Oceaneering International (OII) Financials

$38.22 -0.18 (-0.46%)

As of 02:00 PM Eastern

Annual Income Statements for Oceaneering International

This table shows Oceaneering International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	231	25	166	-195	-335	-468	-40	27	97	147	354
Consolidated Net Income / (Loss)	231	25	166	-212	-348	-497	-40	26	97	147	354
Net Income / (Loss) Continuing Operations	231	25	166	-195	-335	-468	-40	27	97	147	354
Total Pre-Tax Income	336	43	-18	-186	-331	-499	4.06	79	161	225	286
Total Operating Income	374	71	11	-145	-291	-446	40	111	181	246	305
Total Gross Profit	605	279	195	129	98	164	264	307	399	485	568
Total Revenue	3,063	2,272	1,922	1,909	2,048	1,828	1,869	2,066	2,425	2,661	2,784
Operating Revenue	3,063	2,272	1,922	1,909	2,048	1,828	1,869	2,066	2,425	2,661	2,784
Total Cost of Revenue	2,457	1,992	1,727	1,780	2,109	1,664	1,605	1,759	2,026	2,176	2,216
Operating Cost of Revenue	2,457	1,992	1,727	1,780	1,950	1,664	1,605	1,759	2,026	2,176	2,216
Total Operating Expenses	232	208	184	275	230	596	224	198	219	236	261
Selling, General & Admin Expense	232	208	184	198	215	196	224	197	218	239	264
Other Operating Expenses / (Income)	-	-	-	-	-	-14	-	1.01	1.24	-3.51	-2.80
Total Other Income / (Expense), net	-38	-27	-29	-23	-27	-39	-36	-31	-19	-25	-21
Interest Expense	25	25	28	38	43	44	39	38	37	38	37
Interest & Investment Income	2.84	4.14	5.37	6.18	9.22	5.35	3.07	7.42	17	13	16
Other Income / (Expense), net	-15	-6.24	-6.06	-8.79	6.62	0.00	0.00	0.00	0.00	0.00	0.00
Income Tax Expense	105	19	-184	26	18	-2.15	44	53	64	77	-68
Basic Earnings per Share	$2.35	$0.25	$1.69	($2.16)	($3.52)	($5.01)	($0.49)	$0.26	$0.97	$1.46	$3.53
Weighted Average Basic Shares Outstanding	98.42M	98.04M	98.24M	98.50M	98.88M	99.23M	99.71M	100.19M	100.70M	101.18M	100.22M
Diluted Earnings per Share	$2.34	$0.25	$1.68	($2.16)	($3.52)	($5.01)	($0.49)	$0.26	$0.95	$1.44	$3.49
Weighted Average Diluted Shares Outstanding	98.81M	98.42M	98.76M	98.50M	98.88M	99.23M	99.71M	101.45M	102.16M	102.37M	101.26M
Weighted Average Basic & Diluted Shares Outstanding	98.30M	98.30M	98.50M	98.84M	98.93M	198.62M	199.30M	100.15M	100.81M	110.83M	99.39M
Cash Dividends to Common per Share	$1.08	$0.96	$0.45	$0.00	$0.00	$0.00	-	$0.00	$0.00	$0.00	$0.00

This table shows Oceaneering International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	30	45	15	35	41	56	50	54	71	178	36
Consolidated Net Income / (Loss)	30	45	15	35	41	56	50	54	71	178	36
Net Income / (Loss) Continuing Operations	30	45	15	35	41	56	50	54	71	178	36
Total Pre-Tax Income	53	47	32	55	69	69	69	78	80	58	55
Total Operating Income	58	47	37	60	71	78	73	79	87	65	58
Total Gross Profit	115	106	92	120	131	142	135	148	153	132	127
Total Revenue	635	655	599	669	680	713	675	698	743	669	692
Operating Revenue	635	655	599	669	680	713	675	698	743	669	692
Total Cost of Revenue	520	549	507	549	549	572	540	550	590	536	565
Operating Cost of Revenue	520	549	507	549	549	572	540	550	590	536	565
Total Operating Expenses	57	59	56	60	60	61	62	69	66	64	69
Selling, General & Admin Expense	57	58	56	60	60	64	62	69	66	67	69
Total Other Income / (Expense), net	-4.61	0.41	-4.52	-5.06	-2.73	-13	-4.09	-0.77	-6.60	-9.98	-2.96
Interest Expense	9.80	7.92	9.20	9.52	9.46	9.74	9.08	9.47	9.38	9.05	9.11
Interest & Investment Income	4.22	3.53	3.21	2.70	3.60	3.55	4.01	3.33	3.80	4.39	5.34
Other Income / (Expense), net	0.97	4.80	1.48	1.76	3.13	-6.37	0.98	5.37	-1.02	-5.33	0.81
Income Tax Expense	24	2.09	17	20	27	13	19	24	8.62	-119	19
Basic Earnings per Share	$0.30	$0.44	$0.15	$0.34	$0.41	$0.56	$0.50	$0.54	$0.71	$1.78	$0.36
Weighted Average Basic Shares Outstanding	100.78M	100.70M	101.03M	101.44M	101.42M	101.18M	100.75M	100.56M	100.02M	100.22M	99.53M
Diluted Earnings per Share	$0.29	$0.43	$0.15	$0.34	$0.40	$0.55	$0.49	$0.54	$0.71	$1.75	$0.36
Weighted Average Diluted Shares Outstanding	102.21M	102.16M	102.25M	102.47M	102.61M	102.37M	101.90M	101.37M	101.06M	101.26M	100.61M
Weighted Average Basic & Diluted Shares Outstanding	100.73M	100.81M	101.39M	101.48M	101.06M	110.83M	100.59M	100.21M	99.78M	99.39M	99.75M

This table details how cash moves in and out of Oceaneering International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-45	60	-20	333	19	78	86	31	-107	36	191
Net Cash From Operating Activities	564	339	136	37	158	137	225	121	210	203	319
Net Cash From Continuing Operating Activities	564	339	136	326	232	137	225	121	205	201	319
Net Income / (Loss) Continuing Operations	231	25	166	-212	-348	-497	-49	26	97	147	354
Consolidated Net Income / (Loss)	231	25	166	-212	-348	-497	-49	26	97	147	354
Depreciation Expense	241	250	214	294	263	529	-	121	105	103	102
Non-Cash Adjustments To Reconcile Net Income	18	36	-215	87	220	87	162	-7.39	-9.53	-4.21	5.32
Changes in Operating Assets and Liabilities, net	74	28	-28	-57	97	17	112	-19	12	-46	-142
Net Cash From Investing Activities	-437	-169	-112	-99	-135	-53	-34	-77	-86	-124	-96
Net Cash From Continuing Investing Activities	-437	-174	-112	17	9.51	-53	-34	-77	-86	-124	-96
Purchase of Property, Plant & Equipment	-200	-112	-94	-	-	-61	-50	-81	-101	-107	-111
Acquisitions	-224	-30	-11	-	0.00	0.00	0.00	0.00	0.00	-27	0.00
Purchase of Investments	-20	-39	-11	-	-	0.00	0.00	0.00	0.00	-7.00	0.00
Sale of Property, Plant & Equipment	0.38	3.42	0.94	17	9.51	1.89	7.10	6.47	7.85	0.22	8.88
Divestitures	-	-	-	-	-	-	-	0.00	0.00	12	0.00
Sale and/or Maturity of Investments	5.96	6.47	2.56	-	0.00	6.21	7.78	0.71	8.75	3.18	2.00
Other Investing Activities, net	-	2.29	-0.21	-	0.00	0.00	1.16	-3.00	-2.22	1.92	3.90
Net Cash From Financing Activities	-160	-96	-46	-5.63	-2.30	-1.70	-102	-1.86	-227	-27	-46
Net Cash From Continuing Financing Activities	-160	-96	-46	-1.44	-2.30	-1.70	-102	-1.86	-227	-27	-46
Repayment of Debt	-	-1.92	-1.70	-1.44	-2.30	-1.70	-102	0.00	-400	-0.11	0.00
Repurchase of Common Equity	-100	-	0.00	-	0.00	0.00	0.00	0.00	0.00	-20	-40
Issuance of Debt	50	0.00	0.00	-	0.00	0.00	0.00	0.00	178	0.00	0.00
Other Financing Activities, net	-3.20	-	0.00	-	0.00	-	-	-1.86	-4.97	-6.88	-5.28
Other Net Changes in Cash	-	-	-	-	-	-4.00	-	-12	-3.48	-16	14

