Filing Flows › Energy › Oceaneering International (OII)
Oceaneering International (OII) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Oceaneering International (OII) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $785M · 7¢ of every $1 of revenue kept as net profit · operating margin 11.7%
Oceaneering International made $785M in Q3 2026 (+6% Y/Y): Subsea Robotics $233M, Offshore Projects Group $173M, Manufactured Products $168M. Operating margin 11.7%, net earnings $52.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $784.6M in Q3 2026, up 6% year over year and up 2% from the previous quarter. Subsea Robotics was the largest line at 30% of revenue. Subsea Robotics added $14.2M year over year (up 7%), 34% of the total change.
Gross margin was 21.0%, up 0.4 points from Q3 2025. Operating profit was $92.2M, a 11.7% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 14% reached operating profit, above the 12% margin then. Operating expenses grew 9% against revenue growth of 6%. Net earnings were $52.6M, down 26% year over year. The effective tax rate was 23.9%.
Operating cash flow was $163.0M (up 61% year over year), 310% of net earnings. Non-cash charges added back $26.6M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $78.6M. Capital expenditures of $21.1M left free cash flow of $141.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 22, 2026 | $785M | +6% | 11.7% | $52.6M | $163M |
| Q2 2026 | 10-Q | Jul 23, 2026 | $768M | +10% | 11.5% | $65.0M | $55.2M |
| Q1 2026 | 10-Q | Apr 23, 2026 | $692M | +3% | 8.3% | $36.1M | −$59.1M |
| Q4 2025 | 10-K | Feb 20, 2026 | $669M | -6% | 9.8% | $178M | $221M |
| Q3 2025 | 10-Q | Oct 23, 2025 | $743M | +9% | 11.6% | $71.3M | $101M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $698M | +4% | 11.3% | $54.4M | $77.2M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $675M | +13% | 10.9% | $50.4M | −$80.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Sells to
- U.S. government — 12% of its revenue · Stated in 10-K (sentence) · source
About Oceaneering International
Oceaneering International, Inc. (“Oceaneering,” “we,” “us” or “our”) is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace and manufacturing industries. Oceaneering was organized as a Delaware corporation in 1969 out of the combination of three diving service companies founded in the early 1960s. Since our establishment, we have concentrated on the development and marketing of underwater services and products to meet customer needs requiring the use of advanced technology. The continued evolution of applying our advanced technologies has expanded our presence into numerous adjacent markets focused on autonomous robotics. We believe we are one of the world's largest underwater services contractors.
In its own words, from its 10-K, filed Feb 20, 2026.
Oceaneering International against its Oil & Gas Field Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +7%. Operating margin: 11.7% against the peers' median 8.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| OII Oceaneering International | Q3 2026 | $785M | +6% | 11.7% |
| SLB SLB Limited | Q3 2026 | $9.4B | +6% | 10.8% |
| HAL Halliburton | Q3 2026 | $5.7B | +2% | 10.9% |
| LBRT Liberty Energy | Q3 2026 | $1.2B | +26% | 1.6% |
| NESR National Energy Services Reunited | Q2 2026 | $521M | +59% | 12.5% |
| ACDC ProFrac Holding | Q3 2026 | $511M | +27% | -6.7% |
| RES RPC | Q3 2026 | $468M | +5% | -11.5% |
| XPRO Expro | Q3 2026 | $440M | +7% | 1.1% |
| WTTR Select Water Solutions | Q2 2026 | $396M | +9% | 8.7% |
Source: Oceaneering International 10-Q on SEC EDGAR · CIK 73756 · Oil & Gas Field Services, NEC
13F: who owns OII and who is buying
More on OII
- How Oceaneering International makes money: revenue by segment
- Oceaneering International stock forecast, price target and fair value
- Who owns Oceaneering International stock: holders, funds and Congress trades
- Oceaneering International guidance and outlook
- Is Oceaneering International a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Oceaneering International guidance history: guided vs reported
- Oceaneering International gross margin by quarter
- Oceaneering International operating margin by quarter
- Oceaneering International net income by quarter
- Oceaneering International free cash flow by quarter
- Oceaneering International capital expenditures by quarter
- Oceaneering International Subsea Robotics revenue by quarter
- Oceaneering International Offshore Projects Group revenue by quarter
- Oceaneering International Manufactured Products revenue by quarter