Oceaneering International, Inc. (OII) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.45	$0.63	+40.0%	—	—	—
Q4 26	$0.33	$0.3	-9.1%	—	—	—
Q3 26	$0.31	$0.45	+45.2%	—	—	—
Q2 26	$0.43	$0.55	+27.9%	—	—	—
Q1 26	$0.4	$0.49	+22.5%	—	—	—
Q4 25	$0.31	$0.43	+38.7%	—	—	—
Q3 25	$0.41	$0.37	-9.8%	—	—	—
Q2 25	$0.43	$0.36	-16.3%	—	—	—
Q1 25	$0.31	$0.28	-9.7%	—	—	—
Q4 24	$0.08	$0.14	+75.0%	—	—	—
Q3 24	$0.26	$0.19	-26.9%	—	—	—
Q2 24	$0.32	$0.38	+18.8%	—	—	—
Q1 24	$0.29	$0.18	-37.9%	—	—	—
Q4 23	$0.08	$0.05	-37.5%	—	—	—
Q3 23	$0.19	$0.06	-68.4%	—	—	—
Q2 23	$0.11	$0.23	+109.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.56	—	—	$2.8B	—
FY24	—	$1.46	—	—	$2.7B	—
FY23	—	$0.97	—	—	$2.4B	—
FY22	—	$0.26	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.3B	$1.9B	$1.9B	$2B	$1.8B	$1.9B	$2.1B	$2.4B	$2.7B	$2.8B
YoY change	-25.8%	-15.4%	-0.63%	+7.26%	-10.8%	+2.26%	+10.5%	+17.4%	+9.75%	+4.62%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.3B	1.9B	1.9B	2B	1.8B	1.9B	2.1B	2.4B	2.7B	2.8B
Cost of revenue	2B	1.7B	1.8B	1.9B	1.7B	1.6B	1.8B	2B	2.2B	2.2B
Gross profit	279.2M	194.6M	129.2M	98.2M	163.9M	264.1M	307.4M	399M	485.5M	568.4M
Gross margin	12.3%	10.1%	6.77%	4.8%	8.97%	14.1%	14.9%	16.5%	18.2%	20.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	208.5M	184M	198.3M	214.9M	195.7M	224.3M	196.5M	217.6M	239.2M	263.9M
Operating expenses	208.5M	184M	198.3M	214.9M	195.7M	224.3M	196.5M	217.6M	239.2M	263.9M
Operating income	70.8M	10.7M	-69M	-116.6M	-31.8M	39.8M	110.9M	181.3M	246.3M	304.6M
Operating margin	3.12%	0.55%	-3.62%	-5.7%	-1.74%	2.13%	5.37%	7.48%	9.25%	10.9%
Non-operating income, net	-6M	-8M	-89M	-179.4M	-426.3M	-9.2M	696K	825K	4.4M	3.8M
Pretax income	43.3M	-17.8M	-185.8M	-330.8M	-498.9M	-5.7M	79.1M	161.1M	224.9M	285.9M
Income tax	18.8M	-184.2M	26.5M	17.6M	-2.1M	43.6M	53.1M	63.7M	77.4M	-67.9M
Net income	24.6M	166.4M	-212.3M	-348.4M	-496.8M	-49.3M	25.9M	97.4M	147.5M	353.8M
Net margin	1.08%	8.66%	-11.1%	-17%	-27.2%	-2.64%	1.26%	4.02%	5.54%	12.7%
EBITDA	318.9M	223.5M	221.9M	149.4M	488.2M	172.8M	238.2M	302.5M	366.3M	425.1M
EPS	0.25	1.69	-2.15	-3.52	-5	-0.49	0.26	0.97	1.46	3.56
Diluted EPS	0.25	1.68	-2.16	-3.52	-5.01	-0.49	0.26	0.95	1.44	3.49

