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Oceaneering International, Inc.

OII Energy Oil & Gas Equipment & Services

Oceaneering International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 4.62% from fiscal 2024.

Revenue
+5.61%
EPS
−26.8%
Free cash flow
+66.9%
Total debt
+1.11%

Quarter to September 2026, against a year earlier

34.17 2.22 −6.10%
Market cap
$3.4B
P/E
10.4×
Fwd P/E
21.1×
Dividend yield
—
F-score
7/9
Altman Z
3.68
Beneish M
−2.35
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 11.56
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 8 1 — 2 1 3 1 — 1 1
Insider Ownership 1.70%

Capital & Financial Ratios $m

Size
Market Cap 3,380.00
Revenue ttm 2,913.74
Net income ttm 329.90
Free cash flow ttm 289.01
Net debt Q (243.52)
Valuation
P/E 10.39
Forward P/E 21.10
Price / sales 1.17
Forward P/S Powerpack
Price / FCF 11.76
Price / book 2.77
Financial health
Current ratio Q 2.20 (at or above 1.5: strong)
Debt / equity Q 0.40 (at or below 0.5: strong)
Interest coverage Q 10.53
Growth
Revenue growth Q +5.61% (above 0%: growing)
Operating income growth Q +6.53% (above 0%: growing)
EPS, this year +5.56%
EPS, next year A +6.11%
Revenue, next year A +5.63%
EPS, past 5 yrs —
EPS, next 5 yrs A +12.49%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.0×; over the ten years it ranged from 0.4× in 2020 to 1.8× in 2026.
P/E against its own 10 years 7.00%
10-year low 10-year high
P/S against its own 10 years 82.73%
10-year low 10-year high
P/B against its own 10 years 66.67%
10-year low 10-year high
EV/Sales against its own 10 years 64.28%
10-year low 10-year high
EV/FCF against its own 10 years 18.42%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–25
−100.0%/yr
  1. 0.96 ’16
  2. 0.45 ’17 −53
  3. 0.00 ’19 −100
  4. 0.00 ’20
  5. 0.00 ’21
  6. 0.00 ’22
  7. 0.00 ’23
  8. 0.00 ’24
  9. 0.00 ’25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 462 498 689 735
Receivables 331 304 308 449
Inventory 210 223 202 177
Other 303 364 313 330
1,306 1,388 1,512 1,691
2023 2024 2025 Q'26
Payables 156 182 175 167
ST’ Debt — — — —
Other 165 141 115 135
732 797 762 770

Compound Annual Growth %

10y 5y 3y
Sales (0.95%) 8.78% 10.45%
Cash Flow (5.54%) 18.47% 38.17%
Earnings 4.35% 0.00% 138.91%
Book Value (3.76%) 14.04% 26.98%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.58 Actual 0.52

