OIL STATES INTERNATIONAL, INC
OIS · Oil & Gas Field Machinery & Equipment · 60.2M shares · +2%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$87K (gross $7M, SBC $7M)
Reference price $11.61 · est. market cap ~$699M — last insider sale, 2026-03-31 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D51Cyclical oilfield equipment maker posting a loss year on $121M impairments despite strong cash conversion and a clean balance sheet.
Strengths
- Generated $105M operating cash (OCF margin 58th pct) and materially delevered (D/E near zero)
- Offshore/international backlog growth and offshore now 64% of revenue
Risks
- Net and operating margins negative (8th/10th pct) driven by $121M impairment and facility exits
- ROE -19% (13th pct), revenue down 3.4% on weak U.S. land activity and tariff cost pressure
Notable findings
- RestatementOn January 28, 2026, we entered into an amended and restated cash-flow based credit agreement (the “Cash Flow Credit Agreement”) providing for aggregate lender commitments of up to: $75 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -16.3%)
- Revenue declineRevenue -18.5% YoY
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$493,553, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
19.9%
Operating margin
-14.6%
Net margin
-16.3%
Return on equity
-19.1%
Return on assets
-12.4%
ROIC
-13.5%
Revenue growth (QoQ)
-18.5%
Debt / equity
0.0×
Current ratio
1.9×
EBITDA
-$51M
Tangible book value
$471M
Cash & investments
$70M
Stock comp / revenue
1.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-12 | Castillo-Rhodes Denise | Grant | 17K | — |
| 2026-05-12 | Hollek Darrell E | Grant | 17K | — |
| 2026-05-12 | Vanderhider Hallie A. | Grant | 17K | — |
| 2026-05-12 | Wright E Joseph | Grant | 17K | — |
| 2026-05-12 | DICKERSON LAWRENCE R | Grant | 17K | — |
| 2026-05-12 | POTTER ROBERT L | Grant | 17K | — |
| 2026-05-01 | Autenrieth Matthew Earl | Grant | 36K | — |
| 2026-05-01 | Moses Philip Scott | Grant | 13K | — |
| 2026-05-01 | HAJDIK LLOYD A | Grant | 67K | — |
| 2026-03-31 | Hollek Darrell E | Sell | 43K | $11.61 |
| 2026-03-31 | POTTER ROBERT L | Grant | 1.1K | $11.64 |
| 2026-02-20 | HAJDIK LLOYD A | Tax withheld | 16K | $12.53 |
| 2026-02-20 | Moses Philip Scott | Tax withheld | 15K | $12.53 |
| 2026-02-20 | Taylor Brian E. | Tax withheld | 9.9K | $12.53 |
| 2026-02-20 | TAYLOR CINDY B | Tax withheld | 42K | $12.53 |
| 2026-02-19 | Taylor Brian E. | Grant | 38K | — |
| 2026-02-19 | Moses Philip Scott | Grant | 62K | — |
| 2026-02-19 | TAYLOR CINDY B | Grant | 160K | — |
| 2026-02-19 | HAJDIK LLOYD A | Grant | 62K | — |
| 2026-02-18 | HAJDIK LLOYD A | Tax withheld | 12K | $9.43 |
| 2026-02-18 | TAYLOR CINDY B | Grant | 82K | — |
| 2026-02-18 | TAYLOR CINDY B | Tax withheld | 35K | $9.43 |
| 2026-02-18 | Moses Philip Scott | Grant | 28K | — |
| 2026-02-18 | Moses Philip Scott | Tax withheld | 11K | $9.43 |
| 2026-02-18 | HAJDIK LLOYD A | Grant | 28K | — |
| 2026-02-16 | Moses Philip Scott | Tax withheld | 9.0K | $9.40 |
| 2026-02-16 | Moses Philip Scott | Tax withheld | 13K | $9.40 |
| 2026-02-16 | Taylor Brian E. | Tax withheld | 5.2K | $9.40 |
| 2026-02-16 | Taylor Brian E. | Tax withheld | 7.2K | $9.40 |
| 2026-02-16 | HAJDIK LLOYD A | Tax withheld | 9.7K | $9.40 |
| 2026-02-16 | HAJDIK LLOYD A | Tax withheld | 14K | $9.40 |
