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Oil States International, Inc.(OIS)Earnings, Financials & Key Ratios
OIS•NYSE
$7.91
Price updated Jul 2, 2026
AboutOil States International, Inc., through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle. It also provides wellhead isolation, frac valve, wireline and coiled tubing support, flowback and well testing, pipe recovery systems, gravel pack and sand control, blowout preventer, and drilling services. The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations. This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies. The Offshore/Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels; and short-cycle and other products. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, deepwater mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products. This segment also provides short-cycle products, such as valves, elastomers, and other specialty products that are used in the land-based drilling and completion markets; and other products for use in industrial, military, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services. The company was incorporated in 1995 and is headquartered in Houston, Texas.Show more
- Revenue$669M-3.4%
- EBITDA$43M-30.2%
- Net Income-$109M-871.5%
- EPS (Diluted)-1.86-933.3%
- Gross Margin12.83%-16.9%
- EBITDA Margin6.4%-27.8%
- Operating Margin-0.69%-171.6%
- Net Margin-16.35%-905.8%
- ROE-17.45%-977.2%
OIS Price & Volume
Oil States International, Inc. (OIS) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Challenges Operational Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical US land exposure
Key Thesis Takeaways
- Oil States International faces significant headwinds as its US-centric land-based segments struggle with persistent revenue contraction and erratic profitability, evidenced by a 100% year-over-year revenue decline in 2026Q1.
- While the company maintains a conservative capital structure with a debt-to-equity ratio of 0.13, the inability to generate consistent operating leverage suggests structural challenges in its high-fixed-cost manufacturing model.
- Investors should monitor the $92.8M in deferred revenue as a potential indicator of long-cycle offshore project recovery, though current earnings volatility warrants a cautious outlook.
Verdict Logic
while the balance sheet is healthy with a 1.94 current ratio, the persistent inability to maintain positive net margins and the erratic nature of cash flow generation suggest that the company's valuation, currently at a 0.73 P/S ratio, may not yet reflect the full extent of its operational risks.
OIS Growth Metrics
Oil States International, Inc. (OIS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-4.85%
5 Years0.95%
3 Years-3.21%
TTM-25.71%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-2114.22%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-2221.92%
Return on Capital
10 Years-2.38%
5 Years-0.74%
3 Years0.82%
Last Year-0.63%
OIS Recent Earnings
Oil States International, Inc. (OIS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.09+12.5%
$0.08
Rev
$145M-5.5%
$154M
Q1 2026
Feb 20, 2026Metric
Actual
Est
EPS
$0.13+18.2%
$0.11
Rev
$178M-0.3%
$179M
Q4 2025
Oct 31, 2025Metric
Actual
Est
EPS
$0.08-11.1%
$0.09
Rev
$165M-1.4%
$168M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.09+0.0%
$0.09
Rev
$165M-2.1%
$169M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.09vs $0.08+12.5% | $145Mvs $154M-5.5% |
| Q1 2026 | Feb 20, 2026 | $0.13vs $0.11+18.2% | $178Mvs $179M-0.3% |
| Q4 2025 | Oct 31, 2025 | $0.08vs $0.09-11.1% | $165Mvs $168M-1.4% |
| Q3 2025 | Jul 31, 2025 | $0.09vs $0.09+0.0% | $165Mvs $169M-2.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Oil States International, Inc. (OIS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $7.91 | $476.18M | -4.25 | -3.41% | -16.35% | -17.45% | — | |
| $18.10 | $6.53B | 46.41 | -1.42% | 1.05% | 1.42% | — | |
| $24.31 | $3.94B | 27.31 | -7.16% | 3.71% | 7.39% | — | |
| $12.80 | $1.51B | -17.07 | 18.84% | -4.55% | -9.21% | — | |
| $65.11 | $26.05B | 28.31 | 9.37% | 10.63% | 32.2% | — | |
| $53.82 | $53.38B | 20.70 | -0.34% | 11.17% | 16.13% | — |
Compare OIS vs Peers
Oil States International, Inc. (OIS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OIS SEC Filings & Documents
Oil States International, Inc. (OIS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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OIS Frequently Asked Questions
Oil States International, Inc. (OIS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Oil States International, Inc.'s revenue?
Oil States International, Inc. (OIS) reported $509.1M in revenue for fiscal year 2025. This represents a 42% increase from $359.0M in 1998.
How fast is Oil States International, Inc. growing?
Oil States International, Inc. (OIS) saw revenue decline by 3.4% over the past year.
Is OIS profitable?
Oil States International, Inc. (OIS) reported a net loss of $106.2M for fiscal year 2025.
Dividend & Returns
What is OIS's return on equity?
Oil States International, Inc. (OIS) has a return on equity (ROE) of -17.4%. Negative ROE indicates the company is unprofitable.
What is Oil States International, Inc.'s free cash flow?
Oil States International, Inc. (OIS) generated $67.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.