This table details how cash moves in and out of Oceaneering International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	52	-95	-107	28	69	46	-116	34	90	183	-81
Net Cash From Operating Activities	80	153	-70	53	92	128	-81	77	101	221	-59
Net Cash From Continuing Operating Activities	80	148	-70	53	92	128	-81	77	101	221	-59
Net Income / (Loss) Continuing Operations	30	45	15	35	41	56	50	54	71	178	36
Consolidated Net Income / (Loss)	30	45	15	35	41	56	50	54	71	178	36
Depreciation Expense	26	25	27	26	25	25	24	25	26	26	27
Non-Cash Adjustments To Reconcile Net Income	6.41	-19	-1.18	0.11	7.87	-8.46	19	5.77	5.10	-24	3.82
Changes in Operating Assets and Liabilities, net	18	97	-111	-8.46	18	56	-174	-8.43	-1.25	42	-126
Net Cash From Investing Activities	-20	-30	-23	-20	-20	-61	-24	-28	-17	-28	-15
Net Cash From Continuing Investing Activities	-26	-24	-23	-20	-20	-61	-24	-28	-17	-28	-15
Purchase of Property, Plant & Equipment	-26	-34	-26	-23	-25	-34	-26	-30	-24	-30	-17
Sale of Property, Plant & Equipment	0.01	7.83	0.00	-	0.22	-	0.52	-0.52	8.05	0.83	0.04
Sale and/or Maturity of Investments	-	6.23	1.41	1.77	-	-	0.00	2.00	-	-	0.00
Other Investing Activities, net	-	-3.57	0.90	1.08	0.33	-0.40	1.26	1.09	-0.35	1.90	2.04
Net Cash From Financing Activities	0.20	-222	-7.46	0.45	-10	-9.93	-16	-9.99	-10	-9.86	-8.79
Net Cash From Continuing Financing Activities	0.20	-222	-7.46	0.45	-10	-9.93	-16	-9.99	-10	-9.86	-8.79
Repayment of Debt	-	-400	-0.11	-0.04	0.05	-0.00	0.00	-	-	-	0.00
Repurchase of Common Equity	-	-	0.00	-	-	-10	-10	-10	-10	-10	0.00
Other Financing Activities, net	0.20	0.17	-7.34	0.50	-0.17	0.13	-5.61	0.12	0.01	0.19	-8.79
Other Net Changes in Cash	-	-	-6.49	-4.90	7.20	-12	5.11	-	-	-0.67	1.84

This table presents Oceaneering International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,430	3,130	3,024	2,825	2,741	2,046	1,963	2,032	2,239	2,336	2,667
Total Current Assets	1,517	1,263	1,187	1,245	1,244	1,170	1,188	1,297	1,306	1,388	1,512
Restricted Cash	-	-	-	-	-	-	-	-	-	-	689
Accounts Receivable	613	490	477	369	421	292	263	297	331	304	308
Inventories, net	328	280	215	195	175	141	154	184	210	223	202
Other Current Assets	191	-	-	327	275	59	233	247	303	364	313
Plant, Property, & Equipment, net	1,267	1,153	1,064	965	777	591	490	438	424	420	452
Plant, Property & Equipment, gross	2,773	2,728	2,816	2,838	777	1,864	2,452	2,436	2,286	2,156	452
Total Noncurrent Assets	645	710	772	615	720	978	285	296	509	528	703
Goodwill	427	444	456	413	405	35	35	34	34	49	51
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.00	-	522	-	-	-	32	173
Other Noncurrent Operating Assets	218	267	317	202	315	421	250	262	475	447	479
Total Liabilities & Shareholders' Equity	3,430	3,130	3,024	2,825	2,741	2,046	1,963	2,032	2,239	2,336	2,667
Total Liabilities	1,851	1,614	1,359	1,410	1,665	1,488	1,452	1,506	1,605	1,616	1,591
Total Current Liabilities	616	508	436	495	601	437	501	568	732	797	762
Accounts Payable	118	78	86	103	146	94	122	148	156	182	175
Accrued Expenses	498	431	350	307	338	293	291	307	412	475	472
Other Current Liabilities	-	-	-	85	117	50	88	113	165	-	115
Total Noncurrent Liabilities	1,235	1,105	924	915	1,064	1,051	951	937	872	819	829
Long-Term Debt	796	793	792	915	797	805	702	701	477	482	487
Other Noncurrent Operating Liabilities	439	312	131	0.00	268	245	249	236	395	337	341
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,579	1,517	1,665	1,415	1,075	558	511	526	634	720	1,077
Total Preferred & Common Equity	1,579	1,517	1,659	1,409	1,069	552	505	520	628	714	-856
Total Common Equity	1,579	1,517	1,659	1,409	1,069	552	505	520	628	714	-856
Common Stock	258	255	253	248	235	-440	201	184	159	126	108
Retained Earnings	2,365	2,295	2,417	2,205	1,850	1,351	1,302	1,328	1,425	1,573	0.00
Treasury Stock	-744	-731	-719	-704	-682	-	-	-606	-	-555	-568
Accumulated Other Comprehensive Income / (Loss)	-300	-303	-292	-339	-334	-359	-366	-386	-382	-429	-396
Noncontrolling Interest	-	0.00	5.35	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06

