OIS (OIS) financial statements
OIS reported revenue of $669M in fiscal 2025, down 0.4% a year over 9 years.
Net income was -$109M and the operating margin -14.6%, against -10.0% in 2016.
Free cash flow was $74M, and the company returned $17M in net buybacks.
The diluted share count rose 17% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OIS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $694M | $671M | $1.1B | $1.0B | $638M | $573M | $738M | $782M | $693M | $669M |
| Cost of revenue | $288M | $521M | $835M | $803M | $562M | $470M | $579M | $607M | $536M | $536M |
| Gross profit | $406M | $150M | $254M | $215M | $76M | $103M | $159M | $175M | $156M | $133M |
| Research and development | — | $5M | $7M | $7M | $6M | $4M | $4M | $4M | $5M | $5M |
| Selling, general and admin | $124M | $115M | $138M | $123M | $94M | $84M | $96M | $94M | $95M | $90M |
| Operating income | -$69M | -$74M | -$6M | -$228M | -$534M | -$65M | $3M | $23M | -$2M | -$98M |
| Interest expense | $5M | $5M | $19M | $18M | $14M | $10M | $11M | $10M | $9M | $8M |
| Pre-tax income | -$73M | -$77M | -$22M | -$241M | -$534M | -$73M | -$4M | $16M | -$8M | -$103M |
| Income tax | -$27M | $7M | -$3M | -$9M | -$66M | -$9M | $5M | $3M | $3M | $7M |
| Net income | -$46M | -$85M | -$19M | -$232M | -$468M | -$64M | -$10M | $13M | -$11M | -$109M |
| EPS (diluted) | -$0.92 | -$1.69 | -$0.33 | -$3.90 | -$7.83 | -$1.06 | -$0.15 | $0.20 | -$0.18 | -$1.86 |
| Diluted shares | 50M | 50M | 59M | 59M | 60M | 60M | 62M | 63M | 62M | 59M |
| Gross margin | 58.5% | 22.3% | 23.3% | 21.1% | 12.0% | 17.9% | 21.6% | 22.4% | 22.6% | 19.9% |
| Operating margin | -10.0% | -11.0% | -0.5% | -22.4% | -83.7% | -11.3% | 0.4% | 3.0% | -0.2% | -14.6% |
| Net margin | -6.7% | -12.7% | -1.8% | -22.8% | -73.4% | -11.2% | -1.3% | 1.6% | -1.6% | -16.3% |
Balance sheet
Fiscal years, from OIS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $69M | $53M | $19M | $8M | $72M | $53M | $42M | $47M | $65M | $70M |
| Receivables | $235M | $216M | $284M | $233M | $163M | $186M | $219M | $203M | $194M | $202M |
| Inventory | $175M | $168M | $209M | $221M | $170M | $169M | $183M | $202M | $215M | $183M |
| Total current assets | $490M | $456M | $534M | $483M | $424M | $427M | $463M | $488M | $498M | $495M |
| Property, plant and equipment | $553M | $499M | $540M | $460M | $384M | $339M | $304M | $280M | $267M | $244M |
| Goodwill | $263M | $268M | $647M | $482M | $76M | $76M | $79M | $80M | $70M | $71M |
| Total assets | $1.4B | $1.3B | $2.0B | $1.7B | $1.2B | $1.1B | $1.1B | $1.0B | $1.0B | $883M |
| Total current liabilities | $107M | $115M | $181M | $183M | $162M | $177M | $194M | $157M | $158M | $266M |
| Long-term debt | $45M | $5M | $306M | $223M | $166M | $160M | $135M | $136M | $125M | $2M |
| Total liabilities | $180M | $169M | $564M | $504M | $395M | $390M | $375M | $337M | $324M | $310M |
| Shareholders' equity | $1.2B | $1.1B | $1.4B | $1.2B | $758M | $696M | $690M | $710M | $681M | $573M |
| Net debt | -$23M | -$48M | $312M | $240M | $112M | $126M | $111M | $89M | $60M | -$15M |
Cash flow
Fiscal years, from OIS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $149M | $95M | $103M | $137M | $133M | $7M | $33M | $57M | $46M | $105M |
| Capital spending | $30M | $35M | $88M | $56M | $13M | $18M | $20M | $31M | $38M | $31M |
| Free cash flow | $120M | $60M | $15M | $81M | $120M | -$10M | $13M | $26M | $8M | $74M |
| Stock-based compensation | $21M | $23M | $23M | $17M | $8M | $8M | $7M | $7M | $9M | $8M |
| Share buybacks (net) | $0 | -$16M | $0 | -$757,000 | $0 | $0 | $0 | -$7M | -$14M | -$17M |
| Free cash flow margin | 17.2% | 9.0% | 1.4% | 8.0% | 18.8% | -1.8% | 1.7% | 3.3% | 1.2% | 11.1% |
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Open OIS in InvestinglyQuestions
What was OIS's revenue in 2025?
$669M in fiscal 2025, from its 10-K filing.
How much free cash flow does OIS generate?
$74M in fiscal 2025 (operating cash flow minus capital spending).
From OIS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.