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Side-by-side financial comparison of F5, Inc. (FFIV) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $692.4M, roughly 1.2× OCEANEERING INTERNATIONAL INC). F5, Inc. runs the higher net margin — 18.2% vs 5.2%, a 13.0% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 3.6%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 1.8%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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.
FFIV vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $692.4M |
| Net Profit | $148.0M | $36.1M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | — |
| Net Margin | 18.2% | 5.2% |
| Revenue YoY | 11.0% | 3.6% |
| Net Profit YoY | 1.5% | -28.3% |
| EPS (diluted) | $2.58 | $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 | $811.7M | $692.4M | ||
| Q4 25 | $822.5M | $668.6M | ||
| Q3 25 | $810.1M | $742.9M | ||
| Q2 25 | $780.4M | $698.2M | ||
| Q1 25 | $731.1M | $674.5M | ||
| Q4 24 | $766.5M | $713.5M | ||
| Q3 24 | $746.7M | $679.8M | ||
| Q2 24 | $695.5M | $668.8M |
| Q1 26 | $148.0M | $36.1M | ||
| Q4 25 | $180.1M | $177.7M | ||
| Q3 25 | $190.5M | $71.3M | ||
| Q2 25 | $189.9M | $54.4M | ||
| Q1 25 | $145.5M | $50.4M | ||
| Q4 24 | $166.4M | $56.1M | ||
| Q3 24 | $165.3M | $41.2M | ||
| Q2 24 | $144.1M | $35.0M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 19.8% | ||
| Q3 25 | 82.2% | 20.6% | ||
| Q2 25 | 81.0% | 21.3% | ||
| Q1 25 | 80.7% | 20.0% | ||
| Q4 24 | 81.7% | 19.9% | ||
| Q3 24 | 80.8% | 19.3% | ||
| Q2 24 | 80.4% | 18.0% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 9.8% | ||
| Q3 25 | 25.4% | 11.6% | ||
| Q2 25 | 25.2% | 11.3% | ||
| Q1 25 | 21.7% | 10.9% | ||
| Q4 24 | 26.8% | 10.9% | ||
| Q3 24 | 25.6% | 10.5% | ||
| Q2 24 | 23.4% | 9.0% |
| Q1 26 | 18.2% | 5.2% | ||
| Q4 25 | 21.9% | 26.6% | ||
| Q3 25 | 23.5% | 9.6% | ||
| Q2 25 | 24.3% | 7.8% | ||
| Q1 25 | 19.9% | 7.5% | ||
| Q4 24 | 21.7% | 7.9% | ||
| Q3 24 | 22.1% | 6.1% | ||
| Q2 24 | 20.7% | 5.2% |
| Q1 26 | $2.58 | $0.36 | ||
| Q4 25 | $3.10 | $1.75 | ||
| Q3 25 | $3.25 | $0.71 | ||
| Q2 25 | $3.25 | $0.54 | ||
| Q1 25 | $2.48 | $0.49 | ||
| Q4 24 | $2.82 | $0.55 | ||
| Q3 24 | $2.79 | $0.40 | ||
| Q2 24 | $2.44 | $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 | $1.4B | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $3.6B | $1.1B |
| Total Assets | $6.5B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $695.9M | ||
| Q3 25 | $1.3B | $7.0M | ||
| Q2 25 | $1.4B | $7.0M | ||
| Q1 25 | $1.3B | $7.0M | ||
| Q4 24 | $1.2B | $504.5M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $935.6M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.6B | $1.1B | ||
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.6B | $907.7M | ||
| Q2 25 | $3.5B | $842.1M | ||
| Q1 25 | $3.3B | $773.1M | ||
| Q4 24 | $3.2B | $714.3M | ||
| Q3 24 | $3.1B | $698.0M | ||
| Q2 24 | $3.0B | $651.0M |
| Q1 26 | $6.5B | $2.6B | ||
| Q4 25 | $6.3B | $2.7B | ||
| Q3 25 | $6.3B | $2.5B | ||
| Q2 25 | $6.1B | $2.3B | ||
| Q1 25 | $5.9B | $2.3B | ||
| Q4 24 | $5.9B | $2.3B | ||
| Q3 24 | $5.6B | $2.4B | ||
| Q2 24 | $5.4B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $525.1M | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $221.1M | ||
| Q3 25 | $208.1M | $101.3M | ||
| Q2 25 | $282.2M | $77.2M | ||
| Q1 25 | $256.6M | $-80.7M | ||
| Q4 24 | $202.8M | $128.4M | ||
| Q3 24 | $246.5M | $91.9M | ||
| Q2 24 | $159.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $149.5M | $190.7M | ||
| Q3 25 | $191.9M | $77.0M | ||
| Q2 25 | $273.7M | $46.9M | ||
| Q1 25 | $246.1M | $-106.8M | ||
| Q4 24 | $194.7M | $94.5M | ||
| Q3 24 | $240.4M | $67.0M | ||
| Q2 24 | $153.1M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 18.2% | 28.5% | ||
| Q3 25 | 23.7% | 10.4% | ||
| Q2 25 | 35.1% | 6.7% | ||
| Q1 25 | 33.7% | -15.8% | ||
| Q4 24 | 25.4% | 13.2% | ||
| Q3 24 | 32.2% | 9.9% | ||
| Q2 24 | 22.0% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 2.0% | 3.3% | ||
| Q2 25 | 1.1% | 4.3% | ||
| Q1 25 | 1.4% | 3.9% | ||
| Q4 24 | 1.1% | 4.7% | ||
| Q3 24 | 0.8% | 3.7% | ||
| Q2 24 | 0.8% | 3.4% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 1.24× | ||
| Q3 25 | 1.09× | 1.42× | ||
| Q2 25 | 1.49× | 1.42× | ||
| Q1 25 | 1.76× | -1.60× | ||
| Q4 24 | 1.22× | 2.29× | ||
| Q3 24 | 1.49× | 2.23× | ||
| Q2 24 | 1.10× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
