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

OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $382.8M, roughly 1.8× Gentherm Inc). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 0.8%, a 4.4% gap on every dollar of revenue. On growth, Gentherm Inc posted the faster year-over-year revenue change (8.5% vs 3.6%). Gentherm Inc produced more free cash flow last quarter ($6.7M vs $-76.5M). Over the past eight quarters, Gentherm Inc's revenue compounded faster (3.7% 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.

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

OII vs THRM — Head-to-Head

Bigger by revenue
OII
OII
1.8× larger
OII
$692.4M
$382.8M
THRM
Growing faster (revenue YoY)
THRM
THRM
+4.9% gap
THRM
8.5%
3.6%
OII
Higher net margin
OII
OII
4.4% more per $
OII
5.2%
0.8%
THRM
More free cash flow
THRM
THRM
$83.2M more FCF
THRM
$6.7M
$-76.5M
OII
Faster 2-yr revenue CAGR
THRM
THRM
Annualised
THRM
3.7%
1.8%
OII

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OII
OII
THRM
THRM
Revenue
$692.4M
$382.8M
Net Profit
$36.1M
$3.0M
Gross Margin
23.7%
Operating Margin
4.6%
Net Margin
5.2%
0.8%
Revenue YoY
3.6%
8.5%
Net Profit YoY
-28.3%
-80.5%
EPS (diluted)
$0.36
$0.08

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
THRM
THRM
Q1 26
$692.4M
Q4 25
$668.6M
$382.8M
Q3 25
$742.9M
$386.9M
Q2 25
$698.2M
$375.1M
Q1 25
$674.5M
$353.9M
Q4 24
$713.5M
$352.9M
Q3 24
$679.8M
$371.5M
Q2 24
$668.8M
$375.7M
Net Profit
OII
OII
THRM
THRM
Q1 26
$36.1M
Q4 25
$177.7M
$3.0M
Q3 25
$71.3M
$14.9M
Q2 25
$54.4M
$477.0K
Q1 25
$50.4M
$-128.0K
Q4 24
$56.1M
$15.3M
Q3 24
$41.2M
$16.0M
Q2 24
$35.0M
$18.9M
Gross Margin
OII
OII
THRM
THRM
Q1 26
Q4 25
19.8%
23.7%
Q3 25
20.6%
24.6%
Q2 25
21.3%
23.9%
Q1 25
20.0%
24.4%
Q4 24
19.9%
24.4%
Q3 24
19.3%
25.5%
Q2 24
18.0%
25.7%
Operating Margin
OII
OII
THRM
THRM
Q1 26
Q4 25
9.8%
4.6%
Q3 25
11.6%
6.2%
Q2 25
11.3%
6.4%
Q1 25
10.9%
4.8%
Q4 24
10.9%
6.7%
Q3 24
10.5%
8.7%
Q2 24
9.0%
8.8%
Net Margin
OII
OII
THRM
THRM
Q1 26
5.2%
Q4 25
26.6%
0.8%
Q3 25
9.6%
3.9%
Q2 25
7.8%
0.1%
Q1 25
7.5%
-0.0%
Q4 24
7.9%
4.3%
Q3 24
6.1%
4.3%
Q2 24
5.2%
5.0%
EPS (diluted)
OII
OII
THRM
THRM
Q1 26
$0.36
Q4 25
$1.75
$0.08
Q3 25
$0.71
$0.49
Q2 25
$0.54
$0.02
Q1 25
$0.49
$0.00
Q4 24
$0.55
$0.48
Q3 24
$0.40
$0.51
Q2 24
$0.34
$0.60

