What is OIL STATES INTERNATIONAL, INC.'s earnings per share (EPS)?

OIL STATES INTERNATIONAL, INC. (OIS) reported diluted earnings per share of -$1.86 for fiscal year 2025. This represents a -933.3% 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.

OIL STATES INTERNATIONAL, INC. (OIS) Financials

OIS

Trailing 12 months to June 30, 2026

Revenue $645.7M -2.8% YoY

Net Income -$108.3M -1696.8% YoY

EPS (Diluted) -$1.84 -1772.7% YoY

Free Cash Flow $53.8M +78.3% YoY

Market Cap $496.5M as of Oct 3, 2026

Price / Sales 0.8x on $645.7M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.9x on $581.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OIS SEC filings page.

OIL STATES INTERNATIONAL, INC. (OIS) reported $645.7M in revenue over the twelve months to Jun 30, 2026, down 2.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI OIS FY2025 2026-10-03

The business converted a large FY2025 accounting loss into cash, but weaker margins and tighter current obligations changed the operating picture.

FY2025 paired a net loss of $109.4M with operating cash flow of $105.1M, so reported earnings badly understated cash generated that year. After capital spending, free cash flow remained $73.9M, indicating noncash charges and working-capital movements—not operating profit—drove cash conversion.

Revenue decreased from $692.6M in FY2024 to $669.0M in FY2025, a modest top-line contraction. Gross margin then compressed from 22.6% to 19.9%, so the earnings collapse also involved weaker economics on each sales dollar.

Debt-to-equity fell from 0.2x to near-zero, indicating a much less debt-funded balance sheet. Yet the current ratio fell to 1.9x as current liabilities reached $266.2M, shifting pressure toward near-term obligations rather than long-term borrowing.

Financial Health Signals

Financial Health Score 44/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of OIL STATES INTERNATIONAL, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

OIL STATES INTERNATIONAL, INC. has an operating margin of -14.6%, meaning the company loses $15 on every $100 of revenue. This results in a profitability score of 17/100. This is down from -0.2% the prior year.

Growth

OIL STATES INTERNATIONAL, INC.'s revenue declined 3.4% year-over-year, from $692.6M to $669.0M. This contraction results in a growth score of 21/100.

Leverage

OIL STATES INTERNATIONAL, INC. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 1.86, OIL STATES INTERNATIONAL, INC. holds $1.86 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Cash Flow

OIL STATES INTERNATIONAL, INC. has a free cash flow margin of 11.1%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

OIL STATES INTERNATIONAL, INC. posts a -19.1% return on equity (ROE), meaning it loses $19 for every $100 of shareholders' equity. This results in a returns score of 12/100. This is down from -1.7% the prior year.

Altman Z-Score Grey Zone

1.92

OIL STATES INTERNATIONAL, INC. scores 1.92, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

OIL STATES INTERNATIONAL, INC. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

OIL STATES INTERNATIONAL, INC. reported a net loss of $109.4M while generating $105.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

OIL STATES INTERNATIONAL, INC. reported an operating loss of $98.0M against $7.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$156.7M

YoY-5.3%

QoQ+7.8%

5Y CAGR+1.5%

10Y CAGR-1.1%

OIL STATES INTERNATIONAL, INC. generated $156.7M in revenue in Q2 2026. This represents a decrease of 5.3% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.

EBITDA

$19.8M

YoY+15.1%

QoQ+58.6%

5Y CAGR+43.1%

OIL STATES INTERNATIONAL, INC.'s EBITDA was $19.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.1% from the same quarter a year earlier. Against the prior quarter it is up 58.6%.

Net Income

$5.9M

YoY+110.2%

QoQ+433.4%

OIL STATES INTERNATIONAL, INC. reported $5.9M in net income in Q2 2026. This represents an increase of 110.2% from the same quarter a year earlier. Against the prior quarter it is up 433.4%.

EPS (Diluted)

$0.10

YoY+100.0%

QoQ+400.0%

OIL STATES INTERNATIONAL, INC. earned $0.10 per diluted share (EPS) in Q2 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 400.0%.

Cash & Balance Sheet

Free Cash Flow

-$9.2M

YoY-296.2%

QoQ-50.0%

OIL STATES INTERNATIONAL, INC. recorded an outflow of $9.2M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 296.2% from the same quarter a year earlier. Against the prior quarter it is down 50.0%.

Cash & Debt

$19.8M

YoY-63.2%

QoQ-66.4%

5Y CAGR-20.6%

10Y CAGR-9.2%

OIL STATES INTERNATIONAL, INC. held $19.8M in cash against $17.8M in long-term debt as of Q2 2026, with $197.6M of liabilities due within a year.