This table presents Oceaneering International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,923	2,042	2,165	2,312	2,229	2,305	2,356	2,275	2,328	2,539	2,643
Total Current Assets	1,220	1,305	1,375	1,459	1,237	1,337	1,411	1,336	1,393	1,502	1,517
Restricted Cash	428	505	504	556	355	383	452	382	434	506	607
Accounts Receivable	385	318	370	392	384	405	378	372	389	406	372
Inventories, net	168	198	209	208	217	231	242	221	227	218	208
Other Current Assets	240	285	293	302	282	318	339	361	343	372	329
Plant, Property, & Equipment, net	435	427	426	422	422	416	424	432	446	442	445
Plant, Property & Equipment, gross	2,385	2,420	2,446	2,410	2,258	2,269	2,180	2,198	2,241	2,196	2,182
Accumulated Depreciation	1,950	1,993	2,020	1,988	1,836	1,852	1,757	1,766	1,796	1,754	1,737
Total Noncurrent Assets	269	310	363	432	569	551	522	507	489	595	681
Goodwill	34	34	34	34	34	34	34	50	51	51	51
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	171
Other Noncurrent Operating Assets	235	276	329	398	535	517	488	457	438	544	460
Total Liabilities & Shareholders' Equity	1,923	2,042	2,165	2,312	2,229	2,305	2,356	2,275	2,328	2,539	2,643
Total Liabilities	1,446	1,516	1,613	1,740	1,600	1,648	1,652	1,496	1,479	1,626	1,530
Total Current Liabilities	516	575	615	800	703	777	800	706	697	764	729
Accounts Payable	136	143	151	155	153	173	183	169	162	171	176
Accrued Expenses	300	310	345	375	401	423	448	431	443	475	438
Other Current Liabilities	80	123	119	139	150	181	169	106	92	118	115
Total Noncurrent Liabilities	930	941	998	940	896	871	852	789	783	862	801
Long-Term Debt	701	701	700	568	478	479	481	483	485	486	489
Other Noncurrent Operating Liabilities	229	240	298	371	418	391	372	306	298	376	312
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	477	526	551	572	629	657	704	779	848	914	1,113
Total Preferred & Common Equity	471	520	545	566	623	651	698	773	842	908	1,107
Total Common Equity	471	520	545	566	623	651	698	773	842	908	1,107
Common Stock	181	153	155	158	122	120	123	102	101	105	86
Retained Earnings	1,305	1,332	1,351	1,381	1,440	1,475	1,517	1,623	1,678	1,749	1,963
Treasury Stock	-606	-576	-576	-575	-541	-536	-546	-543	-549	-558	-549
Accumulated Other Comprehensive Income / (Loss)	-409	-388	-385	-397	-398	-409	-396	-409	-388	-388	-392
Noncontrolling Interest	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06

