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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and ODYSSEY MARINE EXPLORATION INC (OMEX). Click either name above to swap in a different company.

KNOT Offshore Partners LP is the larger business by last-quarter revenue ($87.1M vs $22.7K, roughly 3827.8× ODYSSEY MARINE EXPLORATION INC). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -76530.3%, a 76538.1% gap on every dollar of revenue. On growth, KNOT Offshore Partners LP posted the faster year-over-year revenue change (17.0% vs -83.3%).

KNOT Offshore Partners LP is a publicly traded master limited partnership focused on owning, operating and chartering purpose-built shuttle tankers. It serves offshore oil and gas production operators across key markets including the North Sea, Brazil and West Africa, supporting marine logistics for offshore energy extraction.

Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Their work has been featured on the Discovery Channel, PBS and National Geographic.

KNOP vs OMEX — Head-to-Head

Bigger by revenue
KNOP
KNOP
3827.8× larger
KNOP
$87.1M
$22.7K
OMEX
Growing faster (revenue YoY)
KNOP
KNOP
+100.3% gap
KNOP
17.0%
-83.3%
OMEX
Higher net margin
KNOP
KNOP
76538.1% more per $
KNOP
7.8%
-76530.3%
OMEX

Income Statement — Q2 2025 vs Q4 2025

Metric
KNOP
KNOP
OMEX
OMEX
Revenue
$87.1M
$22.7K
Net Profit
$6.8M
$-17.4M
Gross Margin
Operating Margin
25.5%
-20662.5%
Net Margin
7.8%
-76530.3%
Revenue YoY
17.0%
-83.3%
Net Profit YoY
153.0%
-248.0%
EPS (diluted)
$-0.32

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
KNOP
KNOP
OMEX
OMEX
Q4 25
$22.7K
Q3 25
$61.0K
Q2 25
$87.1M
$135.0K
Q1 25
$135.0K
Q4 24
$136.1K
Q3 24
$213.9K
Q2 24
$74.4M
$215.6K
Q1 24
$203.1K
Net Profit
KNOP
KNOP
OMEX
OMEX
Q4 25
$-17.4M
Q3 25
$-13.1M
Q2 25
$6.8M
$-14.8M
Q1 25
$2.2M
Q4 24
$-5.0M
Q3 24
$18.7M
Q2 24
$-12.9M
$-1.5M
Q1 24
$3.5M
Operating Margin
KNOP
KNOP
OMEX
OMEX
Q4 25
-20662.5%
Q3 25
-3494.4%
Q2 25
25.5%
-3241.0%
Q1 25
-1648.6%
Q4 24
-1031.0%
Q3 24
-1340.9%
Q2 24
1.8%
-1399.1%
Q1 24
-2323.0%
Net Margin
KNOP
KNOP
OMEX
OMEX
Q4 25
-76530.3%
Q3 25
-21439.5%
Q2 25
7.8%
-10998.5%
Q1 25
1660.4%
Q4 24
-3673.4%
Q3 24
8736.9%
Q2 24
-17.3%
-708.4%
Q1 24
1722.6%
EPS (diluted)
KNOP
KNOP
OMEX
OMEX
Q4 25
$-0.32
Q3 25
$-0.31
Q2 25
$-0.48
Q1 25
$0.01
Q4 24
$0.19
Q3 24
$0.13
Q2 24
$-0.07
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
OMEX
OMEX
Cash + ST InvestmentsLiquidity on hand
$66.3M
$3.5M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$-37.6M
Total Assets
$1.6B
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
OMEX
OMEX
Q4 25
$3.5M
Q3 25
$5.8M
Q2 25
$66.3M
$3.6M
Q1 25
$2.5M
Q4 24
$4.8M
Q3 24
$2.9M
Q2 24
$56.6M
$7.6M
Q1 24
$2.1M
Total Debt
KNOP
KNOP
OMEX
OMEX
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
OMEX
OMEX
Q4 25
$-37.6M
Q3 25
$-45.4M
Q2 25
$-52.8M
Q1 25
$-13.9M
Q4 24
$-16.2M
Q3 24
$-16.1M
Q2 24
$-35.7M
Q1 24
$-35.1M
Total Assets
KNOP
KNOP
OMEX
OMEX
Q4 25
$15.8M
Q3 25
$17.7M
Q2 25
$1.6B
$16.6M
Q1 25
$15.8M
Q4 24
$18.5M
Q3 24
$21.8M
Q2 24
$1.5B
$26.3M
Q1 24
$20.6M

Cash Flow & Capital Efficiency

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

Metric
KNOP
KNOP
OMEX
OMEX
Operating Cash FlowLast quarter
$-2.8M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-12467.8%
Capex IntensityCapex / Revenue
63.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
OMEX
OMEX
Q4 25
$-2.8M
Q3 25
$-2.1M
Q2 25
$-2.0M
Q1 25
$-2.0M
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$-1.7M
Free Cash Flow
KNOP
KNOP
OMEX
OMEX
Q4 25
$-2.8M
Q3 25
$-2.1M
Q2 25
Q1 25
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$-1.8M
FCF Margin
KNOP
KNOP
OMEX
OMEX
Q4 25
-12467.8%
Q3 25
-3438.2%
Q2 25
Q1 25
Q4 24
-1302.1%
Q3 24
-728.7%
Q2 24
2605.0%
Q1 24
-873.2%
Capex Intensity
KNOP
KNOP
OMEX
OMEX
Q4 25
63.8%
Q3 25
2.6%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
3.0%
Q3 24
1.9%
Q2 24
9.1%
Q1 24
51.2%
Cash Conversion
KNOP
KNOP
OMEX
OMEX
Q4 25
Q3 25
Q2 25
Q1 25
-0.87×
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24
-0.48×

Financial Flow Comparison

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

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