Oil States Intl Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Oil States Intl has an operating margin of -0.2%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 3.0% the prior year.
Oil States Intl's revenue declined 11.5% year-over-year, from $782.3M to $692.6M. This contraction results in a growth score of 0/100.
Oil States Intl carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.16, Oil States Intl holds $3.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Oil States Intl generated $45.9M in operating cash flow, capex of $37.5M consumed most of it, leaving $8.4M in free cash flow. This results in a low score of 6/100, reflecting heavy capital investment rather than weak cash generation.
Oil States Intl passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Oil States Intl generates $-4.08 in operating cash flow ($45.9M OCF vs -$11.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Oil States Intl earns $-0.2 in operating income for every $1 of interest expense (-$1.7M vs $8.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Oil States Intl (OIS) 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
Oil States Intl generated $692.6M in revenue in fiscal year 2024. This represents a decrease of 11.5% from the prior year.
Oil States Intl's EBITDA was $53.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 36.8% from the prior year.
Oil States Intl generated $8.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 67.6% from the prior year.
Oil States Intl reported -$11.3M in net income in fiscal year 2024. This represents a decrease of 187.3% from the prior year.
Oil States Intl earned $-0.18 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 190.0% from the prior year.
Oil States Intl held $65.4M in cash against $124.7M in long-term debt as of fiscal year 2024.
Oil States Intl had 62M shares outstanding in fiscal year 2024. This represents a decrease of 2.9% from the prior year.
Oil States Intl's gross margin was 22.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Oil States Intl's operating margin was -0.2% in fiscal year 2024, reflecting core business profitability. This is down 3.2 percentage points from the prior year.
Oil States Intl's net profit margin was -1.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.3 percentage points from the prior year.
Oil States Intl invested $5.2M in research and development in fiscal year 2024. This represents an increase of 15.6% from the prior year.
Oil States Intl spent $14.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 107.0% from the prior year.
Oil States Intl invested $37.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 22.4% from the prior year.
OIS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $165.2M-0.1% | $165.4M+3.4% | $159.9M-2.8% | $164.6M-11.7% | $186.4M+11.4% | $167.3M-19.7% | $208.3M+7.2% | $194.3M |
| Cost of Revenue | $128.6M+2.6% | $125.3M+2.2% | $122.7M-2.3% | $125.6M-11.6% | $142.0M+7.6% | $132.0M-19.4% | $163.7M+8.8% | $150.4M |
| Gross Profit | $36.5M-8.8% | $40.1M+7.5% | $37.3M-4.4% | $39.0M-12.1% | $44.4M+25.6% | $35.3M-20.8% | $44.6M+1.6% | $43.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $20.8M-9.7% | $23.0M+2.0% | $22.5M-3.7% | $23.4M-11.3% | $26.4M+17.2% | $22.5M+0.4% | $22.4M-7.6% | $24.2M |
| Operating Income | $4.7M-10.0% | $5.3M-6.4% | $5.6M-69.5% | $18.5M+803.9% | $2.0M+118.3% | -$11.2M-242.7% | $7.8M+26.5% | $6.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$2.1M-113.2% | $15.9M+927.2% | -$1.9M |
