OCEANEERING INTERNATIONAL INC

OII · Oil & Gas Field Services, NEC · 99.7M shares · +1%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $8M (gross $20M, SBC $12M)

Reference price $38.27 · est. market cap ~$3.8B — last insider sale, 2026-05-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B75

Well-run offshore energy services and robotics firm with sector-leading margins, strong FCF and a deleveraged balance sheet.

Strengths

Operating margin (88th pct), gross margin (89th pct) and FCF (92.9th pct) lead the oilfield-services sector; net income more than doubled to $354M
Large cash position (94.7th pct), interest coverage 8.2x and growing ADTech/diversification

Risks

Heavy dependence on cyclical offshore oil & gas capex and commodity prices
Energy-transition headwinds to long-run hydrocarbon demand

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $696M cash & investments
Insider sellingInsider selling — 19 open-market sale(s) by 11 insider(s) (cluster of 11 insiders, ~$9M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $698M2025-09-30 · $743M2025-12-31 · $669M2026-03-31 · $692M

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

20.4%

Operating margin

10.9%

Net margin

12.7%

Return on equity

33.0%

Return on assets

13.3%

ROIC

15.4%

Revenue growth (QoQ)

3.6%

Net-income growth

139.9%

Debt / equity

0.5×

Net debt / EBITDA

-0.5×

Interest coverage

8.2×

Current ratio

2.0×

Free cash flow

$208M

EBITDA

$407M

Tangible book value

$989M

Cash & investments

$696M

Stock comp / revenue

0.5%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-18	LARSON RODERICK A.	Sell	5.0K	$38.27
2026-05-15	WEBSTER STEVEN A	Grant	4.6K	—
2026-05-15	Jenkins Roger W.	Grant	4.6K	—
2026-05-15	GOODWIN DEANNA L	Grant	4.6K	—
2026-05-15	Poddar Reema	Grant	4.6K	—
2026-05-15	MCEVOY M KEVIN	Grant	6.7K	—
2026-05-15	Beachy Karen H	Grant	4.6K	—
2026-05-15	Reinhardsen Jon Erik	Grant	4.6K	—
2026-05-15	MURPHY PAUL B JR	Grant	4.6K	—
2026-05-15	BERRY WILLIAM B	Grant	4.6K	—
2026-05-13	MCDONALD MARTIN J	Sell	44K	$38.49
2026-05-12	MCDONALD MARTIN J	Sell	26K	$38.33
2026-03-11	MCEVOY M KEVIN	Sell	26K	$35.27
2026-02-26	Kriendler Holly	Sell	5.8K	$37.31
2026-02-26	GRANATO LEONARDO P	Sell	1.2K	$37.00
2026-02-26	GRANATO LEONARDO P	Sell	202	$37.34
2026-02-26	Laura Benjamin	Sell	5.1K	$36.88
2026-02-25	Dunn Catherine E	Sell	6.2K	$37.52
2026-02-25	Dunn Catherine E	Sell	2.9K	$37.97
2026-02-25	Simons Jennifer Fremont	Sell	10K	$38.96
2026-02-25	DYER CHRISTOPHER J	Sell	6.0K	$38.08
2026-02-25	Laura Benjamin	Sell	33K	$37.51
2026-02-25	Kriendler Holly	Sell	19K	$37.73
2026-02-25	GRANATO LEONARDO P	Sell	8.4K	$37.47
2026-02-25	Childress Earl	Sell	23K	$37.41
2026-02-25	Roedel Shaun	Gift	2.0K	—
2026-02-25	Beachy Karen H	Sell	9.8K	$37.41
2026-02-24	MCDONALD MARTIN J	Tax withheld	4.8K	$37.22
2026-02-24	Dunn Catherine E	Tax withheld	575	$37.22
2026-02-24	LARSON RODERICK A.	Tax withheld	38K	$37.22
2026-02-24	Simons Jennifer Fremont	Tax withheld	6.7K	$37.22
