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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.

OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $162.6M, roughly 1.1× Ribbon Communications Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs -65.7%, a 120.5% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -10.3%). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% CAGR vs -8.1%).

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

OIS vs RBBN — Head-to-Head

Bigger by revenue
OIS
OIS
1.1× larger
OIS
$178.5M
$162.6M
RBBN
Growing faster (revenue YoY)
OIS
OIS
+18.7% gap
OIS
8.4%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
120.5% more per $
RBBN
54.8%
-65.7%
OIS
Faster 2-yr revenue CAGR
OIS
OIS
Annualised
OIS
3.3%
-8.1%
RBBN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OIS
OIS
RBBN
RBBN
Revenue
$178.5M
$162.6M
Net Profit
$-117.2M
$89.1M
Gross Margin
10.9%
42.9%
Operating Margin
-63.7%
37.6%
Net Margin
-65.7%
54.8%
Revenue YoY
8.4%
-10.3%
Net Profit YoY
-873.2%
EPS (diluted)
$-1.99
$0.50

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
OIS
OIS
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$178.5M
$227.3M
Q3 25
$165.2M
$215.4M
Q2 25
$165.4M
$220.6M
Q1 25
$159.9M
$181.3M
Q4 24
$164.6M
$251.4M
Q3 24
$174.3M
$210.2M
Q2 24
$186.4M
$192.6M
Net Profit
OIS
OIS
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$-117.2M
Q3 25
$1.9M
$-12.1M
Q2 25
$2.8M
$-11.1M
Q1 25
$3.2M
$-26.2M
Q4 24
$15.2M
Q3 24
$-14.3M
$-13.4M
Q2 24
$1.3M
$-16.8M
Gross Margin
OIS
OIS
RBBN
RBBN
Q1 26
42.9%
Q4 25
10.9%
53.3%
Q3 25
22.1%
50.1%
Q2 25
24.2%
49.6%
Q1 25
23.3%
45.4%
Q4 24
23.7%
55.7%
Q3 24
21.7%
52.1%
Q2 24
23.8%
50.8%
Operating Margin
OIS
OIS
RBBN
RBBN
Q1 26
37.6%
Q4 25
-63.7%
4.1%
Q3 25
2.9%
1.3%
Q2 25
3.2%
1.9%
Q1 25
3.5%
-10.8%
Q4 24
11.2%
13.2%
Q3 24
-6.3%
-0.4%
Q2 24
1.1%
-1.0%
Net Margin
OIS
OIS
RBBN
RBBN
Q1 26
54.8%
Q4 25
-65.7%
Q3 25
1.2%
-5.6%
Q2 25
1.7%
-5.0%
Q1 25
2.0%
-14.5%
Q4 24
9.2%
Q3 24
-8.2%
-6.4%
Q2 24
0.7%
-8.7%
EPS (diluted)
OIS
OIS
RBBN
RBBN
Q1 26
$0.50
Q4 25
$-1.99
$0.50
Q3 25
$0.03
$-0.07
Q2 25
$0.05
$-0.06
Q1 25
$0.05
$-0.15
Q4 24
$0.24
$0.05
Q3 24
$-0.23
$-0.08
Q2 24
$0.02
$-0.10

Balance Sheet & Financial Strength

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

Metric
OIS
OIS
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$69.9M
$67.6M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$573.2M
$419.1M
Total Assets
$883.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OIS
OIS
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$69.9M
$96.4M
Q3 25
$67.1M
$74.8M
Q2 25
$53.9M
$60.5M
Q1 25
$66.8M
$71.2M
Q4 24
$65.4M
$87.8M
Q3 24
$46.0M
$37.2M
Q2 24
$25.2M
$64.6M
Total Debt
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
$1.7M
$342.1M
Q3 25
$1.9M
$344.3M
Q2 25
$1.9M
$346.5M
Q1 25
$124.7M
$347.4M
Q4 24
$124.7M
$348.3M
Q3 24
$124.6M
$349.1M
Q2 24
$124.3M
$350.0M
Stockholders' Equity
OIS
OIS
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$573.2M
$449.0M
Q3 25
$689.0M
$360.1M
Q2 25
$690.6M
$370.4M
Q1 25
$683.4M
$381.8M
Q4 24
$680.7M
$404.6M
Q3 24
$684.8M
$395.5M
Q2 24
$690.4M
$405.0M
Total Assets
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
$883.4M
$1.2B
Q3 25
$1.0B
$1.1B
Q2 25
$993.7M
$1.1B
Q1 25
$990.7M
$1.1B
Q4 24
$1.0B
$1.2B
Q3 24
$994.1M
$1.1B
Q2 24
$1.0B
$1.1B
Debt / Equity
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
0.00×
0.76×
Q3 25
0.00×
0.96×
Q2 25
0.00×
0.94×
Q1 25
0.18×
0.91×
Q4 24
0.18×
0.86×
Q3 24
0.18×
0.88×
Q2 24
0.18×
0.86×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OIS
OIS
RBBN
RBBN
Operating Cash FlowLast quarter
$50.1M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
26.4%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
$50.1M
$29.2M
Q3 25
$30.7M
$26.5M
Q2 25
$15.0M
$-795.0K
Q1 25
$9.3M
$-3.5M
Q4 24
$18.2M
$61.8M
Q3 24
$28.8M
$-14.8M
Q2 24
$10.2M
$-9.8M
Free Cash Flow
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
$47.1M
$27.3M
Q3 25
$22.0M
$21.0M
Q2 25
$4.7M
$-6.5M
Q1 25
$137.0K
$-15.7M
Q4 24
$4.0M
$53.8M
Q3 24
$21.4M
$-23.7M
Q2 24
$4.5M
$-12.9M
FCF Margin
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
26.4%
12.0%
Q3 25
13.3%
9.7%
Q2 25
2.8%
-2.9%
Q1 25
0.1%
-8.7%
Q4 24
2.4%
21.4%
Q3 24
12.3%
-11.3%
Q2 24
2.4%
-6.7%
Capex Intensity
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
1.7%
0.9%
Q3 25
5.3%
2.6%
Q2 25
6.2%
2.6%
Q1 25
5.7%
6.7%
Q4 24
8.6%
3.2%
Q3 24
4.3%
4.2%
Q2 24
3.1%
1.6%
Cash Conversion
OIS
OIS
RBBN
RBBN
Q1 26
Q4 25
Q3 25
16.15×
Q2 25
5.33×
Q1 25
2.94×
Q4 24
1.20×
Q3 24
Q2 24
7.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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