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Side-by-side financial comparison of DONALDSON Co INC (DCI) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $692.4M, roughly 1.4× OCEANEERING INTERNATIONAL INC). DONALDSON Co INC runs the higher net margin — 12.2% vs 5.2%, a 7.0% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs 3.6%). DONALDSON Co INC produced more free cash flow last quarter ($111.2M vs $-76.5M). Over the past eight quarters, DONALDSON Co INC's revenue compounded faster (3.3% CAGR vs 1.8%).
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
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.
DCI vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $935.4M | $692.4M |
| Net Profit | $113.9M | $36.1M |
| Gross Margin | 35.2% | — |
| Operating Margin | 16.0% | — |
| Net Margin | 12.2% | 5.2% |
| Revenue YoY | 3.9% | 3.6% |
| Net Profit YoY | 15.1% | -28.3% |
| EPS (diluted) | $0.97 | $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 | $935.4M | $668.6M | ||
| Q3 25 | $980.7M | $742.9M | ||
| Q2 25 | $940.1M | $698.2M | ||
| Q1 25 | $870.0M | $674.5M | ||
| Q4 24 | $900.1M | $713.5M | ||
| Q3 24 | $935.4M | $679.8M | ||
| Q2 24 | $927.9M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $113.9M | $177.7M | ||
| Q3 25 | $114.3M | $71.3M | ||
| Q2 25 | $57.8M | $54.4M | ||
| Q1 25 | $95.9M | $50.4M | ||
| Q4 24 | $99.0M | $56.1M | ||
| Q3 24 | $109.7M | $41.2M | ||
| Q2 24 | $113.5M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.2% | 19.8% | ||
| Q3 25 | 34.5% | 20.6% | ||
| Q2 25 | 34.2% | 21.3% | ||
| Q1 25 | 35.2% | 20.0% | ||
| Q4 24 | 35.5% | 19.9% | ||
| Q3 24 | 35.8% | 19.3% | ||
| Q2 24 | 35.6% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 9.8% | ||
| Q3 25 | 15.5% | 11.6% | ||
| Q2 25 | 9.3% | 11.3% | ||
| Q1 25 | 14.4% | 10.9% | ||
| Q4 24 | 14.5% | 10.9% | ||
| Q3 24 | 15.6% | 10.5% | ||
| Q2 24 | 15.5% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 12.2% | 26.6% | ||
| Q3 25 | 11.7% | 9.6% | ||
| Q2 25 | 6.1% | 7.8% | ||
| Q1 25 | 11.0% | 7.5% | ||
| Q4 24 | 11.0% | 7.9% | ||
| Q3 24 | 11.7% | 6.1% | ||
| Q2 24 | 12.2% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.97 | $1.75 | ||
| Q3 25 | $0.97 | $0.71 | ||
| Q2 25 | $0.48 | $0.54 | ||
| Q1 25 | $0.79 | $0.49 | ||
| Q4 24 | $0.81 | $0.55 | ||
| Q3 24 | $0.90 | $0.40 | ||
| Q2 24 | $0.92 | $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 | $210.7M | — |
| Total DebtLower is stronger | $671.5M | $488.8M |
| Stockholders' EquityBook value | $1.5B | $1.1B |
| Total Assets | $3.0B | $2.6B |
| Debt / EquityLower = less leverage | 0.44× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $210.7M | $695.9M | ||
| Q3 25 | $180.4M | $7.0M | ||
| Q2 25 | $178.5M | $7.0M | ||
| Q1 25 | $189.1M | $7.0M | ||
| Q4 24 | $221.2M | $504.5M | ||
| Q3 24 | $232.7M | — | ||
| Q2 24 | $223.7M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $671.5M | $487.4M | ||
| Q3 25 | $630.4M | — | ||
| Q2 25 | $638.8M | — | ||
| Q1 25 | $514.7M | — | ||
| Q4 24 | $538.6M | $482.0M | ||
| Q3 24 | $483.4M | — | ||
| Q2 24 | $481.8M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.5B | $907.7M | ||
| Q2 25 | $1.5B | $842.1M | ||
| Q1 25 | $1.5B | $773.1M | ||
| Q4 24 | $1.5B | $714.3M | ||
| Q3 24 | $1.5B | $698.0M | ||
| Q2 24 | $1.5B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.0B | $2.7B | ||
| Q3 25 | $3.0B | $2.5B | ||
| Q2 25 | $3.0B | $2.3B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $2.9B | $2.4B | ||
| Q2 24 | $2.9B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.44× | 0.46× | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.35× | 0.67× | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.32× | — |
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 | $125.4M | — |
| Free Cash FlowOCF − Capex | $111.2M | $-76.5M |
| FCF MarginFCF / Revenue | 11.9% | -11.1% |
| Capex IntensityCapex / Revenue | 1.5% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $403.2M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $125.4M | $221.1M | ||
| Q3 25 | $167.8M | $101.3M | ||
| Q2 25 | $87.7M | $77.2M | ||
| Q1 25 | $90.4M | $-80.7M | ||
| Q4 24 | $72.9M | $128.4M | ||
| Q3 24 | $126.0M | $91.9M | ||
| Q2 24 | $141.5M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $111.2M | $190.7M | ||
| Q3 25 | $147.5M | $77.0M | ||
| Q2 25 | $73.0M | $46.9M | ||
| Q1 25 | $71.5M | $-106.8M | ||
| Q4 24 | $47.9M | $94.5M | ||
| Q3 24 | $106.2M | $67.0M | ||
| Q2 24 | $120.2M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 11.9% | 28.5% | ||
| Q3 25 | 15.0% | 10.4% | ||
| Q2 25 | 7.8% | 6.7% | ||
| Q1 25 | 8.2% | -15.8% | ||
| Q4 24 | 5.3% | 13.2% | ||
| Q3 24 | 11.4% | 9.9% | ||
| Q2 24 | 13.0% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.5% | 4.6% | ||
| Q3 25 | 2.1% | 3.3% | ||
| Q2 25 | 1.6% | 4.3% | ||
| Q1 25 | 2.2% | 3.9% | ||
| Q4 24 | 2.8% | 4.7% | ||
| Q3 24 | 2.1% | 3.7% | ||
| Q2 24 | 2.3% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.10× | 1.24× | ||
| Q3 25 | 1.47× | 1.42× | ||
| Q2 25 | 1.52× | 1.42× | ||
| Q1 25 | 0.94× | -1.60× | ||
| Q4 24 | 0.74× | 2.29× | ||
| Q3 24 | 1.15× | 2.23× | ||
| Q2 24 | 1.25× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
OII
Segment breakdown not available.