2026-02-24	Laura Benjamin	Tax withheld	5.6K	$37.22
2026-02-24	Childress Earl	Tax withheld	4.7K	$37.22
2026-02-24	Kriendler Holly	Tax withheld	4.0K	$37.22
2026-02-24	Roedel Shaun	Tax withheld	2.1K	$37.22
2026-02-24	GRANATO LEONARDO P	Tax withheld	2.8K	$37.22
2026-02-24	DYER CHRISTOPHER J	Tax withheld	2.8K	$37.22
2026-01-05	Simons Jennifer Fremont	Sell	28K	$26.33
2026-01-05	Simons Jennifer Fremont	Sell	843	$26.85
2026-01-02	Simons Jennifer Fremont	Tax withheld	20K	$24.03
2025-09-02	MURPHY PAUL B JR	Sell	10K	$24.25
2025-08-27	Curtis Alan R	Sell	15K	$24.36
2025-08-25	Roedel Shaun	Gift	2.0K	—
2025-05-22	Beachy Karen H	Sell	5.3K	$18.94
2025-05-09	BERRY WILLIAM B	Grant	9.7K	—
2025-05-09	Beachy Karen H	Grant	9.7K	—
2025-05-09	MURPHY PAUL B JR	Grant	9.7K	—
2025-05-09	Poddar Reema	Grant	9.7K	—
2025-05-09	Reinhardsen Jon Erik	Grant	9.7K	—
2025-05-09	WEBSTER STEVEN A	Grant	9.7K	—
2025-05-09	MCEVOY M KEVIN	Grant	14K	—
2025-05-09	GOODWIN DEANNA L	Grant	9.7K	—
2025-02-25	Beierl Philip G	Tax withheld	2.6K	$22.09
2025-02-25	Curtis Alan R	Tax withheld	14K	$22.09
2025-02-25	Laura Benjamin	Tax withheld	3.7K	$22.09
2025-02-25	MCDONALD MARTIN J	Tax withheld	3.3K	$22.09
2025-02-25	Childress Earl	Tax withheld	5.3K	$22.09
2025-02-25	Kriendler Holly	Tax withheld	4.2K	$22.09
2025-02-25	Roedel Shaun	Tax withheld	2.4K	$22.09
2025-02-25	DYER CHRISTOPHER J	Tax withheld	1.2K	$22.09
2025-02-25	GRANATO LEONARDO P	Tax withheld	522	$22.09
2025-02-25	Dunn Catherine E	Tax withheld	638	$22.09
2025-02-25	LARSON RODERICK A.	Tax withheld	41K	$22.09
2025-02-24	Roedel Shaun	Grant	6.6K	—
2025-02-24	MERZ WILLIAM R.	Grant	6.4K	—
2025-02-24	DYER CHRISTOPHER J	Grant	7.4K	—
2025-02-24	Simons Jennifer Fremont	Grant	18K	—
2025-02-24	Laura Benjamin	Grant	18K	—
2025-02-24	LARSON RODERICK A.	Grant	92K	—
2025-02-24	MCDONALD MARTIN J	Grant	11K	—
2025-02-24	GRANATO LEONARDO P	Grant	7.4K	—
2025-02-24	Childress Earl	Grant	11K	—
2025-02-24	Curtis Alan R	Grant	30K	—
2025-02-24	Kriendler Holly	Grant	8.9K	—
2025-02-24	Dunn Catherine E	Grant	2.6K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-26	Material agreementReg FDOtherExhibits	filing ↗
2026-06-24	Reg FDExhibits	filing ↗
2026-05-18	Shareholder vote	filing ↗
2026-05-05	Reg FD	filing ↗
2026-04-22	ResultsExhibits	filing ↗
2026-03-20	Exec/director changeExhibits	filing ↗
2026-02-25	Reg FD	filing ↗
2026-02-18	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-26	2026-06-24	0000073756-26-000121 ↗
8-K	2026-06-24	2026-06-24	0000073756-26-000117 ↗
8-K	2026-05-18	2026-05-15	0000073756-26-000091 ↗
8-K	2026-05-05	2026-05-05	0000073756-26-000086 ↗
10-Q	2026-04-23	2026-03-31	0000073756-26-000082 ↗
8-K	2026-04-22	2026-04-22	0000073756-26-000080 ↗
8-K	2026-03-20	2026-03-17	0000073756-26-000063 ↗
8-K	2026-02-25	2026-02-25	0000073756-26-000041 ↗
10-K	2026-02-20	2025-12-31	0000073756-26-000016 ↗
8-K	2026-02-18	2026-02-18	0000073756-26-000011 ↗
8-K	2025-12-22	2025-12-22	0000073756-25-000190 ↗
8-K	2025-11-17	2025-11-17	0000073756-25-000187 ↗