0000073756-26-000016
SEC filingOceaneering International, Inc. (OII) reported strong financial results for fiscal year 2025, ending December 31, 2025. The company generated $2.78 billion in revenue with a gross margin of $568.4 million, resulting in operating income of $304.6 million and net income of $353.8 million. The company's profitability was enhanced by a significant income tax benefit of -$67.9 million. Basic earnings per share reached $4.00. The balance sheet shows total assets of $2.67 billion, with strong liquidity evidenced by $688.9 million in cash and cash equivalents. Operating cash flow was robust at $318.9 million, supporting capital expenditures of $111.0 million and business acquisitions of $27.1 million. The company maintained a solid equity position of $1.08 billion while managing long-term debt of $487.4 million. These results demonstrate effective operational execution and financial management in the current market environment.
Oceaneering International, Inc. delivered solid financial performance for fiscal year 2025, reporting revenue of $2.78 billion. The company achieved a gross margin of $568.4 million, representing a gross margin percentage of 20.4%. Operating income reached $304.6 million, resulting in an operating margin of 11.0%. Net income was $353.8 million, significantly boosted by an income tax benefit of -$67.9 million. Basic earnings per share stood at $4.00 based on 100.2 million weighted average shares outstanding. The company's profitability metrics demonstrate effective cost management and operational efficiency throughout the fiscal year.
The company generated $2.78 billion in total revenue for fiscal year 2025. The cost of services and products was $2.22 billion, resulting in a gross profit of $568.4 million. The document does not provide segment breakdown or geographic mix data for revenue analysis. No specific growth drivers or segment performance details are disclosed in the provided financial data. The revenue figure represents the company's total top-line performance across all business activities during the fiscal year.
The company maintained healthy profitability margins throughout fiscal year 2025. The gross margin percentage was 20.4%, calculated from $568.4 million gross profit on $2.78 billion revenue. Operating margin was 11.0%, derived from $304.6 million operating income. Selling, general and administrative expenses totaled $263.9 million, representing 9.5% of revenue. The company benefited from equity earnings of unconsolidated affiliates of $1.0 million and recorded interest expense of $37.0 million, net of amounts capitalized. The significant income tax benefit of -$67.9 million contributed substantially to the net income margin of 12.7%.
The company generated strong operating cash flow of $318.9 million for fiscal year 2025. Net cash used in investing activities was -$96.2 million, primarily due to $111.0 million in property and equipment purchases and $27.1 million in business acquisitions. Financing activities used -$45.6 million in cash, including $40.3 million for treasury stock purchases. The balance sheet shows total assets of $2.67 billion, with current assets of $1.51 billion including $688.9 million in cash and cash equivalents. Total current liabilities were $761.7 million, resulting in a current ratio of approximately 2.0. Long-term debt stood at $487.4 million, while total shareholders' equity was $1.08 billion including noncontrolling interest.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors for future periods. The document focuses exclusively on historical financial results for fiscal year 2025 without forward-looking statements. Investors should refer to the complete 10-K filing for comprehensive discussion of business outlook, market conditions, and risk factors that may affect future performance. The company's strong cash position of $688.9 million and operating cash flow generation provide financial flexibility for future investments and operations.