vs
Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and Ralliant Corp (RAL). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $529.1M, roughly 1.3× Ralliant Corp). Ralliant Corp runs the higher net margin — 7.5% vs 5.2%, a 2.3% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs -0.5%). Ralliant Corp produced more free cash flow last quarter ($126.6M 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.
OII vs RAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $692.4M | $529.1M |
| Net Profit | $36.1M | $39.9M |
| Gross Margin | — | 50.8% |
| Operating Margin | — | 9.8% |
| Net Margin | 5.2% | 7.5% |
| Revenue YoY | 3.6% | -0.5% |
| Net Profit YoY | -28.3% | -56.1% |
| EPS (diluted) | $0.36 | $0.35 |
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 | — | ||
| Q3 25 | $742.9M | $529.1M | ||
| Q2 25 | $698.2M | $503.3M | ||
| Q1 25 | $674.5M | — | ||
| Q4 24 | $713.5M | — | ||
| Q3 24 | $679.8M | $531.7M | ||
| Q2 24 | $668.8M | $533.7M |
| Q1 26 | $36.1M | — | ||
| Q4 25 | $177.7M | — | ||
| Q3 25 | $71.3M | $39.9M | ||
| Q2 25 | $54.4M | $47.6M | ||
| Q1 25 | $50.4M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $41.2M | $90.9M | ||
| Q2 24 | $35.0M | $64.8M |
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 20.6% | 50.8% | ||
| Q2 25 | 21.3% | 49.3% | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 19.3% | 52.6% | ||
| Q2 24 | 18.0% | 51.5% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | — | ||
| Q3 25 | 11.6% | 9.8% | ||
| Q2 25 | 11.3% | 11.7% | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 10.5% | 20.9% | ||
| Q2 24 | 9.0% | 19.7% |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 26.6% | — | ||
| Q3 25 | 9.6% | 7.5% | ||
| Q2 25 | 7.8% | 9.5% | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 6.1% | 17.1% | ||
| Q2 24 | 5.2% | 12.1% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $1.75 | — | ||
| Q3 25 | $0.71 | $0.35 | ||
| Q2 25 | $0.54 | $0.42 | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.55 | — | ||
| Q3 24 | $0.40 | $0.81 | ||
| Q2 24 | $0.34 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $264.2M |
| Total DebtLower is stronger | $488.8M | $1.1B |
| Stockholders' EquityBook value | $1.1B | $3.0B |
| Total Assets | $2.6B | $5.3B |
| Debt / EquityLower = less leverage | 0.44× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $695.9M | — | ||
| Q3 25 | $7.0M | $264.2M | ||
| Q2 25 | $7.0M | $198.6M | ||
| Q1 25 | $7.0M | — | ||
| Q4 24 | $504.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $488.8M | — | ||
| Q4 25 | $487.4M | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | $482.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $907.7M | $3.0B | ||
| Q2 25 | $842.1M | $3.0B | ||
| Q1 25 | $773.1M | — | ||
| Q4 24 | $714.3M | — | ||
| Q3 24 | $698.0M | $4.0B | ||
| Q2 24 | $651.0M | $4.0B |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.5B | $5.3B | ||
| Q2 25 | $2.3B | $5.2B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.46× | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $138.6M |
| Free Cash FlowOCF − Capex | $-76.5M | $126.6M |
| FCF MarginFCF / Revenue | -11.1% | 23.9% |
| Capex IntensityCapex / Revenue | 2.5% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $238.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $221.1M | — | ||
| Q3 25 | $101.3M | $138.6M | ||
| Q2 25 | $77.2M | — | ||
| Q1 25 | $-80.7M | — | ||
| Q4 24 | $128.4M | — | ||
| Q3 24 | $91.9M | — | ||
| Q2 24 | $52.6M | — |
| Q1 26 | $-76.5M | — | ||
| Q4 25 | $190.7M | — | ||
| Q3 25 | $77.0M | $126.6M | ||
| 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% | 23.9% | ||
| 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% | 2.3% | ||
| 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× | — | ||
| Q3 25 | 1.42× | 3.47× | ||
| 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
Segment breakdown not available.
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
