OII Oceaneering International, Inc. Common Stock

NYSE · Energy · View on SEC EDGAR ↗
$53.10
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026

About Oceaneering International, Inc. Common Stock Company overview from Wikipedia

Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.

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Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.

Oceaneering's business offerings include remotely operated vehicle (ROV) services, specialty oilfield subsea hardware, deepwater intervention and crewed diving services, non-destructive testing and inspections, engineering and project management, and surveying and mapping services. Its services and products are marketed worldwide to oil and gas companies, government agencies, and firms in the aerospace, marine engineering and mobile robotics and construction industries.

History

Oceaneering was founded in 1964 with the incorporation of World Wide Divers, Inc., one of three companies who merged in 1969 to operate under the name Oceaneering International, Inc. The merged companies were World Wide Divers, Inc. (Morgan City, LA), California Divers, Inc. (Santa Barbara, CA), and Can-Dive Services Ltd (North Vancouver, BC).

World Wide Divers, Inc. was owned by Mike Hughes and Johnny Johnson. California Divers, Inc. was owned by Lad Handelman, Gene Handelman, Kevin Lengyel, and Bob Ratcliffe. Can-Dive Services Ltd was owned by Phil Nuytten and partners. Mike Hughes served as Chairman of the Board and Lad Handelman served as President of the merged companies.

Research and Diving Technology

In the early 1970s, Oceaneering supported considerable research into ways to increase safety of their divers and general diving efficiency, including their collaboration with Duke University Medical Center to explore the use of trimix breathing gas to reduce the incidence of high-pressure nervous syndrome.

Oceaneering purchased the rights to the JIM suit in 1975. By 1979, a team from Oceaneering assisted Dr. Sylvia Earle in testing Atmospheric diving suits for scientific diving operations by diving a JIM suit to 1,250 fsw. Oceaneering also used WASP atmospheric diving suits.

Salvage and Recovery Operations

A dive team from Oceaneering salvaged three of the four propellers from the RMS Lusitania in 1982.

Oceaneering ROVs were used to determine what happened to the cargo ship Lucona in the 1991 murder and fraud investigation that claimed uranium mining equipment was lost when the vessel went down.

Recovery of the airplane cockpit voice recorder in the loss of ValuJet Flight 592 was a priority in early 1996. In the days following the loss of TWA Flight 800 later that same year, Oceaneering was contacted to provide ROV support to the US Navy lead search and recovery effort.

Oceaneering helped recover the Confederate submarine H. L. Hunley, which sank in 1864. Several recovery plans were evaluated; the final recovery included a truss structure with foam to surround the body of the submarine. On August 8, 2000, at 8:37 a.m., the sub broke the surface for the first time in 136 years.

Robotics, Space, and Special Projects

From 1984 to 1988, Michael L. Gernhardt served as Oceaneering's Manager and then Vice President of Special Projects. He led the development of a telerobotic system for subsea platform cleaning and inspection, and of a variety of new diver and robot tools. In 1988, he founded Oceaneering Space Systems, to transfer subsea technology and operational experience to the ISS program.

After the 1986 Space Shuttle Challenger disaster, Oceaneering teams recovered the Solid Rocket Booster that contained the faulty O-ring responsible for launch's failure.

On August 2, 2006, NASA announced it would issue a Request for Proposal (RFP) for the design, development, certification, production and sustaining engineering of the Constellation Space Suit to meet the needs of the Constellation Program. On June 11, 2008, NASA awarded a USD$745 million contract to Oceaneering for the creation and manufacture of this new space suit.

Defense and Naval Engineering

In 2006, NAVSEA awarded Oceaneering a maintenance contract for the Dry Deck Shelter program. Dry Deck Shelters are used to transport equipment such as the Advanced SEAL Delivery System and Combat Rubber Raiding Craft aboard a submarine.

In 2009, Oceaneering installed a demonstrator crane aboard the SS Flickertail State to evaluate its performance in transferring containers between two moving ships, in an operational environment using commercial and oil industry at-sea mooring techniques in the Gulf of Mexico. Developed in conjunction with the Sea Warfare and Weapons Department in the Office of Naval Research, the crane has sensors and cameras as well as motion-sensing algorithms that automatically compensate for the rolling and pitching of the sea, making it much easier for operators to center it over and transfer cargo.

Industry Collaborations and Technology Licensing

Oceaneering teamed up with the Canadian company GRI Simulations to design and produce the ROV simulators they utilize for training, development of procedures, and equipment staging. After a dispute over theft of trade secrets and copyright infringement that lasted several years, Oceaneering now licenses the VROV simulator system from GRI Simulations.

A 2009 collaboration with Royal Dutch Shell saw the installation of a wireline at a record 2,673 feet (815 m) of water for repairing a safety valve.

Boeing and Fugro teamed up with Oceaneering in 2001 to begin integration of their advanced technology into deep sea exploration.

Major Projects and Deepwater Operations

On April 22, 2010, three Oceaneering ROV crews aboard the Oceaneering vessel Ocean Intervention III, the DOF ASA Skandi Neptune and the Boa International Boa Sub C began to map the seabed and assess the wreckage from the Deepwater Horizon oil spill. The crews reported "large amounts of oil that flowed out." Oceaneering ROV Technician Tyrone Benton was later called as a witness to provide information on the leaks associated with BOP stack investigation, but gave no reason why he later failed to appear in court.

