Oil States International, Inc. (OIS) 10-Year Financial Performance & Capital Metrics

OIS • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentCompletion Tools & Systems

AboutOil States International, Inc., through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle. It also provides wellhead isolation, frac valve, wireline and coiled tubing support, flowback and well testing, pipe recovery systems, gravel pack and sand control, blowout preventer, and drilling services. The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations. This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies. The Offshore/Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels; and short-cycle and other products. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, deepwater mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products. This segment also provides short-cycle products, such as valves, elastomers, and other specialty products that are used in the land-based drilling and completion markets; and other products for use in industrial, military, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services. The company was incorporated in 1995 and is headquartered in Houston, Texas.Show more

Revenue $693M -11.5%
EBITDA $61M -24.4%
Net Income -$11M -187.3%
EPS (Diluted) -0.18 -190.0%
Gross Margin 15.43% +1.3%
EBITDA Margin 8.86% -14.6%
Operating Margin 0.96% -63.1%
Net Margin -1.63% -198.6%
ROE -1.62% -187.9%
ROIC 0.63% -66.1%
Debt/Equity 0.22 -2.7%
Interest Coverage 0.76 -64.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 85 (top 15%)
✓Trading near 52-week high
✓Trading at only 0.7x book value

✗Weaknesses

✗Sales declining 7.4% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.21%

5Y-7.4%

3Y6.51%

TTM-10.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM217.03%

EPS CAGR

10Y-

5Y-

3Y-

TTM220.46%

ROCE

10Y Avg-1.98%

5Y Avg-2.31%

3Y Avg0.87%

Latest0.77%

Peer Comparison

Completion Tools & Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WHDCactus, Inc.	3.6B	52.30	18.88	3%	15.86%	12.41%	7.69%	0.03
NCSMNCS Multistage Holdings, Inc.	98.77M	38.87	15.24	14.1%	6.89%	9.64%	11.56%	0.13
TSTenaris S.A.	21.06B	41.72	5.76	-15.77%	16.91%	11.58%	10.26%	0.03
OMSEOMS Energy Technologies Inc.	204.6M	4.82	4.55	108.91%	22.01%	53.12%	18.4%	0.05
NINENine Energy Service, Inc.	20.55M	0.47	-0.43	-9.09%	-7.17%
BOOMDMC Global Inc.	164.93M	8.01	-0.98	-10.61%	-1.11%	-1.56%	17.77%	0.27
OISOil States International, Inc.	482.74M	8.08	-44.89	-11.47%	3.65%	3.48%	1.74%	0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.1B	694.44M	670.63M	1.09B	1.02B	638.08M	573.16M	737.71M	782.28M	692.59M
Revenue Growth %	-0.4%	-0.37%	-0.03%	0.62%	-0.07%	-0.37%	-0.1%	0.29%	0.06%	-0.11%
Cost of Goods Sold+	916.96M	645.49M	628.42M	955.04M	922.91M	660.35M	546.74M	642.39M	663.17M	585.71M
COGS % of Revenue	0.83%	0.93%	0.94%	0.88%	0.91%	1.03%	0.95%	0.87%	0.85%	0.85%
Gross Profit+	183.02M	48.95M	42.2M	133.09M	94.45M	-22.27M	26.42M	95.32M	119.12M	106.88M
Gross Margin %	0.17%	0.07%	0.06%	0.12%	0.09%	-0.03%	0.05%	0.13%	0.15%	0.15%
Gross Profit Growth %	-0.63%	-0.73%	-0.14%	2.15%	-0.29%	-1.24%	2.19%	2.61%	0.25%	-0.1%
Operating Expenses+	132.47M	116.56M	111.42M	126.77M	119.43M	85M	80.59M	99.54M	98.69M	100.21M
OpEx % of Revenue	0.12%	0.17%	0.17%	0.12%	0.12%	0.13%	0.14%	0.13%	0.13%	0.14%
Selling, General & Admin	132.47M	116.56M	111.42M	126.77M	119.43M	85M	76.19M	96.04M	94.19M	95.01M
SG&A % of Revenue	0.12%	0.17%	0.17%	0.12%	0.12%	0.13%	0.13%	0.13%	0.12%	0.14%
Research & Development	0	0	0	0	0	0	4.4M	3.5M	4.5M	5.2M