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.42 0.55 Beat by 0.13
Q4 FY25 0.44 0.45 Beat by 0.01
Q1 FY26 0.35 0.30 Miss by 0.05
Q3 FY26 0.58 0.52 Miss by 0.06
Q4 FY26 0.51 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.36 0.65 0.52 — —
’25 0.49 0.54 0.71 1.76 3.49
’24 0.15 0.34 0.40 0.55 1.44
’23 0.04 0.19 0.29 0.43 0.95
’22 (0.19) 0.04 0.18 0.23 0.26
’21 (0.09) 0.06 (0.07) (0.39) (0.49)
’20 (3.71) (0.25) (0.80) (0.25) (5.01)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 692 768 785 — —
’25 675 698 743 669 2,784
’24 599 669 680 713 2,661
’23 537 598 635 655 2,425
’22 446 524 560 536 2,066
’21 438 498 467 467 1,869
’20 537 427 440 424 1,828
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (59) 55 163 — —
’25 (81) 77 101 221 319
’24 (70) 53 92 128 203
’23 (43) 20 80 153 210
’22 (81) (44) 86 159 121
’21 (2) 51 36 140 225
’20 (32) 38 27 104 137
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (76) 32 142 — —
’25 (106) 46 85 192 217
’24 (95) 30 67 95 96
’23 (61) (2) 54 127 117
’22 (100) (57) 69 134 46
’21 (10) 40 24 129 182
’20 (59) 28 19 90 78
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,272 1,922 1,909 2,048 1,828 1,869 2,066 2,425 2,661 2,784 2,914 +2.3% 2,941 3,046 3,337 +6.2%
Gross margin, % 12.29 10.13 6.77 4.80 8.97 14.13 14.88 16.45 18.24 20.42 19.94 +8.1 pt
EBT 43 (18) (186) (331) (499) (6) 79 161 225 286 268 +23.3%
EBT margin, % 1.91 (0.93) (9.73) (16.15) (27.29) (0.31) 3.83 6.64 8.45 10.27 9.20 +8.4 pt
Net income 25 166 (212) (348) (497) (49) 26 97 147 354 330 +34.5%
Per share, $
Per share, $ Revenue 23.17 19.56 19.39 20.71 18.42 18.75 20.62 24.08 26.30 27.78 29.28 +2.0%
Earnings 0.25 1.68 (2.16) (3.52) (5.01) (0.49) 0.26 0.95 1.44 3.49 3.29 +34.0%
Cash flow 3.46 1.39 0.37 1.59 1.38 2.26 1.21 2.09 2.01 3.18 3.82 (0.9%)
Capex (1.11) (0.94) (0.94) (1.40) (0.59) (0.43) (0.74) (0.92) (1.06) (1.02) (0.92) (1.0%)
Free cash flow 2.35 0.45 (0.57) 0.20 0.78 1.83 0.46 1.16 0.95 2.16 2.90 (0.9%)
Book value 15.47 16.94 14.37 10.88 5.62 5.13 5.25 6.30 7.12 10.74 12.33 (4.0%)
Shares, m 98 98 98 99 99 100 100 101 101 100 100 +0.2%
Valuation, ×
Valuation, × P/E 110.50 12.90 0.00 0.00 0.00 0.00 65.00 21.74 18.11 6.87 10.39 23.5
P/S 1.24 1.11 0.62 0.72 0.43 0.60 0.82 0.86 0.99 0.87 1.17 0.8
P/B 1.86 1.28 0.84 1.37 1.41 2.21 3.22 3.28 3.66 2.24 2.77 2.1
EV/Sales 1.39 1.30 0.85 0.94 0.64 0.70 0.89 0.92 1.04 0.84 1.13 0.9
EV/FCF 13.71 56.97 (29.18) 98.85 14.92 7.19 39.85 19.02 28.61 10.79 11.38 26.1
Cash, $m
Cash, $m Operating cash flow 339 136 37 158 137 225 121 210 203 319 380 (0.7%)
Capex (109) (93) (92) (138) (59) (43) (75) (93) (107) (102) (91) (0.7%)
Free cash flow 230 44 (56) 19 78 182 46 117 96 217 289 (0.7%)
Balance, $m
Balance, $m Working capital 754 752 750 643 733 687 729 573 591 751 921 (0.1%)
Net debt 343 362 432 423 353 164 132 15 (16) (201) (244) n/m
Shareholders’ equity 1,517 1,665 1,415 1,075 558 511 526 634 720 1,077 1,227 (3.7%)
Returns, %
Returns, % ROA 0.75 5.41 (7.26) (12.52) (20.76) (2.46) 1.30 4.56 6.45 14.14 12.47 +13.4 pt
ROIC 2.38 0.33 (4.92) (12.13) (30.59) 3.69 10.53 17.45 21.84 21.75 19.29 +19.4 pt
ROE 1.59 10.46 (13.79) (27.98) (60.82) (9.22) 5.00 16.80 21.78 39.37 30.96 +37.8 pt
People
People Employees 9,300 8,200 8,600 9,100 8,300 8,500 9,200 10,100 10,400 11,100 — +2.0%
Revenue/emp, $m 0.24 0.23 0.22 0.23 0.22 0.22 0.22 0.24 0.26 0.25 — +0.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Oceaneering International, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AROC Archrock, Inc. $4.7B 13.8× 18.4× −3.04% (below 0%: shrinking) +21.00% (above 0%: growing) +28.48% (above 0%: growing) 66.83% 39.53% Compare
WHD Cactus, Inc. $4.4B 37.6× 23.4× +63.24% (above 0%: growing) +45.90% (above 0%: growing) −95.60% (below 0%: shrinking) 36.40% 21.83% Compare
SEI Solaris Energy Infrastructure, Inc. $4.1B 50.4× 49.5× +46.92% (above 0%: growing) +13.33% (above 0%: growing) −89.73% (below 0%: shrinking) 57.55% 25.76% Compare
KGS Kodiak Gas Services, Inc. $3.9B 46.4× 24.4× +21.15% (above 0%: growing) +22.73% (above 0%: growing) −194.00% (below 0%: shrinking) 63.09% 31.76% Compare
USAC USA Compression Partners, LP $3.5B 21.5× 20.9× +42.73% (above 0%: growing) +22.22% (above 0%: growing) −74.45% (below 0%: shrinking) 62.19% 28.60% Compare
TDW Tidewater Inc. $3.4B 13.9× 32.8× +0.25% (above 0%: growing) −70.07% (below 0%: shrinking) −15.92% (below 0%: shrinking) 46.88% 18.27% Compare
OII Oceaneering International, Inc. $3.4B 10.4× 21.1× +5.61% (above 0%: growing) −26.76% (below 0%: shrinking) +66.85% (above 0%: growing) 20.97% 11.75%
WBI WaterBridge Infrastructure LLC $3.0B 127× 205× +94.86% (above 0%: growing) n/m +325.23% (above 0%: growing) 0.00% 17.20% Compare
EROK EagleRock Land LLC $2.4B — — — n/m — 79.13% (128.01%) Compare
Median of peers $3.7B 37.6× 24.4× +42.73% +21.61% −74.45% 59.87% 23.80%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.74m 6.13m 302.26
2024 7.40m 8.89m 328.05
2023 7.75m 9.12m 267.67
2022 5.75m 7.95m 220.00
2021 6.52m 7.32m 142.26
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Oceaneering International, Inc. (OII) Latest News

2 Nov

Impact 3 · · Zacks

30 Oct

Impact 3 · · The Motley Fool

29 Oct

Impact 3 · · StockStory

24 Oct

Impact 3 · · Simply Wall St.

23 Oct

Impact 4 · · StockStory
Impact 3 · · StockStory

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · StockStory

21 Oct

Impact 4 · · Business Wire
Impact 3 · · StockStory
Impact 3 · · Associated Press

20 Oct

Impact 3 · · StockStory

5 Oct

Impact 4 · · Zacks

3 Oct

Impact 3 · · Simply Wall St.

1 Oct

Impact 3 ·

24 Sep

Impact 3 · · Zacks

22 Sep

Impact 3 · · Zacks

3 Sep

Impact 4 ·

1 Sep

Impact 3 ·

19 Aug

Impact 3 ·

18 Aug

Impact 3 ·

17 Aug

Impact 3 ·
Impact 3 ·

2 Aug

Impact 3 · · The Motley Fool

28 Jul

Impact 3 ·

26 Jul

Impact 4 ·

25 Jul

Impact 3 ·

24 Jul

Impact 3 ·

OII metrics, ten years each

stockrow.com/OII · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com