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Oceaneering International OII Offshore Projects Group — Income (Loss) from Operations

Other segment segments

Unallocated Expenses Member
-$189.56M-20.2%
Subsea Robotics Member
$66.33M+2.8%
Unallocated Expenses
-$46.7M-17.6%
Manufactured Products Member
$21.94M+16.8%
Aerospace and Defense Technologies Member
$16.56M+35.5%
Integrity Managements & Digital Solutions Member
$100K-97.8%

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Other financials

Income statement

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Revenue$768.2M+10.0%
Gross profit$157.0M+5.8%
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

Reported directly by Oceaneering International in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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)Subsea RoboticsManufactured ProductsOPGIMDSADTechUnallocated ExpensesTotal
Revenue$232,016$149,030$182,843$70,844$133,451$768,184
Cost of services and products150,146117,173142,67262,944108,61129,656611,202
Selling, general and administrative 115,5459,92210,1527,8008,41516,91168,745
Operating income (loss)66,32521,93530,01910016,425(46,567)88,237
Interest income4,9044,904
Interest expense, net of amounts capitalized(8,456)(8,456)
Equity in income (losses) of unconsolidated affiliates1,2101,210
Other income (expense), net182182

Item 1.Financial Statements

FAQ

What is Oceaneering International's offshore projects group — income (loss) from operations?
Oceaneering International (OII) reported offshore projects group — income (loss) from operations of $30.02M in Q2 2026.
How has Oceaneering International's offshore projects group — income (loss) from operations changed year-over-year?
Oceaneering International's offshore projects group — income (loss) from operations increased by 38.6% year-over-year, from $21.66M to $30.02M.
What is the long-term trend for Oceaneering International's offshore projects group — income (loss) from operations?
Over 4 years (2021 to 2025), Oceaneering International's offshore projects group — income (loss) from operations has grown at a 32.5% compound annual growth rate (CAGR), from $31.2M to $96.06M.
What does offshore projects group — income (loss) from operations mean?
Measures the profitability of the segment after deducting direct costs and operating expenses from total revenues. This is a primary indicator of the segment's core operational health and its contribution to the overall company's bottom line.

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