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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and PELOTON INTERACTIVE, INC. (PTON). Click either name above to swap in a different company.

OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $656.5M, roughly 1.1× PELOTON INTERACTIVE, INC.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -5.9%, a 11.1% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs -2.6%). PELOTON INTERACTIVE, INC. produced more free cash flow last quarter ($71.0M vs $-76.5M).

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.

Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products include stationary bicycles, treadmills, and indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service. The equipment includes built-in sensors that track metrics such as power output, providing users with real-time feedback on their performance and leaderboard rankings to compete with othe...

OII vs PTON — Head-to-Head

Bigger by revenue
OII
OII
1.1× larger
OII
$692.4M
$656.5M
PTON
Growing faster (revenue YoY)
OII
OII
+6.2% gap
OII
3.6%
-2.6%
PTON
Higher net margin
OII
OII
11.1% more per $
OII
5.2%
-5.9%
PTON
More free cash flow
PTON
PTON
$147.5M more FCF
PTON
$71.0M
$-76.5M
OII

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
OII
OII
PTON
PTON
Revenue
$692.4M
$656.5M
Net Profit
$36.1M
$-38.8M
Gross Margin
50.5%
Operating Margin
-2.2%
Net Margin
5.2%
-5.9%
Revenue YoY
3.6%
-2.6%
Net Profit YoY
-28.3%
57.8%
EPS (diluted)
$0.36
$-0.09

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
PTON
PTON
Q1 26
$692.4M
Q4 25
$668.6M
$656.5M
Q3 25
$742.9M
$550.8M
Q2 25
$698.2M
Q1 25
$674.5M
Q4 24
$713.5M
Q3 24
$679.8M
Q2 24
$668.8M
Net Profit
OII
OII
PTON
PTON
Q1 26
$36.1M
Q4 25
$177.7M
$-38.8M
Q3 25
$71.3M
$13.9M
Q2 25
$54.4M
Q1 25
$50.4M
Q4 24
$56.1M
Q3 24
$41.2M
Q2 24
$35.0M
Gross Margin
OII
OII
PTON
PTON
Q1 26
Q4 25
19.8%
50.5%
Q3 25
20.6%
51.5%
Q2 25
21.3%
Q1 25
20.0%
Q4 24
19.9%
Q3 24
19.3%
Q2 24
18.0%
Operating Margin
OII
OII
PTON
PTON
Q1 26
Q4 25
9.8%
-2.2%
Q3 25
11.6%
7.5%
Q2 25
11.3%
Q1 25
10.9%
Q4 24
10.9%
Q3 24
10.5%
Q2 24
9.0%
Net Margin
OII
OII
PTON
PTON
Q1 26
5.2%
Q4 25
26.6%
-5.9%
Q3 25
9.6%
2.5%
Q2 25
7.8%
Q1 25
7.5%
Q4 24
7.9%
Q3 24
6.1%
Q2 24
5.2%
EPS (diluted)
OII
OII
PTON
PTON
Q1 26
$0.36
Q4 25
$1.75
$-0.09
Q3 25
$0.71
$0.03
Q2 25
$0.54
Q1 25
$0.49
Q4 24
$0.55
Q3 24
$0.40
Q2 24
$0.34

Balance Sheet & Financial Strength

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

Metric
OII
OII
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$488.8M
$1.5B
Stockholders' EquityBook value
$1.1B
$-326.7M
Total Assets
$2.6B
$2.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
PTON
PTON
Q1 26
Q4 25
$695.9M
$1.2B
Q3 25
$7.0M
$1.1B
Q2 25
$7.0M
Q1 25
$7.0M
Q4 24
$504.5M
Q3 24
Q2 24
Total Debt
OII
OII
PTON
PTON
Q1 26
$488.8M
Q4 25
$487.4M
$1.5B
Q3 25
$1.5B
Q2 25
Q1 25
Q4 24
$482.0M
Q3 24
Q2 24
Stockholders' Equity
OII
OII
PTON
PTON
Q1 26
$1.1B
Q4 25
$1.1B
$-326.7M
Q3 25
$907.7M
$-347.0M
Q2 25
$842.1M
Q1 25
$773.1M
Q4 24
$714.3M
Q3 24
$698.0M
Q2 24
$651.0M
Total Assets
OII
OII
PTON
PTON
Q1 26
$2.6B
Q4 25
$2.7B
$2.2B
Q3 25
$2.5B
$2.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.4B
Q2 24
$2.3B
Debt / Equity
OII
OII
PTON
PTON
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
PTON
PTON
Operating Cash FlowLast quarter
$71.9M
Free Cash FlowOCF − Capex
$-76.5M
$71.0M
FCF MarginFCF / Revenue
-11.1%
10.8%
Capex IntensityCapex / Revenue
2.5%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
PTON
PTON
Q1 26
Q4 25
$221.1M
$71.9M
Q3 25
$101.3M
$71.9M
Q2 25
$77.2M
Q1 25
$-80.7M
Q4 24
$128.4M
Q3 24
$91.9M
Q2 24
$52.6M
Free Cash Flow
OII
OII
PTON
PTON
Q1 26
$-76.5M
Q4 25
$190.7M
$71.0M
Q3 25
$77.0M
$67.4M
Q2 25
$46.9M
Q1 25
$-106.8M
Q4 24
$94.5M
Q3 24
$67.0M
Q2 24
$29.8M
FCF Margin
OII
OII
PTON
PTON
Q1 26
-11.1%
Q4 25
28.5%
10.8%
Q3 25
10.4%
12.2%
Q2 25
6.7%
Q1 25
-15.8%
Q4 24
13.2%
Q3 24
9.9%
Q2 24
4.5%
Capex Intensity
OII
OII
PTON
PTON
Q1 26
2.5%
Q4 25
4.6%
0.1%
Q3 25
3.3%
0.8%
Q2 25
4.3%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
3.7%
Q2 24
3.4%
Cash Conversion
OII
OII
PTON
PTON
Q1 26
Q4 25
1.24×
Q3 25
1.42×
5.17×
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.

Revenue Breakdown by Segment

OII
OII

Segment breakdown not available.

PTON
PTON

Subscription And Circulation$412.6M63%
Connected Fitness Products Segment$243.9M37%
Product Warranty$4.0M1%

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