Shares Outstanding

60M

YoY-0.4%

QoQ+0.2%

5Y CAGR-0.3%

10Y CAGR+1.6%

OIL STATES INTERNATIONAL, INC. had 60M shares outstanding in Q2 2026. This represents a decrease of 0.4% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

24.7%

YoY+0.5pp

QoQ+1.5pp

5Y change+5.4pp

10Y change+2.3pp

OIL STATES INTERNATIONAL, INC.'s gross margin was 24.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Operating Margin

7.5%

YoY+4.3pp

QoQ+4.5pp

5Y change+19.6pp

OIL STATES INTERNATIONAL, INC.'s operating margin was 7.5% in Q2 2026, reflecting core business profitability. This is up 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.

Net Margin

3.8%

YoY+2.1pp

QoQ+3.0pp

5Y change+14.3pp

OIL STATES INTERNATIONAL, INC.'s net profit margin was 3.8% in Q2 2026, showing the share of revenue converted to profit. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.0 percentage points.

Return on Equity

1.0%

YoY+0.6pp

QoQ+0.8pp

5Y change+3.1pp

OIL STATES INTERNATIONAL, INC.'s ROE was 1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Capital Allocation

Share Buybacks

$5.1M

YoY-23.8%

OIL STATES INTERNATIONAL, INC. spent $5.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 23.8% from the same quarter a year earlier.

Capital Expenditures

$2.9M

YoY-71.8%

QoQ-31.1%

5Y CAGR-1.8%

10Y CAGR-9.7%

OIL STATES INTERNATIONAL, INC. invested $2.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 71.8% from the same quarter a year earlier. Against the prior quarter it is down 31.1%.

R&D Spending

Not reported for Q2 2026.

OIS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OIS quarterly income statement

