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Oceaneering International (OII)
NYSE:OII
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.43Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive picture driven by full-year revenue and profitability gains, significant cash generation, improved adjusted EBITDA, strong order intake and notable ADTech momentum (including the largest initial contract award in company history). Operational strengths included SSR margin improvements, higher ROV pricing and uptime, and a record low TRIR. Offsetting these positives were near-term softness in energy-related businesses (notably OPG), lower Q4 utilization, a commercial dispute impacting IMDS results, a reduced Manufactured Products backlog, higher corporate expenses, and guidance indicating lower free cash flow in 2026 due to timing effects and a Q1 cash draw. Overall, the positives — particularly full-year financial improvements, balance sheet strength and ADTech growth — outweigh the near-term challenges.Company Guidance
Full-Year Revenue Growth and Operating Performance
Consolidated full-year 2025 revenue of $2.8 billion, up 5% year-over-year (fifth consecutive year of revenue growth). Consolidated operating income increased to $305 million, up $58 million or 24% year-over-year. Full-year adjusted EBITDA was $401 million, up $54 million or 16% versus 2024.
Strong Cash Generation and Balance Sheet
Year-end cash balance increased to $689 million, a 38% increase versus the end of 2024. Generated $319 million of cash from operations for the full year (up $116 million), full-year free cash flow of $208 million compared to $96.1 million in 2024 (approximately +116%). Total liquidity of $904 million (cash plus undrawn revolver).
Robust Order Intake and Book-to-Bill
Full-year order intake of $3.7 billion, representing a book-to-bill ratio of 1.33 (up from 1.10 in 2024, ~+21%), indicating healthy demand relative to revenue.
ADTech Growth and Record Contract Win
ADTech revenue increased 29% year-over-year in Q4 2025 and Q4 operating income rose 43% with operating margin improving to 11%. Won the largest initial contract award in company history through the ADTech business and finished 2025 with a strong multiyear backlog supporting future growth.
Subsea Robotics (SSR) Operational Improvements
SSR Q4 operating income of $67.8 million, up 7% year-over-year with EBITDA margins improving to 38% from 36% (200 bps improvement). Achieved 99% ROV uptime for the second consecutive year and improved ROV pricing by 7% year-over-year; average ROV revenue per day increased 7% (from $10,481 to $11,210) with a Q4 exit rate of $11,550.
Safety and Capital Allocation
Record low total recordable incident rate (TRIR) of 0.22 in 2025. Repurchased approximately 1.8 million shares for $40 million during the year, demonstrating shareholder return actions alongside investment in growth.
Manufactured Products Recovery
Full-year Manufactured Products revenue of $569 million and operating income of $72 million — the highest levels since 2020. Q4 operating income margin improved to 15% despite a 7% revenue decline in the quarter due to conversion of high-margin umbilicals backlog and improved non-energy project results.
Q4 Cash and Working Capital Timing Benefit
Q4 2025 generated $221 million of cash from operations and free cash flow of $191 million, benefiting from the timing of customer payments (including early receipt of payments originally due in Q1 2026).
OII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $33.09 | $36.18 | +9.34% |
Oct 22, 2025 | $24.70 | $23.80 | -3.64% |
Jul 23, 2025 | $22.43 | $23.95 | +6.78% |
Apr 23, 2025 | $17.27 | $17.92 | +3.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oceaneering International (OII) report earnings?
Oceaneering International (OII) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Oceaneering International (OII) earnings time?
Oceaneering International (OII) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OII EPS forecast?
OII EPS forecast for the fiscal quarter 2026 (Q1) is 0.34.