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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $692.4M, roughly 2.0× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 4.4%, a 0.8% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 3.6%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
OII vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $692.4M | $1.4B |
| Net Profit | $36.1M | $59.7M |
| Gross Margin | — | — |
| Operating Margin | — | 7.0% |
| Net Margin | 5.2% | 4.4% |
| Revenue YoY | 3.6% | 18.4% |
| Net Profit YoY | -28.3% | 3022.5% |
| EPS (diluted) | $0.36 | $0.42 |
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.
| Q1 26 | $692.4M | — | ||
| Q4 25 | $668.6M | $1.4B | ||
| Q3 25 | $742.9M | $1.3B | ||
| Q2 25 | $698.2M | $1.3B | ||
| Q1 25 | $674.5M | $1.3B | ||
| Q4 24 | $713.5M | $1.1B | ||
| Q3 24 | $679.8M | $1.0B | ||
| Q2 24 | $668.8M | $981.4M |
| Q1 26 | $36.1M | — | ||
| Q4 25 | $177.7M | $59.7M | ||
| Q3 25 | $71.3M | $52.4M | ||
| Q2 25 | $54.4M | $51.0M | ||
| Q1 25 | $50.4M | $28.5M | ||
| Q4 24 | $56.1M | $1.9M | ||
| Q3 24 | $41.2M | $15.6M | ||
| Q2 24 | $35.0M | $-10.9M |
| 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% | 17.1% | ||
| Q2 24 | 18.0% | 22.3% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 7.0% | ||
| Q3 25 | 11.6% | 6.4% | ||
| Q2 25 | 11.3% | 6.2% | ||
| Q1 25 | 10.9% | 3.8% | ||
| Q4 24 | 10.9% | 1.7% | ||
| Q3 24 | 10.5% | 2.2% | ||
| Q2 24 | 9.0% | 0.1% |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 26.6% | 4.4% | ||
| Q3 25 | 9.6% | 3.9% | ||
| Q2 25 | 7.8% | 3.9% | ||
| Q1 25 | 7.5% | 2.2% | ||
| Q4 24 | 7.9% | 0.2% | ||
| Q3 24 | 6.1% | 1.5% | ||
| Q2 24 | 5.2% | -1.1% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $1.75 | $0.42 | ||
| Q3 25 | $0.71 | $0.32 | ||
| Q2 25 | $0.54 | $0.31 | ||
| Q1 25 | $0.49 | $0.17 | ||
| Q4 24 | $0.55 | $-0.03 | ||
| Q3 24 | $0.40 | $0.10 | ||
| Q2 24 | $0.34 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $197.0M |
| Total DebtLower is stronger | $488.8M | $353.2M |
| Stockholders' EquityBook value | $1.1B | $946.8M |
| Total Assets | $2.6B | $5.6B |
| Debt / EquityLower = less leverage | 0.44× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $695.9M | $197.0M | ||
| Q3 25 | $7.0M | $355.7M | ||
| Q2 25 | $7.0M | $294.2M | ||
| Q1 25 | $7.0M | $287.5M | ||
| Q4 24 | $504.5M | $157.7M | ||
| Q3 24 | — | $49.5M | ||
| Q2 24 | — | $73.4M |
| Q1 26 | $488.8M | — | ||
| Q4 25 | $487.4M | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $482.0M | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $946.8M | ||
| Q3 25 | $907.7M | $871.3M | ||
| Q2 25 | $842.1M | $806.8M | ||
| Q1 25 | $773.1M | $750.2M | ||
| Q4 24 | $714.3M | $709.6M | ||
| Q3 24 | $698.0M | $660.0M | ||
| Q2 24 | $651.0M | $572.1M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.7B | $5.6B | ||
| Q3 25 | $2.5B | $5.6B | ||
| Q2 25 | $2.3B | $5.5B | ||
| Q1 25 | $2.3B | $5.5B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.4B | $4.5B | ||
| Q2 24 | $2.3B | $3.9B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.46× | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.67× | 0.58× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-3.4M |
| Free Cash FlowOCF − Capex | $-76.5M | — |
| FCF MarginFCF / Revenue | -11.1% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $238.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $221.1M | $-3.4M | ||
| Q3 25 | $101.3M | $204.8M | ||
| Q2 25 | $77.2M | $52.6M | ||
| Q1 25 | $-80.7M | $150.2M | ||
| Q4 24 | $128.4M | $64.6M | ||
| Q3 24 | $91.9M | $209.2M | ||
| Q2 24 | $52.6M | $34.8M |
| Q1 26 | $-76.5M | — | ||
| Q4 25 | $190.7M | — | ||
| Q3 25 | $77.0M | — | ||
| Q2 25 | $46.9M | — | ||
| Q1 25 | $-106.8M | — | ||
| Q4 24 | $94.5M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $29.8M | — |
| Q1 26 | -11.1% | — | ||
| Q4 25 | 28.5% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | -15.8% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 4.5% | — |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | -0.06× | ||
| Q3 25 | 1.42× | 3.91× | ||
| Q2 25 | 1.42× | 1.03× | ||
| Q1 25 | -1.60× | 5.28× | ||
| Q4 24 | 2.29× | 33.78× | ||
| Q3 24 | 2.23× | 13.39× | ||
| Q2 24 | 1.50× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