Petrobras, the biggest deepwater oilfield company in the world, placed the largest umbilical order in company history in 2012.

As of 2012, eighty percent of Oceaneering's income has been derived from deepwater work. It is also the world's largest operator of ROVs.

BAE Systems was contracted in October 2013 to build a Jones Act-compliant multi-service vessel to serve Oceaneering's "subsea intervention services in the ultra-deep waters of the Gulf of Mexico", which was delivered in 2019.

In 2024, Oceaneering acquired Global Design Innovation Ltd., a UK-based provider of digital and software solutions.

Oceaneering’s Brazilian subsidiary secured multiple four-year subsea robotics contracts worth about $180 million from Petrobras in 2025 to provide ROV services, tooling, and surveys for offshore projects in Brazil.

The company launched the Momentum electric work-class ROV in March 2026. It is an electrically propelled remotely operated vehicle designed for extended subsea operations.

Oceaneering was a NASDAQ listed company until 1991, when they moved to the New York Stock Exchange.

Global Operations

Oceaneering International, Inc. operates in 24 countries with more than 70 operational bases and approximately 12,000 employees worldwide. The company has significant operations in Africa, the United Kingdom, Norway, Brazil, Asia, and Australia, and its global headquarters is located in Houston, Texas. Regional offices are maintained in major hubs such as Aberdeen (United Kingdom), Abu Dhabi (United Arab Emirates), Baku (Azerbaijan), Chandigarh (India), Luanda (Angola), Perth (Australia), Rio de Janeiro (Brazil), Selangor (Malaysia), Stavanger (Norway), and Newfoundland (Canada).

Remote Operations

The company operates Onshore Remote Operations Centers (OROCs) in Stavanger (Norway), Morgan City (United States), Aberdeen (United Kingdom), and Macaé (Brazil). These facilities support remote piloting of subsea vehicles and provide services such as underwater inspections, rig positioning, and asset monitoring.

Oceaneering Entertainment Systems

The Oceaneering Entertainment Systems (OES) was a division of Oceaneering International that developed educational and entertainment technology, such as the Shuttle Launch Experience at the Kennedy Space Center Visitor Complex in Florida. It was based in Orlando, Florida, with an additional site in Hanover, Maryland.

OES was formed in 1992 following Oceaneering International’s acquisition of Eastport International, Inc., a company specializing in underwater remotely operated vehicles (ROVs). Eastport had recently been contracted by Universal Studios Florida to redesign and build the animatronic sharks for its Jaws attraction. The original animatronics, ride system and control system had malfunctioned, causing the attraction to close soon after its grand opening. After the acquisition, themed attraction work was moved to the new OES division, which completed the Jaws contract.

Over the years, OES developed motion-based dark ride vehicles for attractions such as Transformers: The Ride at Universal Studios Florida, Justice League: Battle for Metropolis at Six Flags parks, Antarctica: Empire of the Penguin at SeaWorld, and Speed of Magic at Ferrari World Abu Dhabi, among others. It has also produced animatronics for Universal Studios' Jurassic Park and Jaws rides and provided custom show-action equipment for various entertainment projects, including Revenge of the Mummy at Universal Studios Orlando, and Curse of DarKastle at Busch Gardens Williamsburg.

OES received several Themed Entertainment Association (THEA) Awards, including the award for the Revolution Tru-Trackless ride system in 2014, for Transformers: The Ride 3-D at Universal Studios Hollywood and Singapore in 2013, and for Shuttle Launch Experience in 2008.

In May 2025, Oceaneering Entertainment Systems was acquired by Falcon's Beyond.

Community outreach

Oceaneering donated a hyperbaric chamber to assist with the treatment on the Miskito Indian population in 1986. They donated a compressor in 1997 that, along with funding from the Divers Alert Network, supported continued medical support of the Miskito population.

In November 2009, Oceaneering donated an ROV to Stavanger Offshore Tekniske Skole, a Norwegian technical college, to facilitate their students' qualification exams. They donated an ROV to South Central Louisiana Technical College in 2011 to support its unique ROV maintenance curriculum.

In 2021, Oceaneering donated three deep-sea exploration systems, including the Magellan 725 ROV, Ocean Discovery ROV, and Ocean Explorer 6000 towed sonar, along with related deployment equipment to the nonprofit Global Oceans to support ocean science research.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

OII Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$53.10
Market Cap
P/E (TTM)
6.9
EPS (TTM)
$3.49
Revenue (TTM)
$2.78B
Div Yield
ROE
39.6%
Debt/Equity
0.5
52W Range
$22 – $54

OII Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.78B
5-point trend, +48.9%
2021-12-31 2025-12-31
EPS $3.49
5-point trend, +812.2%
2021-12-31 2025-12-31
Free Cash Flow $208M
4-point trend, +18.7%
2021-12-31 2025-12-31
Margins 12.7%
4-point trend, +44.5%
2021-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
OII
Peer Median
P/E (TTM)
5-point trend, +129.8%
6.9
21.2

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
OII
Peer Median
Gross Margin
4-point trend, +44.5%
20.4%
27.2%
Operating Margin
4-point trend, +413.6%
10.9%
Net Profit Margin
4-point trend, +581.4%
12.7%
8.1%
ROA
4-point trend, +682.1%
14.3%
6.2%
ROE
4-point trend, +524.9%
39.6%
14.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
OII
Peer Median
Debt / Equity
4-point trend, -67.3%
0.5
Current Ratio
4-point trend, -16.2%
2.0
2.1
Quick Ratio
4-point trend, -18.2%
1.3

