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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and PennyMac Financial Services, Inc. (PFSI). Click either name above to swap in a different company.

OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $538.0M, roughly 1.3× PennyMac Financial Services, Inc.). PennyMac Financial Services, Inc. runs the higher net margin — 1752.5% vs 5.2%, a 1747.3% gap on every dollar of revenue. On growth, PennyMac Financial Services, Inc. posted the faster year-over-year revenue change (14.4% vs 2.7%). OCEANEERING INTERNATIONAL INC produced more free cash flow last quarter ($-76.5M vs $-1.7B). Over the past eight quarters, PennyMac Financial Services, Inc.'s revenue compounded faster (32.7% 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.

PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California. The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Pennymac operates through two subsidiaries: PennyMac Loan Services, LLC and PNMAC Capital Management, LLC. The latter manages the PennyMac Mortgage Investment Trust, a mortgage REIT.

OII vs PFSI — Head-to-Head

Bigger by revenue
OII
OII
1.3× larger
OII
$692.4M
$538.0M
PFSI
Growing faster (revenue YoY)
PFSI
PFSI
+11.8% gap
PFSI
14.4%
2.7%
OII
Higher net margin
PFSI
PFSI
1747.3% more per $
PFSI
1752.5%
5.2%
OII
More free cash flow
OII
OII
$1.6B more FCF
OII
$-76.5M
$-1.7B
PFSI
Faster 2-yr revenue CAGR
PFSI
PFSI
Annualised
PFSI
32.7%
1.8%
OII

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OII
OII
PFSI
PFSI
Revenue
$692.4M
$538.0M
Net Profit
$36.1M
$106.8M
Gross Margin
Operating Margin
25.0%
Net Margin
5.2%
1752.5%
Revenue YoY
2.7%
14.4%
Net Profit YoY
-79.7%
2.2%
EPS (diluted)
$0.36
$1.97

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
PFSI
PFSI
Q1 26
$692.4M
Q4 25
$668.6M
$538.0M
Q3 25
$742.9M
$632.9M
Q2 25
$698.2M
$444.7M
Q1 25
$674.5M
$430.9M
Q4 24
$713.5M
$470.1M
Q3 24
$679.8M
$411.8M
Q2 24
$668.8M
$406.1M
Net Profit
OII
OII
PFSI
PFSI
Q1 26
$36.1M
Q4 25
$177.7M
$106.8M
Q3 25
$71.3M
$181.5M
Q2 25
$54.4M
$136.5M
Q1 25
$50.4M
$76.3M
Q4 24
$56.1M
$104.5M
Q3 24
$41.2M
$69.4M
Q2 24
$35.0M
$98.3M
Gross Margin
OII
OII
PFSI
PFSI
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
OII
OII
PFSI
PFSI
Q1 26
Q4 25
9.8%
25.0%
Q3 25
11.6%
37.3%
Q2 25
11.3%
17.2%
Q1 25
10.9%
24.2%
Q4 24
10.9%
27.5%
Q3 24
10.5%
22.8%
Q2 24
9.0%
33.0%
Net Margin
OII
OII
PFSI
PFSI
Q1 26
5.2%
Q4 25
26.6%
1752.5%
Q3 25
9.6%
28.7%
Q2 25
7.8%
30.7%
Q1 25
7.5%
17.7%
Q4 24
7.9%
2559.8%
Q3 24
6.1%
16.8%
Q2 24
5.2%
24.2%
EPS (diluted)
OII
OII
PFSI
PFSI
Q1 26
$0.36
Q4 25
$1.75
$1.97
Q3 25
$0.71
$3.37
Q2 25
$0.54
$2.54
Q1 25
$0.49
$1.42
Q4 24
$0.55
$1.95
Q3 24
$0.40
$1.30
Q2 24
$0.34
$1.85