R&D % of Revenue	-	-	-	-	-	-	0.01%	0%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	50.55M	-67.6M	-69.21M	6.32M	-24.99M	-107.28M	-54.17M	-4.22M	20.43M	6.67M
Operating Margin %	0.05%	-0.1%	-0.1%	0.01%	-0.02%	-0.17%	-0.09%	-0.01%	0.03%	0.01%
Operating Income Growth %	-0.84%	-2.34%	-0.02%	1.09%	-4.95%	-3.29%	0.5%	0.92%	5.84%	-0.67%
EBITDA+	181.81M	51.12M	38.46M	129.85M	98.33M	-8.73M	26.57M	63.11M	81.21M	61.38M
EBITDA Margin %	0.17%	0.07%	0.06%	0.12%	0.1%	-0.01%	0.05%	0.09%	0.1%	0.09%
EBITDA Growth %	-0.58%	-0.72%	-0.25%	2.38%	-0.24%	-1.09%	4.04%	1.38%	0.29%	-0.24%
D&A (Non-Cash Add-back)	131.26M	118.72M	107.67M	123.53M	123.32M	98.54M	80.74M	67.33M	60.78M	54.71M
EBIT	56.99M	-67.98M	-72.74M	-2.42M	-222.83M	-520.07M	-63.01M	6.51M	25.39M	949K
Net Interest Income+	-5.88M	-4.94M	-4.32M	-19M	-17.64M	-13.87M	-10.17M	-10.28M	-8.19M	-7.73M
Interest Income	543K	399K	359K	319K	262K	390K	158K	291K	1.38M	1.07M
Interest Expense	6.43M	5.34M	4.67M	19.31M	17.9M	14.26M	10.33M	10.57M	9.57M	8.8M
Other Income/Expense	15K	-5.72M	-8.2M	-28.05M	-215.74M	-427.05M	-19.17M	162K	-4.61M	-14.52M
Pretax Income+	50.57M	-73.33M	-77.41M	-21.73M	-240.73M	-534.33M	-73.33M	-4.06M	15.82M	-7.85M
Pretax Margin %	0.05%	-0.11%	-0.12%	-0.02%	-0.24%	-0.84%	-0.13%	-0.01%	0.02%	-0.01%
Income Tax+	22.2M	-26.94M	7.44M	-2.63M	-8.92M	-65.95M	-9.34M	5.48M	2.93M	3.41M
Effective Tax Rate %	0.57%	0.63%	1.1%	0.88%	0.96%	0.88%	0.87%	2.35%	0.81%	1.43%
Net Income+	28.6M	-46.39M	-84.85M	-19.11M	-231.81M	-468.38M	-63.99M	-9.54M	12.89M	-11.26M
Net Margin %	0.03%	-0.07%	-0.13%	-0.02%	-0.23%	-0.73%	-0.11%	-0.01%	0.02%	-0.02%
Net Income Growth %	-0.84%	-2.62%	-0.83%	0.77%	-11.13%	-1.02%	0.86%	0.85%	2.35%	-1.87%
Net Income (Continuing)	28.37M	-46.39M	-84.85M	-19.11M	-231.81M	-468.38M	-63.99M	-9.54M	12.89M	-11.26M
Discontinued Operations	226K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.56	-0.92	-1.69	-0.33	-3.90	-7.83	-1.06	-0.15	0.20	-0.18
EPS Growth %	-0.83%	-2.64%	-0.84%	0.8%	-10.82%	-1.01%	0.86%	0.86%	2.33%	-1.9%
EPS (Basic)	0.56	-0.92	-1.69	-0.33	-3.90	-7.83	-1.06	-0.15	0.20	-0.18
Diluted Shares Outstanding	50.34M	50.17M	50.14M	58.71M	59.38M	59.81M	60.29M	61.64M	63.15M	62M
Basic Shares Outstanding	50.27M	50.17M	50.14M	57.89M	59.38M	59.81M	60.29M	61.64M	62.69M	62M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	611.47M	489.98M	455.94M	534.03M	483.43M	423.59M	426.73M	462.76M	488M	498.23M
Cash & Short-Term Investments	35.97M	68.8M	53.46M	19.32M	8.49M	72.01M	52.85M	42.02M	47.11M	65.36M
Cash Only	35.97M	68.8M	53.46M	19.32M	8.49M	72.01M	52.85M	42.02M	47.11M	65.36M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	333.49M	234.51M	222.07M	293.14M	233.49M	163.13M	186.08M	218.77M	203.21M	194.34M
Days Sales Outstanding	110.66	123.26	120.86	98.33	83.77	93.32	118.5	108.24	94.81	102.42
Inventory	212.88M	175.49M	168.28M	209.39M	221.34M	170.38M	168.57M	182.66M	202.03M	214.84M
Days Inventory Outstanding	84.74	99.23	97.74	80.03	87.54	94.17	112.54	103.78	111.19	133.88
Other Current Assets	16.24M	4.31M	3.76M	6.18M	20.11M	18.07M	19.22M	19.32M	35.65M	23.69M
Total Non-Current Assets+	987.66M	893.92M	845.57M	1.47B	1.24B	728.67M	659.02M	601.63M	558.49M	506.88M
Property, Plant & Equipment	638.73M	553.4M	498.89M	540.43M	503.34M	416.7M	363.97M	326.86M	302.36M	286.41M
Fixed Asset Turnover	1.72x	1.25x	1.34x	2.01x	2.02x	1.53x	1.57x	2.26x	2.59x	2.42x
Goodwill	263.79M	263.37M	268.01M	647.02M	482.31M	76.49M	76.41M	79.28M	79.87M	69.71M
Intangible Assets	59.38M	52.75M	50.27M	255.3M	230.09M	205.75M	185.75M	169.8M	153.01M	125.86M
Long-Term Investments	-40.5M	-5.04M	-519K	-761K	-685K	-1.28M	-1.88M	0	0	0
Other Non-Current Assets	25.77M	24.4M	28.41M	27.04M	28.7M	29.73M	32.89M	24.17M	21.04M	22.94M