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
OII
Peer Median
Revenue YoY
5-point trend, +48.9%
4.6%
Revenue CAGR 3Y
5-point trend, +48.9%
10.4%
Revenue CAGR 5Y
5-point trend, +48.9%
8.8%
EPS YoY
5-point trend, +812.2%
142.4%
Net Income YoY
5-point trend, +817.5%
139.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
OII
Peer Median
EPS (Diluted)
5-point trend, +812.2%
$3.49

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
OII
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Aug. 23, 2017$0.1500
May 24, 2017$0.1500
Feb. 22, 2017$0.1500
Nov. 22, 2016$0.1500
Aug. 24, 2016$0.2700
May 25, 2016$0.2700
Feb. 24, 2016$0.2700
Nov. 24, 2015$0.2700
Aug. 26, 2015$0.2700
May 27, 2015$0.2700
Feb. 25, 2015$0.2700
Nov. 25, 2014$0.2700
Aug. 27, 2014$0.2700
May 28, 2014$0.2700
Feb. 26, 2014$0.2200
Nov. 26, 2013$0.2200
Aug. 28, 2013$0.2200
May 29, 2013$0.2200
Feb. 27, 2013$0.1800
Nov. 28, 2012$0.1800

OII Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 11 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 5 45.5%
  • Sell 5 45.5%
  • Strong Sell 1 9.1%

