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

DENTSPLY SIRONA Inc. is the larger business by last-quarter revenue ($961.0M vs $692.4M, roughly 1.4× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -15.2%, a 20.4% gap on every dollar of revenue. On growth, DENTSPLY SIRONA Inc. posted the faster year-over-year revenue change (6.2% vs 3.6%). DENTSPLY SIRONA Inc. produced more free cash flow last quarter ($60.0M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs 0.4%).

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.

Dentsply Sirona Inc. is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries. It has factories in 21 countries. The present company is largely the result of a merger in 1993 in which Gendex Corporation acquired Dentsply International Inc. for $590 million.

OII vs XRAY — Head-to-Head

Bigger by revenue
XRAY
XRAY
1.4× larger
XRAY
$961.0M
$692.4M
OII
Growing faster (revenue YoY)
XRAY
XRAY
+2.6% gap
XRAY
6.2%
3.6%
OII
Higher net margin
OII
OII
20.4% more per $
OII
5.2%
-15.2%
XRAY
More free cash flow
XRAY
XRAY
$136.5M more FCF
XRAY
$60.0M
$-76.5M
OII
Faster 2-yr revenue CAGR
OII
OII
Annualised
OII
1.8%
0.4%
XRAY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OII
OII
XRAY
XRAY
Revenue
$692.4M
$961.0M
Net Profit
$36.1M
$-146.0M
Gross Margin
46.1%
Operating Margin
-14.5%
Net Margin
5.2%
-15.2%
Revenue YoY
3.6%
6.2%
Net Profit YoY
-28.3%
66.0%
EPS (diluted)
$0.36
$-0.74

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
XRAY
XRAY
Q1 26
$692.4M
Q4 25
$668.6M
$961.0M
Q3 25
$742.9M
$904.0M
Q2 25
$698.2M
$936.0M
Q1 25
$674.5M
$879.0M
Q4 24
$713.5M
$905.0M
Q3 24
$679.8M
$951.0M
Q2 24
$668.8M
$984.0M
Net Profit
OII
OII
XRAY
XRAY
Q1 26
$36.1M
Q4 25
$177.7M
$-146.0M
Q3 25
$71.3M
$-427.0M
Q2 25
$54.4M
$-45.0M
Q1 25
$50.4M
$20.0M
Q4 24
$56.1M
$-430.0M
Q3 24
$41.2M
$-494.0M
Q2 24
$35.0M
$-4.0M
Gross Margin
OII
OII
XRAY
XRAY
Q1 26
Q4 25
19.8%
46.1%
Q3 25
20.6%
48.8%
Q2 25
21.3%
52.4%
Q1 25
20.0%
53.0%
Q4 24
19.9%
49.3%
Q3 24
19.3%
52.1%
Q2 24
18.0%
51.9%
Operating Margin
OII
OII
XRAY
XRAY
Q1 26
Q4 25
9.8%
-14.5%
Q3 25
11.6%
-24.1%
Q2 25
11.3%
-13.7%
Q1 25
10.9%
7.2%
Q4 24
10.9%
-56.2%
Q3 24
10.5%
-48.6%
Q2 24
9.0%
5.1%
Net Margin
OII
OII
XRAY
XRAY
Q1 26
5.2%
Q4 25
26.6%
-15.2%
Q3 25
9.6%
-47.2%
Q2 25
7.8%
-4.8%
Q1 25
7.5%
2.3%
Q4 24
7.9%
-47.5%
Q3 24
6.1%
-51.9%
Q2 24
5.2%
-0.4%
EPS (diluted)
OII
OII
XRAY
XRAY
Q1 26
$0.36
Q4 25
$1.75
$-0.74
Q3 25
$0.71
$-2.14
Q2 25
$0.54
$-0.22
Q1 25
$0.49
$0.10
Q4 24
$0.55
$-2.09
Q3 24
$0.40
$-2.46
Q2 24
$0.34
$-0.02