Balance Sheet & Financial Strength

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

Metric
OII
OII
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$160.8M
Total DebtLower is stronger
$488.8M
$189.0M
Stockholders' EquityBook value
$1.1B
$720.3M
Total Assets
$2.6B
$1.4B
Debt / EquityLower = less leverage
0.44×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
THRM
THRM
Q1 26
Q4 25
$695.9M
$160.8M
Q3 25
$7.0M
$154.3M
Q2 25
$7.0M
$128.3M
Q1 25
$7.0M
$163.1M
Q4 24
$504.5M
$134.1M
Q3 24
$150.6M
Q2 24
$123.5M
Total Debt
OII
OII
THRM
THRM
Q1 26
$488.8M
Q4 25
$487.4M
$189.0M
Q3 25
$189.0M
Q2 25
$209.0M
Q1 25
$262.0M
Q4 24
$482.0M
$220.1M
Q3 24
$222.1M
Q2 24
$222.1M
Stockholders' Equity
OII
OII
THRM
THRM
Q1 26
$1.1B
Q4 25
$1.1B
$720.3M
Q3 25
$907.7M
$717.9M
Q2 25
$842.1M
$699.7M
Q1 25
$773.1M
$646.5M
Q4 24
$714.3M
$616.9M
Q3 24
$698.0M
$660.7M
Q2 24
$651.0M
$640.3M
Total Assets
OII
OII
THRM
THRM
Q1 26
$2.6B
Q4 25
$2.7B
$1.4B
Q3 25
$2.5B
$1.4B
Q2 25
$2.3B
$1.4B
Q1 25
$2.3B
$1.3B
Q4 24
$2.3B
$1.2B
Q3 24
$2.4B
$1.3B
Q2 24
$2.3B
$1.2B
Debt / Equity
OII
OII
THRM
THRM
Q1 26
0.44×
Q4 25
0.46×
0.26×
Q3 25
0.26×
Q2 25
0.30×
Q1 25
0.41×
Q4 24
0.67×
0.36×
Q3 24
0.34×
Q2 24
0.35×

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
THRM
THRM
Operating Cash FlowLast quarter
$29.0M
Free Cash FlowOCF − Capex
$-76.5M
$6.7M
FCF MarginFCF / Revenue
-11.1%
1.7%
Capex IntensityCapex / Revenue
2.5%
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$238.1M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
THRM
THRM
Q1 26
Q4 25
$221.1M
$29.0M
Q3 25
$101.3M
$56.1M
Q2 25
$77.2M
$45.0M
Q1 25
$-80.7M
$-13.3M
Q4 24
$128.4M
$36.6M
Q3 24
$91.9M
$46.3M
Q2 24
$52.6M
$37.1M
Free Cash Flow
OII
OII
THRM
THRM
Q1 26
$-76.5M
Q4 25
$190.7M
$6.7M
Q3 25
$77.0M
$46.5M
Q2 25
$46.9M
$36.2M
Q1 25
$-106.8M
$-28.2M
Q4 24
$94.5M
$13.6M
Q3 24
$67.0M
$26.6M
Q2 24
$29.8M
$17.8M
FCF Margin
OII
OII
THRM
THRM
Q1 26
-11.1%
Q4 25
28.5%
1.7%
Q3 25
10.4%
12.0%
Q2 25
6.7%
9.6%
Q1 25
-15.8%
-8.0%
Q4 24
13.2%
3.9%
Q3 24
9.9%
7.2%
Q2 24
4.5%
4.7%
Capex Intensity
OII
OII
THRM
THRM
Q1 26
2.5%
Q4 25
4.6%
5.8%
Q3 25
3.3%
2.5%
Q2 25
4.3%
2.4%
Q1 25
3.9%
4.2%
Q4 24
4.7%
6.5%
Q3 24
3.7%
5.3%
Q2 24
3.4%
5.2%
Cash Conversion
OII
OII
THRM
THRM
Q1 26
Q4 25
1.24×
9.70×
Q3 25
1.42×
3.75×
Q2 25
1.42×
94.43×
Q1 25
-1.60×
Q4 24
2.29×
2.39×
Q3 24
2.23×
2.90×
Q2 24
1.50×
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OII
OII

Segment breakdown not available.

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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