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Liberty Energy vs Oceaneering International: LBRT and OII compared
Liberty Energy is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $785M for Oceaneering International (Q3 2026). Liberty Energy is growing faster (+26% against +6% a year earlier). Oceaneering International is more profitable, with an operating margin of 11.7% against 1.6%.
Where the money goes: LBRT and OII
Liberty Energy (LBRT) · Q3 2026
Liberty Energy, Q3 2026: revenue $1.2B (+26% year over year), operating margin 1.6%, net loss $39.1M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
Oceaneering International (OII) · Q3 2026
Oceaneering International, Q3 2026: revenue $785M (+6% year over year), operating margin 11.7%, net earnings $52.6M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Liberty Energy (LBRT) | Oceaneering International (OII) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $785M |
| Revenue growth, Y/Y | +26% | +6% |
| Gross margin | — | 21.0% |
| Operating margin | 1.6% | 11.7% |
| Net earnings | −$39.1M | $52.6M |
| Net margin | -3.3% | 6.7% |
| Operating cash flow | $223M | $163M |
| Free cash flow | — | $142M |
| Market value | $1.9B | $3.5B |
| P/E | 49.7× | 10.4× |
| Analysts’ mean target | $26.79 | $41.00 |
Where the revenue comes from
Oceaneering International
- Subsea Robotics: $233M (30%)
- Offshore Projects Group: $173M (22%)
- Manufactured Products: $168M (21%)
- Aerospace and Defense Technologies: $135M (17%)
Questions
Which is bigger, Liberty Energy or Oceaneering International?
Liberty Energy is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $785M for Oceaneering International (Q3 2026).
Is Liberty Energy or Oceaneering International growing faster?
Liberty Energy is growing faster (+26% against +6% a year earlier).
Which is more profitable, Liberty Energy or Oceaneering International?
Oceaneering International is more profitable, with an operating margin of 11.7% against 1.6%.
More: Liberty Energy earnings · how Liberty Energy makes money · Oceaneering International earnings · how Oceaneering International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.