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. In the quarter to June 2026, revenue grew 10.0%, EPS grew 20.4%, free cash flow fell 31.1% and total debt rose 1.15%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

43.79 0.74 +1.72%
Market cap
$4.3B
P/E
12.6×
Fwd P/E
21.4×
Dividend yield
—
F-score
7/9
Altman Z
3.68
Beneish M
−2.35
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
110.50 12.90 0.00 0.00 0.00 0.00 65.00 21.74 18.11 6.87
Piotroski F-Score
5 4 3 3 5 5 6 7 7 7
P/S ratio
1.24 1.11 0.62 0.72 0.43 0.60 0.82 0.86 0.99 0.87
Altman Z-Score
3.14 2.98 2.42 2.16 1.85 2.83 3.24 3.35 3.71 3.68
P/FCF ratio
12.22 48.70 0.00 76.02 10.13 6.19 36.56 17.76 27.40 11.11
Altman Z″-Score (non-manufacturers)
5.11 5.55 4.99 3.71 3.43 4.96 5.22 4.71 5.03 5.68
Beneish M-Score
(2.75) (2.26) (2.98) (2.97) (4.77) (3.30) (2.58) (2.36) (2.71) (2.35)
P/Operating CF
36.22 (282.62) 1,308.23 32.47 7.56 8.06 10.62 13.61 20.55 10.89
P/B ratio
1.86 1.28 0.84 1.37 1.41 2.21 3.22 3.28 3.66 2.24
Price to Tangible BV
2.62 1.76 1.19 2.20 1.51 2.37 3.45 3.47 3.93 2.35
EV/Sales
1.39 1.30 0.85 0.94 0.64 0.70 0.89 0.92 1.04 0.84
EV/EBITDA
9.84 11.12 10.97 0.00 14.02 7.30 7.96 7.78 7.88 5.75
EV/Operating CF
9.31 18.26 44.42 12.17 8.50 5.82 15.27 10.60 13.56 7.33
EV/FCF
13.71 56.97 (29.18) 98.85 14.92 7.19 39.85 19.02 28.61 10.79
Quick Ratio
1.85 2.08 1.46 1.32 1.71 1.60 1.52 1.08 1.01 1.31
Current Ratio
2.48 2.72 2.52 2.07 2.68 2.37 2.28 1.78 1.74 1.99
Net Debt/EBITDA
1.07 1.61 2.92 (15.50) 4.27 0.91 0.57 0.05 (0.04) (0.50)
Debt/Assets
25.33% 26.20% 27.84% 29.06% 39.36% 35.77% 34.50% 21.31% 20.63% 18.27%
Debt/Equity
0.52 0.48 0.56 0.74 1.44 1.37 1.33 0.75 0.67 0.45
Asset Turnover
0.69 0.62 0.65 0.74 0.76 0.93 1.03 1.14 1.16 1.11
Operating CF/Net income
13.81 0.82 (0.17) (0.45) (0.28) (4.57) 4.66 2.16 1.38 0.90
Capex/Depreciation
(0.44) (0.43) (0.31) (0.52) (0.11) (0.31) (0.62) (0.88) (1.03) (1.00)
Interest Coverage
2.80 0.38 (3.85) (6.81) (10.16) 1.03 2.90 4.96 6.50 8.24
ROE
1.59% 10.46% (13.79%) (27.98%) (60.82%) (9.22%) 5.00% 16.80% 21.78% 39.37%
ROA
0.75% 5.41% (7.26%) (12.52%) (20.76%) (2.46%) 1.30% 4.56% 6.45% 14.14%
ROIC
2.38% 0.33% (4.92%) (12.13%) (30.59%) 3.69% 10.53% 17.45% 21.84% 21.75%
Return on Tangible Assets
1.29% 9.16% (12.38%) (24.54%) (37.51%) (4.19%) 2.22% 9.76% 14.59% 29.42%
Average Days of Receivables
78.69 90.59 70.51 75.09 59.15 51.35 52.39 49.88 41.64 40.44
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
9.18% 9.57% 10.38% 10.49% 10.71% 12.00% 9.51% 8.98% 8.99% 9.48%
Intangible Assets out of Total Assets
0.14 0.15 0.15 0.15 0.02 0.02 0.02 0.02 0.02 0.02
Share Based Compensation of Revenue
