Business Wire·Jun 25, 2026
Oceaneering Announces Pricing of Private Offering of $500 Million of Senior NotesHOUSTON--(BUSINESS WIRE)--Oceaneering Announces Pricing of Private Offering of $500 Million of Senior Notes.
Oceaneering International, Inc.(OII)Earnings, Financials & Key Ratios
OII•NYSE
$39.88
11.4× P/E·Price updated Jul 7, 2026
AboutOceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. This segment also offers ROV tooling, and survey services, such as hydrographic survey and positioning services, as well as autonomous underwater vehicles for geoscience. As of December 31, 2021, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides distribution and connection systems, including production control umbilicals and field development hardware, pipeline connection, and repair systems to the energy industry; and autonomous mobile robots and automated guided vehicle technology and entertainment systems to various industries. The company's Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Its Integrity Management & Digital Solutions segment provides asset integrity management; software and analytical solutions for the bulk cargo maritime industry; and software, digital, and connectivity solutions for the energy industry. The company's Aerospace and Defense Technologies segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities to U.S. government agencies and their prime contractors. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas.Show more
- Revenue$2.78B+4.6%
- EBITDA$407M+16.3%
- Net Income$354M+139.9%
- EPS (Diluted)3.49+142.4%
- Gross Margin20.42%+11.9%
- EBITDA Margin14.61%+11.2%
- Operating Margin10.94%+18.2%
- Net Margin12.71%+129.3%
- ROE39.37%+80.8%
OII Price & Volume
Oceaneering International, Inc. (OII) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Challenges Margin Expansion Efforts
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Offshore project cycle volatility
Key Thesis Takeaways
- Oceaneering International demonstrates a strengthened balance sheet through deliberate deleveraging, yet remains tethered to the inherent lumpiness of offshore project-based contracts.
- While the company has successfully reduced its debt-to-equity ratio to 0.64 as of 2026Q1, persistent margin compression and erratic cash flow conversion suggest ongoing operational risks.
- Investors should monitor whether the firm can sustain gross margins above the 18.4% level observed in 2026Q1 amidst fluctuating demand for its specialized subsea robotics fleet.
Verdict Logic
while the debt-to-equity ratio has improved to 0.64, the inconsistent operating income of $57.8 million in 2026Q1 warrants caution regarding future profitability.
OII Growth Metrics
Oceaneering International, Inc. (OII) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.95%
5 Years8.78%
3 Years10.45%
TTM2.39%
Profit CAGR
10 Years4.35%
5 Years-
3 Years138.91%
TTM85.81%
EPS CAGR
10 Years4.08%
5 Years-
3 Years137.66%
TTM891.18%
Return on Capital
10 Years2.43%
5 Years11.25%
3 Years15.35%
Last Year17.68%
OII Recent Earnings
Oceaneering International, Inc. (OII) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$0.30-6.2%
$0.32
Rev
$692M+3.2%
$671M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.45+47.1%
$0.31
Rev
$669M-0.8%
$674M
Q4 2025
Oct 22, 2025Metric
Actual
Est
EPS
$0.55+31.0%
$0.42
Rev
$743M+9.5%
$678M
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.49+16.7%
$0.42
Rev
$698M-0.3%
$700M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.30vs $0.32-6.2% | $692Mvs $671M+3.2% |
| Q1 2026 | Feb 18, 2026 | $0.45vs $0.31+47.1% | $669Mvs $674M-0.8% |
| Q4 2025 | Oct 22, 2025 | $0.55vs $0.42+31.0% | $743Mvs $678M+9.5% |
| Q3 2025 | Jul 23, 2025 | $0.49vs $0.42+16.7% | $698Mvs $700M-0.3% |
Based on last 12 quarters of dataView full earnings history →
Latest OII News
Recent stock market news and headlines for Oceaneering International, Inc. (OII)
Business Wire·Jun 24, 2026
Oceaneering Announces Cash Tender Offer for Any and All of Its Outstanding 6.000% Senior Notes Due 2028HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the “Notes”) for the consideration described below. Title of Security CUSIP Numbers(2) Aggregate Principal Amount Outstanding U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread (basis points) 6.000% Senior Notes due 2028(1) 675232 AB8 675232 AD4 $500,000,000 3.
Business Wire·Jun 24, 2026
Oceaneering Announces Private Offering of $500 Million of Senior NotesHOUSTON--(BUSINESS WIRE)--Oceaneering Announces Private Offering of $500 Million of Senior Notes due 2034.
Business Wire·Jun 18, 2026
Oceaneering Schedules Second Quarter 2026 Earnings Release and Conference CallHOUSTON--(BUSINESS WIRE)--Oceaneering Schedules Second Quarter 2026 Earnings Release for July 22 and Conference Call for July 23.
Peers Comparison
Key metrics vs top competitors for Oceaneering International, Inc. (OII)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.88 | $3.98B | 11.43 | 4.62% | 12.71% | 39.37% | — | |
| $67.03 | $3.33B | 10.09 | 0.52% | 22.16% | 23.85% | — | |
| $5.00 | $2.59B | -29.41 | 40.34% | -2.58% | -17.08% | — | |
| $4.71 | $852.14M | -2.05 | -11.37% | -24.17% | -48.48% | — | |
| $27.77 | $2.8B | 53.40 | 1.72% | 4.53% | 6.7% | — | |
| $12.66 | $1.49B | -16.88 | 18.84% | -4.55% | -9.21% | — |
Compare OII vs Peers
Oceaneering International, Inc. (OII) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OII SEC Filings & Documents
Oceaneering International, Inc. (OII) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 22, 2026·SEC
Material company update
Mar 20, 2026·SEC
Material company update
Feb 25, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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OII Frequently Asked Questions
Oceaneering International, Inc. (OII) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Oceaneering International, Inc.'s revenue?
Oceaneering International, Inc. (OII) reported $2.80B in revenue for fiscal year 2025. This represents a 868% increase from $289.5M in 1996.
How fast is Oceaneering International, Inc. growing?
Oceaneering International, Inc. (OII) grew revenue by 4.6% over the past year. Growth has been modest.
Is OII profitable?
Yes, Oceaneering International, Inc. (OII) is profitable, generating $339.5M in net income for fiscal year 2025 (12.7% net margin).
Dividend & Returns
What is OII's return on equity?
Oceaneering International, Inc. (OII) has a return on equity (ROE) of 39.4%. This is excellent, indicating efficient use of shareholder capital.
What is Oceaneering International, Inc.'s free cash flow?
Oceaneering International, Inc. (OII) generated $240.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.