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Side-by-side financial comparison of Magnera Corp (MAGN) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $692.4M, roughly 1.1× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -4.3%, a 9.5% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 2.7%). Magnera Corp produced more free cash flow last quarter ($-13.0M vs $-76.5M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 1.8%).
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.
MAGN vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $692.4M |
| Net Profit | $-34.0M | $36.1M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | — |
| Net Margin | -4.3% | 5.2% |
| Revenue YoY | 12.8% | 2.7% |
| Net Profit YoY | 43.3% | -79.7% |
| EPS (diluted) | $-0.95 | $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 | $792.0M | $668.6M | ||
| Q3 25 | — | $742.9M | ||
| Q2 25 | $839.0M | $698.2M | ||
| Q1 25 | $824.0M | $674.5M | ||
| Q4 24 | $702.0M | $713.5M | ||
| Q3 24 | $332.1M | $679.8M | ||
| Q2 24 | $556.0M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $-34.0M | $177.7M | ||
| Q3 25 | — | $71.3M | ||
| Q2 25 | $-18.0M | $54.4M | ||
| Q1 25 | $-41.0M | $50.4M | ||
| Q4 24 | $-60.0M | $56.1M | ||
| Q3 24 | $-15.2M | $41.2M | ||
| Q2 24 | $19.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | 10.7% | 21.3% | ||
| Q1 25 | 10.7% | 20.0% | ||
| Q4 24 | 10.1% | 19.9% | ||
| Q3 24 | 10.7% | 19.3% | ||
| Q2 24 | 6.6% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 9.8% | ||
| Q3 25 | — | 11.6% | ||
| Q2 25 | 1.5% | 11.3% | ||
| Q1 25 | 0.5% | 10.9% | ||
| Q4 24 | -3.1% | 10.9% | ||
| Q3 24 | 0.9% | 10.5% | ||
| Q2 24 | 3.1% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | -4.3% | 26.6% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | -2.1% | 7.8% | ||
| Q1 25 | -5.0% | 7.5% | ||
| Q4 24 | -8.5% | 7.9% | ||
| Q3 24 | -4.6% | 6.1% | ||
| Q2 24 | 3.4% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.95 | $1.75 | ||
| Q3 25 | — | $0.71 | ||
| Q2 25 | $-0.51 | $0.54 | ||
| Q1 25 | $-1.15 | $0.49 | ||
| Q4 24 | $-1.69 | $0.55 | ||
| Q3 24 | $-0.33 | $0.40 | ||
| Q2 24 | $0.60 | $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 | $264.0M | — |
| Total DebtLower is stronger | $1.9B | $488.8M |
| Stockholders' EquityBook value | $1.0B | $1.1B |
| Total Assets | $3.9B | $2.6B |
| Debt / EquityLower = less leverage | 1.86× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $264.0M | $695.9M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | $276.0M | $7.0M | ||
| Q1 25 | $282.0M | $7.0M | ||
| Q4 24 | $215.0M | $504.5M | ||
| Q3 24 | $230.0M | — | ||
| Q2 24 | $33.9M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $1.9B | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $482.0M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | — | $907.7M | ||
| Q2 25 | $1.1B | $842.1M | ||
| Q1 25 | $1.1B | $773.1M | ||
| Q4 24 | $1.1B | $714.3M | ||
| Q3 24 | $2.1B | $698.0M | ||
| Q2 24 | $2.4B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.9B | $2.7B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $4.1B | $2.3B | ||
| Q1 25 | $4.1B | $2.3B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $2.8B | $2.4B | ||
| Q2 24 | $1.5B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 1.86× | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | 0.67× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — |
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 | $2.0M | — |
| Free Cash FlowOCF − Capex | $-13.0M | $-76.5M |
| FCF MarginFCF / Revenue | -1.6% | -11.1% |
| Capex IntensityCapex / Revenue | 1.9% | 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 | $2.0M | $221.1M | ||
| Q3 25 | — | $101.3M | ||
| Q2 25 | $0 | $77.2M | ||
| Q1 25 | $65.0M | $-80.7M | ||
| Q4 24 | $-58.0M | $128.4M | ||
| Q3 24 | $12.2M | $91.9M | ||
| Q2 24 | $38.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $-13.0M | $190.7M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $46.9M | ||
| Q1 25 | $42.0M | $-106.8M | ||
| Q4 24 | $-74.0M | $94.5M | ||
| Q3 24 | $3.6M | $67.0M | ||
| Q2 24 | $23.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | -1.6% | 28.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | 5.1% | -15.8% | ||
| Q4 24 | -10.5% | 13.2% | ||
| Q3 24 | 1.1% | 9.9% | ||
| Q2 24 | 4.1% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | 1.5% | 4.3% | ||
| Q1 25 | 2.8% | 3.9% | ||
| Q4 24 | 2.3% | 4.7% | ||
| Q3 24 | 2.6% | 3.7% | ||
| Q2 24 | 2.7% | 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 | 2.00× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
