OCEANEERING INTERNATIONAL INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OCEANEERING INTERNATIONAL INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2,272	1,922	1,909	2,048	1,828	1,869	2,066	2,425	2,661	2,784
Cost of revenue	1,992	1,727	1,780	1,950	1,664	1,605	1,759	2,026	2,176	2,216
Gross profit	279	195	129	98.2	164	264	307	399	485	568
Selling, general and administrative	208	184	198	215	196	224	197	218	239	264
Operating income	70.8	10.7	-145	-291	-446	39.8	111	181	246	305
Interest expense	25.3	27.8	37.7	42.7	43.9	38.8	38.2	36.5	37.9	37
Interest income	3.9	7.36	9.96	7.89	3.08	2.48	5.71	15.4	12.1	14.5
Other non-operating income	-6.24	-6.06	-8.79	-6.62
Pre-tax income	-180	-93.1	-132	-272	-306	-125	-50.4	-62.3	-8.9	41.7
Income tax	18.8	-184	26.5	17.6	-2.15	43.6	53.1	63.7	77.4	-67.9
Net income	24.6	166	-212	-348	-497	-49.3	25.9	97.4	147	354
EBITDA	321	224	148	-27.3	82.8	180	232	286	350	407
EPS, basic	0.25	1.69	-2.16	-3.52	-5.01	-0.49	0.26	0.97	1.46	3.53
EPS, diluted	0.25	1.68	-2.16	-3.52	-5.01	-0.49	0.26	0.95	1.44	3.49
Shares, basic (weighted)	98	98.2	98.5	98.9	99.2	99.7	100	101	101	100
Shares, diluted (weighted)	98.4	98.8	98.5	98.9	99.2	99.7	101	102	102	101
Dividend per share	0.96	0.45	0.00	0.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	450	430	354	374	452	538	569	462	498	689
Short-term investments					10.2	6.42	6.37	0	7	7
Receivables	490	477	369	421	296	263	297	331	304	308
Inventory	280	215	195	175	141	154	184	210	223	202
Other current assets	42.5	64.9	71	53.4	58.8	68.4	62.5	68.5	88.7	96.6
Total current assets	1,263	1,187	1,245	1,244	1,170	1,188	1,297	1,306	1,388	1,512
Property, plant and equipment	1,153	1,064	965	777	591	490	438	424	420	452
Lease right-of-use assets				163	141	146	140	338	335	350
Goodwill	444	456	413	405	35	34.9	34.3	34.2	49.4	51
Intangible assets	87.8	85.3	80	25.8	14.3	12.6	11.5	21.2	33.3	30.3
Other non-current assets	271	317	202	151	108	104	122	137	112	129
Total assets	3,130	3,024	2,825	2,741	2,046	1,963	2,032	2,239	2,336	2,667
Accounts payable	77.6	85.5	103	146	94.2	122	148	156	182	175
Accrued liabilities	431	350	307	338	293	291	307	412	475	472
Deferred revenue	122	63	85.2	117	50	88.2	113	165	141	115
Short-term debt							0
Total current liabilities	508	436	495	601	437	501	568	732	797	762
Long-term debt	793	792	787	797	805	702	701	477	482	487
Lease liabilities				161	156	159	152	293	238	257
Other non-current liabilities	312	131	128	107	89.2	90.1	84.7	102	98.8	84.2
Total liabilities	1,614	1,359	1,410	1,665	1,488	1,452	1,506	1,605	1,616	1,591
Total debt	793	792	787	797	805	702	701	477	482	487
Paid-in capital	228	225	220	207	192	174	156	132	98.6	80.5
Retained earnings	2,295	2,417	2,205	1,850	1,351	1,302	1,328	1,425	1,573	1,926
Treasury stock	-731	-719	-704	-682	-660	-632	-606	-574	-555	-568
Other comprehensive income	-303	-292	-339	-334	-359	-366	-386	-382	-429	-396
Shareholders' equity	1,517	1,659	1,409	1,069	552	505	520	628	714	1,071
Minority interests	0	5.35	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06
Total equity	1,517	1,665	1,415	1,075	558	511	526	634	720	1,077
Total liabilities and equity	3,130	3,024	2,825	2,741	2,046	1,963	2,032	2,239	2,336	2,667
Shares outstanding							111	111	111

