NYSE : OII
Oceaneering International, Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 41.57 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.13B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Oceaneering International, Inc. (OII) reported revenue of 2.91B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.91B | 2.78B | 2.66B | 2.42B | 2.07B | 1.87B |
| Cost of Revenue | 2.33B | 2.22B | 2.18B | 2.03B | 1.76B | 1.61B |
| Gross Profit | 581.08M | 568.44M | 485.49M | 398.97M | 307.38M | 264.06M |
| Selling, General & Admin | 277.52M | 263.89M | 239.22M | 217.64M | 196.51M | 224.27M |
| Operating Expenses | 277.52M | 263.89M | 239.22M | 217.64M | 196.51M | 224.27M |
| Operating Income | 303.56M | 304.55M | 246.27M | 181.33M | 110.86M | 39.80M |
| Interest Expense | -35.37M | -36.98M | -37.92M | -36.52M | -38.22M | -38.81M |
| Interest & Investment Income | 19.87M | 14.48M | 12.12M | 15.43M | 5.71M | 2.48M |
| Earnings From Equity Investments | 2.12M | 1.05M | 929.00K | 2.06M | 1.71M | 594.00K |
| Currency Exchange Gain (Loss) | -3.00M | 2.80M | 900.00K | -1.40M | -8.40M | |
| Other Non Operating Income (Expenses) | 22.00K | -4.00K | 2.61M | 164.00K | -1.01M | -1.37M |
| EBT Excluding Unusual Items | 287.21M | 285.90M | 224.92M | 161.06M | 79.05M | -5.71M |
| Other Unusual Items | -19.03M | |||||
| Pretax Income | 268.18M | 285.90M | 224.92M | 161.06M | 79.05M | -5.71M |
| Income Tax Expense | -61.73M | -67.86M | 77.45M | 63.65M | 53.11M | 43.60M |
| Net Income | 331.39M | 353.76M | 147.47M | 97.40M | 25.94M | -49.31M |
| Net Income to Common | 331.39M | 353.76M | 147.47M | 97.40M | 25.94M | -49.31M |
| Shares Outstanding (Basic) | 99.57M | 100.22M | 101.18M | 100.70M | 100.19M | 99.71M |
| Shares Outstanding (Diluted) | 100.71M | 101.26M | 102.37M | 102.16M | 101.45M | 99.71M |
| EPS (Basic) | 3.33 | 3.53 | 1.46 | 0.97 | 0.26 | -0.49 |
| EPS (Diluted) | 3.29 | 3.49 | 1.44 | 0.95 | 0.26 | -0.49 |
| Free Cash Flow | 288.11M | 207.85M | 96.08M | 109.23M | 39.84M | 175.12M |
| Free Cash Flow Per Share | 2.86 | 2.05 | 0.94 | 1.07 | 0.39 | 1.76 |
| Gross Margin | 19.94% | 20.42% | 18.24% | 16.45% | 14.88% | 14.13% |
| Operating Margin | 10.42% | 10.94% | 9.25% | 7.48% | 5.37% | 2.13% |
| Profit Margin | 11.37% | 12.71% | 5.54% | 4.02% | 1.26% | -2.64% |
| Free Cash Flow Margin | 9.89% | 7.46% | 3.61% | 4.50% | 1.93% | 9.37% |
| EBITDA | 411.02M | 406.81M | 349.71M | 286.29M | 231.83M | 179.52M |
| EBITDA Margin | 14.11% | 14.61% | 13.14% | 11.81% | 11.22% | 9.60% |
| D&A For EBITDA | 107.46M | 102.25M | 103.44M | 104.96M | 120.97M | 139.72M |
| EBIT | 303.56M | 304.55M | 246.27M | 181.33M | 110.86M | 39.80M |
| EBIT Margin | 10.42% | 10.94% | 9.25% | 7.48% | 5.37% | 2.13% |
