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
Up next
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 |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $115M | Q2 2026 | — |
|
|
|||
| Backlog | $445M | as of June 30, 2026 | — |
| Book-to-bill ratio | 0.88 | 12-month period ending on June 30, 2026 | — |
| EBITDA margin | 35% | Q2 2026 | — |
| ROV fleet utilization | 66% | Q2 2026 | — |
|
|
|||
| ROV revenue per day utilized | $11,894 | Q2 2026 | — |
|
|
|||
| Shares repurchased | 263,335 | Q2 2026 | — |
| Free cash flow non-GAAP | $208M | full year 2025 | — |
GAAP → non-GAAP reconciliationGAAP Cash flow provided by (used in) operating activities 318.86M
-111.02M Purchases of property and equipment
= Free Cash Flow 207.85M
|
|||
| ROV days available | 91,250 | year ended Dec 31, 2025 | — |
| ROV days utilized | 59,629 | year ended Dec 31, 2025 | — |
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
|
$5.20B | +117.2% | +4.6% | 15.0 | 6.1% |
|
SLB
Slb Limited/Nv
|
$79.80B | +40.1% | +9.5% | 26.2 | 3.8% |
|
BKR
Baker Hughes Co
|
$64.35B | +42.3% | -0.3% | — | 2.5% |
|
FTI
TechnipFMC plc
|
$30.83B | +76.4% | +9.4% | 27.4 | 3.4% |
|
HAL
Halliburton Co
|
$28.68B | +21.8% | +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 | +8.8% | +23.5% | +40.3% | +7.0% | +117.2% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +8.4% | +19.0% | +26.5% | +3.1% | +103.4% |
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.