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Oceaneering International OII Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$692.4MBeat by $21.6M
EPS$0.30Miss by $0.05
Revenue estimate$670.8M
EPS estimate$0.35

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$753.4M
EPS estimate$0.53

Financials

Q1 2026

Income statement

See full
Revenue$692.4M+2.7%
Gross profit$127.3M-5.7%
Operating income$57.8M-21.3%
Net income$36.1M-28.3%
EPS (diluted)$0.36-26.5%

Balance sheet

See full
Cash & equivalents$607.5M+59.0%
Total debt$848.8M+1.9%
Total equity$1.1B+43.2%
Total assets$2.6B+16.2%

Cash flow

See full
Operating cash flow-$59.1M+26.8%
CapEx$17.4M-33.3%
Free cash flow-$76.5M+28.4%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$3.53B+59.9%
Enterprise value$3.77B+41.9%
P/E10.4×-1.7×
P/S1.3×+0.5×

Profitability

See full
Gross margin20%+0.7pp
Operating margin10.3%0.0pp
Net margin12.1%+5.4pp
FCF margin8.5%+5.4pp

Returns & leverage

See full
Return on equity36.1%+9.9pp
Debt / equity0.8×-0.3×
Current ratio2.1×+0.2×

Segments

By segment

See full
Subsea Robotics Member$214.3M+4.0%
Manufactured Products Member$143.6M+6.4%
Offshore Projects Group$135.4M-17.9%
Integrity Managements & Digital Solutions Member$67.9M-4.9%

By geography

See full
Non-US$397.7M+4.9%
Africa$94.9M-23.8%
Asia Pacific$59.7M+11.4%
Other Geographical$32.9M+48.0%

Versus estimates

Revenue

Q2 2026$768.2MBeat by $32.5M
Q1 2026$692.4MBeat by $21.6M
Q4 2025$668.6MMiss by $5.6MQ3 2025$742.9MBeat by $64.7MQ2 2025$698.2MMiss by $2.0MQ1 2025$674.5MBeat by $23.2M

Diluted EPS

Q2 2026$0.65Beat by $0.19
Q1 2026$0.30Miss by $0.05
Q4 2025$0.45Beat by $0.14Q3 2025$0.55Beat by $0.13Q2 2025$0.49Beat by $0.07Q1 2025$0.43Beat by $0.07

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Questions, answered.

When did Oceaneering International report Q1 2026 earnings?
Oceaneering International (OII) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Oceaneering International's Q1 2026 revenue and EPS?
Oceaneering International reported revenue of $692.4M and eps of $0.30 for Q1 2026.
Did Oceaneering International beat estimates in Q1 2026?
Revenue beat the consensus estimate of $670.8M by $21.6M. EPS missed the consensus estimate of $0.35 by $0.05.
How did Oceaneering International's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.7% from $674.5M a year earlier and eps declined 30.2% from $0.43.
Where can I find Oceaneering International's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000073756-26-000080) and the 10-Q periodic report (0000073756-26-000082) directly on SEC EDGAR. The filing index links above go to sec.gov.