This table displays calculated financial ratios and metrics derived from Oceaneering International's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.31%	-25.83%	-15.41%	-0.63%	7.26%	-10.75%	2.26%	10.53%	17.36%	9.75%	4.62%
EBITDA Growth	-30.08%	-47.51%	-30.70%	-36.13%	-114.83%	500.75%	-51.94%	482.51%	23.49%	22.15%	16.33%
EBIT Growth	-42.91%	-82.00%	-92.87%	-3,452.97%	-84.15%	-57.02%	108.92%	178.56%	63.56%	35.81%	23.67%
NOPAT Growth	-40.51%	-84.37%	-81.42%	-1,465.26%	-99.83%	-53.44%	-24.12%	109.39%	201.44%	47.24%	133.38%
Net Income Growth	-46.07%	-89.36%	576.80%	-227.60%	-64.11%	-42.56%	92.04%	165.61%	275.48%	51.40%	139.89%
EPS Growth	-41.50%	-89.32%	572.00%	-228.57%	-62.96%	-42.33%	90.22%	153.06%	265.38%	51.58%	142.36%
Operating Cash Flow Growth	-21.88%	-39.80%	-59.79%	-73.21%	330.90%	-13.28%	64.89%	-46.35%	73.68%	-3.21%	56.91%
Free Cash Flow Firm Growth	-36.78%	-26.73%	-194.02%	68.66%	634.34%	-187.97%	251.18%	-85.38%	121.51%	-10.07%	94.34%
Invested Capital Growth	0.97%	-6.74%	9.23%	-2.49%	-24.18%	-4.74%	-52.71%	-2.51%	-1.29%	8.50%	24.18%
Revenue Q/Q Growth	-6.04%	-9.33%	-0.22%	0.58%	3.31%	-6.95%	2.32%	3.48%	5.13%	2.26%	-1.59%
EBITDA Q/Q Growth	-15.51%	-13.71%	-4.90%	-8.17%	-114.42%	173.76%	-81.46%	285.48%	2.70%	5.71%	-2.47%
EBIT Q/Q Growth	-23.00%	-42.95%	-63.46%	-133.72%	-104.37%	36.71%	-36.07%	84.34%	5.76%	8.48%	-3.62%
NOPAT Q/Q Growth	-22.17%	-51.47%	-33.03%	-153.22%	-117.46%	36.34%	-143.12%	165.85%	22.56%	11.59%	51.78%
Net Income Q/Q Growth	-24.50%	-61.05%	1,014.38%	-936.59%	-132.81%	32.38%	5.26%	229.77%	28.16%	8.51%	52.35%
EPS Q/Q Growth	-23.03%	-61.54%	940.00%	-964.00%	-131.58%	32.39%	-40.00%	172.22%	26.67%	9.09%	52.40%
Operating Cash Flow Q/Q Growth	-20.51%	-24.98%	-38.46%	30.04%	39.35%	75.72%	18.83%	19.20%	-3.07%	-10.73%	41.02%
Free Cash Flow Firm Q/Q Growth	-35.99%	-35.32%	-236.27%	61.51%	354.62%	-190.75%	6,529.46%	52.12%	-5.14%	-16.89%	136.20%
Invested Capital Q/Q Growth	-6.12%	-3.99%	11.14%	3.10%	-15.00%	41.84%	-19.77%	-12.38%	-9.28%	-3.83%	-2.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.77%	12.29%	10.13%	6.77%	4.80%	8.97%	14.13%	14.88%	16.45%	18.24%	20.42%
EBITDA Margin	19.58%	13.86%	11.35%	7.30%	-1.01%	4.53%	2.13%	11.22%	11.81%	13.14%	14.61%
Operating Margin	12.21%	3.12%	0.55%	-7.62%	-14.19%	-24.40%	2.13%	5.37%	7.48%	9.25%	10.94%
EBIT Margin	11.70%	2.84%	0.24%	-8.08%	-13.87%	-24.40%	2.13%	5.37%	7.48%	9.25%	10.94%
Profit (Net Income) Margin	7.54%	1.08%	8.66%	-11.12%	-17.01%	-27.18%	-2.12%	1.26%	4.02%	5.54%	12.71%
Tax Burden Percent	68.70%	56.72%	-932.52%	114.26%	105.33%	99.57%	-973.84%	32.82%	60.48%	65.57%	123.74%
Interest Burden Percent	93.80%	67.18%	-387.83%	120.46%	116.45%	111.84%	10.20%	71.31%	88.82%	91.33%	93.88%
Effective Tax Rate	31.30%	43.28%	0.00%	0.00%	0.00%	0.00%	1,073.84%	67.18%	39.52%	34.43%	-23.74%
Return on Invested Capital (ROIC)	12.97%	2.09%	0.38%	-5.09%	-11.71%	-21.35%	-36.87%	5.46%	16.77%	23.84%	47.70%
ROIC Less NNEP Spread (ROIC-NNEP)	5.84%	-2.06%	45.75%	-29.04%	-41.19%	-49.91%	30.51%	-1.59%	0.17%	186,702.82%	68.98%
Return on Net Nonoperating Assets (RNNOA)	1.31%	-0.50%	10.08%	-8.70%	-16.26%	-39.47%	29.48%	-0.45%	0.02%	-2.07%	-8.33%
Return on Equity (ROE)	14.28%	1.59%	10.46%	-13.79%	-27.98%	-60.82%	-7.40%	5.00%	16.80%	21.78%	39.37%
Cash Return on Invested Capital (CROIC)	12.01%	9.06%	-8.44%	-2.56%	15.79%	-16.49%	34.70%	8.00%	18.07%	15.69%	26.13%
Operating Return on Assets (OROA)	10.34%	1.97%	0.15%	-5.28%	-10.21%	-18.64%	1.99%	5.55%	8.49%	10.77%	12.17%
Return on Assets (ROA)	6.66%	0.75%	5.41%	-7.26%	-12.52%	-20.76%	-1.97%	1.30%	4.56%	6.45%	14.14%
Return on Common Equity (ROCE)	14.28%	1.59%	10.44%	-13.74%	-27.84%	-60.37%	-7.31%	4.95%	16.62%	21.58%	39.11%
Return on Equity Simple (ROE_SIMPLE)	14.63%	1.62%	10.03%	-15.07%	-32.58%	-89.98%	-7.83%	4.99%	15.51%	20.65%	0.00%
Net Operating Profit after Tax (NOPAT)	257	40	7.46	-102	-203	-312	-388	36	110	161	377
NOPAT Margin	8.38%	1.77%	0.39%	-5.33%	-9.94%	-17.08%	-20.73%	1.76%	4.52%	6.07%	13.54%
Net Nonoperating Expense Percent (NNEP)	7.13%	4.15%	-45.37%	23.95%	29.47%	28.56%	-67.38%	7.05%	16.60%	-186,678.98%	-21.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.97%	9.87%	13.43%	24.09%
Cost of Revenue to Revenue	80.23%	87.71%	89.87%	93.23%	102.98%	91.03%	85.87%	85.12%	83.55%	81.76%	79.58%
SG&A Expenses to Revenue	7.56%	9.18%	9.57%	10.38%	10.49%	10.71%	12.00%	9.51%	8.98%	8.99%	9.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.56%	9.18%	9.57%	14.39%	11.21%	32.59%	12.00%	9.56%	9.03%	8.86%	9.38%
Earnings before Interest and Taxes (EBIT)	358	65	4.60	-154	-284	-446	40	111	181	246	305
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	600	315	218	139	-21	83	40	232	286	350	407
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.21	1.79	1.25	0.85	1.38	1.43	2.24	3.37	3.41	3.69	2.24
Price to Tangible Book Value (P/TBV)	3.03	2.53	1.73	1.20	2.22	1.53	2.40	3.61	3.61	3.96	2.35
Price to Revenue (P/Rev)	1.14	1.20	1.08	0.62	0.72	0.43	0.60	0.85	0.88	0.99	0.86
Price to Earnings (P/E)	15.10	110.56	12.49	0.00	0.00	0.00	0.00	65.06	22.01	17.87	6.78
Dividend Yield	3.03%	3.46%	2.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.62%	0.90%	8.01%	0.00%	0.00%	0.00%	0.00%	1.54%	4.54%	5.60%	14.75%
Enterprise Value to Invested Capital (EV/IC)	1.96	1.65	1.21	0.89	1.27	0.80	1.92	2.88	3.33	3.73	2.52
Enterprise Value to Revenue (EV/Rev)	1.27	1.35	1.27	0.92	0.93	0.63	0.69	0.92	0.89	0.99	0.79
Enterprise Value to EBITDA (EV/EBITDA)	6.50	9.72	11.21	12.63	0.00	13.87	32.63	8.16	7.56	7.51	5.41
Enterprise Value to EBIT (EV/EBIT)	10.87	47.44	531.40	0.00	0.00	0.00	32.63	17.06	11.94	10.66	7.23
Enterprise Value to NOPAT (EV/NOPAT)	15.18	76.26	327.78	0.00	0.00	0.00	0.00	52.00	19.74	16.26	5.84
Enterprise Value to Operating Cash Flow (EV/OCF)	6.91	9.02	17.91	48.10	12.08	8.41	5.76	15.65	10.31	12.92	6.91
Enterprise Value to Free Cash Flow (EV/FCFF)	16.40	17.58	0.00	0.00	6.94	0.00	3.56	35.48	18.33	24.72	10.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.52	0.48	0.65	0.74	1.44	1.37	1.33	0.75	0.67	0.45
Long-Term Debt to Equity	0.50	0.52	0.48	0.65	0.74	1.44	1.37	1.33	0.75	0.67	0.45