12-Month Price Target

4 analysts · 2026-08-18
Median target $47.00 -11.5%
Mean target $46.00 -13.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.16%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.65 $0.46 0.19%
March 31, 2026 $0.36 $0.32 0.04%
Dec. 31, 2025 $0.45 $0.33 0.12%
Sept. 30, 2025 $0.71 $0.43 0.28%
June 30, 2025 $0.54 $0.40 0.14%
March 31, 2025 $0.49 $0.29 0.20%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
OII 6.9 4.6% 12.7% 39.6% 20.4%
HAL $23.60B 19.4 -3.3% 5.8% 12.2%
NOV $5.64B 40.1 -1.4% 1.7% 2.3% 20.2%
WFRD $5.60B 13.2 -10.8% 8.8% 28.9%
KGS $3.21B 42.0 12.8% 6.2% 6.3%
AROC 14.2 28.7% 21.6% 22.2% 48.6%
WHD 55.0 -4.5% 15.4% 14.4%
TDW $2.50B 7.6 0.52% 24.7% 27.0%
SEI 28.9 98.7% 4.9% 6.6%
WBI 66.2%
USAC 5.0% 11.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -23.9% $2.78B $2.66B $2.42B $2.07B $1.87B $1.83B $2.05B $1.91B $1.92B $2.27B $3.06B $3.66B
Cost of Revenue 12-point trend, -20.9% $2.22B $2.18B $2.03B $1.76B $1.61B $1.66B $1.95B $1.78B $1.73B $1.99B $2.46B $2.80B
Gross Profit 12-point trend, -33.8% $568M $485M $399M $307M $264M $164M $98M $129M $195M $279M $605M $859M
SG&A Expense 12-point trend, +14.3% $264M $239M $218M $197M $224M $196M $215M $198M $184M $208M $232M $231M
Operating Income 12-point trend, -51.5% $305M $246M $181M $111M $40M $-446M $-291M $-145M $11M $71M $374M $628M
Interest Expense 12-point trend, +685.4% $37M $38M $37M $38M $39M $44M $43M $38M $28M $25M $25M $5M
Interest Income 12-point trend, +4843.0% $14M $12M $15M $6M $2M $3M $8M $10M $7M $4M $607.0K $293.0K
Other Non-op 6-point trend, -1610.9% · · · · · · $-7M $-9M $-6M $-6M $-15M $-387.0K
Income Tax 12-point trend, -134.8% $-68M $77M $64M $53M $44M $-2M $18M $26M $-184M $19M $105M $195M
Net Income 12-point trend, -17.4% $354M $147M $97M $26M $-49M $-497M $-348M $-212M $166M $25M $231M $428M
EPS (Basic) 12-point trend, -12.2% $3.53 $1.46 $0.97 $0.26 $-0.49 $-5.01 $-3.52 $-2.16 $1.69 $0.25 $2.35 $4.02
EPS (Diluted) 12-point trend, -12.7% $3.49 $1.44 $0.95 $0.26 $-0.49 $-5.01 $-3.52 $-2.16 $1.68 $0.25 $2.34 $4.00
Shares (Basic) 12-point trend, -6.0% 100,222,000 101,180,000 100,697,000 100,185,000 99,706,000 99,233,000 98,876,000 98,496,000 98,238,000 98,035,000 98,417,000 106,593,000
Shares (Diluted) 12-point trend, -5.4% 101,262,000 102,369,000 102,156,000 101,447,000 99,706,000 99,233,000 98,876,000 98,496,000 98,764,000 98,424,000 98,808,000 107,091,000
EBITDA 11-point trend, -35.3% $407M · $181M $111M $40M $-446M $-291M $-145M $11M $71M $374M $628M
Balance Sheet 29
Annual Balance Sheet data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +59.9% $689M $498M $462M $569M $538M $452M $374M $354M $430M $450M $385M $431M
Short-term Investments 9-point trend, +7000000.00 $7M $7M $0 $6M $6M $10M $10M $10M $0 · · ·
Receivables 12-point trend, -60.4% $308M $304M $331M $297M $263M $296M $421M $369M $477M $490M $613M $778M
Inventory 12-point trend, -46.3% $202M $223M $210M $184M $154M $141M $175M $195M $215M $280M $328M $376M
Prepaid Expense 12-point trend, +13.4% $90M $82M $68M $56M $62M $49M $43M $61M $65M $43M $134M $79M
Other Current Assets 12-point trend, -25.0% $97M $89M $68M $63M $68M $59M $53M $71M $65M $43M $191M $129M
Current Assets 12-point trend, -11.7% $1.51B $1.39B $1.31B $1.30B $1.19B $1.17B $1.24B $1.24B $1.19B $1.26B $1.52B $1.71B
PP&E (Net) 12-point trend, -65.4% $452M $420M $424M $438M $490M $591M $777M $965M $1.06B $1.15B $1.27B $1.31B
PP&E (Gross) 12-point trend, -18.3% $2.17B $2.16B $2.29B $2.44B $2.45B $2.46B $2.62B $2.84B $2.82B $2.73B $2.77B $2.66B