Total Assets+	1.6B	1.38B	1.3B	2B	1.73B	1.15B	1.09B	1.06B	1.05B	1.01B
Asset Turnover	0.69x	0.50x	0.52x	0.54x	0.59x	0.55x	0.53x	0.69x	0.75x	0.69x
Asset Growth %	-0.12%	-0.13%	-0.06%	0.54%	-0.14%	-0.33%	-0.06%	-0.02%	-0.02%	-0.04%
Total Current Liabilities+	154.2M	107.23M	115.27M	181.03M	183.07M	162.13M	177.29M	193.68M	157.27M	157.7M
Accounts Payable	59.12M	34.21M	49.09M	77.51M	78.37M	46.43M	63.34M	73.25M	67.55M	57.71M
Days Payables Outstanding	23.53	19.34	28.51	29.62	30.99	25.67	42.29	41.62	37.18	35.96
Short-Term Debt	533K	538K	411K	25.56M	33.93M	25.4M	24.74M	23.97M	7.51M	7.92M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	28.16M	20.9M	18.76M	29.38M	22.43M	24.63M	20.3M	13.1M	14.04M	11.27M
Current Ratio	3.97x	4.57x	3.96x	2.95x	2.64x	2.61x	2.41x	2.39x	3.10x	3.16x
Quick Ratio	2.58x	2.93x	2.50x	1.79x	1.43x	1.56x	1.46x	1.45x	1.82x	1.80x
Cash Conversion Cycle	171.87	203.15	190.09	148.73	140.31	161.83	188.75	170.41	168.83	200.34
Total Non-Current Liabilities+	189.27M	72.36M	53.53M	383.02M	320.83M	232.5M	212.63M	181.16M	179.67M	166.75M
Long-Term Debt	125.89M	45.39M	4.87M	306.18M	222.55M	165.76M	160.49M	135.07M	135.5M	124.65M
Capital Lease Obligations	0	0	0	0	35.78M	29.17M	23.45M	20.66M	18.35M	17.99M
Deferred Tax Liabilities	40.5M	5.04M	24.72M	53.83M	38.08M	14.26M	3.64M	6.65M	7.72M	5.35M
Other Non-Current Liabilities	20.21M	21.93M	23.94M	23.01M	24.42M	23.31M	25.06M	18.78M	18.11M	18.76M
Total Liabilities	343.47M	179.59M	168.8M	564.05M	503.9M	394.63M	389.92M	374.83M	336.94M	324.45M
Total Debt+	129.09M	45.93M	5.28M	331.74M	292.26M	220.32M	208.68M	179.7M	161.35M	150.56M
Net Debt	93.11M	-22.87M	-48.18M	312.42M	283.76M	148.31M	155.83M	137.68M	114.24M	85.2M
Debt / Equity	0.10x	0.04x	0.00x	0.23x	0.24x	0.29x	0.30x	0.26x	0.23x	0.22x
Debt / EBITDA	0.71x	0.90x	0.14x	2.55x	2.97x	-	7.85x	2.85x	1.99x	2.45x
Net Debt / EBITDA	0.51x	-0.45x	-1.25x	2.41x	2.89x	-	5.86x	2.18x	1.41x	1.39x
Interest Coverage	7.87x	-12.65x	-14.81x	0.33x	-1.40x	-7.52x	-5.24x	-0.40x	2.14x	0.76x
Total Equity+	1.26B	1.2B	1.13B	1.44B	1.22B	757.63M	695.83M	689.56M	709.54M	680.65M
Equity Growth %	-0.06%	-0.04%	-0.06%	0.27%	-0.15%	-0.38%	-0.08%	-0.01%	0.03%	-0.04%
Book Value per Share	24.95	24.00	22.59	24.52	20.61	12.67	11.54	11.19	11.24	10.98
Total Shareholders' Equity	1.26B	1.2B	1.13B	1.44B	1.22B	757.63M	695.83M	689.56M	709.54M	680.65M
Common Stock	617K	623K	627K	718K	726K	733K	739K	766K	772K	786K
Retained Earnings	1.18B	1.13B	1.05B	1.03B	797.71M	329.33M	281.57M	272.03M	284.92M	273.66M
Treasury Stock	-587.09M	-591.05M	-612.65M	-616.83M	-621.24M	-623.99M	-625.58M	-626.59M	-635.4M	-652.21M
Accumulated OCI	-50.7M	-70.3M	-58.49M	-71.4M	-67.75M	-71.39M	-66.03M	-78.94M	-69.98M	-79.53M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	256.12M	149.26M	95.38M	103.17M	137.43M	132.75M	7.19M	32.86M	56.58M	45.89M
Operating CF Margin %	0.23%	0.21%	0.14%	0.09%	0.14%	0.21%	0.01%	0.04%	0.07%	0.07%
Operating CF Growth %	-0.42%	-0.42%	-0.36%	0.08%	0.33%	-0.03%	-0.95%	3.57%	0.72%	-0.19%
Net Income	28.37M	-46.39M	-84.85M	-19.11M	-231.81M	-468.38M	-63.99M	-9.54M	12.89M	-11.26M
Depreciation & Amortization	131.26M	118.72M	107.67M	123.53M	123.32M	98.54M	80.74M	67.33M	60.78M	54.71M
Stock-Based Compensation	21.78M	21.32M	23.05M	22.65M	16.77M	8.43M	7.88M	6.85M	6.95M	8.72M
Deferred Taxes	-3.17M	-37.61M	16.34M	-3.49M	-15.47M	-24.4M	-8.64M	2.02M	226K	-2.36M
Other Non-Cash Items	-327K	2.91M	746K	2.53M	205.37M	448.89M	8.38M	920K	-3.28M	6.75M
Working Capital Changes	78.22M	90.3M	32.43M	-22.95M	39.25M	69.67M	-17.17M	-34.72M	-21M	-10.67M
Change in Receivables	156.94M	85.5M	21.13M	-16.79M	50.26M	63.88M	-24.41M	-35.44M	17.13M	5.19M
