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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and Opendoor Technologies Inc. (OPEN). Click either name above to swap in a different company.

Opendoor Technologies Inc. is the larger business by last-quarter revenue ($736.0M vs $692.4M, roughly 1.1× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -148.9%, a 154.1% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs -32.1%). Opendoor Technologies Inc. produced more free cash flow last quarter ($67.0M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -21.1%).

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.

Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and re-lists them for sale. It also provides mobile application-based home buying services along with financing. As of November 2021, the company operates in 44 markets in the US.

OII vs OPEN — Head-to-Head

Bigger by revenue
OPEN
OPEN
1.1× larger
OPEN
$736.0M
$692.4M
OII
Growing faster (revenue YoY)
OII
OII
+35.7% gap
OII
3.6%
-32.1%
OPEN
Higher net margin
OII
OII
154.1% more per $
OII
5.2%
-148.9%
OPEN
More free cash flow
OPEN
OPEN
$143.5M more FCF
OPEN
$67.0M
$-76.5M
OII
Faster 2-yr revenue CAGR
OII
OII
Annualised
OII
1.8%
-21.1%
OPEN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OII
OII
OPEN
OPEN
Revenue
$692.4M
$736.0M
Net Profit
$36.1M
$-1.1B
Gross Margin
7.7%
Operating Margin
-20.4%
Net Margin
5.2%
-148.9%
Revenue YoY
3.6%
-32.1%
Net Profit YoY
-28.3%
-869.9%
EPS (diluted)
$0.36
$-1.42

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
OII
OII
OPEN
OPEN
Q1 26
$692.4M
Q4 25
$668.6M
$736.0M
Q3 25
$742.9M
$915.0M
Q2 25
$698.2M
$1.6B
Q1 25
$674.5M
$1.2B
Q4 24
$713.5M
$1.1B
Q3 24
$679.8M
$1.4B
Q2 24
$668.8M
$1.5B
Net Profit
OII
OII
OPEN
OPEN
Q1 26
$36.1M
Q4 25
$177.7M
$-1.1B
Q3 25
$71.3M
$-90.0M
Q2 25
$54.4M
$-29.0M
Q1 25
$50.4M
$-85.0M
Q4 24
$56.1M
$-113.0M
Q3 24
$41.2M
$-78.0M
Q2 24
$35.0M
$-92.0M
Gross Margin
OII
OII
OPEN
OPEN
Q1 26
Q4 25
19.8%
7.7%
Q3 25
20.6%
7.2%
Q2 25
21.3%
8.2%
Q1 25
20.0%
8.6%
Q4 24
19.9%
7.8%
Q3 24
19.3%
7.6%
Q2 24
18.0%
8.5%
Operating Margin
OII
OII
OPEN
OPEN
Q1 26
Q4 25
9.8%
-20.4%
Q3 25
11.6%
-7.4%
Q2 25
11.3%
-0.8%
Q1 25
10.9%
-4.9%
Q4 24
10.9%
-8.7%
Q3 24
10.5%
-4.9%
Q2 24
9.0%
-4.8%
Net Margin
OII
OII
OPEN
OPEN
Q1 26
5.2%
Q4 25
26.6%
-148.9%
Q3 25
9.6%
-9.8%
Q2 25
7.8%
-1.9%
Q1 25
7.5%
-7.4%
Q4 24
7.9%
-10.4%
Q3 24
6.1%
-5.7%
Q2 24
5.2%
-6.1%
EPS (diluted)
OII
OII
OPEN
OPEN
Q1 26
$0.36
Q4 25
$1.75
$-1.42
Q3 25
$0.71
$-0.12
Q2 25
$0.54
$-0.04
Q1 25
$0.49
$-0.12
Q4 24
$0.55
$-0.16
Q3 24
$0.40
$-0.11
Q2 24
$0.34
$-0.13

Balance Sheet & Financial Strength

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

Metric
OII
OII
OPEN
OPEN
Cash + ST InvestmentsLiquidity on hand
$962.0M
Total DebtLower is stronger
$488.8M
Stockholders' EquityBook value
$1.1B
$1.0B
Total Assets
$2.6B
$2.4B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
OPEN
OPEN
Q1 26
Q4 25
$695.9M
$962.0M
Q3 25
$7.0M
$962.0M
Q2 25
$7.0M
$789.0M
Q1 25
$7.0M
$559.0M
Q4 24
$504.5M
$679.0M
Q3 24
$837.0M
Q2 24
$809.0M
Total Debt
OII
OII
OPEN
OPEN
Q1 26
$488.8M
Q4 25
$487.4M
Q3 25
Q2 25
Q1 25
Q4 24
$482.0M
Q3 24
Q2 24
Stockholders' Equity
OII
OII
OPEN
OPEN
Q1 26
$1.1B
Q4 25
$1.1B
$1.0B
Q3 25
$907.7M
$811.0M
Q2 25
$842.1M
$631.0M
Q1 25
$773.1M
$645.0M
Q4 24
$714.3M
$713.0M
Q3 24
$698.0M
$801.0M
Q2 24
$651.0M
$845.0M
Total Assets
OII
OII
OPEN
OPEN
Q1 26
$2.6B
Q4 25
$2.7B
$2.4B
Q3 25
$2.5B
$2.7B
Q2 25
$2.3B
$2.9B
Q1 25
$2.3B
$3.3B
Q4 24
$2.3B
$3.1B
Q3 24
$2.4B
$3.4B
Q2 24
$2.3B
$3.4B
Debt / Equity
OII
OII
OPEN
OPEN
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
OII
OII
OPEN
OPEN
Operating Cash FlowLast quarter
$70.0M
Free Cash FlowOCF − Capex
$-76.5M
$67.0M
FCF MarginFCF / Revenue
-11.1%
9.1%
Capex IntensityCapex / Revenue
2.5%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$238.1M
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
OPEN
OPEN
Q1 26
Q4 25
$221.1M
$70.0M
Q3 25
$101.3M
$435.0M
Q2 25
$77.2M
$823.0M
Q1 25
$-80.7M
$-279.0M
Q4 24
$128.4M
$-80.0M
Q3 24
$91.9M
$62.0M
Q2 24
$52.6M
$-399.0M
Free Cash Flow
OII
OII
OPEN
OPEN
Q1 26
$-76.5M
Q4 25
$190.7M
$67.0M
Q3 25
$77.0M
$432.0M
Q2 25
$46.9M
$821.0M
Q1 25
$-106.8M
$-283.0M
Q4 24
$94.5M
$-83.0M
Q3 24
$67.0M
$56.0M
Q2 24
$29.8M
$-407.0M
FCF Margin
OII
OII
OPEN
OPEN
Q1 26
-11.1%
Q4 25
28.5%
9.1%
Q3 25
10.4%
47.2%
Q2 25
6.7%
52.4%
Q1 25
-15.8%
-24.5%
Q4 24
13.2%
-7.7%
Q3 24
9.9%
4.1%
Q2 24
4.5%
-26.9%
Capex Intensity
OII
OII
OPEN
OPEN
Q1 26
2.5%
Q4 25
4.6%
0.4%
Q3 25
3.3%
0.3%
Q2 25
4.3%
0.1%
Q1 25
3.9%
0.3%
Q4 24
4.7%
0.3%
Q3 24
3.7%
0.4%
Q2 24
3.4%
0.5%
Cash Conversion
OII
OII
OPEN
OPEN
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.

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