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Side-by-side financial comparison of Fortive (FTV) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.0B vs $692.4M, roughly 1.5× OCEANEERING INTERNATIONAL INC). Fortive runs the higher net margin — 5.4% vs 5.2%, a 0.1% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (2.7% vs -33.1%). Fortive produced more free cash flow last quarter ($153.1M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -19.5%).
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
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.
FTV vs OII — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $692.4M |
| Net Profit | $55.0M | $36.1M |
| Gross Margin | 63.2% | — |
| Operating Margin | 15.5% | — |
| Net Margin | 5.4% | 5.2% |
| Revenue YoY | -33.1% | 2.7% |
| Net Profit YoY | -75.2% | -79.7% |
| EPS (diluted) | $0.16 | $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 | — | $668.6M | ||
| Q3 25 | $1.0B | $742.9M | ||
| Q2 25 | $1.5B | $698.2M | ||
| Q1 25 | $1.5B | $674.5M | ||
| Q4 24 | $1.6B | $713.5M | ||
| Q3 24 | $1.5B | $679.8M | ||
| Q2 24 | $1.6B | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | — | $177.7M | ||
| Q3 25 | $55.0M | $71.3M | ||
| Q2 25 | $166.6M | $54.4M | ||
| Q1 25 | $171.9M | $50.4M | ||
| Q4 24 | $208.8M | $56.1M | ||
| Q3 24 | $221.6M | $41.2M | ||
| Q2 24 | $195.1M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 63.2% | 20.6% | ||
| Q2 25 | 59.0% | 21.3% | ||
| Q1 25 | 59.8% | 20.0% | ||
| Q4 24 | 60.3% | 19.9% | ||
| Q3 24 | 60.0% | 19.3% | ||
| Q2 24 | 59.8% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 15.5% | 11.6% | ||
| Q2 25 | 14.6% | 11.3% | ||
| Q1 25 | 15.8% | 10.9% | ||
| Q4 24 | 19.0% | 10.9% | ||
| Q3 24 | 19.3% | 10.5% | ||
| Q2 24 | 19.4% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | 5.4% | 9.6% | ||
| Q2 25 | 11.0% | 7.8% | ||
| Q1 25 | 11.7% | 7.5% | ||
| Q4 24 | 12.9% | 7.9% | ||
| Q3 24 | 14.4% | 6.1% | ||
| Q2 24 | 12.6% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.75 | ||
| Q3 25 | $0.16 | $0.71 | ||
| Q2 25 | $0.49 | $0.54 | ||
| Q1 25 | $0.50 | $0.49 | ||
| Q4 24 | $0.60 | $0.55 | ||
| Q3 24 | $0.63 | $0.40 | ||
| Q2 24 | $0.55 | $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 | $430.8M | — |
| Total DebtLower is stronger | $3.3B | $488.8M |
| Stockholders' EquityBook value | $6.5B | $1.1B |
| Total Assets | $11.9B | $2.6B |
| Debt / EquityLower = less leverage | 0.51× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | $430.8M | $7.0M | ||
| Q2 25 | $1.8B | $7.0M | ||
| Q1 25 | $892.1M | $7.0M | ||
| Q4 24 | $813.3M | $504.5M | ||
| Q3 24 | $811.3M | — | ||
| Q2 24 | $644.1M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.7B | $482.0M | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.8B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $6.5B | $907.7M | ||
| Q2 25 | $10.4B | $842.1M | ||
| Q1 25 | $10.2B | $773.1M | ||
| Q4 24 | $10.2B | $714.3M | ||
| Q3 24 | $10.6B | $698.0M | ||
| Q2 24 | $10.5B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $11.9B | $2.5B | ||
| Q2 25 | $18.2B | $2.3B | ||
| Q1 25 | $17.1B | $2.3B | ||
| Q4 24 | $17.0B | $2.3B | ||
| Q3 24 | $17.5B | $2.4B | ||
| Q2 24 | $17.3B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.36× | 0.67× | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.36× | — |
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 | $164.4M | — |
| Free Cash FlowOCF − Capex | $153.1M | $-76.5M |
| FCF MarginFCF / Revenue | 14.9% | -11.1% |
| Capex IntensityCapex / Revenue | 1.1% | 2.5% |
| Cash ConversionOCF / Net Profit | 2.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $221.1M | ||
| Q3 25 | $164.4M | $101.3M | ||
| Q2 25 | $311.2M | $77.2M | ||
| Q1 25 | $241.7M | $-80.7M | ||
| Q4 24 | $502.2M | $128.4M | ||
| Q3 24 | $459.0M | $91.9M | ||
| Q2 24 | $308.9M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $153.1M | $77.0M | ||
| Q2 25 | $274.5M | $46.9M | ||
| Q1 25 | $215.0M | $-106.8M | ||
| Q4 24 | $465.2M | $94.5M | ||
| Q3 24 | $431.2M | $67.0M | ||
| Q2 24 | $279.7M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 14.9% | 10.4% | ||
| Q2 25 | 18.1% | 6.7% | ||
| Q1 25 | 14.6% | -15.8% | ||
| Q4 24 | 28.7% | 13.2% | ||
| Q3 24 | 28.1% | 9.9% | ||
| Q2 24 | 18.0% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.1% | 3.3% | ||
| Q2 25 | 2.4% | 4.3% | ||
| Q1 25 | 1.8% | 3.9% | ||
| Q4 24 | 2.3% | 4.7% | ||
| Q3 24 | 1.8% | 3.7% | ||
| Q2 24 | 1.9% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 2.99× | 1.42× | ||
| Q2 25 | 1.87× | 1.42× | ||
| Q1 25 | 1.41× | -1.60× | ||
| Q4 24 | 2.41× | 2.29× | ||
| Q3 24 | 2.07× | 2.23× | ||
| Q2 24 | 1.58× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTV
| Advanced Healthcare Solutions | $328.3M | 32% |
| Industrial Manufacturing | $287.9M | 28% |
| Energy And Infrastructure | $166.7M | 16% |
| Government | $88.0M | 9% |
| Retail | $82.7M | 8% |
| Other Direct End Markets | $79.6M | 8% |
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% |
