OIL STATES INTERNATIONAL, INC OIS

Industrials SIC 3533 - Oil & Gas Field Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Mining and Oil and Gas Field Machinery Manufacturing › Oil and Gas Field Machinery and Equipment Manufacturing derived NYSE

Oil States International, Inc., through its subsidiaries, is a global provider of manufactured products and services to customers in the energy, military and industrial sectors. The Company's manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in Houston, Texas with manufacturing and service facilities strategically located across the globe. Our customers include many national oil and natural gas companies, major and independent oil and natural gas companies, offshore drilling companies and other oilfield service, defense and industrial companies. We operate through three business segments – Offshore Manufactured Products, Completion and Production Services and Downhole Technologies – and maintain a leadership position with certain of our product and service offerings in each segment. In this Annual Report on Form 10‑K, references to the "Company" or "Oil States," or to "we," "us," "our," and similar terms are to Oil States International, Inc. and its consolidated subsidiaries.

Last close 8.74 2026-10-26
Market cap $527.2M 2026-06-30 share count
52-week range 5.50 - 14.50

Valuation FY2025 figures against the last close

P/S0.8x
P/E—
P/FCF7.1x
EV/EBITDA—
Dividend yield—
Diluted EPS-1.86

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Other
  • Singapore
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 410.6M (61.4%) 61% United States United Kingdom, FY2025: 120.1M (18.0%) 18% United Kingdom Other, FY2025: 84.2M (12.6%) 13% Other Singapore, FY2025: 54.1M (8.1%) 8% Singapore FY2024 United States, FY2024: 484.9M (70.0%) 70% United Kingdom, FY2024: 103.8M (15.0%) 15% Other, FY2024: 65M (9.4%) 9% Singapore, FY2024: 38.8M (5.6%) 6% FY2023 United States, FY2023: 594.8M (76.0%) 76% United Kingdom, FY2023: 81.6M (10.4%) 10% Other, FY2023: 57.7M (7.4%) 7% Singapore, FY2023: 48.1M (6.2%) 6%
Region FY2025FY2024FY2023
United States $410.6M $484.9M $594.8M
United Kingdom $120.1M $103.8M $81.6M
Other $84.2M $65.0M $57.7M
Singapore $54.1M $38.8M $48.1M

