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Oceaneering International vs Slb: revenue, profit, margins and growth compared

Oceaneering International brought in $2.8B of revenue in fiscal 2025, Slb $35.7B in fiscal 2025. Revenue changed by +4.6% at Oceaneering International and -1.6% at Slb on the year before, so Oceaneering International grew faster. Oceaneering International kept 12.7% of its revenue as net profit, Slb 9.4%. Free cash flow was $207.8M at Oceaneering International and $4.8B at Slb.

Side by side, latest fiscal year

OIISLB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.8B$35.7B
Revenue growth+4.6%-1.6%
Net income$353.8M$3.4B
Net margin12.7%9.4%
Free cash flow$207.8M$4.8B
Free cash flow margin7.5%13.4%
Earnings per share (diluted)$3.49$2.35
Cash$688.9M$3B
Debt$487.4M$9.7B
Price to earnings13.321.9
Market value$4.6B$76.5B
Dividend yieldn/an/a
Rank by revenue in sector#48 of 129 · Energy#10 of 129 · Energy

Over the years

Revenue
OII FY2018: $1.9BOII FY2019: $2BOII FY2020: $1.8BOII FY2021: $1.9BOII FY2022: $2.1BOII FY2023: $2.4BOII FY2024: $2.7BOII FY2025: $2.8BSLB FY2018: $32.8BSLB FY2019: $32.9BSLB FY2020: $23.6BSLB FY2021: $22.9BSLB FY2022: $28.1BSLB FY2023: $33.1BSLB FY2024: $36.3BSLB FY2025: $35.7BFY18FY19FY20FY21FY22FY23FY24FY25
OII $2.8BSLB $35.7B
Net income
OII FY2018: -$212.3MOII FY2019: -$348.4MOII FY2020: -$496.8MOII FY2021: -$49.3MOII FY2022: $25.9MOII FY2023: $97.4MOII FY2024: $147.5MOII FY2025: $353.8MSLB FY2018: $2.1BSLB FY2019: -$10.1BSLB FY2020: -$10.5BSLB FY2021: $1.9BSLB FY2022: $3.4BSLB FY2023: $4.2BSLB FY2024: $4.5BSLB FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
OII $353.8MSLB $3.4B
Net margin
OII FY2018: -11.1%OII FY2019: -17.0%OII FY2020: -27.2%OII FY2021: -2.6%OII FY2022: 1.3%OII FY2023: 4.0%OII FY2024: 5.5%OII FY2025: 12.7%SLB FY2018: 6.5%SLB FY2019: -30.8%SLB FY2020: -44.6%SLB FY2021: 8.2%SLB FY2022: 12.2%SLB FY2023: 12.7%SLB FY2024: 12.3%SLB FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25
OII 12.7%SLB 9.4%
Revenue growth
OII FY2019: +7.3%OII FY2020: -10.8%OII FY2021: +2.3%OII FY2022: +10.5%OII FY2023: +17.4%OII FY2024: +9.8%OII FY2025: +4.6%SLB FY2019: +0.3%SLB FY2020: -28.3%SLB FY2021: -2.8%SLB FY2022: +22.5%SLB FY2023: +18.0%SLB FY2024: +9.5%SLB FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25
OII +4.6%SLB -1.6%
Free cash flow
OII FY2018: -$72.9MOII FY2019: $9.9MOII FY2020: $76MOII FY2021: $175.1MOII FY2022: $39.8MOII FY2023: $109.2MOII FY2024: $96.1MOII FY2025: $207.8MSLB FY2018: $3.6BSLB FY2019: $3.7BSLB FY2020: $1.8BSLB FY2021: $3.5BSLB FY2022: $2.1BSLB FY2023: $4.7BSLB FY2024: $4.7BSLB FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
OII $207.8MSLB $4.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Oceaneering International and Slb

Which is bigger by revenue, Oceaneering International or Slb?

Slb is bigger by revenue: $35.7B in fiscal 2025, against $2.8B for Oceaneering International in fiscal 2025.

Which keeps more of its revenue as profit, Oceaneering International or Slb?

Oceaneering International had a net margin of 12.7% in fiscal 2025; Slb had 9.4% in fiscal 2025.

Which grew revenue faster, Oceaneering International or Slb?

In their latest fiscal years revenue changed by +4.6% at Oceaneering International and -1.6% at Slb.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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