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Other financials

Income statement

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Revenue$768.2M+10.0%
Operating income$88.2M+11.4%
Net income$65.0M+19.4%
EPS (diluted)$0.65+20.4%

Balance sheet

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Cash & equivalents$629.5M+45.0%
Total debt$822.2M+2.2%
Total equity$1.2B+38.3%
Total assets$2.7B+15.5%

Cash flow

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Operating cash flow-$59.1M+26.8%
CapEx$23.2M-23.4%
Free cash flow-$76.5M+28.4%

Valuation

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Market cap$4.9B+123%
Enterprise value$5.09B+98.7%
P/E14×+3.2×
P/S1.7×+0.9×

Profitability

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Gross margin19.8%-0.3pp
Operating margin10.4%-0.5pp
Net margin12.2%+4.9pp
FCF margin8.5%+5.4pp

Returns & leverage

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Return on equity34.9%+7.8pp
Debt / equity0.7×-0.2×
Current ratio2.2×+0.2×

Where this comes from

Calculated from Oceaneering International’s reported figures.

The source filing: Oceaneering International’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:34 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000073756-26-000136
(in thousands, except per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$768,184$698,161$1,460,613$1,372,684
Cost of services and products611,202549,7341,176,3611,089,246
Gross margin156,982148,427284,252283,438
Selling, general and administrative expense68,74569,238138,227130,777
Income (loss) from operations88,23779,189146,025152,661
Interest income4,9043,0179,9656,661
Interest expense, net of amounts capitalized(8,456)(9,472)(17,561)(18,547)
Equity in income (losses) of unconsolidated affiliates1,2103111,487673

Item 1.Financial Statements

FAQ

What is Oceaneering International's gross profit?
Oceaneering International (OII) reported gross profit of $156.98M in Q2 2026.
How has Oceaneering International's gross profit changed year-over-year?
Oceaneering International's gross profit increased by 5.8% year-over-year, from $148.43M to $156.98M.
What is the long-term trend for Oceaneering International's gross profit?
Over 4 years (2021 to 2025), Oceaneering International's gross profit has grown at a 21.1% compound annual growth rate (CAGR), from $264.07M to $568.44M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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