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Oceaneering International OII Q4 2024 Annual earnings

Reported February 19, 2025 · After market close

Revenue$713.5MBeat by $31.8M
EPS$0.37Miss by $0.02
Revenue estimate$681.6M
EPS estimate$0.39

Next report

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

Financials

Q4 2024

Income statement

See full
Revenue$713.5M+9.0%
Gross profit$141.9M+34.4%
Operating income$77.9M+64.1%
Net income$56.1M+26.0%
EPS (diluted)$0.55+27.9%

Balance sheet

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Cash & equivalents$497.5M+7.8%
Total debt$851.7M+0.4%
Total equity$714.3M+13.7%
Total assets$2.3B+4.3%

Cash flow

See full
Operating cash flow$128.4M-16.0%
CapEx$33.9M-0.5%
Free cash flow$94.5M-20.4%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$2.64B+22.9%
Enterprise value$2.99B+18.1%
P/E17.9×-4.2×
P/S+0.1×

Profitability

See full
Gross margin18.2%+1.8pp
Operating margin9.3%+1.8pp
Net margin5.5%+1.5pp
FCF margin3.6%-0.9pp

Returns & leverage

See full
Return on equity22%+5.0pp
Debt / equity1.2×-0.2×
Current ratio1.7×0.0×

Segments

By geography

See full
Non-US$428.3M+5.5%
Africa$131.4M+54.6%
Asia Pacific$75.6M-22.6%
Other geographical member$33.5M-29.3%

By segment

See full
Offshore Projects Group$184.4M+14.4%

By product

See full
Service$524.6M+9.3%

Versus estimates

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Questions, answered.

When did Oceaneering International report Q4 2024 earnings?
Oceaneering International (OII) reported Q4 2024 earnings on February 19, 2025 after market close.
What were Oceaneering International's Q4 2024 revenue and EPS?
Oceaneering International reported revenue of $713.5M and eps of $0.37 for Q4 2024.
Did Oceaneering International beat estimates in Q4 2024?
Revenue beat the consensus estimate of $681.6M by $31.8M. EPS missed the consensus estimate of $0.39 by $0.02.
Where can I find Oceaneering International's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000073756-25-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.