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Side-by-side financial comparison of GDS Holdings Ltd (GDS) 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 $405.6M, roughly 1.7× GDS Holdings Ltd). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -0.1%, a 5.3% gap on every dollar of revenue. OCEANEERING INTERNATIONAL INC produced more free cash flow last quarter ($-76.5M vs $-96.3M).

Amadeus IT Group, S.A. is a major Spanish multinational technology company that provides software for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses.

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.

GDS vs OII — Head-to-Head

Bigger by revenue
OII
OII
1.7× larger
OII
$692.4M
$405.6M
GDS
Higher net margin
OII
OII
5.3% more per $
OII
5.2%
-0.1%
GDS
More free cash flow
OII
OII
$19.7M more FCF
OII
$-76.5M
$-96.3M
GDS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GDS
GDS
OII
OII
Revenue
$405.6M
$692.4M
Net Profit
$-373.0K
$36.1M
Gross Margin
22.1%
Operating Margin
Net Margin
-0.1%
5.2%
Revenue YoY
3.6%
Net Profit YoY
-28.3%
EPS (diluted)
$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.

Revenue
GDS
GDS
OII
OII
Q1 26
$692.4M
Q4 25
$668.6M
Q3 25
$405.6M
$742.9M
Q2 25
$404.9M
$698.2M
Q1 25
$375.3M
$674.5M
Q4 24
$713.5M
Q3 24
$422.6M
$679.8M
Q2 24
$388.9M
$668.8M
Net Profit
GDS
GDS
OII
OII
Q1 26
$36.1M
Q4 25
$177.7M
Q3 25
$-373.0K
$71.3M
Q2 25
$-240.0K
$54.4M
Q1 25
$-145.0K
$50.4M
Q4 24
$56.1M
Q3 24
$-32.9M
$41.2M
Q2 24
$-31.9M
$35.0M
Gross Margin
GDS
GDS
OII
OII
Q1 26
Q4 25
19.8%
Q3 25
22.1%
20.6%
Q2 25
23.8%
21.3%
Q1 25
23.7%
20.0%
Q4 24
19.9%
Q3 24
22.2%
19.3%
Q2 24
22.6%
18.0%
Operating Margin
GDS
GDS
OII
OII
Q1 26
Q4 25
9.8%
Q3 25
11.6%
Q2 25
11.3%
Q1 25
10.9%
Q4 24
10.9%
Q3 24
10.8%
10.5%
Q2 24
11.2%
9.0%
Net Margin
GDS
GDS
OII
OII
Q1 26
5.2%
Q4 25
26.6%
Q3 25
-0.1%
9.6%
Q2 25
-0.1%
7.8%
Q1 25
-0.0%
7.5%
Q4 24
7.9%
Q3 24
-7.8%
6.1%
Q2 24
-8.2%
5.2%
EPS (diluted)
GDS
GDS
OII
OII
Q1 26
$0.36
Q4 25
$1.75
Q3 25
$0.71
Q2 25
$0.54
Q1 25
$0.49
Q4 24
$0.55
Q3 24
$0.40
Q2 24
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GDS
GDS
OII
OII
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$488.8M
Stockholders' EquityBook value
$3.6B
$1.1B
Total Assets
$11.0B
$2.6B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDS
GDS
OII
OII
Q1 26
Q4 25
$695.9M
Q3 25
$7.0M
Q2 25
$7.0M
Q1 25
$7.0M
Q4 24
$504.5M
Q3 24
Q2 24
Total Debt
GDS
GDS
OII
OII
Q1 26
$488.8M
Q4 25
$487.4M
Q3 25
Q2 25
Q1 25
Q4 24
$482.0M
Q3 24
Q2 24
Stockholders' Equity
GDS
GDS
OII
OII
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$3.6B
$907.7M
Q2 25
$3.4B
$842.1M
Q1 25
$3.2B
$773.1M
Q4 24
$714.3M
Q3 24
$2.7B
$698.0M
Q2 24
$2.6B
$651.0M
Total Assets
GDS
GDS
OII
OII
Q1 26
$2.6B
Q4 25
$2.7B
Q3 25
$11.0B
$2.5B
Q2 25
$11.1B
$2.3B
Q1 25
$10.1B
$2.3B
Q4 24
$2.3B
Q3 24
$11.7B
$2.4B
Q2 24
$10.9B
$2.3B
Debt / Equity
GDS
GDS
OII
OII
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
GDS
GDS
OII
OII
Operating Cash FlowLast quarter
$103.5M
Free Cash FlowOCF − Capex
$-96.3M
$-76.5M
FCF MarginFCF / Revenue
-23.7%
-11.1%
Capex IntensityCapex / Revenue
49.2%
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDS
GDS
OII
OII
Q1 26
Q4 25
$221.1M
Q3 25
$103.5M
$101.3M
Q2 25
$120.8M
$77.2M
Q1 25
$-80.7M
Q4 24
$128.4M
Q3 24
$91.4M
$91.9M
Q2 24
$52.6M
Free Cash Flow
GDS
GDS
OII
OII
Q1 26
$-76.5M
Q4 25
$190.7M
Q3 25
$-96.3M
$77.0M
Q2 25
$-55.8M
$46.9M
Q1 25
$-106.8M
Q4 24
$94.5M
Q3 24
$-321.7M
$67.0M
Q2 24
$29.8M
FCF Margin
GDS
GDS
OII
OII
Q1 26
-11.1%
Q4 25
28.5%
Q3 25
-23.7%
10.4%
Q2 25
-13.8%
6.7%
Q1 25
-15.8%
Q4 24
13.2%
Q3 24
-76.1%
9.9%
Q2 24
4.5%
Capex Intensity
GDS
GDS
OII
OII
Q1 26
2.5%
Q4 25
4.6%
Q3 25
49.2%
3.3%
Q2 25
43.6%
4.3%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
97.7%
3.7%
Q2 24
3.4%
Cash Conversion
GDS
GDS
OII
OII
Q1 26
Q4 25
1.24×
Q3 25
1.42×
Q2 25
1.42×
Q1 25
-1.60×
Q4 24
2.29×
Q3 24
2.23×
Q2 24
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GDS
GDS

Service revenue$405.5M100%
Equipment sales$2.8M1%

OII
OII

Segment breakdown not available.

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