Balance Sheet & Financial Strength

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

Metric
OII
OII
XRAY
XRAY
Cash + ST InvestmentsLiquidity on hand
$326.0M
Total DebtLower is stronger
$488.8M
$2.3B
Stockholders' EquityBook value
$1.1B
$1.3B
Total Assets
$2.6B
$5.4B
Debt / EquityLower = less leverage
0.44×
1.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OII
OII
XRAY
XRAY
Q1 26
Q4 25
$695.9M
$326.0M
Q3 25
$7.0M
$363.0M
Q2 25
$7.0M
$359.0M
Q1 25
$7.0M
$398.0M
Q4 24
$504.5M
$272.0M
Q3 24
$296.0M
Q2 24
$279.0M
Total Debt
OII
OII
XRAY
XRAY
Q1 26
$488.8M
Q4 25
$487.4M
$2.3B
Q3 25
Q2 25
Q1 25
Q4 24
$482.0M
$1.7B
Q3 24
Q2 24
Stockholders' Equity
OII
OII
XRAY
XRAY
Q1 26
$1.1B
Q4 25
$1.1B
$1.3B
Q3 25
$907.7M
$1.5B
Q2 25
$842.1M
$2.0B
Q1 25
$773.1M
$2.0B
Q4 24
$714.3M
$1.9B
Q3 24
$698.0M
$2.5B
Q2 24
$651.0M
$3.1B
Total Assets
OII
OII
XRAY
XRAY
Q1 26
$2.6B
Q4 25
$2.7B
$5.4B
Q3 25
$2.5B
$5.7B
Q2 25
$2.3B
$6.1B
Q1 25
$2.3B
$6.0B
Q4 24
$2.3B
$5.8B
Q3 24
$2.4B
$6.6B
Q2 24
$2.3B
$6.9B
Debt / Equity
OII
OII
XRAY
XRAY
Q1 26
0.44×
Q4 25
0.46×
1.70×
Q3 25
Q2 25
Q1 25
Q4 24
0.67×
0.90×
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
XRAY
XRAY
Operating Cash FlowLast quarter
$101.0M
Free Cash FlowOCF − Capex
$-76.5M
$60.0M
FCF MarginFCF / Revenue
-11.1%
6.2%
Capex IntensityCapex / Revenue
2.5%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$238.1M
$104.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OII
OII
XRAY
XRAY
Q1 26
Q4 25
$221.1M
$101.0M
Q3 25
$101.3M
$79.0M
Q2 25
$77.2M
$48.0M
Q1 25
$-80.7M
$7.0M
Q4 24
$128.4M
$87.0M
Q3 24
$91.9M
$141.0M
Q2 24
$52.6M
$208.0M
Free Cash Flow
OII
OII
XRAY
XRAY
Q1 26
$-76.5M
Q4 25
$190.7M
$60.0M
Q3 25
$77.0M
$40.0M
Q2 25
$46.9M
$16.0M
Q1 25
$-106.8M
$-12.0M
Q4 24
$94.5M
$36.0M
Q3 24
$67.0M
$98.0M
Q2 24
$29.8M
$156.0M
FCF Margin
OII
OII
XRAY
XRAY
Q1 26
-11.1%
Q4 25
28.5%
6.2%
Q3 25
10.4%
4.4%
Q2 25
6.7%
1.7%
Q1 25
-15.8%
-1.4%
Q4 24
13.2%
4.0%
Q3 24
9.9%
10.3%
Q2 24
4.5%
15.9%
Capex Intensity
OII
OII
XRAY
XRAY
Q1 26
2.5%
Q4 25
4.6%
4.3%
Q3 25
3.3%
4.3%
Q2 25
4.3%
3.4%
Q1 25
3.9%
2.2%
Q4 24
4.7%
5.6%
Q3 24
3.7%
4.5%
Q2 24
3.4%
5.3%
Cash Conversion
OII
OII
XRAY
XRAY
Q1 26
Q4 25
1.24×
Q3 25
1.42×
Q2 25
1.42×
Q1 25
-1.60×
0.35×
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.

XRAY
XRAY

Essential Dental Solutions$372.0M39%
Equipment And Instruments$160.0M17%
Implants And Prosthetics$150.0M16%
CADCAM$139.0M14%
Wellspect Healthcare$88.0M9%
Orthodontics$52.0M5%

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