OCEANEERING INTERNATIONAL INC

Listed Company

OIICIK 0000073756NYSELarge AcceleratedOil & Gas Field Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.78B

Net Income

$353.76M

Total Assets

$2.67B

Equity

$1.07B

Shares Out

99.75M

Op. Cash Flow

$318.86M

OII$38.49+79.44% · past yearDBEQ Basic

Daily closing prices

Business

Oceaneering International is a global technology company delivering engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. Core offerings include remotely operated vehicles (ROVs), subsea hardware, survey and positioning services, vessel-based intervention services, asset integrity management, and aerospace and defense engineering. The company operates five reportable segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies, serving customers worldwide with a substantial portion of revenue from international markets.

Summary from 10-K filed 2026-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2,784	2,661	2,425	2,066	1,869
Cost of services and products	2,216	2,176	2,026	1,759	1,605
Gross Margin	568	485	399	307	264
Selling, general and administrative expense	264	239	218	197	224
Income from Operations	305	246	181	111	40
Interest income	14	12	15	6	2
Interest expense, net of amounts capitalized	−37	−38	−37	−38	−39
Equity earnings of unconsolidated affiliates	1	929,000	2	2	594,000
Other Nonoperating Expense	3	4	−1	−1	10
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax	286	225	161	79	—
Income Tax Expense (Benefit)	−68	77	64	53	44
Net Income	354	147	97	26	−49
Basic Earnings per Share	3.53	1.46	0.97	0.26	−0.49
Weighted Average Number of Shares Outstanding, Basic	100	101	101	100	100
Diluted Earnings per Share	3.49	1.44	0.95	0.26	−0.49
Weighted Average Number of Shares Outstanding, Diluted	101	102	102	101	100

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	689	498	462	569	538
Accounts receivable, net of allowances for doubtful accounts	308	304	331	297	263
Contract with Customer, Asset, after Allowance for Credit Loss, Current	−217	−275	−235	−185	−165
Inventory	202	223	210	184	154
Other Assets, Current	97	89	68	63	68
Total Current Assets	1,512	1,388	1,306	1,297	1,188
Property and Equipment, at cost	2,175	2,156	2,286	2,436	2,452
Less accumulated depreciation	1,723	1,736	1,862	1,997	1,963
Property, Plant and Equipment, Net	452	420	424	438	490
Goodwill	51	49	34	34	35
Other non-current assets	129	112	137	122	104
Operating Lease, Right-of-Use Asset	350	335	338	140	146
Deferred Income Taxes and Other Assets, Noncurrent	173	32	—	—	—
Assets, Noncurrent	703	528	509	296	285
Assets	2,667	2,336	2,239	2,032	1,963
Operating Lease, Liability, Noncurrent	257	238	293	152	159
Accounts payable	175	182	156	148	122
Accrued liabilities	472	475	412	307	291
Contract with Customer, Liability, Current	115	141	165	113	88
Total Current Liabilities	762	797	732	568	501
Long-term Debt	487	482	477	701	702
Other Long-term Liabilities	84	99	102	85	90
Commitments and Contingencies	—	—	—	—	—
Common Stock, par value $0.25	28	28	28	28	28
Additional paid-in capital	80	99	132	156	174
Treasury Stock, Common, Value	−568	−555	−574	−606	−632
Retained earnings	1,926	1,573	1,425	1,328	1,302
Accumulated other comprehensive income	−396	−429	−382	−386	−366
Total Shareholders' Equity	1,071	714	628	520	505
Noncontrolling Interest in Variable Interest Entity	6	6	6	6	6
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,077	720	634	526	511
Total Liabilities and Sharesholders' Equity	2,667	2,336	2,239	2,032	1,963

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cost, Depreciation and Amortization	102	103	105	121	140
Accounts receivable	54	−8	−83	−51	41
Inventory	6	−13	−25	−31	7
Currency translation effect on working capital	−22	−16	−18	−15	−14
Capitalized cloud-based service contract costs	−17	—	—	—	—
Accounts payable and accrued liabilites	72,000	−15	3	417,000	6,000
Increase (Decrease) in Other Current Liabilities	−32	9	126	67	63
Increase (Decrease) in Other Noncurrent Liabilities	−12	−8	19	−6	3
Deferred income tax provision	−141	−11	−27	829,000	−2
Inventory Write-down	15	—	—	0	0
Net loss (gain) on dispositions of property and equipment	−3	502,000	−1	−1	769,000
Noncash compensation	15	13	12	10	11
Other Noncash Expense	366,000	1	2	—	−4
Other Noncash Income	—	1	2	2	−4
Total adjustments to net income	−35	56	113	95	275
Net Cash Provided by Operating Activities	319	203	210	121	225
Purchases of property and equipment	−111	−107	−101	−81	−50
Business acquisitions, net of cash acquired	—	−27	—	—	—
Proceeds from Sale of Debt Securities, Available-for-sale	—	0	6	0	4
Payments to Acquire Debt Securities, Available-for-Sale	0	−7	—	—	—
Proceeds from Sale of Equity Method Investments	0	12	—	—	—
Distributions of capital from unconsolidated affiliates	2	3	3	705,000	3
Dispositions of property and equipment and life insurance proceeds	9	217,000	8	6	7
Payment for (Proceeds from) Other Investing Activity	4	2	−2	−3	1
Net Cash Used in Investing Activities	−96	−124	−86	−77	−34
Repayments of Senior Debt	0	0	−400	0	−100
Proceeds from Debt, Net of Issuance Costs	—	—	178	—	—
Purchases of treasury stock	−40	−20	—	—	—
Payments Related to Tax Withholding for Share-based Compensation	−5	−7	−5	−2	—
Payments of Debt Issuance Costs	0	−112,000	—	—	—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	−46	−27	−227	−2	−102
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	14	−16	−3	−12	−3
Net Increase (Decrease) in Cash and Cash Equivalents	191	36	−107	31	86

Filings

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Frequently asked questions

What is OCEANEERING INTERNATIONAL INC's CIK number?

OCEANEERING INTERNATIONAL INC's SEC CIK number is 0000073756 (73756). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find OCEANEERING INTERNATIONAL INC's SEC filings?

All of OCEANEERING INTERNATIONAL INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did OCEANEERING INTERNATIONAL INC last report earnings?

OCEANEERING INTERNATIONAL INC (OII) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000073756-26-000080). This is OCEANEERING INTERNATIONAL INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is OCEANEERING INTERNATIONAL INC's most recent earnings 8-K?

OCEANEERING INTERNATIONAL INC's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0000073756-26-000080. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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