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

Oceaneering International, Inc. (OII) Debt to equity

Alert me on Debt to equity

Oceaneering International, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.4×, down 0.1× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2025) to 1.4× (fiscal 2020) — the current reading is the lowest in ten years. That is below the Oil & Gas Equipment & Services industry median of 0.4× and below the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (32.35%)
FY2024 0.7× (11.06%)
FY2023 0.8× (43.56%)
FY2022 1.3× (2.96%)
FY2021 1.4× (4.78%)
FY2020 1.4× 94.78%
FY2019 0.7× 33.27%
FY2018 0.6× 16.76%
FY2017 0.5× (8.97%)
FY2016 0.5× 3.73%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.4× (4.51%)
Jun 2026 0.4× (4.53%)
Mar 2026 0.4× (2.96%)
Dec 2025 0.5× (14.89%)
43 more quarters

Against its own ten years

Low 0.5× High 1.4×
Ten-year median 0.7×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
EROK EagleRock Land LLC compare 0.0×
WHD Cactus, Inc. compare 0.0×
OII Oceaneering International, Inc. 0.4×
TDW Tidewater Inc. compare 0.5×
WBI WaterBridge Infrastructure LLC compare 1.0×
KGS Kodiak Gas Services, Inc. compare 1.3×
AROC Archrock, Inc. compare 1.5×
SEI Solaris Energy Infrastructure, Inc. compare 2.2×
USAC USA Compression Partners, LP compare 11.6×
Oil & Gas Equipment & Services industry median 0.4×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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