Metric	TTM	FY2510-K/A	FY2410-K/A	FY2310-K/A	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$645.7M	$669.0M-3.4%	$692.6M-11.5%	$782.3M+6.0%	$737.7M+28.7%	$573.2M-10.2%	$638.1M-37.3%	$1.0B-6.5%	$1.1B+62.3%	$670.6M-3.4%	$694.4M-36.9%	$1.1B-39.5%	$1.8B+11.7%	$1.6B+7.3%	$1.5B-27.9%	$2.1B
Cost of Revenue	$517.3M	$535.7M-0.1%	$536.2M-11.6%	$606.9M+4.9%	$578.6M+23.0%	$470.4M-16.3%	$561.8M-30.0%	$802.6M-3.8%	$834.5M+60.3%	$520.8M+80.6%	$288.3M-27.0%	$395.1M-27.7%	$546.6M-67.1%	$1.7B+3.5%	$1.6B+22.8%	$1.3B
Gross Profit	$128.4M	$133.3M-14.8%	$156.4M-10.8%	$175.4M+10.2%	$159.2M+54.9%	$102.8M+34.7%	$76.3M-64.5%	$214.8M-15.3%	$253.6M+69.2%	$149.9M-63.1%	$406.2M-42.4%	$704.8M-44.6%	$1.3B+3891.3%	-$33.6M+62.0%	-$88.3M-111.1%	$796.9M
R&D Expenses	N/A	$5.1M-1.9%	$5.2M+15.6%	$4.5M+28.6%	$3.5M-20.5%	$4.4M-27.9%	$6.1M-12.9%	$7.0M+6.1%	$6.6M+24.5%	$5.3M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$88.1M	$90.4M-4.8%	$95.0M+0.9%	$94.2M-1.9%	$96.0M+14.8%	$83.7M-11.1%	$94.1M-23.5%	$122.9M-11.0%	$138.1M+20.3%	$114.8M-7.4%	$124.0M-6.5%	$132.7M-21.7%	$169.4M+12.2%	$151.0M+20.5%	$125.3M-23.8%	$164.4M
Operating Income	-$92.9M	-$98.0M-5700.5%	-$1.7M-107.3%	$23.2M+697.4%	$2.9M+104.5%	-$64.8M+87.9%	-$534.3M-134.2%	-$228.2M-3783.3%	-$5.9M+92.0%	-$73.9M-6.6%	-$69.3M-226.0%	$55.0M-82.3%	$310.3M+25.5%	$247.3M-0.1%	$247.6M-44.3%	$444.3M
EBITDA	N/A	-$50.5M-195.3%	$53.0M-36.8%	$83.9M+19.5%	$70.2M+340.4%	$15.9M+103.7%	-$435.8M-315.6%	-$104.9M-189.1%	$117.7M+248.1%	$33.8M-31.6%	$49.4M-73.5%	$186.3M-57.2%	$435.0M+22.0%	$356.5M+6.0%	$336.4M-46.8%	$632.4M
Interest Expense	$6.1M	$7.7M-12.4%	$8.8M-8.0%	$9.6M-9.5%	$10.6M+2.4%	$10.3M-27.6%	$14.3M-20.3%	$17.9M-7.3%	$19.3M+313.2%	$4.7M-12.5%	$5.3M-16.9%	$6.4M-62.6%	$17.2M-55.8%	$38.8M-3.8%	$40.4M-29.8%	$57.5M
Income Tax	$8.6M	$6.8M+101.0%	$3.4M+16.1%	$2.9M-46.5%	$5.5M+158.7%	-$9.3M+85.8%	-$65.9M-639.4%	-$8.9M-239.5%	-$2.6M-135.3%	$7.4M+127.6%	-$26.9M-221.4%	$22.2M-67.9%	$69.1M-7.9%	$75.1M+4.3%	$71.9M-33.1%	$107.6M
Net Income	-$108.3M	-$109.4M-871.5%	-$11.3M-187.3%	$12.9M+235.1%	-$9.5M+85.1%	-$64.0M+86.3%	-$468.4M-102.1%	-$231.8M-1113.3%	-$19.1M+77.5%	-$84.8M-82.9%	-$46.4M-262.2%	$28.6M-84.0%	$179.0M-57.5%	$421.3M-6.1%	$448.6M+39.1%	$322.5M
