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Side-by-side financial comparison of Fabrinet (FN) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $692.4M, roughly 1.6× OCEANEERING INTERNATIONAL INC). Fabrinet runs the higher net margin — 9.9% vs 5.2%, a 4.7% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 3.6%). Fabrinet produced more free cash flow last quarter ($-5.3M vs $-76.5M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 1.8%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $692.4M |
| Net Profit | $112.6M | $36.1M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | — |
| Net Margin | 9.9% | 5.2% |
| Revenue YoY | 35.9% | 3.6% |
| Net Profit YoY | 30.0% | -28.3% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $668.6M | ||
| Q3 25 | $978.1M | $742.9M | ||
| Q2 25 | $909.7M | $698.2M | ||
| Q1 25 | $871.8M | $674.5M | ||
| Q4 24 | $833.6M | $713.5M | ||
| Q3 24 | $804.2M | $679.8M | ||
| Q2 24 | $753.3M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $112.6M | $177.7M | ||
| Q3 25 | $95.9M | $71.3M | ||
| Q2 25 | $87.2M | $54.4M | ||
| Q1 25 | $81.3M | $50.4M | ||
| Q4 24 | $86.6M | $56.1M | ||
| Q3 24 | $77.4M | $41.2M | ||
| Q2 24 | $81.1M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 19.8% | ||
| Q3 25 | 11.9% | 20.6% | ||
| Q2 25 | 12.2% | 21.3% | ||
| Q1 25 | 11.7% | 20.0% | ||
| Q4 24 | 12.1% | 19.9% | ||
| Q3 24 | 12.3% | 19.3% | ||
| Q2 24 | 12.3% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | 9.8% | ||
| Q3 25 | 9.6% | 11.6% | ||
| Q2 25 | 9.8% | 11.3% | ||
| Q1 25 | 9.0% | 10.9% | ||
| Q4 24 | 9.5% | 10.9% | ||
| Q3 24 | 9.6% | 10.5% | ||
| Q2 24 | 9.7% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 9.9% | 26.6% | ||
| Q3 25 | 9.8% | 9.6% | ||
| Q2 25 | 9.6% | 7.8% | ||
| Q1 25 | 9.3% | 7.5% | ||
| Q4 24 | 10.4% | 7.9% | ||
| Q3 24 | 9.6% | 6.1% | ||
| Q2 24 | 10.8% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $3.11 | $1.75 | ||
| Q3 25 | $2.66 | $0.71 | ||
| Q2 25 | $2.41 | $0.54 | ||
| Q1 25 | $2.25 | $0.49 | ||
| Q4 24 | $2.38 | $0.55 | ||
| Q3 24 | $2.13 | $0.40 | ||
| Q2 24 | $2.22 | $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 | $960.8M | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $2.2B | $1.1B |
| Total Assets | $3.3B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $960.8M | $695.9M | ||
| Q3 25 | $968.8M | $7.0M | ||
| Q2 25 | $934.2M | $7.0M | ||
| Q1 25 | $950.7M | $7.0M | ||
| Q4 24 | $934.6M | $504.5M | ||
| Q3 24 | $908.9M | — | ||
| Q2 24 | $858.6M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.1B | $907.7M | ||
| Q2 25 | $2.0B | $842.1M | ||
| Q1 25 | $1.9B | $773.1M | ||
| Q4 24 | $1.8B | $714.3M | ||
| Q3 24 | $1.8B | $698.0M | ||
| Q2 24 | $1.7B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.3B | $2.7B | ||
| Q3 25 | $3.0B | $2.5B | ||
| Q2 25 | $2.8B | $2.3B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.4B | $2.4B | ||
| Q2 24 | $2.3B | $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 | $46.3M | — |
| Free Cash FlowOCF − Capex | $-5.3M | $-76.5M |
| FCF MarginFCF / Revenue | -0.5% | -11.1% |
| Capex IntensityCapex / Revenue | 4.6% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $46.3M | $221.1M | ||
| Q3 25 | $102.6M | $101.3M | ||
| Q2 25 | $55.1M | $77.2M | ||
| Q1 25 | $74.2M | $-80.7M | ||
| Q4 24 | $115.9M | $128.4M | ||
| Q3 24 | $83.2M | $91.9M | ||
| Q2 24 | $83.1M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $-5.3M | $190.7M | ||
| Q3 25 | $57.3M | $77.0M | ||
| Q2 25 | $4.7M | $46.9M | ||
| Q1 25 | $45.7M | $-106.8M | ||
| Q4 24 | $94.0M | $94.5M | ||
| Q3 24 | $62.9M | $67.0M | ||
| Q2 24 | $70.4M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | -0.5% | 28.5% | ||
| Q3 25 | 5.9% | 10.4% | ||
| Q2 25 | 0.5% | 6.7% | ||
| Q1 25 | 5.2% | -15.8% | ||
| Q4 24 | 11.3% | 13.2% | ||
| Q3 24 | 7.8% | 9.9% | ||
| Q2 24 | 9.3% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 4.6% | 4.6% | ||
| Q3 25 | 4.6% | 3.3% | ||
| Q2 25 | 5.5% | 4.3% | ||
| Q1 25 | 3.3% | 3.9% | ||
| Q4 24 | 2.6% | 4.7% | ||
| Q3 24 | 2.5% | 3.7% | ||
| Q2 24 | 1.7% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 1.24× | ||
| Q3 25 | 1.07× | 1.42× | ||
| Q2 25 | 0.63× | 1.42× | ||
| Q1 25 | 0.91× | -1.60× | ||
| Q4 24 | 1.34× | 2.29× | ||
| Q3 24 | 1.07× | 2.23× | ||
| Q2 24 | 1.02× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
OII
Segment breakdown not available.
