OII
EnergyOceaneering International, Inc. · Oil & Gas Equipment & Services · $4B
What is Oceaneering International, Inc.?
Oceaneering International is a global provider of engineered services, robotic solutions, and technology products serving the offshore energy, defense, aerospace, and entertainment industries. Headquartered in Houston, the company has built a diversified portfolio centered on subsea operations and advanced robotics.
Oceaneering generates revenue across four main segments. Its Subsea Robotics division operates a large fleet of remotely operated vehicles (ROVs) supporting offshore drilling, inspection, and repair work. The Manufactured Products segment supplies umbilicals, pipeline systems, and autonomous mobile robots across energy and industrial markets. The Offshore Projects Group delivers subsea installation and well intervention services. Its Integrity Management and Digital Solutions segment helps energy operators manage asset health and operational data.
Oceaneering was founded in 1975 and remains headquartered in Houston, Texas.
- Work-class remotely operated vehicles (ROVs) for offshore operations
- Production control umbilicals and pipeline connection systems
- Autonomous mobile robots and automated guided vehicle technology
- Riserless light well intervention and subsea installation services
- Asset integrity management and digital solutions for energy operators
Is OII a Good Stock to Buy?
UQS Score rates OII as Good overall, reflecting a balanced profile with notable strengths and some areas of concern.
The Quality and Risk pillars both register as Good, suggesting the business maintains reasonable financial discipline and manageable exposure relative to sector peers. The Valuation pillar also reads as Good, meaning the stock does not appear stretched on a relative basis — a meaningful consideration for energy-sector investors wary of overpaying at cycle peaks.
The Moat and Growth pillars both register as Weak, pointing to limited pricing power in competitive subsea markets and a growth trajectory that lags stronger-rated peers.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does OII pay dividends?
No — Oceaneering International, Inc. does not currently pay a dividend.
Oceaneering does not currently pay a dividend. For a capital-intensive services company operating in cyclical offshore energy markets, retaining cash provides flexibility to invest in fleet maintenance, technology development, and debt management. Income-focused investors should factor this into their assessment, while growth-oriented holders may view reinvestment as a reasonable capital allocation approach.
When does OII report earnings?
Oceaneering International reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Results across recent periods have reflected the mixed dynamics of offshore energy demand — with subsea robotics utilization tied closely to deepwater drilling activity and broader energy capital spending cycles. Segment performance can vary meaningfully quarter to quarter based on project timing and contract mix.
For the most recent quarter's results and guidance, visit Oceaneering International's investor relations page directly.
OII Price History
+165.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Oceaneering International, Inc.?
Based on Oceaneering International, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
OII Long-term Outlook
The UQS Growth pillar for OII registers as Weak, indicating the near-term expansion trajectory faces headwinds — likely tied to the pace of offshore energy investment and competitive pricing pressure in ROV and subsea services markets. The Good Risk rating provides some reassurance that the balance sheet and operational structure are not adding outsized vulnerability. Investors considering OII should weigh the cyclical nature of deepwater spending against the company's diversified segment mix, which spans defense, aerospace, and industrial robotics alongside core energy services.
Growth drivers
- Recovery and expansion in deepwater and ultra-deepwater drilling activity
- Growing demand for autonomous robotics across industrial and defense sectors
- Increased offshore asset integrity and inspection spending by energy operators
Key risks
- Cyclical swings in offshore energy capital expenditure affecting ROV utilization
- Competitive pricing pressure limiting margin expansion in subsea services
- Valuation sensitivity to energy commodity price cycles and operator budgets
OII vs Peers
Oceaneering operates in a competitive landscape that includes energy services and equipment providers across North American and international markets.
Enerflex focuses on natural gas compression and processing infrastructure, giving it a different revenue profile compared to Oceaneering's subsea robotics and offshore services orientation.
Cactus specializes in wellhead and pressure control equipment for onshore North American drilling, contrasting with Oceaneering's deepwater and subsea focus.
CES Energy Solutions provides chemical and fluid management programs primarily for onshore producers, serving a distinct part of the energy services value chain from Oceaneering.
Frequently Asked Questions
What does Oceaneering International do?
Oceaneering provides engineered services, robotic solutions, and technology products to the offshore energy, defense, aerospace, and entertainment industries. Its core business revolves around operating remotely operated vehicles for subsea work, supplying manufactured energy products, and delivering asset integrity management services globally.
Does OII pay dividends?
Oceaneering does not currently pay a dividend. The company retains capital to support its fleet, technology investments, and financial flexibility in a cyclical industry. Investors seeking regular income should note this when evaluating OII against dividend-paying energy services peers.
When does OII report earnings?
Oceaneering reports financial results on a quarterly basis, in line with standard US-listed company practice. For exact dates and the most recent results, check the investor relations section of Oceaneering's official website.
Is OII a good stock to buy?
UQS Score rates OII as Good overall. The Quality, Risk, and Valuation pillars are all rated Good, while Moat and Growth are rated Weak. Whether that profile fits your portfolio depends on your view of offshore energy cycles and your tolerance for limited near-term growth visibility. The full pillar breakdown is available to Pro members.
Is OII overvalued?
The UQS Valuation pillar for OII is rated Good, suggesting the stock is not trading at an elevated premium relative to its fundamentals and sector peers. That said, valuation in energy services can shift quickly with commodity cycles, so ongoing monitoring matters.
How does OII compare to its competitors?
Oceaneering's deepwater ROV and subsea services focus sets it apart from peers like Cactus, which serves onshore wellhead markets, and Enerflex, which targets gas compression infrastructure. The UQS platform provides side-by-side pillar comparisons for subscribers looking to evaluate relative quality and risk across these names.
What is OII's market cap bracket?
Oceaneering International is classified as a mid-cap company. This places it in a segment of the market that can offer more growth optionality than large-caps but with greater volatility exposure than mega-cap energy majors.
Who founded Oceaneering International?
Oceaneering International was founded in 1975. Detailed founding history, including key individuals involved in the company's early development, is widely available through public corporate records and the company's own historical disclosures.
Is OII a long-term quality investment?
As a long-term quality indicator, OII's Good overall UQS Score reflects reasonable financial discipline and manageable risk, but the Weak Moat and Growth ratings suggest the business faces structural challenges in building durable competitive advantages. Long-term holders should monitor how the company evolves its robotics and digital solutions segments beyond traditional offshore energy.
What is the main competitive advantage of Oceaneering?
Oceaneering's primary competitive position stems from its large ROV fleet, specialized subsea engineering expertise, and diversified segment mix spanning energy, defense, and industrial robotics. However, the UQS Moat pillar rates as Weak, indicating these advantages face meaningful competitive pressure in the current market environment.
What sector does OII belong to?
Oceaneering International operates in the Energy sector, specifically within the oilfield and subsea services industry. Its revenue is closely tied to offshore drilling activity and energy operator capital spending, though its defense, aerospace, and entertainment segments provide some diversification.
Is OII a growth stock or value stock?
Based on UQS pillar labels, OII leans toward a value-oriented profile — the Valuation pillar is rated Good while the Growth pillar is rated Weak. This combination suggests the stock may be reasonably priced relative to current fundamentals, but without strong near-term growth catalysts embedded in the score.
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Pro Analysis
OII — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 49.6 | 62.4 | 32.0 | 33.9 | 65.4 | 63.0 | -0.2 |
| May 21, 2026 | 49.8 | 62.5 | 32.0 | 33.9 | 65.4 | 63.8 | +0.2 |
| May 14, 2026 | 49.6 | 62.3 | 32.0 | 33.9 | 65.4 | 63.1 | -0.3 |
| May 12, 2026 | 49.9 | 62.6 | 32.0 | 33.9 | 65.4 | 64.2 | -2.6 |
| May 3, 2026 | 52.5 | 63.9 | 32.0 | 33.9 | 79.9 | 64.9 | +0.1 |
| May 1, 2026 | 52.4 | 63.9 | 32.0 | 33.9 | 79.9 | 64.6 | +0.2 |
| Apr 26, 2026 | 52.2 | 63.9 | 32.0 | 32.3 | 79.9 | 65.0 | +0.1 |
| Apr 22, 2026 | 52.1 | 63.9 | 32.0 | 32.3 | 79.9 | 64.8 | -4.0 |
| Apr 19, 2026 | 56.1 | 75.2 | 32.0 | 38.0 | 79.9 | 64.8 | 0.0 |
| Apr 18, 2026 | 56.1 | 75.2 | 32.0 | 38.0 | 79.9 | 65.1 | -0.7 |
OII — Pillar Breakdown
Quality
— 62.4/100 (25%)Oceaneering International, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 33.9/100 (20%)Oceaneering International, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 65.4/100 (15%)Oceaneering International, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 63.4/100 (15%)Oceaneering International, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 32/100 (25%)Oceaneering International, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OII.
Score Composition
Financial Data
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How is the OII UQS Score Calculated?
The UQS (Unified Quality Score) for Oceaneering International, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Oceaneering International, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Oceaneering International, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.