EPS (Basic)	N/A	-$1.86-933.3%	-$0.18-190.0%	$0.20+233.3%	-$0.15+85.8%	-$1.06+86.5%	-$7.83-100.8%	-$3.90-1081.8%	-$0.33+80.5%	-$1.69-83.7%	-$0.92-264.3%	$0.56-83.2%	$3.33-56.1%	$7.58-10.5%	$8.47+34.4%	$6.30
EPS (Diluted)	-$1.84	-$1.86-933.3%	-$0.18-190.0%	$0.20+233.3%	-$0.15+85.8%	-$1.06+86.5%	-$7.83-100.8%	-$3.90-1081.8%	-$0.33+80.5%	-$1.69-83.7%	-$0.92-264.3%	$0.56-83.1%	$3.31-56.0%	$7.53-7.0%	$8.10+38.2%	$5.86
Diluted Shares (Avg)	N/A	59M-5.3%	62M-1.8%	63M+2.5%	62M+2.2%	60M+0.8%	60M+0.7%	59M+1.1%	59M+17.1%	50M-0.1%	50M-0.3%	50M-5.3%	53M-3.9%	55M-0.1%	55M+0.7%	55M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Revenue	$156.7M-5.3%	$145.4M-9.1%	$178.5M+8.4%	$165.2M-5.3%	$165.4M-11.3%	$159.9M-4.4%	$164.6M-21.0%	$174.3M-10.3%
Cost of Revenue	$118.0M-5.9%	$111.6M-9.0%	$159.1M+26.6%	$128.6M-5.8%	$125.3M-11.8%	$122.7M-7.0%	$125.6M-23.3%	$136.6M-9.2%
Gross Profit	$38.7M-3.4%	$33.8M-9.4%	$19.4M-50.2%	$36.5M-3.2%	$40.1M-9.7%	$37.3M+5.5%	$39.0M-12.6%	$37.8M-13.9%
SG&A Expenses	$23.1M+0.6%	$20.0M-11.1%	$24.2M+3.3%	$20.8M-8.8%	$23.0M-12.9%	$22.5M+0.2%	$23.4M+4.4%	$22.8M-6.1%
Operating Income	$11.7M+121.9%	$4.3M-24.1%	-$113.6M-714.8%	$4.7M+143.0%	$5.3M+158.0%	$5.6M+150.5%	$18.5M+136.1%	-$11.0M-278.4%
EBITDA	$19.8M+15.1%	$12.5M-29.4%	-$102.2M-433.4%	$16.9M+550.6%	$17.2M+2.6%	$17.7M+485.3%	$30.7M+36.9%	$2.6M-88.0%
Interest Expense	$508K-70.0%	$1.2M-25.5%	$2.7M-5.2%	$1.8M-2.8%	$1.7M-17.9%	$1.6M-24.9%	$2.8M-82.3%	$1.8M-5.4%
Income Tax	$2.0M+42.8%	$2.1M+105.9%	$3.0M+61.4%	$1.4M-35.1%	$1.4M+312.0%	$1.0M+4237.5%	$1.8M+686.3%	$2.2M+838.6%
Net Income	$5.9M+110.2%	$1.1M-64.9%	-$117.2M-873.2%	$1.9M+113.2%	$2.8M+116.1%	$3.2M+123.6%	$15.2M+154.3%	-$14.3M-440.7%
EPS (Basic)	$0.10+100.0%	$0.02-60.0%	-$1.99-929.2%	$0.03+113.0%	$0.05+150.0%	$0.05+123.8%	$0.24+166.7%	-$0.23-428.6%
EPS (Diluted)	$0.10+100.0%	$0.02-60.0%	-$1.99-929.2%	$0.03+113.0%	$0.05+150.0%	$0.05+123.8%	$0.24+166.7%	-$0.23-428.6%
Diluted Shares (Avg)	59M-0.9%	58M-2.9%	N/A	58M-6.6%	59M-5.7%	60M-3.7%	N/A	62M-1.5%

Not reported in any period shown, so not listed: R&D Expenses.

