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Oil States International, Inc.

Oil States International, Inc.

NYSE•OIS
CEO: Ms. Cynthia B. Taylor CPA
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 2001-02-09
Oil States International, Inc., through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors 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 wireline support, frac stacks, isolation tools, downhole and extended reach activity, well testing and flowback operations, sand control, and land 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. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, managed pressure drilling 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, alternative energy, 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.
Contact Information
Three Allen Center, Suite 4620 333 Clay Street, Houston, TX, 77002, United States
713-652-0582
www.oilstatesintl.com/Home-1218.html
Market Cap
$488.72M
P/E (TTM)
19.8
21
Dividend Yield
--
52W High
$8.30
52W Low
$3.08
52W Range
98%
Rank61Top 91.5%
2.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$165.41M-5.13%
4-Quarter Trend

EPS

$0.05-120.65%
4-Quarter Trend

FCF

$21.98M+2.83%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Reverses Loss Nine months net income reached $7.87 M, a $34.29 M swing from prior year's $26.42 M loss reported for the period.
Operating Income Improves Operating income was $15.66 M compared to $20.17 M loss last year, reflecting a $35.84 M positive variance in nine months.
Strong Operating Cash Flow Cash flow from operations totaled $54.98 M for nine months, nearly doubling the $27.68 M generated in the comparable 2024 period.
Offshore Backlog Growth Offshore Manufactured Products backlog increased to $399 M by September 30, 2025, up from $311 M at December 31, 2024.

Risk Factors

Crude Pricing Uncertainty WTI crude oil declined 8% in Q3 2025 due to tariffs and OPEC+ production, impacting demand for U.S. land-based products.
Supply Chain Disruption Risk Explosion at key explosive powder supplier may adversely affect perforating product production in Q4 2025 and potentially beyond.
U.S. Land Activity Decline U.S. land-based revenues decreased due to lower activity levels, tariffs, and management exiting underperforming service offerings.
Foreign Currency Volatility Foreign currency exchange rate fluctuations caused $1.1 M loss in nine months, impacting earnings outside the U.S. dollar functional currency.

Outlook

2026 Notes Retirement Plan Management expects cash flow and ABL capacity to cover full retirement of $102.8 M principal 2026 Notes due April 1, 2026.
ABL Facility Amendment ABL Facility amended July 2025, reducing size to $100.0 M commitment, supporting liquidity needs through February 2028 maturity.
Alternative Energy Investment Investing in research and development for alternative energy sources, including offshore wind and deep-sea mineral gathering opportunities.
Segment Realignment Benefits Integration of legacy products into Downhole Technologies segment aims to better align with activity drivers and achieve operational synergies.

Peer Comparison

Revenue (TTM)

Star Group, L.P.SGU
$1.78B
+1.0%
North American Construction Group Ltd.NOA
$918.29M
+8.2%
Forum Energy Technologies, Inc.FET
$790.27M
-1.3%

Gross Margin (Latest Quarter)

Natural Gas Services Group, Inc.NGS
59.5%
-0.0pp
VAALCO Energy, Inc.EGY
51.0%
+14.7pp
Flotek Industries, Inc.FTK
30.7%
+12.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FTK$502.27M18.830.7%6.7%
FET$498.75M-4.4-36.3%29.2%
OIS$488.72M19.83.5%12.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.2%
Moderate Growth
4Q Net Income CAGR
-43.0%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 20, 2026
|
EPS:$0.11
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 31, 2025|
    Revenue: $165.41M-5.1%
    |
    EPS: $0.05-120.7%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $165.41M-11.3%
    |
    EPS: $0.05+125.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $159.94M-4.4%
    |
    EPS: $0.05-123.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $692.59M-11.5%
    |
    EPS: $-0.18-190.0%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $174.35M-10.3%
    |
    EPS: $-0.23-449.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 29, 2024|
    Revenue: $186.38M+1.6%
    |
    EPS: $0.02+133.3%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 26, 2024|
    Revenue: $167.26M-14.7%
    |
    EPS: $-0.21-723.1%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $782.28M+6.0%
    |
    EPS: $0.20+233.3%
    Beat