Change in Inventory	17.78M	32.16M	11.34M	-7.28M	-10.77M	17.58M	-10.33M	-17.36M	-19.79M	-14.7M
Change in Payables	-98.35M	-27.72M	14.05M	5.8M	-6.17M	-37.31M	17.73M	18.18M	-11.74M	-19.38M
Cash from Investing+	-147.2M	-29.29M	-47.62M	-461.38M	-51.98M	-3.73M	-6.63M	-22.73M	-25.59M	2.7M
Capital Expenditures	-114.74M	-29.69M	-35.17M	-88.02M	-56.12M	-12.75M	-17.52M	-20.27M	-30.65M	-37.51M
CapEx % of Revenue	0.1%	0.04%	0.05%	0.08%	0.06%	0.02%	0.03%	0.03%	0.04%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.69M	-1.14M	-1.72M	2.67M	-1.91M	-581K	-636K	-211K	-186K	-454K
Cash from Financing+	-124.72M	-84.88M	-65.06M	324.06M	-95.91M	-65.02M	-19.57M	-20.29M	-26.71M	-29.48M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	467K	-72K	-759K	0	-500K	-8.22M	-230K	-732K	-457K	-652K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	141.38M	119.57M	60.21M	15.15M	81.32M	120.01M	-10.32M	12.6M	25.92M	8.39M
FCF Margin %	0.13%	0.17%	0.09%	0.01%	0.08%	0.19%	-0.02%	0.02%	0.03%	0.01%
FCF Growth %	-0.41%	-0.15%	-0.5%	-0.75%	4.37%	0.48%	-1.09%	2.22%	1.06%	-0.68%
FCF per Share	2.81	2.38	1.20	0.26	1.37	2.01	-0.17	0.20	0.41	0.14
FCF Conversion (FCF/Net Income)	8.96x	-3.22x	-1.12x	-5.40x	-0.59x	-0.28x	-0.11x	-3.44x	4.39x	-4.08x
Interest Paid	5.63M	3.94M	0	9.86M	0	0	6.53M	8.34M	7.87M	7.44M
Taxes Paid	18.78M	2.33M	0	2.99M	0	0	152K	534K	1.26M	3.85M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.2%	-3.77%	-7.26%	-1.49%	-17.4%	-47.27%	-8.81%	-1.38%	1.84%	-1.62%
Return on Invested Capital (ROIC)	2.72%	-4.01%	-4.58%	0.33%	-1.15%	-6.67%	-4.62%	-0.38%	1.86%	0.63%
Gross Margin	16.64%	7.05%	6.29%	12.23%	9.28%	-3.49%	4.61%	12.92%	15.23%	15.43%
Net Margin	2.6%	-6.68%	-12.65%	-1.76%	-22.79%	-73.41%	-11.16%	-1.29%	1.65%	-1.63%
Debt / Equity	0.10x	0.04x	0.00x	0.23x	0.24x	0.29x	0.30x	0.26x	0.23x	0.22x
Interest Coverage	7.87x	-12.65x	-14.81x	0.33x	-1.40x	-7.52x	-5.24x	-0.40x	2.14x	0.76x
FCF Conversion	8.96x	-3.22x	-1.12x	-5.40x	-0.59x	-0.28x	-0.11x	-3.44x	4.39x	-4.08x
Revenue Growth	-39.55%	-36.87%	-3.43%	62.26%	-6.5%	-37.28%	-10.17%	28.71%	6.04%	-11.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	501.82M	483.36M	331.27M	299.29M	385.56M	418.55M	402.56M
Product Growth	-	-	-	-	-3.68%	-31.46%	-9.65%	28.82%	8.56%	-3.82%
Service	-	-	-	586.31M	534M	306.8M	273.87M	352.14M	363.73M	290.02M
Service Growth	-	-	-	-	-8.92%	-42.55%	-10.73%	28.58%	3.29%	-20.26%
Offshore Products	724.12M	508.79M	381.91M	-	-	-	-	-	-	-
Offshore Products Growth	-	-29.74%	-24.94%	-	-	-	-	-	-	-
Total Well Site Services	375.86M	185.65M	288.71M	-	-	-	-	-	-	-
Total Well Site Services Growth	-	-50.61%	55.51%	-	-	-	-	-	-	-
Well Site Services Completion Services	308.08M	163.06M	-	-	-	-	-	-	-	-
Well Site Services Completion Services Growth	-	-47.07%	-	-	-	-	-	-	-	-
Well Site Services Drilling Services	67.78M	22.59M	-	-	-	-	-	-	-	-
Well Site Services Drilling Services Growth	-	-66.67%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	797.76M	493.62M	548.85M	930.15M	831.32M	463.38M	447M	571.01M	594.81M	484.94M
UNITED STATES Growth	-	-38.13%	11.19%	69.47%	-10.63%	-44.26%	-3.53%	27.74%	4.17%	-18.47%
Other	-	54.69M	38.47M	55.48M	59.23M	40.37M	30.92M	49.63M	57.7M	64.99M
Other Growth	-	-	-29.66%	44.23%	6.75%	-31.83%	-23.41%	60.51%	16.26%	12.64%
SINGAPORE	66.31M	34.58M	23.4M	37.94M	56.17M	57.51M	35.89M	34.38M	48.13M	38.84M
SINGAPORE Growth	-	-47.85%	-32.33%	62.14%	48.06%	2.39%	-37.60%	-4.20%	40.00%	-19.31%
Other Non US	65.37M	-	-	-	-	-	-	-	-	-
Other Non US Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Oil States International, Inc. (OIS) reported $655.3M in revenue for fiscal year 2024. This represents a 81% decrease from $3.48B in 2011.