| 2026-02-16 | TAYLOR CINDY B | Tax withheld | 42K | $9.40 |
| 2026-02-16 | TAYLOR CINDY B | Tax withheld | 28K | $9.40 |
| 2025-12-31 | POTTER ROBERT L | Grant | 1.8K | $6.77 |
| 2025-12-16 | TAYLOR CINDY B | Sell | 15K | $6.75 |
| 2025-09-30 | POTTER ROBERT L | Grant | 2.1K | $6.06 |
| 2025-06-30 | POTTER ROBERT L | Grant | 2.3K | $5.36 |
| 2025-05-13 | Wright E Joseph | Grant | 31K | — |
| 2025-05-13 | POTTER ROBERT L | Grant | 31K | — |
| 2025-05-13 | Vanderhider Hallie A. | Grant | 31K | — |
| 2025-05-13 | Hollek Darrell E | Grant | 31K | — |
| 2025-05-13 | DICKERSON LAWRENCE R | Grant | 31K | — |
| 2025-05-13 | Castillo-Rhodes Denise | Grant | 31K | — |
| 2025-03-31 | POTTER ROBERT L | Grant | 2.4K | $5.15 |
| 2025-02-20 | Taylor Brian E. | Grant | 70K | — |
| 2025-02-20 | Moses Philip Scott | Grant | 116K | — |
| 2025-02-20 | HAJDIK LLOYD A | Grant | 116K | — |
| 2025-02-20 | TAYLOR CINDY B | Grant | 298K | — |
| 2025-02-16 | Taylor Brian E. | Tax withheld | 7.3K | $5.42 |
| 2025-02-16 | Taylor Brian E. | Tax withheld | 5.0K | $5.42 |
| 2025-02-16 | Taylor Brian E. | Tax withheld | 6.9K | $5.42 |
| 2025-02-16 | Moses Philip Scott | Tax withheld | 13K | $5.42 |
| 2025-02-16 | Moses Philip Scott | Tax withheld | 9.0K | $5.42 |
| 2025-02-16 | Moses Philip Scott | Tax withheld | 13K | $5.42 |
| 2025-02-16 | HAJDIK LLOYD A | Tax withheld | 14K | $5.42 |
| 2025-02-16 | HAJDIK LLOYD A | Tax withheld | 9.7K | $5.42 |
| 2025-02-16 | HAJDIK LLOYD A | Tax withheld | 14K | $5.42 |
| 2025-02-16 | TAYLOR CINDY B | Tax withheld | 39K | $5.42 |
| 2025-02-16 | TAYLOR CINDY B | Tax withheld | 28K | $5.42 |
| 2025-02-16 | TAYLOR CINDY B | Tax withheld | 42K | $5.42 |
| 2025-01-09 | Moses Philip Scott | Grant | 96K | — |
| 2025-01-09 | Moses Philip Scott | Tax withheld | 39K | $5.19 |
| 2025-01-09 | HAJDIK LLOYD A | Grant | 96K | — |
| 2025-01-09 | HAJDIK LLOYD A | Tax withheld | 42K | $5.19 |
| 2025-01-09 | TAYLOR CINDY B | Grant | 276K | — |
| 2025-01-09 | TAYLOR CINDY B | Tax withheld | 118K | $5.19 |
| 2024-12-31 | POTTER ROBERT L | Grant | 2.5K | $5.06 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-12 | Shareholder vote | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-23 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-02-20 | ResultsExhibits | filing ↗ |
| 2026-01-28 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2025-10-31 | ResultsExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
| 2025-05-13 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-12 | 2026-05-12 | 0001121484-26-000025 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001121484-26-000023 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001121484-26-000021 ↗ |
| 10-K/A | 2026-03-26 | 2025-12-31 | 0001121484-26-000012 ↗ |
| 8-K | 2026-03-23 | 2026-03-19 | 0001121484-26-000009 ↗ |
| 10-K | 2026-03-04 | 2025-12-31 | 0001121484-26-000007 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001121484-26-000004 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0001121484-26-000002 ↗ |
| 8-K | 2025-10-31 | 2025-10-31 | 0001121484-25-000078 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0001121484-25-000080 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001121484-25-000074 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001121484-25-000072 ↗ |