Financial Leverage	0.22	0.24	0.22	0.30	0.39	0.79	0.97	0.29	0.13	0.00	-0.12
Leverage Ratio	2.14	2.12	1.93	1.90	2.23	2.93	3.75	3.85	3.68	3.38	2.78
Compound Leverage Factor	2.01	1.42	-7.50	2.29	2.60	3.28	0.38	2.75	3.27	3.09	2.61
Debt to Total Capital	33.52%	34.34%	32.25%	39.26%	42.55%	59.06%	57.87%	57.14%	42.93%	40.09%	31.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	33.52%	34.34%	32.25%	39.26%	42.55%	59.06%	57.87%	57.14%	42.93%	40.09%	31.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.22%	0.26%	0.32%	0.44%	0.50%	0.49%	0.55%	0.50%	0.39%
Common Equity to Total Capital	66.49%	65.66%	67.53%	60.48%	57.13%	40.49%	41.63%	42.37%	56.52%	59.41%	68.45%
Debt to EBITDA	1.33	2.52	3.63	6.57	-38.54	9.72	17.64	3.02	1.67	1.38	1.20
Net Debt to EBITDA	0.68	1.09	1.66	4.02	-20.46	4.27	4.12	0.57	0.05	-0.04	-0.50
Long-Term Debt to EBITDA	1.33	2.52	3.63	6.57	-38.54	9.72	17.64	3.02	1.67	1.38	1.20
Debt to NOPAT	3.10	19.76	106.22	-8.98	-3.91	-2.58	-1.81	19.27	4.35	2.99	1.29
Net Debt to NOPAT	1.60	8.54	48.53	-5.51	-2.08	-1.13	-0.42	3.63	0.14	-0.10	-0.53
Long-Term Debt to NOPAT	3.10	19.76	106.22	-8.98	-3.91	-2.58	-1.81	19.27	4.35	2.99	1.29
Altman Z-Score	3.65	3.12	2.97	2.41	2.16	1.85	2.83	3.24	3.35	3.71	3.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.17%	0.37%	0.49%	0.74%	1.13%	1.17%	1.05%	0.90%	0.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.46	2.48	2.72	2.52	2.07	2.68	2.37	2.28	1.78	1.74	1.99
Quick Ratio	1.62	1.85	2.08	1.46	1.32	1.70	1.60	1.52	1.08	1.01	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	238	174	-164	-51	274	-241	365	53	118	106	206
Operating Cash Flow to CapEx	282.50%	311.48%	147.16%	0.00%	0.00%	232.40%	522.79%	162.11%	226.05%	190.06%	312.19%
Free Cash Flow to Firm to Interest Expense	9.49	6.88	-5.89	-1.36	6.42	-5.50	9.40	1.40	3.23	2.80	5.58
Operating Cash Flow to Interest Expense	22.51	13.41	4.91	0.97	3.69	3.11	5.81	3.16	5.75	5.36	8.62
Operating Cash Flow Less CapEx to Interest Expense	14.54	9.10	1.57	1.43	3.91	1.77	4.70	1.21	3.21	2.54	5.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.69	0.62	0.65	0.74	0.76	0.93	1.03	1.14	1.16	1.11
Accounts Receivable Turnover	4.40	4.12	3.98	4.52	5.18	5.13	6.74	7.39	7.72	8.38	9.10
Inventory Turnover	6.98	6.55	6.97	8.69	11.42	10.53	10.89	10.40	10.28	10.06	10.44
Fixed Asset Turnover	2.38	1.88	1.73	1.88	2.35	2.67	3.46	4.45	5.62	6.30	6.39
Accounts Payable Turnover	20.31	20.34	21.17	18.92	16.97	13.86	14.83	13.01	13.32	12.89	12.44
Days Sales Outstanding (DSO)	82.89	88.58	91.81	80.84	70.42	71.20	54.16	49.42	47.26	43.54	40.12
Days Inventory Outstanding (DIO)	52.29	55.75	52.36	42.01	31.95	34.66	33.53	35.08	35.51	36.29	34.96
Days Payable Outstanding (DPO)	17.97	17.94	17.24	19.29	21.51	26.34	24.62	28.05	27.40	28.32	29.34
Cash Conversion Cycle (CCC)	117.21	126.38	126.93	103.56	80.86	79.52	63.07	56.45	55.37	51.52	45.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,989	1,855	2,027	1,976	1,498	1,427	675	658	650	705	875
Invested Capital Turnover	1.55	1.18	0.99	0.95	1.18	1.25	1.78	3.10	3.71	3.93	3.52
Increase / (Decrease) in Invested Capital	19	-134	171	-51	-478	-71	-752	-17	-8.46	55	170
Enterprise Value (EV)	3,898	3,061	2,445	1,759	1,904	1,149	1,299	1,892	2,165	2,626	2,202
Market Capitalization	3,487	2,718	2,078	1,192	1,475	789	1,129	1,754	2,143	2,636	2,398
Book Value per Share	$16.14	$15.47	$16.88	$14.30	$10.81	$5.56	$5.06	$5.18	$6.24	$7.07	$10.73
Tangible Book Value per Share	$11.77	$10.94	$12.25	$10.11	$6.71	$5.21	$4.71	$4.84	$5.90	$6.58	$10.22
Total Capital	2,375	2,310	2,457	2,330	1,872	1,363	1,213	1,227	1,111	1,202	1,564
Total Debt	796	793	792	915	797	805	702	701	477	482	487
Total Long-Term Debt	796	793	792	915	797	805	702	701	477	482	487
Net Debt	411	343	362	561	423	353	164	132	15	-16	-201
Capital Expenditures (CapEx)	200	109	93	-17	-9.51	59	43	75	93	107	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	516	304	321	396	270	281	149	160	112	93	62
Debt-free Net Working Capital (DFNWC)	902	754	752	750	643	733	687	729	573	591	751
Net Working Capital (NWC)	902	754	752	750	643	733	687	729	573	591	751
Net Nonoperating Expense (NNE)	26	16	-159	110	145	184	-348	10	12	14	23
Net Nonoperating Obligations (NNO)	411	339	362	561	423	869	164	132	15	-16	-201
Total Depreciation and Amortization (D&A)	241	250	214	294	263	529	0.00	121	105	103	102
Debt-free, Cash-free Net Working Capital to Revenue	16.86%	13.38%	16.72%	20.73%	13.17%	15.38%	7.96%	7.74%	4.60%	3.51%	2.22%
Debt-free Net Working Capital to Revenue	29.44%	33.20%	39.12%	39.29%	31.42%	40.11%	36.74%	35.27%	23.64%	22.21%	26.96%
Net Working Capital to Revenue	29.44%	33.20%	39.12%	39.29%	31.42%	40.11%	36.74%	35.27%	23.64%	22.21%	26.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.35	$0.25	$1.69	($2.16)	($3.52)	($5.01)	($0.49)	$0.26	$0.97	$1.46	$3.53
Adjusted Weighted Average Basic Shares Outstanding	98.42M	98.04M	98.24M	98.50M	98.88M	99.23M	99.71M	100.19M	100.70M	101.18M	100.22M
Adjusted Diluted Earnings per Share	$2.34	$0.25	$1.68	($2.16)	($3.52)	($5.01)	($0.49)	$0.26	$0.95	$1.44	$3.49
Adjusted Weighted Average Diluted Shares Outstanding	98.81M	98.42M	98.76M	98.50M	0.00	99.23M	99.71M	101.45M	102.16M	102.37M	101.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	97.85M	98.07M	98.46M	98.84M	98.93M	198.62M	199.30M	100.15M	100.81M	110.83M	99.39M
Normalized Net Operating Profit after Tax (NOPAT)	257	40	7.46	-48	-193	-22	28	78	110	161	213
Normalized NOPAT Margin	8.38%	1.77%	0.39%	-2.53%	-9.43%	-1.22%	1.49%	3.76%	4.52%	6.07%	7.66%
Pre Tax Income Margin	10.98%	1.91%	-0.93%	-9.73%	-16.15%	-27.29%	0.22%	3.83%	6.64%	8.45%	10.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.31	2.55	0.17	-4.09	-6.65	-10.16	1.03	2.90	4.96	6.50	8.24
NOPAT to Interest Expense	10.25	1.59	0.27	-2.70	-4.76	-7.11	-9.99	0.95	3.00	4.26	10.19
EBIT Less CapEx to Interest Expense	6.34	-1.76	-3.17	-3.63	-6.43	-11.50	-0.09	0.95	2.42	3.68	5.47
NOPAT Less CapEx to Interest Expense	2.28	-2.72	-3.07	-2.24	-4.54	-8.45	-11.10	-1.00	0.46	1.44	7.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.08%	382.89%	26.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	89.57%	382.89%	26.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.59%	11.38%