| Effective Tax Rate | 34.43% | 39.52% | 67.18% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 734.94M | 688.87M | 497.52M | 461.57M | 568.75M | 538.11M |
| Short-Term Investments | 7.00M | 7.00M | 7.00M | 6.37M | 6.42M | |
| Cash & Short-Term Investments | 741.94M | 695.87M | 504.52M | 461.57M | 575.11M | 544.53M |
| Receivables | 664.35M | 525.30M | 578.86M | 565.83M | 481.40M | 427.81M |
| Inventory | 177.34M | 201.59M | 222.85M | 209.80M | 184.38M | 153.68M |
| Prepaid Expenses | 99.04M | 89.64M | 81.67M | 68.46M | 56.17M | 61.98M |
| Total Current Assets | 1.69B | 1.51B | 1.39B | 1.31B | 1.30B | 1.19B |
| Property, Plant & Equipment | 708.03M | 801.44M | 754.82M | 761.85M | 578.06M | 635.69M |
| Long-Term Investments | 13.48M | 14.44M | 30.45M | 30.05M | 30.50M | |
| Goodwill | 50.93M | 51.02M | 49.35M | 34.21M | 34.34M | 34.91M |
| Other Intangible Assets | 30.35M | 33.33M | 21.18M | 11.52M | 12.64M | |
| Long-Term Deferred Tax Assets | 167.72M | 173.13M | 31.90M | 26.02M | ||
| Other Long-Term Assets | 157.56M | 85.42M | 64.61M | 59.63M | 80.66M | 61.11M |
| Total Assets | 2.78B | 2.67B | 2.34B | 2.24B | 2.03B | 1.96B |
| Accounts Payable | 166.66M | 174.72M | 181.50M | 156.06M | 148.02M | 122.33M |
| Accrued Expenses | 318.58M | 299.69M | 294.22M | 277.67M | 242.90M | 236.05M |
| Current Portion of Leases | 99.55M | 128.45M | 131.41M | 78.12M | 19.58M | 18.78M |
| Current Income Taxes Payable | 49.75M | 43.83M | 49.10M | 55.99M | 44.97M | 35.83M |
| Current Unearned Revenue | 135.30M | 115.03M | 140.70M | 164.63M | 112.95M | 88.17M |
| Total Current Liabilities | 769.85M | 761.73M | 796.94M | 732.48M | 568.41M | 501.16M |
| Long-Term Debt | 491.42M | 487.42M | 482.01M | 477.06M | 700.97M | 702.07M |
| Long-Term Leases | 204.62M | 257.27M | 238.32M | 293.48M | 151.84M | 158.50M |
| Pension & Post-Retirement Benefits | 37.99M | 33.94M | 35.68M | 29.64M | 35.20M | |
| Long-Term Deferred Tax Liabilities | 373.00K | 2.49M | 1.03M | 2.23M | 1.38M | |
| Other Long-Term Liabilities | 82.68M | 45.82M | 62.33M | 65.19M | 52.79M | 53.53M |
| Total Liabilities | 1.55B | 1.59B | 1.62B | 1.60B | 1.51B | 1.45B |
| Common Stock | 27.71M | 27.71M | 27.71M | 27.71M | 27.71M | 27.71M |
| Additional Paid-In Capital | 66.19M | 80.45M | 98.62M | 131.77M | 155.86M | 173.61M |
| Retained Earnings | 2.08B | 1.93B | 1.57B | 1.43B | 1.33B | 1.30B |
| Treasury Stock | -561.61M | -567.98M | -555.35M | -574.38M | -605.55M | -631.81M |
| Comprehensive Income & Other | -390.21M | -396.07M | -429.45M | -382.34M | -386.13M | -366.46M |
| Total Common Equity | 1.22B | 1.07B | 714.26M | 628.02M | 519.74M | 504.96M |
| Minority Interest | 4.57M | 6.06M | 6.06M | 6.06M | 6.06M | 6.06M |
| Shareholders' Equity | 1.23B | 1.08B | 720.32M | 634.08M | 525.80M | 511.02M |
