OIL STATES INTERNATIONAL, INC OIS
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.18 | 0.20 | -0.15 | -1.06 | -7.83 | -3.90 | -0.33 | -1.69 | -0.92 |
| EPS, diluted | -1.86 | -0.18 | 0.20 | -0.15 | -1.06 | -7.83 | -3.90 | -0.33 | -1.69 | -0.92 |
| Shares, diluted (wtd. avg.) | $58.7M | $62.0M | $63.2M | $61.6M | $60.3M | $59.8M | $59.4M | $58.7M | $50.1M | $50.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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