Accum. Depreciation 12-point trend, +27.2% $1.72B $1.74B $1.86B $2.00B $1.96B $1.87B $1.85B $1.87B $1.75B $1.57B $1.51B $1.35B
Goodwill 12-point trend, -84.6% $51M $49M $34M $34M $35M $35M $405M $413M $456M $444M $427M $331M
Intangibles 12-point trend, -50.2% $30M $33M $21M $12M $13M $14M $26M $80M $85M $88M $94M $61M
Other Non-current Assets 12-point trend, -16.1% $129M $112M $137M $122M $104M $108M $151M $202M $317M $271M $218M $154M
Total Assets 12-point trend, -23.9% $2.67B $2.34B $2.24B $2.03B $1.96B $2.05B $2.74B $2.82B $3.02B $3.13B $3.43B $3.50B
Accounts Payable 12-point trend, +41.3% $175M $182M $156M $148M $122M $94M $146M $103M $86M $78M $118M $124M
Accrued Liabilities 12-point trend, -3.7% $472M $475M $412M $307M $291M $293M $338M $307M $350M $431M $498M $490M
Current Liabilities 12-point trend, +12.2% $762M $797M $732M $568M $501M $437M $601M $495M $436M $508M $616M $679M
Capital Leases 7-point trend, +59.8% $257M $238M $293M $152M $159M $156M $161M · · · · ·
Deferred Tax 8-point trend, -99.7% · · $1M $2M $1M $3M · · $42M $236M $353M $323M
Other Non-current Liabilities 12-point trend, -80.2% $84M $99M $102M $85M $90M $89M $107M $128M $131M $312M $439M $425M
Long-term Debt 9-point trend, -38.5% $487M $482M $477M $701M $702M $805M $797M $787M $792M · · ·
Total Debt 11-point trend, -35.0% $487M · $477M $701M $702M $805M $797M $787M $792M $793M $796M $750M
Common Stock Flat — no change across 12 periods $28M $28M $28M $28M $28M $28M $28M $28M $28M $28M $28M $28M
Retained Earnings 12-point trend, -14.0% $1.93B $1.57B $1.43B $1.33B $1.30B $1.35B $1.85B $2.20B $2.42B $2.30B $2.36B $2.24B
Treasury Stock 12-point trend, -13.5% $568M $555M $574M $606M $632M $660M $682M $704M $719M $731M $744M $657M
AOCI 12-point trend, -116.2% $-396M $-429M $-382M $-386M $-366M $-359M $-334M $-339M $-292M $-303M $-300M $-183M
Stockholders' Equity 12-point trend, -35.4% $1.07B $714M $628M $520M $505M $552M $1.07B $1.41B $1.66B $1.52B $1.58B $1.66B
Liabilities + Equity 12-point trend, -23.9% $2.67B $2.34B $2.24B $2.03B $1.96B $2.05B $2.74B $2.82B $3.02B $3.13B $3.43B $3.50B
Shares Outstanding Flat — no change across 3 periods · 110,834,088 110,834,088 110,834,088 · · · · · · · ·
Cash Flow 18
Annual Cash Flow data for OII
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -55.5% $102M $103M $105M $121M $140M $529M $263M $294M $214M $250M $241M $230M
Stock-based Comp 12-point trend, -26.4% $15M $13M $12M $10M $11M $9M $11M $12M $12M $15M $17M $20M
Deferred Tax 12-point trend, -298.8% $-141M $-11M $-27M $829.0K $-2M $-4M $-12M $12M $-235M $98.0K $29M $71M
Amort. of Intangibles 12-point trend, +142.4% $16M $14M $6M $8M $4M $15M $36M $18M $10M $10M $8M $7M
Restructuring · · · · · · · · · $12M · ·
Other Non-cash $-11M · · · · · · · · · · ·
Operating Cash Flow 12-point trend, -55.8% $319M $203M $210M $121M $225M $137M $158M $37M $136M $339M $564M $722M
CapEx 12-point trend, -71.3% $111M $107M $101M $81M $50M $61M $148M $109M $94M $112M $200M $387M
Investing Cash Flow 12-point trend, +77.1% $-96M $-124M $-86M $-77M $-34M $-53M $-135M $-99M $-112M $-169M $-437M $-419M
Debt Issued 5-point trend, +0.00 · · · · · $0 $0 $296M $0 $0 · ·
Net Debt Issued 3-point trend, -100.0% · · · · · $0 $0 $596M · · · ·
Stock Repurchased 6-point trend, -93.2% $40M $20M · · · · · · $0 $0 $100M $590M
Net Stock Activity 5-point trend, +93.2% $-40M · · · · · · · $0 $0 $-100M $-590M
Dividends Paid 3-point trend, -100.0% · · · · · · $0 $0 $44M · · ·
Financing Cash Flow 12-point trend, -200.4% $-46M $-27M $-227M $-2M $-102M $-2M $-2M $-6M $-46M $-96M $-160M $45M
Net Change in Cash 12-point trend, -43.6% $191M $36M $-107M $31M $86M $78M $19M $-76M $-20M $65M $-45M $339M