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	635.2M	654.6M	599.1M	668.8M	679.8M	713.5M	674.5M	698.2M	742.9M	668.6M	692.4M	768.2M
Cost of revenue	520.5M	549M	506.7M	548.6M	548.8M	571.5M	539.5M	549.7M	590.2M	536.3M	565.2M	611.2M
Gross profit	114.7M	105.6M	92.4M	120.2M	131M	141.9M	135M	148.4M	152.7M	132.3M	127.3M	157M
Gross margin	18.1%	16.1%	15.4%	18%	19.3%	19.9%	20%	21.3%	20.6%	19.8%	18.4%	20.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	56.8M	58.2M	55.7M	59.8M	59.6M	64.1M	61.5M	69.2M	66.2M	66.9M	69.5M	68.7M
Operating expenses	56.8M	58.2M	55.7M	59.8M	59.6M	64.1M	61.5M	69.2M	66.2M	66.9M	69.5M	68.7M
Operating income	57.9M	47.5M	36.7M	60.4M	71.3M	77.9M	73.5M	79.2M	86.5M	65.4M	57.8M	88.2M
Operating margin	9.12%	7.25%	6.12%	9.03%	10.5%	10.9%	10.9%	11.3%	11.6%	9.78%	8.35%	11.5%
Non-operating income, net	1.5M	4M	1.6M	2.1M	3.5M	-2.7M	1.3M	5.7M	-924K	-2.3M	1.1M	1.4M
Pretax income	53.3M	46.6M	32.2M	55.3M	68.6M	68.8M	69.4M	78.4M	79.9M	58.2M	54.8M	86.1M
Income tax	23.5M	2.1M	17M	20.3M	27.4M	12.7M	19M	24M	8.6M	-119.5M	18.7M	22.5M
Net income	29.8M	44.5M	15.1M	35M	41.2M	56.1M	50.4M	54.4M	71.3M	177.7M	36.1M	63.6M
Net margin	4.69%	6.8%	2.53%	5.23%	6.07%	7.86%	7.47%	7.8%	9.6%	26.6%	5.21%	8.28%
EBITDA	88.7M	80M	68.4M	90.8M	103.3M	103.7M	102.9M	113.3M	115.4M	93.5M	91.1M	122M
EPS	0.3	0.44	0.15	0.34	0.41	0.56	0.5	0.54	0.71	1.79	0.36	0.65
Diluted EPS	0.29	0.43	0.15	0.34	0.4	0.55	0.49	0.54	0.71	1.76	0.36	0.65

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.8B	2.1B	1.2B	1.5B	789.5M	1.1B	1.8B	2.1B	2.6B	2.4B	4.6B
Enterprise value	3.1B	2.4B	1.6B	2.1B	1.3B	1.5B	2B	2.5B	3B	2.6B	4.8B
Shares outstanding	98.1M	98.3M	98.5M	98.9M	99.3M	99.8M	100.3M	100.8M	100.7M	99.4M	99.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	112.5	12.5	—	—	—	—	67.6	22	17.8	6.75	13.2
P/S	1.22	1.08	0.62	0.72	0.43	0.6	0.85	0.88	0.99	0.86	1.59
P/B	1.82	1.25	0.84	1.37	1.41	2.21	3.33	3.38	3.64	2.22	3.92
EV/EBITDA	9.75	10.9	7.27	13.8	2.66	8.43	8.59	8.37	8.12	6.03	11.7
EV/Sales	1.37	1.27	0.85	1.01	0.71	0.78	0.99	1.04	1.12	0.92	1.66
Earnings yield	0.89%	8.01%	—	—	—	—	1.48%	4.54%	5.62%	14.8%	7.55%
FCF yield	8.21%	2.06%	-6.11%	0.67%	9.62%	15.5%	2.27%	5.09%	3.66%	8.71%	5.21%
PEG	—	—	—	—	—	—	—	—	—	—	0.65