OIS Balance Sheet

OIS quarterly balance sheet

Metric	FY2510-K/A	FY2410-K/A	FY2310-K/A	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$883.4M-12.1%	$1.0B-4.0%	$1.0B-1.7%	$1.1B-2.0%	$1.1B-5.8%	$1.2B-33.3%	$1.7B-13.8%	$2.0B+54.0%	$1.3B-6.0%	$1.4B-13.3%	$1.6B-11.6%	$1.8B-10.1%	$2.0B+21.6%	$1.7B-46.0%	$3.1B
Current Assets	$495.3M-0.6%	$498.2M+2.1%	$488.0M+5.5%	$462.8M+8.4%	$426.7M+0.7%	$423.6M-12.4%	$483.4M-9.5%	$534.0M+17.1%	$455.9M-6.9%	$490.0M-19.9%	$611.5M-26.0%	$826.7M-45.8%	$1.5B	N/A	$1.5B
Cash & Equivalents	$69.9M+7.0%	$65.4M+38.7%	$47.1M+12.1%	$42.0M-20.5%	$52.9M-26.6%	$72.0M+747.9%	$8.5M-56.0%	$19.3M-63.9%	$53.5M-22.3%	$68.8M+91.3%	$36.0M-32.5%	$53.3M-91.1%	$599.3M+136.7%	$253.2M+253.0%	$71.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$183.4M-14.6%	$214.8M+6.3%	$202.0M+10.6%	$182.7M+8.4%	$168.6M-1.1%	$170.4M-23.0%	$221.3M+5.7%	$209.4M+24.4%	$168.3M-4.1%	$175.5M-17.6%	$212.9M-8.4%	$232.5M-12.8%	$266.6M+4.9%	$254.0M-61.1%	$653.7M
Accounts Receivable	$202.4M+4.2%	$194.3M-4.4%	$203.2M-7.1%	$218.8M+17.6%	$186.1M+14.1%	$163.1M-30.1%	$233.5M-17.7%	$283.6M+31.2%	$216.1M-7.8%	$234.5M-29.7%	$333.5M-32.9%	$497.1M-19.9%	$620.3M-4.3%	$647.9M-11.5%	$732.2M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$70.5M+1.2%	$69.7M-12.7%	$79.9M+0.7%	$79.3M+3.8%	$76.4M-0.1%	$76.5M-84.1%	$482.3M-25.5%	$647.0M+141.4%	$268.0M+1.8%	$263.4M-0.2%	$263.8M+4.6%	$252.2M-50.9%	$513.6M-1.4%	$520.8M+11.4%	$467.4M
Total Liabilities	$310.2M-4.4%	$324.5M-3.7%	$336.9M-10.1%	$374.8M-3.9%	$389.9M-1.2%	$394.6M-21.7%	$503.9M-10.7%	$564.1M+234.2%	$168.8M-6.0%	$179.6M-47.3%	$340.8M-27.3%	$469.0M+176.3%	-$614.6M+24.3%	-$812.0M-146.7%	$1.7B
Current Liabilities	$266.2M+68.8%	$157.7M+0.3%	$157.3M-18.8%	$193.7M+9.2%	$177.3M+9.3%	$162.1M-11.4%	$183.1M+1.1%	$181.0M+57.1%	$115.3M+7.5%	$107.2M-30.5%	$154.2M-43.2%	$271.4M-27.4%	$373.8M-27.9%	$518.5M+9.2%	$474.9M
Non-Current Liabilities	$44.1M-73.6%	$166.8M-7.2%	$179.7M-0.8%	$181.2M-14.8%	$212.6M-8.5%	$232.5M-27.5%	$320.8M-16.2%	$383.0M+615.5%	$53.5M-26.0%	$72.4M-61.2%	$186.6M-5.5%	$197.5M+120.0%	-$988.4M+25.7%	-$1.3B-205.1%	$1.3B
Long-Term Debt	$1.7M-98.7%	$124.7M-8.0%	$135.5M+0.3%	$135.1M-15.8%	$160.5M-3.2%	$165.8M-25.5%	$222.6M-27.3%	$306.2M+6187.0%	$4.9M-89.3%	$45.4M-63.9%	$125.9M-14.3%	$146.8M-84.9%	$972.7M-24.0%	$1.3B+12.0%	$1.1B
Total Equity	$573.2M-15.8%	$680.7M-4.1%	$709.5M+2.9%	$689.6M-0.9%	$695.8M-8.2%	$757.6M-38.1%	$1.2B-15.0%	$1.4B+27.1%	$1.1B-5.9%	$1.2B-4.1%	$1.3B-6.3%	$1.3B-48.9%	$2.6B+6.5%	$2.5B+25.6%	$2.0B
Retained Earnings	$164.3M-40.0%	$273.7M-4.0%	$284.9M+4.7%	$272.0M-3.4%	$281.6M-14.5%	$329.3M-58.7%	$797.7M-22.5%	$1.0B-1.8%	$1.0B-7.5%	$1.1B-3.9%	$1.2B+2.5%	$1.2B-50.4%	$2.3B+22.2%	$1.9B+30.9%	$1.5B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Total Assets	$839.5M-15.5%	$862.2M-13.0%	$883.4M-12.1%	$1.0B+1.8%	$993.7M-0.7%	$990.7M-2.5%	$1.0B-4.0%	$994.1M-5.1%
Current Assets	$464.5M-4.7%	$480.3M-1.5%	$495.3M-0.6%	$511.2M+6.7%	$487.7M+4.0%	$487.7M+3.7%	$498.2M+2.1%	$478.9M-1.2%
Cash & Equivalents	$19.8M-63.2%	$59.0M-11.7%	$69.9M+7.0%	$67.1M+45.8%	$53.9M+113.8%	$66.8M+177.8%	$65.4M+38.7%	$46.0M-13.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$209.6M-3.1%	$195.7M-9.3%	$183.4M-14.6%	$222.9M+0.8%	$216.4M-0.4%	$215.7M+2.6%	$214.8M+6.3%	$221.1M+7.1%
Accounts Receivable	$196.9M+0.1%	$187.2M+2.0%	$202.4M+4.2%	$201.6M+10.5%	$196.7M-3.4%	$183.5M-8.6%	$194.3M-4.4%	$182.5M-3.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$70.3M-0.6%	$70.3M+0.3%	$70.5M+1.2%	$70.5M+0.1%	$70.8M+1.4%	$70.1M+0.4%	$69.7M-12.7%	$70.4M-11.3%
Total Liabilities	$258.1M-14.8%	$291.2M-5.2%	$310.2M-4.4%	$323.4M+4.5%	$303.1M-2.5%	$307.3M-5.0%	$324.5M-3.7%	$309.3M-11.5%
Current Liabilities	$197.6M-24.1%	$248.1M+74.1%	$266.2M+68.8%	$281.2M+99.7%	$260.5M+81.2%	$142.5M+0.4%	$157.7M+0.3%	$140.8M-16.0%
Non-Current Liabilities	$60.5M+41.9%	$43.1M-73.8%	$44.1M-73.6%	$42.2M-75.0%	$42.7M-74.5%	$164.8M-9.2%	$166.8M-7.2%	$168.6M-7.4%
Long-Term Debt	$17.8M+827.9%	$1.5M-98.8%	$1.7M-98.7%	$1.9M-98.5%	$1.9M-98.5%	$124.7M-8.0%	$124.7M-8.0%	$124.6M-8.0%
Total Equity	$581.4M-15.8%	$571.0M-16.5%	$573.2M-15.8%	$689.0M+0.6%	$690.6M0.0%	$683.4M-1.3%	$680.7M-4.1%	$684.8M-1.9%
Retained Earnings	$171.3M-38.7%	$165.4M-40.3%	$164.3M-40.0%	$281.5M+8.9%	$279.6M+2.5%	$276.8M+1.9%	$273.7M-4.0%	$258.5M-7.3%