Balance Sheet & Financial Strength

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

Metric
OII
OII
PFSI
PFSI
Cash + ST InvestmentsLiquidity on hand
$410.0M
Total DebtLower is stronger
$488.8M
$6.2B
Stockholders' EquityBook value
$1.1B
$4.3B
Total Assets
$2.6B
$29.4B
Debt / EquityLower = less leverage
0.44×
1.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
PFSI
PFSI
Q1 26
Q4 25
$695.9M
$410.0M
Q3 25
$7.0M
$62.2M
Q2 25
$7.0M
$462.3M
Q1 25
$7.0M
$443.4M
Q4 24
$504.5M
$420.6M
Q3 24
$667.9M
Q2 24
$188.8M
Total Debt
OII
OII
PFSI
PFSI
Q1 26
$488.8M
Q4 25
$487.4M
$6.2B
Q3 25
$6.2B
Q2 25
$5.6B
Q1 25
$5.8B
Q4 24
$482.0M
$5.3B
Q3 24
$4.9B
Q2 24
$4.9B
Stockholders' Equity
OII
OII
PFSI
PFSI
Q1 26
$1.1B
Q4 25
$1.1B
$4.3B
Q3 25
$907.7M
$4.2B
Q2 25
$842.1M
$4.0B
Q1 25
$773.1M
$3.9B
Q4 24
$714.3M
$3.8B
Q3 24
$698.0M
$3.7B
Q2 24
$651.0M
$3.7B
Total Assets
OII
OII
PFSI
PFSI
Q1 26
$2.6B
Q4 25
$2.7B
$29.4B
Q3 25
$2.5B
$25.4B
Q2 25
$2.3B
$24.2B
Q1 25
$2.3B
$23.9B
Q4 24
$2.3B
$26.1B
Q3 24
$2.4B
$22.9B
Q2 24
$2.3B
$21.6B
Debt / Equity
OII
OII
PFSI
PFSI
Q1 26
0.44×
Q4 25
0.46×
1.45×
Q3 25
1.48×
Q2 25
1.38×
Q1 25
1.48×
Q4 24
0.67×
1.37×
Q3 24
1.32×
Q2 24
1.35×

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
PFSI
PFSI
Operating Cash FlowLast quarter
$-1.7B
Free Cash FlowOCF − Capex
$-76.5M
$-1.7B
FCF MarginFCF / Revenue
-11.1%
-309.3%
Capex IntensityCapex / Revenue
2.5%
2.2%
Cash ConversionOCF / Net Profit
-15.46×
TTM Free Cash FlowTrailing 4 quarters
$238.1M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
PFSI
PFSI
Q1 26
Q4 25
$221.1M
$-1.7B
Q3 25
$101.3M
$-697.4M
Q2 25
$77.2M
$-131.3M
Q1 25
$-80.7M
$1.1B
Q4 24
$128.4M
$-4.5B
Q3 24
$91.9M
$-393.7M
Q2 24
$52.6M
$-1.1B
Free Cash Flow
OII
OII
PFSI
PFSI
Q1 26
$-76.5M
Q4 25
$190.7M
$-1.7B
Q3 25
$77.0M
$-699.4M
Q2 25
$46.9M
$-132.6M
Q1 25
$-106.8M
$1.1B
Q4 24
$94.5M
$-4.5B
Q3 24
$67.0M
$-393.9M
Q2 24
$29.8M
$-1.1B
FCF Margin
OII
OII
PFSI
PFSI
Q1 26
-11.1%
Q4 25
28.5%
-309.3%
Q3 25
10.4%
-110.5%
Q2 25
6.7%
-29.8%
Q1 25
-15.8%
247.3%
Q4 24
13.2%
-964.7%
Q3 24
9.9%
-95.6%
Q2 24
4.5%
-269.2%
Capex Intensity
OII
OII
PFSI
PFSI
Q1 26
2.5%
Q4 25
4.6%
2.2%
Q3 25
3.3%
0.3%
Q2 25
4.3%
0.3%
Q1 25
3.9%
0.1%
Q4 24
4.7%
0.4%
Q3 24
3.7%
0.0%
Q2 24
3.4%
0.1%
Cash Conversion
OII
OII
PFSI
PFSI
Q1 26
Q4 25
1.24×
-15.46×
Q3 25
1.42×
-3.84×
Q2 25
1.42×
-0.96×
Q1 25
-1.60×
13.97×
Q4 24
2.29×
-43.39×
Q3 24
2.23×
-5.68×
Q2 24
1.50×
-11.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OII
OII

Backlog at end of period$492.0M71%
Other$162.8M24%
ROV days available$22.5M3%
ROV days utilized$15.1M2%

PFSI
PFSI

Segment breakdown not available.

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