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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and Public Storage (PSA). Click either name above to swap in a different company.

Public Storage is the larger business by last-quarter revenue ($1.2B vs $692.4M, roughly 1.8× OCEANEERING INTERNATIONAL INC). Public Storage runs the higher net margin — 41.7% vs 5.2%, a 36.5% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs 3.3%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% 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.

Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.

OII vs PSA — Head-to-Head

Bigger by revenue
PSA
PSA
1.8× larger
PSA
$1.2B
$692.4M
OII
Growing faster (revenue YoY)
OII
OII
+0.3% gap
OII
3.6%
3.3%
PSA
Higher net margin
PSA
PSA
36.5% more per $
PSA
41.7%
5.2%
OII
Faster 2-yr revenue CAGR
PSA
PSA
Annualised
PSA
2.5%
1.8%
OII

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OII
OII
PSA
PSA
Revenue
$692.4M
$1.2B
Net Profit
$36.1M
$507.1M
Gross Margin
Operating Margin
40.7%
Net Margin
5.2%
41.7%
Revenue YoY
3.6%
3.3%
Net Profit YoY
-28.3%
-17.5%
EPS (diluted)
$0.36
$2.59

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
PSA
PSA
Q1 26
$692.4M
Q4 25
$668.6M
$1.2B
Q3 25
$742.9M
$1.2B
Q2 25
$698.2M
$1.2B
Q1 25
$674.5M
$1.2B
Q4 24
$713.5M
$1.2B
Q3 24
$679.8M
$1.2B
Q2 24
$668.8M
$1.2B
Net Profit
OII
OII
PSA
PSA
Q1 26
$36.1M
Q4 25
$177.7M
$507.1M
Q3 25
$71.3M
$511.1M
Q2 25
$54.4M
$358.4M
Q1 25
$50.4M
$407.8M
Q4 24
$56.1M
$614.6M
Q3 24
$41.2M
$430.3M
Q2 24
$35.0M
$518.1M
Gross Margin
OII
OII
PSA
PSA
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
PSA
PSA
Q1 26
Q4 25
9.8%
40.7%
Q3 25
11.6%
42.3%
Q2 25
11.3%
30.4%
Q1 25
10.9%
34.8%
Q4 24
10.9%
52.4%
Q3 24
10.5%
36.7%
Q2 24
9.0%
44.6%
Net Margin
OII
OII
PSA
PSA
Q1 26
5.2%
Q4 25
26.6%
41.7%
Q3 25
9.6%
41.8%
Q2 25
7.8%
29.8%
Q1 25
7.5%
34.5%
Q4 24
7.9%
52.2%
Q3 24
6.1%
36.2%
Q2 24
5.2%
44.2%
EPS (diluted)
OII
OII
PSA
PSA
Q1 26
$0.36
Q4 25
$1.75
$2.59
Q3 25
$0.71
$2.62
Q2 25
$0.54
$1.76
Q1 25
$0.49
$2.04
Q4 24
$0.55
$3.22
Q3 24
$0.40
$2.16
Q2 24
$0.34
$2.66

Balance Sheet & Financial Strength

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

Metric
OII
OII
PSA
PSA
Cash + ST InvestmentsLiquidity on hand
$318.1M
Total DebtLower is stronger
$488.8M
$10.3B
Stockholders' EquityBook value
$1.1B
$9.2B
Total Assets
$2.6B
$20.2B
Debt / EquityLower = less leverage
0.44×
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
PSA
PSA
Q1 26
Q4 25
$695.9M
$318.1M
Q3 25
$7.0M
$296.5M
Q2 25
$7.0M
$1.1B
Q1 25
$7.0M
$287.2M
Q4 24
$504.5M
$447.4M
Q3 24
$599.0M
Q2 24
$542.3M
Total Debt
OII
OII
PSA
PSA
Q1 26
$488.8M
Q4 25
$487.4M
$10.3B
Q3 25
$10.0B
Q2 25
$10.4B
Q1 25
$9.4B
Q4 24
$482.0M
$9.4B
Q3 24
$9.5B
Q2 24
$9.4B
Stockholders' Equity
OII
OII
PSA
PSA
Q1 26
$1.1B
Q4 25
$1.1B
$9.2B
Q3 25
$907.7M
$9.3B
Q2 25
$842.1M
$9.4B
Q1 25
$773.1M
$9.6B
Q4 24
$714.3M
$9.7B
Q3 24
$698.0M
$9.6B
Q2 24
$651.0M
$9.7B
Total Assets
OII
OII
PSA
PSA
Q1 26
$2.6B
Q4 25
$2.7B
$20.2B
Q3 25
$2.5B
$20.1B
Q2 25
$2.3B
$20.5B
Q1 25
$2.3B
$19.6B
Q4 24
$2.3B
$19.8B
Q3 24
$2.4B
$19.8B
Q2 24
$2.3B
$19.8B
Debt / Equity
OII
OII
PSA
PSA
Q1 26
0.44×
Q4 25
0.46×
1.11×
Q3 25
1.08×
Q2 25
1.11×
Q1 25
0.99×
Q4 24
0.67×
0.96×
Q3 24
0.99×
Q2 24
0.97×

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
PSA
PSA
Operating Cash FlowLast quarter
$733.6M
Free Cash FlowOCF − Capex
$-76.5M
FCF MarginFCF / Revenue
-11.1%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
PSA
PSA
Q1 26
Q4 25
$221.1M
$733.6M
Q3 25
$101.3M
$875.1M
Q2 25
$77.2M
$872.7M
Q1 25
$-80.7M
$705.1M
Q4 24
$128.4M
$768.6M
Q3 24
$91.9M
$798.8M
Q2 24
$52.6M
$895.3M
Free Cash Flow
OII
OII
PSA
PSA
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
FCF Margin
OII
OII
PSA
PSA
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%
Capex Intensity
OII
OII
PSA
PSA
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%
Cash Conversion
OII
OII
PSA
PSA
Q1 26
Q4 25
1.24×
1.45×
Q3 25
1.42×
1.71×
Q2 25
1.42×
2.43×
Q1 25
-1.60×
1.73×
Q4 24
2.29×
1.25×
Q3 24
2.23×
1.86×
Q2 24
1.50×
1.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OII
OII

Segment breakdown not available.

PSA
PSA

Self Storage Operations$1.1B93%
Ancillary Operations$86.9M7%

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