OIS Cash Flow Statement

OIS quarterly cash flow statement

Metric	TTM	FY2510-K/A	FY2410-K/A	FY2310-K/A	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$72.7M	$105.1M+129.1%	$45.9M-18.9%	$56.6M+72.2%	$32.9M+356.8%	$7.2M-94.6%	$132.8M-3.4%	$137.4M+33.2%	$103.2M+8.2%	$95.4M-36.1%	$149.3M-41.7%	$256.1M-41.5%	$438.0M-36.3%	$687.3M+7.9%	$637.2M+195.3%	$215.8M
Depreciation & Amortization	N/A	$47.4M-13.3%	$54.7M-10.0%	$60.8M-9.7%	$67.3M-16.6%	$80.7M-18.1%	$98.5M-20.1%	$123.3M-0.2%	$123.5M+14.7%	$107.7M-9.3%	$118.7M-9.6%	$131.3M+5.2%	$124.8M+14.2%	$109.2M+23.1%	$88.7M-52.8%	$188.1M
Stock-Based Compensation	N/A	$7.7M-11.6%	$8.7M+25.4%	$7.0M+1.5%	$6.9M-13.0%	$7.9M-6.5%	$8.4M-49.7%	$16.8M-26.0%	$22.6M-1.7%	$23.0M+8.1%	$21.3M-2.1%	$21.8M-14.9%	$25.6M+6.2%	$24.1M+43.7%	$16.8M+15.1%	$14.6M
Capital Expenditures	$18.9M	$31.2M-16.8%	$37.5M+22.4%	$30.7M+51.3%	$20.3M+15.7%	$17.5M+37.4%	$12.7M-77.3%	$56.1M-36.2%	$88.0M+150.3%	$35.2M+18.5%	$29.7M-74.1%	$114.7M-42.4%	$199.3M+20.8%	$164.9M-2.3%	$168.9M-65.4%	$487.5M
Free Cash Flow	$53.8M	$73.9M+781.6%	$8.4M-67.6%	$25.9M+105.8%	$12.6M+222.0%	-$10.3M-108.6%	$120.0M+47.6%	$81.3M+436.9%	$15.1M-74.8%	$60.2M-49.6%	$119.6M-15.4%	$141.4M-40.8%	$238.8M-54.3%	$522.4M+11.5%	$468.3M+272.4%	-$271.7M
Investing Cash Flow	-$3.3M	-$11.1M-509.1%	$2.7M+110.6%	-$25.6M-12.6%	-$22.7M-243.0%	-$6.6M-77.7%	-$3.7M+92.8%	-$52.0M+88.7%	-$461.4M-869.0%	-$47.6M-62.6%	-$29.3M+80.1%	-$147.2M+53.7%	-$317.7M-393.1%	$108.4M+118.8%	-$577.0M-18.0%	-$489.0M
Financing Cash Flow	-$104.3M	-$90.2M-205.8%	-$29.5M-10.4%	-$26.7M-31.7%	-$20.3M-3.7%	-$19.6M+69.9%	-$65.0M+32.2%	-$95.9M-129.6%	$324.1M+598.1%	-$65.1M+23.3%	-$84.9M+31.9%	-$124.7M+81.1%	-$661.1M-53.5%	-$430.6M-457.2%	$120.6M-53.3%	$257.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$489K-44.6%	$882K-9.7%	$977K+213.7%	-$859K
Share Buybacks	$9.7M	$16.6M+16.9%	$14.2M+107.0%	$6.9M	$0	$0	$0-100.0%	$757K	$0-100.0%	$16.3M	$0-100.0%	$105.9M-53.2%	$226.3M+108.5%	$108.5M+611.9%	$15.2M+20.7%	$12.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Operating Cash Flow	-$6.3M-141.7%	-$1.9M-120.3%	$50.1M+175.4%	$30.7M+6.5%	$15.0M+46.4%	$9.3M+181.8%	$18.2M+333.8%	$28.8M+111.2%
Depreciation & Amortization	$8.1M-32.2%	$8.2M-31.9%	$11.4M-6.5%	$12.1M-11.1%	$11.9M-19.1%	$12.0M-15.3%	$12.2M-16.4%	$13.6M-11.6%
Stock-Based Compensation	$3.0M+50.0%	$1.8M-0.6%	N/A	$1.9M-20.8%	$2.0M-13.0%	$1.8M+4.9%	N/A	$2.4M+33.3%
Capital Expenditures	$2.9M-71.8%	$4.2M-53.8%	$3.0M-78.8%	$8.7M+17.2%	$10.3M+78.3%	$9.2M-9.3%	$14.2M+95.0%	$7.4M+23.1%
Free Cash Flow	-$9.2M-296.2%	-$6.1M-4561.3%	$47.1M+1075.3%	$22.0M+2.8%	$4.7M+4.9%	$137K+100.6%	$4.0M+230.0%	$21.4M+181.1%
Investing Cash Flow	$4.2M+161.3%	-$3.4M-48014.3%	$3.4M-69.1%	-$7.5M-47.0%	-$6.9M-249.2%	-$7K+99.9%	$11.0M+270.5%	-$5.1M-113.6%
Financing Cash Flow	-$37.2M-76.1%	-$6.0M+24.0%	-$50.8M-446.3%	-$10.3M-247.7%	-$21.2M-56.1%	-$8.0M-115.8%	-$9.3M-131.7%	-$3.0M-2362.5%
Share Buybacks	$5.1M-23.8%	$0-100.0%	$422K-95.3%	$4.1M+49.3%	$6.7M+182.1%	$5.3M	$9.1M+134.4%	$2.8M

Not reported in any period shown, so not listed: Dividends Paid.

OIS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OIS quarterly financial ratios