As the company reported it, from the “Segments and Related Information - Schedule of Financial Information by Geographic Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $669.0M$692.6M$782.3M$737.7M$573.2M$638.1M$1.02B$1.09B$670.6M$694.4M
Cost of revenue $535.7M$536.2M$606.9M$578.6M$470.4M$561.8M$802.6M$834.5M$520.8M$238.5M
Gross profit $133.3M$156.4M$175.4M$159.2M$102.8M$76.3M$214.8M$253.6M$149.9M$455.9M
R&D $5.1M$5.2M$4.5M$3.5M$4.4M$6.1M$7.0M$6.6M$5.3M—
SG&A $90.4M$95.0M$94.2M$96.0M$83.7M$94.1M$122.9M$138.1M$114.8M$124.0M
Total operating expenses $767.0M$694.3M$759.1M$734.8M$638.0M$1.17B$1.25B$1.09B$744.5M$763.7M
Operating income -$98.0M-$1.7M$23.2M$2.9M-$64.8M-$534.3M-$228.2M-$5.9M-$73.9M-$69.3M
Interest expense $7.7M$8.8M$9.6M$10.6M$10.3M$14.3M$17.9M$19.3M$4.7M$5.3M
Pre-tax income -$102.5M-$7.9M$15.8M-$4.1M-$73.3M-$534.3M-$240.7M-$21.7M-$77.4M-$73.3M
Income tax $6.8M$3.4M$2.9M$5.5M$9.3M$65.9M$8.9M$2.6M$7.4M$26.9M
Net income -$109.4M-$11.3M$12.9M-$9.5M-$64.0M-$468.4M-$231.8M-$19.1M-$84.8M-$46.4M
EPS, basic -1.86-0.180.20-0.15-1.06-7.83-3.90-0.33-1.69-0.92
EPS, diluted -1.86-0.180.20-0.15-1.06-7.83-3.90-0.33-1.69-0.92
Shares, diluted (wtd. avg.) 58.7M62.0M63.2M61.6M60.3M59.8M59.4M58.7M50.1M50.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $69.9M$65.4M$47.1M$42.0M$52.9M$72.0M$8.5M$19.3M$53.5M$68.8M
Receivables $202.4M$194.3M$203.2M$218.8M$186.1M$163.1M$233.5M$283.6M$216.1M$234.5M
Inventory $183.4M$214.8M$202.0M$182.7M$168.6M$170.4M$221.3M$209.4M$168.3M$175.5M
Total current assets $495.3M$498.2M$488.0M$462.8M$426.7M$423.6M$483.4M$534.0M$455.9M$490.0M
Property, plant and equipment $244.4M$266.9M$280.4M$303.8M$338.6M$383.6M$459.7M$540.4M$498.9M$553.4M
Goodwill $70.5M$69.7M$79.9M$79.3M$76.4M$76.5M$647.0M$647.0M$268.0M$263.4M
Other intangibles $31.5M$125.9M$153.0M$169.8M$185.7M$205.7M$230.1M$255.3M$50.3M$52.7M
Total assets $883.4M$1.01B$1.05B$1.06B$1.09B$1.15B$1.73B$2.00B$1.30B$1.38B
Accounts payable $68.1M$57.7M$67.5M$73.3M$63.3M$46.4M$78.4M$77.5M$49.1M$34.2M
Short-term debt $53.4M$633.0K$627.0K$17.8M$18.3M$17.8M$25.6M$25.6M$411.0K—
Total current liabilities $266.2M$157.7M$157.3M$193.7M$177.3M$162.1M$183.1M$181.0M$115.3M$107.2M
Long-term debt $1.7M$124.7M$135.5M$135.1M$160.5M$165.8M$222.6M$306.2M$4.9M$45.9M
Total liabilities $310.2M$324.5M$336.9M$374.8M$389.9M$394.6M$503.9M$564.1M$168.8M$179.6M
Retained earnings $164.3M$273.7M$284.9M$272.0M$281.6M$329.3M$797.7M$1.03B$1.05B$1.13B
Total equity $573.2M$680.7M$709.5M$689.6M$695.8M$757.6M$1.22B$1.44B$1.13B$1.20B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $105.1M$45.9M$56.6M$32.9M$7.2M$132.8M$137.4M$103.2M$95.4M$149.3M
Depreciation and amortisation $47.4M$54.7M$60.8M$67.3M$80.7M$98.5M$123.3M$123.5M$107.7M$118.7M
Stock-based compensation $7.7M$8.7M$7.0M$6.9M$7.9M$8.4M$16.8M$22.6M$23.0M$21.3M
Capital expenditure $31.2M$37.5M$30.7M$20.3M$17.5M$12.7M$56.1M$88.0M$35.2M$29.7M
Investing cash flow -$11.1M$2.7M-$25.6M-$22.7M-$6.6M-$3.7M-$52.0M-$461.4M-$47.6M-$29.3M
Financing cash flow -$90.2M-$29.5M-$26.7M-$20.3M-$19.6M-$65.0M-$95.9M$324.1M-$65.1M-$84.9M
Buybacks $16.6M$14.2M$6.9M$0$0$0$757.0K$0$16.3M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001121484-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 694.4M Gross profit, FY2016: 455.9M Net income, FY2016: -46.4M Revenue, FY2017: 670.6M Gross profit, FY2017: 149.9M Net income, FY2017: -84.8M Revenue, FY2018: 1.1B Gross profit, FY2018: 253.6M Net income, FY2018: -19.1M Revenue, FY2019: 1B Gross profit, FY2019: 214.8M Net income, FY2019: -231.8M Revenue, FY2020: 638.1M Gross profit, FY2020: 76.3M Net income, FY2020: -468.4M Revenue, FY2021: 573.2M Gross profit, FY2021: 102.8M Net income, FY2021: -64M Revenue, FY2022: 737.7M Gross profit, FY2022: 159.2M Net income, FY2022: -9.5M Revenue, FY2023: 782.3M Gross profit, FY2023: 175.4M Net income, FY2023: 12.9M Revenue, FY2024: 692.6M Gross profit, FY2024: 156.4M Net income, FY2024: -11.3M Revenue, FY2025: 669M Gross profit, FY2025: 133.3M Net income, FY2025: -109.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $694.4M $670.6M $1.09B $1.02B $638.1M $573.2M $737.7M $782.3M $692.6M $669.0M
Gross profit $455.9M $149.9M $253.6M $214.8M $76.3M $102.8M $159.2M $175.4M $156.4M $133.3M
Net income -$46.4M -$84.8M -$19.1M -$231.8M -$468.4M -$64.0M -$9.5M $12.9M -$11.3M -$109.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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