Is the business good?
How good a business is OII?
Oceaneering International, Inc. earns 23% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
23%
Return on invested capital · cost of capital 9.0% · 14 points above what the capital costs: growth creates value
- Operating margin
- 10%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q1 2026
- Cash conversion
- 0.70×
Cash conversion · 0.46× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −1.3%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −24% |
| FY2021 | 2.1% |
| FY2022 | 5.4% |
| FY2023 | 7.5% |
| FY2024 | 9.3% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q1 2026
- 20%
- Operating margin12 months to Q1 2026
- 10%
- Net margin12 months to Q1 2026
- 12%
- Free cash flow margin
- 8.5%
- Revenue, trailing twelve months
- $2.80B
- Free cash flow, trailing twelve months
- $238M
- Net income, trailing twelve months
- $339M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 23%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Equipment & Services
Ranks #5 of 27 by Smart Score