Oceaneering International Inc
NYSE: OII · ENERGY · OIL & GAS EQUIPMENT & SERVICES
Updated 2026-06-05
Oceaneering International Inc (OII) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.24B | $1.53B | $1.67B | $1.88B | $2.03B | $2.40B | $2.77B | $3.13B | $3.51B | $3.43B | $3.13B | $3.02B | $2.82B | $2.74B | $2.05B | $1.96B | $2.03B | $2.24B | $2.34B | $2.67B |
| Cash & equivalents | $26.23M | $27.11M | $11.20M | $162.35M | $245.22M | $106.14M | $120.55M | $91.43M | $430.71M | $385.24M | $450.19M | $430.32M | $354.26M | $373.65M | $452.02M | $538.11M | $568.75M | $461.57M | $497.52M | $688.87M |
| Current assets | $523.64M | $670.57M | $747.71M | $874.14M | $983.50M | $984.12M | $1.20B | $1.43B | $1.71B | $1.52B | $1.26B | $1.19B | $1.24B | $1.24B | $1.17B | $1.19B | $1.30B | $1.31B | $1.39B | $1.51B |
| Total liabilities | $538.74M | $616.13M | $702.37M | $655.96M | $640.29M | $842.58M | $952.66M | $1.09B | $1.85B | $1.85B | $1.61B | $1.36B | $1.41B | $1.67B | $1.49B | $1.45B | $1.51B | $1.60B | $1.62B | $1.59B |
| Current liabilities | $279.71M | $338.98M | $357.33M | $388.55M | $439.86M | $501.38M | $617.18M | $727.09M | $679.14M | $615.96M | $508.36M | $435.80M | $494.74M | $600.96M | $437.12M | $501.16M | $568.41M | $732.48M | $796.94M | $761.73M |
| Long-term debt | $194.00M | $200.00M | $229.00M | $120.00M | $0.00 | $120.00M | $94.00M | $0.00 | $750.00M | $795.84M | $793.06M | $792.31M | $786.58M | $796.52M | $805.25M | $702.07M | $700.97M | $477.06M | $482.01M | $487.42M |
| Shareholder equity | $696.76M | $915.31M | $967.65M | $1.22B | $1.39B | $1.56B | $1.82B | $2.04B | $1.66B | $1.58B | $1.52B | $1.66B | $1.42B | $1.08B | $558.16M | $511.02M | $519.74M | $628.02M | $714.26M | $1.08B |
| Retained earnings | $472.52M | $651.30M | $850.69M | $1.04B | $1.24B | $1.43B | $1.64B | $1.92B | $2.24B | $2.36B | $2.30B | $2.42B | $2.20B | $1.85B | $1.35B | $1.30B | $1.33B | $1.43B | $1.57B | $1.93B |
| Accounts receivable | $315.25M | $370.61M | $446.72M | $435.15M | $424.01M | $549.81M | $666.93M | $768.84M | $778.37M | $612.78M | $489.75M | $476.90M | $625.09M | $642.65M | $518.21M | $427.81M | $481.40M | $565.83M | $578.86M | $308.49M |
| Inventory | $139.89M | $225.41M | $235.58M | $232.22M | $236.52M | $255.09M | $331.28M | $441.79M | $375.59M | $328.45M | $280.13M | $215.28M | $194.51M | $174.74M | $141.24M | $153.68M | $184.38M | $209.80M | $222.85M | $201.59M |
| Goodwill | $86.93M | $111.95M | $118.71M | $130.82M | $143.23M | $333.47M | $363.19M | $344.02M | $331.47M | $426.87M | $443.55M | $455.60M | $413.12M | $405.08M | $35.02M | $34.91M | $34.34M | $34.21M | $49.35M | $51.02M |
Frequently asked questions
What is Oceaneering International Inc's revenue?
Oceaneering International Inc's trailing twelve-month revenue is $2.80B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is OII?
In its most recent fiscal year, OII ran a gross margin of 20.42%, an operating margin of 10.94%, and a net margin of 12.71%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does OII generate?
OII produced $207.85M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is OII's balance sheet healthy?
OII holds $688.87M in cash and equivalents against $487.42M in long-term debt, on $1.08B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.