Oil States International, Inc. (OIS) saw revenue decline by 11.5% over the past year.

Yes, Oil States International, Inc. (OIS) is profitable, generating $23.9M in net income for fiscal year 2024 (-1.6% net margin).

Dividend & Returns

Oil States International, Inc. (OIS) has a return on equity (ROE) of -1.6%. Negative ROE indicates the company is unprofitable.

Oil States International, Inc. (OIS) generated $30.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Oil States International, Inc. (OIS) 10-Year Financial Performance & Capital Metrics

OIS • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentCompletion Tools & Systems

Revenue $693M -11.5%
EBITDA $61M -24.4%
Net Income -$11M -187.3%
EPS (Diluted) -0.18 -190.0%
Gross Margin 15.43% +1.3%
EBITDA Margin 8.86% -14.6%
Operating Margin 0.96% -63.1%
Net Margin -1.63% -198.6%
ROE -1.62% -187.9%
ROIC 0.63% -66.1%
Debt/Equity 0.22 -2.7%
Interest Coverage 0.76 -64.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 85 (top 15%)
✓Trading near 52-week high
✓Trading at only 0.7x book value

✗Weaknesses

✗Sales declining 7.4% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-9.21%

5Y-7.4%

3Y6.51%

TTM-10.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM217.03%

EPS CAGR

10Y-

5Y-

3Y-

TTM220.46%

ROCE

10Y Avg-1.98%

5Y Avg-2.31%

3Y Avg0.87%

Latest0.77%

Peer Comparison

Completion Tools & Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WHDCactus, Inc.	3.6B	52.30	18.88	3%	15.86%	12.41%	7.69%	0.03
NCSMNCS Multistage Holdings, Inc.	98.77M	38.87	15.24	14.1%	6.89%	9.64%	11.56%	0.13
TSTenaris S.A.	21.06B	41.72	5.76	-15.77%	16.91%	11.58%	10.26%	0.03
OMSEOMS Energy Technologies Inc.	204.6M	4.82	4.55	108.91%	22.01%	53.12%	18.4%	0.05
NINENine Energy Service, Inc.	20.55M	0.47	-0.43	-9.09%	-7.17%
BOOMDMC Global Inc.	164.93M	8.01	-0.98	-10.61%	-1.11%	-1.56%	17.77%	0.27
OISOil States International, Inc.	482.74M	8.08	-44.89	-11.47%	3.65%	3.48%	1.74%	0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.1B	694.44M	670.63M	1.09B	1.02B	638.08M	573.16M	737.71M	782.28M	692.59M
Revenue Growth %	-0.4%	-0.37%	-0.03%	0.62%	-0.07%	-0.37%	-0.1%	0.29%	0.06%	-0.11%
Cost of Goods Sold+	916.96M	645.49M	628.42M	955.04M	922.91M	660.35M	546.74M	642.39M	663.17M	585.71M
COGS % of Revenue	0.83%	0.93%	0.94%	0.88%	0.91%	1.03%	0.95%	0.87%	0.85%	0.85%
Gross Profit+	183.02M	48.95M	42.2M	133.09M	94.45M	-22.27M	26.42M	95.32M	119.12M	106.88M
Gross Margin %	0.17%	0.07%	0.06%	0.12%	0.09%	-0.03%	0.05%	0.13%	0.15%	0.15%
Gross Profit Growth %	-0.63%	-0.73%	-0.14%	2.15%	-0.29%	-1.24%	2.19%	2.61%	0.25%	-0.1%
Operating Expenses+	132.47M	116.56M	111.42M	126.77M	119.43M	85M	80.59M	99.54M	98.69M	100.21M
OpEx % of Revenue	0.12%	0.17%	0.17%	0.12%	0.12%	0.13%	0.14%	0.13%	0.13%	0.14%
Selling, General & Admin	132.47M	116.56M	111.42M	126.77M	119.43M	85M	76.19M	96.04M	94.19M	95.01M
SG&A % of Revenue	0.12%	0.17%	0.17%	0.12%	0.12%	0.13%	0.13%	0.13%	0.12%	0.14%
Research & Development	0	0	0	0	0	0	4.4M	3.5M	4.5M	5.2M
R&D % of Revenue	-	-	-	-	-	-	0.01%	0%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	50.55M	-67.6M	-69.21M	6.32M	-24.99M	-107.28M	-54.17M	-4.22M	20.43M	6.67M
Operating Margin %	0.05%	-0.1%	-0.1%	0.01%	-0.02%	-0.17%	-0.09%	-0.01%	0.03%	0.01%
Operating Income Growth %	-0.84%	-2.34%	-0.02%	1.09%	-4.95%	-3.29%	0.5%	0.92%	5.84%	-0.67%
EBITDA+	181.81M	51.12M	38.46M	129.85M	98.33M	-8.73M	26.57M	63.11M	81.21M	61.38M
EBITDA Margin %	0.17%	0.07%	0.06%	0.12%	0.1%	-0.01%	0.05%	0.09%	0.1%	0.09%
EBITDA Growth %	-0.58%	-0.72%	-0.25%	2.38%	-0.24%	-1.09%	4.04%	1.38%	0.29%	-0.24%
