Filing Flows › Oceaneering International (OII) › Q2 2025
Oceaneering International (OII) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Oceaneering International (OII) reported revenue of $698M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +4% from the quarter before. Operating margin was 11.3%, net earnings $54.4M (7.8% of revenue).
Oceaneering International, Q2 2025: revenue $698M (+4% year over year), operating margin 11.3%, net earnings $54.4M, operating cash flow $77.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $698M | +4% | +4% |
| Gross profit | $148M | +10% | +23% |
| Operating profit | $79.2M | +8% | +31% |
| Net earnings | $54.4M | +8% | +56% |
| Operating cash flow | $77.2M | — | +47% |
| Free cash flow | $46.9M | — | +58% |
What changed
Revenue was $698.2M in Q2 2025, up 4% year over year and up 4% from the previous quarter. Subsea Robotics was the largest line at 31% of revenue. Aerospace and Defense Technologies added $12.6M year over year (up 13%), 43% of the total change.
Gross margin was 21.3%, up 3.3 points from a year earlier. Operating profit was $79.2M, a 11.3% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 9% margin then. Operating expenses grew 16% against revenue growth of 4%. Net earnings were $54.4M, up 56% year over year. The effective tax rate was 30.6%.
Operating cash flow was $77.2M (up 47% year over year), 142% of net earnings. Non-cash charges added back $25.4M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $6.3M. Capital expenditures of $30.3M left free cash flow of $46.9M.
Questions
What was Oceaneering International's revenue in the second quarter 2025?
Oceaneering International (OII) reported revenue of $698M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +4% from the quarter before.
Was Oceaneering International profitable in the second quarter 2025?
Operating profit was $79.2M (11.3% of revenue) and net earnings $54.4M.