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 ($4.7B and $4.3B). Oceaneering International, Inc. trades at the lower P/E: 13.3× against 17.0×. Oceaneering International, Inc. grew revenue faster over the last twelve months: 3.84% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 12.2%) and the lower return on invested capital (10.9% vs 18.1%). Across the 21 metrics below, Oceaneering International, Inc. leads on 11 and Tidewater Inc. on 10.

Valuation

Metric OII TDW Oil & Gas Equipment & Services median
P/E 13.29 17.02 24.78
P/S 1.61 3.13 1.28
P/B 3.95 3.04 1.85
Price to free cash flow 19.86 15.33 15.03
EV/EBITDA 11.37 8.22 8.93
EV/Sales 1.60 3.16 1.40
Earnings yield 7.52% 5.88% 3.12%
Free cash flow yield 5.03% 6.52% 5.01%

Profitability

Metric OII TDW Oil & Gas Equipment & Services median
Gross margin 19.82% 48.09% 23.27%
Operating margin 10.37% 18.43% 9.34%
Net margin 12.19% 18.34% 4.69%
Free cash flow margin 8.08% 20.42% 5.05%
Return on equity 34.71% 19.56% 4.92%
Return on assets 13.96% 11.12% 2.37%
Return on invested capital 18.09% 10.86% 4.32%

Growth

Metric OII TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.84% (1.02%) 6.08%
EPS growth (last fiscal year) 142.36% 95.29% —
Revenue growth, 5-year CAGR 8.78% 27.78% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OII TDW Oil & Gas Equipment & Services median
Debt to equity 0.42 0.47 0.46
Current ratio 2.18 3.58 2.11
Net debt to EBITDA (0.50) 0.14 0.76

Dividend

Metric OII TDW Oil & Gas Equipment & Services median
Dividend yield — 0.17% 2.12%
Payout ratio 0.00 0.00 0.00

Size

Metric OII TDW Oil & Gas Equipment & Services median
Market cap 4.66b 4.32b 1.81b

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