D&A (Non-Cash Add-back)	131.26M	118.72M	107.67M	123.53M	123.32M	98.54M	80.74M	67.33M	60.78M	54.71M
EBIT	56.99M	-67.98M	-72.74M	-2.42M	-222.83M	-520.07M	-63.01M	6.51M	25.39M	949K
Net Interest Income+	-5.88M	-4.94M	-4.32M	-19M	-17.64M	-13.87M	-10.17M	-10.28M	-8.19M	-7.73M
Interest Income	543K	399K	359K	319K	262K	390K	158K	291K	1.38M	1.07M
Interest Expense	6.43M	5.34M	4.67M	19.31M	17.9M	14.26M	10.33M	10.57M	9.57M	8.8M
Other Income/Expense	15K	-5.72M	-8.2M	-28.05M	-215.74M	-427.05M	-19.17M	162K	-4.61M	-14.52M
Pretax Income+	50.57M	-73.33M	-77.41M	-21.73M	-240.73M	-534.33M	-73.33M	-4.06M	15.82M	-7.85M
Pretax Margin %	0.05%	-0.11%	-0.12%	-0.02%	-0.24%	-0.84%	-0.13%	-0.01%	0.02%	-0.01%
Income Tax+	22.2M	-26.94M	7.44M	-2.63M	-8.92M	-65.95M	-9.34M	5.48M	2.93M	3.41M
Effective Tax Rate %	0.57%	0.63%	1.1%	0.88%	0.96%	0.88%	0.87%	2.35%	0.81%	1.43%
Net Income+	28.6M	-46.39M	-84.85M	-19.11M	-231.81M	-468.38M	-63.99M	-9.54M	12.89M	-11.26M
Net Margin %	0.03%	-0.07%	-0.13%	-0.02%	-0.23%	-0.73%	-0.11%	-0.01%	0.02%	-0.02%
Net Income Growth %	-0.84%	-2.62%	-0.83%	0.77%	-11.13%	-1.02%	0.86%	0.85%	2.35%	-1.87%
Net Income (Continuing)	28.37M	-46.39M	-84.85M	-19.11M	-231.81M	-468.38M	-63.99M	-9.54M	12.89M	-11.26M
Discontinued Operations	226K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.56	-0.92	-1.69	-0.33	-3.90	-7.83	-1.06	-0.15	0.20	-0.18
EPS Growth %	-0.83%	-2.64%	-0.84%	0.8%	-10.82%	-1.01%	0.86%	0.86%	2.33%	-1.9%
EPS (Basic)	0.56	-0.92	-1.69	-0.33	-3.90	-7.83	-1.06	-0.15	0.20	-0.18
Diluted Shares Outstanding	50.34M	50.17M	50.14M	58.71M	59.38M	59.81M	60.29M	61.64M	63.15M	62M
Basic Shares Outstanding	50.27M	50.17M	50.14M	57.89M	59.38M	59.81M	60.29M	61.64M	62.69M	62M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	611.47M	489.98M	455.94M	534.03M	483.43M	423.59M	426.73M	462.76M	488M	498.23M
Cash & Short-Term Investments	35.97M	68.8M	53.46M	19.32M	8.49M	72.01M	52.85M	42.02M	47.11M	65.36M
Cash Only	35.97M	68.8M	53.46M	19.32M	8.49M	72.01M	52.85M	42.02M	47.11M	65.36M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	333.49M	234.51M	222.07M	293.14M	233.49M	163.13M	186.08M	218.77M	203.21M	194.34M
Days Sales Outstanding	110.66	123.26	120.86	98.33	83.77	93.32	118.5	108.24	94.81	102.42
Inventory	212.88M	175.49M	168.28M	209.39M	221.34M	170.38M	168.57M	182.66M	202.03M	214.84M
Days Inventory Outstanding	84.74	99.23	97.74	80.03	87.54	94.17	112.54	103.78	111.19	133.88
Other Current Assets	16.24M	4.31M	3.76M	6.18M	20.11M	18.07M	19.22M	19.32M	35.65M	23.69M
Total Non-Current Assets+	987.66M	893.92M	845.57M	1.47B	1.24B	728.67M	659.02M	601.63M	558.49M	506.88M
Property, Plant & Equipment	638.73M	553.4M	498.89M	540.43M	503.34M	416.7M	363.97M	326.86M	302.36M	286.41M
Fixed Asset Turnover	1.72x	1.25x	1.34x	2.01x	2.02x	1.53x	1.57x	2.26x	2.59x	2.42x
Goodwill	263.79M	263.37M	268.01M	647.02M	482.31M	76.49M	76.41M	79.28M	79.87M	69.71M
Intangible Assets	59.38M	52.75M	50.27M	255.3M	230.09M	205.75M	185.75M	169.8M	153.01M	125.86M
Long-Term Investments	-40.5M	-5.04M	-519K	-761K	-685K	-1.28M	-1.88M	0	0	0
Other Non-Current Assets	25.77M	24.4M	28.41M	27.04M	28.7M	29.73M	32.89M	24.17M	21.04M	22.94M
Total Assets+	1.6B	1.38B	1.3B	2B	1.73B	1.15B	1.09B	1.06B	1.05B	1.01B
Asset Turnover	0.69x	0.50x	0.52x	0.54x	0.59x	0.55x	0.53x	0.69x	0.75x	0.69x
Asset Growth %	-0.12%	-0.13%	-0.06%	0.54%	-0.14%	-0.33%	-0.06%	-0.02%	-0.02%	-0.04%
Total Current Liabilities+	154.2M	107.23M	115.27M	181.03M	183.07M	162.13M	177.29M	193.68M	157.27M	157.7M
Accounts Payable	59.12M	34.21M	49.09M	77.51M	78.37M	46.43M	63.34M	73.25M	67.55M	57.71M
Days Payables Outstanding	23.53	19.34	28.51	29.62	30.99	25.67	42.29	41.62	37.18	35.96
