Oceaneering Intl Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Oceaneering Intl has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is up from 7.5% the prior year.
Oceaneering Intl's revenue grew 9.8% year-over-year to $2.7B, a solid pace of expansion. This earns a growth score of 56/100.
Oceaneering Intl carries a low D/E ratio of 0.67, meaning only $0.67 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Oceaneering Intl's current ratio of 1.74 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
Oceaneering Intl's free cash flow margin of 3.6% results in a low score of 18/100. Capital expenditures of $107.1M absorb a large share of operating cash flow.
Oceaneering Intl earns a strong 20.6% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 83/100. This is up from 15.5% the prior year.
Oceaneering Intl scores 3.96, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Oceaneering Intl passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Oceaneering Intl generates $1.38 in operating cash flow ($203.2M OCF vs $147.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Oceaneering Intl earns $6.5 in operating income for every $1 of interest expense ($246.3M vs $37.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Oceaneering Intl (OII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Oceaneering Intl generated $2.7B in revenue in fiscal year 2024. This represents an increase of 9.8% from the prior year.
Oceaneering Intl's EBITDA was $349.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.2% from the prior year.
Oceaneering Intl generated $96.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 12.0% from the prior year.
Oceaneering Intl reported $147.5M in net income in fiscal year 2024. This represents an increase of 51.4% from the prior year.
Oceaneering Intl earned $1.44 per diluted share (EPS) in fiscal year 2024. This represents an increase of 51.6% from the prior year.
Oceaneering Intl held $497.5M in cash against $482.0M in long-term debt as of fiscal year 2024.
Oceaneering Intl had 101M shares outstanding in fiscal year 2024. This represents a decrease of 9.2% from the prior year.
Oceaneering Intl's gross margin was 18.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.
Oceaneering Intl's operating margin was 9.3% in fiscal year 2024, reflecting core business profitability. This is up 1.8 percentage points from the prior year.
Oceaneering Intl's net profit margin was 5.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Oceaneering Intl's ROE was 20.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.1 percentage points from the prior year.
Oceaneering Intl spent $20.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Oceaneering Intl invested $107.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 6.4% from the prior year.
OII Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $742.9M+6.4% | $698.2M+3.5% | $674.5M-5.5% | $713.5M+6.7% | $668.8M+11.6% | $599.1M-8.5% | $654.6M+3.1% | $635.2M |
| Cost of Revenue | $590.2M+7.4% | $549.7M+1.9% | $539.5M-5.6% | $571.5M+4.2% | $548.6M+8.3% | $506.7M-7.7% | $549.0M+5.5% | $520.5M |
| Gross Profit | $152.7M+2.9% | $148.4M+9.9% | $135.0M-4.9% | $141.9M+18.1% | $120.2M+30.1% | $92.4M-12.5% | $105.6M-7.9% | $114.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $66.2M-4.4% | $69.2M+12.5% | $61.5M-3.9% | $64.1M+7.0% | $59.8M+7.5% | $55.7M-4.3% | $58.2M+2.5% | $56.8M |
| Operating Income | $86.5M+9.2% | $79.2M+7.8% | $73.5M-5.7% | $77.9M+29.0% | $60.4M+64.5% | $36.7M-22.7% | $47.5M-18.1% | $57.9M |
| Interest Expense | $9.4M-1.0% | $9.5M+4.4% | $9.1M-6.8% | $9.7M+2.4% | $9.5M+3.4% | $9.2M+16.2% | $7.9M-19.2% | $9.8M |
