Saturday 17 October 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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 |
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| 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.
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% |
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.
Oil States International, Inc. (OIS) Latest News
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