Short-Term Debt	533K	538K	411K	25.56M	33.93M	25.4M	24.74M	23.97M	7.51M	7.92M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	28.16M	20.9M	18.76M	29.38M	22.43M	24.63M	20.3M	13.1M	14.04M	11.27M
Current Ratio	3.97x	4.57x	3.96x	2.95x	2.64x	2.61x	2.41x	2.39x	3.10x	3.16x
Quick Ratio	2.58x	2.93x	2.50x	1.79x	1.43x	1.56x	1.46x	1.45x	1.82x	1.80x
Cash Conversion Cycle	171.87	203.15	190.09	148.73	140.31	161.83	188.75	170.41	168.83	200.34
Total Non-Current Liabilities+	189.27M	72.36M	53.53M	383.02M	320.83M	232.5M	212.63M	181.16M	179.67M	166.75M
Long-Term Debt	125.89M	45.39M	4.87M	306.18M	222.55M	165.76M	160.49M	135.07M	135.5M	124.65M
Capital Lease Obligations	0	0	0	0	35.78M	29.17M	23.45M	20.66M	18.35M	17.99M
Deferred Tax Liabilities	40.5M	5.04M	24.72M	53.83M	38.08M	14.26M	3.64M	6.65M	7.72M	5.35M
Other Non-Current Liabilities	20.21M	21.93M	23.94M	23.01M	24.42M	23.31M	25.06M	18.78M	18.11M	18.76M
Total Liabilities	343.47M	179.59M	168.8M	564.05M	503.9M	394.63M	389.92M	374.83M	336.94M	324.45M
Total Debt+	129.09M	45.93M	5.28M	331.74M	292.26M	220.32M	208.68M	179.7M	161.35M	150.56M
Net Debt	93.11M	-22.87M	-48.18M	312.42M	283.76M	148.31M	155.83M	137.68M	114.24M	85.2M
Debt / Equity	0.10x	0.04x	0.00x	0.23x	0.24x	0.29x	0.30x	0.26x	0.23x	0.22x
Debt / EBITDA	0.71x	0.90x	0.14x	2.55x	2.97x	-	7.85x	2.85x	1.99x	2.45x
Net Debt / EBITDA	0.51x	-0.45x	-1.25x	2.41x	2.89x	-	5.86x	2.18x	1.41x	1.39x
Interest Coverage	7.87x	-12.65x	-14.81x	0.33x	-1.40x	-7.52x	-5.24x	-0.40x	2.14x	0.76x
Total Equity+	1.26B	1.2B	1.13B	1.44B	1.22B	757.63M	695.83M	689.56M	709.54M	680.65M
Equity Growth %	-0.06%	-0.04%	-0.06%	0.27%	-0.15%	-0.38%	-0.08%	-0.01%	0.03%	-0.04%
Book Value per Share	24.95	24.00	22.59	24.52	20.61	12.67	11.54	11.19	11.24	10.98
Total Shareholders' Equity	1.26B	1.2B	1.13B	1.44B	1.22B	757.63M	695.83M	689.56M	709.54M	680.65M
Common Stock	617K	623K	627K	718K	726K	733K	739K	766K	772K	786K
Retained Earnings	1.18B	1.13B	1.05B	1.03B	797.71M	329.33M	281.57M	272.03M	284.92M	273.66M
Treasury Stock	-587.09M	-591.05M	-612.65M	-616.83M	-621.24M	-623.99M	-625.58M	-626.59M	-635.4M	-652.21M
Accumulated OCI	-50.7M	-70.3M	-58.49M	-71.4M	-67.75M	-71.39M	-66.03M	-78.94M	-69.98M	-79.53M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	256.12M	149.26M	95.38M	103.17M	137.43M	132.75M	7.19M	32.86M	56.58M	45.89M
Operating CF Margin %	0.23%	0.21%	0.14%	0.09%	0.14%	0.21%	0.01%	0.04%	0.07%	0.07%
Operating CF Growth %	-0.42%	-0.42%	-0.36%	0.08%	0.33%	-0.03%	-0.95%	3.57%	0.72%	-0.19%
Net Income	28.37M	-46.39M	-84.85M	-19.11M	-231.81M	-468.38M	-63.99M	-9.54M	12.89M	-11.26M
Depreciation & Amortization	131.26M	118.72M	107.67M	123.53M	123.32M	98.54M	80.74M	67.33M	60.78M	54.71M
Stock-Based Compensation	21.78M	21.32M	23.05M	22.65M	16.77M	8.43M	7.88M	6.85M	6.95M	8.72M
Deferred Taxes	-3.17M	-37.61M	16.34M	-3.49M	-15.47M	-24.4M	-8.64M	2.02M	226K	-2.36M
Other Non-Cash Items	-327K	2.91M	746K	2.53M	205.37M	448.89M	8.38M	920K	-3.28M	6.75M
Working Capital Changes	78.22M	90.3M	32.43M	-22.95M	39.25M	69.67M	-17.17M	-34.72M	-21M	-10.67M
Change in Receivables	156.94M	85.5M	21.13M	-16.79M	50.26M	63.88M	-24.41M	-35.44M	17.13M	5.19M
Change in Inventory	17.78M	32.16M	11.34M	-7.28M	-10.77M	17.58M	-10.33M	-17.36M	-19.79M	-14.7M
Change in Payables	-98.35M	-27.72M	14.05M	5.8M	-6.17M	-37.31M	17.73M	18.18M	-11.74M	-19.38M
Cash from Investing+	-147.2M	-29.29M	-47.62M	-461.38M	-51.98M	-3.73M	-6.63M	-22.73M	-25.59M	2.7M
Capital Expenditures	-114.74M	-29.69M	-35.17M	-88.02M	-56.12M	-12.75M	-17.52M	-20.27M	-30.65M	-37.51M
CapEx % of Revenue	0.1%	0.04%	0.05%	0.08%	0.06%	0.02%	0.03%	0.03%	0.04%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.69M	-1.14M	-1.72M	2.67M	-1.91M	-581K	-636K	-211K	-186K	-454K
