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Side-by-side financial comparison of Lineage, Inc. (LINE) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $692.4M, roughly 2.0× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -7.3%, a 12.5% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs 2.7%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $-76.5M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs OII — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $692.4M |
| Net Profit | $-100.0M | $36.1M |
| Gross Margin | 32.3% | — |
| Operating Margin | 2.5% | — |
| Net Margin | -7.3% | 5.2% |
| Revenue YoY | 3.1% | 2.7% |
| Net Profit YoY | 79.4% | -79.7% |
| EPS (diluted) | $-0.44 | $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 | — | $668.6M | ||
| Q3 25 | $1.4B | $742.9M | ||
| Q2 25 | $1.4B | $698.2M | ||
| Q1 25 | $1.3B | $674.5M | ||
| Q4 24 | $1.3B | $713.5M | ||
| Q3 24 | $1.3B | $679.8M | ||
| Q2 24 | $1.3B | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | — | $177.7M | ||
| Q3 25 | $-100.0M | $71.3M | ||
| Q2 25 | $-6.0M | $54.4M | ||
| Q1 25 | $0 | $50.4M | ||
| Q4 24 | $-71.0M | $56.1M | ||
| Q3 24 | $-485.0M | $41.2M | ||
| Q2 24 | $-68.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 32.3% | 20.6% | ||
| Q2 25 | 31.9% | 21.3% | ||
| Q1 25 | 32.2% | 20.0% | ||
| Q4 24 | 32.3% | 19.9% | ||
| Q3 24 | 32.8% | 19.3% | ||
| Q2 24 | 33.4% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 2.5% | 11.6% | ||
| Q2 25 | 1.7% | 11.3% | ||
| Q1 25 | 4.3% | 10.9% | ||
| Q4 24 | -1.6% | 10.9% | ||
| Q3 24 | -38.6% | 10.5% | ||
| Q2 24 | 5.5% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | -7.3% | 9.6% | ||
| Q2 25 | -0.4% | 7.8% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | -5.3% | 7.9% | ||
| Q3 24 | -36.3% | 6.1% | ||
| Q2 24 | -5.1% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.75 | ||
| Q3 25 | $-0.44 | $0.71 | ||
| Q2 25 | $-0.03 | $0.54 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | $-0.52 | $0.55 | ||
| Q3 24 | $-2.44 | $0.40 | ||
| Q2 24 | $-0.46 | $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 | — | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $8.4B | $1.1B |
| Total Assets | $19.2B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.0M | ||
| Q4 24 | $173.0M | $504.5M | ||
| Q3 24 | $409.0M | — | ||
| Q2 24 | $73.0M | — |
| 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 | — | $1.1B | ||
| Q3 25 | $8.4B | $907.7M | ||
| Q2 25 | $8.6B | $842.1M | ||
| Q1 25 | $8.6B | $773.1M | ||
| Q4 24 | $8.6B | $714.3M | ||
| Q3 24 | $9.0B | $698.0M | ||
| Q2 24 | $4.9B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $19.2B | $2.5B | ||
| Q2 25 | $19.4B | $2.3B | ||
| Q1 25 | $18.8B | $2.3B | ||
| Q4 24 | $18.7B | $2.3B | ||
| Q3 24 | $19.3B | $2.4B | ||
| Q2 24 | $18.8B | $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 | $230.0M | — |
| Free Cash FlowOCF − Capex | $35.0M | $-76.5M |
| FCF MarginFCF / Revenue | 2.5% | -11.1% |
| Capex IntensityCapex / Revenue | 14.2% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $221.1M | ||
| Q3 25 | $230.0M | $101.3M | ||
| Q2 25 | $258.0M | $77.2M | ||
| Q1 25 | $139.0M | $-80.7M | ||
| Q4 24 | — | $128.4M | ||
| Q3 24 | $186.0M | $91.9M | ||
| Q2 24 | $155.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $35.0M | $77.0M | ||
| Q2 25 | $95.0M | $46.9M | ||
| Q1 25 | $-12.0M | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | $33.0M | $67.0M | ||
| Q2 24 | $-31.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 2.5% | 10.4% | ||
| Q2 25 | 7.0% | 6.7% | ||
| Q1 25 | -0.9% | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 2.5% | 9.9% | ||
| Q2 24 | -2.3% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 14.2% | 3.3% | ||
| Q2 25 | 12.1% | 4.3% | ||
| Q1 25 | 11.7% | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 11.5% | 3.7% | ||
| Q2 24 | 13.9% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |
