<span item_type="fundamental" item_id="5ec2f2adb135396712cc339fc6656354" counter_id="ST/US/OII" env="prod"></span><span item_type="announcement" item_id="618313477415047937" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 2.784 B, missing the estimate of USD 2.797 B.</p><p>EPS: As of FY2025, the actual value is USD 3.49.</p><p>EBIT: As of FY2025, the actual value is USD 327.05 M.</p><p></p><h3>Overall Company Performance</h3><h4>Operating Income</h4><ul><li>Operating income for Oceaneering International, Inc. was $304,552 thousand in 2025, with an 11% operating income margin, compared to $246,270 thousand and a 9% margin in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Net Income</h4><ul><li>Net income increased to $353,761 thousand in 2025 from $147,468 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Cash Flow from Operating Activities</h4><ul><li>Cash flow from operating activities was $318,861 thousand in 2025, up from $203,214 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Capital Expenditures</h4><ul><li>Capital expenditures for purchases of property and equipment were $111,015 thousand in 2025, consisting of $57 million in maintenance capital expenditures and $54 million in growth capital expenditures <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>. This compares to $107,136 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Share Repurchases</h4><ul><li>Oceaneering International, Inc. repurchased 1.8 million shares for approximately $40 million in 2025, and 0.8 million shares for approximately $20 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>. As of December 31, 2025, 5.4 million shares remained for repurchase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Cash and Cash Equivalents</h4><ul><li>Cash and cash equivalents stood at $688,874 thousand as of December 31, 2025, an increase from $497,516 thousand at December 31, 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Subsea Robotics Segment</h3><h4>Operating Income</h4><ul><li>The Subsea Robotics segment reported an operating income of $257,107 thousand in 2025, achieving a 30% operating income margin, up from $235,211 thousand and a 28% margin in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li>ROV Days Available decreased slightly to 91,250 in 2025 from 91,500 in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li><li>ROV Days Utilized were 59,629 in 2025, down from 61,382 in 2024, resulting in a ROV Utilization % of 65% in 2025 compared to 67% in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li><li>The ROV fleet size remained at 250 work-class ROVs in both 2025 and 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li><li>In 2025, 64% of ROV fleet use was in drill support and 36% in vessel-based activity, a slight shift from 65% in drill support and 35% in vessel-based activity in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li><li>ROV Services Revenue consistently represented 78% of segment revenue in both 2025 and 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Manufactured Products Segment</h3><h4>Operating Income</h4><ul><li>Operating income for the Manufactured Products segment was $72,460 thousand in 2025, with a 13% operating income margin, a significant increase from $43,000 thousand and an 8% margin in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li>Backlog as of December 31, 2025, was $511,000 thousand, down from $604,000 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li><li>The book-to-bill ratio was 0.84 in 2025, a decrease from 0.97 in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li><li>Inventory write-downs of $13 million were recorded in 2025, primarily related to the theme park ride business <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Offshore Projects Group (OPG) Segment</h3><h4>Operating Income</h4><ul><li>The OPG segment’s operating income grew to $96,058 thousand in 2025, achieving a 16% operating income margin, up from $73,699 thousand and a 12% margin in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li>As of December 31, 2025, the vessel fleet included two owned and five chartered dynamically positioned deepwater vessels, along with one owned survey vessel, with five long-term charters in place <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Integrity Management &amp; Digital Solutions (IMDS) Segment</h3><h4>Operating Income</h4><ul><li>Operating income for the IMDS segment was $10,741 thousand in 2025, with a 4% operating income margin, an increase from $9,827 thousand and a 3% margin in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Aerospace and Defense Technologies (ADTech) Segment</h3><h4>Operating Income</h4><ul><li>The ADTech segment’s operating income increased to $57,744 thousand in 2025, with a 13% operating income margin, from $42,201 thousand and an 11% margin in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li>Unfunded contracted backlog as of December 31, 2025, significantly increased to $658 million from $279 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Unallocated Expenses</h3><h4>Operating Expenses (Loss)</h4><ul><li>Unallocated operating expenses (loss) were - $189,558 thousand in 2025, representing 7% of revenue, compared to - $157,668 thousand and 6% of revenue in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul><h3>Outlook / Guidance (2026)</h3><ul><li>Oceaneering International, Inc. anticipates increased consolidated revenue for 2026, driven by growth in the ADTech, Subsea Robotics, and IMDS segments <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>. Operating income is projected to grow across all segments except OPG, with overall capital expenditures expected to be between $105 million and $115 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>. The company foresees improved activity in energy-focused businesses in the latter half of the year, and continued strength in the defense business due to sustained U.S. prioritization and increasing geopolitical tensions <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73756/000007375626000016/oii-20251231.htm"></span>.</li></ul>

Oceaneering | 10-K: FY2025 Revenue Misses Estimate at USD 2.784 B