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Side-by-side financial comparison of ODYSSEY MARINE EXPLORATION INC (OMEX) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.

Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $22.7K, roughly 175173.8× ODYSSEY MARINE EXPLORATION INC). Viking Holdings Ltd runs the higher net margin — 12.9% vs -76530.3%, a 76543.2% gap on every dollar of revenue.

Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Their work has been featured on the Discovery Channel, PBS and National Geographic.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

OMEX vs VIK — Head-to-Head

Bigger by revenue
VIK
VIK
175173.8× larger
VIK
$4.0B
$22.7K
OMEX
Higher net margin
VIK
VIK
76543.2% more per $
VIK
12.9%
-76530.3%
OMEX

Income Statement — Q4 2025 vs Q3 2025

Metric
OMEX
OMEX
VIK
VIK
Revenue
$22.7K
$4.0B
Net Profit
$-17.4M
$514.0M
Gross Margin
73.4%
Operating Margin
-20662.5%
15.2%
Net Margin
-76530.3%
12.9%
Revenue YoY
-83.3%
Net Profit YoY
-248.0%
35.4%
EPS (diluted)
$-0.32
$1.15

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
OMEX
OMEX
VIK
VIK
Q4 25
$22.7K
Q3 25
$61.0K
$4.0B
Q2 25
$135.0K
$2.3B
Q1 25
$135.0K
$718.2M
Q4 24
$136.1K
Q3 24
$213.9K
$3.6B
Q2 24
$215.6K
$2.1B
Q1 24
$203.1K
Net Profit
OMEX
OMEX
VIK
VIK
Q4 25
$-17.4M
Q3 25
$-13.1M
$514.0M
Q2 25
$-14.8M
$439.2M
Q1 25
$2.2M
$-105.5M
Q4 24
$-5.0M
Q3 24
$18.7M
$379.7M
Q2 24
$-1.5M
$159.8M
Q1 24
$3.5M
Gross Margin
OMEX
OMEX
VIK
VIK
Q4 25
Q3 25
73.4%
Q2 25
55.7%
Q1 25
17.3%
Q4 24
Q3 24
74.7%
Q2 24
57.8%
Q1 24
Operating Margin
OMEX
OMEX
VIK
VIK
Q4 25
-20662.5%
Q3 25
-3494.4%
15.2%
Q2 25
-3241.0%
23.7%
Q1 25
-1648.6%
-1.3%
Q4 24
-1031.0%
Q3 24
-1340.9%
13.6%
Q2 24
-1399.1%
20.5%
Q1 24
-2323.0%
Net Margin
OMEX
OMEX
VIK
VIK
Q4 25
-76530.3%
Q3 25
-21439.5%
12.9%
Q2 25
-10998.5%
19.1%
Q1 25
1660.4%
-14.7%
Q4 24
-3673.4%
Q3 24
8736.9%
10.6%
Q2 24
-708.4%
7.7%
Q1 24
1722.6%
EPS (diluted)
OMEX
OMEX
VIK
VIK
Q4 25
$-0.32
Q3 25
$-0.31
$1.15
Q2 25
$-0.48
$0.99
Q1 25
$0.01
$-0.24
Q4 24
$0.19
Q3 24
$0.13
$0.87
Q2 24
$-0.07
$0.38
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
OMEX
OMEX
VIK
VIK
Cash + ST InvestmentsLiquidity on hand
$3.5M
$3.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$-37.6M
$803.5M
Total Assets
$15.8M
$11.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OMEX
OMEX
VIK
VIK
Q4 25
$3.5M
Q3 25
$5.8M
$3.0B
Q2 25
$3.6M
$2.6B
Q1 25
$2.5M
$2.8B
Q4 24
$4.8M
Q3 24
$2.9M
$2.4B
Q2 24
$7.6M
$1.8B
Q1 24
$2.1M
Stockholders' Equity
OMEX
OMEX
VIK
VIK
Q4 25
$-37.6M
Q3 25
$-45.4M
$803.5M
Q2 25
$-52.8M
$278.3M
Q1 25
$-13.9M
$-267.5M
Q4 24
$-16.2M
Q3 24
$-16.1M
$-688.9M
Q2 24
$-35.7M
$-1.1B
Q1 24
$-35.1M
Total Assets
OMEX
OMEX
VIK
VIK
Q4 25
$15.8M
Q3 25
$17.7M
$11.5B
Q2 25
$16.6M
$11.1B
Q1 25
$15.8M
$10.7B
Q4 24
$18.5M
Q3 24
$21.8M
Q2 24
$26.3M
Q1 24
$20.6M

Cash Flow & Capital Efficiency

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

Metric
OMEX
OMEX
VIK
VIK
Operating Cash FlowLast quarter
$-2.8M
$663.9M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-12467.8%
Capex IntensityCapex / Revenue
63.8%
Cash ConversionOCF / Net Profit
1.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OMEX
OMEX
VIK
VIK
Q4 25
$-2.8M
Q3 25
$-2.1M
$663.9M
Q2 25
$-2.0M
$470.7M
Q1 25
$-2.0M
$587.9M
Q4 24
$-1.8M
Q3 24
$-1.6M
$828.7M
Q2 24
$5.6M
$419.8M
Q1 24
$-1.7M
Free Cash Flow
OMEX
OMEX
VIK
VIK
Q4 25
$-2.8M
Q3 25
$-2.1M
Q2 25
Q1 25
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$5.6M
Q1 24
$-1.8M
FCF Margin
OMEX
OMEX
VIK
VIK
Q4 25
-12467.8%
Q3 25
-3438.2%
Q2 25
Q1 25
Q4 24
-1302.1%
Q3 24
-728.7%
Q2 24
2605.0%
Q1 24
-873.2%
Capex Intensity
OMEX
OMEX
VIK
VIK
Q4 25
63.8%
Q3 25
2.6%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
3.0%
Q3 24
1.9%
Q2 24
9.1%
Q1 24
51.2%
Cash Conversion
OMEX
OMEX
VIK
VIK
Q4 25
Q3 25
1.29×
Q2 25
1.07×
Q1 25
-0.87×
Q4 24
Q3 24
-0.08×
2.18×
Q2 24
2.63×
Q1 24
-0.48×

Financial Flow Comparison

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

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