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Side-by-side financial comparison of Essex Property Trust (ESS) 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 $479.6M, roughly 1.4× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 5.2%, a 12.7% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 2.7%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 1.8%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
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.
ESS vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $692.4M |
| Net Profit | $85.7M | $36.1M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | — |
| Net Margin | 17.9% | 5.2% |
| Revenue YoY | 5.5% | 2.7% |
| Net Profit YoY | -71.6% | -79.7% |
| EPS (diluted) | $1.24 | $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 | $479.6M | $668.6M | ||
| Q3 25 | $473.3M | $742.9M | ||
| Q2 25 | $469.8M | $698.2M | ||
| Q1 25 | $464.6M | $674.5M | ||
| Q4 24 | $454.5M | $713.5M | ||
| Q3 24 | $450.7M | $679.8M | ||
| Q2 24 | $442.4M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $85.7M | $177.7M | ||
| Q3 25 | $172.7M | $71.3M | ||
| Q2 25 | $231.5M | $54.4M | ||
| Q1 25 | $212.8M | $50.4M | ||
| Q4 24 | $301.7M | $56.1M | ||
| Q3 24 | $125.5M | $41.2M | ||
| Q2 24 | $99.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 70.0% | 19.8% | ||
| Q3 25 | 69.2% | 20.6% | ||
| Q2 25 | 70.7% | 21.3% | ||
| Q1 25 | 69.6% | 20.0% | ||
| Q4 24 | 70.0% | 19.9% | ||
| Q3 24 | 69.5% | 19.3% | ||
| Q2 24 | 70.8% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 31.7% | 9.8% | ||
| Q3 25 | 44.5% | 11.6% | ||
| Q2 25 | 59.5% | 11.3% | ||
| Q1 25 | 55.3% | 10.9% | ||
| Q4 24 | 67.0% | 10.9% | ||
| Q3 24 | 28.6% | 10.5% | ||
| Q2 24 | 31.1% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 17.9% | 26.6% | ||
| Q3 25 | 36.5% | 9.6% | ||
| Q2 25 | 49.3% | 7.8% | ||
| Q1 25 | 45.8% | 7.5% | ||
| Q4 24 | 66.4% | 7.9% | ||
| Q3 24 | 27.8% | 6.1% | ||
| Q2 24 | 22.4% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $1.24 | $1.75 | ||
| Q3 25 | $2.56 | $0.71 | ||
| Q2 25 | $3.44 | $0.54 | ||
| Q1 25 | $3.16 | $0.49 | ||
| Q4 24 | $4.00 | $0.55 | ||
| Q3 24 | $1.84 | $0.40 | ||
| Q2 24 | $1.45 | $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 | $76.2M | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $5.5B | $1.1B |
| Total Assets | $13.2B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.2M | $695.9M | ||
| Q3 25 | $66.0M | $7.0M | ||
| Q2 25 | $58.7M | $7.0M | ||
| Q1 25 | $98.7M | $7.0M | ||
| Q4 24 | $66.8M | $504.5M | ||
| Q3 24 | $71.3M | — | ||
| Q2 24 | $55.2M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $5.5B | $1.1B | ||
| Q3 25 | $5.6B | $907.7M | ||
| Q2 25 | $5.6B | $842.1M | ||
| Q1 25 | $5.6B | $773.1M | ||
| Q4 24 | $5.5B | $714.3M | ||
| Q3 24 | $5.4B | $698.0M | ||
| Q2 24 | $5.5B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $13.2B | $2.7B | ||
| Q3 25 | $13.2B | $2.5B | ||
| Q2 25 | $13.2B | $2.3B | ||
| Q1 25 | $13.2B | $2.3B | ||
| Q4 24 | $12.9B | $2.3B | ||
| Q3 24 | $12.6B | $2.4B | ||
| Q2 24 | $12.5B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — |
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 | $1.1B | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $221.1M | ||
| Q3 25 | $342.6M | $101.3M | ||
| Q2 25 | $216.1M | $77.2M | ||
| Q1 25 | $281.5M | $-80.7M | ||
| Q4 24 | $1.1B | $128.4M | ||
| Q3 24 | $316.2M | $91.9M | ||
| Q2 24 | $218.9M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $46.9M | ||
| Q1 25 | — | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 1.24× | ||
| Q3 25 | 1.98× | 1.42× | ||
| Q2 25 | 0.93× | 1.42× | ||
| Q1 25 | 1.32× | -1.60× | ||
| Q4 24 | 3.54× | 2.29× | ||
| Q3 24 | 2.52× | 2.23× | ||
| Q2 24 | 2.21× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
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% |