Taxes Paid 12-point trend, -27.3% $102M $95M $44M $45M $29M $26M $30M $30M $43M $76M $120M $140M
Free Cash Flow 11-point trend, -37.9% $208M · $109M $40M $175M $76M $10M $-73M $43M $228M $360M $335M
Profitability 6
Annual Profitability data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 11-point trend, -13.0% 20.4% · 16.4% 14.9% 14.1% 9.0% 4.8% 6.8% 10.1% 12.3% 19.8% 23.5%
Operating Margin 11-point trend, -36.3% 10.9% · 7.5% 5.4% 2.1% -24.4% -14.2% -7.7% 0.55% 3.1% 12.2% 17.2%
Net Margin 11-point trend, +8.6% 12.7% · 4.0% 1.3% -2.6% -27.2% -17.0% -11.2% 8.7% 1.1% 7.5% 11.7%
EBITDA Margin 11-point trend, -14.9% 14.6% · 7.5% 5.4% 2.1% -24.4% -14.2% -7.7% 0.55% 3.1% 12.2% 17.2%
ROA 11-point trend, +11.0% 14.3% · 4.6% 1.3% -2.5% -20.8% -12.5% -7.4% 5.4% 0.75% 6.7% 12.9%
ROE 11-point trend, +71.2% 39.6% · 17.0% 5.1% -9.3% -61.3% -28.1% -14.0% 10.5% 1.6% 14.3% 23.2%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -21.3% 2.0 · 1.8 2.3 2.4 2.7 2.1 2.5 2.7 2.5 2.5 2.5
Quick Ratio 11-point trend, -25.9% 1.3 · 1.1 1.5 1.6 1.7 1.3 0.7 2.1 1.8 1.6 1.8
Debt / Equity 11-point trend, +0.6% 0.5 · 0.8 1.3 1.4 1.5 0.7 0.6 0.5 0.5 0.5 0.5
LT Debt / Equity 11-point trend, +0.6% 0.5 · 0.8 1.3 1.4 1.5 0.7 0.6 0.5 0.5 0.5 0.5
Interest Coverage 11-point trend, -93.8% 8.2 · 5.0 2.9 1.0 -10.2 -6.8 -3.9 0.4 2.8 14.9 133.5
Efficiency 3
Annual Efficiency data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, +2.2% 1.1 · 1.1 1.0 0.9 0.8 0.7 0.7 0.6 0.7 0.9 1.1
Inventory Turnover 11-point trend, +52.4% 10.4 · 10.3 10.4 10.9 10.5 10.6 9.4 7.0 6.5 7.0 6.9
Receivables Turnover 10-point trend, +92.3% 9.1 · 7.7 7.4 6.7 5.1 5.2 · 4.0 4.1 4.4 4.7
Per Share 4
Annual Per Share data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share 10-point trend, -19.5% $27.49 · $23.74 $20.37 $18.75 $18.42 · $19.29 $19.46 $23.08 $31.00 $34.17
Cash Flow / Share 10-point trend, -53.3% $3.15 · $2.06 $1.19 $2.26 $1.38 · $0.37 $1.38 $3.46 $5.67 $6.74
Dividend / Share 6-point trend, -100.0% · · · · · · $0 $0 $0 $1 $1 $1
EPS (TTM) 12-point trend, -12.7% $3.49 $1.44 $0.95 $0.26 $-0.49 $-5.01 $-3.52 $-2.16 $1.68 $0.25 $2.34 $4.00
Growth Rates 7
Annual Growth Rates data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +104.4% 4.6% 9.8% 17.4% 10.5% 2.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +5.8% 10.4% 12.5% 9.9% · · · · · · · · ·
Revenue CAGR 5Y 8.8% · · · · · · · · · · ·
EPS YoY 3-point trend, -46.4% 142.4% 51.6% 265.4% · · · · · · · · ·
EPS CAGR 3Y 137.7% · · · · · · · · · · ·
Net Income YoY 3-point trend, -49.2% 139.9% 51.4% 275.5% · · · · · · · · ·
Net Income CAGR 3Y 138.9% · · · · · · · · · · ·
Valuation (TTM) 6
Annual Valuation (TTM) data for OII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -23.9% $2.78B $2.66B $2.42B $2.07B $1.87B $1.83B $2.05B $1.91B $1.92B $2.27B $3.06B $3.66B
Net Income TTM 12-point trend, -17.4% $354M $147M $97M $26M $-49M $-497M $-348M $-212M $166M $25M $231M $428M
P/E 12-point trend, -53.2% 6.9 18.1 22.4 67.3 -23.1 -1.6 -4.2 -5.6 12.6 112.8 16.0 14.7
Earnings Yield 12-point trend, +113.5% 14.5% 5.5% 4.5% 1.5% -4.3% -63.0% -23.6% -17.8% 8.0% 0.89% 6.2% 6.8%
Payout Ratio · · · · · · 0.00% · · · · ·
Annual Payout 3-point trend, -100.0% · · · · · · $0 $0 $44M · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $2.78B$2.66B
Gross Margin % 20.4%
Operating Margin % 10.9%
Net Income $354M$147M
Diluted EPS $3.49$1.44
Balance Sheet
2025-12-312025-06-302025-03-312024-12-312024-09-30
Debt / Equity 0.5
Current Ratio 2.0
Quick Ratio 1.3
Cash Flow
2025-12-312025-06-302025-03-312024-12-312024-09-30
Free Cash Flow $208M

