Oceaneering International
Provides subsea robotics, offshore engineering, asset integrity, and defense and space systems.
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Profile
Sells subsea robotic services, engineered products, offshore project work, asset-integrity and digital services, and aerospace and defense engineering. Revenue comes mostly from offshore oil and gas customers, with work also spanning industrial automation and U.S. government programs.
Operates through five segments: Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies. Offerings include work-class ROVs, survey and positioning, subsea umbilicals and connectors, vessel-based installation and intervention, inspection, mobile robots, and engineering for Navy and space programs.
Earns most revenue from offshore oil and gas customers, while also serving power, petrochemical, manufacturing, defense, and aerospace markets. Work spans the U.S. Gulf and international offshore regions; foreign activity supplies roughly half of revenue.
Integrates in-house ROV design and operation with specialized hardware, vessels, engineering, and inspection expertise for harsh environments. Results depend on offshore spending, fleet and vessel utilization, safe project delivery, international operating conditions, and continued government funding for Navy and NASA work.
Company facts
Key statistics
Year to date +103% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Barclays | Reiterate | Equal Weight | $39 | $47 | |
| May 7, 2026 | Barclays | Target | $32 | $39 | ||
| Mar 3, 2026 | UBS | Target | $34 | |||
| Feb 23, 2026 | Barclays | Reiterate | Equal Weight | $23 | $32 | |
| Oct 28, 2025 | Barclays | Reiterate | Equal Weight | $22 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.46 | $0.65 | +42.7% | $735.7M | $768.2M | +4.4% | +6.71% |
| Apr 22, 2026Q1 FY26 | $0.35 | $0.30 | −14.3% | $670.8M | $692.4M | +3.2% | −1.20% |
| Feb 18, 2026Q4 FY25 | $0.31 | $0.45 | +47.1% | $674.1M | $668.6M | −0.8% | +9.34% |
| Oct 22, 2025Q3 FY25 | $0.42 | $0.55 | +31.0% | $678.2M | $742.9M | +9.5% | −3.64% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $674.5M | $698.2M | $742.9M | $668.6M | $692.4M | $768.2M | |
| Gross profit | $135.0M | $148.4M | $152.7M | $132.3M | $127.3M | $157.0M | |
| Operating income | $73.5M | $79.2M | $86.5M | $65.4M | $57.8M | $88.2M | |
| Net income | $50.4M | $54.4M | $71.3M | $177.7M | $36.1M | $65.0M | |
| Diluted EPS | $0.49 | $0.54 | $0.71 | $1.76 | $0.36 | $0.65 | |
| Gross margin | 20.0% | 21.3% | 20.6% | 19.8% | 18.4% | 20.4% | |
| Operating margin | 10.9% | 11.3% | 11.6% | 9.8% | 8.3% | 11.5% |
Fiscal years (4-quarter sums)FY21 $1.87B · FY22 $2.07B · FY23 $2.42B · FY24 $2.66B · FY25 $2.78B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $629.5M · Total debt $822.2M · Total assets $2.69B · Shareholders' equity $1.17B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 99.53M · Float 97.83M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 16.40M | 16.48% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.93M | 7.96% | 13F | Aug 13, 2026 |
| State Street Corp | 4.99M | 5.02% | 13F | Aug 7, 2026 |
| Brown Advisory Inc | 4.97M | 4.99% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 4.49M | 4.51% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Paul B. Jr Murphy | director | −10,000 | $48.37 |
| Jul 30, 2026 | Earl Childress | officer: SVP, Chief Commercial Ofc. | −12,701 | $46.71 |
| Jul 30, 2026 | M. Kevin Mcevoy | director | −3,000 | $47.93 |
| Jul 30, 2026 | Christopher J. Dyer | officer: SVP, OPGroup | −1,200 | $47.65 |
| Jun 30, 2026 | Deanna L. Goodwin | director | −7,000 | $40.69 |
Peers
- TechnipFMC
Integrated subsea systems, SURF, services, and ROV tooling peer
- Helix Energy Solutions
Direct deepwater well intervention and subsea robotics peer
- Baker Hughes
Subsea production hardware and life-of-field services peer
- Forum Energy Technologies
Subsea ROV, trencher, tooling, and rescue-vehicle overlap
- Teledyne Technologies
Undersea robotics and defense-electronics peer for Navy and offshore work
- Huntington Ingalls Industries
Navy UUV overlap in defense subsea systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oceaneering International | $50.59 | +0.06% | $5.04B | 14.5 | 23.4 | 1.8 | +10.0% |
| TechnipFMC | $75.84 | +0.03% | $29.74B | 26.3 | 22.4 | 2.9 | +9.0% |
| Helix Energy Solutions | $10.10 | −0.49% | $1.49B | 37.6 | 21.7 | 1.1 | +0.6% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Forum Energy Technologies | $80.00 | −0.79% | $911.2M | — | 16.9 | 1.1 | +13.2% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Huntington Ingalls Industries | $294.11 | −0.03% | $11.59B | 17.5 | 15.1 | 0.9 | +10.9% |
| Median | 26.3 | 22.0 | 1.7 | +9.4% |