Oceaneering International, Inc. (OII) Income Statement
OII 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOII revenue and net income
Where OII's revenue goes
2025Each bar shows an amount and its share of revenue. OII kept 12.7% of revenue as net income.
OII profit margins
OII growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.6% | +10.5% | +8.8% | −0.9% |
| Gross profit | +17.1% | +22.7% | +28.2% | −0.6% |
| Operating income | +23.7% | +40.1% | — | −2.0% |
| Net income | +139.9% | +138.9% | — | +4.4% |
| EPS (diluted) | +61.3% | +85.7% | — | −2.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OII quarterly EPS vs estimates
Oceaneering International beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 21, 2026 (estimate $0.58).
OII income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.78B | $2.66B | $2.42B | $2.07B | $1.87B | $1.83B | $2.05B | $1.91B | $1.92B | $2.27B |
| Cost of revenue | $2.22B | $2.18B | $2.03B | $1.76B | $1.61B | $1.66B | $1.95B | $1.78B | $1.73B | $1.99B |
| Gross profit | $568.4M | $485.5M | $399.0M | $307.4M | $264.1M | $163.9M | $98.2M | $129.2M | $194.6M | $279.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $263.9M | $239.2M | $207.4M | $196.5M | $224.3M | $195.7M | $214.9M | $198.3M | $184.0M | $208.5M |
| Total operating expenses | $263.9M | $239.2M | $217.6M | $196.5M | $224.3M | $610.0M | $214.9M | $198.3M | $184.0M | $208.5M |
| Operating income | $304.6M | $246.3M | $181.3M | $110.9M | $39.8M | −$446.1M | −$116.6M | −$145.5M | $10.7M | $70.8M |
| Interest income | $21.4M | $12.1M | $15.1M | $30.9M | $2.5M | $3.1M | $7.9M | $10.0M | $7.4M | $3.9M |
| Interest expense | $37.0M | $37.9M | $36.5M | $38.2M | $38.8M | $43.9M | $42.7M | $37.7M | $27.8M | $25.3M |
| Income before taxes | $285.9M | $224.9M | $161.1M | $79.1M | −$5.7M | −$498.9M | −$330.8M | −$185.8M | −$17.8M | $43.3M |
| Income taxes | −$67.9M | $77.4M | $63.7M | $53.1M | $43.6M | −$2.1M | $17.6M | $26.5M | −$184.2M | $18.8M |
| Net income | $353.8M | $147.5M | $97.4M | $25.9M | −$49.3M | −$496.8M | −$348.4M | −$212.3M | $166.4M | $24.6M |
| EBITDA | $425.1M | $366.3M | $302.5M | $238.2M | $172.8M | $73.9M | −$24.7M | $145.5M | $224.2M | $329.9M |
| EPS (diluted) | $1.92 | $1.19 | $0.80 | $0.30 | $0.17 | −$0.26 | −$0.83 | −$0.71 | −$0.08 | $0.73 |
| Gross margin | 20.4% | 18.2% | 16.5% | 14.9% | 14.1% | 9.0% | 4.8% | 6.8% | 10.1% | 12.3% |
| Operating margin | 10.9% | 9.3% | 7.5% | 5.4% | 2.1% | −24.4% | −5.7% | −7.6% | 0.6% | 3.1% |
| Net margin | 12.7% | 5.5% | 4.0% | 1.3% | −2.6% | −27.2% | −17.0% | −11.1% | 8.7% | 1.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $768.2M | $692.4M | $668.6M | $742.9M | $698.2M | $674.5M | $713.5M | $679.8M | $668.8M | $599.1M | $654.6M | $635.2M |
| Cost of revenue | $611.2M | $565.2M | $536.3M | $590.2M | $549.7M | $539.5M | $571.5M | $548.8M | $548.6M | $506.7M | $549.0M | $520.5M |
| Gross profit | $157.0M | $127.3M | $132.3M | $152.7M | $148.4M | $135.0M | $141.9M | $131.0M | $120.2M | $92.4M | $105.6M | $114.7M |
| Sales, general & admin | $68.7M | $69.5M | $66.9M | $66.2M | $69.2M | $61.5M | $64.1M | $59.6M | $59.8M | $55.7M | $58.2M | $56.8M |