This table displays calculated financial ratios and metrics derived from Oceaneering International's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	99,393,743.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	99,393,743.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.36
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.49%	22.08%	11.57%	11.86%	7.03%	8.99%	12.59%	4.39%	9.28%	-6.29%	2.65%
EBITDA Growth	11.32%	10.73%	19.36%	26.95%	18.03%	24.31%	51.61%	24.81%	11.91%	-10.67%	-13.27%
EBIT Growth	29.01%	23.31%	42.29%	43.30%	26.43%	36.86%	95.03%	36.12%	14.80%	-16.01%	-21.29%
NOPAT Growth	43.44%	63.12%	259.94%	57.18%	32.37%	40.06%	209.12%	43.93%	80.01%	214.41%	-28.67%
Net Income Growth	62.88%	92.53%	272.78%	84.18%	38.32%	25.98%	232.85%	55.56%	72.88%	216.68%	-28.33%
EPS Growth	61.11%	86.96%	275.00%	78.95%	37.93%	27.91%	226.67%	58.82%	77.50%	218.18%	-26.53%
Operating Cash Flow Growth	-7.32%	-4.17%	-62.44%	157.31%	15.48%	-15.99%	-15.78%	46.68%	10.15%	72.25%	26.76%
Free Cash Flow Firm Growth	-40.27%	20.23%	-127.43%	-62.38%	-61.45%	-84.68%	-458.53%	-377.66%	-421.96%	254.32%	-1.48%
Invested Capital Growth	-4.67%	-1.29%	4.24%	0.77%	2.36%	8.50%	16.99%	19.26%	21.95%	24.18%	12.91%
Revenue Q/Q Growth	6.23%	3.06%	-8.48%	11.64%	1.65%	4.95%	-5.46%	3.50%	6.41%	-10.00%	3.57%
EBITDA Q/Q Growth	21.75%	-7.98%	-16.10%	35.06%	13.20%	-3.09%	2.32%	11.19%	1.50%	-22.64%	-0.67%
EBIT Q/Q Growth	35.85%	-11.29%	-26.94%	62.74%	19.87%	-3.97%	4.11%	13.58%	1.10%	-29.75%	-2.43%
NOPAT Q/Q Growth	33.28%	39.92%	-61.92%	121.33%	12.24%	48.06%	-15.96%	3.05%	40.38%	158.60%	-80.93%
Net Income Q/Q Growth	56.89%	49.37%	-66.01%	131.23%	17.83%	36.04%	-10.20%	8.07%	30.94%	149.20%	-79.68%
EPS Q/Q Growth	52.63%	48.28%	-65.12%	126.67%	17.65%	37.50%	-10.91%	10.20%	31.48%	146.48%	-79.43%
Operating Cash Flow Q/Q Growth	289.26%	91.96%	-145.62%	175.48%	74.70%	39.65%	-162.88%	195.63%	31.19%	118.37%	-126.73%
Free Cash Flow Firm Q/Q Growth	-21.86%	-20.24%	-124.80%	343.44%	-19.93%	-68.31%	-1,004.11%	-21.02%	7.16%	134.88%	-358.94%
Invested Capital Q/Q Growth	-4.26%	-9.28%	15.86%	0.13%	-2.75%	-3.83%	24.92%	2.07%	-0.55%	-2.08%	13.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.06%	16.14%	15.42%	17.97%	19.26%	19.89%	20.02%	21.26%	20.56%	19.78%	18.38%
EBITDA Margin	13.30%	11.88%	10.89%	13.17%	14.67%	13.55%	14.66%	15.75%	15.02%	12.91%	12.39%
Operating Margin	9.12%	7.25%	6.12%	9.03%	10.49%	10.92%	10.89%	11.34%	11.64%	9.78%	8.35%
EBIT Margin	9.27%	7.98%	6.37%	9.29%	10.95%	10.02%	11.04%	12.11%	11.51%	8.98%	8.46%
Profit (Net Income) Margin	4.69%	6.80%	2.53%	5.23%	6.07%	7.86%	7.47%	7.80%	9.60%	26.57%	5.21%
Tax Burden Percent	55.91%	95.52%	47.04%	63.28%	60.11%	81.51%	72.61%	69.43%	89.22%	305.25%	65.85%
Interest Burden Percent	90.53%	89.22%	84.30%	89.02%	92.13%	96.25%	93.19%	92.73%	93.47%	96.90%	93.57%
Effective Tax Rate	44.09%	4.48%	52.96%	36.72%	39.89%	18.49%	27.39%	30.57%	10.79%	-205.25%	34.15%
Return on Invested Capital (ROIC)	16.03%	25.68%	9.72%	19.46%	22.66%	34.96%	26.51%	26.36%	36.14%	105.20%	16.43%
ROIC Less NNEP Spread (ROIC-NNEP)	14.80%	24.60%	8.39%	17.27%	20.76%	98,431.95%	23.86%	25.63%	-96.53%	125.42%	38.92%
Return on Net Nonoperating Assets (RNNOA)	5.88%	3.13%	2.32%	4.19%	2.81%	-1.09%	3.81%	2.51%	-0.53%	-15.14%	-0.36%
Return on Equity (ROE)	21.92%	28.81%	12.03%	23.64%	25.46%	33.87%	30.32%	28.87%	35.61%	90.06%	16.07%
Cash Return on Invested Capital (CROIC)	16.97%	18.07%	12.35%	17.15%	17.64%	15.69%	8.51%	8.33%	10.75%	26.13%	26.43%
Operating Return on Assets (OROA)	10.10%	9.06%	7.42%	10.63%	12.21%	11.66%	13.41%	14.46%	13.30%	10.00%	9.64%
Return on Assets (ROA)	5.11%	7.72%	2.94%	5.99%	6.76%	9.15%	9.08%	9.31%	11.09%	29.57%	5.94%
Return on Common Equity (ROCE)	21.67%	28.51%	11.91%	23.41%	25.22%	33.57%	30.06%	28.64%	35.34%	89.45%	15.97%
Return on Equity Simple (ROE_SIMPLE)	13.42%	0.00%	17.41%	19.12%	19.47%	0.00%	23.63%	24.01%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	32	45	17	38	43	63	53	55	77	200	38
NOPAT Margin	5.10%	6.92%	2.88%	5.71%	6.31%	8.90%	7.91%	7.87%	10.39%	29.85%	5.50%
Net Nonoperating Expense Percent (NNEP)	1.24%	1.07%	1.33%	2.19%	1.90%	-98,396.99%	2.64%	0.73%	132.67%	-20.21%	-22.49%
Return On Investment Capital (ROIC_SIMPLE)	-	4.08%	-	-	-	5.28%	4.23%	4.13%	5.51%	12.76%	2.38%
Cost of Revenue to Revenue	81.94%	83.86%	84.58%	82.03%	80.74%	80.11%	79.98%	78.74%	79.44%	80.22%	81.62%
SG&A Expenses to Revenue	8.94%	8.89%	9.30%	8.95%	8.77%	8.98%	9.12%	9.92%	8.91%	10.00%	10.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.94%	9.08%	9.30%	8.95%	8.77%	8.49%	9.12%	9.92%	8.91%	9.59%	10.03%
Earnings before Interest and Taxes (EBIT)	59	52	38	62	74	72	74	85	85	60	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	78	65	88	100	97	99	110	112	86	86
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.58	3.41	3.78	3.68	3.62	3.69	3.13	2.48	2.74	2.24	3.19
Price to Tangible Book Value (P/TBV)	4.87	3.61	4.00	3.89	3.80	3.96	3.34	2.64	2.90	2.35	3.34
Price to Revenue (P/Rev)	1.12	0.88	0.95	0.94	0.97	0.99	0.88	0.75	0.88	0.86	1.26
Price to Earnings (P/E)	33.66	22.01	21.73	19.27	18.57	17.87	13.23	10.31	10.69	6.78	10.38
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.97%	4.54%	4.60%	5.19%	5.38%	5.60%	7.56%	9.70%	9.35%	14.75%	9.63%
Enterprise Value to Invested Capital (EV/IC)	3.83	3.33	3.30	3.32	3.49	3.73	2.87	2.38	2.76	2.52	3.43
Enterprise Value to Revenue (EV/Rev)	1.19	0.89	1.00	0.98	0.98	0.99	0.92	0.77	0.87	0.79	1.22
Enterprise Value to EBITDA (EV/EBITDA)	9.84	7.56	8.38	7.93	7.73	7.51	6.59	5.28	5.92	5.41	8.67
Enterprise Value to EBIT (EV/EBIT)	15.99	11.94	12.91	11.83	11.27	10.66	8.94	7.02	7.81	7.23	11.82
Enterprise Value to NOPAT (EV/NOPAT)	30.64	19.74	20.44	18.61	17.68	16.26	12.80	10.01	9.95	5.84	9.44
Enterprise Value to Operating Cash Flow (EV/OCF)	12.66	10.31	13.58	11.62	11.24	12.92	13.13	9.88	10.92	6.91	10.02
Enterprise Value to Free Cash Flow (EV/FCFF)	22.02	18.33	27.31	19.43	20.02	24.72	36.34	31.11	28.25	10.67	13.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.22	0.75	0.76	0.73	0.68	0.67	0.62	0.57	0.53	0.45	0.44
Long-Term Debt to Equity	0.99	0.75	0.76	0.73	0.68	0.67	0.62	0.57	0.53	0.45	0.44
Financial Leverage	0.40	0.13	0.28	0.24	0.14	0.00	0.16	0.10	0.01	-0.12	-0.01
Leverage Ratio	4.04	3.68	3.70	3.70	3.66	3.38	3.20	3.08	3.03	2.78	2.60
Compound Leverage Factor	3.65	3.29	3.12	3.29	3.37	3.25	2.98	2.85	2.83	2.70	2.43
Debt to Total Capital	55.02%	42.93%	43.18%	42.18%	40.57%	40.09%	38.28%	36.36%	34.72%	31.16%	30.52%
Short-Term Debt to Total Capital	10.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.68%	42.93%	43.18%	42.18%	40.57%	40.09%	38.28%	36.36%	34.72%	31.16%	30.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.48%	0.55%	0.55%	0.53%	0.51%	0.50%	0.48%	0.45%	0.43%	0.39%	0.38%
Common Equity to Total Capital	44.50%	56.52%	56.27%	57.29%	58.91%	59.41%	61.24%	63.18%	64.84%	68.45%	69.10%
Debt to EBITDA	2.51	1.67	1.61	1.52	1.45	1.38	1.26	1.20	1.17	1.20	1.24
Net Debt to EBITDA	0.52	0.05	0.42	0.31	0.09	-0.04	0.26	0.12	-0.05	-0.50	-0.30
Long-Term Debt to EBITDA	2.04	1.67	1.61	1.52	1.45	1.38	1.26	1.20	1.17	1.20	1.24
Debt to NOPAT	7.82	4.35	3.93	3.57	3.32	2.99	2.45	2.27	1.96	1.29	1.35
Net Debt to NOPAT	1.61	0.14	1.02	0.72	0.20	-0.10	0.51	0.24	-0.08	-0.53	-0.33
Long-Term Debt to NOPAT	6.35	4.35	3.93	3.57	3.32	2.99	2.45	2.27	1.96	1.29	1.35
Altman Z-Score	3.15	3.16	3.25	3.26	3.34	3.46	3.61	3.52	3.45	3.37	3.91
Noncontrolling Interest Sharing Ratio	1.16%	1.05%	1.05%	1.00%	0.95%	0.90%	0.86%	0.81%	0.75%	0.67%	0.64%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.78	1.76	1.72	1.76	1.74	1.89	2.00	1.97	1.99	2.08
Quick Ratio	0.49	1.08	0.55	0.52	0.47	1.01	0.53	0.56	0.53	1.31	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	67	54	-13	32	26	8.24	-74	-90	-84	29	-76
Operating Cash Flow to CapEx	306.94%	583.02%	-273.21%	230.22%	372.66%	378.98%	-315.70%	250.67%	626.59%	746.68%	-340.37%
Free Cash Flow to Firm to Interest Expense	6.88	6.79	-1.45	3.41	2.75	0.85	-8.21	-9.52	-8.92	3.23	-8.30
Operating Cash Flow to Interest Expense	8.12	19.29	-7.57	5.53	9.72	13.18	-8.89	8.15	10.79	24.44	-6.49
Operating Cash Flow Less CapEx to Interest Expense	5.48	15.98	-10.35	3.13	7.11	9.70	-11.71	4.90	9.07	21.16	-8.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.14	1.16	1.14	1.11	1.16	1.22	1.19	1.16	1.11	1.14
Accounts Receivable Turnover	5.94	7.72	7.09	6.60	6.76	8.38	7.24	6.96	7.21	9.10	7.54
Inventory Turnover	10.23	10.28	10.00	9.66	9.57	10.06	10.09	9.65	9.79	10.44	10.45
Fixed Asset Turnover	5.39	5.62	5.86	6.07	6.16	6.30	6.41	6.42	6.53	6.39	6.39
Accounts Payable Turnover	13.23	13.32	14.04	13.13	12.74	12.89	13.72	13.22	12.71	12.44	12.97
Days Sales Outstanding (DSO)	61.46	47.26	51.51	55.29	54.01	43.54	50.41	52.42	50.59	40.12	48.43
Days Inventory Outstanding (DIO)	35.68	35.51	36.49	37.80	38.12	36.29	36.17	37.82	37.27	34.96	34.93
Days Payable Outstanding (DPO)	27.59	27.40	26.00	27.81	28.66	28.32	26.61	27.61	28.72	29.34	28.15
Cash Conversion Cycle (CCC)	69.55	55.37	62.01	65.29	63.47	51.52	59.97	62.63	59.15	45.74	55.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	716	650	753	754	733	705	880	899	894	875	994
Invested Capital Turnover	3.14	3.71	3.37	3.41	3.59	3.93	3.35	3.35	3.48	3.52	2.99
Increase / (Decrease) in Invested Capital	-35	-8.46	31	5.73	17	55	128	145	161	170	114
Enterprise Value (EV)	2,742	2,165	2,487	2,501	2,559	2,626	2,525	2,141	2,469	2,202	3,413
Market Capitalization	2,592	2,143	2,357	2,399	2,524	2,636	2,417	2,084	2,483	2,398	3,525
Book Value per Share	$5.62	$6.24	$6.17	$6.42	$6.88	$7.07	$7.67	$8.37	$9.06	$10.73	$11.13
Tangible Book Value per Share	$5.28	$5.90	$5.83	$6.09	$6.54	$6.58	$7.18	$7.86	$8.55	$10.22	$10.62
Total Capital	1,272	1,111	1,107	1,136	1,185	1,202	1,262	1,333	1,400	1,564	1,602
Total Debt	700	477	478	479	481	482	483	485	486	487	489
Total Long-Term Debt	568	477	478	479	481	482	483	485	486	487	489
Net Debt	144	15	123	97	29	-16	101	51	-20	-201	-119
Capital Expenditures (CapEx)	26	26	26	23	25	34	26	31	16	30	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	233	112	179	177	159	93	247	262	232	62	180
Debt-free Net Working Capital (DFNWC)	790	573	534	560	611	591	629	696	738	751	788
Net Working Capital (NWC)	658	573	534	560	611	591	629	696	738	751	788
Net Nonoperating Expense (NNE)	2.58	0.79	2.12	3.20	1.64	7.38	2.97	0.54	5.89	22	1.95
Net Nonoperating Obligations (NNO)	144	15	123	97	29	-16	101	51	-20	-201	-119
Total Depreciation and Amortization (D&A)	26	25	27	26	25	25	24	25	26	26	27
Debt-free, Cash-free Net Working Capital to Revenue	10.12%	4.60%	7.21%	6.93%	6.11%	3.51%	9.03%	9.47%	8.20%	2.22%	6.43%
Debt-free Net Working Capital to Revenue	34.24%	23.64%	21.48%	21.90%	23.48%	22.21%	22.99%	25.16%	26.09%	26.96%	28.11%
Net Working Capital to Revenue	28.54%	23.64%	21.48%	21.90%	23.48%	22.21%	22.99%	25.16%	26.09%	26.96%	28.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	$0.44	$0.15	$0.34	$0.41	$0.56	$0.50	$0.54	$0.71	$1.78	$0.36
Adjusted Weighted Average Basic Shares Outstanding	100.78M	100.70M	101.03M	101.44M	101.42M	101.18M	100.75M	100.56M	100.02M	100.22M	99.53M
Adjusted Diluted Earnings per Share	$0.29	$0.43	$0.15	$0.34	$0.40	$0.55	$0.49	$0.54	$0.71	$1.75	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	102.21M	102.16M	102.25M	102.47M	102.61M	102.37M	101.90M	101.37M	101.06M	101.26M	100.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.73M	100.81M	101.39M	101.48M	101.06M	110.83M	100.59M	100.21M	99.78M	99.39M	99.75M
Normalized Net Operating Profit after Tax (NOPAT)	32	45	26	38	43	63	53	55	77	46	38
Normalized NOPAT Margin	5.10%	6.92%	4.29%	5.71%	6.31%	8.90%	7.91%	7.87%	10.39%	6.85%	5.50%
Pre Tax Income Margin	8.39%	7.12%	5.37%	8.27%	10.09%	9.65%	10.29%	11.23%	10.76%	8.70%	7.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.01	6.60	4.15	6.53	7.88	7.34	8.20	8.93	9.11	6.64	6.44
NOPAT to Interest Expense	3.30	5.72	1.88	4.01	4.53	6.52	5.88	5.80	8.23	22.06	4.18
EBIT Less CapEx to Interest Expense	3.36	3.29	1.37	4.13	5.27	3.86	5.39	5.68	7.39	3.36	4.53
NOPAT Less CapEx to Interest Expense	0.66	2.41	-0.90	1.61	1.93	3.04	3.06	2.55	6.50	18.78	2.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	7.35%	13.59%	16.45%	19.87%	17.34%	11.38%	8.91%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor-focused read on Oceaneering International (NYSE: OII) using the last four years of quarterly statements provided. The highlights focus on cash generation, profitability trends, and balance-sheet liquidity.

