Oceaneering International, Inc. (OII) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
8.35
+4% vs avg
5yr avg: 8.04
30Y Low4.3·High15.9
P/FCF
↑
17.31
↓-22% vs avg
5yr avg: 22.07
30Y Low6.4·High149.1
P/B Ratio
↑
3.39
+13% vs avg
5yr avg: 3.00
30Y Low0.8·High4.8
ROE
↑
39.4%
↓+167% vs avg
5yr avg: 14.7%
30Y Low-61%·High39%
Debt/EBITDA
↓
1.20
↓-61% vs avg
5yr avg: 3.05
30Y Low0.2·High11.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OII Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Oceaneering International, Inc. trades at 10.3x earnings, 64% below its 5-year average of 28.7x, sitting at the 8th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 33%. On a free-cash-flow basis, the stock trades at 17.3x P/FCF, 22% below the 5-year average of 22.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | $2.4B | $2.7B | $2.2B | $1.8B | $1.1B | $789M | $1.5B | $1.2B | $2.1B | $2.8B |
| Enterprise Value | $3.4B | $2.2B | $3.0B | $2.6B | $2.1B | $1.5B | $1.3B | $2.1B | $1.6B | $2.4B | $3.1B |
| P/E Ratio → | 10.33 | 6.89 | 18.11 | 22.40 | 67.27 | — | — | — | — | 12.58 | 112.84 |
| P/S Ratio | 1.29 | 0.87 | 1.00 | 0.90 | 0.86 | 0.60 | 0.43 | 0.72 | 0.62 | 1.09 | 1.22 |
| P/B Ratio | 3.39 | 2.26 | 3.71 | 3.43 | 3.37 | 2.21 | 1.41 | 1.37 | 0.84 | 1.25 | 1.83 |
| P/FCF | 17.31 | 11.71 | 27.79 | 19.90 | 44.54 | 6.44 | 10.39 | 149.14 | — | 48.78 | 12.17 |
| P/OCF | 11.28 | 7.63 | 13.14 | 10.35 | 14.68 | 5.00 | 5.77 | 9.36 | 32.61 | 15.30 | 8.15 |
P/E links to full P/E history page with 30-year chart
OII EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Oceaneering International, Inc.'s enterprise value stands at 8.3x EBITDA, roughly in line with its 5-year average of 8.0x. The Energy sector median is 7.8x, placing the stock at a 6% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.80 | 1.14 | 1.06 | 1.01 | 0.79 | 0.72 | 1.01 | 0.85 | 1.27 | 1.37 |
| EV / EBITDA | 8.35 | 5.49 | 8.65 | 8.95 | 8.96 | 8.18 | 15.90 | 15.73 | 10.97 | 10.93 | 9.72 |
| EV / EBIT | 11.15 | 6.91 | 11.51 | 12.96 | 17.72 | 44.38 | — | — | — | 229.90 | 39.16 |
| EV / FCF | — | 10.74 | 31.47 | 23.45 | 52.16 | 8.39 | 17.34 | 210.21 | — | 57.24 | 13.67 |
OII Profitability
Margins and return-on-capital ratios measuring operating efficiency
Oceaneering International, Inc. earns an operating margin of 10.9%, below the Energy sector average of 13.8%. Operating margins have expanded from 7.5% to 10.9% over the past 3 years, signaling improving operational efficiency. Return on equity of 39.4% is exceptionally high — well above the sector median of 7.2%. ROIC of 23.4% represents excellent returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.4% | 20.4% | 18.2% | 16.5% | 14.9% | 14.1% | 9.0% | 4.8% | 6.8% | 10.1% | 12.3% |
| Operating Margin | 10.9% | 10.9% | 9.3% | 7.5% | 5.4% | 2.1% | -24.4% | -5.7% | -7.6% | 0.6% | 3.1% |
| Net Profit Margin | 12.7% | 12.7% | 5.5% | 4.0% | 1.3% | -2.6% | -27.2% | -17.0% | -11.1% | 8.7% | 1.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 39.4% | 39.4% | 21.8% | 16.8% | 5.0% | -9.2% | -60.8% | -27.9% | -13.7% | 10.4% | 1.6% |
| ROA | 14.1% | 14.1% | 6.4% | 4.6% | 1.3% | -2.5% | -20.8% | -12.5% | -7.3% | 5.4% | 0.7% |
| ROIC | 23.4% | 23.4% | 17.6% | 14.7% | 9.9% | 3.1% | -24.2% | -5.0% | -5.6% | 0.4% | 2.8% |
| ROCE | 17.7% | 17.7% | 16.2% | 12.2% | 7.6% | 2.6% | -23.8% | -5.2% | -5.9% | 0.4% | 2.6% |
OII Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Oceaneering International, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (54% below the sector average of 2.6x). The company holds a net cash position — cash of $689M exceeds total debt of $487M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 8.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.45 | 1.18 | 1.34 | 1.66 | 1.72 | 1.76 | 0.91 | 0.55 | 0.47 | 0.52 |
| Debt / EBITDA | 1.20 | 1.20 | 2.44 | 2.96 | 3.76 | 4.90 | 11.83 | 7.40 | 5.31 | 3.53 | 2.47 |