| Total Liabilities & Equity | 2.78B | 2.67B | 2.34B | 2.24B | 2.03B | 1.96B |
| Total Debt | 795.59M | 873.14M | 851.75M | 848.66M | 872.39M | 879.35M |
| Net Cash (Debt) | -53.65M | -177.26M | -347.23M | -387.09M | -297.28M | -334.82M |
| Net Cash Per Share | -0.53 | -1.75 | -3.39 | -3.79 | -2.93 | -3.36 |
| Filing Date Shares Outstanding | 99.43M | 99.39M | 100.66M | 100.81M | 100.15M | 99.65M |
| Total Common Shares Outstanding | 99.43M | 99.36M | 100.66M | 100.80M | 100.26M | 99.80M |
| Working Capital | 921.36M | 750.67M | 590.96M | 573.18M | 728.65M | 686.84M |
| Book Value Per Share | 12.29 | 10.77 | 7.10 | 6.23 | 5.18 | 5.06 |
| Tangible Book Value | 1.17B | 989.23M | 631.58M | 572.62M | 473.88M | 457.41M |
| Tangible Book Value Per Share | 11.78 | 9.96 | 6.27 | 5.68 | 4.73 | 4.58 |
| Order Backlog | 2.70B | 2.44B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 331.39M | 353.76M | 147.47M | 97.40M | 25.94M | -49.31M |
| Depreciation & Amortization | 107.46M | 102.25M | 103.44M | 104.96M | 120.97M | 139.72M |
| Loss (Gain) From Sale of Assets | -705.00K | -3.32M | 502.00K | -1.01M | -1.08M | 769.00K |
| Stock-Based Compensation | 19.24M | 14.76M | 12.81M | 12.06M | 10.37M | 11.01M |
| Other Operating Activities | -103.20M | -124.81M | -10.02M | -24.41M | -745.00K | 23.45M |
| Change in Accounts Receivable | 11.24M | 53.87M | -8.00M | -83.08M | -50.73M | 41.10M |
| Change in Inventory | 32.48M | 5.82M | -13.09M | -25.42M | -30.69M | 7.31M |
| Change in Other Net Operating Assets | -17.66M | -83.47M | -29.90M | 129.46M | 46.85M | 51.26M |
| Operating Cash Flow | 380.25M | 318.86M | 203.21M | 209.96M | 120.88M | 225.31M |
| Capital Expenditures | -92.14M | -111.02M | -107.14M | -100.73M | -81.04M | -50.20M |
| Sale of Property, Plant & Equipment | 896.00K | 8.88M | 217.00K | 7.85M | 6.47M | 7.10M |
| Cash Acquisitions | -27.15M | |||||
| Investment in Securities | 1.73M | 2.00M | 7.98M | 8.75M | 705.00K | 7.78M |
| Other Investing Activities | 2.80M | 3.90M | 1.92M | -2.22M | -3.00M | 1.16M |
| Investing Cash Flow | -86.71M | -96.23M | -124.17M | -86.35M | -76.86M | -34.16M |
| Long-Term Debt Issued | 177.67M | |||||
| Long-Term Debt Repaid | -112.00K | -400.00M | -100.00M | |||
| Net Debt Issued (Repaid) | -18.14M | -112.00K | -222.33M | -100.00M | ||
| Repurchase of Common Stock | -33.52M | -45.55M | -26.93M | -4.97M | -1.86M | |
| Other Financing Activities | -3.38M | -1.68M | ||||
| Financing Cash Flow | -55.03M | -45.55M | -27.04M | -227.30M | -1.86M | -101.68M |
| Foreign Exchange Rate Adjustments | -1.03M | 14.28M | -16.05M | -3.48M | -11.53M | -3.38M |
| Net Cash Flow | 237.48M | 191.36M | 35.95M | -107.18M | 30.63M | 86.10M |
| Free Cash Flow | 288.11M | 207.85M | 96.08M | 109.23M | 39.84M | 175.12M |
