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Side-by-side financial comparison of OCEANEERING INTERNATIONAL INC (OII) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $492.9M, roughly 1.4× STARWOOD PROPERTY TRUST, INC.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 5.2%, a 14.4% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 3.6%). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -2.9%).

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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

OII vs STWD — Head-to-Head

Bigger by revenue
OII
OII
1.4× larger
OII
$692.4M
$492.9M
STWD
Growing faster (revenue YoY)
STWD
STWD
+4.9% gap
STWD
8.5%
3.6%
OII
Higher net margin
STWD
STWD
14.4% more per $
STWD
19.7%
5.2%
OII
Faster 2-yr revenue CAGR
OII
OII
Annualised
OII
1.8%
-2.9%
STWD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OII
OII
STWD
STWD
Revenue
$692.4M
$492.9M
Net Profit
$36.1M
$96.9M
Gross Margin
Operating Margin
26.6%
Net Margin
5.2%
19.7%
Revenue YoY
3.6%
8.5%
Net Profit YoY
-28.3%
87.7%
EPS (diluted)
$0.36
$0.25

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
STWD
STWD
Q1 26
$692.4M
Q4 25
$668.6M
$492.9M
Q3 25
$742.9M
$488.9M
Q2 25
$698.2M
$444.3M
Q1 25
$674.5M
$418.2M
Q4 24
$713.5M
$454.4M
Q3 24
$679.8M
$479.5M
Q2 24
$668.8M
$489.8M
Net Profit
OII
OII
STWD
STWD
Q1 26
$36.1M
Q4 25
$177.7M
$96.9M
Q3 25
$71.3M
$72.6M
Q2 25
$54.4M
$129.8M
Q1 25
$50.4M
$112.3M
Q4 24
$56.1M
$51.6M
Q3 24
$41.2M
$76.1M
Q2 24
$35.0M
$77.9M
Gross Margin
OII
OII
STWD
STWD
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
STWD
STWD
Q1 26
Q4 25
9.8%
26.6%
Q3 25
11.6%
19.1%
Q2 25
11.3%
30.5%
Q1 25
10.9%
28.7%
Q4 24
10.9%
15.1%
Q3 24
10.5%
17.2%
Q2 24
9.0%
19.1%
Net Margin
OII
OII
STWD
STWD
Q1 26
5.2%
Q4 25
26.6%
19.7%
Q3 25
9.6%
14.8%
Q2 25
7.8%
29.2%
Q1 25
7.5%
26.8%
Q4 24
7.9%
11.4%
Q3 24
6.1%
15.9%
Q2 24
5.2%
15.9%
EPS (diluted)
OII
OII
STWD
STWD
Q1 26
$0.36
Q4 25
$1.75
$0.25
Q3 25
$0.71
$0.19
Q2 25
$0.54
$0.38
Q1 25
$0.49
$0.33
Q4 24
$0.55
$0.15
Q3 24
$0.40
$0.23
Q2 24
$0.34
$0.24

Balance Sheet & Financial Strength

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

Metric
OII
OII
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$499.5M
Total DebtLower is stronger
$488.8M
Stockholders' EquityBook value
$1.1B
$6.8B
Total Assets
$2.6B
$63.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
STWD
STWD
Q1 26
Q4 25
$695.9M
$499.5M
Q3 25
$7.0M
$301.1M
Q2 25
$7.0M
$259.9M
Q1 25
$7.0M
$440.6M
Q4 24
$504.5M
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Total Debt
OII
OII
STWD
STWD
Q1 26
$488.8M
Q4 25
$487.4M
Q3 25
Q2 25
Q1 25
Q4 24
$482.0M
Q3 24
Q2 24
Stockholders' Equity
OII
OII
STWD
STWD
Q1 26
$1.1B
Q4 25
$1.1B
$6.8B
Q3 25
$907.7M
$6.9B
Q2 25
$842.1M
$6.4B
Q1 25
$773.1M
$6.4B
Q4 24
$714.3M
$6.4B
Q3 24
$698.0M
$6.5B
Q2 24
$651.0M
$6.2B
Total Assets
OII
OII
STWD
STWD
Q1 26
$2.6B
Q4 25
$2.7B
$63.2B
Q3 25
$2.5B
$62.4B
Q2 25
$2.3B
$62.4B
Q1 25
$2.3B
$62.2B
Q4 24
$2.3B
$62.6B
Q3 24
$2.4B
$64.2B
Q2 24
$2.3B
$64.1B
Debt / Equity
OII
OII
STWD
STWD
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
STWD
STWD
Operating Cash FlowLast quarter
$488.8M
Free Cash FlowOCF − Capex
$-76.5M
FCF MarginFCF / Revenue
-11.1%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
STWD
STWD
Q1 26
Q4 25
$221.1M
$488.8M
Q3 25
$101.3M
$337.6M
Q2 25
$77.2M
$-87.4M
Q1 25
$-80.7M
$238.9M
Q4 24
$128.4M
$295.6M
Q3 24
$91.9M
$241.8M
Q2 24
$52.6M
$53.3M
Free Cash Flow
OII
OII
STWD
STWD
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
STWD
STWD
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
STWD
STWD
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
STWD
STWD
Q1 26
Q4 25
1.24×
5.04×
Q3 25
1.42×
4.65×
Q2 25
1.42×
-0.67×
Q1 25
-1.60×
2.13×
Q4 24
2.29×
5.72×
Q3 24
2.23×
3.18×
Q2 24
1.50×
0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OII
OII

Segment breakdown not available.

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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