| Total operating expenses | $68.7M | $69.5M | $66.9M | $66.2M | $69.2M | $61.5M | $64.1M | $59.6M | $59.8M | $55.7M | $58.2M | $56.8M |
| Operating income | $88.2M | $57.8M | $65.4M | $86.5M | $79.2M | $73.5M | $77.9M | $71.3M | $60.4M | $36.7M | $47.5M | $57.9M |
| Interest income | $4.9M | $5.1M | $4.7M | $3.7M | $6.1M | $3.6M | $3.4M | $3.3M | $2.4M | $3.0M | $3.1M | $4.7M |
| Interest expense | $8.5M | $9.1M | $17.4M | $984,000 | $9.5M | $9.1M | $9.7M | $9.5M | $9.5M | $9.2M | $7.9M | $9.8M |
| Income before taxes | $86.1M | $54.8M | $58.2M | $79.9M | $78.4M | $69.4M | $68.8M | $68.6M | $55.3M | $32.2M | $46.6M | $53.3M |
| Income taxes | $22.5M | $18.7M | −$119.5M | $8.6M | $24.0M | $19.0M | $12.7M | $27.4M | $20.3M | $17.0M | $2.1M | $23.5M |
| Net income | $65.0M | $36.1M | $177.7M | $71.3M | $54.4M | $50.4M | $56.1M | $41.2M | $35.0M | $15.1M | $44.5M | $29.8M |
| EBITDA | $114.3M | $91.1M | $101.9M | $107.0M | $113.3M | $102.9M | $103.7M | $103.3M | $90.8M | $68.4M | $80.0M | $88.7M |
| EPS (diluted) | $0.65 | $0.30 | $0.45 | $0.55 | $0.49 | $0.43 | $0.37 | $0.40 | $0.28 | $0.14 | $0.19 | $0.32 |
| Gross margin | 20.4% | 18.4% | 19.8% | 20.6% | 21.3% | 20.0% | 19.9% | 19.3% | 18.0% | 15.4% | 16.1% | 18.1% |
| Operating margin | 11.5% | 8.3% | 9.8% | 11.6% | 11.3% | 10.9% | 10.9% | 10.5% | 9.0% | 6.1% | 7.2% | 9.1% |
| Net margin | 8.5% | 5.2% | 26.6% | 9.6% | 7.8% | 7.5% | 7.9% | 6.1% | 5.2% | 2.5% | 6.8% | 4.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OII's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OII financial results
In fiscal year 2025 (ended December 31, 2025), Oceaneering International reported revenue of $2.8 billion, up 4.6% from the year before. It had net income of $353.8 million (up 139.9%), a net profit margin of 12.7%. Diluted earnings per share came to $1.92. Over five years revenue grew at an average rate of 8.8% a year.
See the OII stock overview for the latest quote and news, or the OII chart for price history and technical indicators.
OII income statement FAQ
What is Oceaneering International's annual revenue?
Oceaneering International reported total revenue of $2.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.6% from $2.7 billion the previous year.
Is Oceaneering International profitable?
Yes. Oceaneering International reported net income of $353.8 million in fiscal 2025, a net profit margin of 12.7%; its operating margin was 10.9%.
What is Oceaneering International's gross margin?
Oceaneering International's gross margin was 20.4% in fiscal 2025: for every $100 of revenue, Oceaneering International kept $20 after the direct cost of its products and services.
How fast is Oceaneering International growing?
Revenue grew 8.8% a year on average over the last five fiscal years, from $1.8 billion to $2.8 billion.
What are Oceaneering International's earnings per share?
Oceaneering International earned $1.92 per diluted share in fiscal 2025, compared with $1.19 a year earlier.
When will Oceaneering International report its next earnings?
Oceaneering International is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Oceaneering International's fiscal year end?
Oceaneering International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.