Filing Flows › Oil States International (OIS) › Q2 2026 › vs Q2 2025
Oil States International (OIS) Q2 2026 vs Q2 2025 (year over year)
Oil States International's revenue fell $8.7M (-5%) from $165M in Q2 2025 to $157M in Q2 2026. The biggest changes: Offshore Manufactured Products −$13.9M (-13%); Downhole Technologies +$10.3M (+35%); Completion and Production Services −$5.2M (-18%). Operating margin 7.5% against 3.2% (+4.3 pts).
Oil States International, Q2 2026: revenue $157M (-5% year over year), operating margin 7.5%, net earnings $5.9M, operating cash flow −$6.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.5% | 3.2% | +4.3 pts |
| Net margin | 3.8% | 1.7% | +2.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Offshore Manufactured Products | $92.7M | $107M | −$13.9M | -13% |
| Downhole Technologies | $39.7M | $29.4M | $10.3M | +35% |
| Completion and Production Services | $24.3M | $29.4M | −$5.2M | -18% |
| Revenue | $157M | $165M | −$8.7M | -5% |
| Operating profit | $11.7M | $5.3M | $6.4M | +122% |
| Costs & expenses | $145M | $160M | −$15.2M | -9% |
| Pre-tax earnings | $7.9M | $4.2M | $3.7M | +88% |
| Other expense, net | $3.8M | $1.1M | $2.7M | +259% |
| Cost of revenue | $118M | $125M | −$7.4M | -6% |
| SG&A | $23.1M | $23.0M | $146K | +0.6% |
| Other operating costs | $3.9M | $11.8M | −$7.9M | -67% |
| Net earnings | $5.9M | $2.8M | $3.1M | +110% |
| Income tax | $2.0M | $1.4M | $603K | +43% |
| Operating cash sources | $23.3M | $1.7M | $21.5M | 13× |
| Depreciation & amortization | $8.1M | $11.9M | −$3.8M | -32% |
| Share-based compensation | $3.0M | $2.0M | $1.0M | +50% |
| Cash used in operations | $6.3M | −$15.0M | $21.3M | — |
| Working capital & other | $23.3M | $1.7M | $21.5M | 13× |
Questions
How much did Oil States International's revenue grow year over year in Q2 2026?
Oil States International's revenue fell $8.7M (-5%) from $165M in Q2 2025 to $157M in Q2 2026.
What drove Oil States International's revenue change in Q2 2026?
Offshore Manufactured Products −$13.9M (-13%); Downhole Technologies +$10.3M (+35%); Completion and Production Services −$5.2M (-18%).