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Side-by-side financial comparison of Lennox International (LII) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Lennox International is the larger business by last-quarter revenue ($1.2B vs $692.4M, roughly 1.7× OCEANEERING INTERNATIONAL INC). Lennox International runs the higher net margin — 13.6% vs 5.2%, a 8.4% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs -11.2%). Lennox International produced more free cash flow last quarter ($376.7M vs $-76.5M). Over the past eight quarters, Lennox International's revenue compounded faster (6.8% CAGR vs 1.8%).
Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.
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.
LII vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $692.4M |
| Net Profit | $162.1M | $36.1M |
| Gross Margin | 34.7% | — |
| Operating Margin | 18.6% | — |
| Net Margin | 13.6% | 5.2% |
| Revenue YoY | -11.2% | 3.6% |
| Net Profit YoY | -18.0% | -28.3% |
| EPS (diluted) | $4.62 | $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 | $1.2B | $668.6M | ||
| Q3 25 | $1.4B | $742.9M | ||
| Q2 25 | $1.5B | $698.2M | ||
| Q1 25 | $1.1B | $674.5M | ||
| Q4 24 | $1.3B | $713.5M | ||
| Q3 24 | $1.5B | $679.8M | ||
| Q2 24 | $1.5B | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $162.1M | $177.7M | ||
| Q3 25 | $245.8M | $71.3M | ||
| Q2 25 | $277.6M | $54.4M | ||
| Q1 25 | $120.3M | $50.4M | ||
| Q4 24 | $197.7M | $56.1M | ||
| Q3 24 | $239.0M | $41.2M | ||
| Q2 24 | $245.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 34.7% | 19.8% | ||
| Q3 25 | 32.8% | 20.6% | ||
| Q2 25 | 34.8% | 21.3% | ||
| Q1 25 | 30.6% | 20.0% | ||
| Q4 24 | 33.9% | 19.9% | ||
| Q3 24 | 32.6% | 19.3% | ||
| Q2 24 | 33.6% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 9.8% | ||
| Q3 25 | 21.7% | 11.6% | ||
| Q2 25 | 23.6% | 11.3% | ||
| Q1 25 | 14.5% | 10.9% | ||
| Q4 24 | 18.2% | 10.9% | ||
| Q3 24 | 20.2% | 10.5% | ||
| Q2 24 | 22.1% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 13.6% | 26.6% | ||
| Q3 25 | 17.2% | 9.6% | ||
| Q2 25 | 18.5% | 7.8% | ||
| Q1 25 | 11.2% | 7.5% | ||
| Q4 24 | 14.7% | 7.9% | ||
| Q3 24 | 16.0% | 6.1% | ||
| Q2 24 | 16.9% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $4.62 | $1.75 | ||
| Q3 25 | $6.98 | $0.71 | ||
| Q2 25 | $7.82 | $0.54 | ||
| Q1 25 | $3.37 | $0.49 | ||
| Q4 24 | $5.52 | $0.55 | ||
| Q3 24 | $6.68 | $0.40 | ||
| Q2 24 | $6.87 | $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 | $34.7M | — |
| Total DebtLower is stronger | $1.1B | $488.8M |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $4.1B | $2.6B |
| Debt / EquityLower = less leverage | 0.98× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $34.7M | $695.9M | ||
| Q3 25 | $59.2M | $7.0M | ||
| Q2 25 | $55.1M | $7.0M | ||
| Q1 25 | $222.9M | $7.0M | ||
| Q4 24 | $422.3M | $504.5M | ||
| Q3 24 | $255.7M | — | ||
| Q2 24 | $57.8M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $1.1B | $487.4M | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $482.0M | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $907.7M | ||
| Q2 25 | $900.5M | $842.1M | ||
| Q1 25 | $852.5M | $773.1M | ||
| Q4 24 | $850.2M | $714.3M | ||
| Q3 24 | $754.0M | $698.0M | ||
| Q2 24 | $577.4M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.1B | $2.7B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $3.5B | $2.3B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.2B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.98× | 0.46× | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 0.67× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — |
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 | $405.9M | — |
| Free Cash FlowOCF − Capex | $376.7M | $-76.5M |
| FCF MarginFCF / Revenue | 31.5% | -11.1% |
| Capex IntensityCapex / Revenue | 2.4% | 2.5% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $405.9M | $221.1M | ||
| Q3 25 | $300.7M | $101.3M | ||
| Q2 25 | $86.8M | $77.2M | ||
| Q1 25 | $-35.8M | $-80.7M | ||
| Q4 24 | $332.4M | $128.4M | ||
| Q3 24 | $452.1M | $91.9M | ||
| Q2 24 | $184.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $376.7M | $190.7M | ||
| Q3 25 | $265.1M | $77.0M | ||
| Q2 25 | $58.3M | $46.9M | ||
| Q1 25 | $-61.3M | $-106.8M | ||
| Q4 24 | $272.2M | $94.5M | ||
| Q3 24 | $410.9M | $67.0M | ||
| Q2 24 | $151.3M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 31.5% | 28.5% | ||
| Q3 25 | 18.6% | 10.4% | ||
| Q2 25 | 3.9% | 6.7% | ||
| Q1 25 | -5.7% | -15.8% | ||
| Q4 24 | 20.2% | 13.2% | ||
| Q3 24 | 27.4% | 9.9% | ||
| Q2 24 | 10.4% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 2.4% | 4.6% | ||
| Q3 25 | 2.5% | 3.3% | ||
| Q2 25 | 1.9% | 4.3% | ||
| Q1 25 | 2.4% | 3.9% | ||
| Q4 24 | 4.5% | 4.7% | ||
| Q3 24 | 2.8% | 3.7% | ||
| Q2 24 | 2.3% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.50× | 1.24× | ||
| Q3 25 | 1.22× | 1.42× | ||
| Q2 25 | 0.31× | 1.42× | ||
| Q1 25 | -0.30× | -1.60× | ||
| Q4 24 | 1.68× | 2.29× | ||
| Q3 24 | 1.89× | 2.23× | ||
| Q2 24 | 0.75× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
OII
Segment breakdown not available.