| Free Cash Flow Margin | 9.89% | 7.46% | 3.61% | 4.50% | 1.93% | 9.37% |
| Free Cash Flow Per Share | 2.86 | 2.05 | 0.94 | 1.07 | 0.39 | 1.76 |
| Levered Free Cash Flow | 281.40M | 218.08M | 120.40M | 101.12M | 95.91M | 237.80M |
| Unlevered Free Cash Flow | 303.50M | 241.19M | 144.10M | 123.94M | 119.80M | 262.06M |
| Cash Interest Paid | 32.00M | 32.00M | 32.00M | 34.00M | 38.00M | 39.00M |
| Cash Income Tax Paid | 101.51M | 101.51M | 94.73M | 44.01M | 44.96M | 29.20M |
| Change in Working Capital | 26.06M | -23.78M | -50.99M | 20.96M | -34.57M | 99.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.06B | 2.40B | 2.64B | 2.14B | 1.75B | 1.13B |
| Enterprise Value | 4.12B | 2.79B | 3.06B | 2.62B | 2.19B | 1.60B |
| Last Close Price | 40.86 | 24.03 | 26.08 | 21.28 | 17.49 | 11.31 |
| PE Ratio | 12.43 | 6.78 | 17.87 | 22.01 | 67.60 | |
| Forward PE | 19.60 | 15.39 | 15.85 | 16.77 | 21.03 | 34.90 |
| PS Ratio | 1.39 | 0.86 | 0.99 | 0.88 | 0.85 | 0.60 |
| PB Ratio | 3.32 | 2.23 | 3.66 | 3.38 | 3.33 | 2.21 |
| P/TBV Ratio | 3.47 | 2.42 | 4.17 | 3.74 | 3.70 | 2.47 |
| P/FCF Ratio | 14.10 | 11.54 | 27.43 | 19.62 | 44.02 | 6.45 |
| P/OCF Ratio | 10.68 | 7.52 | 12.97 | 10.21 | 14.51 | 5.01 |
| PEG Ratio | 0.54 | 287.81 | 287.81 | 287.81 | 287.81 | |
| EV/Sales Ratio | 1.41 | 1.00 | 1.15 | 1.08 | 1.06 | 0.85 |
| EV/EBITDA Ratio | 10.01 | 6.86 | 8.76 | 9.16 | 9.46 | 8.90 |
| EV/EBIT Ratio | 13.56 | 9.16 | 12.44 | 14.46 | 19.79 | 40.15 |
| EV/FCF Ratio | 14.29 | 13.43 | 31.88 | 24.01 | 55.07 | 9.12 |
| Debt / Equity Ratio | 0.65 | 0.81 | 1.18 | 1.34 | 1.66 | 1.72 |
| Debt / EBITDA Ratio | 1.30 | 1.44 | 1.57 | 1.92 | 2.37 | 3.00 |
| Debt / FCF Ratio | 2.76 | 4.20 | 8.87 | 7.77 | 21.90 | 5.02 |
| Net Debt / Equity Ratio | 0.04 | 0.17 | 0.48 | 0.61 | 0.56 | 0.66 |
| Net Debt / EBITDA Ratio | 0.13 | 0.44 | 0.99 | 1.35 | 1.28 | 1.86 |
| Net Debt / FCF Ratio | 0.19 | 0.85 | 3.61 | 3.54 | 7.46 | 1.91 |
| Asset Turnover | 1.10 | 1.11 | 1.16 | 1.14 | 1.03 | 0.93 |
| Inventory Turnover | 11.80 | 10.44 | 10.06 | 10.28 | 10.40 | 10.89 |
| Quick Ratio | 1.83 | 1.60 | 1.36 | 1.40 | 1.86 | 1.94 |
| Current Ratio | 2.20 | 1.99 | 1.74 | 1.78 | 2.28 | 2.37 |
| Return on Equity (ROE) | 30.82% | 39.37% | 21.78% | 16.79% | 5.00% | -9.22% |
| Return on Assets (ROA) | 7.14% | 7.61% | 6.73% | 5.31% | 3.47% | 1.24% |
| Return on Invested Capital (ROIC) | 23.04% | 26.24% | 15.46% | 11.89% | 4.36% | 4.14% |
| Return on Capital Employed (ROCE) | 15.10% | 16.00% | 16.00% | 12.00% | 7.60% | 2.70% |
| Earnings Yield | 8.04% | 14.75% | 5.59% | 4.54% | 1.48% | -4.37% |
| FCF Yield | 7.09% | 8.67% | 3.65% | 5.10% | 2.27% | 15.51% |
| Buyback Yield / Dilution | 0.89% | 1.08% | -0.21% | -0.70% | -1.75% | -0.48% |
| Total Shareholder Return | 0.89% | 1.08% | -0.21% | -0.70% | -1.75% | -0.48% |