OCEANEERING INTERNATIONAL INC (OII)
Energy · Offshore energy services and subsea robotics · NYSE
Global provider of subsea robotics, engineered offshore services, and autonomous solutions for energy, aerospace and defense industries.
What OCEANEERING INTERNATIONAL INC does
Oceaneering International is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace and manufacturing industries. The company operates across two main businesses: an Energy segment focused on subsea robotics, manufactured products, offshore projects, and integrity management services for oil and gas; and an Aerospace and Defense Technologies segment serving non-energy industries. The company is one of the world's largest underwater services contractors, with approximately 55% of revenue derived from foreign operations.
Themes: ["Subsea robotics and remotely operated vehicles","Offshore oil and gas services","Underwater engineering and intervention","Aerospace and defense technologies","Digital asset management and software solutions","Offshore renewable energy (wind)","Autonomous robotics","Energy transition solutions"]
Fundamentals
- Price$40.68 as of 2026-07-09 close
- Market cap$4.1B as of 2026-07-10
- 1-year return+90.0% as of 2026-07-09 close
- P/E12.04 as of 2026-07-10
- Net margin+12.1% as of 2026-07-10
- Gross margin+20.2% as of 2026-07-10
- ROE+34.6% as of 2026-07-10
- Debt / equity0.44 as of 2026-07-10
- Revenue growth (YoY)+2.4% as of 2026-07-10
- Revenue CAGR (3y)+10.5% SEC XBRL
- Beta1.20 as of 2026-07-10
Key risks (from latest filing)
["Dependence on offshore energy industry spending cycles; approximately 55% of revenue is from oil and gas services, making the company vulnerable to commodity price fluctuations and upstream capital expenditure cuts.","Working capital and cash flow pressures; Q1 2026 operating cash flow was negative ($59.1M), driven by increases in receivables and contract assets, constraining liquidity despite profitable operations.","Competitive market for ROV services and subsea solutions with consolidation pressures; the company must continue retrofitting and retiring aging ROV fleets to remain competitive."]
Competitors & peers
- TechnipFMC (FTI)
- Halliburton (HAL)
- Schlumberger (SLB)
- Baker Hughes (BKR)
- Helix Energy (HLX)
- Superior Energy Services (SEGY)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.