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	12.3%	10.1%	6.77%	4.8%	8.97%	14.1%	14.9%	16.5%	18.2%	20.4%	20.4%
Operating margin	3.12%	0.55%	-3.62%	-5.7%	-1.74%	2.13%	5.37%	7.48%	9.25%	10.9%	11.5%
Net margin	1.08%	8.66%	-11.1%	-17%	-27.2%	-2.64%	1.26%	4.02%	5.54%	12.7%	12.2%
ROE	1.62%	10%	-15%	-32.4%	-89%	-9.65%	4.93%	15.4%	20.5%	32.9%	34.6%
ROA	0.79%	5.5%	-7.52%	-12.7%	-24.3%	-2.51%	1.28%	4.35%	6.31%	13.3%	7.42%
ROIC	2.16%	0.53%	-3.76%	-6.99%	-2.98%	4.74%	4.44%	10.7%	15.1%	24.3%	22%
Return on tangible assets	1.19%	8.57%	-11.5%	-18.5%	-25.5%	-2.64%	1.34%	4.58%	6.79%	14.1%	13.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.48	2.72	2.52	2.07	2.68	2.37	2.28	1.78	1.74	1.99	2.18
Quick ratio	1.93	2.23	2.12	1.78	2.35	2.06	1.96	1.5	1.46	1.72	1.9
Debt / equity	0.52	0.48	0.56	0.91	1.74	1.71	1.65	1.34	1.18	0.81	0.7
Debt / assets	0.25	0.26	0.28	0.36	0.47	0.44	0.43	0.38	0.36	0.33	0.31
Net debt / EBITDA	1.08	1.62	1.9	3.97	1.04	1.9	1.23	1.28	0.95	0.42	0.44
Interest coverage	2.71	0.36	-3.92	-6.75	-10.4	0.85	3.07	5.41	6.93	8.73	8.75
Effective tax rate	43.3%	0%	0%	0%	0%	0%	67.2%	39.5%	34.4%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	23.2	19.6	19.4	20.7	18.4	18.7	20.6	24.1	26.4	28	28.8
EPS (basic)	0.25	1.69	-2.15	-3.52	-5	-0.49	0.26	0.97	1.46	3.56	3.56
EPS (diluted)	0.25	1.68	-2.16	-3.52	-5.01	-0.49	0.26	0.95	1.44	3.49	3.46
Book value per share	15.5	16.9	14.4	10.9	5.62	5.12	5.24	6.29	7.16	10.8	11.7
FCF per share	2.32	0.44	-0.74	0.1	0.76	1.75	0.4	1.08	0.95	2.09	2.22
Cash per share	4.59	4.38	3.7	3.88	4.65	5.46	5.74	4.58	5.01	7	6.39
Capex per share	1.11	0.94	0.94	1.4	0.59	0.43	0.74	0.92	1.06	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.8%	4.83%	4.83%	6.75%	3.22%	2.31%	3.61%	3.83%	4.02%	—	—
Capex / operating cash flow	30.1%	129.8%	108.6%	-3.5K%	102%	22.1%	61.1%	44%	52.7%	—	—
Payout ratio	382.9%	26.6%	0%	0%	—	—	—	—	—	—	0%
Dividend yield	3.4%	2.13%	0%	0%	—	—	—	—	—	—	1.31%

Yield

1.31%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.15

ex-dividend Aug 23, 2017

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 23, 2017	$0.15
May 24, 2017	$0.15
Feb 22, 2017	$0.15
Nov 22, 2016	$0.15
Aug 24, 2016	$0.27
May 25, 2016	$0.27
Feb 24, 2016	$0.27
Nov 24, 2015	$0.27

