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Side-by-side financial comparison of JANUS HENDERSON GROUP PLC (JHG) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $692.4M, roughly 1.6× OCEANEERING INTERNATIONAL INC). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 5.2%, a 30.1% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 2.7%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $-76.5M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs 1.8%).
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
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.
JHG vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $692.4M |
| Net Profit | $403.2M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 42.7% | — |
| Net Margin | 35.3% | 5.2% |
| Revenue YoY | 61.3% | 2.7% |
| Net Profit YoY | 231.0% | -79.7% |
| EPS (diluted) | $2.59 | $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 | $1.1B | $668.6M | ||
| Q3 25 | $700.4M | $742.9M | ||
| Q2 25 | $633.2M | $698.2M | ||
| Q1 25 | $621.4M | $674.5M | ||
| Q4 24 | $708.3M | $713.5M | ||
| Q3 24 | $624.8M | $679.8M | ||
| Q2 24 | $588.4M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $403.2M | $177.7M | ||
| Q3 25 | $142.1M | $71.3M | ||
| Q2 25 | $149.9M | $54.4M | ||
| Q1 25 | $120.7M | $50.4M | ||
| Q4 24 | $121.8M | $56.1M | ||
| Q3 24 | $27.3M | $41.2M | ||
| Q2 24 | $129.7M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 42.7% | 9.8% | ||
| Q3 25 | 24.6% | 11.6% | ||
| Q2 25 | 25.9% | 11.3% | ||
| Q1 25 | 24.7% | 10.9% | ||
| Q4 24 | 27.9% | 10.9% | ||
| Q3 24 | 26.4% | 10.5% | ||
| Q2 24 | 27.9% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 35.3% | 26.6% | ||
| Q3 25 | 20.3% | 9.6% | ||
| Q2 25 | 23.7% | 7.8% | ||
| Q1 25 | 19.4% | 7.5% | ||
| Q4 24 | 17.2% | 7.9% | ||
| Q3 24 | 4.4% | 6.1% | ||
| Q2 24 | 22.0% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $2.59 | $1.75 | ||
| Q3 25 | $0.92 | $0.71 | ||
| Q2 25 | $0.95 | $0.54 | ||
| Q1 25 | $0.77 | $0.49 | ||
| Q4 24 | $0.77 | $0.55 | ||
| Q3 24 | $0.17 | $0.40 | ||
| Q2 24 | $0.81 | $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 | $1.6B | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $5.1B | $1.1B |
| Total Assets | $8.3B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $695.9M | ||
| Q3 25 | $1.4B | $7.0M | ||
| Q2 25 | $1.3B | $7.0M | ||
| Q1 25 | $1.4B | $7.0M | ||
| Q4 24 | $1.6B | $504.5M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $5.1B | $1.1B | ||
| Q3 25 | $4.8B | $907.7M | ||
| Q2 25 | $4.8B | $842.1M | ||
| Q1 25 | $4.7B | $773.1M | ||
| Q4 24 | $4.6B | $714.3M | ||
| Q3 24 | $4.6B | $698.0M | ||
| Q2 24 | $4.5B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $8.3B | $2.7B | ||
| Q3 25 | $7.6B | $2.5B | ||
| Q2 25 | $7.5B | $2.3B | ||
| Q1 25 | $7.1B | $2.3B | ||
| Q4 24 | $7.0B | $2.3B | ||
| Q3 24 | $7.3B | $2.4B | ||
| Q2 24 | $6.4B | $2.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $322.7M | — |
| Free Cash FlowOCF − Capex | $320.4M | $-76.5M |
| FCF MarginFCF / Revenue | 28.0% | -11.1% |
| Capex IntensityCapex / Revenue | 0.2% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $710.9M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $322.7M | $221.1M | ||
| Q3 25 | $258.8M | $101.3M | ||
| Q2 25 | $135.2M | $77.2M | ||
| Q1 25 | $2.8M | $-80.7M | ||
| Q4 24 | $247.3M | $128.4M | ||
| Q3 24 | $228.5M | $91.9M | ||
| Q2 24 | $223.8M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $320.4M | $190.7M | ||
| Q3 25 | $256.4M | $77.0M | ||
| Q2 25 | $133.2M | $46.9M | ||
| Q1 25 | $900.0K | $-106.8M | ||
| Q4 24 | $243.5M | $94.5M | ||
| Q3 24 | $225.9M | $67.0M | ||
| Q2 24 | $221.9M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 28.0% | 28.5% | ||
| Q3 25 | 36.6% | 10.4% | ||
| Q2 25 | 21.0% | 6.7% | ||
| Q1 25 | 0.1% | -15.8% | ||
| Q4 24 | 34.4% | 13.2% | ||
| Q3 24 | 36.2% | 9.9% | ||
| Q2 24 | 37.7% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 0.2% | 4.6% | ||
| Q3 25 | 0.3% | 3.3% | ||
| Q2 25 | 0.3% | 4.3% | ||
| Q1 25 | 0.3% | 3.9% | ||
| Q4 24 | 0.5% | 4.7% | ||
| Q3 24 | 0.4% | 3.7% | ||
| Q2 24 | 0.3% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.24× | ||
| Q3 25 | 1.82× | 1.42× | ||
| Q2 25 | 0.90× | 1.42× | ||
| Q1 25 | 0.02× | -1.60× | ||
| Q4 24 | 2.03× | 2.29× | ||
| Q3 24 | 8.37× | 2.23× | ||
| Q2 24 | 1.73× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
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% |
