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OIL States International, Inc (OIS) stock

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NYSE: OIS NYSE Oil & Gas Equipment & Services Next results ~February 19, 2027

C Fundamentals grade

OIL States International, Inc is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$3.8

Cash-flow model

Base case. Range ~$2.8–$5.0 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 58% below it.

Price used: $8.88, November 2, 2026

OIL States International, Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds100 adding, 111 cuttingOf 52 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter OIL States International files

10-Q filed October 30: OIL States International

Model value −7.2%

Revenue for the twelve months to September 2026 was $650m, down 0.7% on a year earlier, a smaller fall than the 2.8% decline a quarter earlier. Free-cash-flow margin held at 5.2%. Operating margin narrowed to -14.0% from 5.2%. The diluted share count is down 2.2% on a year earlier, which lifts each remaining share. Our model value falls from $4.15 to $3.85 a share, against a share price of $9.60. The rating stays Sell. At that price, our model says the market is pricing in about 19.7% a year of cash-flow growth for five years, faster than the 2.6% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where OIL States International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $646m, down 2.8% on a year earlier, a smaller fall than the 4.5% decline a quarter earlier. That puts it 21 of 26 for growth among the oil & gas equipment & services companies we cover. Free-cash-flow margin rose to 8.3% from 4.5% a year earlier. Operating margin narrowed to -14.4% from 2.8%. The diluted share count is down 4.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $4.15 a share, against a share price of $9.17. At that price, our model says the market is pricing in about 16.1% a year of cash-flow growth for five years, faster than the 2.4% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 19, 2027 (estimated)

OIL States International, Inc's trailing-twelve-month revenue fell 0.7% year on year, with a free-cash-flow margin of 5.2%. Where it stands out: long-term debt as % of assets of 2.2% ranks 4 of 32 oil & gas equipment & services companies we cover. Where it lags: net margin of -16.5% ranks 34 of 35 oil & gas equipment & services companies we cover.

Our discounted-cash-flow model values the business at ~$3.8 per share in the base case (~$2.8–$5.0 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 22% in the quarter to 2026-09-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $8.88 is 58% above our value per share of $4.
  • Revenue shrinking. Revenue fell 0.7% over the last 12 months.
  • Loss-making. Operating margin is -14.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 19.3 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 53% and a beta of 0.7 against the S&P 500.
  • Gross margin slipping. Gross margin is down 3.1 points on a year ago.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.15 against an average estimate of $0.12: beat by 22.4%
Revenue
$170m, up 2.8% on a year earlier
Share reaction
-2.2% in the first session after the results on October 30, 2026, against -2.2% for the S&P 500
Next report
October 30, 2026; average EPS estimate $0.18

OIL States International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.5%
  • 1 week+1.6%
  • 1 month+7.9%
  • This year+31.2%
  • 1 year+48.7%
  • 5 years+35.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$650M
Operating margin
-14.0%
Net margin
-16.5%
EPS (TTM, diluted)
$-1.84

Growth

Revenue growth
−0.7%
Change in growth rate
+2.1 pts
Share count change
−2.2%

Cash

Free cash flow (TTM)
$33.9M
FCF margin
5.2%
Stock pay % of revenue
1.6%

Earnings

Last results
October 30, 2026
Next results (est.)
February 19, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

OIL States International, Inc valuation models and calculator

What the price is pricing in

The share price implies about 18.7% a year of cash-flow growth for five years.That is faster than the 2.6% a year revenue growth OIL States International has delivered.

  • Priced in18.7%
  • Last 12 months-0.7%
  • 3 years a year-5.7%
  • 5 years a year2.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($8.86, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$3.7
Price used
$8.86close November 3, 2026
Implied change
▼ 58%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of OIL States International, Inc's free cash flow after stock-based pay with after-tax interest added back ($12.5M, FY2026 Q3 TTM), growing 4.7% and 4.1% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$2.8–~$5.0 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of OIL States International, Inc's free cash flow after stock-based pay ( $12.5M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value OIL States International, Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$3.8 ~$2.8–$5.0 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$9.9 ~$9.3–$13 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.2 Left out: out of range vs price (0.02x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$5.8 ~$3.8–$9.9 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare OIL States International, Inc with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −19%
  • Last year's free-cash-flow margin change, if it persists ▲ +11%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $3$4$6$7$10$13
8.5% $2$3$4$6$7$10
10% $2$3$3$4$6$7