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	24.6	166	-212	-348	-497	-49.3	25.9	97.4	147	354
Depreciation and amortization	250	214	294	263	529	140	121	105	103	102
Stock-based compensation	14.7	11.5	11.6	11.4	8.68	11	10.4	12.1	12.8	14.8
Deferred income tax	0.1	-235	11.9	-12.3	-4.16	-1.8	0.83	-26.8	-11.3	-141
Change in receivables	123	13.1	86.7	17.6	126	41.1	-50.7	-83.1	-8	53.9
Change in inventory	17.8	65.5	12.5	11.8	26.5	7.31	-30.7	-25.4	-13.1	5.82
Change in payables	-115	-81.8	-4.37	5.53	8.93	0.01	0.42	3.25	-14.7	0.07
Cash from operations	339	136	36.6	158	137	225	121	210	203	319
Capital expenditures	-112	-93.7	-109	-148	-60.7	-50.2	-81	-101	-107	-111
Acquisitions	-30.1	-11.3	-68.6	0	0				-27.1
Purchases of investments									-7	0
Sales and maturities of investments	0	0	69.8	0	0	4.49	0	6.23	0
Cash from investing	-169	-112	-98.8	-135	-52.6	-34.2	-76.9	-86.4	-124	-96.2
Debt issued	0	0	296	0	0
Debt repaid	0	0	-300	0	0	-100	0	-400	0	0
Share buybacks	0	0							-20	-40.3
Dividends paid		-44.2	0	0
Cash from financing	-96.1	-45.9	-5.63	-2.3	-1.7	-102	-1.86	-227	-27	-45.6
Exchange rate effect	-8.95	1.6	-8.15	-1.09	-4	-3.38	-11.5	-3.48	-16.1	14.3
Net change in cash	65	-19.9	-76.1	19.4	78.4	86.1	30.6	-107	36	191
Free cash flow	227	42.8	-72.9	9.89	76	175	39.8	109	96.1	208
Interest paid	29.2	32	37	46	44	39	38	34	32	32
Income taxes paid	75.8	43.3	29.7	29.8	26.3	29.2	45	44	94.7	102

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $46.26 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	19.8%	Gross profit / revenue.
Operating margin	10.4%	Operating income / revenue.
EBITDA margin	14.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	12.2%	Net income / revenue.
FCF margin	7.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	11.1%	Cash from operations / revenue.
Return on equity (ROE)	30.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	13.0%	Net income / average total assets.
Return on invested capital (ROIC)	23.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	9.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.3%	Capital expenditures / revenue.
D&A / revenue	3.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	10.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	17.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	22.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	28.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	23.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	40.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	16.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	20.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	37.5%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	139.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	138.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	142.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	137.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	56.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	38.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	18.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	116.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	73.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	22.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	49.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	27.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	14.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	14.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.18x	Current assets / current liabilities.
Quick ratio	1.45x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.88x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.42x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	18.2%	Total debt / total assets.
Liabilities / assets	56.5%	Total liabilities / total assets.
Net debt	-$146.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-0.36x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	8.28x	Operating income / interest expense.
Working capital	$854.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	1.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.11B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.07x	Revenue / average total assets.
Fixed asset turnover	6.48x	Revenue / average property, plant and equipment.
Inventory turnover	11.6x	Cost of revenue / average inventory.
Days inventory	31 days	365 x average inventory / cost of revenue.
Receivables turnover	6.93x	Revenue / average receivables.
Days sales outstanding	53 days	365 x average receivables / revenue.
Days payables	24 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	60 days	Days inventory + days sales outstanding - days payables.
FCF conversion	63.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	29.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.48	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$28.51	Revenue / diluted weighted shares.
FCF per share	$2.22	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.16	Cash from operations / diluted weighted shares.
Book value per share	$11.56	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.05	Tangible book value / shares outstanding.
Cash per share	$6.32	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	13.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.60B	Share price x shares outstanding.
Enterprise value	$4.46B	Market cap + total debt - cash - short-term investments.
P/E	13.2x	Market cap / net income. Only when net income is positive.
P/S	1.60x	Market cap / revenue.
P/B	3.96x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.14x	Market cap / tangible book value, when positive.
P/FCF	20.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	14.5x	Market cap / cash from operations, when positive.
EV/Sales	1.55x	Enterprise value / revenue.
EV/EBIT	15.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.0x	Enterprise value / EBITDA, when both are positive.
EV/FCF	20.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.8%	Free cash flow / market cap.
Earnings yield	7.6%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.7%	(Dividends paid + share buybacks) / market cap.
PEG	0.10x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was OCEANEERING INTERNATIONAL INC's revenue in fiscal 2025?

OCEANEERING INTERNATIONAL INC reported revenue of $2.78B for fiscal 2025, 4.6% higher than the year before.

Was OCEANEERING INTERNATIONAL INC profitable in fiscal 2025?

Yes. Net income was $353.8M, a net margin of 12.7%.

How much free cash flow did OCEANEERING INTERNATIONAL INC generate in fiscal 2025?

Cash from operations of $318.9M minus capital expenditures of $111.0M left free cash flow of $207.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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