Oceaneering International Inc income statement
In fiscal 2025, Oceaneering International Inc reported revenue of $2.78bn, up 4.6% on the year before, operating income of $305m (a 10.9% margin) and net income of $354m, or $3.49 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,822 | 1,917 | 2,193 | 2,783 | 3,287 | 3,660 | 3,063 | 2,272 | 1,922 | 1,909 | 2,048 | 1,828 | 1,869 | 2,066 | 2,425 | 2,661 | 2,784 | 2,914 |
| Cost of revenue | 1,384 | 1,451 | 1,684 | 2,155 | 2,521 | 2,800 | 2,457 | 1,992 | 1,727 | 1,780 | 1,950 | 1,664 | 1,605 | 1,759 | 2,026 | 2,176 | 2,216 | 2,333 |
| Gross profit | 438 | 466 | 509 | 628 | 766 | 859 | 605 | 279 | 195 | 129 | 98 | 164 | 264 | 307 | 399 | 485 | 568 | 581 |
| Selling, general and administrative | 146 | 157 | 174 | 199 | 220 | 231 | 232 | 208 | 184 | 198 | 215 | 196 | 224 | 197 | 218 | 239 | 264 | 278 |
| Operating income | 292 | 310 | 335 | 429 | 545 | 628 | 374 | 71 | 11 | −145 | −291 | −446 | 40 | 111 | 181 | 246 | 305 | 304 |
| Interest expense | 8 | 6 | 1 | 4 | 2 | 5 | 25 | 25 | 28 | 38 | 43 | 44 | 39 | 38 | 37 | 38 | 37 | 35 |
| Income tax | 101 | 105 | 102 | 133 | 171 | 195 | 105 | 19 | −184 | 26 | 18 | −2 | 44 | 53 | 64 | 77 | −68 | −62 |
| Net income | 187 | 200 | 236 | 289 | 372 | 428 | 231 | 25 | 166 | −212 | −348 | −497 | −49 | 26 | 97 | 147 | 354 | 331 |
| Diluted EPS | $1.70 | $1.82 | $2.16 | $2.66 | $3.42 | $4.00 | $2.34 | $0.25 | $1.68 | −$2.16 | −$3.52 | −$5.01 | −$0.49 | $0.26 | $0.95 | $1.44 | $3.49 | $3.29 |
| Diluted shares (average) | 110m | 110m | 109m | 109m | 109m | 107m | 99m | 98m | 99m | 98m | 99m | 99m | 100m | 101m | 102m | 102m | 101m | 101m |
| EBITDA | 415 | 463 | 486 | 605 | 747 | 858 | 615 | 321 | 224 | 148 | −27 | 83 | 180 | 232 | 286 | 350 | 407 | 411 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 713 | 675 | 698 | 743 | 669 | 692 | 768 | 785 |
| Cost of revenue | 572 | 540 | 550 | 590 | 536 | 565 | 611 | 620 |
| Gross profit | 142 | 135 | 148 | 153 | 132 | 127 | 157 | 165 |
| Selling, general and administrative | 64 | 62 | 69 | 66 | 67 | 69 | 69 | 72 |
| Operating income | 78 | 73 | 79 | 87 | 65 | 58 | 88 | 92 |
| Interest expense | 10 | 9 | 9 | 9 | 9 | 9 | 8 | 9 |
| Provision for credit losses | — | 0 | 0 | 1 | — | — | — | — |
| Income before tax | — | 69 | 78 | 80 | — | 55 | 86 | 69 |
| Income tax | 13 | 19 | 24 | 9 | −119 | 19 | 22 | 17 |
| Net income | 56 | 50 | 54 | 71 | 178 | 36 | 65 | 53 |
| Diluted EPS | $0.55 | $0.49 | $0.54 | $0.71 | $1.75 | $0.36 | $0.65 | $0.52 |
| EBITDA | 103 | 98 | 105 | 113 | 92 | 85 | 116 | 119 |
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