OII Stock Analysis: Oceaneering International | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 4.790m USD | 12M Return: 127.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.8M
EPS Trend: 97.2%
Qual. Beats: 1
Rev. Trend: 95.7%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Oceaneering International, Inc. (OII) is a Houston-based provider of engineered services, products, and robotic solutions serving the offshore energy, defense, aerospace, and manufacturing industries. Founded in 1964 and operating internationally across the U.S., Africa, the U.K., Norway, Brazil, Asia, and Australia, the company runs through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. Its core offerings include remotely operated vehicles (ROVs), umbilicals and subsea connection systems, installation and intervention services, asset integrity management, and engineering for defense and space applications.
Within the Oil & Gas Equipment & Services sector, OIIs business model centers on supplying specialized subsea robotics and hardware that support offshore drilling, production, and intervention activities. ROVs are a foundational technology in deepwater offshore operations, used for tasks ranging from wellhead installation to pipeline inspection, giving equipment-focused firms like OII a role that is tied to offshore project cycles rather than commodity prices directly.
- Subsea Robotics day rates rise with offshore drilling rebound
- Deepwater project sanctions boost Offshore Projects backlog
- Aerospace and Defense Technologies segment expands on government contract wins
| Net Income: 247.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 3.89 > 1.0 |
| NWC/Revenue: 27.42% < 20% (prev 22.75%; Δ 4.68% < -1%) |
| CFO/TA 0.12 > 3% & CFO 318.5m > Net Income 247.5m |
| Net Debt (601.4m) to EBITDA (310.9m): 1.93 < 3 |
| Current Ratio: 2.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (100.6m) vs 12m ago -1.27% < -2% |
| Gross Margin: 21.42% > 18% (prev 20.11%; Δ 1.31% > 0.5%) |
| Asset Turnover: 116.8% > 50% (prev 121.6%; Δ -4.79% > 0%) |
| Interest Coverage Ratio: 7.02 > 6 (EBIT TTM 203.9m / Interest Expense TTM 29.0m) |
| 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: 0.08 (EBIT TTM 203.9m / Avg Total Assets 2.46b) |
| D: 0.72 (Book Value of Equity 1.11b / Total Liabilities 1.53b) |
| Altman-Z'' = 5.69 = AAA |
| DSRI: 0.90 (Receivables 596.3m/641.0m, Revenue 2.87b/2.77b) |
| GMI: 0.94 (GM 20.11% / 21.42%) |
| AQI: -6.13 (AQ_t -0.52 / AQ_t-1 0.09) |
| SGI: 1.04 (Revenue 2.87b / 2.77b) |
| TATA: -0.03 (NI 247.5m - CFO 318.5m) / TA 2.64b) |
| Beneish M = -7.37 (Cap -4..+1) = AAA |
As of July 28, 2026, the stock is trading at USD 52.17 with a total of 1,668,921 shares traded. Over the past week, the price has changed by +21.84%, over one month by +31.98%, over three months by +37.33% and over the past year by +127.62%.
Current recommended Stop Loss: 49.20 (which is 5.7% or 1.4 ATR below the current price).
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 | 36.5 | -30% |
P/E Trailing = 13.376
P/E Forward = 18.7617
P/S = 1.6677
P/B = 4.0558
P/EG = 8.0091
Revenue TTM = 2.87b USD
EBIT TTM = 203.9m USD
EBITDA TTM = 310.9m 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 = 5.39b USD (4.79b + Debt 1.21b - CCE 607.5m)
Interest Coverage Ratio = 7.02 (Ebit TTM 203.9m / Interest Expense TTM 29.0m)
EV/FCF = 24.15x (Enterprise Value 5.39b / FCF TTM 223.2m)
FCF Yield = 4.14% (FCF TTM 223.2m / Enterprise Value 5.39b)
FCF Margin = 7.77% (FCF TTM 223.2m / Revenue TTM 2.87b)
Net Margin = 8.62% (Net Income TTM 247.5m / Revenue TTM 2.87b)
Gross Margin = 21.42% ((Revenue TTM 2.87b - Cost of Revenue TTM 2.26b) / Revenue TTM)
Gross Margin QoQ = 26.43% (prev 18.38%)
Tobins Q-Ratio = 2.04 (Enterprise Value 5.39b / Total Assets 2.64b)
Interest Expense / Debt = 2.40% (Interest Expense 29.0m / Debt 1.21b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 161.1m (EBIT 203.9m * (1 - 21.00%))
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 = 1.93 (Net Debt 601.4m / EBITDA 310.9m)
Debt / FCF = 2.69 (Net Debt 601.4m / FCF TTM 223.2m)
Total Stockholder Equity = 981.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.06% (Net Income 247.5m / Total Assets 2.64b)
RoE = 25.21% (Net Income TTM 247.5m / Total Stockholder Equity 981.8m)
RoCE = 13.87% (EBIT 203.9m / Capital Employed (Equity 981.8m + L.T.Debt 488.8m))
RoIC = 8.48% (NOPAT 161.1m / Invested Capital 1.90b)
WACC = 9.25% (E(4.79b)/V(6.00b) * Re(11.11%) + D(1.21b)/V(6.00b) * Rd(2.40%) * (1-Tc(0.21)))
Discount Rate = 11.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.54 | Cagr: -0.76%
[DCF] Terminal Value 75.10% ; FCFF base≈175.4m ; Y1≈201.1m ; Y5≈295.9m
[DCF] Fair Price = 32.49 (EV 3.84b - Net Debt 601.4m = Equity 3.24b / Shares 99.7m; r=9.25% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.17 | EPS CAGR: 51.19% | SUE: 2.77 | # QB: 1
Revenue Correlation: 95.74 | Revenue CAGR: 7.57% | SUE: 1.89 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.52 | Chg30d=+5.39% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.90 | Chg30d=+0.68% | Revisions=+25% | GrowthEPS=-1.5% | GrowthRev=+4.8%
EPS next Year (2027-12-31): EPS=2.13 | Chg30d=+2.29% | Revisions=+25% | GrowthEPS=+12.1% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +29% (up=3, down=1)