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$27.25$39.00$28.30$14.28$16.31$5.02$4.97$7.46$6.79$5.06$6.77$8.88
Market value$1.4bn$2.0bn$1.4bn$838m$968m$300m$300m$460m$429m$314m$397m$517m
+ Net debt (− = net cash)$93m−$23m−$48m$312m$240m$112m$126m$111m$89m$60m−$15m−$3m
Enterprise value$1.5bn$1.9bn$1.4bn$1.2bn$1.2bn$412m$426m$571m$518m$374m$383m$514m
Multiples
Price / sales 1.2x2.8x2.1x0.8x1.0x0.5x0.5x0.6x0.5x0.5x0.6x0.8x
Price / earnings 48.0x———————33.3x———
Price / free cash flow 9.7x16.4x23.6x55.4x11.9x2.5x—36.5x16.5x37.4x5.4x15.2x
EV / EBITDA 7.9x39.1x40.6x9.8x——26.7x8.1x6.2x7.0x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

42 /100

Weak moat

How hard OIL States International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 1.6% of total assets over 10 years.

  • Pricing power 3 / 20

    Gross margin has been a median 18.9%, moving by 7.3 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -3.8%; its worst year was -92.3%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 4.7% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 3.3% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.48 +30% $643m −4%
Next $0.71 +48% $707m +10%

Next year's EPS estimate has moved −17.8% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −14.3% on 90 days ago. In the last 30 days, 0 analysts raised OIL States International, Inc's forecast and 2 cut it.

Consensus EPS forecast OIL States International, Inc, last 90 days
$0.40 $0.50 $0.60 $0.70 $0.80 $0.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.56 Current fiscal year, 60 days ago: $0.49 Current fiscal year, 30 days ago: $0.49 Current fiscal year, 7 days ago: $0.49 Current fiscal year, Now: $0.48 $0.48 Next fiscal year, 90 days ago: $0.86 Next fiscal year, 60 days ago: $0.73 Next fiscal year, 30 days ago: $0.73 Next fiscal year, 7 days ago: $0.71 Next fiscal year, Now: $0.71 $0.71

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.56$0.86
60 days ago $0.49$0.73
30 days ago $0.49$0.73
7 days ago $0.49$0.71
Now $0.48$0.71

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.12 $0.15 +22.4%
Jun 2026 $0.11 $0.14 +30.2%
Mar 2026 $0.09 $0.09 +5.9%
Dec 2025 $0.10 $0.13 +30.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows OIL States International, Inc's revenue by +4.7% next year and +4.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.3%, weight 62%) and the company's own record (+2.0%, weight 38%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy375%
Hold125%
Sell00%

Monthly trend

  1. Oct 20262114
  2. Sep 20262114
  3. Aug 20262114

Counts of recommendations published by analysts covering OIL States International, Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.7%
of tradable shares
Days to cover
2.72
at average volume
Short interest, 1 month
−15%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
7.9%
of shares
Employees
2,172
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +48.7%

$5.97 on October 31, 2025 to $8.88

ThenNowEffect
Revenue (last 12 months) $664m $646m −2.8%
P/S multiple 0.5x 0.8x +47.0%
Share count 61m 58m +4.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +15.0%

$7.72 on November 3, 2023 to $8.88

ThenNowEffect
Revenue (last 12 months) $772m $646m −16.3%
P/S multiple 0.6x 0.8x +27.0%
Share count 63m 58m +8.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OIS−1%+50%−9%−26%+34%+31%
Industry peers (median)+9%+38%−6%−5%−1%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OIS50%50%42%42%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OIS−50%−58%−39%−42%−43%−47%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 96% from January 6, 2017 to March 18, 2020. Getting back needed a 2367% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.86 – $14.39
From 52-week high
−38.3%
vs 50-day average
+4.8%
vs 200-day average
−5.2%
Volatility (1 year)
53%
Beta vs S&P 500
0.68

