Oceaneering International, Inc. (OII) Balance Sheet
OII balance sheet, 2025
December 31, 2025 · U.S. dollars$2.67B assets = $1.59B liabilities + $1.08B equity
Both columns are drawn to the same scale: what OII owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OII financial health
Descriptive bands, not a rating. Fiscal 2025.
OII balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.13B2016 | $2.67B2025 | −1.8%/yr | |
| Total liabilities | $1.61B2016 | $1.59B2025 | −0.2%/yr | |
| Shareholders’ equity | $1.52B2016 | $1.07B2025 | −3.8%/yr | |
| Cash & short-term investments | $450.2M2016 | $688.9M2025 | +4.8%/yr | |
| Total debt | $793.1M2016 | $487.4M2025 | −5.3%/yr | |
| Net cash (debt) | −$342.9M2016 | $201.5M2025 | +$544.3M | |
| Working capital | $754.2M2016 | $750.7M2025 | −$3.6M | |
| Book value per share | $15.412016 | $10.572025 | −4.1%/yr | |
| Current ratio | 2.482016 | 1.992025 | −0.50 | |
| Debt / equity | 0.522016 | 0.462025 | −0.07 | |
| Shares outstanding | 98.4M2016 | 101.3M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OII assets
OII liabilities and equity
OII debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OII balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $688.9M | $504.5M | $461.6M | $575.1M | $538.1M | $462.2M | $383.8M | $364.4M | $430.3M | $450.2M |
| Cash & equivalents | $688.9M | $497.5M | $461.6M | $568.7M | $538.1M | $452.0M | $373.7M | $354.3M | $430.3M | $450.2M |
| Short-term investments | $7.0M | $7.0M | $0 | $6.4M | $6.2M | $10.2M | $10.2M | $10.2M | $0 | $0 |
| Receivables | $308.5M | $578.9M | $565.8M | $481.4M | $427.8M | $518.2M | $642.6M | $625.1M | $476.9M | $489.7M |
| Inventory | $201.6M | $222.8M | $209.8M | $184.4M | $153.7M | $141.2M | $174.7M | $194.5M | $215.3M | $280.1M |
| Other current assets | $313.4M | $81.7M | $68.5M | $56.2M | $68.4M | $48.6M | $43.2M | $60.9M | $64.9M | $42.5M |
| Total current assets | $1.51B | $1.39B | $1.31B | $1.30B | $1.19B | $1.17B | $1.24B | $1.24B | $1.19B | $1.26B |
| Property, plant & equipment (net) | $451.7M | $754.8M | $761.8M | $578.1M | $489.6M | $591.1M | $776.5M | $964.7M | $1.06B | $1.15B |
| Goodwill & intangible assets | $81.4M | $82.7M | $55.4M | $45.9M | $47.5M | $49.3M | $430.9M | $493.1M | $540.9M | $531.4M |
| Long-term investments | $13.5M | $14.4M | $30.5M | $30.0M | $30.5M | $34.2M | $37.9M | $39.3M | $117.4M | $99.0M |
| Other non-current assets | $608.3M | $96.5M | $85.6M | $80.7M | $207.2M | $201.0M | $250.9M | $83.0M | $114.1M | $84.2M |
| Total assets | $2.67B | $2.34B | $2.24B | $2.03B | $1.96B | $2.05B | $2.74B | $2.82B | $3.02B | $3.13B |
| Liabilities | ||||||||||
| Accounts payable | $174.7M | $181.5M | $156.1M | $148.0M | $122.3M | $94.2M | $145.9M | $102.6M | $85.5M | $77.6M |
| Short-term debt | $0 | $131.4M | $78.1M | $19.6M | $18.8M | $18.8M | $19.9M | $0 | $792.3M | $793.1M |
| Deferred revenue | — | $140.7M | $164.6M | $113.0M | $88.2M | $50.0M | $117.3M | $85.2M | $63.0M | $122.2M |
