Oceaneering (OII) Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 19, 2026
AI-Generated Deep Dive Summary
Oceaneering International (OII) reported strong financial performance in its Q4 2025 earnings call, driven by significant cash growth and robust demand across key segments. The company’s year-end cash balance rose to $689 million, a 38% increase, enhancing its financial flexibility. Full-year order intake reached $3.7 billion, with a book-to-bill ratio of 1.33, indicating expanding demand. While consolidated revenue fell 6% to $669 million due to lower offshore project activity, growth in the Aerospace and Defense Technologies (AdTech) segment partially offset the decline. Notably, net income jumped 217% to $178 million, or $1.76 per share, primarily due to a $156 million discrete tax benefit from the release of U.S. valuation allowances.
The company’s ROV performance remained stellar, achieving 99% uptime for the seventh time in ten years. Revenue per ROV utilized increased by 7%, reaching $11,210, with utilization shifting to 67% drill support and 33% vessel services. The AdTech segment delivered its largest-ever initial contract and saw significant revenue growth of 43% year-over-year, driven by strong demand in defense and aerospace. Meanwhile, the Manufactured Products backlog stood at $511 million, though book-to-bill ratios declined slightly due to project
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Originally published on The Motley Fool on 2/19/2026