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±14.1%
After a week
6 up, 5 down
typical move ±15.7%
After a month
6 up, 5 down
typical move ±13.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 30, 2026 −2.2% −2.2% — —
July 30, 2026 +4.6% +2.4% +7.2% +11.1%
May 5, 2026 −20.4% +2.2% −20.1% −22.4%
February 20, 2026 +35.2% −0.3% +30.9% +26.6%
October 31, 2025 −5.5% +0.5% −9.3% −6.5%
July 31, 2025 −13.3% −2.0% −12.8% −0.5%
May 1, 2025 +23.4% +2.2% +28.5% +24.2%
February 21, 2025 −3.7% −2.2% +1.3% +0.6%
October 30, 2024 +13.2% −2.3% +27.3% +31.6%
July 29, 2024 +17.1% −0.4% +6.5% +11.2%
April 26, 2024 −23.9% +1.3% −18.8% −12.2%
February 20, 2024 −6.9% −0.5% −9.5% −3.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How OIL States International, Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

OIL States International, Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) OIL States International, Inc
$600M $650M $700M $750M $800M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $782.3M Revenue (TTM), FY24 Q1: $753.3M Revenue (TTM), FY24 Q2: $756.2M Revenue (TTM), FY24 Q3: $736.3M Revenue (TTM), FY24 Q4: $692.6M Revenue (TTM), FY25 Q1: $685.3M Revenue (TTM), FY25 Q2: $664.3M Revenue (TTM), FY25 Q3: $655.1M Revenue (TTM), FY25 Q4: $669M Revenue (TTM), FY26 Q1: $654.4M Revenue (TTM), FY26 Q2: $645.7M Revenue (TTM), FY26 Q3: $650.3M $650.3M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $782.3M
FY24 Q1 $753.3M
FY24 Q2 $756.2M
FY24 Q3 $736.3M
FY24 Q4 $692.6M
FY25 Q1 $685.3M
FY25 Q2 $664.3M
FY25 Q3 $655.1M
FY25 Q4 $669M
FY26 Q1 $654.4M
FY26 Q2 $645.7M
FY26 Q3 $650.3M
Revenue growth, TTM YoY OIL States International, Inc
-15% -10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 6.0% Revenue growth, TTM YoY, FY24 Q1: -2.1% Revenue growth, TTM YoY, FY24 Q2: -2.0% Revenue growth, TTM YoY, FY24 Q3: -5.2% Revenue growth, TTM YoY, FY24 Q4: -11.5% Revenue growth, TTM YoY, FY25 Q1: -9.0% Revenue growth, TTM YoY, FY25 Q2: -12.2% Revenue growth, TTM YoY, FY25 Q3: -11.0% Revenue growth, TTM YoY, FY25 Q4: -3.4% Revenue growth, TTM YoY, FY26 Q1: -4.5% Revenue growth, TTM YoY, FY26 Q2: -2.8% Revenue growth, TTM YoY, FY26 Q3: -0.7% -0.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 6.0%
FY24 Q1 -2.1%
FY24 Q2 -2.0%
FY24 Q3 -5.2%
FY24 Q4 -11.5%
FY25 Q1 -9.0%
FY25 Q2 -12.2%
FY25 Q3 -11.0%
FY25 Q4 -3.4%
FY26 Q1 -4.5%
FY26 Q2 -2.8%
FY26 Q3 -0.7%
Operating margin (TTM) OIL States International, Inc
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 3.0% Operating margin (TTM), FY24 Q1: 0.8% Operating margin (TTM), FY24 Q2: 0.6% Operating margin (TTM), FY24 Q3: -1.7% Operating margin (TTM), FY24 Q4: -0.2% Operating margin (TTM), FY25 Q1: 2.2% Operating margin (TTM), FY25 Q2: 2.8% Operating margin (TTM), FY25 Q3: 5.2% Operating margin (TTM), FY25 Q4: -14.6% Operating margin (TTM), FY26 Q1: -15.2% Operating margin (TTM), FY26 Q2: -14.4% Operating margin (TTM), FY26 Q3: -14.0% -14.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 3.0%
FY24 Q1 0.8%
FY24 Q2 0.6%
FY24 Q3 -1.7%
FY24 Q4 -0.2%
FY25 Q1 2.2%
FY25 Q2 2.8%
FY25 Q3 5.2%
FY25 Q4 -14.6%
FY26 Q1 -15.2%
FY26 Q2 -14.4%
FY26 Q3 -14.0%
FCF margin (TTM) OIL States International, Inc
