Is Oceaneering International (OII) overvalued or fairly valued?

MarketChacha shows Oceaneering International's valuation in context — a trailing P/E of about 22.6, a forward P/E of about 22.0, a price-to-book of about 4.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Oceaneering International's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.22×) from reported figures — education, not a rating.

What is Oceaneering International's revenue?

Oceaneering International reported revenue of $2.6B for FY2025, with net profit of $353.8M, per official filings.

What is the share price of Oceaneering International (OII)?

Oceaneering International last traded at $50.98 (-0.7% on the day), as of 9/2/2026 — a delayed quote shown for education, not investment advice.

Oceaneering International

OII · NYSE · Energy · United States

Snapshot

TickerOII

ExchangeNYSE

SectorEnergy

IndustryOil & Gas Equipment & Services

CountryUnited States

Employees11,100

HeadquartersHouston, United States

Websitewww.oceaneering.com

Filings tracked20

About Oceaneering International

Oceaneering International, Inc. provides engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally. It operates through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. The Subsea Robotics segment offers remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair; ROV tooling; and survey services comprising hydrographic survey and positioning services and autonomous underwater vehicles for geoscience. Its Manufactured Products segment provides distribution and connection systems, such as production control umbilicals and field development hardware and pipeline connection and repair systems; connectors and subsea and topside control valves primarily to the energy industry; and autonomous mobile robotic technology to various industries. The Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services, inspection, maintenance and repair services; installation and workover control systems and ROV workover control systems; diving services; project management and engineering; and drill pipe riser services and systems and wellhead load relief solutions. Its Integrity Management & Digital Solution segment provides asset integrity management services, as well as software, digital, and connectivity solutions for the energy industry. The Aerospace and Defense Technologies segment offers services and products, such as engineering and related manufacturing in defense and space exploration activities. The company was founded in 1964 and is headquartered in Houston, Texas.

Who owns it

Insiders1.3%
Institutions98.7%
Public & other0.0%

500 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.48%
Vanguard Portfolio Management LLC7.96%
State Street Corporation5.02%
Brown Advisory Inc.4.99%
Vanguard Capital Management LLC4.51%
American Century Companies Inc4.04%
Dimensional Fund Advisors LP3.56%
Earnest Partners LLC3.56%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.22×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend4.2% → 13.4%

Margin has expanded by about 9.2 points — the business is getting more profitable.

Return on equity33.0%

Latest ROE of 33.0% — capital is generating a healthy return.

Growth qualityrev 7% · PAT 91%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $717.7M · EPS 0.50

Est. earnings growth +11.3%

Next fiscal year

Rev $3.1B · EPS 2.32

Est. earnings growth +12.7%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.6B

Net margin

13.4%

ROE

33.0%

Revenue CAGR (2y)

+6.5%

Profit CAGR (2y)

+90.6%

EPS (FY2025)

3.49

Net profit (FY2025)

$353.8M

Ask MarketChacha about OII

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.6B	$353.8M	3.49	13.4%	33.0%
FY2024	$2.5B	$147.5M	1.44	5.8%	20.6%
FY2023	$2.3B	$97.4M	0.95	4.2%	15.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$768.2M	$65.0M	0.65	8.5%
2026Q1	$692.4M	$36.1M	0.36	5.2%
2025Q3	$742.9M	$71.3M	0.71	9.6%
2025Q2	$698.2M	$54.4M	0.54	7.8%
2025Q1	$674.5M	$50.4M	0.49	7.5%
2024Q3	$679.8M	$41.2M	0.40	6.1%
2024Q2	$668.8M	$35.0M	0.34	5.2%
2024Q1	$599.1M	$15.1M	0.15	2.5%
2023Q3	$635.2M	$29.8M	0.29	4.7%
2023Q2	$597.9M	$19.0M	0.19	3.2%
2023Q1	$537.0M	$4.1M	0.04	0.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure
SEC7/24/2026material
10-Q — 10-Q OCEANEERING INTERNATIONAL, INC. 2Q 2026
SEC7/23/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC7/7/2026material
8-K — Material agreement, Reg FD disclosure, Other events, Exhibits
SEC6/26/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/24/2026material
8-K — Shareholder vote results
SEC5/18/2026material
8-K — Reg FD disclosure
SEC5/5/2026material
10-Q — 10-Q OCEANEERING INTERNATIONAL, INC. 1Q 2026
SEC4/23/2026
8-K — Results of operations, Exhibits
SEC4/22/2026material
8-K — Executive/director change, Exhibits
SEC3/20/2026material
8-K — Reg FD disclosure
SEC2/25/2026material
10-K — 10-K OCEANEERING INTERNATIONAL, INC. DECEMBER 31, 2025
SEC2/20/2026
8-K — Results of operations, Exhibits
SEC2/18/2026material

2025

8-K — Executive/director change, Exhibits
SEC12/22/2025material
8-K — Reg FD disclosure
SEC11/17/2025material
8-K — Reg FD disclosure
SEC11/4/2025material
10-Q — 10-Q OCEANEERING INTERNATIONAL, INC. 3Q 2025
SEC10/23/2025
8-K — Results of operations, Exhibits
SEC10/22/2025material
8-K — Reg FD disclosure
SEC8/5/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.