| Net Debt / Equity | — | -0.19 | 0.49 | 0.61 | 0.58 | 0.67 | 0.95 | 0.56 | 0.30 | 0.22 | 0.23 |
| Net Debt / EBITDA | -0.50 | -0.50 | 1.01 | 1.35 | 1.31 | 1.90 | 6.38 | 4.57 | 2.92 | 1.61 | 1.07 |
| Debt / FCF | — | -0.97 | 3.69 | 3.54 | 7.62 | 1.95 | 6.95 | 61.07 | — | 8.46 | 1.50 |
| Interest Coverage | 8.73 | 8.73 | 6.93 | 5.41 | 3.07 | 0.85 | -10.36 | -6.75 | -3.92 | 0.38 | 3.15 |
Net cash position: cash ($689M) exceeds total debt ($487M)
OII Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.99x means Oceaneering International, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.78x to 1.99x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.99 | 1.99 | 1.74 | 1.78 | 2.28 | 2.37 | 2.68 | 2.07 | 2.52 | 2.72 | 2.48 |
| Quick Ratio | 1.99 | 1.99 | 1.46 | 1.50 | 1.96 | 2.06 | 2.35 | 1.78 | 2.12 | 2.23 | 1.93 |
| Cash Ratio | 0.90 | 0.90 | 0.63 | 0.63 | 1.01 | 1.09 | 1.06 | 0.64 | 0.74 | 0.99 | 0.89 |
| Asset Turnover | — | 1.04 | 1.14 | 1.08 | 1.02 | 0.95 | 0.89 | 0.75 | 0.68 | 0.64 | 0.73 |
| Inventory Turnover | — | — | 9.76 | 9.66 | 9.54 | 10.45 | 11.78 | 11.16 | 9.15 | 8.02 | 7.11 |
| Days Sales Outstanding | — | — | 79.40 | 85.18 | 85.05 | 83.53 | 103.48 | 114.53 | 119.49 | 90.59 | 78.69 |
OII Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Oceaneering International, Inc. returns 1.3% to shareholders annually primarily through share buybacks. The earnings yield of 9.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 2.1% | 3.4% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 26.6% | 382.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.7% | 14.5% | 5.5% | 4.5% | 1.5% | — | — | — | — | 7.9% | 0.9% |
| FCF Yield | 5.8% | 8.5% | 3.6% | 5.0% | 2.2% | 15.5% | 9.6% | 0.7% | — | 2.0% | 8.2% |
| Buyback Yield | 1.3% | 1.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.3% | 1.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% | 3.4% |
| Shares Outstanding | — | $101M | $102M | $102M | $101M | $100M | $99M | $99M | $99M | $99M | $98M |
Peer Comparison
Compare OII with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OIIYou | $4B | 10.3 | 8.3 | 17.3 | 20.4% | 10.9% | 39.4% | 23.4% | 1.2 |
 TDW | $3B | 9.7 | 6.0 | 9.1 | 30.8% | 21.4% | 27.1% | 15.2% | 1.2 |
 CLOV | $3B | -29.4 | — | — | 18.5% | -4.4% | -26.3% | -34.0% | — |
 ACDC | $1B | -2.6 | 7.8 | 56.0 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
 NESR | $2B | 47.2 | 11.2 | 20.5 | 11.0% | 7.4% | 5.5% | 6.1% | 1.5 |
 DNOW | $2B | -18.0 | — | 11.9 | 17.0% | -2.9% | -5.3% | -3.3% | — |
 LBRT | $4B | 30.5 | 9.0 | 312.3 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 FTI | $26B | 28.3 | 19.3 | 18.0 | 17.3% | 9.6% | 29.5% | 17.6% | 1.4 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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OII — Frequently Asked Questions
Quick answers to the most common questions about buying OII stock.
What is Oceaneering International, Inc.'s P/E ratio?
Oceaneering International, Inc.'s current P/E ratio is 10.3x. The historical average is 24.8x. This places it at the 8th percentile of its historical range.
What is Oceaneering International, Inc.'s EV/EBITDA?
Oceaneering International, Inc.'s current EV/EBITDA is 8.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is Oceaneering International, Inc.'s ROE?
Oceaneering International, Inc.'s return on equity (ROE) is 39.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 9.6%.
Is OII stock overvalued?
Based on historical data, Oceaneering International, Inc. is trading at a P/E of 10.3x. This is at the 8th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Oceaneering International, Inc.'s profit margins?
Oceaneering International, Inc. has 20.4% gross margin and 10.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Oceaneering International, Inc. have?
Oceaneering International, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.