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Side-by-side financial comparison of IDEX Corporation (IEX) 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 $398.4M, roughly 1.7× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 5.2%, a 24.9% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 3.6%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -29.4%).
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
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.
IEX vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $692.4M |
| Net Profit | $120.0M | $36.1M |
| Gross Margin | 99.9% | — |
| Operating Margin | 43.3% | — |
| Net Margin | 30.1% | 5.2% |
| Revenue YoY | 16.7% | 3.6% |
| Net Profit YoY | 25.7% | -28.3% |
| EPS (diluted) | $1.61 | $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.
| Q2 26 | $398.4M | — | ||
| Q1 26 | $407.7M | $692.4M | ||
| Q4 25 | $899.1M | $668.6M | ||
| Q3 25 | $878.7M | $742.9M | ||
| Q2 25 | $865.4M | $698.2M | ||
| Q1 25 | $814.3M | $674.5M | ||
| Q4 24 | $862.9M | $713.5M | ||
| Q3 24 | $798.2M | $679.8M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | $36.1M | ||
| Q4 25 | $128.3M | $177.7M | ||
| Q3 25 | $127.8M | $71.3M | ||
| Q2 25 | $131.6M | $54.4M | ||
| Q1 25 | $95.5M | $50.4M | ||
| Q4 24 | $123.2M | $56.1M | ||
| Q3 24 | $119.1M | $41.2M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 19.8% | ||
| Q3 25 | 44.5% | 20.6% | ||
| Q2 25 | 45.3% | 21.3% | ||
| Q1 25 | 45.3% | 20.0% | ||
| Q4 24 | 42.5% | 19.9% | ||
| Q3 24 | 44.3% | 19.3% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 9.8% | ||
| Q3 25 | 21.1% | 11.6% | ||
| Q2 25 | 21.7% | 11.3% | ||
| Q1 25 | 17.4% | 10.9% | ||
| Q4 24 | 19.2% | 10.9% | ||
| Q3 24 | 21.0% | 10.5% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | 5.2% | ||
| Q4 25 | 14.3% | 26.6% | ||
| Q3 25 | 14.5% | 9.6% | ||
| Q2 25 | 15.2% | 7.8% | ||
| Q1 25 | 11.7% | 7.5% | ||
| Q4 24 | 14.3% | 7.9% | ||
| Q3 24 | 14.9% | 6.1% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | $0.36 | ||
| Q4 25 | $1.71 | $1.75 | ||
| Q3 25 | $1.70 | $0.71 | ||
| Q2 25 | $1.74 | $0.54 | ||
| Q1 25 | $1.26 | $0.49 | ||
| Q4 24 | $1.61 | $0.55 | ||
| Q3 24 | $1.57 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $586.2M | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $4.0B | $1.1B |
| Total Assets | $6.9B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $695.9M | ||
| Q3 25 | $593.8M | $7.0M | ||
| Q2 25 | $568.2M | $7.0M | ||
| Q1 25 | $594.1M | $7.0M | ||
| Q4 24 | $620.8M | $504.5M | ||
| Q3 24 | $633.2M | — |
| Q2 26 | — | — | ||
| Q1 26 | — | $488.8M | ||
| Q4 25 | $1.8B | $487.4M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $482.0M | ||
| Q3 24 | $2.1B | — |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | $1.1B | ||
| Q4 25 | $4.0B | $1.1B | ||
| Q3 25 | $4.0B | $907.7M | ||
| Q2 25 | $4.0B | $842.1M | ||
| Q1 25 | $3.9B | $773.1M | ||
| Q4 24 | $3.8B | $714.3M | ||
| Q3 24 | $3.8B | $698.0M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | $2.6B | ||
| Q4 25 | $6.9B | $2.7B | ||
| Q3 25 | $7.0B | $2.5B | ||
| Q2 25 | $6.9B | $2.3B | ||
| Q1 25 | $6.8B | $2.3B | ||
| Q4 24 | $6.7B | $2.3B | ||
| Q3 24 | $7.0B | $2.4B |
| Q2 26 | — | — | ||
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.45× | 0.46× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | 0.67× | ||
| Q3 24 | 0.55× | — |
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 | — | — |
| Free Cash FlowOCF − Capex | $86.0M | $-76.5M |
| FCF MarginFCF / Revenue | 21.6% | -11.1% |
| Capex IntensityCapex / Revenue | 4.4% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $221.1M | ||
| Q3 25 | $203.5M | $101.3M | ||
| Q2 25 | $161.7M | $77.2M | ||
| Q1 25 | $105.7M | $-80.7M | ||
| Q4 24 | $172.6M | $128.4M | ||
| Q3 24 | $205.3M | $91.9M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | $-76.5M | ||
| Q4 25 | $189.8M | $190.7M | ||
| Q3 25 | $188.7M | $77.0M | ||
| Q2 25 | $146.9M | $46.9M | ||
| Q1 25 | $91.4M | $-106.8M | ||
| Q4 24 | $157.1M | $94.5M | ||
| Q3 24 | $191.6M | $67.0M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | -11.1% | ||
| Q4 25 | 21.1% | 28.5% | ||
| Q3 25 | 21.5% | 10.4% | ||
| Q2 25 | 17.0% | 6.7% | ||
| Q1 25 | 11.2% | -15.8% | ||
| Q4 24 | 18.2% | 13.2% | ||
| Q3 24 | 24.0% | 9.9% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | 2.5% | ||
| Q4 25 | 2.2% | 4.6% | ||
| Q3 25 | 1.7% | 3.3% | ||
| Q2 25 | 1.7% | 4.3% | ||
| Q1 25 | 1.8% | 3.9% | ||
| Q4 24 | 1.8% | 4.7% | ||
| Q3 24 | 1.7% | 3.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.24× | ||
| Q3 25 | 1.59× | 1.42× | ||
| Q2 25 | 1.23× | 1.42× | ||
| Q1 25 | 1.11× | -1.60× | ||
| Q4 24 | 1.40× | 2.29× | ||
| Q3 24 | 1.72× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
