Oceaneering International, Inc. provides engineered products and services to the offshore oil and gas, defense, aerospace and commercial theme park industries globally. The company is headquartered in Houston, Texas.
| Revenue (TTM) | $2.91B |
| Gross Profit (TTM) | $581.08M |
| EBITDA | $411.02M |
| Operating Margin | 11.70% |
| Return on Equity | 30.80% |
| Return on Assets | 7.14% |
| Revenue/Share (TTM) | $29.26 |
| Book Value | $12.29 |
| Price-to-Book | 2.77 |
| Price-to-Sales (TTM) | 1.17 |
| EV/Revenue | 1.181 |
| EV/EBITDA | 8.37 |
| Quarterly Earnings Growth (YoY) | -26.80% |
| Quarterly Revenue Growth (YoY) | 5.60% |
| Shares Outstanding | $99.53M |
| Float | $97.88M |
| % Insiders | 1.28% |
| % Institutions | 107.57% |
Volatility is currently contracting
OII sees Brazil, Guyana and Mozambique driving offshore growth in 2027, with rising subsea demand, $180 million in new contracts and EBITDA guidance of $430-$480 million.
Consolidated adjusted EBITDA reached $119 million in the third quarter. Subsea Robotics EBITDA margin improved to 39% during the quarter.
We believe Bentley Systems is attractive due to its strong free cash flow, high customer retention, and durable competitive advantages trading at a discount to our estimates of its long-term intrinsic value. We believe U.S. Physical Therapy may benefit from an aging population, increasing demand for outpatient rehabilitation services, and continued market consolidation. We exited the Essential Utilities position as the share price appreciated reducing the stock's potential upside and made its risk/reward profile less compelling redeploying the capital into what we view as higher conviction opportunities.
Oceaneering International, Inc. ( OII ) Q3 2026 Earnings Call October 22, 2026 11:00 AM EDT Company Participants Hilary Frisbie - Senior Director of Investor Relations Roderick Larson - President, CEO & Director Michael Sumruld - Senior VP & Chief Financial Officer Conference Call Participants Edward Kim - Barclays Bank PLC, Research Division Keith Beckmann - Pickering Energy Partners LP Colby Sasso - Daniel Energy Partners, LLC James West - Melius Research LLC Presentation Operator Welcome to Oceaneering's Third Quarter 2026 Earnings Conference Call. My name is Ellen, and I will be your conference operator.
HOUSTON--(BUSINESS WIRE)--Oceaneering Reports Third Quarter 2026 Results.
Oceaneering International receives a buy rating, challenging the neutral Wall St. consensus, driven in part by market momentum and robust macro demand. OII has outperformed the S&P 500 and energy sector benchmarks this year, with subsea robotics as its largest and fast-growing revenue segment. Strong ROE, improving operating margins, and rising operating cash flow underpin durability, despite sector volatility and a sub-investment-grade credit rating.
Oceaneering International is rated Buy at ~$44.97, contingent on delivering earnings and cash flow improvements through 2028. Q3 EBITDA guidance of ~$115–$125M and higher profits from ROV pricing, fleet utilization, and defense activity are key to supporting current valuation. Revenue growth alone is insufficient; robust cash conversion and margin expansion are critical for justifying OII's valuation and potential share price upside.
MU, EQNR and OII made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 7th, 2026.
OII's $154 million Navy award expands ADTech's defense exposure, reinforces its Dry Deck Shelter role and adds potential revenue visibility.
HOUSTON--(BUSINESS WIRE)--Oceaneering Announces U.S. Navy Dry Deck Shelter Award. ADTech awarded follow-on 5-yrs contract (1 base yr and 4 option yrs), w/potential of $154M.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on OII and any ticker you trade — then tracks every position and per-strategy win rate.
