Filing Flows › Oceaneering International (OII) › How it makes money
How Oceaneering International (OII) makes money
Oceaneering International (OII) made $785M of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Subsea Robotics brought in $233M (30%); Offshore Projects Group brought in $173M (22%); Manufactured Products brought in $168M (21%). Of every dollar of revenue, 21¢ was left as gross profit, 12¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subsea Robotics | $233M | 29.7% | +0.4% | +7% |
| Offshore Projects Group | $173M | 22.0% | -6% | +0.9% |
| Manufactured Products | $168M | 21.4% | +13% | +8% |
| Aerospace and Defense Technologies | $135M | 17.2% | +1% | +7% |
| Integrity Managements & Digital Solutions | $75.8M | 9.7% | +7% | +7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $785M | 100.0% |
| Cost of revenue | $620M | 79.0% |
| Gross profit | $165M | 21.0% |
| Operating expenses | $72.4M | 9.2% |
| Operating profit | $92.2M | 11.7% |
| Income tax | $16.5M | 2.1% |
| Net earnings | $52.6M | 6.7% |
| Operating cash flow | $163M | 20.8% |
| Free cash flow | $142M | 18.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $785M | +6% |
| Q2 2026 | $768M | +10% |
| Q1 2026 | $692M | +3% |
| Q4 2025 | $669M | -6% |
| Q3 2025 | $743M | +9% |
| Q2 2025 | $698M | +4% |
| Q1 2025 | $675M | +13% |
From Oceaneering International's 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Oceaneering International make money?
Oceaneering International (OII) made $785M of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Subsea Robotics brought in $233M (30%); Offshore Projects Group brought in $173M (22%); Manufactured Products brought in $168M (21%). Of every dollar of revenue, 21¢ was left as gross profit, 12¢ was left as operating profit, 7¢ was left as net earnings.
What is Oceaneering International's biggest business?
Subsea Robotics: $233M in the third quarter 2026, 30% of revenue, +7% from a year earlier.
What is Oceaneering International's profit margin?
Net earnings were $52.6M, 6.7% of revenue, in the third quarter 2026; the operating margin was 11.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.