
OII is expanding beyond offshore energy with defense, robotics and digital businesses, but cyclical risks and project timing still shape its outlook.
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) | $2.87B |
| Gross Profit (TTM) | $569.26M |
| EBITDA | $404.92M |
| Operating Margin | 11.50% |
| Return on Equity | 34.60% |
| Return on Assets | 7.42% |
| Revenue/Share (TTM) | $28.81 |
| Book Value | $11.70 |
| Price-to-Book | 4.46 |
| Price-to-Sales (TTM) | 1.66 |
| EV/Revenue | 1.873 |
| EV/EBITDA | 12.74 |
| Quarterly Earnings Growth (YoY) | 20.40% |
| Quarterly Revenue Growth (YoY) | 10.00% |
| Shares Outstanding | $99.53M |
| Float | $97.93M |
| % Insiders | 1.30% |
| % Institutions | 108.13% |
Volatility is currently expanding

OII is expanding beyond offshore energy with defense, robotics and digital businesses, but cyclical risks and project timing still shape its outlook.

OII expects consolidated revenues to increase in the third quarter of 2026, with EBITDA projected in the range of $115 million to $125 million.

Oceaneering International NYSE: OII reported second-quarter 2026 results that topped the high end of its adjusted EBITDA guidance range, with management citing strong execution across its portfolio and notable gains in offshore project activity.

Oceaneering International, Inc. (OII) Q2 2026 Earnings Call Transcript

Oceaneering International is shifting toward defense, aerospace, and underwater automation, reducing reliance on cyclical oil and gas markets. OII delivered 10% revenue growth and beat Q2 2026 analyst forecasts, with management maintaining a $400–440 million annual EBITDA outlook. A forward P/E of 25.7x and a low free cash flow margin suggest the current valuation leaves little room for execution missteps.

HOUSTON--(BUSINESS WIRE)--Oceaneering Reports Second Quarter 2026 Results -- Strong second quarter.

OII wins a four-year Petrobras offshore Brazil ROV contract, expanding deepwater subsea support with advanced robotics from 2027.

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Increase in Revolving Credit Facility to $345 Million and Extended Maturity Date to July 2031.

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Expiration and Results of Cash Tender Offer for Any and All of its Outstanding 6.000% Senior Notes due 2028.

HOUSTON--(BUSINESS WIRE)--Oceaneering Announces Pricing Terms of Cash Tender Offer for Any and All of its Outstanding 6.000% Senior Notes due 2028.
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