Oil States International, Inc.

OIS Energy Oil & Gas Equipment & Services

Oil States International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $669.0 million, down 3.41% from fiscal 2024. In the quarter to June 2026, revenue fell 5.29%, EPS grew 100.0%, free cash flow fell 125.0% and total debt fell 83.4%, each against the same quarter a year earlier.

8.12 0.18 +2.27%
Market cap
$479.0M
P/E
0.0×
Fwd P/E
18.5×
Dividend yield
—
F-score
5/9
Altman Z
1.73
Beneish M
−3.65
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.59
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 — — 1 — — — — — — —
Insider Ownership 5.30%

Capital & Financial Ratios $m

Market Cap 478.96
Revenue 645.67
Net Income (108.33)
Free Cash Flow 69.47
Net Debt (1.37)
Current Ratio 2.35 (at or above 1.5: strong)
Debt/Equity 0.03 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 18.50
P/S ratio 0.74
P/B ratio 0.82
Past 5Y EPS Growth —
This Y EPS Growth 51.35% (at or above 15%: strong)
Next Y EPS Growth 26.79% (at or above 15%: strong)
Next Y revenue growth (3.88%) (below 0%: weak)
Next 5Y EPS Growth 38.83% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 53.08%
10-year low 10-year high
P/B against its own 10 years 65.98%
10-year low 10-year high
EV/Sales against its own 10 years 35.02%
10-year low 10-year high
EV/FCF against its own 10 years 25.88%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 47 65 70 20
Receivables 203 194 202 197
Inventory 202 215 183 210
Other — 6 17 19
488 498 495 465
2023 2024 2025 Q'26
Payables 68 58 68 69
ST’ Debt 1 1 53 1
Other — — — —
157 158 266 198

Compound Annual Growth %

10y 5y 3y
Sales (4.85%) 0.95% (3.21%)
Cash Flow (8.52%) (4.56%) 47.34%
Earnings 0.00% 0.00% 0.00%
Book Value (7.54%) (5.43%) (5.98%)

Revenue $m

Mar Jun Sep Dec Year
’26 145 157 — — —
’25 160 165 165 178 669
’24 167 186 174 165 693
’23 196 184 194 208 782
’22 164 182 189 202 738
’21 126 146 141 161 573
’20 220 146 135 137 638
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (6) — — —
’25 9 15 31 50 105
’24 (11) 10 29 18 46
’23 (6) 45 14 4 57
’22 (11) 1 29 14 33
’21 (8) 22 7 (13) 7
’20 5 39 87 2 133
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (5) (2) — — —
’25 9 8 23 54 94
’24 (19) 15 24 29 49
’23 (12) 34 11 (2) 31
’22 (13) (2) 23 11 18
’21 (11) 21 6 (15) 1
’20 4 37 88 1 130
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.02 0.10 — — —
’25 0.05 0.05 0.03 (2.04) (1.86)
’24 (0.21) 0.02 (0.23) 0.24 (0.18)
’23 0.03 0.01 0.07 0.09 0.20
’22 (0.16) (0.08) 0.03 0.05 (0.15)
’21 (0.26) (0.25) (0.22) (0.33) (1.06)
’20 (6.79) (0.41) (0.33) (0.31) (7.83)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 21.44 20.23 13.20 11.73 1.52 4.42 3.51 6.25 3.91 3.08

