OII on NYSE

Oceaneering International

Logo: Oceaneering International, Public domain, via Wikimedia Commons5

Subsea engineering and applied technology company

Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1964Founded1

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  • TickerOII on NYSE1
  • Industryaerospace industry1
  • HeadquartersHouston1
  • Websitewww.oceaneering.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address5875 North Sam Houston Parkway West, Suite 400, Houston, Tx 770866
  • Filer categoryLarge accelerated filer6
  • LEI549300L6PH74701W0R304
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 7177104

Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.5%Gross margin8
11.5%Operating margin8
13.4%Net margin8
4.1%Revenue growth, 20258
33.0%Return on equity8
0.46×Debt to equity8
$207.8MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 79% of the revenue Oceaneering International broke down this way in fiscal 2025.

  1. Service$2.2B879%up 5% from 2024
  2. Product$576.0M821%up 2% from 2024
Products and services by year
Products and services202320242025
Service$1.9B$2.1B$2.2B
Product$504.4M$562.7M$576.0M

Business segments

Subsea Robotics brought in 31% of the revenue Oceaneering International broke down this way in fiscal 2025.

  1. Subsea Robotics$855.2M831%up 3% from 2024
  2. Offshore Projects Group$616.0M822%up 4% from 2024
  3. Manufactured Products$569.0M820%up 2% from 2024
  4. Aerospace and Defense Technologies$459.9M817%up 17% from 2024
  5. Integrity Management & Digital Solutions$284.0M810%down 3% from 2024
Business segments by year
Business segments202320242025
Subsea Robotics$752.5M$829.8M$855.2M
Offshore Projects Group$546.4M$591.0M$616.0M
Manufactured Products$493.7M$555.5M$569.0M
Aerospace and Defense Technologies$376.8M$392.9M$459.9M
Integrity Management & Digital Solutions$255.3M$291.9M$284.0M

Regions

United States brought in 45% of the revenue Oceaneering International broke down this way in fiscal 2025.

  1. United States$1.2B845%up 10% from 2024
  2. Africa$417.6M815%down 4% from 2024
  3. United Kingdom$289.6M810%down 1% from 2024
  4. Asia Pacific$259.2M89%up 11% from 2024
  5. Brazil$248.1M89%up 8% from 2024
  6. NO$228.4M88%up 8% from 2024
  7. Other geographical$97.8M84%down 27% from 2024
Regions by year
Regions202320242025
United States$1.0B$1.1B$1.2B
Africa$331.9M$434.5M$417.6M
United Kingdom$205.9M$291.5M$289.6M
Asia Pacific$274.2M$233.1M$259.2M
Brazil$202.9M$229.5M$248.1M
NO$189.8M$210.6M$228.4M
Other geographical$189.7M$134.1M$97.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue75¢$2.2B
  • Selling, general and admin9¢$263.9M
  • Interest1¢$37.0M
  • Income tax2¢$67.9M
  • Profit12¢$353.8M

Out of $2.6B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending35¢$111.0M
  • Share buybacks13¢$40.3M
  • Kept or used elsewhere53¢$167.6M

Out of $318.9M of cash from operations.8

Financial statements

Revenue9101112138$2.6B in 2025+32% since 2019
0$1.0B$2.0B$3.0B2019: $2.0B$2.0B20192020: $1.7B$1.7B2020−14%2021: $1.8B$1.8B2021+7%2022: $2.0B$2.0B2022+9%2023: $2.3B$2.3B2023+17%2024: $2.5B$2.5B2024+9%2025: $2.6B$2.6B2025+4%
Gross profit101112138$568.4M in 2025+479% since 2019
0$200.0M$400.0M$600.0M2019: $98.2M$98.2M20192020: $163.9M$163.9M2020+67%2021: $264.1M$264.1M2021+61%2022: $307.4M$307.4M2022+16%2023: $399.0M$399.0M2023+30%2024: $485.5M$485.5M2024+22%2025: $568.4M$568.4M2025+17%
Operating income101112138$304.6M in 2025
-$600.0M-$400.0M-$200.0M0$200.0M$400.0M2019: -$290.7M-$290.7M20192020: -$446.1M-$446.1M2020+53%2021: $39.8M$39.8M20212022: $110.9M$110.9M2022+179%2023: $181.3M$181.3M2023+64%2024: $246.3M$246.3M2024+36%2025: $304.6M$304.6M2025+24%
Net income101112138$353.8M in 2025
-$500.0M-$250.0M0$250.0M$500.0M2019: -$348.4M-$348.4M20192020: -$496.8M-$496.8M2020+43%2021: -$49.3M-$49.3M2021−90%2022: $25.9M$25.9M20222023: $97.4M$97.4M2023+275%2024: $147.5M$147.5M2024+51%2025: $353.8M$353.8M2025+140%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Revenue$2.8B$2.7B$2.4B
Cost of services and products$2.2B$2.2B$2.0B
Gross Margin$568.4M$485.5M$399.0M
Selling, general and administrative expense$263.9M$239.2M$217.6M
Income from Operations$304.6M$246.3M$181.3M
Interest income$14.5M$12.1M$15.4M
Interest expense, net of amounts capitalized-$37.0M-$37.9M-$36.5M
Equity earnings of unconsolidated affiliates$1.0M$929.0K$2.1M
Other Nonoperating Expense$2.8M$3.5M-$1.2M
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax$285.9M$224.9M$161.1M
Income Tax Expense (Benefit)-$67.9M$77.4M$63.7M
Net Income$353.8M$147.5M$97.4M
Basic Earnings per Share$3.53$1.46$0.97
Weighted Average Number of Shares Outstanding, Basic100.2M shares101.2M shares100.7M shares
Diluted Earnings per Share$3.49$1.44$0.95
Weighted Average Number of Shares Outstanding, Diluted101.3M shares102.4M shares102.2M shares

