OCEANEERING INTL INC (OII) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:OII - US6752321025 - Common Stock

29.56 USD

-1.41 (-4.55%)

Last: 1/28/2026, 3:30:04 PM

Fundamental Rating

OII gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 61 industry peers in the Energy Equipment & Services industry. While OII belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. OII is not valued too expensively and it also shows a decent growth rate.

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1. Profitability

1.1 Basic Checks

OII had positive earnings in the past year.
In the past year OII had a positive cash flow from operations.
In multiple years OII reported negative net income over the last 5 years.
Each year in the past 5 years OII had a positive operating cash flow.

1.2 Ratios

Looking at the Return On Assets, with a value of 9.14%, OII belongs to the top of the industry, outperforming 90.16% of the companies in the same industry.
OII has a Return On Equity of 25.58%. This is amongst the best in the industry. OII outperforms 93.44% of its industry peers.
OII's Return On Invested Capital of 11.77% is amongst the best of the industry. OII outperforms 90.16% of its industry peers.
OII had an Average Return On Invested Capital over the past 3 years of 7.48%. This is significantly below the industry average of 12.90%.
The 3 year average ROIC (7.48%) for OII is below the current ROIC(11.77%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	9.14%
ROE	25.58%
ROIC	11.77%

ROA(3y)3.98%

ROA(5y)-2.97%

ROE(3y)13.72%

ROE(5y)-11.72%

ROIC(3y)7.48%

ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 8.21%, OII is in the better half of the industry, outperforming 77.05% of the companies in the same industry.
OII has a Operating Margin of 11.72%. This is in the better half of the industry: OII outperforms 62.30% of its industry peers.
In the last couple of years the Operating Margin of OII has grown nicely.
OII has a Gross Margin of 20.95%. This is in the lower half of the industry: OII underperforms 67.21% of its industry peers.
OII's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	11.72%
PM (TTM)	8.21%
GM	20.95%

OM growth 3Y63.2%

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y8.9%

GM growth 5Y30.64%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OII is still creating some value.
OII has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, OII has more shares outstanding
The debt/assets ratio for OII has been reduced compared to a year ago.

2.2 Solvency

OII has an Altman-Z score of 3.99. This indicates that OII is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of OII (3.99) is better than 85.25% of its industry peers.
OII has a debt to FCF ratio of 4.35. This is a neutral value as OII would need 4.35 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.35, OII is in line with its industry, outperforming 52.46% of the companies in the same industry.
A Debt/Equity ratio of 0.54 indicates that OII is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.54, OII perfoms like the industry average, outperforming 44.26% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.54
Debt/FCF	4.35
Altman-Z	3.99

ROIC/WACC1.4

WACC8.41%

2.3 Liquidity

OII has a Current Ratio of 1.97. This is a normal value and indicates that OII is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of OII (1.97) is comparable to the rest of the industry.
A Quick Ratio of 1.68 indicates that OII should not have too much problems paying its short term obligations.
OII has a better Quick ratio (1.68) than 62.30% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.97
Quick Ratio	1.68

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

OII shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 114.02%, which is quite impressive.
OII shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 103.37% yearly.
OII shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.71%.
OII shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.38% yearly.

EPS 1Y (TTM)114.02%

EPS 3Y103.37%

EPS 5YN/A

EPS Q2Q%77.5%

Revenue 1Y (TTM)8.71%

Revenue growth 3Y12.49%

Revenue growth 5Y5.38%

Sales Q2Q%9.28%

3.2 Future

Based on estimates for the next years, OII will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.84% on average per year.
OII is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.89% yearly.

EPS Next Y30.98%

EPS Next 2Y14.22%

EPS Next 3Y14.74%

EPS Next 5Y12.84%

Revenue Next Year5.94%

Revenue Next 2Y3.36%

Revenue Next 3Y4.96%

Revenue Next 5Y4.89%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.91, the valuation of OII can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of OII indicates a rather cheap valuation: OII is cheaper than 88.52% of the companies listed in the same industry.
OII's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.82.
With a Price/Forward Earnings ratio of 15.84, OII is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OII indicates a somewhat cheap valuation: OII is cheaper than 75.41% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of OII to the average of the S&P500 Index (25.95), we can say OII is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	12.91
Fwd PE	15.84

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, OII is valued a bit cheaper than the industry average as 60.66% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OII is on the same level as its industry peers.

		Industry Rank	Sector Rank
P/FCF	26.42
EV/EBITDA	7.06

4.3 Compensation for Growth

OII's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of OII may justify a higher PE ratio.
OII's earnings are expected to grow with 14.74% in the coming years. This may justify a more expensive valuation.