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Side-by-side financial comparison of Morningstar, Inc. (MORN) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $644.8M, roughly 1.1× Morningstar, Inc.). On growth, Morningstar, Inc. posted the faster year-over-year revenue change (10.8% vs 3.6%). Morningstar, Inc. produced more free cash flow last quarter ($53.6M vs $-76.5M). Over the past eight quarters, Morningstar, Inc.'s revenue compounded faster (6.2% CAGR vs 1.8%).
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
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.
MORN vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $644.8M | $692.4M |
| Net Profit | — | $36.1M |
| Gross Margin | 62.9% | — |
| Operating Margin | 24.2% | — |
| Net Margin | — | 5.2% |
| Revenue YoY | 10.8% | 3.6% |
| Net Profit YoY | — | -28.3% |
| EPS (diluted) | $2.73 | $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 | $644.8M | $692.4M | ||
| Q4 25 | $641.1M | $668.6M | ||
| Q3 25 | $617.4M | $742.9M | ||
| Q2 25 | $605.1M | $698.2M | ||
| Q1 25 | $581.9M | $674.5M | ||
| Q4 24 | $591.0M | $713.5M | ||
| Q3 24 | $569.4M | $679.8M | ||
| Q2 24 | $571.9M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $115.1M | $177.7M | ||
| Q3 25 | $91.6M | $71.3M | ||
| Q2 25 | $89.0M | $54.4M | ||
| Q1 25 | $78.5M | $50.4M | ||
| Q4 24 | $116.9M | $56.1M | ||
| Q3 24 | $119.7M | $41.2M | ||
| Q2 24 | $69.1M | $35.0M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 19.8% | ||
| Q3 25 | 60.9% | 20.6% | ||
| Q2 25 | 61.9% | 21.3% | ||
| Q1 25 | 60.2% | 20.0% | ||
| Q4 24 | 60.7% | 19.9% | ||
| Q3 24 | 60.9% | 19.3% | ||
| Q2 24 | 61.1% | 18.0% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 9.8% | ||
| Q3 25 | 20.7% | 11.6% | ||
| Q2 25 | 20.7% | 11.3% | ||
| Q1 25 | 19.6% | 10.9% | ||
| Q4 24 | 28.5% | 10.9% | ||
| Q3 24 | 20.3% | 10.5% | ||
| Q2 24 | 19.0% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 18.0% | 26.6% | ||
| Q3 25 | 14.8% | 9.6% | ||
| Q2 25 | 14.7% | 7.8% | ||
| Q1 25 | 13.5% | 7.5% | ||
| Q4 24 | 19.8% | 7.9% | ||
| Q3 24 | 21.0% | 6.1% | ||
| Q2 24 | 12.1% | 5.2% |
| Q1 26 | $2.73 | $0.36 | ||
| Q4 25 | $2.79 | $1.75 | ||
| Q3 25 | $2.17 | $0.71 | ||
| Q2 25 | $2.09 | $0.54 | ||
| Q1 25 | $1.82 | $0.49 | ||
| Q4 24 | $2.72 | $0.55 | ||
| Q3 24 | $2.77 | $0.40 | ||
| Q2 24 | $1.60 | $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 | $492.8M | — |
| Total DebtLower is stronger | $1.7B | $488.8M |
| Stockholders' EquityBook value | $1.0B | $1.1B |
| Total Assets | $4.0B | $2.6B |
| Debt / EquityLower = less leverage | 1.68× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $695.9M | ||
| Q3 25 | $40.3M | $7.0M | ||
| Q2 25 | $38.1M | $7.0M | ||
| Q1 25 | $47.7M | $7.0M | ||
| Q4 24 | $551.0M | $504.5M | ||
| Q3 24 | $48.8M | — | ||
| Q2 24 | $48.0M | — |
| Q1 26 | $1.7B | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $848.9M | — | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | $482.0M | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | — |
| Q1 26 | $1.0B | $1.1B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.5B | $907.7M | ||
| Q2 25 | $1.6B | $842.1M | ||
| Q1 25 | $1.6B | $773.1M | ||
| Q4 24 | $1.6B | $714.3M | ||
| Q3 24 | $1.6B | $698.0M | ||
| Q2 24 | $1.4B | $651.0M |
| Q1 26 | $4.0B | $2.6B | ||
| Q4 25 | $3.6B | $2.7B | ||
| Q3 25 | $3.6B | $2.5B | ||
| Q2 25 | $3.6B | $2.3B | ||
| Q1 25 | $3.6B | $2.3B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.6B | $2.4B | ||
| Q2 24 | $3.4B | $2.3B |
| Q1 26 | 1.68× | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.43× | 0.67× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.63× | — |
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 | — | — |
| Free Cash FlowOCF − Capex | $53.6M | $-76.5M |
| FCF MarginFCF / Revenue | 8.3% | -11.1% |
| Capex IntensityCapex / Revenue | 5.9% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $437.4M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $221.1M | ||
| Q3 25 | $195.7M | $101.3M | ||
| Q2 25 | $99.0M | $77.2M | ||
| Q1 25 | $91.0M | $-80.7M | ||
| Q4 24 | $153.4M | $128.4M | ||
| Q3 24 | $191.9M | $91.9M | ||
| Q2 24 | $152.7M | $52.6M |
| Q1 26 | $53.6M | $-76.5M | ||
| Q4 25 | $161.3M | $190.7M | ||
| Q3 25 | $160.1M | $77.0M | ||
| Q2 25 | $62.4M | $46.9M | ||
| Q1 25 | $58.8M | $-106.8M | ||
| Q4 24 | $112.8M | $94.5M | ||
| Q3 24 | $155.8M | $67.0M | ||
| Q2 24 | $120.8M | $29.8M |
| Q1 26 | 8.3% | -11.1% | ||
| Q4 25 | 25.2% | 28.5% | ||
| Q3 25 | 25.9% | 10.4% | ||
| Q2 25 | 10.3% | 6.7% | ||
| Q1 25 | 10.1% | -15.8% | ||
| Q4 24 | 19.1% | 13.2% | ||
| Q3 24 | 27.4% | 9.9% | ||
| Q2 24 | 21.1% | 4.5% |
| Q1 26 | 5.9% | 2.5% | ||
| Q4 25 | 6.7% | 4.6% | ||
| Q3 25 | 5.8% | 3.3% | ||
| Q2 25 | 6.0% | 4.3% | ||
| Q1 25 | 5.5% | 3.9% | ||
| Q4 24 | 6.9% | 4.7% | ||
| Q3 24 | 6.3% | 3.7% | ||
| Q2 24 | 5.6% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 1.24× | ||
| Q3 25 | 2.14× | 1.42× | ||
| Q2 25 | 1.11× | 1.42× | ||
| Q1 25 | 1.16× | -1.60× | ||
| Q4 24 | 1.31× | 2.29× | ||
| Q3 24 | 1.60× | 2.23× | ||
| Q2 24 | 2.21× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
