Oceaneering International Inc logo

Oceaneering International Inc(OII)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$46.26
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for OII

09/25/2026: OII (3-star) is currently NOT-A-BUY. Pass it for now.

Oceaneering International is a global provider of engineered services and hardware, specializing in robotics for the energy, defense, and renewable sectors. The company is a major player in subsea operations, known for its technical expertise and deepwater capabilities. Its primary growth opportunity lies in diversifying into the offshore wind market and advanced autonomous systems. However, the stock faces risks related to oil market volatility, high competition, and cyclical capital expenditure cycles. It is best suited for growth-oriented investors willing to tolerate industry-specific volatility, with stakeholders encouraged to monitor energy commodity trends and the progression of the company's renewable energy and aerospace initiatives.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers growth potential through energy sector recovery, but is subject to cyclical industry headwinds.
Momentum investorStrong fit while signal remains positiveStrong fit during periods of high oil price environments and increased offshore rig activity.
Value investorMixed fitValuation fluctuates significantly based on energy sector sentiment rather than stable cash flow metrics.
Dividend investorWeak fitOceaneering does not currently offer a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitHigh exposure to energy commodity volatility leads to significant stock price swings.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is highly sensitive to fluctuations in oil and gas prices.
Valuation riskMedium / highValuations are highly cyclical and dependent on future offshore development spending.
Competition risk (Energy Services)MediumIntense competition for projects limits pricing power in the subsea services market.
Business qualityMediumThe company maintains strong engineering expertise but faces significant operational risks.
Dividend incomeLow / noneThere is no dividend income stream for shareholders.
Execution riskMediumLarge offshore projects involve complex engineering and logistical challenges that can impact margins.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 15.66%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
OII receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by soft unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
OII has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+139.9%) and solid cash generation (FCF margin 7.5%) are partially offset by moderate revenue growth (+4.6%), modest insider ownership of 1.28%.

Financial Health Rating

★★★★★
OII's financial health is supported by solid cash strength, including free-cash-flow generation (7.5% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is OII's strongest growth driver at +139.9% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+116.3%, strong) is also strong, while revenue growth (+4.6%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 108.2% and approximately 98.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.28% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 16.43%
Vanguard Portfolio Management, LLC 7.61%
Brown Advisory Holdings Inc 5.82%
State Street Corp 5.06%
Vanguard Capital Management, LLC 4.50%

Unit Economics (Per $1K Revenue)

★★★★★
OII generates approximately $204 of gross profit, $109 of operating income, and $75 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: -23.74% (Tax Credit)

Quantitative Style Profile

★★★★★
OII has a high-quality, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.60B USD
Price to earnings Ratio 13.26
1Y Target Price 46
Price to earnings Ratio 13.26
1Y Target Price 46
Volume (30-day avg) 935.9K shares
Beta 1.17
52 Weeks Range 22.02 - 54.25
Updated Date 09/26/2026
52 Weeks Range 22.02 - 54.25
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) 3.49

How Company Makes Money

Business areaWhat it includesRetail investor read
Subsea RoboticsROV services and subsea autonomous technology.The company's core business relies on helping customers work in deep underwater environments.
Manufactured ProductsSubsea umbilicals, risers, and specialized hardware.This segment manufactures the complex hardware needed to build and operate subsea infrastructure.
GeographyOperations in North America, Europe, Africa, and the Middle East.Revenue is globally distributed, making the company dependent on international energy investment trends.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 13.26
Forward PE 18.76
Enterprise Value 4.77B
Price to Sales(TTM) 1.6
Enterprise Value 4.77B
Price to Sales(TTM) 1.6
Enterprise Value to Revenue 1.67
Enterprise Value to EBITDA 11.35
Shares Outstanding 99.53M
Shares Floating 97.97M
Shares Outstanding 99.53M
Shares Floating 97.97M
Percent Insiders 1.28
Percent Institutions 108.21

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Oceaneering International Inc

Exchange NYSE
Headquarters Houston, TX, United States
IPO Launch date 1990-03-26
President, CEO & Director Mr. Roderick A. Larson
Sector Energy
Industry Oil & Gas Equipment & Services
Full time employees 11100
Full time employees 11100

Oceaneering International, Inc. provides engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally. It operates through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. The Subsea Robotics segment offers remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair; ROV tooling; and survey services comprising hydrographic survey and positioning services and autonomous underwater vehicles for geoscience. Its Manufactured Products segment provides distribution and connection systems, such as production control umbilicals and field development hardware and pipeline connection and repair systems; connectors and subsea and topside control valves primarily to the energy industry; and autonomous mobile robotic technology to various industries. The Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services, inspection, maintenance and repair services; installation and workover control systems and ROV workover control systems; diving services; project management and engineering; and drill pipe riser services and systems and wellhead load relief solutions. Its Integrity Management & Digital Solution segment provides asset integrity management services, as well as software, digital, and connectivity solutions for the energy industry. The Aerospace and Defense Technologies segment offers services and products, such as engineering and related manufacturing in defense and space exploration activities. The company was founded in 1964 and is headquartered in Houston, Texas.