| Total current liabilities | $761.7M | $796.9M | $732.5M | $568.4M | $501.2M | $437.1M | $601.0M | $494.7M | $435.8M | $508.4M |
| Long-term debt | $487.4M | $482.0M | $477.1M | $701.0M | $702.1M | $805.3M | $796.5M | $786.6M | $792.3M | $793.1M |
| Lease obligations | $385.7M | $369.7M | $371.6M | $171.4M | $177.3M | $174.9M | $180.9M | — | — | — |
| Other long-term liabilities | $341.4M | $337.1M | $395.4M | $236.5M | $248.6M | $245.3M | $267.8M | $128.4M | $131.3M | $312.2M |
| Total liabilities | $1.59B | $1.62B | $1.60B | $1.51B | $1.45B | $1.49B | $1.67B | $1.41B | $1.36B | $1.61B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M |
| Retained earnings (deficit) | $1.93B | $1.57B | $1.43B | $1.33B | $1.30B | $1.35B | $1.85B | $2.20B | $2.42B | $2.30B |
| Treasury stock | — | — | — | — | −$631.8M | −$660.0M | −$681.6M | −$704.1M | −$718.9M | −$731.2M |
| Accumulated other comprehensive income | −$396.1M | −$429.4M | −$382.3M | −$386.1M | −$366.5M | −$359.3M | −$334.1M | −$339.4M | −$292.1M | −$302.7M |
| Minority interest | $6.1M | $6.1M | $6.1M | $6.1M | $6.1M | $6.1M | $6.1M | $6.1M | $5.4M | $0 |
| Total shareholders' equity | $1.07B | $714.3M | $628.0M | $519.7M | $511.0M | $558.2M | $1.08B | $1.42B | $1.66B | $1.52B |
| Key figures | ||||||||||
| Total debt | $487.4M | $851.7M | $848.7M | $872.4M | $720.8M | $824.0M | $816.4M | $786.6M | $792.3M | $793.1M |
| Net cash (debt) | $201.5M | −$347.2M | −$387.1M | −$297.3M | −$182.7M | −$361.9M | −$432.5M | −$422.1M | −$362.0M | −$342.9M |
| Working capital | $750.7M | $591.0M | $573.2M | $728.6M | $686.8M | $733.1M | $643.5M | $750.1M | $751.6M | $754.2M |
| Tangible book value | $989.2M | $631.6M | $572.6M | $473.9M | $463.5M | $508.8M | $644.6M | $922.2M | $1.12B | $985.3M |
| Book value per share | $10.57 | $6.98 | $6.15 | $5.12 | $5.13 | $5.62 | $10.88 | $14.36 | $16.85 | $15.41 |
| Shares outstanding | 101.3M | 102.4M | 102.2M | 101.4M | 99.7M | 99.2M | 98.9M | 98.5M | 98.8M | 98.4M |
| Current ratio | 1.99 | 1.74 | 1.78 | 2.28 | 2.37 | 2.68 | 2.07 | 2.52 | 2.72 | 2.48 |
| Quick ratio | 1.31 | 1.36 | 1.40 | 1.86 | 1.93 | 2.24 | 1.71 | 2.00 | 2.08 | 1.85 |
| Debt / equity | 0.46 | 1.19 | 1.35 | 1.68 | 1.41 | 1.48 | 0.76 | 0.56 | 0.48 | 0.52 |
| Equity / assets | 40.1% | 30.6% | 28.0% | 25.6% | 26.0% | 27.3% | 39.2% | 50.1% | 55.0% | 48.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $629.5M | $607.5M | $688.9M | $513.0M | $441.0M | $389.0M | $504.5M | $458.9M | $382.9M | $354.7M | $461.6M | $556.4M |
| Cash & equivalents | $629.5M | $607.5M | $688.9M | $506.0M | $434.0M | $382.0M | $497.5M | $451.9M | $382.9M | $354.7M | $461.6M | $556.4M |
| Short-term investments | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | — | — | $0 | $0 |
| Receivables | $414.4M | $596.3M | $308.5M | $675.3M | $640.2M | $641.0M | $578.9M | $617.5M | $629.5M | $577.4M | $565.8M | $616.6M |