Compare Oceaneering International with another company

The story

Oceaneering was founded in 1964 with the incorporation of World Wide Divers, Inc., one of three companies who merged in 1969 to operate under the name Oceaneering International, Inc. The merged companies were World Wide Divers, Inc. (Morgan City, LA), California Divers, Inc. (Santa Barbara, CA), and Can-Dive Services Ltd (North Vancouver, BC).

World Wide Divers, Inc. was owned by Mike Hughes and Johnny Johnson. California Divers, Inc. was owned by Lad Handelman, Gene Handelman, Kevin Lengyel, and Bob Ratcliffe. Can-Dive Services Ltd was owned by Phil Nuytten and partners. Mike Hughes served as Chairman of the Board and Lad Handelman served as President of the merged companies.

Research and Diving Technology

In the early 1970s, Oceaneering supported considerable research into ways to increase safety of their divers and general diving efficiency, including their collaboration with Duke University Medical Center to explore the use of trimix breathing gas to reduce the incidence of high-pressure nervous syndrome.

Oceaneering purchased the rights to the JIM suit in 1975. By 1979, a team from Oceaneering assisted Dr. Sylvia Earle in testing Atmospheric diving suits for scientific diving operations by diving a JIM suit to 1,250 fsw. Oceaneering also used WASP atmospheric diving suits.

Salvage and Recovery Operations

A dive team from Oceaneering salvaged three of the four propellers from the RMS Lusitania in 1982.

Oceaneering ROVs were used to determine what happened to the cargo ship Lucona in the 1991 murder and fraud investigation that claimed uranium mining equipment was lost when the vessel went down.

Recovery of the airplane cockpit voice recorder in the loss of ValuJet Flight 592 was a priority in early 1996. In the days following the loss of TWA Flight 800 later that same year, Oceaneering was contacted to provide ROV support to the US Navy lead search and recovery effort.

Oceaneering helped recover the Confederate submarine H. L. Hunley, which sank in 1864. Several recovery plans were evaluated; the final recovery included a truss structure with foam to surround the body of the submarine. On August 8, 2000, at 8:37 a.m., the sub broke the surface for the first time in 136 years.

Read the full text

Robotics, Space, and Special Projects

From 1984 to 1988, Michael L. Gernhardt served as Oceaneering's Manager and then Vice President of Special Projects. He led the development of a telerobotic system for subsea platform cleaning and inspection, and of a variety of new diver and robot tools. In 1988, he founded Oceaneering Space Systems, to transfer subsea technology and operational experience to the ISS program.

After the 1986 Space Shuttle Challenger disaster, Oceaneering teams recovered the Solid Rocket Booster that contained the faulty O-ring responsible for launch's failure.

On August 2, 2006, NASA announced it would issue a Request for Proposal (RFP) for the design, development, certification, production and sustaining engineering of the Constellation Space Suit to meet the needs of the Constellation Program. On June 11, 2008, NASA awarded a USD$745 million contract to Oceaneering for the creation and manufacture of this new space suit.

Defense and Naval Engineering

In 2006, NAVSEA awarded Oceaneering a maintenance contract for the Dry Deck Shelter program. Dry Deck Shelters are used to transport equipment such as the Advanced SEAL Delivery System and Combat Rubber Raiding Craft aboard a submarine.

In 2009, Oceaneering installed a demonstrator crane aboard the SS Flickertail State to evaluate its performance in transferring containers between two moving ships, in an operational environment using commercial and oil industry at-sea mooring techniques in the Gulf of Mexico. Developed in conjunction with the Sea Warfare and Weapons Department in the Office of Naval Research, the crane has sensors and cameras as well as motion-sensing algorithms that automatically compensate for the rolling and pitching of the sea, making it much easier for operators to center it over and transfer cargo.

Industry Collaborations and Technology Licensing

Oceaneering teamed up with the Canadian company GRI Simulations to design and produce the ROV simulators they utilize for training, development of procedures, and equipment staging. After a dispute over theft of trade secrets and copyright infringement that lasted several years, Oceaneering now licenses the VROV simulator system from GRI Simulations.

A 2009 collaboration with Royal Dutch Shell saw the installation of a wireline at a record 2,673 feet (815 m) of water for repairing a safety valve.

Boeing and Fugro teamed up with Oceaneering in 2001 to begin integration of their advanced technology into deep sea exploration.

Major Projects and Deepwater Operations

On April 22, 2010, three Oceaneering ROV crews aboard the Oceaneering vessel Ocean Intervention III, the DOF ASA Skandi Neptune and the Boa International Boa Sub C began to map the seabed and assess the wreckage from the Deepwater Horizon oil spill. The crews reported "large amounts of oil that flowed out." Oceaneering ROV Technician Tyrone Benton was later called as a witness to provide information on the leaks associated with BOP stack investigation, but gave no reason why he later failed to appear in court.

Petrobras, the biggest deepwater oilfield company in the world, placed the largest umbilical order in company history in 2012.

As of 2012, eighty percent of Oceaneering's income has been derived from deepwater work. It is also the world's largest operator of ROVs.

BAE Systems was contracted in October 2013 to build a Jones Act-compliant multi-service vessel to serve Oceaneering's "subsea intervention services in the ultra-deep waters of the Gulf of Mexico", which was delivered in 2019.

In 2024, Oceaneering acquired Global Design Innovation Ltd., a UK-based provider of digital and software solutions.

Oceaneering’s Brazilian subsidiary secured multiple four-year subsea robotics contracts worth about $180 million from Petrobras in 2025 to provide ROV services, tooling, and surveys for offshore projects in Brazil.

The company launched the Momentum electric work-class ROV in March 2026. It is an electrically propelled remotely operated vehicle designed for extended subsea operations.

Oceaneering was a NASDAQ listed company until 1991, when they moved to the New York Stock Exchange.

From Wikipedia’s article on Oceaneering International, shared under CC BY-SA 4.0.7

Leadership

Who has led Oceaneering International, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (47)

Products and brands

Oceaneering International, Inc. operates in 24 countries with more than 70 operational bases and approximately 12,000 employees worldwide. The company has significant operations in Africa, the United Kingdom, Norway, Brazil, Asia, and Australia, and its global headquarters is located in Houston, Texas. Regional offices are maintained in major hubs such as Aberdeen (United Kingdom), Abu Dhabi (United Arab Emirates), Baku (Azerbaijan), Chandigarh (India), Luanda (Angola), Perth (Australia), Rio de Janeiro (Brazil), Selangor (Malaysia), Stavanger (Norway), and Newfoundland (Canada).

Remote Operations

The company operates Onshore Remote Operations Centers (OROCs) in Stavanger (Norway), Morgan City (United States), Aberdeen (United Kingdom), and Macaé (Brazil). These facilities support remote piloting of subsea vehicles and provide services such as underwater inspections, rig positioning, and asset monitoring.

From Wikipedia’s article on Oceaneering International, shared under CC BY-SA 4.0.7

Timeline

  1. May 5, 2017New chief executive Roderick A. Larson becomes CEO17
  2. Feb 21, 2012New chief executive M. Kevin McEvoy becomes CEO18
  3. Feb 27, 2007New chief executive T. Jay Collins becomes CEO19
  4. 1964Founded Founded1

Filings

361 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 69 major events, 173 insider forms, 22 large holders, 76 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 1, 2026144 EDGAR
  3. Sep 8, 20268-K 8-K OCEANEERING INTERNATIONAL INC. INVESTOR PRESENTATION SEPT 2026 EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 10, 20264 EDGAR
  6. Aug 7, 2026144 EDGAR
  7. Jul 31, 20264 EDGAR
  8. Jul 31, 20264 EDGAR
  9. Jul 31, 20264 EDGAR
  10. Jul 30, 2026144 EDGAR
  11. Jul 30, 2026144 EDGAR
  12. Jul 30, 2026144 EDGAR
  13. Jul 24, 20268-K 8-K OCEANEERING INTERNATIONAL INC INVESTOR PRESENTATION 2Q2026 EDGAR
  14. Jul 23, 202610-Q 10-Q OCEANEERING INTERNATIONAL, INC. 2Q 2026 EDGAR
  15. Jul 22, 20268-K 8-K OCEANEERING INTERNATIONAL 2Q 2026 EARNINGS RELEASE EDGAR
  16. Jul 7, 20268-K 8-K OCEANEERING JULY 6 DEBT CLOSING EDGAR
  17. Jul 1, 20264 EDGAR
  18. Jun 30, 2026144 EDGAR
  19. Jun 26, 202611-K 11-K OCEANEERING RETIREMENT INVESTMENT PLAN 2025 EDGAR
  20. Jun 26, 20268-K 8-K OCEANEERING PRIVATE OFFERING PRICING EDGAR

