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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $692.4M, roughly 1.3× OCEANEERING INTERNATIONAL INC). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 3.6%). PHINIA 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 1.5%).
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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
OII vs PHIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $692.4M | $889.0M |
| Net Profit | $36.1M | — |
| Gross Margin | — | 21.7% |
| Operating Margin | — | 7.8% |
| Net Margin | 5.2% | — |
| Revenue YoY | 3.6% | 6.7% |
| Net Profit YoY | -28.3% | — |
| EPS (diluted) | $0.36 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $742.9M | $908.0M | ||
| Q2 25 | $698.2M | $890.0M | ||
| Q1 25 | $674.5M | $796.0M | ||
| Q4 24 | $713.5M | $833.0M | ||
| Q3 24 | $679.8M | $839.0M | ||
| Q2 24 | $668.8M | $868.0M |
| Q1 26 | $36.1M | — | ||
| Q4 25 | $177.7M | — | ||
| Q3 25 | $71.3M | $13.0M | ||
| Q2 25 | $54.4M | $46.0M | ||
| Q1 25 | $50.4M | $26.0M | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $41.2M | $31.0M | ||
| Q2 24 | $35.0M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | 21.7% | ||
| Q3 25 | 20.6% | 22.0% | ||
| Q2 25 | 21.3% | 22.1% | ||
| Q1 25 | 20.0% | 21.6% | ||
| Q4 24 | 19.9% | 22.7% | ||
| Q3 24 | 19.3% | 22.3% | ||
| Q2 24 | 18.0% | 21.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 7.8% | ||
| Q3 25 | 11.6% | 3.7% | ||
| Q2 25 | 11.3% | 10.0% | ||
| Q1 25 | 10.9% | 7.8% | ||
| Q4 24 | 10.9% | 6.1% | ||
| Q3 24 | 10.5% | 7.9% | ||
| Q2 24 | 9.0% | 8.2% |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 26.6% | — | ||
| Q3 25 | 9.6% | 1.4% | ||
| Q2 25 | 7.8% | 5.2% | ||
| Q1 25 | 7.5% | 3.3% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 6.1% | 3.7% | ||
| Q2 24 | 5.2% | 1.6% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $1.75 | $1.14 | ||
| Q3 25 | $0.71 | $0.33 | ||
| Q2 25 | $0.54 | $1.14 | ||
| Q1 25 | $0.49 | $0.63 | ||
| Q4 24 | $0.55 | $0.13 | ||
| Q3 24 | $0.40 | $0.70 | ||
| Q2 24 | $0.34 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $359.0M |
| Total DebtLower is stronger | $488.8M | $970.0M |
| Stockholders' EquityBook value | $1.1B | $1.6B |
| Total Assets | $2.6B | $3.8B |
| Debt / EquityLower = less leverage | 0.44× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $695.9M | $359.0M | ||
| Q3 25 | $7.0M | $349.0M | ||
| Q2 25 | $7.0M | $347.0M | ||
| Q1 25 | $7.0M | $373.0M | ||
| Q4 24 | $504.5M | $484.0M | ||
| Q3 24 | — | $477.0M | ||
| Q2 24 | — | $339.0M |
| Q1 26 | $488.8M | — | ||
| Q4 25 | $487.4M | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | $482.0M | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $907.7M | $1.6B | ||
| Q2 25 | $842.1M | $1.6B | ||
| Q1 25 | $773.1M | $1.5B | ||
| Q4 24 | $714.3M | $1.6B | ||
| Q3 24 | $698.0M | $1.7B | ||
| Q2 24 | $651.0M | $1.7B |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.7B | $3.8B | ||
| Q3 25 | $2.5B | $4.0B | ||
| Q2 25 | $2.3B | $3.9B | ||
| Q1 25 | $2.3B | $3.7B | ||
| Q4 24 | $2.3B | $3.8B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.3B | $3.9B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.46× | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | 0.67× | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× |
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 | — | $96.0M |
| Free Cash FlowOCF − Capex | $-76.5M | $67.0M |
| FCF MarginFCF / Revenue | -11.1% | 7.5% |
| Capex IntensityCapex / Revenue | 2.5% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.1M | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $221.1M | $96.0M | ||
| Q3 25 | $101.3M | $119.0M | ||
| Q2 25 | $77.2M | $57.0M | ||
| Q1 25 | $-80.7M | $40.0M | ||
| Q4 24 | $128.4M | $73.0M | ||
| Q3 24 | $91.9M | $95.0M | ||
| Q2 24 | $52.6M | $109.0M |
| Q1 26 | $-76.5M | — | ||
| Q4 25 | $190.7M | $67.0M | ||
| Q3 25 | $77.0M | $93.0M | ||
| Q2 25 | $46.9M | $23.0M | ||
| Q1 25 | $-106.8M | $5.0M | ||
| Q4 24 | $94.5M | $53.0M | ||
| Q3 24 | $67.0M | $70.0M | ||
| Q2 24 | $29.8M | $92.0M |
| Q1 26 | -11.1% | — | ||
| Q4 25 | 28.5% | 7.5% | ||
| Q3 25 | 10.4% | 10.2% | ||
| Q2 25 | 6.7% | 2.6% | ||
| Q1 25 | -15.8% | 0.6% | ||
| Q4 24 | 13.2% | 6.4% | ||
| Q3 24 | 9.9% | 8.3% | ||
| Q2 24 | 4.5% | 10.6% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 4.6% | 3.3% | ||
| Q3 25 | 3.3% | 2.9% | ||
| Q2 25 | 4.3% | 3.8% | ||
| Q1 25 | 3.9% | 4.4% | ||
| Q4 24 | 4.7% | 2.4% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 3.4% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.42× | 9.15× | ||
| Q2 25 | 1.42× | 1.24× | ||
| Q1 25 | -1.60× | 1.54× | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 2.23× | 3.06× | ||
| Q2 24 | 1.50× | 7.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OII
Segment breakdown not available.
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