| Income Tax | $8.6M-64.1% | $24.0M+26.2% | $19.0M+49.3% | $12.7M-37.3% | $20.3M+19.2% | $17.0M+715.5% | $2.1M-91.1% | $23.5M |
| Net Income | $71.3M+30.9% | $54.4M+8.1% | $50.4M-10.2% | $56.1M+60.3% | $35.0M+131.2% | $15.1M-66.0% | $44.5M+49.4% | $29.8M |
| EPS (Diluted) | $0.71+31.5% | $0.54+10.2% | $0.49-10.9% | $0.55+61.8% | $0.34+126.7% | $0.15-65.1% | $0.43+48.3% | $0.29 |
OII Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+9.1% | $2.3B+2.3% | $2.3B-2.6% | $2.3B+1.4% | $2.3B+3.4% | $2.2B-0.5% | $2.2B-3.2% | $2.3B |
| Current Assets | $1.5B+7.8% | $1.4B+4.3% | $1.3B-3.8% | $1.4B+3.8% | $1.3B+8.1% | $1.2B-5.2% | $1.3B-10.5% | $1.5B |
| Cash & Equivalents | $506.0M+16.6% | $434.0M+13.6% | $382.0M-23.2% | $497.5M+29.9% | $382.9M+7.9% | $354.7M-23.2% | $461.6M-17.0% | $556.4M |
| Inventory | $218.1M-3.7% | $226.6M+2.6% | $220.8M-0.9% | $222.8M-3.7% | $231.3M+6.6% | $216.9M+3.4% | $209.8M+0.8% | $208.2M |
| Accounts Receivable | $405.9M+4.2% | $389.4M+4.8% | $371.7M+22.4% | $303.6M-25.1% | $405.1M+5.5% | $384.1M+15.9% | $331.3M-15.4% | $391.7M |
| Goodwill | $51.0M-0.7% | $51.4M+2.4% | $50.2M+1.7% | $49.4M+45.0% | $34.0M+0.1% | $34.0M-0.7% | $34.2M+0.6% | $34.0M |
| Total Liabilities | $1.6B+9.8% | $1.5B-1.1% | $1.5B-7.4% | $1.6B-1.9% | $1.7B+3.0% | $1.6B-0.3% | $1.6B-7.7% | $1.7B |
| Current Liabilities | $763.9M+9.6% | $696.9M-1.4% | $706.4M-11.4% | $796.9M+2.6% | $776.9M+10.5% | $703.4M-4.0% | $732.5M-8.5% | $800.5M |
| Long-Term Debt | $486.0M+0.3% | $484.6M+0.3% | $483.3M+0.3% | $482.0M+0.5% | $479.4M+0.3% | $478.2M+0.2% | $477.1M-16.1% | $568.5M |
| Total Equity | $907.7M+7.8% | $842.1M+8.9% | $773.1M+8.2% | $714.3M+9.7% | $651.0M+4.5% | $623.1M-0.8% | $628.0M+10.9% | $566.3M |
| Retained Earnings | $1.7B+4.2% | $1.7B+3.4% | $1.6B+3.2% | $1.6B+6.6% | $1.5B+2.4% | $1.4B+1.1% | $1.4B+3.2% | $1.4B |
OII Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $101.3M+31.2% | $77.2M+195.6% | -$80.7M-162.9% | $128.4M+144.0% | $52.6M+175.5% | -$69.7M-145.6% | $152.8M+92.0% | $79.6M |
| Capital Expenditures | $24.2M-20.0% | $30.3M+16.0% | $26.1M-23.0% | $33.9M+48.2% | $22.9M-10.4% | $25.5M-25.0% | $34.0M+31.2% | $25.9M |
| Free Cash Flow | $77.0M+64.2% | $46.9M+143.9% | -$106.8M-213.0% | $94.5M+217.5% | $29.8M+131.3% | -$95.2M-180.2% | $118.8M+121.3% | $53.7M |
| Investing Cash Flow | -$16.5M+40.4% | -$27.7M-14.0% | -$24.3M+60.1% | -$60.9M-204.5% | -$20.0M+13.8% | -$23.2M+22.1% | -$29.8M-51.1% | -$19.7M |
| Financing Cash Flow | -$10.1M-1.1% | -$10.0M+36.1% | -$15.6M-57.3% | -$9.9M-2287.0% | $454K+106.1% | -$7.5M+96.6% | -$222.2M-109002.5% | $204K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $10.1M0.0% | $10.1M+1.0% | $10.0M-0.5% | $10.1M | N/A | N/A | N/A | N/A |
OII Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.6%-0.7pp | 21.3%+1.2pp | 20.0%+0.1pp | 19.9%+1.9pp | 18.0%+2.5pp | 15.4%-0.7pp | 16.1%-1.9pp | 18.1% |
| Operating Margin | 11.6%+0.3pp | 11.3%+0.5pp | 10.9%-0.0pp | 10.9%+1.9pp | 9.0%+2.9pp | 6.1%-1.1pp | 7.2%-1.9pp | 9.1% |
| Net Margin | 9.6%+1.8pp | 7.8%+0.3pp | 7.5%-0.4pp | 7.9%+2.6pp | 5.2%+2.7pp | 2.5%-4.3pp | 6.8%+2.1pp | 4.7% |
| Return on Equity | 7.8%+1.4pp | 6.5%-0.1pp | 6.5%-1.3pp | 7.8%+2.5pp | 5.4%+3.0pp | 2.4%-4.7pp | 7.1%+1.8pp | 5.3% |
| Return on Assets | 2.8%+0.5pp | 2.3%+0.1pp | 2.2%-0.2pp | 2.4%+0.9pp | 1.5%+0.8pp | 0.7%-1.3pp | 2.0%+0.7pp | 1.3% |
| Current Ratio | 1.97-0.0 | 2.00+0.1 | 1.89+0.1 | 1.74+0.0 | 1.72-0.0 | 1.76-0.0 | 1.78-0.0 | 1.82 |
| Debt-to-Equity | 0.54-0.0 | 0.58-0.0 | 0.63-0.0 | 0.67-0.1 | 0.74-0.0 | 0.770.0 | 0.76-0.2 | 1.00 |