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$635.2M	$654.6M	$599.1M	$668.8M	$679.8M	$713.5M	$674.5M	$698.2M	$742.9M	$668.6M	$692.4M	$768.2M
YoY change	+13.5%	+22.1%	+11.6%	+11.9%	+7.03%	+8.99%	+12.6%	+4.39%	+9.28%	-6.29%	+2.65%	+10%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	450.2M	430.3M	364.4M	383.8M	462.2M	544.5M	575.1M	461.6M	504.5M	695.9M
Receivables	489.7M	476.9M	368.9M	421.4M	296.2M	263M	296.6M	331.3M	303.6M	308.5M
Inventory	280.1M	215.3M	194.5M	174.7M	141.2M	153.7M	184.4M	209.8M	222.8M	201.6M
Total current assets	1.3B	1.2B	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.4B	1.5B
Property, plant & equipment	-1.6B	-1.8B	964.7M	939.8M	732.3M	635.7M	578.1M	761.8M	754.8M	801.4M
Goodwill & intangibles	1.1B	1.1B	986.2M	861.7M	98.7M	95.1M	91.7M	110.8M	165.4M	162.7M
Total assets	3.1B	3B	2.8B	2.7B	2B	2B	2B	2.2B	2.3B	2.7B
Accounts payable	77.6M	85.5M	102.6M	145.9M	94.2M	122.3M	148M	156.1M	181.5M	174.7M
Short-term debt	—	—	—	19.9M	18.8M	18.8M	19.6M	78.1M	131.4M	128.5M
Total current liabilities	508.4M	435.8M	494.7M	601M	437.1M	501.2M	568.4M	732.5M	796.9M	761.7M
Long-term debt	793.1M	792.3M	786.6M	957.5M	950.5M	854M	848.4M	770.5M	720.3M	744.7M
Total liabilities	1.6B	1.4B	1.4B	1.7B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B
Shareholders' equity	1.5B	1.7B	1.4B	1.1B	558.2M	511M	525.8M	634.1M	720.3M	1.1B
Total debt	793.1M	792.3M	786.6M	977.4M	969.3M	872.8M	868M	848.7M	851.7M	873.1M
Net debt	342.9M	362M	432.3M	603.7M	517.2M	334.7M	299.3M	387.1M	354.2M	184.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	556.4M	461.6M	354.7M	382.9M	458.9M	504.5M	389M	441M	513M	695.9M	614.5M	636.5M
Receivables	391.7M	331.3M	384.1M	405.1M	378.4M	303.6M	371.7M	389.4M	405.9M	308.5M	371.8M	414.4M
Inventory	208.2M	209.8M	216.9M	231.3M	241.6M	222.8M	220.8M	226.6M	218.1M	201.6M	208.2M	197.7M
Total current assets	1.5B	1.3B	1.2B	1.3B	1.4B	1.4B	1.3B	1.4B	1.5B	1.5B	1.5B	1.6B
Property, plant & equipment	718.8M	761.8M	821M	795.2M	787.7M	754.8M	745.7M	729.4M	820.8M	801.4M	768.5M	738.4M
Goodwill & intangibles	68M	110.8M	68M	68.1M	68.2M	165.4M	100.3M	102.8M	102.1M	162.7M	101.6M	101.6M
Total assets	2.3B	2.2B	2.2B	2.3B	2.4B	2.3B	2.3B	2.3B	2.5B	2.7B	2.6B	2.7B
Accounts payable	154.8M	156.1M	152.6M	172.7M	183.3M	181.5M	169.4M	161.6M	170.9M	174.7M	176.3M	151.3M
Short-term debt	190.6M	78.1M	108M	118.6M	127.7M	131.4M	131.4M	114.5M	127.4M	128.5M	128.8M	114.4M
Total current liabilities	800.5M	732.5M	703.4M	776.9M	800.1M	796.9M	706.4M	696.9M	763.9M	761.7M	729.2M	726.2M
