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Oceaneering International, Inc.

Oceaneering International, Inc.

NYSE•OII
CEO: Mr. Roderick A. Larson
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 1975-10-31
Oceaneering International, Inc. provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments. The company offers 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; ROV tooling; and survey services, such as hydrographic survey, positioning services, and autonomous underwater vehicles for geoscience. It also 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 robotic technology and entertainment systems to various industries. In addition, the company offers subsea installation and intervention, including riserless light well intervention inspection, maintenance, and repair services; installation and workover control systems, and ROV workover control systems; diving services; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Further, it provides asset integrity management, software and analytical solutions for the bulk cargo maritime industry, and software, digital, and connectivity solutions for the energy industry, as well as government services and products, including engineering and related manufacturing in defense and space exploration activities to the United States' government agencies and their prime contractors. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas.
Contact Information
5875 North Sam Houston Parkway West, Suite 400, Houston, TX, 77086, United States
713-329-4500
www.oceaneering.com
Market Cap
$2.73B
P/E (TTM)
11.7
21
Dividend Yield
--
52W High
$27.71
52W Low
$15.46
52W Range
96%
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 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

$742.90M+9.28%
4-Quarter Trend

EPS

$0.71+73.17%
4-Quarter Trend

FCF

$77.05M+14.92%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue and Income Growth Nine-month revenue reached $2.12 B, marking a 9% increase; Net Income surged to $176.11 M, up 93%.
Operating Income Margin Expansion Consolidated operating margin improved to 11% for nine months, up from 9% last year, driven by segment performance.
Strong Cash Generation Cash provided by operating activities totaled $97.73 M for nine months, a $22.9 M increase over prior period results.
Segment Profitability Improvements Manufactured Products operating margin rose to 12% for nine months, benefiting from higher margin backlog execution and pricing.

Risk Factors

Inventory Reserve Write-Downs Inventory reserve increased by $15 M for nine months, driven by write-downs in Manufactured Products segment business lines.
Subsea Utilization Decline Three-month ROV utilization fell to 65% compared to 69% previously, reflecting fewer days utilized despite higher average day rates.
Manufactured Products Backlog Shrinkage Manufactured Products backlog decreased to $568 M as of September 30, 2025, compared to $671 M one year ago.
Foreign Currency Translation Risk Foreign currency fluctuations resulted in a $(1.0) M loss for the quarter, reflecting strengthening U.S. dollar impacts on foreign operations.

Outlook

2025 Capital Expenditure Plans Organic capital expenditures are expected to total between $115 M and $120 M for full year 2025, funded by available cash.
Cloud Cost Capitalization Forecast Capitalized cloud-based service contract implementation costs are projected to be $15 M to $20 M for the 2025 fiscal year.
Liquidity and Debt Maturity Liquidity remains strong with $215 M unused commitment available under the Revolving Credit Facility; nearest debt maturity is 2028.
Share Repurchase Availability Approximately 5.8 M shares remain available for repurchase under the discretionary plan; timing and amount determined by management.

Peer Comparison

Revenue (TTM)

Delek US Holdings, Inc.DK
$10.67B
-22.4%
Patterson-UTI Energy, Inc.PTEN
$4.84B
-16.6%
Liberty Energy Inc.LBRT
$3.91B
-12.0%

Gross Margin (Latest Quarter)

International Seaways, Inc.INSW
60.9%
-1.4pp
Cactus, Inc.WHD
35.3%
-3.7pp
Kinetik Holdings Inc.KNTK
34.1%
-7.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WHD$3.67B21.215.3%2.1%
LBRT$3.27B17.69.2%17.9%
HP$3.22B-19.7-5.8%30.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.4%
Moderate Growth
4Q Net Income CAGR
8.3%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:$0.43
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 23, 2025|
    Revenue: $742.90M+9.3%
    |
    EPS: $0.71+73.2%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $698.16M+4.4%
    |
    EPS: $0.54+54.3%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 24, 2025|
    Revenue: $674.52M+12.6%
    |
    EPS: $0.50+233.3%
    Beat
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 4, 2025|
    Revenue: $2.66B+9.8%
    |
    EPS: $1.46+50.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 24, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 25, 2024|
    Revenue: $679.81M+7.0%
    |
    EPS: $0.41+36.7%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 26, 2024|
    Revenue: $668.81M+11.9%
    |
    EPS: $0.35+84.2%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 26, 2024|
    Revenue: $599.09M+11.6%
    |
    EPS: $0.15+271.3%
    Beat