Oceaneering International (OII) AI Stock Analysis

• Market Cap: $2.30B
• Dividend Yield: N/A
• Average Volume (3M): 700.41K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 1.17
• Revenue Growth: 8.71%
• EPS Growth: 72.09%
• Country: US
• Employees: 10,400
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.55
• Shares Outstanding: 99,775,210
• 10 Day Avg. Volume: 833,983
• 30 Day Avg. Volume: 700,407
• PEG Ratio: 0.35
• Price to Book (P/B): 3.69
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 27.46
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 1.02
• Enterprise Value/Gross Profit: 5.01
• Enterprise Value/Ebitda: 6.66
• 1Y Price Target: $24.00
• Price Target Upside: 4.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: $26.00 ▲(12.90% Upside)

Oceaneering International's strong financial performance and undervaluation are key strengths, supported by record EBITDA and strategic growth in the ADTech segment. However, technical indicators suggest weak momentum, and anticipated revenue declines in Q4 present challenges. The company's solid cash flow and strategic positioning provide resilience and potential for future growth.

Oceaneering International Business Overview & Revenue Model

Company Description

Oceaneering International, Inc. is a global provider of engineered services and products, primarily serving the offshore oil and gas industry. The company operates in various sectors, including subsea services, offshore engineering, robotics, and advanced technologies. Oceaneering's core offerings include remotely operated vehicles (ROVs), subsea intervention services, and asset integrity solutions, which are essential for the exploration and production of oil and gas in challenging underwater environments.

How the Company Makes Money

Oceaneering generates revenue through multiple streams, primarily by providing subsea services and products to the oil and gas industry. Key revenue streams include the rental and operation of ROVs, subsea tooling, and inspection services. The company also earns money from its engineering and project management services, which help clients design and implement complex offshore projects. Significant partnerships with major oil and gas companies and a focus on innovation in robotics and technology enhance Oceaneering's competitive edge, contributing to its earnings by securing long-term contracts and expanding its service offerings in emerging markets.

Oceaneering International Financial Statement Overview

Summary

Oceaneering International shows consistent revenue growth and improved profitability with a strong gross profit margin of 20.43% and net profit margin of 8.21%. The balance sheet indicates reduced leverage and a strong return on equity of 28.59%. Cash flow is robust with a 9.84% growth in free cash flow, although there is room for improvement in cash conversion efficiency.

Income Statement

Oceaneering International has demonstrated consistent revenue growth, with a TTM growth rate of 2.28% and a strong improvement in profitability metrics. The gross profit margin has increased to 20.43%, and the net profit margin has improved to 8.21%, indicating enhanced operational efficiency. The EBIT and EBITDA margins have also shown positive trends, reflecting better cost management. However, the growth rate is moderate, and there is room for further improvement in profitability.

Balance Sheet

The company's balance sheet shows a significant reduction in leverage, with the debt-to-equity ratio decreasing to 0.53 in the TTM period, indicating improved financial stability. Return on equity has increased to 28.59%, showcasing strong profitability relative to shareholder equity. However, the equity ratio remains moderate, suggesting a balanced but not overly conservative capital structure.

Cash Flow

Oceaneering International's cash flow performance is solid, with a 9.84% growth in free cash flow in the TTM period. The operating cash flow to net income ratio is 0.30, indicating adequate cash generation relative to net income. The free cash flow to net income ratio of 0.49 suggests a healthy conversion of earnings into cash. While cash flow metrics are strong, further improvement in cash conversion efficiency could enhance the financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.83B	2.66B	2.42B	2.07B	1.87B	1.83B
Gross Profit	578.11M	485.49M	398.97M	307.38M	264.06M	163.94M
EBITDA	435.31M	366.28M	302.54M	231.83M	179.52M	-269.98M
Net Income	232.21M	147.47M	97.40M	25.94M	-49.31M	-496.75M
Balance Sheet
Total Assets	2.54B	2.34B	2.24B	2.03B	1.96B	2.05B
Cash, Cash Equivalents and Short-Term Investments	505.99M	504.52M	461.57M	575.11M	544.53M	462.19M
Total Debt	486.02M	851.75M	848.66M	872.39M	879.35M	980.12M
Total Liabilities	1.63B	1.62B	1.60B	1.51B	1.45B	1.49B
Stockholders Equity	913.73M	714.26M	628.02M	519.74M	504.96M	552.09M
Cash Flow
Free Cash Flow	111.66M	96.08M	109.23M	39.84M	175.12M	75.96M
Operating Cash Flow	226.11M	203.21M	209.96M	120.88M	225.31M	136.65M
Investing Cash Flow	-129.44M	-124.17M	-86.35M	-76.86M	-34.16M	-52.59M
Financing Cash Flow	-45.62M	-27.04M	-227.30M	-1.86M	-101.68M	-1.70M

Oceaneering International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.03
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OII, the sentiment is Negative. The current price of 23.03 is below the 20-day moving average (MA) of 23.42, below the 50-day MA of 24.03, and above the 200-day MA of 21.95, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 44.64 is Neutral, neither overbought nor oversold. The STOCH value of 25.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OII.

Oceaneering International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDW	―	$2.50B	13.08	17.91%	―	7.76%	26.49%
OII	―	$2.30B	10.07	28.92%	―	8.71%	72.09%
NOV	―	$5.52B	15.29	5.93%	3.37%	-1.43%	-63.13%
HLX	―	$994.27M	23.94	2.71%	―	-1.95%	530.91%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
AESI	―	$1.49B	93.07	1.20%	8.19%	49.18%	-87.20%
PUMP	―	$1.15B	―	-2.05%	―	-11.65%	87.57%

Oceaneering International Corporate Events

Oceaneering International’s IMDS Segment Faces Market Volatility and Growth Challenges

Oceaneering International’s Integrity Management & Digital Solutions (IMDS) segment faces a potential business risk despite recent improvements in operating results. The segment’s reliance on the oil and gas, power generation, and petrochemical industries exposes it to fluctuations in these markets, which could impact demand for its asset integrity management and digital solutions. Additionally, the absence of the one-time, non-cash charge from the previous year may not be a sustainable factor for future growth. As the company continues to navigate these industry-specific challenges, maintaining consistent revenue and managing operational costs will be crucial to mitigating this risk.

Oceaneering International Reports Strong Q3 2025 Results

Oceaneering International, Inc. is a global technology company that provides engineered services, products, and robotic solutions primarily to the offshore energy, defense, aerospace, and manufacturing industries.

Oceaneering International’s Earnings Call Highlights Resilience and Growth

The recent earnings call for Oceaneering International painted a picture of robust financial health, underscored by record EBITDA and notable growth in the ADTech segment. Despite some anticipated challenges, such as a projected revenue decline in the fourth quarter and reduced activity in certain segments, the company’s strategic contracts and solid cash flow position highlight its resilience and potential for future growth.

Oceaneering International Releases Investor Handout August 2025

Oceaneering International announced that an investor handout will be available on their website for institutional investors starting August 4, 2025, after market close. This move aims to provide stakeholders with accessible information, potentially impacting investor relations and market engagement.

The most recent analyst rating on (OII) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Oceaneering International stock, see the OII Stock Forecast page.