| Income Tax | $1.4M+1.9% | $1.4M+35.4% | $1.0M-43.2% | $1.8M+375.5% | -$665K-2870.8% | $24K-89.7% | $233K-1.3% | $236K |
| Net Income | $1.9M-32.4% | $2.8M-11.0% | $3.2M-79.2% | $15.2M+1065.6% | $1.3M+109.7% | -$13.4M-324.3% | $6.0M+41.6% | $4.2M |
| EPS (Diluted) | $0.03-40.0% | $0.050.0% | $0.05-79.2% | $0.24+1100.0% | $0.02+109.5% | $-0.21-333.3% | $0.09+28.6% | $0.07 |
OIS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B+1.9% | $993.7M+0.3% | $990.7M-1.4% | $1.0B+0.4% | $1.0B-1.4% | $1.0B-2.9% | $1.0B-0.1% | $1.0B |
| Current Assets | $511.2M+4.8% | $487.7M0.0% | $487.7M-2.1% | $498.2M+6.3% | $468.8M-0.3% | $470.2M-3.7% | $488.0M+0.7% | $484.7M |
| Cash & Equivalents | $67.1M+24.5% | $53.9M-19.4% | $66.8M+2.2% | $65.4M+159.5% | $25.2M+4.7% | $24.1M-48.9% | $47.1M-11.0% | $52.9M |
| Inventory | $222.9M+3.0% | $216.4M+0.3% | $215.7M+0.4% | $214.8M-1.2% | $217.3M+3.4% | $210.2M+4.0% | $202.0M-2.2% | $206.5M |
| Accounts Receivable | $201.6M+2.5% | $196.7M+7.2% | $183.5M-5.6% | $194.3M-4.6% | $203.7M+1.5% | $200.8M-1.2% | $203.2M+7.4% | $189.2M |
| Goodwill | $70.5M-0.4% | $70.8M+1.0% | $70.1M+0.5% | $69.7M-0.1% | $69.8M0.0% | $69.8M-12.6% | $79.9M+0.6% | $79.4M |
| Total Liabilities | $323.4M+6.7% | $303.1M-1.4% | $307.3M-5.3% | $324.5M+4.4% | $310.8M-3.9% | $323.5M-4.0% | $336.9M-3.6% | $349.7M |
| Current Liabilities | $281.2M+8.0% | $260.5M+82.8% | $142.5M-9.7% | $157.7M+9.7% | $143.7M+1.3% | $141.9M-9.8% | $157.3M-6.2% | $167.6M |
| Long-Term Debt | $1.9M-1.4% | $1.9M-98.5% | $124.7M+0.1% | $124.7M+0.3% | $124.3M-8.3% | $135.6M+0.1% | $135.5M0.0% | $135.4M |
| Total Equity | $689.0M-0.2% | $690.6M+1.1% | $683.4M+0.4% | $680.7M-1.4% | $690.4M-0.3% | $692.3M-2.4% | $709.5M+1.6% | $698.4M |
| Retained Earnings | $281.5M+0.7% | $279.6M+1.0% | $276.8M+1.2% | $273.7M+0.3% | $272.8M+0.5% | $271.5M-4.7% | $284.9M+2.1% | $279.0M |
OIS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30.7M+104.6% | $15.0M+61.3% | $9.3M-49.0% | $18.2M+77.8% | $10.2M+190.2% | -$11.4M-370.6% | $4.2M-69.2% | $13.6M |
| Capital Expenditures | $8.7M-15.7% | $10.3M+12.7% | $9.2M-35.5% | $14.2M+145.3% | $5.8M-42.6% | $10.1M+38.6% | $7.3M+20.7% | $6.0M |
| Free Cash Flow | $22.0M+370.3% | $4.7M+3310.9% | $137K-96.6% | $4.0M-9.9% | $4.5M+120.8% | -$21.5M-595.4% | -$3.1M-140.6% | $7.6M |
| Investing Cash Flow | -$7.5M-9.2% | -$6.9M-98600.0% | -$7K-100.1% | $11.0M+138.3% | $4.6M+159.1% | -$7.8M-21.0% | -$6.5M-169.4% | -$2.4M |
| Financing Cash Flow | -$10.3M+51.4% | -$21.2M-165.9% | -$8.0M+14.4% | -$9.3M+31.4% | -$13.6M-267.6% | -$3.7M+8.1% | -$4.0M-3241.7% | -$120K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $4.1M-38.1% | $6.7M+25.3% | $5.3M-41.0% | $9.1M+281.8% | $2.4M | $0-100.0% | $3.9M | $0 |
OIS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.1%-2.1pp | 24.2%+0.9pp | 23.3%-0.4pp | 23.7%-0.1pp | 23.8%+2.7pp | 21.1%-0.3pp | 21.4%-1.2pp | 22.6% |
| Operating Margin | 2.9%-0.3pp | 3.2%-0.3pp | 3.5%-7.7pp | 11.2%+10.1pp | 1.1%+7.8pp | -6.7%-10.4pp | 3.8%+0.6pp | 3.2% |
| Net Margin | 1.1%-0.6pp | 1.7%-0.3pp | 2.0%-7.2pp | 9.2%+8.5pp | 0.7%+8.7pp | -8.0%-10.9pp | 2.9%+0.7pp | 2.2% |
| Return on Equity | 0.3%-0.1pp | 0.4%-0.0pp | 0.5%-1.8pp | 2.2%+2.0pp | 0.2% | N/A | 0.8%+0.2pp | 0.6% |
| Return on Assets | 0.2%-0.1pp | 0.3%-0.0pp | 0.3%-1.2pp | 1.5%+1.4pp | 0.1%+1.4pp | -1.3%-1.9pp | 0.6%+0.2pp | 0.4% |
| Current Ratio | 1.82-0.1 | 1.87-1.6 | 3.42+0.3 | 3.16-0.1 | 3.26-0.1 | 3.31+0.2 | 3.10+0.2 | 2.89 |
| Debt-to-Equity | 0.000.0 | 0.00-0.2 | 0.180.0 | 0.180.0 | 0.18-0.0 | 0.200.0 | 0.190.0 | 0.19 |
