OII · Oceaneering International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.78B | $2.66B | $2.42B | $2.07B | $1.87B | $1.83B |
| Cost of Revenue | $2.22B | $2.18B | $2.03B | $1.76B | $1.61B | $1.66B |
| Gross Profit | $568.44M | $485.49M | $398.97M | $307.38M | $264.06M | $163.94M |
| R&D | - | - | - | - | - | - |
| SG&A | $263.89M | $239.22M | $217.64M | $196.51M | $224.27M | $195.69M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $102.25M | $103.44M | $104.96M | $120.97M | $139.72M | $528.89M |
| Operating Income | $304.55M | $246.27M | $181.33M | $110.86M | $39.80M | ($446.08M) |
| Interest Expense | $36.98M | $37.92M | $36.52M | $38.22M | $38.81M | $43.90M |
| Income Tax | ($67.86M) | $77.45M | $63.65M | $53.11M | $43.60M | ($2.15M) |
| Net Income | $353.76M | $147.47M | $97.40M | $25.94M | ($49.31M) | ($496.75M) |
| EPS - Basic | $3.53 | $1.46 | $0.97 | $0.26 | ($0.49) | ($5.01) |
| EPS - Diluted | $3.49 | $1.44 | $0.95 | $0.26 | ($0.49) | ($5.01) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $688.87M | $497.52M | $461.57M | $568.75M | $538.11M | $452.02M |
| Accounts Receivable | $308.49M | $303.58M | $331.33M | $296.55M | $262.96M | $296.21M |
| Inventory | $201.59M | $222.85M | $209.80M | $184.38M | $153.68M | $141.24M |
| Accounts Payable | $174.72M | $181.50M | $156.06M | $148.02M | $122.33M | $94.21M |
| Current Assets | $1.51B | $1.39B | $1.31B | $1.30B | $1.19B | $1.17B |
| Total Assets | $2.67B | $2.34B | $2.24B | $2.03B | $1.96B | $2.05B |
| Current Liabilities | $761.73M | $796.94M | $732.48M | $568.41M | $501.16M | $437.12M |
| Long-term Debt | $487.42M | $482.01M | $477.06M | $700.97M | $702.07M | $805.25M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.07B | $714.26M | $628.02M | $519.74M | $504.96M | $552.09M |
| Retained Earnings | $1.93B | $1.57B | $1.43B | $1.33B | $1.30B | $1.35B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $318.86M | $203.21M | $209.96M | $120.88M | $225.31M | $136.65M |
| Investing Cash Flow | ($96.23M) | ($124.17M) | ($86.35M) | ($76.86M) | ($34.16M) | ($52.59M) |
| Financing Cash Flow | ($45.55M) | ($27.04M) | ($227.30M) | ($1.86M) | ($101.68M) | ($1.70M) |
| CapEx | $111.02M | $107.14M | $100.73M | $81.04M | $50.20M | $60.69M |
| Free Cash Flow | $207.85M | $96.08M | $109.23M | $39.84M | $175.12M | $75.96M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 20.4% | 18.2% | 16.5% | 14.9% | 14.1% | 9.0% |
| Operating margin | 10.9% | 9.3% | 7.5% | 5.4% | 2.1% | -24.4% |
| EBITDA margin | 14.6% | 13.1% | 11.8% | 11.2% | 9.6% | 4.5% |
| Net margin | 12.7% | 5.5% | 4.0% | 1.3% | -2.6% | -27.2% |
| Free cash flow margin | 7.5% | 3.6% | 4.5% | 1.9% | 9.4% | 4.2% |
| FCF / Net income | 0.59 | 0.65 | 1.12 | 1.54 | -3.55 | -0.15 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.5% | 9.0% | 9.0% | 9.5% | 12.0% | 10.7% |
| Effective tax rate | -23.7% | 34.4% | 39.5% | 67.2% | - | - |
| Return on assets | 13.3% | 6.3% | 4.4% | 1.3% | -2.5% | -24.3% |
| Return on equity | 33.0% | 20.6% | 15.5% | 5.0% | -9.8% | -90.0% |
| Return on invested capital | 19.5% | 13.5% | 9.9% | 4.5% | 2.6% | -26.0% |
| Liquidity | ||||||
| Current ratio | 1.99 | 1.74 | 1.78 | 2.28 | 2.37 | 2.68 |
| Quick ratio | 1.72 | 1.46 | 1.50 | 1.96 | 2.06 | 2.35 |
| Cash ratio | 0.90 | 0.62 | 0.63 | 1.00 | 1.07 | 1.03 |
| Leverage | ||||||
| Debt / Equity | 0.46 | 0.67 | 0.76 | 1.35 | 1.39 | 1.46 |
| Debt / Assets | 0.18 | 0.21 | 0.21 | 0.35 | 0.36 | 0.39 |
| Debt / EBITDA | 1.20 | 1.38 | 1.67 | 3.02 | 3.91 | 9.72 |
| Interest coverage | 8.2x | 6.5x | 5.0x | 2.9x | 1.0x | -10.2x |
| Equity multiplier | 2.49 | 3.27 | 3.57 | 3.91 | 3.89 | 3.71 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.04 | 1.14 | 1.08 | 1.02 | 0.95 | 0.89 |
| Inventory turnover | 10.99 | 9.76 | 9.66 | 9.54 | 10.45 | 11.78 |
| Days sales outstanding | 40d | 42d | 50d | 52d | 51d | 59d |
| Days inventory outstanding | 33d | 37d | 38d | 38d | 35d | 31d |
| Days payable outstanding | 29d | 30d | 28d | 31d | 28d | 21d |
| Cash conversion cycle | 45d | 49d | 60d | 60d | 58d | 69d |
| Valuation | ||||||
| P / E | 6.9x | 18.1x | 22.4x | 67.3x | - | - |
| P / B | 2.3x | 3.7x | 3.5x | 3.4x | 2.2x | 1.4x |
| P / S | 0.9x | 1.0x | 0.9x | 0.9x | 0.6x | 0.4x |
| EV / EBITDA | 5.5x | 7.6x | 7.6x | 8.2x | 7.2x | 13.8x |
| Growth | ||||||
| Revenue growth (YoY) | 4.6% | 9.8% | 17.4% | 10.5% | 2.3% | -10.8% |
| Revenue CAGR (3y) | 10.5% | 12.5% | 9.9% | 0.3% | -0.7% | -1.7% |
| Revenue CAGR (5y) | 8.8% | 5.4% | 4.9% | 1.5% | -3.8% | -9.8% |
| Gross profit growth (YoY) | 17.1% | 21.7% | 29.8% | 16.4% | 61.1% | 66.9% |
| Operating income growth (YoY) | 23.7% | 35.8% | 63.6% | 178.6% | - | -53.4% |
| Net income growth (YoY) | 139.9% | 51.4% | 275.5% | - | 90.1% | -42.6% |
| EPS growth (YoY) | 142.4% | 51.6% | 265.4% | - | 90.2% | -42.3% |
| EPS CAGR (3y) | 137.7% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | -31.1% | - | - |
| FCF growth (YoY) | 116.3% | -12.0% | 174.2% | -77.2% | 130.5% | 668.4% |
| FCF CAGR (5y) | 22.3% | 57.6% | - | -1.4% | -5.2% | -26.8% |
| Book value growth (YoY) | 49.9% | 13.7% | 20.8% | 2.9% | -8.5% | -48.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.78B totalSubsea Robotics$855.22M · 30.7%
Offshore Projects Group$616.04M · 22.1%
Manufactured Products$568.97M · 20.4%
Aerospace And Defense Technologies$459.90M · 16.5%
Integrity Management Digital Solutions$284.02M · 10.2%
Product / service
$2.78B totalService$2.21B · 79.3%
Product$575.97M · 20.7%
Geographic
$4.32B totalNon Us$1.54B · 35.6%
US$1.24B · 28.8%
Africa$417.62M · 9.7%
GB$289.57M · 6.7%
Asia Pacific$259.20M · 6.0%
BR$248.06M · 5.7%
NO$228.44M · 5.3%
Other Geographical Member$97.81M · 2.3%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Oil & Gas Field Services, NEC
Comparing OCEANEERING INTERNATIONAL INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Aug 23, 2017 | $0.1500 |
| May 24, 2017 | $0.1500 |
| Feb 22, 2017 | $0.1500 |
| Nov 22, 2016 | $0.1500 |
| Aug 24, 2016 | $0.2700 |
| May 25, 2016 | $0.2700 |
| Feb 24, 2016 | $0.2700 |
| Nov 24, 2015 | $0.2700 |
| Aug 26, 2015 | $0.2700 |
| May 27, 2015 | $0.2700 |
| Feb 25, 2015 | $0.2700 |
| Nov 25, 2014 | $0.2700 |
| Aug 27, 2014 | $0.2700 |
| May 28, 2014 | $0.2700 |
| Feb 26, 2014 | $0.2200 |
| Nov 26, 2013 | $0.2200 |
| Aug 28, 2013 | $0.2200 |
| May 29, 2013 | $0.2200 |
| Feb 27, 2013 | $0.1800 |
| Nov 28, 2012 | $0.1800 |
| Aug 29, 2012 | $0.1800 |
| May 30, 2012 | $0.1800 |
| Feb 28, 2012 | $0.1500 |
| Nov 29, 2011 | $0.1500 |