(OII) Oceaneering International - Overview
Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: NYSE (USA) | Market Cap: 3.895m USD | Total Return: 100.8% in 12m
Avg Turnover: 36.0M
EPS Trend: 98.2%
Qual. Beats: 0
Rev. Trend: 96.0%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Shakeout
Oceaneering International, Inc. (OII) is a Houston-based provider of engineered services, products, and robotic solutions. The company operates across five primary segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. Its core business involves the deployment of Remotely Operated Vehicles (ROVs) and Autonomous Underwater Vehicles (AUVs) for deepwater energy production, subsea construction, and infrastructure maintenance.
Operating within the Oil & Gas Equipment & Services sector, OII utilizes a diversified business model that applies subsea engineering expertise to non-energy markets, including NASA space programs and theme park ride systems. The subsea robotics industry is characterized by high capital intensity and a reliance on offshore drilling activity levels and deepwater exploration budgets. Investors may find it useful to examine ValueRay for further data on the companys valuation metrics. The company’s geographic footprint spans major offshore basins in the United Kingdom, Norway, Brazil, and Asia, providing a hedge against regional market fluctuations.
- Global offshore oil and gas capital expenditure drives ROV fleet utilization
- Deepwater production growth increases demand for specialized subsea umbilical and hardware manufacturing
- Expansion into defense and aerospace sectors reduces cyclical dependence on fossil fuels
- Vessel operating costs and crew availability impact offshore project group margins
- Global transition toward autonomous underwater vehicles accelerates subsea robotics revenue growth
| Net Income: 339.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 5.37 > 1.0 |
| NWC/Revenue: 28.11% < 20% (prev 22.99%; Δ 5.12% < -1%) |
| CFO/TA 0.13 > 3% & CFO 342.5m > Net Income 339.5m |
| Net Debt (601.4m) to EBITDA (407.2m): 1.48 < 3 |
| Current Ratio: 2.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (100.6m) vs 12m ago -1.27% < -2% |
| Gross Margin: 20.01% > 18% (prev 0.19%; Δ 1.98k% > 0.5%) |
| Asset Turnover: 113.9% > 50% (prev 120.3%; Δ -6.34% > 0%) |
| Interest Coverage Ratio: 8.17 > 6 (EBITDA TTM 407.2m / Interest Expense TTM 37.0m) |
| A: 0.30 (Total Current Assets 1.52b - Total Current Liabilities 729.2m) / Total Assets 2.64b |
| B: 0.74 (Retained Earnings 1.96b / Total Assets 2.64b) |
| C: 0.12 (EBIT TTM 302.2m / Avg Total Assets 2.46b) |
| D: 1.04 (Book Value of Equity 1.60b / Total Liabilities 1.53b) |
| Altman-Z'' = 6.30 = AAA |
| DSRI: 0.91 (Receivables 596.3m/641.0m, Revenue 2.80b/2.74b) |
| GMI: 0.96 (GM 20.01% / 19.30%) |
| AQI: -6.13 (AQ_t -0.52 / AQ_t-1 0.09) |
| SGI: 1.02 (Revenue 2.80b / 2.74b) |
| TATA: -0.00 (NI 339.5m - CFO 342.5m) / TA 2.64b) |
| Beneish M = -7.35 (Cap -4..+1) = AAA |
As of May 29, 2026, the stock is trading at USD 38.29 with a total of 1,375,169 shares traded.
Over the past week, the price has changed by -0.29%,
over one month by +1.94%,
over three months by +7.86% and
over the past year by +100.79%.
Oceaneering International has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold OII.
- StrongBuy: 0
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 35.3 | -7.9% |
P/E Trailing = 11.622
P/E Forward = 18.7617
P/S = 1.3901
P/B = 3.5195
P/EG = 8.0091
Revenue TTM = 2.80b USD
EBIT TTM = 302.2m USD
EBITDA TTM = 407.2m USD
Long Term Debt = 488.8m USD (from longTermDebt, last quarter)
Short Term Debt = 128.8m USD (from shortTermDebt, last quarter)
Debt = 1.21b USD (from shortLongTermDebtTotal, last quarter) + Leases 360.0m
Net Debt = 601.4m USD (calculated: Debt 1.21b - CCE 607.5m)
Enterprise Value = 4.50b USD (3.90b + Debt 1.21b - CCE 607.5m)
Interest Coverage Ratio = 8.17 (Ebit TTM 302.2m / Interest Expense TTM 37.0m)
EV/FCF = 18.72x (Enterprise Value 4.50b / FCF TTM 240.1m)
FCF Yield = 5.34% (FCF TTM 240.1m / Enterprise Value 4.50b)
FCF Margin = 8.57% (FCF TTM 240.1m / Revenue TTM 2.80b)
Net Margin = 12.12% (Net Income TTM 339.5m / Revenue TTM 2.80b)
Gross Margin = 20.01% ((Revenue TTM 2.80b - Cost of Revenue TTM 2.24b) / Revenue TTM)
Gross Margin QoQ = 18.38% (prev 19.78%)
Tobins Q-Ratio = 1.70 (Enterprise Value 4.50b / Total Assets 2.64b)
Interest Expense / Debt = 3.06% (Interest Expense 37.0m / Debt 1.21b)
Taxrate = 34.15% (18.7m / 54.8m)
NOPAT = 199.0m (EBIT 302.2m * (1 - 34.15%))
Current Ratio = 2.08 (Total Current Assets 1.52b / Total Current Liabilities 729.2m)
Debt / Equity = 1.09 (Debt 1.21b / totalStockholderEquity, last quarter 1.11b)
Debt / EBITDA = 1.48 (Net Debt 601.4m / EBITDA 407.2m)
Debt / FCF = 2.50 (Net Debt 601.4m / FCF TTM 240.1m)
Total Stockholder Equity = 983.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.81% (Net Income 339.5m / Total Assets 2.64b)
RoE = 34.53% (Net Income TTM 339.5m / Total Stockholder Equity 983.3m)
RoCE = 20.53% (EBIT 302.2m / Capital Employed (Equity 983.3m + L.T.Debt 488.8m))
RoIC = 9.74% (NOPAT 199.0m / Invested Capital 2.04b)
WACC = 9.67% (E(3.90b)/V(5.10b) * Re(12.04%) + D(1.21b)/V(5.10b) * Rd(3.06%) * (1-Tc(0.34)))
Discount Rate = 12.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -0.76%
[DCF] Terminal Value 73.83% ; FCFF base≈177.9m ; Y1≈203.9m ; Y5≈300.1m
[DCF] Fair Price = 30.72 (EV 3.67b - Net Debt 601.4m = Equity 3.06b / Shares 99.7m; r=9.67% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.19 | EPS CAGR: 57.47% | SUE: -0.38 | # QB: 0
Revenue Correlation: 95.98 | Revenue CAGR: 8.81% | SUE: 1.21 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.45 | Chg30d=-0.38% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.52 | Chg30d=-2.53% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.88 | Chg30d=+2.38% | Revisions=+20% | GrowthEPS=-2.5% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=2.20 | Chg30d=+3.81% | Revisions=+14% | GrowthEPS=+16.7% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +20%