Oceaneering International vs RPC
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KIRA’s take AI analyst
I put Oceaneering International and RPC side by side, using each one’s latest annual report. Here is what stands out:
- Oceaneering International is the larger business, with $2.8B of revenue in fiscal 2025 against $1.6B for RPC, about 1.7 times as much.
- RPC grew revenue faster (15.0%, against 4.6%).
- Oceaneering International kept more of each dollar of sales as operating profit (10.9% operating margin, against 2.8%).
- Oceaneering International turned more of its sales into free cash flow (7.5% FCF margin, against 3.3%).
- Investors pay more for each dollar of RPC’s earnings: a P/E of 62.5x against 12.3x for Oceaneering International.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Oceaneering International
OII
5/9
Operating marginNet marginFCF marginReturn on equityShare count change
RPC
RES
4/9
Revenue growth5-year growthGross marginNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | OII FY25 | RES FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.1B | $1.3B |
| Revenue | $2.8B | $1.6B |
| Free cash flow | $208M | $52.9M |
| Net income | $354M | $32.1M |
| Growth | ||
| Revenue growth | 4.6% | 15.0% |
| 5-year growth | 8.8% | 22.1% |
| Share count change | −1.1% | 0.4% |
| Profitability | ||
| Gross margin | 20.4% | 24.2% |
| Operating margin | 10.9% | 2.8% |
| Net margin | 12.7% | 2.0% |
| FCF margin | 7.5% | 3.3% |
| Return on capital | 38.9% | — |
| Return on equity | 39.6% | 3.0% |
| Balance sheet | ||
| Net debt | −$209M | −$158M |
| Net debt / EBITDA | −0.5x | −0.8x |
| Dividends and buybacks | $40.3M | $38.0M |
| Valuation & quality | ||
| P/E | 12.3x | 62.5x |
| Piotroski F-score | 8 | — |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.