Oceaneering International vs Weatherford International
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KIRA’s take AI analyst
I put Oceaneering International and Weatherford International side by side, using each one’s latest annual report. Here is what stands out:
- Weatherford International is the larger business, with $4.9B of revenue in fiscal 2025 against $2.8B for Oceaneering International, about 1.8 times as much.
- Oceaneering International grew revenue faster (4.6%, against −10.8%).
- Weatherford International kept more of each dollar of sales as operating profit (15.4% operating margin, against 10.9%).
- Weatherford International turned more of its sales into free cash flow (9.2% FCF margin, against 7.5%).
- Oceaneering International earned a higher return on the capital invested in it (38.9%, against 29.7%).
- Investors pay more for each dollar of Weatherford International’s earnings: a P/E of 15.8x against 12.3x for Oceaneering International.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Oceaneering International
OII
7/10
Revenue growth5-year growthNet marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
Weatherford International
WFRD
3/10
Operating marginFCF marginShare count change
Side by side
Best in the row
| Latest fiscal year | OII FY25 | WFRD FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.1B | $6.4B |
| Revenue | $2.8B | $4.9B |
| Free cash flow | $208M | $450M |
| Net income | $354M | $431M |
| Growth | ||
| Revenue growth | 4.6% | −10.8% |
| 5-year growth | 8.8% | 5.9% |
| Share count change | −1.1% | −3.1% |
| Profitability | ||
| Gross margin | 20.4% | — |
| Operating margin | 10.9% | 15.4% |
| Net margin | 12.7% | 8.8% |
| FCF margin | 7.5% | 9.2% |
| Return on capital | 38.9% | 29.7% |
| Return on equity | 39.6% | 28.9% |
| Balance sheet | ||
| Net debt | −$209M | $498M |
| Net debt / EBITDA | −0.5x | 0.5x |
| Dividends and buybacks | $40.3M | $173M |
| Valuation & quality | ||
| P/E | 12.3x | 15.8x |
| Piotroski F-score | 8 | 6 |
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.