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Institutional owners (13F) 407 filers · $2.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
76 (-27 vs prior Q) 48 (+18 vs prior Q) 139 (+17 vs prior Q) 104 (0 vs prior Q) +8.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $321,199,528 7,926,938 11.23% Shares
STATE STREET CORP $202,373,210 4,994,403 7.08% Shares
BROWN ADVISORY INC $191,298,759 4,721,094 6.69% Shares
VANGUARD CAPITAL MANAGEMENT LLC $181,743,059 4,485,268 6.36% Shares
AMERICAN CENTURY COMPANIES INC $163,052,237 4,023,994 5.70% Shares
EARNEST PARTNERS LLC $143,736,393 3,547,295 5.03% Shares
DIMENSIONAL FUND ADVISORS LP $133,111,198 3,285,075 4.66% Shares
NEUBERGER BERMAN GROUP LLC $130,798,884 3,228,008 4.57% Shares
Morgan Stanley Institutional Investment Advisors LLC $124,234,908 3,066,015 4.34% Shares
GEODE CAPITAL MANAGEMENT, LLC $100,103,563 2,469,972 3.50% Shares
Greenhouse Funds LLLP $76,839,818 1,896,343 2.69% Shares
REINHART PARTNERS, LLC. $66,794,700 1,648,423 2.34% Shares
VAN ECK ASSOCIATES CORP $66,065,834 1,630,450 2.31% Shares
LOOMIS SAYLES & CO L P $54,455,882 1,343,926 1.90% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $54,280,227 1,339,591 1.90% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $53,895,000 1,330,080 1.88% Shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC $32,645,505 805,664 1.14% Shares
Ranger Investment Management, L.P. $31,510,094 777,643 1.10% Shares
Goehring & Rozencwajg Associates, LLC $31,422,288 775,476 1.10% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $30,686,242 757,311 1.07% Shares
VANGUARD FIDUCIARY TRUST CO $28,846,147 711,899 1.01% Shares
Old West Investment Management, LLC $28,102,605 693,549 0.98% Shares
Fisher Asset Management, LLC $25,735,912 635,141 0.90% Shares
PRINCIPAL FINANCIAL GROUP INC $23,758,253 586,334 0.83% Shares
PANAGORA ASSET MANAGEMENT INC $19,652,727 485,013 0.69% Shares
FIRST TRUST ADVISORS LP $17,078,167 421,475 0.60% Shares
GOLDMAN SACHS GROUP INC $17,056,772 420,947 0.60% Shares
STOREBRAND ASSET MANAGEMENT AS $14,837,938 366,188 0.52% Shares
FMR LLC $13,993,501 345,348 0.49% Shares
Public Sector Pension Investment Board $13,886,082 342,697 0.49% Shares
KEATING INVESTMENT COUNSELORS INC $13,524,685 333,778 0.47% Shares
Granite Investment Partners, LLC $13,307,335 328,414 0.47% Shares
ENVESTNET ASSET MANAGEMENT INC $12,569,168 310,197 0.44% Shares
GAMCO INVESTORS, INC. ET AL $12,313,947 303,898 0.43% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $11,607,115 293,628 0.41% Shares
Sagefield Capital LP $11,274,042 278,234 0.39% Shares
Cubist Systematic Strategies, LLC $11,179,621 451,155 0.39% Shares
BANK OF AMERICA CORP /DE/ $10,910,213 269,255 0.38% Shares
HENNESSY ADVISORS INC $10,822,325 267,086 0.38% Shares
Bank of New York Mellon Corp $10,147,788 250,439 0.35% Shares
RHUMBLINE ADVISERS $9,990,955 246,569 0.35% Shares
Aristotle Capital Boston, LLC $9,934,692 245,180 0.35% Shares
Archon Capital Management LLC $8,428,160 208,000 0.29% Shares
AMERIPRISE FINANCIAL INC $8,123,693 200,486 0.28% Shares
Swiss National Bank $8,081,633 199,448 0.28% Shares
PRUDENTIAL FINANCIAL INC $7,949,862 196,196 0.28% Shares
GABELLI FUNDS LLC $7,864,081 194,079 0.28% Shares
BlackRock, Inc. $7,312,685 180,471 0.26% Shares
ALLIANCEBERNSTEIN L.P. $7,173,240 202,234 0.25% Shares
Manatuck Hill Partners, LLC $6,507,512 160,600 0.23% Shares
MILLENNIUM MANAGEMENT LLC $6,267,958 154,688 0.22% Shares
Legal & General Group Plc $6,193,725 152,856 0.22% Shares
ESSEX INVESTMENT MANAGEMENT CO LLC $6,137,281 151,463 0.21% Shares
LEUTHOLD GROUP, LLC $5,791,767 142,936 0.20% Shares
Brandywine Global Investment Management, LLC $5,489,029 228,424 0.19% Shares
Concurrent Investment Advisors, LLC $5,301,596 130,839 0.19% Shares
Cannell & Spears LLC $4,934,080 121,769 0.17% Shares
Russell Investments Group, Ltd. $4,756,811 117,394 0.17% Shares
EFG Asset Management (North America) Corp. $4,496,464 181,492 0.16% Shares
Boston Trust Walden Corp $4,330,453 106,872 0.15% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $4,242,957 119,621 0.15% Shares
STATE OF WISCONSIN INVESTMENT BOARD $4,136,606 102,088 0.14% Shares
ISTHMUS PARTNERS, LLC $3,881,249 95,786 0.14% Shares
NEW YORK STATE COMMON RETIREMENT FUND $3,880,519 95,768 0.14% Shares
EFG International AG $3,724,718 91,957 0.13% Shares
ROYCE & ASSOCIATES LP $3,647,610 90,020 0.13% Shares
VANGUARD ASSET MANAGEMENT, Ltd $3,213,803 79,314 0.11% Shares
Gotham Asset Management, LLC $3,193,786 78,820 0.11% Shares
INTECH INVESTMENT MANAGEMENT LLC $3,090,865 76,280 0.11% Shares
Glenorchy Capital Ltd $3,012,841 74,354 0.11% Shares
MARSHALL WACE, LLP $3,005,976 74,185 0.11% Shares
Legato Capital Management LLC $2,941,793 72,601 0.10% Shares
Corigliano Investment Advisers, LLC $2,929,822 82,600 0.10% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $2,889,157 71,302 0.10% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $2,832,348 69,900 0.10% Call option
GeoSphere Capital Management, LLC $2,823,798 69,689 0.10% Shares
Edgestream Partners, L.P. $2,657,342 65,581 0.09% Shares
JPMORGAN CHASE & CO $2,609,612 66,016 0.09% Shares
Squarepoint Ops LLC $2,513,172 62,023 0.09% Shares
JENNISON ASSOCIATES LLC $2,470,221 60,963 0.09% Shares
Integrated Quantitative Investments LLC $2,420,948 59,747 0.08% Shares
MetLife Investment Management, LLC $2,379,253 58,718 0.08% Shares
VOYA INVESTMENT MANAGEMENT LLC $2,254,452 55,638 0.08% Shares
ALGERT GLOBAL LLC $2,179,692 53,793 0.08% Shares
RAYMOND JAMES FINANCIAL INC $2,163,282 53,388 0.08% Shares
CITIGROUP INC $2,151,490 53,097 0.08% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $2,147,560 53,000 0.08% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $2,093,790 51,673 0.07% Shares
Pathstone Holdings, LLC $2,092,331 51,637 0.07% Shares
Illinois Municipal Retirement Fund $2,078,919 51,306 0.07% Shares
Caption Management, LLC $2,026,000 50,000 0.07% Call option
MANUFACTURERS LIFE INSURANCE COMPANY, THE $1,988,195 49,067 0.07% Shares
Kestra Advisory Services, LLC $1,969,556 48,607 0.07% Shares
CoreCommodity Management, LLC $1,929,441 47,617 0.07% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $1,880,655 46,413 0.07% Shares
State of Tennessee, Department of Treasury $1,874,050 46,250 0.07% Shares
Walleye Capital LLC $1,863,920 46,000 0.07% Call option
Annex Advisory Services, LLC $1,846,143 52,048 0.06% Shares
RENAISSANCE TECHNOLOGIES LLC $1,814,972 44,792 0.06% Shares
Louisiana State Employees Retirement System $1,770,724 43,700 0.06% Shares

