Oceaneering appears to be benefiting from a maturing offshore upcycle, with revenue rising 17.3% from $668.8M in 2024Q2 to $784.6M in 2026Q3 and gross margin expanding 300 basis points to 21.0% on improved ROV fleet utilization, while operating income grew 52.7% to $92.2M, indicating meaningful operating leverage.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 21, 2026 | $0.50-15.7% vs $0.59 | $785M+1.1% vs $776M |
Q3 2026 Jul 22, 2026 | $0.65+42.7% vs $0.46 | $768M+4.4% vs $736M |
Q2 2026 Apr 22, 2026 | $0.30-6.2% vs $0.32 | $692M+3.2% vs $671M |
Q1 2026 Feb 18, 2026 | $0.45+47.1% vs $0.31 | $669M-0.8% vs $674M |
OII sees Brazil, Guyana and Mozambique driving offshore growth in 2027, with rising subsea demand, $180 million in new contracts and EBITDA guidance of $430-$480 million.
Consolidated adjusted EBITDA reached $119 million in the third quarter. Subsea Robotics EBITDA margin improved to 39% during the quarter.
We believe Bentley Systems is attractive due to its strong free cash flow, high customer retention, and durable competitive advantages trading at a discount to our estimates of its long-term intrinsic value. We believe U.S. Physical Therapy may benefit from an aging population, increasing demand for outpatient rehabilitation services, and continued market consolidation. We exited the Essential Utilities position as the share price appreciated reducing the stock's potential upside and made its risk/reward profile less compelling redeploying the capital into what we view as higher conviction opportunities.
Oceaneering International NYSE: OII reported third-quarter 2026 revenue growth across all of its operating segments, with adjusted EBITDA reaching its highest quarterly level since the fourth quarter of 2015.
Benchmark OII against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Oceaneering International, Inc. (OII)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.24 | $3.41B | 10.42 | 4.62% | 11.37% | 28.91% | — | |
| $70.06 | $3.48B | 14.11 | 0.52% | 18.34% | 18.8% | — | |
| $4.82 | $2.5B | 216.14 | 40.34% | 0.45% | 3.52% | — | |
| $3.01 | $544.57M | -1.42 | -11.37% | -20.39% | -52.48% | — | |
| $19.96 | $2.01B | 22.06 | 1.72% | 5.77% | 9.43% | — | |
| $13.27 | $2.42B | -12.98 | 18.84% | -3.89% | -8.64% | — |
Oceaneering International, Inc. (OII) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Oceaneering International, Inc. (OII) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 21, 2026·SEC
Jul 24, 2026·SEC
Jul 22, 2026·SEC
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Oceaneering International, Inc. (OII) stock FAQ — growth, dividends, profitability & financials explained
Oceaneering International, Inc. (OII) reported $2.91B in revenue over the trailing twelve months. Revenue was $2.78B in fiscal year 2025. That is 862% more than the $289.5M of fiscal year 1996.
Oceaneering International, Inc. (OII) grew revenue by 3.0% over the trailing twelve months, compared with the twelve months before.
Yes. Oceaneering International, Inc. (OII) earned $331.4M in net income over the trailing twelve months (a 11.4% net margin).
Oceaneering International, Inc. (OII) had a return on equity (ROE) of 28.9% over the trailing twelve months. That is well above the market's typical 10-15%.
Oceaneering International, Inc. (OII) generated $288.1M in free cash flow over the trailing twelve months.