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 3.3% FCF margin (TTM), FY24 Q1: 2.3% FCF margin (TTM), FY24 Q2: -1.7% FCF margin (TTM), FY24 Q3: 0.2% FCF margin (TTM), FY24 Q4: 1.2% FCF margin (TTM), FY25 Q1: 4.4% FCF margin (TTM), FY25 Q2: 4.5% FCF margin (TTM), FY25 Q3: 4.7% FCF margin (TTM), FY25 Q4: 11.1% FCF margin (TTM), FY26 Q1: 10.3% FCF margin (TTM), FY26 Q2: 8.3% FCF margin (TTM), FY26 Q3: 5.2% 5.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 3.3%
FY24 Q1 2.3%
FY24 Q2 -1.7%
FY24 Q3 0.2%
FY24 Q4 1.2%
FY25 Q1 4.4%
FY25 Q2 4.5%
FY25 Q3 4.7%
FY25 Q4 11.1%
FY26 Q1 10.3%
FY26 Q2 8.3%
FY26 Q3 5.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 2,108 2,412 2,104 1,518 1,629 1,820 1,100 694 671 1,088 1,017 638 573 738 782 693 669 650
Gross profit 468 538 797 −88 −34 — — — 150 254 215 76 103 159 175 156 133 132
EBITDA 237 380 632 336 357 435 186 49 34 118 −105 −436 16 70 84 53 −51 −56
Operating income 119 256 444 248 247 310 55 −69 −74 −6 −228 −534 −65 3 23 −2 −98 −91
Net income 59 168 322 449 421 179 29 −46 −85 −19 −232 −468 −64 −10 13 −11 −109 −107
Diluted EPS $1.18 $3.19 $5.86 $8.10 $7.53 $3.31 $0.56 −$0.92 −$1.69 −$0.33 −$3.90 −$7.83 −$1.06 −$0.15 $0.20 −$0.18 −$1.86 −$1.84
Growth (year on year)
Revenue −28.5% +14.4% −12.8% −27.9% +7.3% +11.7% −39.5% −36.9% −3.4% +62.3% −6.5% −37.3% −10.2% +28.7% +6.0% −11.5% −3.4% −0.7%
EBITDA −51.3% +60.4% +66.5% −46.8% +6.0% +22.0% −57.2% −73.5% −31.6% +248.1% −189.1% — — +340.4% +19.5% −36.8% −195.3% −167.5%
Operating income −69.1% +115.3% +73.8% −44.3% −0.1% +25.5% −82.3% −226.0% — — — — — — — −107.3% — −367.4%
Net income −73.0% +184.2% +91.9% +39.1% −6.1% −57.5% −84.0% −262.2% — — — — — — — — — −565.0%
Diluted EPS −72.3% +170.3% +83.7% +38.2% −7.0% −56.0% −83.1% −264.3% — — — — — — — — — −575.6%
Margins
Gross margin 22.2% 22.3% 37.9% −5.8% −2.1% — — — 22.3% 23.3% 21.1% 12.0% 17.9% 21.6% 22.4% 22.6% 19.9% 20.2%
EBITDA margin 11.2% 15.7% 30.1% 22.2% 21.9% 23.9% 16.9% 7.1% 5.0% 10.8% −10.3% −68.3% 2.8% 9.5% 10.7% 7.7% −7.6% −8.6%
Operating margin 5.6% 10.6% 21.1% 16.3% 15.2% 17.1% 5.0% −10.0% −11.0% −0.5% −22.4% −83.7% −11.3% 0.4% 3.0% −0.2% −14.6% −14.0%
Net margin 2.8% 7.0% 15.3% 29.6% 25.9% 9.8% 2.6% −6.7% −12.7% −1.8% −22.8% −73.4% −11.2% −1.3% 1.6% −1.6% −16.3% −16.5%
Free-cash-flow margin 15.6% 2.0% −12.9% 30.9% 32.1% 13.1% 12.9% 17.2% 9.0% 1.4% 8.0% 18.8% −1.8% 1.7% 3.3% 1.2% 11.1% 5.2%
Cash flow
Cash from operations 453 231 216 637 687 438 256 149 95 103 137 133 7 33 57 46 105 47
Capital spending 124 182 487 169 165 199 115 30 35 88 56 13 18 20 31 38 31 13
Free cash flow 329 49 −272 468 522 239 141 120 60 15 81 120 −10 13 26 8 74 34
Stock-based pay 12 13 15 17 24 26 22 21 23 23 17 8 8 7 7 9 8 10
Free cash flow after stock pay 317 36 −286 452 498 213 120 98 37 −8 65 112 −18 6 19 −0 66 23
Balance sheet
Cash 90 96 72 253 599 53 36 69 53 19 8 72 53 42 47 65 70 23
Total debt 165 913 1,177 1,310 973 288 129 46 5 332 248 184 179 153 136 125 55 20
Net debt (negative = net cash) 75 817 1,105 1,057 374 235 93 −23 −48 312 240 112 126 111 89 60 −15 −3
Diluted shares 50m 53m 55m 55m 55m 53m 50m 50m 50m 59m 59m 60m 60m 62m 63m 62m 59m 58m
Returned to shareholders
Buybacks — — 13 15 109 226 106 0 16 0 1 0 0 0 7 14 17 10
Total returned — — 13 15 109 226 106 0 16 0 1 0 0 0 7 14 17 10