| Inventory | $197.7M | $208.2M | $201.6M | $218.1M | $226.6M | $220.8M | $222.8M | $241.6M | $231.3M | $216.9M | $209.8M | $208.2M |
| Other current assets | $338.7M | $105.0M | $313.4M | $95.4M | $84.8M | $84.8M | $81.7M | $93.2M | $93.4M | $88.5M | $68.5M | $77.3M |
| Total current assets | $1.58B | $1.52B | $1.51B | $1.50B | $1.39B | $1.34B | $1.39B | $1.41B | $1.34B | $1.24B | $1.31B | $1.46B |
| Property, plant & equipment (net) | $738.4M | $2.51B | $451.7M | $820.8M | $729.4M | $745.7M | $754.8M | $787.7M | $795.2M | $821.0M | $761.8M | $421.8M |
| Goodwill & intangible assets | $50.8M | $50.8M | $81.4M | $51.0M | $51.4M | $50.2M | $82.7M | $34.1M | $34.0M | $34.0M | $55.4M | $34.0M |
| Long-term investments | $0 | $0 | $13.5M | $0 | $0 | $0 | $14.4M | $0 | $0 | $0 | $30.5M | $0 |
| Other non-current assets | $319.4M | $0 | $608.3M | $165.6M | $154.1M | $143.5M | $96.5M | $123.6M | $138.5M | $136.4M | $85.6M | $398.0M |
| Total assets | $2.69B | $2.64B | $2.67B | $2.54B | $2.33B | $2.28B | $2.34B | $2.36B | $2.30B | $2.23B | $2.24B | $2.31B |
| Liabilities | ||||||||||||
| Accounts payable | $151.3M | $176.3M | $174.7M | $170.9M | $161.6M | $169.4M | $181.5M | $183.3M | $172.7M | $152.6M | $156.1M | $154.8M |
| Short-term debt | $114.4M | $128.8M | $0 | $127.4M | $114.5M | $131.4M | $131.4M | $127.7M | $118.6M | $108.0M | $78.1M | $190.6M |
| Deferred revenue | $125.1M | $114.8M | — | $117.9M | $92.0M | $106.2M | $140.7M | $168.8M | $181.1M | $150.2M | $164.6M | $139.3M |
| Total current liabilities | $726.2M | $729.2M | $761.7M | $763.9M | $696.9M | $706.4M | $796.9M | $800.1M | $776.9M | $703.4M | $732.5M | $800.5M |
| Long-term debt | $490.2M | $488.8M | $487.4M | $486.0M | $484.6M | $483.3M | $482.0M | $480.7M | $479.4M | $478.2M | $477.1M | $568.5M |
| Lease obligations | $331.9M | $360.0M | $385.7M | $413.9M | $319.5M | $349.6M | $369.7M | $399.7M | $413.8M | $433.9M | $371.6M | $329.6M |
| Other long-term liabilities | $303.6M | $312.4M | $341.4M | $375.7M | $297.9M | $306.2M | $337.1M | $371.6M | $391.4M | $418.2M | $395.4M | $371.2M |
| Total liabilities | $1.52B | $1.53B | $1.59B | $1.63B | $1.48B | $1.50B | $1.62B | $1.65B | $1.65B | $1.60B | $1.60B | $1.74B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M | $27.7M |
| Retained earnings (deficit) | $2.03B | $1.96B | $1.93B | $1.75B | $1.68B | $1.62B | $1.57B | $1.52B | $1.48B | $1.44B | $1.43B | $1.38B |
| Accumulated other comprehensive income | −$395.4M | −$392.5M | −$396.1M | −$387.7M | −$388.2M | −$409.1M | −$429.4M | −$396.2M | −$408.8M | −$398.3M | −$382.3M | −$396.6M |
| Minority interest | $4.6M | $6.1M | $6.1M | $6.1M | $6.1M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.17B | $1.11B | $1.07B | $907.7M | $842.1M | $773.1M | $714.3M | $698.0M | $651.0M | $623.1M | $628.0M | $572.3M |
| Key figures | ||||||||||||
| Total debt | $822.2M | $848.8M | $487.4M | $899.9M | $804.1M | $832.9M | $851.7M | $880.4M | $893.2M | $912.1M | $848.7M | $759.1M |
