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Side-by-side financial comparison of Compass Diversified Holdings (CODI) 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 $468.6M, roughly 1.5× Compass Diversified Holdings). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -16.8%, a 22.0% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $-76.5M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 1.8%).
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
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.
CODI vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $692.4M |
| Net Profit | $-78.8M | $36.1M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | — |
| Net Margin | -16.8% | 5.2% |
| Revenue YoY | -5.1% | 3.6% |
| Net Profit YoY | -14.4% | -28.3% |
| EPS (diluted) | $-0.91 | $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 | $468.6M | $668.6M | ||
| Q3 25 | $472.6M | $742.9M | ||
| Q2 25 | $478.7M | $698.2M | ||
| Q1 25 | $453.8M | $674.5M | ||
| Q4 24 | $493.9M | $713.5M | ||
| Q3 24 | $456.6M | $679.8M | ||
| Q2 24 | $426.7M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $-78.8M | $177.7M | ||
| Q3 25 | $-74.0M | $71.3M | ||
| Q2 25 | $-51.2M | $54.4M | ||
| Q1 25 | $-30.0M | $50.4M | ||
| Q4 24 | $-68.9M | $56.1M | ||
| Q3 24 | $-36.0M | $41.2M | ||
| Q2 24 | $-73.1M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 43.1% | 19.8% | ||
| Q3 25 | 44.0% | 20.6% | ||
| Q2 25 | 43.6% | 21.3% | ||
| Q1 25 | 43.2% | 20.0% | ||
| Q4 24 | 38.6% | 19.9% | ||
| Q3 24 | 43.1% | 19.3% | ||
| Q2 24 | 44.1% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 9.8% | ||
| Q3 25 | -2.3% | 11.6% | ||
| Q2 25 | -5.7% | 11.3% | ||
| Q1 25 | 0.8% | 10.9% | ||
| Q4 24 | -3.8% | 10.9% | ||
| Q3 24 | 1.8% | 10.5% | ||
| Q2 24 | 1.8% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | -16.8% | 26.6% | ||
| Q3 25 | -15.7% | 9.6% | ||
| Q2 25 | -10.7% | 7.8% | ||
| Q1 25 | -6.6% | 7.5% | ||
| Q4 24 | -13.9% | 7.9% | ||
| Q3 24 | -7.9% | 6.1% | ||
| Q2 24 | -17.1% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.91 | $1.75 | ||
| Q3 25 | $-1.21 | $0.71 | ||
| Q2 25 | $-0.88 | $0.54 | ||
| Q1 25 | $-0.59 | $0.49 | ||
| Q4 24 | $-0.57 | $0.55 | ||
| Q3 24 | $-0.62 | $0.40 | ||
| Q2 24 | $-1.12 | $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 | $68.0M | — |
| Total DebtLower is stronger | $1.9B | $488.8M |
| Stockholders' EquityBook value | $442.0M | $1.1B |
| Total Assets | $3.0B | $2.6B |
| Debt / EquityLower = less leverage | 4.25× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $68.0M | $695.9M | ||
| Q3 25 | $61.1M | $7.0M | ||
| Q2 25 | $73.8M | $7.0M | ||
| Q1 25 | $146.2M | $7.0M | ||
| Q4 24 | $59.7M | $504.5M | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $61.5M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $1.9B | $487.4M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $482.0M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $442.0M | $1.1B | ||
| Q3 25 | $519.2M | $907.7M | ||
| Q2 25 | $601.9M | $842.1M | ||
| Q1 25 | $680.7M | $773.1M | ||
| Q4 24 | $678.6M | $714.3M | ||
| Q3 24 | $672.2M | $698.0M | ||
| Q2 24 | $711.3M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.0B | $2.7B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.2B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 4.25× | 0.46× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 2.61× | 0.67× | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 2.42× | — |
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 | $47.0M | — |
| Free Cash FlowOCF − Capex | $36.9M | $-76.5M |
| FCF MarginFCF / Revenue | 7.9% | -11.1% |
| Capex IntensityCapex / Revenue | 2.2% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $47.0M | $221.1M | ||
| Q3 25 | $10.7M | $101.3M | ||
| Q2 25 | $-35.2M | $77.2M | ||
| Q1 25 | $-29.3M | $-80.7M | ||
| Q4 24 | $-16.1M | $128.4M | ||
| Q3 24 | $-48.4M | $91.9M | ||
| Q2 24 | $-61.3M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $36.9M | $190.7M | ||
| Q3 25 | $481.0K | $77.0M | ||
| Q2 25 | $-46.0M | $46.9M | ||
| Q1 25 | $-42.4M | $-106.8M | ||
| Q4 24 | $-39.0M | $94.5M | ||
| Q3 24 | $-63.5M | $67.0M | ||
| Q2 24 | $-72.2M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 7.9% | 28.5% | ||
| Q3 25 | 0.1% | 10.4% | ||
| Q2 25 | -9.6% | 6.7% | ||
| Q1 25 | -9.4% | -15.8% | ||
| Q4 24 | -7.9% | 13.2% | ||
| Q3 24 | -13.9% | 9.9% | ||
| Q2 24 | -16.9% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 2.2% | 4.6% | ||
| Q3 25 | 2.2% | 3.3% | ||
| Q2 25 | 2.3% | 4.3% | ||
| Q1 25 | 2.9% | 3.9% | ||
| Q4 24 | 4.6% | 4.7% | ||
| Q3 24 | 3.3% | 3.7% | ||
| Q2 24 | 2.6% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.60× | ||
| Q4 24 | — | 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
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
OII
Segment breakdown not available.
