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Side-by-side financial comparison of NCR Atleos Corp (NATL) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.

NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $692.4M, roughly 1.7× OCEANEERING INTERNATIONAL INC). NCR Atleos Corp runs the higher net margin — 7.2% vs 5.2%, a 2.0% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 3.6%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $-76.5M). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 1.8%).

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.

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.

NATL vs OII — Head-to-Head

Bigger by revenue
NATL
NATL
1.7× larger
NATL
$1.2B
$692.4M
OII
Growing faster (revenue YoY)
NATL
NATL
+0.4% gap
NATL
4.0%
3.6%
OII
Higher net margin
NATL
NATL
2.0% more per $
NATL
7.2%
5.2%
OII
More free cash flow
NATL
NATL
$270.5M more FCF
NATL
$194.0M
$-76.5M
OII
Faster 2-yr revenue CAGR
NATL
NATL
Annualised
NATL
4.9%
1.8%
OII

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NATL
NATL
OII
OII
Revenue
$1.2B
$692.4M
Net Profit
$83.0M
$36.1M
Gross Margin
Operating Margin
13.5%
Net Margin
7.2%
5.2%
Revenue YoY
4.0%
3.6%
Net Profit YoY
102.4%
-28.3%
EPS (diluted)
$1.09
$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.

Revenue
NATL
NATL
OII
OII
Q1 26
$692.4M
Q4 25
$1.2B
$668.6M
Q3 25
$1.1B
$742.9M
Q2 25
$1.1B
$698.2M
Q1 25
$979.0M
$674.5M
Q4 24
$1.1B
$713.5M
Q3 24
$1.1B
$679.8M
Q2 24
$1.1B
$668.8M
Net Profit
NATL
NATL
OII
OII
Q1 26
$36.1M
Q4 25
$83.0M
$177.7M
Q3 25
$26.0M
$71.3M
Q2 25
$39.0M
$54.4M
Q1 25
$14.0M
$50.4M
Q4 24
$41.0M
$56.1M
Q3 24
$21.0M
$41.2M
Q2 24
$27.0M
$35.0M
Gross Margin
NATL
NATL
OII
OII
Q1 26
Q4 25
19.8%
Q3 25
20.6%
Q2 25
21.3%
Q1 25
20.0%
Q4 24
19.9%
Q3 24
19.3%
Q2 24
18.0%
Operating Margin
NATL
NATL
OII
OII
Q1 26
Q4 25
13.5%
9.8%
Q3 25
9.8%
11.6%
Q2 25
10.8%
11.3%
Q1 25
9.5%
10.9%
Q4 24
13.4%
10.9%
Q3 24
10.6%
10.5%
Q2 24
9.8%
9.0%
Net Margin
NATL
NATL
OII
OII
Q1 26
5.2%
Q4 25
7.2%
26.6%
Q3 25
2.3%
9.6%
Q2 25
3.5%
7.8%
Q1 25
1.4%
7.5%
Q4 24
3.7%
7.9%
Q3 24
2.0%
6.1%
Q2 24
2.5%
5.2%
EPS (diluted)
NATL
NATL
OII
OII
Q1 26
$0.36
Q4 25
$1.09
$1.75
Q3 25
$0.34
$0.71
Q2 25
$0.52
$0.54
Q1 25
$0.19
$0.49
Q4 24
$0.56
$0.55
Q3 24
$0.28
$0.40
Q2 24
$0.37
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NATL
NATL
OII
OII
Cash + ST InvestmentsLiquidity on hand
$456.0M
Total DebtLower is stronger
$2.7B
$488.8M
Stockholders' EquityBook value
$403.0M
$1.1B
Total Assets
$5.7B
$2.6B
Debt / EquityLower = less leverage
6.63×
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATL
NATL
OII
OII
Q1 26
Q4 25
$456.0M
$695.9M
Q3 25
$412.0M
$7.0M
Q2 25
$357.0M
$7.0M
Q1 25
$352.0M
$7.0M
Q4 24
$419.0M
$504.5M
Q3 24
$395.0M
Q2 24
$374.0M
Total Debt
NATL
NATL
OII
OII
Q1 26
$488.8M
Q4 25
$2.7B
$487.4M
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
Q4 24
$2.9B
$482.0M
Q3 24
Q2 24
Stockholders' Equity
NATL
NATL
OII
OII
Q1 26
$1.1B
Q4 25
$403.0M
$1.1B
Q3 25
$330.0M
$907.7M
Q2 25
$350.0M
$842.1M
Q1 25
$275.0M
$773.1M
Q4 24
$219.0M
$714.3M
Q3 24
$264.0M
$698.0M
Q2 24
$250.0M
$651.0M
Total Assets
NATL
NATL
OII
OII
Q1 26
$2.6B
Q4 25
$5.7B
$2.7B
Q3 25
$5.7B
$2.5B
Q2 25
$5.8B
$2.3B
Q1 25
$5.7B
$2.3B
Q4 24
$5.5B
$2.3B
Q3 24
$5.7B
$2.4B
Q2 24
$5.8B
$2.3B
Debt / Equity
NATL
NATL
OII
OII
Q1 26
0.44×
Q4 25
6.63×
0.46×
Q3 25
8.45×
Q2 25
8.05×
Q1 25
Q4 24
13.05×
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
NATL
NATL
OII
OII
Operating Cash FlowLast quarter
$231.0M
Free Cash FlowOCF − Capex
$194.0M
$-76.5M
FCF MarginFCF / Revenue
16.8%
-11.1%
Capex IntensityCapex / Revenue
3.2%
2.5%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$239.0M
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATL
NATL
OII
OII
Q1 26
Q4 25
$231.0M
$221.1M
Q3 25
$25.0M
$101.3M
Q2 25
$-23.0M
$77.2M
Q1 25
$123.0M
$-80.7M
Q4 24
$80.0M
$128.4M
Q3 24
$107.0M
$91.9M
Q2 24
$9.0M
$52.6M
Free Cash Flow
NATL
NATL
OII
OII
Q1 26
$-76.5M
Q4 25
$194.0M
$190.7M
Q3 25
$-5.0M
$77.0M
Q2 25
$-44.0M
$46.9M
Q1 25
$94.0M
$-106.8M
Q4 24
$62.0M
$94.5M
Q3 24
$85.0M
$67.0M
Q2 24
$-14.0M
$29.8M
FCF Margin
NATL
NATL
OII
OII
Q1 26
-11.1%
Q4 25
16.8%
28.5%
Q3 25
-0.4%
10.4%
Q2 25
-4.0%
6.7%
Q1 25
9.6%
-15.8%
Q4 24
5.6%
13.2%
Q3 24
7.9%
9.9%
Q2 24
-1.3%
4.5%
Capex Intensity
NATL
NATL
OII
OII
Q1 26
2.5%
Q4 25
3.2%
4.6%
Q3 25
2.7%
3.3%
Q2 25
1.9%
4.3%
Q1 25
3.0%
3.9%
Q4 24
1.6%
4.7%
Q3 24
2.1%
3.7%
Q2 24
2.1%
3.4%
Cash Conversion
NATL
NATL
OII
OII
Q1 26
Q4 25
2.78×
1.24×
Q3 25
0.96×
1.42×
Q2 25
-0.59×
1.42×
Q1 25
8.79×
-1.60×
Q4 24
1.95×
2.29×
Q3 24
5.10×
2.23×
Q2 24
0.33×
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NATL
NATL

Services$848.0M74%
APJ$136.0M12%
Americas Excluding United States$135.0M12%
TT$44.0M4%

OII
OII

Segment breakdown not available.

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