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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and Vericel Corp (VCEL). 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 $92.9M, roughly 1.9× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs -65.7%, a 90.7% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 8.4%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $12.8M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 3.3%).
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.
Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.
OIS vs VCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $92.9M |
| Net Profit | $-117.2M | $23.2M |
| Gross Margin | 10.9% | 78.7% |
| Operating Margin | -63.7% | 24.1% |
| Net Margin | -65.7% | 25.0% |
| Revenue YoY | 8.4% | 23.3% |
| Net Profit YoY | -873.2% | 17.3% |
| EPS (diluted) | $-1.99 | $0.46 |
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.
| Q4 25 | $178.5M | $92.9M | ||
| Q3 25 | $165.2M | $67.5M | ||
| Q2 25 | $165.4M | $63.2M | ||
| Q1 25 | $159.9M | $52.6M | ||
| Q4 24 | $164.6M | $75.4M | ||
| Q3 24 | $174.3M | $57.9M | ||
| Q2 24 | $186.4M | $52.7M | ||
| Q1 24 | $167.3M | $51.3M |
| Q4 25 | $-117.2M | $23.2M | ||
| Q3 25 | $1.9M | $5.1M | ||
| Q2 25 | $2.8M | $-553.0K | ||
| Q1 25 | $3.2M | $-11.2M | ||
| Q4 24 | $15.2M | $19.8M | ||
| Q3 24 | $-14.3M | $-901.0K | ||
| Q2 24 | $1.3M | $-4.7M | ||
| Q1 24 | $-13.4M | $-3.9M |
| Q4 25 | 10.9% | 78.7% | ||
| Q3 25 | 22.1% | 73.5% | ||
| Q2 25 | 24.2% | 73.7% | ||
| Q1 25 | 23.3% | 69.0% | ||
| Q4 24 | 23.7% | 77.6% | ||
| Q3 24 | 21.7% | 71.9% | ||
| Q2 24 | 23.8% | 69.5% | ||
| Q1 24 | 21.1% | 68.9% |
| Q4 25 | -63.7% | 24.1% | ||
| Q3 25 | 2.9% | 5.1% | ||
| Q2 25 | 3.2% | -3.2% | ||
| Q1 25 | 3.5% | -24.3% | ||
| Q4 24 | 11.2% | 24.5% | ||
| Q3 24 | -6.3% | -4.3% | ||
| Q2 24 | 1.1% | -11.5% | ||
| Q1 24 | -6.7% | -10.7% |
| Q4 25 | -65.7% | 25.0% | ||
| Q3 25 | 1.2% | 7.5% | ||
| Q2 25 | 1.7% | -0.9% | ||
| Q1 25 | 2.0% | -21.4% | ||
| Q4 24 | 9.2% | 26.3% | ||
| Q3 24 | -8.2% | -1.6% | ||
| Q2 24 | 0.7% | -8.9% | ||
| Q1 24 | -8.0% | -7.5% |
| Q4 25 | $-1.99 | $0.46 | ||
| Q3 25 | $0.03 | $0.10 | ||
| Q2 25 | $0.05 | $-0.01 | ||
| Q1 25 | $0.05 | $-0.23 | ||
| Q4 24 | $0.24 | $0.40 | ||
| Q3 24 | $-0.23 | $-0.02 | ||
| Q2 24 | $0.02 | $-0.10 | ||
| Q1 24 | $-0.21 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.9M | $137.5M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $573.2M | $354.6M |
| Total Assets | $883.4M | $488.0M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $69.9M | $137.5M | ||
| Q3 25 | $67.1M | $135.4M | ||
| Q2 25 | $53.9M | $116.9M | ||
| Q1 25 | $66.8M | $112.9M | ||
| Q4 24 | $65.4M | $116.2M | ||
| Q3 24 | $46.0M | $101.7M | ||
| Q2 24 | $25.2M | $102.5M | ||
| Q1 24 | $24.1M | $110.6M |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $124.7M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | $124.6M | — | ||
| Q2 24 | $124.3M | — | ||
| Q1 24 | $135.6M | — |
| Q4 25 | $573.2M | $354.6M | ||
| Q3 25 | $689.0M | $321.9M | ||
| Q2 25 | $690.6M | $306.8M | ||
| Q1 25 | $683.4M | $295.5M | ||
| Q4 24 | $680.7M | $292.0M | ||
| Q3 24 | $684.8M | $257.5M | ||
| Q2 24 | $690.4M | $243.0M | ||
| Q1 24 | $692.3M | $233.9M |
| Q4 25 | $883.4M | $488.0M | ||
| Q3 25 | $1.0B | $453.3M | ||
| Q2 25 | $993.7M | $435.6M | ||
| Q1 25 | $990.7M | $424.6M | ||
| Q4 24 | $1.0B | $432.7M | ||
| Q3 24 | $994.1M | $390.4M | ||
| Q2 24 | $1.0B | $376.8M | ||
| Q1 24 | $1.0B | $356.7M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 0.20× | — |
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 | $50.1M | $15.0M |
| Free Cash FlowOCF − Capex | $47.1M | $12.8M |
| FCF MarginFCF / Revenue | 26.4% | 13.8% |
| Capex IntensityCapex / Revenue | 1.7% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.65× |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | $24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.1M | $15.0M | ||
| Q3 25 | $30.7M | $22.1M | ||
| Q2 25 | $15.0M | $8.2M | ||
| Q1 25 | $9.3M | $6.6M | ||
| Q4 24 | $18.2M | $22.2M | ||
| Q3 24 | $28.8M | $10.2M | ||
| Q2 24 | $10.2M | $18.5M | ||
| Q1 24 | $-11.4M | $7.2M |
| Q4 25 | $47.1M | $12.8M | ||
| Q3 25 | $22.0M | $19.5M | ||
| Q2 25 | $4.7M | $81.0K | ||
| Q1 25 | $137.0K | $-7.6M | ||
| Q4 24 | $4.0M | $8.5M | ||
| Q3 24 | $21.4M | $-9.2M | ||
| Q2 24 | $4.5M | $1.8M | ||
| Q1 24 | $-21.5M | $-6.8M |
| Q4 25 | 26.4% | 13.8% | ||
| Q3 25 | 13.3% | 28.8% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 0.1% | -14.5% | ||
| Q4 24 | 2.4% | 11.2% | ||
| Q3 24 | 12.3% | -15.9% | ||
| Q2 24 | 2.4% | 3.4% | ||
| Q1 24 | -12.8% | -13.3% |
| Q4 25 | 1.7% | 2.4% | ||
| Q3 25 | 5.3% | 3.9% | ||
| Q2 25 | 6.2% | 12.9% | ||
| Q1 25 | 5.7% | 27.0% | ||
| Q4 24 | 8.6% | 18.3% | ||
| Q3 24 | 4.3% | 33.5% | ||
| Q2 24 | 3.1% | 31.8% | ||
| Q1 24 | 6.0% | 27.3% |
| Q4 25 | — | 0.65× | ||
| Q3 25 | 16.15× | 4.35× | ||
| Q2 25 | 5.33× | — | ||
| Q1 25 | 2.94× | — | ||
| Q4 24 | 1.20× | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.87× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
