OCEANEERING INTL INC (OII) Stock Fundamental Analysis

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

29.82 USD

-1.15 (-3.71%)

Last: 1/28/2026, 10:53:08 AM

Fundamental Rating

Overall OII gets a fundamental rating of 6 out of 10. We evaluated OII 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

In the past year OII was profitable.
In the past year OII had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: OII reported negative net income in multiple years.
OII had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

OII has a better Return On Assets (9.14%) than 90.16% of its industry peers.
With an excellent Return On Equity value of 25.58%, OII belongs to the best of the industry, outperforming 93.44% of the companies in the same industry.
OII has a better Return On Invested Capital (11.77%) than 90.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OII is significantly below the industry average of 12.90%.
The last Return On Invested Capital (11.77%) for OII is above the 3 year average (7.48%), which is a sign of increasing profitability.

		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

The Profit Margin of OII (8.21%) is better than 77.05% of its industry peers.
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.
OII's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 20.95%, OII is not doing good in the industry: 67.21% of the companies in the same industry are doing better.
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.
Compared to 1 year ago, OII has about the same amount of shares outstanding.
The number of shares outstanding for OII has been increased compared to 5 years ago.
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.
With an excellent Altman-Z score value of 3.99, OII belongs to the best of the industry, outperforming 85.25% of the companies in the same industry.
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.
OII has a Debt to FCF ratio (4.35) which is comparable to the rest of the industry.
OII has a Debt/Equity ratio of 0.54. This is a neutral value indicating 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.
OII has a Current ratio of 1.97. This is comparable to the rest of the industry: OII outperforms 54.10% of its industry peers.
OII has a Quick Ratio of 1.68. This is a normal value and indicates that OII is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.68, OII is in the better half of the industry, outperforming 62.30% of the companies in the same industry.

		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.
The Earnings Per Share has been growing by 103.37% on average over the past years. This is a very strong growth
Looking at the last year, OII shows a quite strong growth in Revenue. The Revenue has grown by 8.71% in the last year.
Measured over the past years, OII shows a small growth in Revenue. The Revenue has been growing by 5.38% on average per year.

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.
Based on estimates for the next years, OII will show a small growth in Revenue. The Revenue will grow by 4.89% on average per year.

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

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 13.02, 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.
The average S&P500 Price/Earnings ratio is at 28.82. OII is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 15.98 indicates a correct valuation of OII.
OII's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. OII is cheaper than 75.41% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 25.95, OII is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	13.02
Fwd PE	15.98

4.2 Price Multiples

OII's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. OII is cheaper than 60.66% of the companies in the same industry.
OII's Price/Free Cash Flow ratio is in line with the industry average.

		Industry Rank	Sector Rank
P/FCF	26.65
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.