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OII Financials Oceaneering International Inc

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
-$497M $1B $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-29% -4% 22% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-90% -28% 33% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$73M $145M $364M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $403M $805M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$483M $119M $722M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 49.3 98.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.0 1.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.