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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.

IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $692.4M, roughly 1.3× OCEANEERING INTERNATIONAL INC). IES Holdings, Inc. runs the higher net margin — 10.5% vs 5.2%, a 5.3% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 3.6%). IES Holdings, Inc. produced more free cash flow last quarter ($-18.9M vs $-76.5M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 1.8%).

IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc., designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities.

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.

IESC vs OII — Head-to-Head

Bigger by revenue
IESC
IESC
1.3× larger
IESC
$871.0M
$692.4M
OII
Growing faster (revenue YoY)
IESC
IESC
+12.6% gap
IESC
16.2%
3.6%
OII
Higher net margin
IESC
IESC
5.3% more per $
IESC
10.5%
5.2%
OII
More free cash flow
IESC
IESC
$57.6M more FCF
IESC
$-18.9M
$-76.5M
OII
Faster 2-yr revenue CAGR
IESC
IESC
Annualised
IESC
11.1%
1.8%
OII

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IESC
IESC
OII
OII
Revenue
$871.0M
$692.4M
Net Profit
$91.8M
$36.1M
Gross Margin
25.3%
Operating Margin
11.2%
Net Margin
10.5%
5.2%
Revenue YoY
16.2%
3.6%
Net Profit YoY
59.1%
-28.3%
EPS (diluted)
$4.51
$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
IESC
IESC
OII
OII
Q1 26
$692.4M
Q4 25
$871.0M
$668.6M
Q3 25
$897.8M
$742.9M
Q2 25
$890.2M
$698.2M
Q1 25
$834.0M
$674.5M
Q4 24
$749.5M
$713.5M
Q3 24
$775.8M
$679.8M
Q2 24
$768.4M
$668.8M
Net Profit
IESC
IESC
OII
OII
Q1 26
$36.1M
Q4 25
$91.8M
$177.7M
Q3 25
$102.3M
$71.3M
Q2 25
$79.3M
$54.4M
Q1 25
$72.6M
$50.4M
Q4 24
$57.7M
$56.1M
Q3 24
$65.5M
$41.2M
Q2 24
$66.6M
$35.0M
Gross Margin
IESC
IESC
OII
OII
Q1 26
Q4 25
25.3%
19.8%
Q3 25
26.0%
20.6%
Q2 25
26.9%
21.3%
Q1 25
25.0%
20.0%
Q4 24
23.8%
19.9%
Q3 24
24.0%
19.3%
Q2 24
25.3%
18.0%
Operating Margin
IESC
IESC
OII
OII
Q1 26
Q4 25
11.2%
9.8%
Q3 25
11.6%
11.6%
Q2 25
12.6%
11.3%
Q1 25
11.1%
10.9%
Q4 24
10.0%
10.9%
Q3 24
9.7%
10.5%
Q2 24
11.7%
9.0%
Net Margin
IESC
IESC
OII
OII
Q1 26
5.2%
Q4 25
10.5%
26.6%
Q3 25
11.4%
9.6%
Q2 25
8.9%
7.8%
Q1 25
8.7%
7.5%
Q4 24
7.7%
7.9%
Q3 24
8.4%
6.1%
Q2 24
8.7%
5.2%
EPS (diluted)
IESC
IESC
OII
OII
Q1 26
$0.36
Q4 25
$4.51
$1.75
Q3 25
$4.99
$0.71
Q2 25
$3.81
$0.54
Q1 25
$3.50
$0.49
Q4 24
$2.72
$0.55
Q3 24
$3.06
$0.40
Q2 24
$2.67
$0.34

Balance Sheet & Financial Strength

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

Metric
IESC
IESC
OII
OII
Cash + ST InvestmentsLiquidity on hand
$258.7M
Total DebtLower is stronger
$488.8M
Stockholders' EquityBook value
$961.1M
$1.1B
Total Assets
$1.7B
$2.6B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IESC
IESC
OII
OII
Q1 26
Q4 25
$258.7M
$695.9M
Q3 25
$231.8M
$7.0M
Q2 25
$168.3M
$7.0M
Q1 25
$88.3M
$7.0M
Q4 24
$112.0M
$504.5M
Q3 24
$135.8M
Q2 24
$44.9M
Total Debt
IESC
IESC
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
IESC
IESC
OII
OII
Q1 26
$1.1B
Q4 25
$961.1M
$1.1B
Q3 25
$884.0M
$907.7M
Q2 25
$781.4M
$842.1M
Q1 25
$705.8M
$773.1M
Q4 24
$652.4M
$714.3M
Q3 24
$611.1M
$698.0M
Q2 24
$567.5M
$651.0M
Total Assets
IESC
IESC
OII
OII
Q1 26
$2.6B
Q4 25
$1.7B
$2.7B
Q3 25
$1.6B
$2.5B
Q2 25
$1.5B
$2.3B
Q1 25
$1.4B
$2.3B
Q4 24
$1.3B
$2.3B
Q3 24
$1.2B
$2.4B
Q2 24
$1.2B
$2.3B
Debt / Equity
IESC
IESC
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
IESC
IESC
OII
OII
Operating Cash FlowLast quarter
$27.7M
Free Cash FlowOCF − Capex
$-18.9M
$-76.5M
FCF MarginFCF / Revenue
-2.2%
-11.1%
Capex IntensityCapex / Revenue
5.3%
2.5%
Cash ConversionOCF / Net Profit
0.30×
TTM Free Cash FlowTrailing 4 quarters
$175.9M
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IESC
IESC
OII
OII
Q1 26
Q4 25
$27.7M
$221.1M
Q3 25
$132.0M
$101.3M
Q2 25
$92.0M
$77.2M
Q1 25
$24.8M
$-80.7M
Q4 24
$37.3M
$128.4M
Q3 24
$92.8M
$91.9M
Q2 24
$82.9M
$52.6M
Free Cash Flow
IESC
IESC
OII
OII
Q1 26
$-76.5M
Q4 25
$-18.9M
$190.7M
Q3 25
$112.0M
$77.0M
Q2 25
$74.8M
$46.9M
Q1 25
$7.9M
$-106.8M
Q4 24
$24.1M
$94.5M
Q3 24
$78.5M
$67.0M
Q2 24
$65.4M
$29.8M
FCF Margin
IESC
IESC
OII
OII
Q1 26
-11.1%
Q4 25
-2.2%
28.5%
Q3 25
12.5%
10.4%
Q2 25
8.4%
6.7%
Q1 25
0.9%
-15.8%
Q4 24
3.2%
13.2%
Q3 24
10.1%
9.9%
Q2 24
8.5%
4.5%
Capex Intensity
IESC
IESC
OII
OII
Q1 26
2.5%
Q4 25
5.3%
4.6%
Q3 25
2.2%
3.3%
Q2 25
1.9%
4.3%
Q1 25
2.0%
3.9%
Q4 24
1.8%
4.7%
Q3 24
1.8%
3.7%
Q2 24
2.3%
3.4%
Cash Conversion
IESC
IESC
OII
OII
Q1 26
Q4 25
0.30×
1.24×
Q3 25
1.29×
1.42×
Q2 25
1.16×
1.42×
Q1 25
0.34×
-1.60×
Q4 24
0.65×
2.29×
Q3 24
1.42×
2.23×
Q2 24
1.24×
1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IESC
IESC

Communications$351.9M40%
Single Family Electrical Contracts$137.0M16%
Custom Engineered Solutions$116.0M13%
Commercialand Industrial$94.8M11%
Single Family Contracts Plumbing HVAC$82.9M10%
Multi Familyand Other$64.2M7%
Industrial Services$24.2M3%

OII
OII

Segment breakdown not available.

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