0.65% 0.60% 0.61% 0.56% 0.47% 0.59% 0.50% 0.50% 0.48% 0.53%
Graham Net Nets
(0.12) (0.08) (0.14) (0.29) (0.40) (0.23) (0.12) (0.14) (0.09) (0.03)
Graham Number
9.51 25.31 0.00 0.00 0.00 0.00 5.54 11.60 15.19 29.09
Earnings Yield
0.90% 7.75% (17.85%) (23.68%) (63.02%) (4.33%) 1.54% 4.60% 5.52% 14.57%
Free Cash Flow Yield
8.18% 2.05% (4.67%) 1.32% 9.87% 16.16% 2.74% 5.63% 3.65% 9.00%
Revenue per Share
23.17 19.56 19.39 20.71 18.42 18.75 20.62 24.08 26.30 27.78
Operating CF per Share
3.46 1.39 0.37 1.59 1.38 2.26 1.21 2.09 2.01 3.18
Capex per Share
(1.11) (0.94) (0.94) (1.40) (0.59) (0.43) (0.74) (0.92) (1.06) (1.02)
Free Cash Flow per Share
2.35 0.45 (0.57) 0.20 0.78 1.83 0.46 1.16 0.95 2.16
Cash per Share
4.59 4.38 3.60 3.78 4.56 5.40 5.68 4.58 4.92 6.87
Shareholders Equity per Share
15.47 16.94 14.37 10.88 5.62 5.13 5.25 6.30 7.12 10.74
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
15.47 16.94 14.37 10.88 5.62 5.13 5.25 6.30 7.12 10.74
Free Cash Flow
230.46 43.74 (55.66) 19.39 77.85 182.22 46.31 117.08 96.30 216.73
Working Capital
754.23 751.61 750.15 643.48 733.15 686.84 728.65 573.18 590.96 750.67
Capital Expenditures
(108.97) (92.74) (92.23) (138.17) (58.80) (43.10) (74.57) (92.88) (106.92) (102.14)
Net Current Asset Value
(351.08) (172.03) (164.81) (420.82) (317.42) (263.83) (208.82) (299.26) (228.13) (78.19)
EV/EBIT
44.65 233.84 0.00 0.00 0.00 32.93 16.65 12.28 11.19 7.68
Capex to Sales
0.05 0.05 0.05 0.07 0.03 0.02 0.04 0.04 0.04 0.04
Price to Operating Income
39.80 199.87 0.00 0.00 0.00 28.33 15.27 11.47 10.72 7.91
Other line items
Depreciation/Fixed assets
0.22 0.20 0.30 0.34 0.89 0.29 0.28 0.25 0.25 0.23
Cash ROIC
8.35% 1.51% (2.18%) 0.86% 4.29% 10.41% 2.58% 7.44% 5.66% 9.62%
Accounts Receivable Turnover
4.12 3.98 4.52 5.18 5.09 6.69 7.39 7.72 8.38 9.10
Accounts Payable Turnover
20.34 21.17 18.92 15.69 13.86 14.83 13.01 13.32 12.89 12.44
Inventory Turnover
6.55 6.97 8.69 10.56 10.53 10.89 10.40 10.28 10.06 10.44
Average Days of Payables
14.21 18.08 21.04 27.32 20.67 27.82 30.72 28.12 30.45 28.78
Days of Inventory on Hand
51.32 45.50 39.88 32.71 30.98 34.94 38.27 37.80 37.39 33.21
Average Receivables
551.27 483.33 422.89 395.12 358.79 279.59 279.76 313.94 317.45 306.04
Average Payables
97.94 81.57 94.09 124.28 120.07 108.27 135.17 152.04 168.78 178.11
Average Inventory
304.29 247.71 204.89 184.63 157.99 147.46 169.03 197.09 216.32 212.22
Average Assets
3,279.93 3,077.13 2,924.47 2,782.83 2,393.25 2,004.35 1,997.27 2,135.34 2,287.68 2,501.80
Average Common Equity
1,547.69 1,590.58 1,539.91 1,245.35 816.78 534.59 518.41 579.94 677.20 898.49

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