OII · Oceaneering International Inc
5 customers — 31% of revenue (2025)
“Our top five customers in 2025, 2024 and 2023 accounted for 31%, 31% and 36%, respectively, of our consolidated revenue.”
One customer — 12% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, revenue from one customer, the U.S. Government, accounted for 12% of our total consolidated annual revenue, and no other customer accounted for more than 10% of our total consolidated revenue.”
5 customers — 31% of revenue (2024)
“Our top five customers in 2025, 2024 and 2023 accounted for 31%, 31% and 36%, respectively, of our consolidated revenue.”
5 customers — 36% of revenue (2023)
“Our top five customers in 2025, 2024 and 2023 accounted for 31%, 31% and 36%, respectively, of our consolidated revenue.”
One customer — 10% of revenue (the year ended December 31, 2023)
“For the year ended December 31, 2023, revenue from one customer, the U.S. Government, accounted for 10% of our total consolidated annual revenue, and no other customer accounted for more than 10% of our total consolidated revenue.”
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $115M | Q2 2026 | — |
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| Adjusted EBITDA margin % (non-GAAP) non-GAAP | 15% | Three Months Ended Jun 30, 2026 | — |
| Backlog | $445M | As of June 30, 2026 | — |
| Book-to-bill ratio | 0.88 | 12-month period ending June 30, 2026 | — |
| EBITDA (non-GAAP) non-GAAP | $115.63M | Three Months Ended Jun 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) attributable to Oceaneering (GAAP) 65.02M
-1.44M Net income (loss) attributable to noncontrolling interest (GAAP)
+27.43M Depreciation and amortization
+3.55M Interest expense, net of interest income
-1.43M Amortization included in interest expense
+22.5M Provision (benefit) for income taxes
= EBITDA (non-GAAP) 115.63M
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| Free Cash Flow (non-GAAP) non-GAAP | -$44.5M | Six Months Ended Jun 30, 2026 | — |
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| ROV days available | 22,750 | Q2 2026 | — |
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| ROV days utilized | 14,930 | Q2 2026 | — |
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| ROV fleet utilization | 66% | Q2 2026 | — |
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| ROV revenue per day utilized | $11,894 | Q2 2026 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Equipment & Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OII
this stock
Oceaneering International Inc
|
$5.39B | +119.3% | +4.6% | 15.6 | 6.1% |
|
SLB
Slb Limited/Nv
|
$79.16B | +39.5% | +9.5% | 26.0 | 3.8% |
|
BKR
Baker Hughes Co
|
$63.97B | +41.6% | -0.3% | — | 2.5% |
|
FTI
TechnipFMC plc
|
$30.20B | +72.8% | +9.4% | 26.8 | 3.4% |
|
HAL
Halliburton Co
|
$29.18B | +23.9% | +22.5% | — | 4.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OII | +3.3% | +17.1% | +40.2% | +8.0% | +119.3% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | +3.7% | +14.2% | +28.7% | +5.1% | +106.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.