Strong near-term profitability and margin expansion in late 2025. In Q4 2025, net income attributable to common shareholders rose to about $177.7M on $668.6M of revenue, yielding roughly a 26.6% net margin and signaling meaningful earnings strength versus prior-year periods.
Robust operating cash flow in the latest quarter. Q4 2025 shows net cash from continuing operating activities of about $221.1M, contributing to a solid trailing cash-flow picture despite uneven quarterly results in earlier quarters.
Solid liquidity and a healthy current ratio. Late-2025 balance-sheet data show total current assets near $1.50B and total current liabilities around $0.764B, implying a current ratio close to 2x and a comfortable liquidity cushion.
Earnings per share momentum improving. Diluted earnings per share (EPS) for Q4 2025 is $1.75, with basic EPS about $1.78, reflecting meaningful per-share profitability gains versus prior periods.
Debt level remains well-managed and stable. Long-term debt sits in the mid-$480M range and appears relatively flat across 2023–2025, suggesting stable leverage rather than a rising debt burden.
Revenue has shown variability but remains in a similar high-600s to low-700s band. Q4 2025 revenue ($668.6M) is down from Q4 2024 ($713.5M), illustrating some volatility but staying within a close range historically.
Gross margin roughly aligned with historical levels. Total gross margins have hovered around 19–21% across the period, with only modest year-over-year changes in 2025.
Capex and investing cash flow remain moderate and asset-intensive. Quarterly capex typically runs in the mid-$20M to low-$40M range, with investing cash flow consistently negative as the company funds asset investment.
Cash from financing activities remains a modest drag. In the latest quarter, net cash from financing activities is slightly negative (about -$9.86M), indicating ongoing financing costs or modest debt movements.
Occasional quarterly OCF dips observed earlier in the period. Some quarters (e.g., Q1 2025 and Q1 2024) show negative operating cash flow, underscoring cyclicality, even as later quarters improved.