Company insiders 37 insiders · 15 officers · 10 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Roderick A. Larson President and CEO Feb. 25, 2025 F 352,797 0 0 $0
Alan R Curtis SVP and CFO Aug. 27, 2025 S 155,259 0 1 $-361,502
Benjamin Laura SVP & Chief Operating Officer Feb. 26, 2026 S 40,805 0 2 $-1,432,741
Christopher J Dyer SVP, OPGroup July 30, 2026 S 14,702 0 2 $-285,660
Earl Childress SVP, Chief Commercial Ofc. July 30, 2026 S 22,876 0 2 $-1,435,662
Martin J Mcdonald SVP, Subsea Robotics May 13, 2026 S 49,229 0 2 $-2,690,131
Leonardo P Granato SVP, IMDS Feb. 26, 2026 S 0 0 3 $-368,585
Holly Kriendler SVP, Chief H.R. Officer Feb. 26, 2026 S 24,702 0 2 $-933,457
Shaun Roedel SVP, Mfd. Prods. Feb. 25, 2026 G 54,146 0 0 $0
Jennifer Fremont Simons SVP, CLO and Secretary Feb. 25, 2026 S 35,387 0 3 $-1,168,755
William R. Merz SVP, Aerospace and Def. Tech. Feb. 20, 2026 A 12,599 0 0 $0
Catherine E Dunn VP, Chief Accounting Officer Feb. 20, 2026 A 14,179 0 0 $0
Michael W Sumruld SVP, Finance Feb. 20, 2026 A 0 0 $0
Beierl Philip G SVP, Aerospace and Def Tech. Feb. 25, 2025 F 52,345 0 0 $0
Witland J Leblanc Jr. VP & CAO Feb. 27, 2023 F 44,359 0 0 $0
Kevin M Mcevoy Director July 30, 2026 S 134,133 0 2 $-1,049,423
Deanna L Goodwin Director June 30, 2026 S 35,905 0 1 $-284,830
Karen H Beachy Director May 15, 2026 A 27,392 0 0 $0
Reema Poddar Director May 15, 2026 A 23,006 0 0 $0
Roger W. Jenkins Director May 15, 2026 A 4,576 0 0 $0
Jon Erik Reinhardsen Director May 15, 2026 A 101,208 0 0 $0
William B Berry Director May 15, 2026 A 101,208 0 0 $0
Steven A Webster Director May 15, 2026 A 165,939 0 0 $0
Jay T Collins Director Feb. 24, 2023 A 78,650 0 0 $0
Paul B Murphy JR Aug. 7, 2026 S 68,916 0 2 $-726,200
Kevin F Kerins Nov. 18, 2011 S 27,000 0 0 $0
Knut Eriksen Sept. 22, 2011 I 0 0 0 $0
Cardon W Gerner Aug. 11, 2011 A 30,336 0 0 $0
Marvin J Migura May 6, 2011 A 57,100 0 0 $0
Jerold L Desroche March 24, 2011 S 24,000 0 0 $0
Harris J Pappas March 3, 2011 S 36,000 0 0 $0
George R Haubenreich JR Feb. 25, 2011 A 42,250 0 0 $0
David S Hooker Feb. 25, 2011 A 32,000 0 0 $0
Michael D Hughes Feb. 25, 2011 A 45,100 0 0 $0
John R Huff Feb. 25, 2011 A 178,400 0 0 $0
Philip D Gardner March 19, 2009 M 49,950 0 0 $0
John L Zachary Aug. 8, 2006 S 21,800 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 85 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
KEAT · EA Series Trust 4.08% 130,286 NS April 30, 2026 N-PORT
SAWS · ETF Series Solutions 1.28% 2,405 NS April 30, 2026 N-PORT
JSML · Janus Detroit Street Trust 0.79% 66,476 NS April 30, 2026 N-PORT
HAPS · Harbor ETF Trust 0.71% 29,862 NS April 30, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.45% 3,198,625 NS May 31, 2026 N-PORT
JSMD · Janus Detroit Street Trust 0.42% 109,556 NS April 30, 2026 N-PORT
CCNR · Financial Investors Trust 0.40% 42,350 NS April 30, 2026 N-PORT
FYT · First Trust Exchange-Traded AlphaDE… 0.37% 18,136 NS April 30, 2026 N-PORT
VUSE · ETF Series Solutions 0.37% 66,316 NS May 31, 2026 N-PORT
SMDX · Tidal Trust III 0.36% 11,885 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.34% 246,858 NS May 31, 2026 N-PORT
BFOR · ALPS ETF Trust 0.26% 14,858 NS May 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.24% 78,293 NS April 30, 2026 N-PORT
BULD · Pacer Funds Trust 0.22% 290 NS April 30, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.20% 38,656 NS April 30, 2026 N-PORT
FENY · FIDELITY COVINGTON TRUST 0.18% 99,282 NS April 30, 2026 N-PORT
PSC · Principal Exchange-Traded Funds 0.18% 105,178 NS June 30, 2026 N-PORT
SAA · ProShares Trust 0.17% 1,193 NS May 31, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.17% 3,616 NS April 30, 2026 N-PORT
AVIE · AMERICAN CENTURY ETF TRUST 0.14% 369 NS May 31, 2026 N-PORT
GINN · Goldman Sachs ETF Trust 0.14% 7,516 NS May 31, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.12% 273,133 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.11% 42,776 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.11% 395,018 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.09% 4,654 NS May 31, 2026 N-PORT
EBI · RBB Fund Trust 0.09% 15,849 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.09% 22,580 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.09% 323,220 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.08% 480,038 NS May 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.08% 2,803 NS April 30, 2026 N-PORT
AVUQ · AMERICAN CENTURY ETF TRUST 0.07% 4,439 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.06% 3,639 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.04% 3,685 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.03% 3,593 NS April 30, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.03% 17,099 NS April 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.03% 88,890 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.02% 3,934 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.02% 230,960 NS April 30, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.02% 70,758 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.02% 92 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.02% 12,292 NS April 30, 2026 N-PORT
TILT · FlexShares Trust 0.01% 6,314 NS April 30, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.01% 2,924 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.01% 25,639 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.01% 31,569 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.01% 58,654 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VB · VANGUARD INDEX FUNDS July 15, 2026 Daily
VBK · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily