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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.

OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $104.1M, roughly 1.7× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -65.7%, a 64.3% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 3.3%).

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

GDYN vs OIS — Head-to-Head

Bigger by revenue
OIS
OIS
1.7× larger
OIS
$178.5M
$104.1M
GDYN
Growing faster (revenue YoY)
OIS
OIS
+4.8% gap
OIS
8.4%
3.7%
GDYN
Higher net margin
GDYN
GDYN
64.3% more per $
GDYN
-1.4%
-65.7%
OIS
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
3.3%
OIS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
OIS
OIS
Revenue
$104.1M
$178.5M
Net Profit
$-1.5M
$-117.2M
Gross Margin
34.8%
10.9%
Operating Margin
61.7%
-63.7%
Net Margin
-1.4%
-65.7%
Revenue YoY
3.7%
8.4%
Net Profit YoY
-150.6%
-873.2%
EPS (diluted)
$-0.02
$-1.99

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
GDYN
GDYN
OIS
OIS
Q1 26
$104.1M
Q4 25
$106.2M
$178.5M
Q3 25
$104.2M
$165.2M
Q2 25
$101.1M
$165.4M
Q1 25
$100.4M
$159.9M
Q4 24
$100.3M
$164.6M
Q3 24
$87.4M
$174.3M
Q2 24
$83.0M
$186.4M
Net Profit
GDYN
GDYN
OIS
OIS
Q1 26
$-1.5M
Q4 25
$306.0K
$-117.2M
Q3 25
$1.2M
$1.9M
Q2 25
$5.3M
$2.8M
Q1 25
$2.9M
$3.2M
Q4 24
$4.5M
$15.2M
Q3 24
$4.3M
$-14.3M
Q2 24
$-817.0K
$1.3M
Gross Margin
GDYN
GDYN
OIS
OIS
Q1 26
34.8%
Q4 25
34.0%
10.9%
Q3 25
33.3%
22.1%
Q2 25
34.1%
24.2%
Q1 25
36.8%
23.3%
Q4 24
36.9%
23.7%
Q3 24
37.4%
21.7%
Q2 24
35.6%
23.8%
Operating Margin
GDYN
GDYN
OIS
OIS
Q1 26
61.7%
Q4 25
0.5%
-63.7%
Q3 25
-0.2%
2.9%
Q2 25
-0.1%
3.2%
Q1 25
-2.0%
3.5%
Q4 24
1.3%
11.2%
Q3 24
2.4%
-6.3%
Q2 24
0.0%
1.1%
Net Margin
GDYN
GDYN
OIS
OIS
Q1 26
-1.4%
Q4 25
0.3%
-65.7%
Q3 25
1.1%
1.2%
Q2 25
5.2%
1.7%
Q1 25
2.9%
2.0%
Q4 24
4.5%
9.2%
Q3 24
4.9%
-8.2%
Q2 24
-1.0%
0.7%
EPS (diluted)
GDYN
GDYN
OIS
OIS
Q1 26
$-0.02
Q4 25
$0.01
$-1.99
Q3 25
$0.01
$0.03
Q2 25
$0.06
$0.05
Q1 25
$0.03
$0.05
Q4 24
$0.06
$0.24
Q3 24
$0.05
$-0.23
Q2 24
$-0.01
$0.02

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
OIS
OIS
Cash + ST InvestmentsLiquidity on hand
$327.5M
$69.9M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$530.1M
$573.2M
Total Assets
$605.0M
$883.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
OIS
OIS
Q1 26
$327.5M
Q4 25
$342.1M
$69.9M
Q3 25
$338.6M
$67.1M
Q2 25
$336.8M
$53.9M
Q1 25
$325.5M
$66.8M
Q4 24
$334.7M
$65.4M
Q3 24
$231.3M
$46.0M
Q2 24
$256.0M
$25.2M
Total Debt
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
$1.7M
Q3 25
$1.9M
Q2 25
$1.9M
Q1 25
$124.7M
Q4 24
$124.7M
Q3 24
$124.6M
Q2 24
$124.3M
Stockholders' Equity
GDYN
GDYN
OIS
OIS
Q1 26
$530.1M
Q4 25
$542.1M
$573.2M
Q3 25
$537.7M
$689.0M
Q2 25
$532.2M
$690.6M
Q1 25
$517.4M
$683.4M
Q4 24
$517.8M
$680.7M
Q3 24
$400.2M
$684.8M
Q2 24
$388.4M
$690.4M
Total Assets
GDYN
GDYN
OIS
OIS
Q1 26
$605.0M
Q4 25
$612.9M
$883.4M
Q3 25
$613.2M
$1.0B
Q2 25
$608.9M
$993.7M
Q1 25
$590.9M
$990.7M
Q4 24
$592.2M
$1.0B
Q3 24
$477.3M
$994.1M
Q2 24
$443.6M
$1.0B
Debt / Equity
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GDYN
GDYN
OIS
OIS
Operating Cash FlowLast quarter
$50.1M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
26.4%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
$9.9M
$50.1M
Q3 25
$7.0M
$30.7M
Q2 25
$14.4M
$15.0M
Q1 25
$9.4M
$9.3M
Q4 24
$7.1M
$18.2M
Q3 24
$9.2M
$28.8M
Q2 24
$10.7M
$10.2M
Free Cash Flow
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
$6.1M
$47.1M
Q3 25
$2.9M
$22.0M
Q2 25
$10.2M
$4.7M
Q1 25
$6.0M
$137.0K
Q4 24
$4.4M
$4.0M
Q3 24
$5.9M
$21.4M
Q2 24
$8.0M
$4.5M
FCF Margin
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
5.7%
26.4%
Q3 25
2.8%
13.3%
Q2 25
10.1%
2.8%
Q1 25
6.0%
0.1%
Q4 24
4.4%
2.4%
Q3 24
6.8%
12.3%
Q2 24
9.7%
2.4%
Capex Intensity
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
3.6%
1.7%
Q3 25
3.9%
5.3%
Q2 25
4.1%
6.2%
Q1 25
3.3%
5.7%
Q4 24
2.6%
8.6%
Q3 24
3.7%
4.3%
Q2 24
3.2%
3.1%
Cash Conversion
GDYN
GDYN
OIS
OIS
Q1 26
Q4 25
32.34×
Q3 25
5.92×
16.15×
Q2 25
2.73×
5.33×
Q1 25
3.21×
2.94×
Q4 24
1.56×
1.20×
Q3 24
2.15×
Q2 24
7.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Segment breakdown not available.

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

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