05/21/26 02:00 PM ETAI Generated. May Contain Errors.

Oceaneering International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Oceaneering International's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Oceaneering International's net income appears to be on a downward trend, with a most recent value of $353.76 million in 2025, rising from $231.01 million in 2015. The previous period was $147.47 million in 2024. Find out what analysts predict for Oceaneering International in the coming months.

Oceaneering International's total operating income in 2025 was $304.55 million, based on the following breakdown:

Total Gross Profit: $568.44 million
Total Operating Expenses: $261.09 million

Over the last 10 years, Oceaneering International's total revenue changed from $3.06 billion in 2015 to $2.78 billion in 2025, a change of -9.1%.

Oceaneering International's total liabilities were at $1.59 billion at the end of 2025, a 1.6% decrease from 2024, and a 14.1% decrease since 2015.

Over the last 10 years, Oceaneering International's book value per share changed from 16.14 in 2015 to 10.73 in 2025, a change of -33.5%.

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Financial statements for NYSE:OII last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Oceaneering International (OII) Financials

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Oceaneering International (OII) Financials

Annual Income Statements for Oceaneering International

Quarterly Income Statements for Oceaneering International

Annual Cash Flow Statements for Oceaneering International

Quarterly Cash Flow Statements for Oceaneering International

Annual Balance Sheets for Oceaneering International

Quarterly Balance Sheets for Oceaneering International

Annual Metrics And Ratios for Oceaneering International

Quarterly Metrics And Ratios for Oceaneering International

Financials Breakdown Chart

Key Financial Trends

Oceaneering International Financials - Frequently Asked Questions

When does Oceaneering International's financial year end?

How has Oceaneering International's net income changed over the last 10 years?

What is Oceaneering International's operating income?

How has Oceaneering International's revenue changed over the last 10 years?

How much debt does Oceaneering International have?

How has Oceaneering International's book value per share changed over the last 10 years?

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