| Net cash (debt) | −$192.7M | −$241.4M | $201.5M | −$386.9M | −$363.1M | −$443.9M | −$347.2M | −$421.5M | −$510.4M | −$557.4M | −$387.1M | −$202.7M |
| Working capital | $854.0M | $787.7M | $750.7M | $738.0M | $695.8M | $629.2M | $591.0M | $611.0M | $560.2M | $534.1M | $573.2M | $658.1M |
| Tangible book value | $1.12B | $1.06B | $989.2M | $856.6M | $790.7M | $722.9M | $631.6M | $663.9M | $617.0M | $589.1M | $572.6M | $538.3M |
| Book value per share | $11.62 | $11.00 | $10.63 | $8.98 | $8.31 | $7.59 | $6.98 | $6.80 | $6.35 | $6.09 | $6.14 | $5.60 |
| Shares outstanding | 100.6M | 100.6M | 100.8M | 101.1M | 101.4M | 101.9M | 102.4M | 102.6M | 102.5M | 102.2M | 102.4M | 102.2M |
| Current ratio | 2.18 | 2.08 | 1.99 | 1.97 | 2.00 | 1.89 | 1.74 | 1.76 | 1.72 | 1.76 | 1.78 | 1.82 |
| Quick ratio | 1.44 | 1.65 | 1.31 | 1.56 | 1.55 | 1.46 | 1.36 | 1.35 | 1.30 | 1.33 | 1.40 | 1.47 |
| Debt / equity | 0.70 | 0.77 | 0.46 | 0.99 | 0.95 | 1.08 | 1.19 | 1.26 | 1.37 | 1.46 | 1.35 | 1.33 |
| Equity / assets | 43.5% | 41.9% | 40.1% | 35.7% | 36.2% | 34.0% | 30.6% | 29.6% | 28.2% | 28.0% | 28.0% | 24.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
OII financial position
At the end of fiscal 2025 (December 31, 2025), Oceaneering International had total assets of $2.7 billion (up 14.2% from a year earlier), total liabilities of $1.6 billion and shareholders' equity of $1.1 billion. It held $688.9 million in cash and short-term investments against $487.4 million of debt, a net cash position of $201.5 million. Its current ratio was 1.99. In the latest quarter (ended June 30, 2026) total assets were $2.7 billion and equity $1.2 billion.
Related: OII income statement, OII cash flow statement, OII key metrics. See the OII stock overview for the latest quote and news.
OII balance sheet FAQ
What are Oceaneering International's total assets?
Oceaneering International reported total assets of $2.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.3 billion a year earlier.
How much debt does Oceaneering International have?
Oceaneering International had $487.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.46.
How much cash does Oceaneering International have?
Oceaneering International held $688.9 million in cash and short-term investments at the end of fiscal 2025; with $487.4 million of debt that is net cash of $201.5 million.
What is Oceaneering International's book value?
Oceaneering International's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $10.57 per share.
What is Oceaneering International's current ratio?
Oceaneering International had current assets of $1.5 billion and current liabilities of $761.7 million, a current ratio of 1.99 (it can cover its short-term obligations).
How much goodwill does Oceaneering International have?
Oceaneering International carried $81.4 million of goodwill and intangible assets, 3.1% of total assets, at the end of fiscal 2025.