Analyst estimates 2026–2028

Powerpack
High 41.75 41.25 38.95 21.27 16.91 9.49 9.02 10.47 6.95 7.19
People
People Employees 2,821 3,077 3,926 3,428 2,338 2,373 2,738 2,752 2,439 2,172
Revenue/emp, $m 0.25 0.22 0.28 0.30 0.27 0.24 0.27 0.28 0.28 0.31
Income, $m
Income, $m Revenue 694 671 1,088 1,017 638 573 738 782 693 669
Gross margin, % 24.15 22.35 23.31 21.11 11.95 17.93 21.57 22.42 22.58 19.92
EBT (73) (77) (22) (241) (534) (73) (4) 16 (8) (103)
EBT margin, % (10.56) (11.54) (2.00) (23.66) (83.74) (12.79) (0.55) 2.02 (1.13) (15.33)
Net income (46) (85) (19) (232) (468) (64) (10) 13 (11) (109)
Depreciation 120 109 131 131 106 83 69 63 56 49
Per share, $
Per share, $ Revenue 13.84 13.38 18.53 17.13 10.67 9.51 11.97 12.48 11.17 11.40
Earnings (0.92) (1.69) (0.33) (3.90) (7.83) (1.06) (0.15) 0.20 (0.18) (1.86)
Cash flow 2.97 1.90 1.76 2.31 2.22 0.12 0.53 0.90 0.74 1.79
Capex (0.56) (0.66) (1.44) (0.84) (0.05) (0.10) (0.23) (0.41) 0.05 (0.19)
Free cash flow 2.41 1.24 0.32 1.47 2.17 0.02 0.30 0.50 0.79 1.60
Book value 24.00 22.59 24.52 20.61 12.67 11.54 11.19 11.32 10.98 9.77
Shares, m 50 50 59 59 60 60 62 63 62 59
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33.55 0.00 0.00
P/S 2.86 2.19 0.77 0.95 0.47 0.52 0.59 0.54 0.45 0.59
P/B 1.65 1.30 0.58 0.79 0.40 0.43 0.63 0.59 0.46 0.69
EV/Sales 2.83 2.12 1.06 1.19 0.65 0.74 0.74 0.65 0.54 0.57
EV/FCF 16.24 22.79 61.20 13.83 3.18 353.45 29.63 16.35 7.62 4.06
Cash, $m
Cash, $m Operating cash flow 149 95 103 137 133 7 33 57 46 105
Capex (28) (33) (84) (50) (3) (6) (14) (25) 3 (11)
Free cash flow 121 62 19 87 130 1 18 31 49 94
Balance, $m
Balance, $m Working capital 383 341 353 300 261 249 269 331 341 229
Total debt 46 5 332 248 184 179 153 136 125 55
Net debt (23) (48) 312 240 112 126 111 89 60 (15)
Shareholders’ equity 1,204 1,133 1,440 1,224 758 696 690 710 681 573
Returns, %
Returns, % ROA (3.11) (6.32) (1.16) (12.42) (32.53) (5.72) (0.89) 1.22 (1.10) (11.58)
ROIC (3.67) (4.26) (0.21) (9.74) (38.42) (4.93) 0.23 1.81 (0.14) (10.97)
ROE (3.77) (7.26) (1.49) (17.40) (47.27) (8.81) (1.38) 1.84 (1.62) (17.45)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Oil States 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
PUMP ProPetro Holding Corp. $975.2M — (loss-making) — (loss-making) −6.24% (below 0%: shrinking) n/m −57.23% (below 0%: shrinking) 23.48% (1.04%) Compare
FTK Flotek Industries, Inc. $895.7M 22.5× 40.7× +70.29% (above 0%: growing) +460.00% (above 0%: growing) −31.76% (below 0%: shrinking) 23.93% 14.98% Compare
FET Forum Energy Technologies, Inc. $884.7M — (loss-making) 27.5× +13.24% (above 0%: growing) +77.42% (above 0%: growing) −35.07% (below 0%: shrinking) 31.54% 9.07% Compare
ACDC ProFrac Holding Corp. $750.4M — (loss-making) — (loss-making) −0.76% (below 0%: shrinking) n/m −114.52% (below 0%: shrinking) 22.08% (7.61%) Compare
OIS Oil States International, Inc. $479.0M — (loss-making) 18.5× −5.29% (below 0%: shrinking) +100.00% (above 0%: growing) −124.96% (below 0%: shrinking) 24.71% 7.48%
CLB Core Laboratories Inc. $448.8M 19.2× 28.1× −4.26% (below 0%: shrinking) −43.48% (below 0%: shrinking) −65.67% (below 0%: shrinking) 18.65% 7.34% Compare
NGS Natural Gas Services Group, Inc. $399.3M 19.1× 19.4× +24.21% (above 0%: growing) −28.57% (below 0%: shrinking) +144.88% (above 0%: growing) 59.94% 19.30% Compare
RNGR Ranger Energy Services, Inc. $337.9M 23.6× 9.2× +25.53% (above 0%: growing) −12.12% (below 0%: shrinking) +33.55% (above 0%: growing) 19.15% 6.69% Compare
SND Smart Sand $214.5M 18.8× 10.4× +34.14% (above 0%: growing) −52.73% (below 0%: shrinking) +80.86% (above 0%: growing) 17.23% 8.74% Compare
Median of peers $599.6M 19.2× 23.5× +18.73% −20.35% −33.41% 22.78% 8.04%

All 46 Oil & Gas Equipment & Services stocks →

Oil States International, Inc. (OIS) key facts

  • Concern: Oil States International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $669.0 million, down 3.41% from fiscal 2024.
  • Oil States International, Inc. (OIS) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, OIS traded at $8.12, a market capitalization of $479.0 million.
  • Return on equity was −17.5% and debt-to-equity 0.03.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.73 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Oil States International, Inc. (OIS) Latest News

2 Nov

Impact 4 · transcript
stockrow.com/OIS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com