Filing Flows › Oceaneering International (OII) › Q3 2026 › vs Q3 2025
Oceaneering International (OII) Q3 2026 vs Q3 2025 (year over year)
Oceaneering International's revenue rose $41.7M (+6%) from $743M in Q3 2025 to $785M in Q3 2026. The biggest changes: Subsea Robotics +$14.2M (+7%); Manufactured Products +$11.8M (+8%); Aerospace and Defense Technologies +$9.2M (+7%). Gross margin 21.0% against 20.6% (+0.4 pts).
Oceaneering International, Q3 2026: revenue $785M (+6% year over year), operating margin 11.7%, net earnings $52.6M, operating cash flow $163M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 21.0% | 20.6% | +0.4 pts |
| Operating margin | 11.7% | 11.6% | +0.1 pts |
| Net margin | 6.7% | 9.6% | -2.9 pts |
| Free cash flow margin | 18.1% | 10.4% | +7.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subsea Robotics | $233M | $219M | $14.2M | +7% |
| Offshore Projects Group | $173M | $171M | $1.5M | +0.9% |
| Manufactured Products | $168M | $156M | $11.8M | +8% |
| Aerospace and Defense Technologies | $135M | $126M | $9.2M | +7% |
| Integrity Managements & Digital Solutions | $75.8M | $70.8M | $5.0M | +7% |
| Revenue | $785M | $743M | $41.7M | +6% |
| Gross profit | $165M | $153M | $11.8M | +8% |
| Cost of revenue | $620M | $590M | $29.8M | +5% |
| Operating profit | $92.2M | $86.5M | $5.6M | +7% |
| Operating expenses | $72.4M | $66.2M | $6.2M | +9% |
| Pre-tax earnings | $69.1M | $79.9M | −$10.8M | -14% |
| Other expense, net | $23.1M | $6.6M | $16.5M | +250% |
| Loss borne by minority interests | $56K | $0 | $56K | — |
| Net earnings | $52.6M | $71.3M | −$18.7M | -26% |
| Income tax | $16.5M | $8.6M | $7.9M | +92% |
| Depreciation & amortization | $26.6M | $26.1M | $455K | +2% |
| Share-based compensation | $5.3M | $3.9M | $1.4M | +36% |
| Working capital & other | $78.5M | −$47K | $78.6M | — |
| Operating cash flow | $163M | $101M | $61.8M | +61% |
| Free cash flow (OCF − capex) | $142M | $77.0M | $64.9M | +84% |
| Capital expenditures | $21.1M | $24.2M | −$3.1M | -13% |
Questions
How much did Oceaneering International's revenue grow year over year in Q3 2026?
Oceaneering International's revenue rose $41.7M (+6%) from $743M in Q3 2025 to $785M in Q3 2026.
What drove Oceaneering International's revenue change in Q3 2026?
Subsea Robotics +$14.2M (+7%); Manufactured Products +$11.8M (+8%); Aerospace and Defense Technologies +$9.2M (+7%).