Long-term debt	839M	770.5M	804.1M	774.7M	752.6M	720.3M	701.5M	689.6M	772.5M	744.7M	720M	707.8M
Total liabilities	1.7B	1.6B	1.6B	1.6B	1.7B	1.6B	1.5B	1.5B	1.6B	1.6B	1.5B	1.5B
Shareholders' equity	572.3M	634.1M	629.1M	657.1M	704M	720.3M	779.1M	848.1M	913.7M	1.1B	1.1B	1.2B
Total debt	1B	848.7M	912.1M	893.2M	880.4M	851.7M	832.9M	804.1M	899.9M	873.1M	848.8M	822.2M
Net debt	473.2M	387.1M	557.4M	510.4M	428.5M	354.2M	450.9M	370.1M	393.9M	184.3M	241.4M	192.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	24.6M	166.4M	-212.3M	-348.4M	-496.8M	-49.3M	25.9M	97.4M	147.5M	353.8M
Depreciation & amortization	250.2M	213.5M	293.6M	263.4M	528.9M	139.7M	121M	105M	103.4M	102.3M
Stock-based compensation	14.7M	11.5M	11.6M	11.4M	8.7M	11M	10.4M	12.1M	12.8M	14.8M
Change in working capital	57.9M	-96.5M	-31.5M	66.8M	12.2M	99.7M	-34.6M	21M	-51M	-23.8M
Operating cash flow	362.2M	71.5M	84.9M	-4M	57.6M	195M	122M	211M	202.7M	318.9M
Capital expenditure	-109M	-92.7M	-92.2M	-138.2M	-58.8M	-43.1M	-74.6M	-92.9M	-106.9M	—
Investing cash flow	-175.9M	-114.6M	-101.2M	-138.2M	-58.8M	-37.5M	-77.6M	-88.9M	-127.4M	3.9M
Dividends paid	-94.1M	-44.2M	0	0	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	-20M	-40.3M
Financing cash flow	-96.1M	-45.9M	-5.6M	-2.3M	-1.7M	-201.7M	-1.9M	-627.3M	-27M	-45.6M
Net change in cash	90.2M	-89M	-21.9M	-144.4M	-2.9M	-44.1M	42.5M	-505.2M	48.3M	277.2M
Free cash flow	227M	42.8M	-72.9M	9.9M	76M	175.1M	39.8M	109.2M	96.1M	207.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	29.8M	44.5M	15.1M	35M	41.2M	56.1M	50.4M	54.4M	71.3M	177.7M	36.1M	63.6M
Depreciation & amortization	25.6M	25.5M	27.1M	26M	25.3M	25.1M	24.4M	25.4M	26.1M	26.3M	27.2M	27.4M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	17.8M	105.3M	-114.6M	-10.1M	18M	55.7M	-170M	-8.3M	4.1M	150.5M	-131.6M	-56M
Operating cash flow	79.6M	141.8M	-69.7M	52.7M	88.9M	118M	-90.9M	73M	101.3M	221.1M	-59.1M	55.2M
Capital expenditure	-25.9M	-26.2M	-25.5M	-22.9M	-24.7M	-33.9M	-25.6M	-30.8M	—	—	—	—
Investing cash flow	-25.9M	-29.8M	-24.6M	-21.8M	-24.3M	-33.8M	-24.3M	-29.7M	-351K	1.9M	2M	-1.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	-10M	-10.1M	-10M	-10.1M	-10.1M	-10.1M	0	-10.1M
Financing cash flow	204K	168K	-7.5M	454K	-10.1M	-9.8M	-15.6M	-10M	-10.1M	-9.9M	-8.8M	-9.9M
Net change in cash	53.9M	112.2M	-101.8M	31.3M	54.5M	74.4M	-130.8M	33.3M	90.8M	213.2M	-65.9M	43.8M
Free cash flow	53.7M	118.8M	-95.2M	29.8M	67M	94.5M	-106.8M	46.9M	77M	190.7M	-76.5M	32M

Jun 13, 2011	2:1
Jun 19, 2006	2:1

Oceaneering International, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement