Oceaneering International (OII) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Oceaneering International

NYSE•Energy•Oil & Gas Equipment & Services

$46.29+0.09(<0.01%)Market closed

Market Cap

$4.60B

P/E

13.2x

P/S

1.6x

P/B

4.0x

Oceaneering International, Inc. provides engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally. It operates through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. The Subsea Robotics segment 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 comprising hydrographic survey and positioning services and autonomous underwater vehicles for geoscience. Its Manufactured Products segment provides distribution and connection systems, such as production control umbilicals and field development hardware and pipeline connection and repair systems; connectors and subsea and topside control valves primarily to the energy industry; and autonomous mobile robotic technology to various industries. The Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services, 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. Its Integrity Management & Digital Solution segment provides asset integrity management services, as well as software, digital, and connectivity solutions for the energy industry. The Aerospace and Defense Technologies segment offers services and products, such as engineering and related manufacturing in defense and space exploration activities. The company was founded in 1964 and is headquartered in Houston, Texas.

How this company scores

ExcellentMetricSide Score: 84/100

Strongest: Profitability (23/25); weakest: Growth (19/25).

Profitability23/25

Growth19/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.2x5y range 6.8x – 67.6x

Currently below its 15-quarter median.

P/S · 1.6x5y range 0.4x – 1.6x

Currently above its 20-quarter median.

P/B · 4.0x5y range 1.7x – 4.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.5% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.60B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.87B
Q. Revenue: $768.18M
TTM EBITDA: $404.92M
TTM Op. Income: $297.92M
Q. Op. Income: $88.24M
TTM Net Income: $350.06M
Q. Net Income: $65.02M
EPS: $0.65
Shares Out.: $99.67M

$2.87B in TTM revenue grew 3.8% YoY, reaching $768.18M last quarter. TTM EBITDA of $404.92M and TTM operating income of $297.92M show growth is flowing through to the bottom line. TTM net income of $350.06M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.4%
EBITDA Margin: 15.1%
Op. Margin: 11.5%
Net Margin: 8.5%

Op. margin of 11.5% is up 0.1% YoY — cost efficiency is improving. Net margin at 8.5% and gross margin of 20.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.2x
P/S Ratio: 1.6x
P/B Ratio: 4.0x

At 13.2x P/E, the stock trades below typical market levels. P/S of 1.6x and P/B of 4.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.69B
Cash: $629.47M
Long-Term Debt: $490.25M
Book Value: $1.16B
D/E Ratio: 0.4
Debt/EBITDA: 4.2

With $2.69B in assets and $490.25M in long-term debt, D/E is 0.4and book value is $1.16B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $55.21M
TTM Free Cash Flow: $223.24M
FCF Margin: 7.8%
FCF / Net Income: 0.6

TTM FCF of $223.24M on $55.21M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 120% — a weakening trend.