--- title: "Oceaneering | 10-K: FY2025 Revenue Misses Estimate at USD 2.784 B" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/276486541.md" datetime: "2026-02-20T21:18:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276486541.md) - [en](https://longbridge.com/en/news/276486541.md) - [zh-HK](https://longbridge.com/zh-HK/news/276486541.md) --- > 支持的语言: [English](https://longbridge.com/en/news/276486541.md) | [繁體中文](https://longbridge.com/zh-HK/news/276486541.md) # Oceaneering | 10-K: FY2025 Revenue Misses Estimate at USD 2.784 B Revenue: As of FY2025, the actual value is USD 2.784 B, missing the estimate of USD 2.797 B. EPS: As of FY2025, the actual value is USD 3.49. EBIT: As of FY2025, the actual value is USD 327.05 M. ### Overall Company Performance #### Operating Income - 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 . #### Net Income - Net income increased to $353,761 thousand in 2025 from $147,468 thousand in 2024 . #### Cash Flow from Operating Activities - Cash flow from operating activities was $318,861 thousand in 2025, up from $203,214 thousand in 2024 . #### Capital Expenditures - 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 . This compares to $107,136 thousand in 2024 . #### Share Repurchases - 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 . As of December 31, 2025, 5.4 million shares remained for repurchase . #### Cash and Cash Equivalents - Cash and cash equivalents stood at $688,874 thousand as of December 31, 2025, an increase from $497,516 thousand at December 31, 2024 . ### Subsea Robotics Segment #### Operating Income - 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 . #### Operational Metrics - ROV Days Available decreased slightly to 91,250 in 2025 from 91,500 in 2024 . - 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 . - The ROV fleet size remained at 250 work-class ROVs in both 2025 and 2024 . - 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 . - ROV Services Revenue consistently represented 78% of segment revenue in both 2025 and 2024 . ### Manufactured Products Segment #### Operating Income - 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 . #### Operational Metrics - Backlog as of December 31, 2025, was $511,000 thousand, down from $604,000 thousand in 2024 . - The book-to-bill ratio was 0.84 in 2025, a decrease from 0.97 in 2024 . - Inventory write-downs of $13 million were recorded in 2025, primarily related to the theme park ride business . ### Offshore Projects Group (OPG) Segment #### Operating Income - 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 . #### Operational Metrics - 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 . ### Integrity Management & Digital Solutions (IMDS) Segment #### Operating Income - 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 . ### Aerospace and Defense Technologies (ADTech) Segment #### Operating Income - 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 . #### Operational Metrics - Unfunded contracted backlog as of December 31, 2025, significantly increased to $658 million from $279 million in 2024 . ### Unallocated Expenses #### Operating Expenses (Loss) - 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 . ### Outlook / Guidance (2026) - Oceaneering International, Inc. anticipates increased consolidated revenue for 2026, driven by growth in the ADTech, Subsea Robotics, and IMDS segments . Operating income is projected to grow across all segments except OPG, with overall capital expenditures expected to be between $105 million and $115 million . 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 . ### 相关股票 - [Oceaneering (OII.US)](https://longbridge.com/zh-CN/quote/OII.US.md) ## 相关资讯与研究 - [Sri Lotus Developers Grants 1.2 Million ESOPs Under 2024 Scheme](https://longbridge.com/zh-CN/news/281348606.md) - [SecUR Credentials Files SEBI Demat Compliance Certificate for December 2024 Quarter](https://longbridge.com/zh-CN/news/280883635.md) - [Zai Lab Expands Employee Equity Awards Under 2024 Incentive Plan](https://longbridge.com/zh-CN/news/281557795.md) - [Grown Rogue Announces Preliminary 2025 Results, Revenue $32.4M, Adjusted EBITDA $5.3M; Full Filing Rescheduled](https://longbridge.com/zh-CN/news/281344326.md) - [Steven Richards to Retire from Shimmick Board at 2026 Annual Meeting](https://longbridge.com/zh-CN/news/281165259.md)