| FCF Margin | 13.3%+10.5pp | 2.8%+2.7pp | 0.1%-2.4pp | 2.4%+0.1pp | 2.4%+15.2pp | -12.8%-11.3pp | -1.5%-5.4pp | 3.9% |
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Frequently Asked Questions
What is Oil States Intl's annual revenue?
Oil States Intl (OIS) reported $692.6M in total revenue for fiscal year 2024. This represents a -11.5% 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 Oil States Intl's revenue growing?
Oil States Intl (OIS) revenue declined by 11.5% year-over-year, from $782.3M to $692.6M in fiscal year 2024.
Is Oil States Intl profitable?
No, Oil States Intl (OIS) reported a net income of -$11.3M in fiscal year 2024, with a net profit margin of -1.6%.
What is Oil States Intl's earnings per share (EPS)?
Oil States Intl (OIS) reported diluted earnings per share of $-0.18 for fiscal year 2024. This represents a -190.0% 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 Oil States Intl's EBITDA?
Oil States Intl (OIS) had EBITDA of $53.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Oil States Intl have?
As of fiscal year 2024, Oil States Intl (OIS) had $65.4M in cash and equivalents against $124.7M in long-term debt.
What is Oil States Intl's gross margin?
Oil States Intl (OIS) had a gross margin of 22.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Oil States Intl's operating margin?
Oil States Intl (OIS) had an operating margin of -0.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Oil States Intl's net profit margin?
Oil States Intl (OIS) had a net profit margin of -1.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Oil States Intl's free cash flow?
Oil States Intl (OIS) generated $8.4M in free cash flow during fiscal year 2024. This represents a -67.6% 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 Oil States Intl's operating cash flow?
Oil States Intl (OIS) generated $45.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Oil States Intl's total assets?
Oil States Intl (OIS) had $1.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Oil States Intl's capital expenditures?
Oil States Intl (OIS) invested $37.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Oil States Intl spend on research and development?
Oil States Intl (OIS) invested $5.2M in research and development during fiscal year 2024.
Does Oil States Intl buy back shares?
Yes, Oil States Intl (OIS) spent $14.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Oil States Intl have outstanding?
Oil States Intl (OIS) had 62M shares outstanding as of fiscal year 2024.
What is Oil States Intl's current ratio?
Oil States Intl (OIS) had a current ratio of 3.16 as of fiscal year 2024, which is generally considered healthy.
What is Oil States Intl's debt-to-equity ratio?
Oil States Intl (OIS) had a debt-to-equity ratio of 0.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oil States Intl's return on assets (ROA)?
Oil States Intl (OIS) had a return on assets of -1.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oil States Intl's Piotroski F-Score?
Oil States Intl (OIS) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Oil States Intl's earnings high quality?
Oil States Intl (OIS) has an earnings quality ratio of -4.08x, considered mixed 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 Oil States Intl cover its interest payments?
Oil States Intl (OIS) has an interest coverage ratio of -0.2x, meaning it can struggle to 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 Oil States Intl?
Oil States Intl (OIS) scores 41 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.