Metric	FY2510-K/A	FY2410-K/A	FY2310-K/A	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	19.9%-2.7pp	22.6%+0.2pp	22.4%+0.9pp	21.6%+3.6pp	17.9%+6.0pp	11.9%-9.2pp	21.1%-2.2pp	23.3%+1.0pp	22.4%-36.1pp	58.5%-5.6pp	64.1%-5.9pp	70.0%+72.0pp	-2.1%+3.8pp	-5.8%-43.7pp	37.9%
Operating Margin	-14.6%-14.4pp	-0.2%-3.2pp	3.0%+2.6pp	0.4%+11.7pp	-11.3%+72.4pp	-83.7%-61.3pp	-22.4%-21.9pp	-0.5%+10.5pp	-11.0%-1.0pp	-10.0%-15.0pp	5.0%-12.1pp	17.1%+1.9pp	15.2%-1.1pp	16.3%-4.8pp	21.1%
Net Margin	-16.4%-14.7pp	-1.6%-3.3pp	1.7%+2.9pp	-1.3%+9.9pp	-11.2%+62.2pp	-73.4%-50.6pp	-22.8%-21.0pp	-1.8%+10.9pp	-12.7%-6.0pp	-6.7%-9.3pp	2.6%-7.2pp	9.8%-16.0pp	25.9%-3.7pp	29.6%+14.2pp	15.3%
Return on Equity	-19.1%-17.4pp	-1.7%-3.5pp	1.8%+3.2pp	-1.4%+7.8pp	-9.2%+52.6pp	-61.8%-42.9pp	-18.9%-17.6pp	-1.3%+6.2pp	-7.5%-3.6pp	-3.9%-6.1pp	2.3%-11.1pp	13.4%-2.7pp	16.1%-2.1pp	18.2%+1.8pp	16.4%
Return on Assets	-12.4%-11.3pp	-1.1%-2.4pp	1.2%+2.1pp	-0.9%+5.0pp	-5.9%+34.8pp	-40.6%-27.2pp	-13.4%-12.5pp	-0.9%+5.6pp	-6.5%-3.2pp	-3.4%-5.1pp	1.8%-8.1pp	9.9%-11.1pp	21.0%-6.2pp	27.2%+16.6pp	10.5%
Current Ratio	1.86-1.3x	3.16+0.1x	3.10+0.7x	2.390.0x	2.41-0.2x	2.610.0x	2.64-0.3x	2.95-1.0x	3.96-0.6x	4.57+0.6x	3.97+0.9x	3.05-1.0x	4.08	N/A	3.14
Debt-to-Equity	0.00-0.2x	0.180.0x	0.190.0x	0.200.0x	0.230.0x	0.220.0x	0.180.0x	0.21+0.2x	0.000.0x	0.04-0.1x	0.100.0x	0.11-0.3x	0.37-0.1x	0.52-0.1x	0.58
Asset Turnover	0.76+0.1x	0.69-0.1x	0.75+0.1x	0.69+0.2x	0.530.0x	0.550.0x	0.590.0x	0.540.0x	0.520.0x	0.50-0.2x	0.69-0.3x	1.01+0.2x	0.81-0.1x	0.92+0.2x	0.69
FCF Margin	11.1%+9.8pp	1.2%-2.1pp	3.3%+1.6pp	1.7%+3.5pp	-1.8%-20.6pp	18.8%+10.8pp	8.0%+6.6pp	1.4%-7.6pp	9.0%-8.2pp	17.2%+4.4pp	12.8%-0.3pp	13.1%-18.9pp	32.1%+1.2pp	30.9%+43.8pp	-12.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A	Q3'2410-Q
Gross Margin	24.7%+0.5pp	23.2%-0.1pp	10.9%-12.8pp	22.1%+0.5pp	24.2%+0.4pp	23.3%+2.2pp	23.7%+2.3pp	21.7%-0.9pp
Operating Margin	7.5%+4.3pp	2.9%-0.6pp	-63.7%-74.9pp	2.9%+9.2pp	3.2%+2.1pp	3.5%+10.2pp	11.2%+7.5pp	-6.3%-9.5pp
Net Margin	3.8%+2.1pp	0.8%-1.2pp	-65.7%-74.9pp	1.1%+9.4pp	1.7%+1.0pp	2.0%+10.0pp	9.2%+6.3pp	-8.2%-10.4pp
Return on Equity	1.0%+0.6pp	0.2%-0.3pp	-20.5%-22.7pp	0.3%+2.4pp	0.4%+0.2pp	0.5%+2.4pp	2.2%+1.4pp	-2.1%-2.7pp
Return on Assets	0.7%+0.4pp	0.1%-0.2pp	-13.3%-14.8pp	0.2%+1.6pp	0.3%+0.1pp	0.3%+1.6pp	1.5%+0.9pp	-1.4%-1.8pp
Current Ratio	2.35+0.5x	1.94-1.5x	1.86-1.3x	1.82-1.6x	1.87-1.4x	3.42+0.1x	3.16+0.1x	3.40+0.5x
Debt-to-Equity	0.030.0x	0.00-0.2x	0.00-0.2x	0.00-0.2x	0.00-0.2x	0.180.0x	0.180.0x	0.180.0x
Asset Turnover	0.190.0x	0.170.0x	0.200.0x	0.160.0x	0.170.0x	0.160.0x	0.160.0x	0.180.0x
FCF Margin	-5.9%-8.7pp	-4.2%-4.3pp	26.4%+24.0pp	13.3%+1.0pp	2.8%+0.4pp	0.1%+12.9pp	2.4%+3.9pp	12.3%+8.3pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
OIL STATES INTERNATIONAL, INC. OIS	FY2025	$669.0M	-$109.4M	-16.4%	$496.5M	44/100
Natural Gas Services Group, Inc. NGS	FY2025	$172.3M	$19.9M	11.6%	$427.8M	49/100
Forum Energy Technologies, Inc. FET	FY2025	$791.5M	-$9.7M	-1.2%	$953.8M	43/100
Flotek Industries, Inc. FTK	FY2025	$237.3M	$30.5M	12.9%	$1.1B	47/100
Ranger Energy Services, Inc. RNGR	FY2025	$546.9M	$12.3M	2.3%	$366.5M	47/100

Where OIL STATES INTERNATIONAL, INC. Ranks

Frequently Asked Questions

What is OIL STATES INTERNATIONAL, INC.'s annual revenue?

