Oil States International
Builds subsea connectors, wellhead systems and downhole tools for offshore oil-and-gas producers worldwide.
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Profile
Makes engineered equipment for offshore oil-and-gas production — subsea connectors, wellhead systems and elastomer components — alongside completion and production services and downhole perforation tools, serving producers and drillers across the US, UK, Brazil, Australia and Southeast Asia.
Engineered offshore oil-and-gas equipment forms the largest business line — subsea connectors, riser components, elastomer seals and wellhead systems, plus contract-manufactured parts for defense and industrial customers outside energy. A second segment supplies services used through a well's producing life, such as flowback, well testing and thru-tubing work; a third builds downhole perforation systems and completion tools.
Facilities span the US, UK, Brazil, Australia and Southeast Asia, serving national oil companies, independent producers, offshore drillers and industrial buyers, with no single customer accounting for a large share of revenue.
The offshore-products line books work years ahead of delivery, while the service and downhole lines track drilling activity that swings with the commodity cycle. Roots trace to a 1942 Texas rubber-components operation; the company went public in 2001 and narrowed to three segments after spinning off its workforce-accommodations arm in 2014.
Company facts
Key statistics
Year to date +21.9% · Average volume (30d) 619.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Stifel Nicolaus | Target | $15 | $14 | |
| Jul 10, 2026 | Raymond James | Reiterate | Outperform | $14 | $12 |
| May 6, 2026 | Susquehanna | Reiterate | Neutral | $13 | $11 |
| Feb 23, 2026 | Raymond James | Target | $14 | ||
| Feb 23, 2026 | Susquehanna | Reiterate | Neutral | $8 | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.11 | $0.14 | +30.2% | $158.0M | $156.7M | −0.9% | −2.19% |
| May 5, 2026Q1 FY26 | $0.08 | $0.09 | +12.5% | $153.8M | $145.4M | −5.5% | −7.48% |
| Feb 20, 2026Q4 FY25 | $0.11 | $0.13 | +18.2% | $178.9M | $178.5M | −0.3% | +7.90% |
| Oct 31, 2025Q3 FY25 | $0.09 | $0.08 | −11.1% | $167.7M | $165.4M | −1.4% | +7.37% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $159.9M | $165.4M | $165.4M | $178.2M | $145.4M | $132.9M | |
| Gross profit | $25.2M | $28.2M | $28.2M | $8.0M | $25.6M | $14.9M | |
| Operating income | $2.7M | $5.2M | $5.2M | −$16.2M | $5.7M | −$8.2M | |
| Net income | $3.2M | $2.8M | $2.8M | −$117.2M | $1.1M | $5.9M | |
| Diluted EPS | $0.05 | $0.05 | $0.05 | −$2.04 | $0.02 | $0.10 | |
| Gross margin | 15.8% | 17.0% | 17.0% | 4.5% | 17.6% | 11.2% | |
| Operating margin | 1.7% | 3.1% | 3.1% | -9.1% | 3.9% | -6.2% |
Fiscal years (4-quarter sums)FY21 $573.2M · FY22 $737.7M · FY23 $782.3M · FY24 $692.6M · FY25 $669.0M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $19.8M · Total debt $36.2M · Total assets $839.5M · Shareholders' equity $581.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 60.19M · Float 55.25M · 91.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.82M | 11.33% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 3.01M | 5.00% | 13G | Jul 14, 2026 |
| Vanguard Capital Management LLC | 2.42M | 4.02% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 2.21M | 3.68% | 13F | Aug 12, 2026 |
| Cindy B. Taylor · director, officer: President & CEO | 2.21M | 3.66% | Form 4 | Feb 23, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 31, 2026 | Darrell E. Hollek | director | −42,511 | $11.61 |
| Dec 16, 2025 | Cindy B. Taylor | director, officer: President & CEO | −14,760 | $6.75 |
Peers
- TechnipFMC
Rivals in subsea trees, risers, and integrated subsea-to-surface delivery
- NOV
Head-to-head in subsea BOPs, wellhead connectors, and riser systems
- Baker Hughes
Dual-front rival in subsea trees/connectors and downhole perforating tools
- SLB
Overlaps via OneSubsea wellheads and wireline perforating/intervention tools
- Innovex International
Closest-scale peer across subsea wellheads and downhole completion tools
- Tenaris (ADR)
Competes in premium tubular connections and deepwater wellhead hardware
- Forum Energy Technologies
Mid-cap peer spanning valves, frac plugs, coiled tubing, and wireline
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oil States International | $8.61 | −0.06% | $518.3M | — | 15.5 | 0.8 | −5.3% |
| TechnipFMC | $75.84 | +0.03% | $29.74B | 26.3 | 22.4 | 2.9 | +9.0% |
| NOV | $20.79 | −0.91% | $7.48B | 80.7 | 19.8 | 0.9 | −2.5% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Innovex International | $30.11 | −0.03% | $2.10B | 33.8 | 18.6 | 2.1 | +9.2% |
| Tenaris (ADR) | $54.10 | +0.26% | $28.96B | 14.7 | 14.0 | 2.3 | −5.1% |
| Forum Energy Technologies | $80.00 | −0.79% | $911.2M | — | 16.9 | 1.1 | +13.2% |
| Median | 27.1 | 19.8 | 2.2 | +5.0% |