The financials
Oceaneering International, Inc. by the numbers
Oceaneering International, Inc. (OII) reported revenue of $692M in Q1 2026 (quarter ended March 31, 2026), up 2.7% from the same quarter a year earlier. That came with a gross margin of 18% and net income of $36M (5.2% of revenue). For the full year FY2025, revenue was $2.78B (+4.6% year on year) and net income $354M. Its largest segment in 2026-Q1 was Subsea Robotics at $214M, 31% of the disclosed total, just ahead of Manufactured Products at 21%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $692M | $675M | +2.7% |
| Gross profit | $127M | $135M | −5.7% |
| Operating income | $58M | $73M | −21% |
| Net income | $36M | $50M | −28% |
| Diluted EPS | $0.36 | $0.49 | −27% |
| Operating | Revenue | Share |
|---|---|---|
| Subsea Robotics | $214M | 31% |
| Manufactured Products | $144M | 21% |
| Offshore Projects Group | $135M | 20% |
| Aerospace And Defense Technologies | $131M | 19% |
| Integrity Managements Digital Solutions | $68M | 9.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $692.4M (-6.8%)
Aerospace And Defense Technologies grew +35% year on yearOffshore Projects Group -18% year on year
Segment Latestquarter on quarteryear on year
- Subsea Robotics$214.3M$214.3MQoQ -2.1%year on year +4.0%-2.1%+4.0%
- Manufactured Products$143.6M$143.6MQoQ -8.2%year on year +6.4%-8.2%+6.4%
- Offshore Projects Group$135.4M$135.4MQoQ -21%year on year -18%-21%-18%
- Aerospace And Defense Technologies$131.2M$131.2MQoQ +4.2%year on year +35%+4.2%+35%
- Integrity Managements Digital Solutions$67.9M$67.9MQoQ -4.1%year on year -4.9%-4.1%-4.9%
Oil & Gas Equipment & Services
Ranks #5 of 27 by Smart Score