Q3 24
$32.2M
$46.0M
Q2 24
$43.9M
$25.2M
Q1 24
$42.2M
$24.1M
Total Debt
BTM
BTM
OIS
OIS
Q4 25
$1.7M
Q3 25
$67.5M
$1.9M
Q2 25
$66.5M
$1.9M
Q1 25
$56.2M
$124.7M
Q4 24
$124.7M
Q3 24
$44.5M
$124.6M
Q2 24
$41.2M
$124.3M
Q1 24
$37.6M
$135.6M
Stockholders' Equity
BTM
BTM
OIS
OIS
Q4 25
$573.2M
Q3 25
$21.0M
$689.0M
Q2 25
$4.7M
$690.6M
Q1 25
$-4.6M
$683.4M
Q4 24
$680.7M
Q3 24
$-7.9M
$684.8M
Q2 24
$4.4M
$690.4M
Q1 24
$5.0M
$692.3M
Total Assets
BTM
BTM
OIS
OIS
Q4 25
$883.4M
Q3 25
$125.3M
$1.0B
Q2 25
$109.1M
$993.7M
Q1 25
$89.7M
$990.7M
Q4 24
$1.0B
Q3 24
$87.4M
$994.1M
Q2 24
$97.5M
$1.0B
Q1 24
$90.1M
$1.0B
Debt / Equity
BTM
BTM
OIS
OIS
Q4 25
0.00×
Q3 25
3.21×
0.00×
Q2 25
14.18×
0.00×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
9.27×
0.18×
Q1 24
7.54×
0.20×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BTM
BTM
OIS
OIS
Operating Cash FlowLast quarter
$6.6M
$50.1M
Free Cash FlowOCF − Capex
$2.5M
$47.1M
FCF MarginFCF / Revenue
1.6%
26.4%
Capex IntensityCapex / Revenue
2.5%
1.7%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
OIS
OIS
Q4 25
$50.1M
Q3 25
$6.6M
$30.7M
Q2 25
$10.2M
$15.0M
Q1 25
$16.3M
$9.3M
Q4 24
$18.2M
Q3 24
$5.8M
$28.8M
Q2 24
$10.1M
$10.2M
Q1 24
$1.3M
$-11.4M
Free Cash Flow
BTM
BTM
OIS
OIS
Q4 25
$47.1M
Q3 25
$2.5M
$22.0M
Q2 25
$9.8M
$4.7M
Q1 25
$15.9M
$137.0K
Q4 24
$4.0M
Q3 24
$-1.0M
$21.4M
Q2 24
$7.6M
$4.5M
Q1 24
$789.0K
$-21.5M
FCF Margin
BTM
BTM
OIS
OIS
Q4 25
26.4%
Q3 25
1.6%
13.3%
Q2 25
5.7%
2.8%
Q1 25
9.7%
0.1%
Q4 24
2.4%
Q3 24
-0.8%
12.3%
Q2 24
4.7%
2.4%
Q1 24
0.6%
-12.8%
Capex Intensity
BTM
BTM
OIS
OIS
Q4 25
1.7%
Q3 25
2.5%
5.3%
Q2 25
0.2%
6.2%
Q1 25
0.2%
5.7%
Q4 24
8.6%
Q3 24
5.0%
4.3%
Q2 24
1.5%
3.1%
Q1 24
0.4%
6.0%
Cash Conversion
BTM
BTM
OIS
OIS
Q4 25
Q3 25
1.20×
16.15×
Q2 25
1.67×
5.33×
Q1 25
3.88×
2.94×
Q4 24
1.20×
Q3 24
Q2 24
7.87×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BTM
BTM

Segment breakdown not available.

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

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