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Liberty Energy vs Oceaneering International

Liberty Energy is the larger business, with $4.01bn of revenue in fiscal 2025 against $2.78bn for Oceaneering International (1.4 times as much). Oceaneering International grew faster (4.6% against -7.2%). Oceaneering International kept more of each dollar of sales as profit: a net margin of 12.7% against 3.7%. Liberty Energy carries less debt relative to equity (11.9% against 45.5%).

Latest fiscal yearLiberty EnergyLBRT, 2025Oceaneering InternationalOII, 2025
Revenue $4.01bn $2.78bn
Revenue growth -7.2% 4.6%
Net income $148m $354m
Operating margin 1.8% 10.9%
Net margin 3.7% 12.7%
Return on equity 7.3% 39.6%
Free cash flow $14.1m $208m
Cash $27.6m $689m
Total debt $247m $487m
Debt to equity 11.9% 45.5%
Dividend per share $0.33 —
Dividend yield 2.5% —
Share buybacks $24.9m $40.3m
Employees — 11,100
Market value $2.45bn $3.91bn
Price vs our value range — Within our value range
Moat score 26 (Weak) 36 (Weak)
Insider trades, 12 months 3 buys, 13 sales 0 buys, 26 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.