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Side-by-side financial comparison of Microchip Technology (MCHP) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.2B vs $692.4M, roughly 1.7× OCEANEERING INTERNATIONAL INC). Microchip Technology runs the higher net margin — 5.3% vs 5.2%, a 0.1% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs 3.6%). Microchip Technology produced more free cash flow last quarter ($318.9M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -5.4%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
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.
MCHP vs OII — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $692.4M |
| Net Profit | $62.7M | $36.1M |
| Gross Margin | 59.6% | — |
| Operating Margin | 12.8% | — |
| Net Margin | 5.3% | 5.2% |
| Revenue YoY | 15.6% | 3.6% |
| Net Profit YoY | 217.0% | -28.3% |
| EPS (diluted) | $0.06 | $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 | $1.1B | $742.9M | ||
| Q2 25 | $1.1B | $698.2M | ||
| Q1 25 | $970.5M | $674.5M | ||
| Q4 24 | $1.0B | $713.5M | ||
| Q3 24 | $1.2B | $679.8M | ||
| Q2 24 | $1.2B | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $62.7M | $177.7M | ||
| Q3 25 | $41.7M | $71.3M | ||
| Q2 25 | $-18.6M | $54.4M | ||
| Q1 25 | $-154.6M | $50.4M | ||
| Q4 24 | $-53.6M | $56.1M | ||
| Q3 24 | $78.4M | $41.2M | ||
| Q2 24 | $129.3M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 59.6% | 19.8% | ||
| Q3 25 | 55.9% | 20.6% | ||
| Q2 25 | 53.6% | 21.3% | ||
| Q1 25 | 51.6% | 20.0% | ||
| Q4 24 | 54.7% | 19.9% | ||
| Q3 24 | 57.4% | 19.3% | ||
| Q2 24 | 59.4% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 12.8% | 9.8% | ||
| Q3 25 | 7.8% | 11.6% | ||
| Q2 25 | 3.0% | 11.3% | ||
| Q1 25 | -10.3% | 10.9% | ||
| Q4 24 | 3.0% | 10.9% | ||
| Q3 24 | 12.6% | 10.5% | ||
| Q2 24 | 17.7% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 5.3% | 26.6% | ||
| Q3 25 | 3.7% | 9.6% | ||
| Q2 25 | -1.7% | 7.8% | ||
| Q1 25 | -15.9% | 7.5% | ||
| Q4 24 | -5.2% | 7.9% | ||
| Q3 24 | 6.7% | 6.1% | ||
| Q2 24 | 10.4% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.06 | $1.75 | ||
| Q3 25 | $0.03 | $0.71 | ||
| Q2 25 | $-0.09 | $0.54 | ||
| Q1 25 | $-0.29 | $0.49 | ||
| Q4 24 | $-0.10 | $0.55 | ||
| Q3 24 | $0.14 | $0.40 | ||
| Q2 24 | $0.24 | $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 | $250.7M | — |
| Total DebtLower is stronger | $5.4B | $488.8M |
| Stockholders' EquityBook value | $6.6B | $1.1B |
| Total Assets | $14.3B | $2.6B |
| Debt / EquityLower = less leverage | 0.82× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $250.7M | $695.9M | ||
| Q3 25 | $236.8M | $7.0M | ||
| Q2 25 | $566.5M | $7.0M | ||
| Q1 25 | $771.7M | $7.0M | ||
| Q4 24 | $586.0M | $504.5M | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $315.1M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $5.4B | $487.4M | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $6.7B | $482.0M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $6.6B | $1.1B | ||
| Q3 25 | $6.7B | $907.7M | ||
| Q2 25 | $6.9B | $842.1M | ||
| Q1 25 | $7.1B | $773.1M | ||
| Q4 24 | $6.0B | $714.3M | ||
| Q3 24 | $6.3B | $698.0M | ||
| Q2 24 | $6.4B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $14.3B | $2.7B | ||
| Q3 25 | $14.5B | $2.5B | ||
| Q2 25 | $15.0B | $2.3B | ||
| Q1 25 | $15.4B | $2.3B | ||
| Q4 24 | $15.6B | $2.3B | ||
| Q3 24 | $15.6B | $2.4B | ||
| Q2 24 | $15.8B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.82× | 0.46× | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 1.12× | 0.67× | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 0.96× | — |
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 | $341.4M | — |
| Free Cash FlowOCF − Capex | $318.9M | $-76.5M |
| FCF MarginFCF / Revenue | 26.9% | -11.1% |
| Capex IntensityCapex / Revenue | 1.9% | 2.5% |
| Cash ConversionOCF / Net Profit | 5.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $819.9M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $341.4M | $221.1M | ||
| Q3 25 | $88.1M | $101.3M | ||
| Q2 25 | $275.6M | $77.2M | ||
| Q1 25 | $205.9M | $-80.7M | ||
| Q4 24 | $271.5M | $128.4M | ||
| Q3 24 | $43.6M | $91.9M | ||
| Q2 24 | $377.1M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $318.9M | $190.7M | ||
| Q3 25 | $51.6M | $77.0M | ||
| Q2 25 | $257.7M | $46.9M | ||
| Q1 25 | $191.7M | $-106.8M | ||
| Q4 24 | $253.4M | $94.5M | ||
| Q3 24 | $22.8M | $67.0M | ||
| Q2 24 | $304.2M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 26.9% | 28.5% | ||
| Q3 25 | 4.5% | 10.4% | ||
| Q2 25 | 24.0% | 6.7% | ||
| Q1 25 | 19.8% | -15.8% | ||
| Q4 24 | 24.7% | 13.2% | ||
| Q3 24 | 2.0% | 9.9% | ||
| Q2 24 | 24.5% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | 3.2% | 3.3% | ||
| Q2 25 | 1.7% | 4.3% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 1.8% | 4.7% | ||
| Q3 24 | 1.8% | 3.7% | ||
| Q2 24 | 5.9% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | 1.24× | ||
| Q3 25 | 2.11× | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 0.56× | 2.23× | ||
| Q2 24 | 2.92× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
OII
Segment breakdown not available.