OIL STATES INTERNATIONAL, INC. (OIS) reported $669.0M in total revenue for fiscal year 2025. This represents a -3.4% 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 INTERNATIONAL, INC.'s revenue growing?

OIL STATES INTERNATIONAL, INC. (OIS) revenue declined by 3.4% year-over-year, from $692.6M to $669.0M in fiscal year 2025.

Is OIL STATES INTERNATIONAL, INC. profitable?

No, OIL STATES INTERNATIONAL, INC. (OIS) reported a net income of -$109.4M in fiscal year 2025, with a net profit margin of -16.4%.

What is OIL STATES INTERNATIONAL, INC.'s EBITDA?

OIL STATES INTERNATIONAL, INC. (OIS) had EBITDA of -$50.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does OIL STATES INTERNATIONAL, INC. have?

As of fiscal year 2025, OIL STATES INTERNATIONAL, INC. (OIS) had $69.9M in cash and equivalents against $1.7M in long-term debt.

What is OIL STATES INTERNATIONAL, INC.'s gross margin?

OIL STATES INTERNATIONAL, INC. (OIS) had a gross margin of 19.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is OIL STATES INTERNATIONAL, INC.'s operating margin?

OIL STATES INTERNATIONAL, INC. (OIS) had an operating margin of -14.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is OIL STATES INTERNATIONAL, INC.'s net profit margin?

OIL STATES INTERNATIONAL, INC. (OIS) had a net profit margin of -16.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is OIL STATES INTERNATIONAL, INC.'s return on equity (ROE)?

OIL STATES INTERNATIONAL, INC. (OIS) has a return on equity of -19.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is OIL STATES INTERNATIONAL, INC.'s free cash flow?

OIL STATES INTERNATIONAL, INC. (OIS) generated $73.9M in free cash flow during fiscal year 2025. This represents a 781.6% 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 INTERNATIONAL, INC.'s operating cash flow?

OIL STATES INTERNATIONAL, INC. (OIS) generated $105.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are OIL STATES INTERNATIONAL, INC.'s total assets?

OIL STATES INTERNATIONAL, INC. (OIS) had $883.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are OIL STATES INTERNATIONAL, INC.'s capital expenditures?

OIL STATES INTERNATIONAL, INC. (OIS) invested $31.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does OIL STATES INTERNATIONAL, INC. spend on research and development?

OIL STATES INTERNATIONAL, INC. (OIS) invested $5.1M in research and development during fiscal year 2025.

Does OIL STATES INTERNATIONAL, INC. buy back shares?

Yes, OIL STATES INTERNATIONAL, INC. (OIS) spent $16.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does OIL STATES INTERNATIONAL, INC. have outstanding?

OIL STATES INTERNATIONAL, INC. (OIS) had 60M shares outstanding as of fiscal year 2025.

What is OIL STATES INTERNATIONAL, INC.'s current ratio?

OIL STATES INTERNATIONAL, INC. (OIS) had a current ratio of 1.86 as of fiscal year 2025, which is generally considered healthy.

What is OIL STATES INTERNATIONAL, INC.'s debt-to-equity ratio?

OIL STATES INTERNATIONAL, INC. (OIS) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is OIL STATES INTERNATIONAL, INC.'s return on assets (ROA)?

OIL STATES INTERNATIONAL, INC. (OIS) had a return on assets of -12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is OIL STATES INTERNATIONAL, INC.'s P/E ratio?

OIL STATES INTERNATIONAL, INC. (OIS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $496.5M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is OIL STATES INTERNATIONAL, INC.'s price-to-sales ratio?

OIL STATES INTERNATIONAL, INC. (OIS) trades at 0.8x sales, its market capitalization divided by revenue of $645.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $496.5M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is OIL STATES INTERNATIONAL, INC.'s Altman Z-Score?

OIL STATES INTERNATIONAL, INC. (OIS) has an Altman Z-Score of 1.92, placing it in the Grey Zone (moderate 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 OIL STATES INTERNATIONAL, INC.'s Piotroski F-Score?

OIL STATES INTERNATIONAL, INC. (OIS) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are OIL STATES INTERNATIONAL, INC.'s earnings high quality?

OIL STATES INTERNATIONAL, INC. (OIS) reported a net loss of $109.4M while generating $105.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 INTERNATIONAL, INC. cover its interest payments?

OIL STATES INTERNATIONAL, INC. (OIS) reported an operating loss of $98.0M against $7.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 INTERNATIONAL, INC.?

OIL STATES INTERNATIONAL, INC. (OIS) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.