OIL States International, Inc income statement
In fiscal 2025, OIL States International, Inc reported revenue of $669m, down 3.4% on the year before, operating income of −$98.0m (a -14.6% margin) and net income of −$109m, or −$1.86 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 | 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 |
| Cost of revenue | 1,640 | 1,874 | 1,307 | 1,606 | 1,663 | — | — | — | 521 | 835 | 803 | 562 | 470 | 579 | 607 | 536 | 536 | 519 |
| Gross profit | 468 | 538 | 797 | −88 | −34 | — | — | — | 150 | 254 | 215 | 76 | 103 | 159 | 175 | 156 | 133 | 132 |
| Research and development | — | — | — | — | — | — | — | — | 5 | 7 | 7 | 6 | 4 | 4 | 5 | 5 | 5 | — |
| Selling, general and administrative | 139 | 151 | 164 | 125 | 151 | 169 | 133 | 124 | 115 | 138 | 123 | 94 | 84 | 96 | 94 | 95 | 90 | 91 |
| Operating income | 119 | 256 | 444 | 248 | 247 | 310 | 55 | −69 | −74 | −6 | −228 | −534 | −65 | 3 | 23 | −2 | −98 | −91 |
| Interest expense | 15 | 16 | 58 | 40 | 39 | 17 | 6 | 5 | 5 | 19 | 18 | 14 | 10 | 11 | 10 | 9 | 8 | — |
| Income before tax | 106 | 241 | 391 | 213 | 204 | 196 | 51 | −73 | −77 | −22 | −241 | −534 | −73 | −4 | 16 | −8 | −103 | −98 |
| Income tax | 46 | 72 | 108 | 72 | 75 | 69 | 22 | −27 | 7 | −3 | −9 | −66 | −9 | 5 | 3 | 3 | 7 | 9 |
| 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 |
| Diluted shares (average) | 50m | 53m | 55m | 55m | 55m | 53m | 50m | 50m | 50m | 59m | 59m | 60m | 60m | 62m | 63m | 62m | 59m | 58m |
| EBITDA | 237 | 380 | 632 | 336 | 357 | 435 | 186 | 49 | 34 | 118 | −105 | −436 | 16 | 70 | 84 | 53 | −51 | −56 |
| 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 | 165 | 160 | 165 | 165 | 178 | 145 | 157 | 170 |
| Cost of revenue | 126 | 123 | 125 | 129 | 159 | 112 | 118 | 130 |
| Gross profit | 39 | 37 | 40 | 37 | 19 | 34 | 39 | 40 |
| Selling, general and administrative | 23 | 23 | 23 | 21 | 24 | 20 | 23 | 24 |
| Operating income | 18 | 6 | 5 | 5 | −114 | 4 | 12 | 6 |
| Income before tax | 17 | 4 | 4 | 3 | −114 | 3 | 8 | 5 |
| Income tax | 2 | 1 | 1 | 1 | 3 | 2 | 2 | 2 |
| Net income | 15 | 3 | 3 | 2 | −117 | 1 | 6 | 3 |
| Diluted EPS | $0.24 | $0.05 | $0.05 | $0.03 | −$1.99 | $0.02 | $0.10 | $0.05 |
| EBITDA | 31 | 18 | 17 | 17 | −102 | 12 | 20 | 14 |
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