Feed / OII

Oceaneering International, Inc.

OII

Energy · 50.58 +4.3% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Oceaneering International, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+4.3% todayVolume comparison unavailable
Market group0 of 6 activeOil & Gas Equipment & Services · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Manufactured Products backlog was $445 million as of June 30, 2026 vs $516 million as of June 30, 2025, with the decrease reflecting timing of awards.

Invalidation: The isolated read changes if OII's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Energy · Oil & Gas Equipment & Services

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Manufactured Products backlog was $445 million as of June 30, 2026 vs $516 million as of June 30, 2025, with the decrease reflecting timing of awards.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements103
Verified relationships2
Evidence supporting the case
  • Operating margin changed +1.8 percentage points in the latest annual period.
  • Capital investment and capacity has repeated favorable evidence across 5 filings.
  • Credit and interest rates has repeated favorable evidence across 5 filings.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 4 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • EV/sales is 41% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

50.58
6m+43.1%12m+111.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.9B+2.3%$-0.49+0.5%
2022-12-31$2.1B+10.5%$0.26+1.7%
2023-12-31$2.4B+17.4%$0.95+0.7%
2024-12-31$2.5B+4.8%$1.44+0.2%
2025-12-31$2.6B+4.1%$3.49-1.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 5 filings
Investing activities Our capital expenditures of $41 million were lower during the first six months of 2026, as compared to $56 million in the first six months of 2025, primarily due to higher capital expenditures in our Subsea Robotics segment in the first h…
10-Q · Jul 23, 2026
Credit and interest ratespositive · 5 filings
Interest expense decreased for the three- and six-month periods ended June 30, 2026 as compared to the corresponding periods of the prior year primarily due to the increase in capitalized interest along with a reduction in loan costs amortization and standby…
10-Q · Jul 23, 2026
Demand and volumepositive · 5 filings
Our Manufactured Products backlog was $445 million as of June 30, 2026 compared to $516 million as of June 30, 2025, with the decrease reflecting the timing of awards.
10-Q · Jul 23, 2026
Pricing and mixpositive · 4 filings
Subsea Robotics revenue increased for the six-month period ended June 30, 2026, as compared to the corresponding period of the prior year primarily due to higher average revenue per day in 2026, reflecting a mix of improved pricing and the impact of non-recur…
10-Q · Jul 23, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.9× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

50.58+4.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for OII. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for OII. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind OII

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

HLXHelix Energy Solutions Group, Inc.competitorFeb 26, 2026

Our principal competitors in well intervention are international drilling contractors and also include AKOFS Offshore, Baker Hughes, C-Innovation, Expro, Oceaneering, TechnipFMC, Trendsetter and Well-Safe Solutions.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

OII is currently a Follower in the organic co-movement group Oil & Gas Equipment & Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.