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · September 30, 2026
What it owns · $845m
Short-term assets $475mLonger-term assets $370m
What it owes, and who funded it · $845m
Short-term liabilities $201mLonger-term liabilities $60mShareholders' equity $584m
  • Short-term assets cover short-term liabilities $475m of assets due within a year against $201m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $475m short-term assets against $60m of longer-dated liabilities.
  • More cash than debt $23m of cash against $20m of debt.
  • Debt below 40% of shareholders' equity Debt is 3% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 20% to 3% over five years.
  • A year's operating cash flow covers at least 20% of debt $47m of operating cash flow against $20m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From OIL States International, Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$9.5M
Returned to shareholders
28%
of free cash flow
Buybacks, last 3 fiscal years
$37.7M
Diluted share count
−2.2%
year over year
Total shareholder yield
1.8%
dividends 0.0% + buybacks 1.8% of market value
Sales & admin spending
14.0%
of revenue
Days sales outstanding
112 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated OIS TTI KLXE BOOM RNGR SEI Median
Revenue, last 12 months $650m $657m $636m $609m $607m $762m $1.2bn
Revenue growth, last 12 months −0.7% 6.1% −4.8% −1.6% 6.1% 70.5% 3.7%
Revenue growth, 3-year average −5.7% 1.9% −11.5% −5.4% −2.4% 31.4% 2.0%
Revenue growth, latest quarter 2.8% 9.6% 5.2% 14.1% 25.5% 46.9% 7.3%
Gross margin 20.2% 22.5% 21.0% 21.5% — — 21.1%
Operating margin −14.0% 6.9% −2.4% 0.7% 3.7% 24.3% 7.3%
Operating margin, 3-year average −3.5% 8.5% −2.0% −5.3% 4.4% 19.7% 7.2%
Net margin −16.5% 1.4% −9.7% −1.2% 2.4% 7.2% 2.6%
Cash from operations / revenue 7.3% 9.6% 5.8% 3.7% 10.0% 55.7% 11.7%
Free-cash-flow margin 5.2% −6.4% −0.3% 2.0% 3.9% −95.5% 2.0%
Free-cash-flow margin, 3-year average 3.4% −2.0% −1.4% 4.4% 6.7% −58.2% 4.0%
Stock pay / revenue 1.6% 1.1% 0.3% 0.3% 1.1% 3.9% 1.1%
Change in share count −2.2% 5.8% 13.8% 1.0% 1.3% — 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measure Company Peer median Rank
Revenue growth Growth -0.7% 3.7% 23 of 35
Change in growth rate Growth +2.1pp +1.5pp 16 of 34
Gross margin Profitability 20.2% 21.5% 14 of 21
Operating margin Profitability -14.0% 7.2% 31 of 32
Net margin Profitability -16.5% 2.6% 34 of 35
Free-cash-flow margin Cash generation 5.2% 2.0% 13 of 35
Stock pay as % of revenue Cash generation 1.6% 1.1% 23 of 32
Long-term debt as % of assets Balance sheet 2.2% 22.6% 4 of 32
Change in share count Balance sheet -2.2% 1.0% 7 of 31
Days sales outstanding Balance sheet 112 days 74 days 24 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Offshore Manufactured Products $431M 64.4% ▲ 8.3%
Downhole Technologies $123M 18.4% ▼ 5.7%
Completion and Production Services $115M 17.1% ▼ 30.1%
Products and services
Line of business Revenue Share YoY
Products $436M 65.2% ▲ 8.4%
Services $233M 34.8% ▼ 19.8%
Geography
Region Revenue Share YoY
United States $411M 61.4% ▼ 15.3%
United Kingdom $120M 18.0% ▲ 15.7%
Other $84.2M 12.6% ▲ 29.5%
Singapore $54.1M 8.1% ▲ 39.4%