| FCF Margin | 10.4%+3.7pp | 6.7%+22.5pp | -15.8%-29.1pp | 13.3%+8.8pp | 4.5%+20.4pp | -15.9%-34.0pp | 18.1%+9.7pp | 8.5% |
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Frequently Asked Questions
What is Oceaneering Intl's annual revenue?
Oceaneering Intl (OII) reported $2.7B in total revenue for fiscal year 2024. This represents a 9.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Oceaneering Intl's revenue growing?
Oceaneering Intl (OII) revenue grew by 9.8% year-over-year, from $2.4B to $2.7B in fiscal year 2024.
Is Oceaneering Intl profitable?
Yes, Oceaneering Intl (OII) reported a net income of $147.5M in fiscal year 2024, with a net profit margin of 5.5%.
What is Oceaneering Intl's earnings per share (EPS)?
Oceaneering Intl (OII) reported diluted earnings per share of $1.44 for fiscal year 2024. This represents a 51.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Oceaneering Intl's EBITDA?
Oceaneering Intl (OII) had EBITDA of $349.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Oceaneering Intl have?
As of fiscal year 2024, Oceaneering Intl (OII) had $497.5M in cash and equivalents against $482.0M in long-term debt.
What is Oceaneering Intl's gross margin?
Oceaneering Intl (OII) had a gross margin of 18.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Oceaneering Intl's operating margin?
Oceaneering Intl (OII) had an operating margin of 9.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Oceaneering Intl's net profit margin?
Oceaneering Intl (OII) had a net profit margin of 5.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Oceaneering Intl's return on equity (ROE)?
Oceaneering Intl (OII) has a return on equity of 20.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Oceaneering Intl's free cash flow?
Oceaneering Intl (OII) generated $96.1M in free cash flow during fiscal year 2024. This represents a -12.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Oceaneering Intl's operating cash flow?
Oceaneering Intl (OII) generated $203.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Oceaneering Intl's total assets?
Oceaneering Intl (OII) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Oceaneering Intl's capital expenditures?
Oceaneering Intl (OII) invested $107.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Oceaneering Intl buy back shares?
Yes, Oceaneering Intl (OII) spent $20.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Oceaneering Intl have outstanding?
Oceaneering Intl (OII) had 101M shares outstanding as of fiscal year 2024.
What is Oceaneering Intl's current ratio?
Oceaneering Intl (OII) had a current ratio of 1.74 as of fiscal year 2024, which is generally considered healthy.
What is Oceaneering Intl's debt-to-equity ratio?
Oceaneering Intl (OII) had a debt-to-equity ratio of 0.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oceaneering Intl's return on assets (ROA)?
Oceaneering Intl (OII) had a return on assets of 6.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oceaneering Intl's Altman Z-Score?
Oceaneering Intl (OII) has an Altman Z-Score of 3.96, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Oceaneering Intl's Piotroski F-Score?
Oceaneering Intl (OII) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Oceaneering Intl's earnings high quality?
Oceaneering Intl (OII) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Oceaneering Intl cover its interest payments?
Oceaneering Intl (OII) has an interest coverage ratio of 6.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Oceaneering Intl?
Oceaneering Intl (OII) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.