Cash from Financing+	-124.72M	-84.88M	-65.06M	324.06M	-95.91M	-65.02M	-19.57M	-20.29M	-26.71M	-29.48M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	467K	-72K	-759K	0	-500K	-8.22M	-230K	-732K	-457K	-652K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	141.38M	119.57M	60.21M	15.15M	81.32M	120.01M	-10.32M	12.6M	25.92M	8.39M
FCF Margin %	0.13%	0.17%	0.09%	0.01%	0.08%	0.19%	-0.02%	0.02%	0.03%	0.01%
FCF Growth %	-0.41%	-0.15%	-0.5%	-0.75%	4.37%	0.48%	-1.09%	2.22%	1.06%	-0.68%
FCF per Share	2.81	2.38	1.20	0.26	1.37	2.01	-0.17	0.20	0.41	0.14
FCF Conversion (FCF/Net Income)	8.96x	-3.22x	-1.12x	-5.40x	-0.59x	-0.28x	-0.11x	-3.44x	4.39x	-4.08x
Interest Paid	5.63M	3.94M	0	9.86M	0	0	6.53M	8.34M	7.87M	7.44M
Taxes Paid	18.78M	2.33M	0	2.99M	0	0	152K	534K	1.26M	3.85M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.2%	-3.77%	-7.26%	-1.49%	-17.4%	-47.27%	-8.81%	-1.38%	1.84%	-1.62%
Return on Invested Capital (ROIC)	2.72%	-4.01%	-4.58%	0.33%	-1.15%	-6.67%	-4.62%	-0.38%	1.86%	0.63%
Gross Margin	16.64%	7.05%	6.29%	12.23%	9.28%	-3.49%	4.61%	12.92%	15.23%	15.43%
Net Margin	2.6%	-6.68%	-12.65%	-1.76%	-22.79%	-73.41%	-11.16%	-1.29%	1.65%	-1.63%
Debt / Equity	0.10x	0.04x	0.00x	0.23x	0.24x	0.29x	0.30x	0.26x	0.23x	0.22x
Interest Coverage	7.87x	-12.65x	-14.81x	0.33x	-1.40x	-7.52x	-5.24x	-0.40x	2.14x	0.76x
FCF Conversion	8.96x	-3.22x	-1.12x	-5.40x	-0.59x	-0.28x	-0.11x	-3.44x	4.39x	-4.08x
Revenue Growth	-39.55%	-36.87%	-3.43%	62.26%	-6.5%	-37.28%	-10.17%	28.71%	6.04%	-11.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	501.82M	483.36M	331.27M	299.29M	385.56M	418.55M	402.56M
Product Growth	-	-	-	-	-3.68%	-31.46%	-9.65%	28.82%	8.56%	-3.82%
Service	-	-	-	586.31M	534M	306.8M	273.87M	352.14M	363.73M	290.02M
Service Growth	-	-	-	-	-8.92%	-42.55%	-10.73%	28.58%	3.29%	-20.26%
Offshore Products	724.12M	508.79M	381.91M	-	-	-	-	-	-	-
Offshore Products Growth	-	-29.74%	-24.94%	-	-	-	-	-	-	-
Total Well Site Services	375.86M	185.65M	288.71M	-	-	-	-	-	-	-
Total Well Site Services Growth	-	-50.61%	55.51%	-	-	-	-	-	-	-
Well Site Services Completion Services	308.08M	163.06M	-	-	-	-	-	-	-	-
Well Site Services Completion Services Growth	-	-47.07%	-	-	-	-	-	-	-	-
Well Site Services Drilling Services	67.78M	22.59M	-	-	-	-	-	-	-	-
Well Site Services Drilling Services Growth	-	-66.67%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	797.76M	493.62M	548.85M	930.15M	831.32M	463.38M	447M	571.01M	594.81M	484.94M
UNITED STATES Growth	-	-38.13%	11.19%	69.47%	-10.63%	-44.26%	-3.53%	27.74%	4.17%	-18.47%
Other	-	54.69M	38.47M	55.48M	59.23M	40.37M	30.92M	49.63M	57.7M	64.99M
Other Growth	-	-	-29.66%	44.23%	6.75%	-31.83%	-23.41%	60.51%	16.26%	12.64%
SINGAPORE	66.31M	34.58M	23.4M	37.94M	56.17M	57.51M	35.89M	34.38M	48.13M	38.84M
SINGAPORE Growth	-	-47.85%	-32.33%	62.14%	48.06%	2.39%	-37.60%	-4.20%	40.00%	-19.31%
Other Non US	65.37M	-	-	-	-	-	-	-	-	-
Other Non US Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Oil States International, Inc. (OIS) reported $655.3M in revenue for fiscal year 2024. This represents a 81% decrease from $3.48B in 2011.

Oil States International, Inc. (OIS) saw revenue decline by 11.5% over the past year.

Yes, Oil States International, Inc. (OIS) is profitable, generating $23.9M in net income for fiscal year 2024 (-1.6% net margin).

Dividend & Returns

Oil States International, Inc. (OIS) has a return on equity (ROE) of -1.6%. Negative ROE indicates the company is unprofitable.

Oil States International, Inc. (OIS) generated $30.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.