From OIL States International, Inc's 10-K filed March 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$445M
Institutions reporting
199
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
23 / 39

Top buyers and sellers, Q2 2026: 100 institutions bought and 111 sold ; the biggest buyer was First Eagle Investment Management, LLC (+2.0M shares) and the biggest seller Driehaus Capital Management LLC (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $54.6M 6.8M 12.3% ▲ 8.1%
First Eagle Investment Management, LLC $32.1M 4.0M 7.2% ▲ 96.3%
Dimensional Fund Advisors LP $24.1M 3.0M 5.4% ▼ 14.6%
Vanguard Capital Management LLC $19.4M 2.4M 4.4% 0.0%
American Century Companies Inc $17.7M 2.2M 4.0% ▲ 19.7%
Acadian Asset Management LLC $16.4M 2.0M 3.7% ▼ 13.2%
D. E. Shaw & Co., Inc. $16.2M 2.0M 3.6% ▼ 6.9%
State Street Corp $15.9M 2.0M 3.6% ▲ 14.3%
AQR Capital Management LLC $13.9M 1.7M 3.1% ▼ 4.8%
Vanguard Portfolio Management LLC $13M 1.6M 2.9% ▼ 0.7%
Geode Capital Management, LLC $11.6M 1.4M 2.6% ▲ 6.5%
Two Sigma Investments, LP $11.6M 1.4M 2.6% ▲ 34.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not OIL States International, Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $593,183 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $593,183 net selling
Insider Date Trade Shares Price Value
Hollek Darrell E Director March 31, 2026 Sell 42,511 $11.61 $493,553
Taylor Cindy B President & CEO December 16, 2025 Sell 14,760 $6.75 $99,630

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 19, 2027 estimated from the company's past filing pattern, not announced

  • October 30, 2026
  • July 30, 2026
  • May 5, 2026
  • February 20, 2026
  • October 31, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on OIL States International, Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

OIL States International, Inc in brief

What does OIL States International, Inc do?
OIL States International, Inc is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is OIL States International, Inc's stock ticker?
OIL States International, Inc trades under the ticker OIS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is OIL States International, Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, OIL States International, Inc reported revenue of $650M, 0.7% lower than a year earlier, according to its SEC filings.
What is OIL States International, Inc's free cash flow?
OIL States International, Inc's free-cash-flow margin is 5.2% of revenue over the trailing twelve months, ranking 13 of the 35 oil & gas equipment & services companies we cover.
What is OIL States International, Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of OIL States International, Inc's free cash flow after stock-based pay gives ~$3.8 per share in the base case, and ~$2.8–$5.0 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are OIL States International, Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., First Eagle Investment Management, LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is OIL States International, Inc buying back stock, and does it pay a dividend?
OIL States International, Inc spent $9.5M on share repurchases over the trailing twelve months, and its diluted share count fell 2.2% over the year.
What is OIL States International, Inc's market cap?
On November 2, 2026, OIL States International, Inc's market capitalisation was about $517M and net debt of -$2.9M. Market figures come from third-party market data and may be delayed.
How much debt does OIL States International, Inc have?
OIL States International, Inc's debt-to-equity ratio is 3.4%, from its latest balance sheet (19.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are OIL States International, Inc's competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to OIL States International, Inc are Tetra Technologies Inc, KLX Energy Services Holdings, Inc., DMC Global Inc., Ranger Energy Services, Inc. and Solaris Energy Infrastructure, Inc. The side-by-side comparison below sets their revenue, margins and growth against OIL States International, Inc's.
Are insiders buying or selling OIL States International, Inc stock?
Over the last 12 months, OIL States International, Inc's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is OIL States International, Inc's next earnings date?
Around February 19, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — OIL States International, Inc announces its own schedule.