Filing Flows › Oceaneering International (OII) › Q3 2025
Oceaneering International (OII) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Oceaneering International (OII) reported revenue of $743M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +6% from the quarter before. Operating margin was 11.6%, net earnings $71.3M (9.6% of revenue).
Oceaneering International, Q3 2025: revenue $743M (+9% year over year), operating margin 11.6%, net earnings $71.3M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $743M | +6% | +9% |
| Gross profit | $153M | +3% | +17% |
| Operating profit | $86.5M | +9% | +21% |
| Net earnings | $71.3M | +31% | +73% |
| Operating cash flow | $101M | +31% | +10% |
| Free cash flow | $77.0M | +64% | +15% |
What changed
Revenue was $742.9M in Q3 2025, up 9% year over year and up 6% from the previous quarter. Subsea Robotics was the largest line at 29% of revenue. Aerospace and Defense Technologies added $26.7M year over year (up 27%), 42% of the total change. Integrity Managements & Digital Solutions declined 4%.
Gross margin was 20.6%, up 1.3 points from a year earlier. Operating profit was $86.5M, a 11.6% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 10% margin then. Operating expenses grew 11% against revenue growth of 9%. Net earnings were $71.3M, up 73% year over year. The effective tax rate was 10.8%.
Operating cash flow was $101.3M (up 10% year over year), 142% of net earnings. Non-cash charges added back $26.1M of depreciation and amortization and $3.9M of share-based compensation. Capital expenditures of $24.2M left free cash flow of $77.0M.
Questions
What was Oceaneering International's revenue in the third quarter 2025?
Oceaneering International (OII) reported revenue of $743M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +6% from the quarter before.
Was Oceaneering International profitable in the third quarter 2025?
Operating profit was $86.5M (11.6% of revenue) and net earnings $71.3M.