15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.1% per year over the past 5 years.
Operating margin has expanded, at 11.5% in the latest year.
Free cash flow has grown 22.3% per year over the past 5 years.
Financial health
The company holds more cash ($689M) than total debt ($487M).
Total debt has grown slower than revenue (-9.6% vs 9.1% per year).
Operating income covered interest expense 8.2× in the latest year, up from -10.2× 5 years ago.
Total debt is 1.2× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$2.6B
$354M
21.5%
11.5%
33.0%
13.3%
$208M
$487M
$689M
2024
$2.5B
$147M
19.1%
9.7%
20.6%
6.3%
$96M
$482M
$498M
2023
$2.3B
$97M
17.1%
7.8%
15.5%
4.4%
$109M
$477M
$462M
2022
$2.0B
$26M
15.5%
5.6%
5.0%
1.3%
$40M
$701M
$569M
2021
$1.8B
-$49M
14.5%
2.2%
-9.8%
-2.5%
$175M
$702M
$538M
2020
$1.7B
-$497M
9.6%
-26.0%
-90.0%
-24.3%
$76M
$805M
$452M
2019
$2.0B
-$348M
4.9%
-14.5%
-32.6%
-12.7%
$10M
$797M
$374M
2018
—
-$212M
—
—
-15.1%
-7.5%
-$73M
$787M
$354M
2017
—
$166M
—
—
10.0%
5.5%
$43M
$792M
$430M
2016
—
$25M
—
—
1.6%
0.8%
$227M
$793M
$450M
2015
—
$231M
—
—
14.6%
6.7%
$364M
$796M
$385M
2014
—
$428M
—
—
25.8%
12.2%
$335M
$743M
$431M
2013
—
$372M
—
—
18.2%
11.9%
$149M
$0
$91M
2012
—
$289M
—
—
15.9%
10.4%
$137M
$94M
$121M
2011
—
$236M
—
—
15.1%
9.8%
$54M
$120M
$106M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$785M
$53M
21.0%
11.7%
4.3%
1.9%
$142M
$491M
$735M
Jun '26
$768M
$65M
20.4%
11.5%
5.6%
2.4%
$32M
$490M
—
Mar '26
$692M
$36M
18.4%
8.3%
3.3%
1.4%
-$77M
$489M
—
Dec '25
$669M
—
19.8%
9.8%
0.0%
0.0%
$191M
$487M
$689M
Sep '25
$743M
$71M
20.6%
11.6%
7.9%
2.8%
$77M
$486M
—
Jun '25
$698M
$54M
21.3%
11.3%
6.5%
2.3%
$47M
$485M
—
Mar '25
$675M
$50M
20.0%
10.9%
6.5%
2.2%
-$107M
$483M
—
Dec '24
$713M
—
19.9%
10.9%
0.0%
0.0%
$95M
$482M
$498M
Sep '24
$680M
—
19.3%
10.5%
0.0%
0.0%
$67M
$481M
—
Jun '24
$669M
—
18.0%
9.0%
0.0%
0.0%
$30M
$479M
—
Mar '24
$599M
—
15.4%
6.1%
0.0%
0.0%
-$95M
$478M
—
Dec '23
$655M
—
16.1%
7.2%
0.0%
0.0%
$119M
$477M
$462M
Sep '23
$635M
—
18.1%
9.1%
0.0%
0.0%
$54M
$700M
—
Jun '23
$598M
—
16.9%
8.2%
0.0%
0.0%
-$2M
$700M
—
Mar '23
$537M
—
14.4%
5.0%
0.0%
0.0%
-$61M
$701M
—
Dec '22
$536M
—
16.8%
7.9%
0.0%
0.0%
$134M
$701M
$569M
Sep '22
$560M
—
17.1%
8.4%
0.0%
0.0%
$67M
$701M
—
Jun '22
$524M
—
14.5%
4.4%
0.0%
0.0%
-$60M
$702M
—
Mar '22
$446M
—
10.2%
-0.2%
0.0%
0.0%
-$100M
$702M
—
Dec '21
$467M
—
17.0%
-2.7%
0.0%
0.0%
$126M
$702M
$538M
Valuation over time
How the market has priced OII against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 67.5× (Mar '23) to 10.7× (Nov '26).
The price-to-sales ratio has risen from 0.9× (Mar '23) to 1.4× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is OII growing its revenue and profit?
Over the past 5 years, Oceaneering International Inc's revenue has grown 9.1% per year. These are computed facts, not advice.
How much debt does OII have?
As of FY2025, Oceaneering International Inc reported $487M of total debt against $689M of cash; operating income covered interest expense 8.2×.
What is OII's profit margin?
In FY2025, gross margin was 21.5%, operating margin 11.5%, and net margin 13.4%.
What is OII's P/E ratio?
Oceaneering International Inc's P/E (TTM) is 10.73 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the OII stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 10.7× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.