The 361 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

46 open-market trades by officers, directors and large owners since October 2021: 5 buys and 41 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 1, 2026LARSON RODERICK A.President and CEOSale6,000$44.16$265.0KForm 4
Aug 7, 2026MURPHY PAUL B JRDirectorSale10,000$48.37$483.7KForm 4
Jul 30, 2026MCEVOY M KEVINDirectorSale3,000$47.92$143.8KForm 4
Jul 30, 2026DYER CHRISTOPHER JSVP, OPGroupSale1,200$47.65$57.2KForm 4
Jul 30, 2026Childress EarlSVP, Chief Commercial Ofc.Sale12,701$46.71$593.3KForm 4
Jun 30, 2026GOODWIN DEANNA LDirectorSale7,000$40.69$284.8KForm 4
May 18, 2026LARSON RODERICK A.President and CEOSale5,000$38.27$191.3KForm 4
May 13, 2026MCDONALD MARTIN JSVP, Subsea RoboticsSale43,947$38.49$1.7MForm 4
May 12, 2026MCDONALD MARTIN JSVP, Subsea RoboticsSale26,053$38.33$998.6KForm 4
Mar 11, 2026MCEVOY M KEVINDirectorSale25,678$35.27$905.7KForm 4
Feb 26, 2026Laura BenjaminSVP & Chief Operating OfficerSale5,106$36.88$188.3KForm 4
Feb 26, 2026Kriendler HollySVP, Chief H.R. OfficerSale5,798$37.31$216.3KForm 4
Feb 26, 2026GRANATO LEONARDO PSVP, IMDSSale1,438$37.05$53.3KForm 4
Feb 25, 2026Dunn Catherine EVP, Chief Accounting OfficerSale9,070$37.66$341.6KForm 4
Feb 25, 2026Beachy Karen HDirectorSale9,800$37.41$366.6KForm 4
Feb 25, 2026Simons Jennifer FremontSVP, CLO and SecretarySale10,284$38.96$400.7KForm 4
Feb 25, 2026Laura BenjaminSVP & Chief Operating OfficerSale33,176$37.51$1.2MForm 4
Feb 25, 2026Childress EarlSVP, Chief Commercial Ofc.Sale22,518$37.41$842.4KForm 4
Feb 25, 2026Kriendler HollySVP, Chief H.R. OfficerSale19,007$37.73$717.1KForm 4
Feb 25, 2026GRANATO LEONARDO PSVP, IMDSSale8,415$37.47$315.3KForm 4

All 46 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.16,403,230$664.7M0.0%+54,388
Vanguard Portfolio Management LLC7,926,938$321.2M0.0%+348,017
State Street Corp4,994,403$202.4M0.0%−39,793
Brown Advisory Inc4,967,307$201.3M0.3%−821,294
Vanguard Capital Management LLC4,485,268$181.7M0.0%+6,505
American Century Companies Inc4,023,994$163.1M0.1%+257,320
Earnest Partners LLC3,547,295$143.7M0.5%−137,018
Dimensional Fund Advisors LP3,546,908$143.7M0.0%+85,159
Neuberger Berman Group LLC3,228,635$130.8M0.1%+10,376
Morgan Stanley Institutional Investment Advisors LLC3,066,015$124.2M11.6%−386,990
Franklin Resources Inc3,060,961$124.0M0.0%+2,232,589
Geode Capital Management, LLC2,839,554$115.1M0.0%+463,093
Barrow Hanley Mewhinney & Strauss LLC2,272,949$92.1M0.3%+851,995
Greenhouse Funds LLLP1,896,343$76.8M4.0%−136,146
Van Eck Associates Corp1,849,926$75.0M0.0%−211,561
Reinhart Partners, Llc.1,648,423$66.8M1.5%New
Loomis Sayles & Co L P1,606,095$65.1M0.1%−94,194
Northern Trust Corp1,371,471$55.6M0.0%+103,543
Charles Schwab Investment Management Inc1,339,591$54.3M0.0%−43,533
Nomura Asset Management International Inc.1,330,080$53.9M0.1%New
Morgan Stanley1,207,487$48.9M0.0%+167,154
Bank of New York Mellon Corp1,126,793$45.7M0.0%+371,522
Goldman Sachs Group Inc1,076,557$43.6M0.0%+76,666
Royal Bank Of Canada932,192$37.8M0.0%−116,018
Ranger Investment Management, L.P.777,643$31.5M2.0%−18,952

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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