Oceaneering International, Inc. (OII) vs Tidewater Inc. (TDW)

Oceaneering International, Inc. and Tidewater Inc. are both Oil & Gas Equipment & Services companies. Oceaneering International, Inc. and Tidewater Inc. are of similar size ($3.4B and $3.4B). Oceaneering International, Inc. trades at the lower P/E: 10.4× against 13.9×. Oceaneering International, Inc. grew revenue faster over the last twelve months: 2.99% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 11.4%) and the lower return on invested capital (10.9% vs 19.3%). Across the 21 metrics below, Oceaneering International, Inc. leads on 13 and Tidewater Inc. on 8.

Valuation

Metric OII TDW Oil & Gas Equipment & Services median
P/E 10.39 13.92 20.53
P/S 1.17 2.56 1.08
P/B 2.77 2.48 1.64
Price to free cash flow 11.76 12.54 12.36
EV/EBITDA 8.00 6.73 8.00
EV/Sales 1.13 2.59 1.29
Earnings yield 9.63% 7.18% 3.88%
Free cash flow yield 8.50% 7.98% 5.18%

Profitability

Metric OII TDW Oil & Gas Equipment & Services median
Gross margin 19.94% 48.09% 22.88%
Operating margin 10.42% 18.43% 7.44%
Net margin 11.37% 18.34% 4.12%
Free cash flow margin 9.92% 20.42% 3.10%
Return on equity 30.96% 19.56% 5.46%
Return on assets 12.47% 11.12% 2.63%
Return on invested capital 19.29% 10.86% 4.26%

Growth

Metric OII TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.99% (1.02%) 4.65%
EPS growth (last fiscal year) 142.36% 95.29% (13.00%)
Revenue growth, 5-year CAGR 8.78% 27.78% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OII TDW Oil & Gas Equipment & Services median
Debt to equity 0.40 0.47 0.44
Current ratio 2.20 3.58 2.04
Net debt to EBITDA (0.50) 0.14 1.12

Dividend

Metric OII TDW Oil & Gas Equipment & Services median
Dividend yield — — 1.49%
Payout ratio — — 0.36

Size

Metric OII TDW Oil & Gas Equipment & Services median
Market cap 3.38b 3.44b 1.44b

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