Oil States International, Inc., through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide. The company operates through three segments, Completion and Production Services, Downhole Technologies, and Offshore Manufactured Products. The Completion and Production Services segment offers a range of equipment and services that are used to establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations. This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies. The Offshore Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, managed pressure drilling systems, deepwater mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products. This segment also provides short-cycle products; and other products for use in industrial, military, alternative energy, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services. The company serves various national oil and natural gas, major and independent oil and natural gas, offshore drilling and other oilfield service, and defense and industrial companies. The company was incorporated in 1995 and is headquartered in Houston, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $669M | $-47M | $-109M | $74M | -19.1% | -3.4% | 871.5% |
| 2024 | $693M | $56M | $-11M | $8M | -1.7% | -11.5% | -187.3% |
| 2023 | $782M | $86M | $13M | $26M | 1.8% | 6.0% | -235.1% |
| 2022 | $738M | $74M | $-10M | $13M | -1.4% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 737.71 | 782.28 | 692.59 | 668.99 |
| Operating Revenue | - | 737.71 | 782.28 | 692.59 | 668.99 |
| Cost Of Revenue | - | 645.89 | 667.67 | 590.91 | 583.17 |
| Gross Profit | - | 91.82 | 114.62 | 101.68 | 85.82 |
| Operating Expense | - | 88.91 | 91.45 | 78.81 | 83.46 |
| Selling General And Administration | - | 96.04 | 94.18 | 95.01 | 90.42 |
| Total Expenses | - | 734.80 | 759.12 | 669.72 | 666.64 |
| Operating Income | - | 2.90 | 23.16 | 22.86 | 2.35 |
| Total Operating Income As Reported | - | 2.90 | 23.16 | -1.69 | -97.97 |
| EBITDA | - | 73.84 | 86.17 | 55.66 | -47.38 |
| Normalized EBITDA | - | 73.84 | 86.17 | 80.21 | 52.94 |
| EBIT | - | 6.51 | 25.39 | 0.95 | -94.82 |
| Interest Income | - | 0.29 | 1.38 | 1.07 | 1.86 |
| Interest Expense | - | 10.57 | 9.57 | 8.80 | 7.71 |
| Net Interest Income | - | -10.28 | -8.19 | -7.73 | -5.85 |
| Other Non Operating Income Expenses | - | 3.32 | 0.85 | 1.57 | 1.29 |
| Other Income Expense | - | 3.32 | 0.85 | -22.99 | -99.03 |
| Interest Income Non Operating | - | 0.29 | 1.38 | 1.07 | 1.86 |
| Interest Expense Non Operating | - | 10.57 | 9.57 | 8.80 | 7.71 |
| Net Non Operating Interest Income Expense | - | -10.28 | -8.19 | -7.73 | -5.85 |
| Pretax Income | - | -4.06 | 15.82 | -7.85 | -102.53 |
| Tax Provision | - | 5.48 | 2.93 | 3.41 | 6.84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -5.16 | -21.07 |
| Net Income Continuous Operations | - | -9.54 | 12.89 | -11.26 | -109.38 |
| Net Income From Continuing And Discontinued Operation | - | -9.54 | 12.89 | -11.26 | -109.38 |
| Net Income From Continuing Operation Net Minority Interest | - | -9.54 | 12.89 | -11.26 | -109.38 |
| Net Income | - | -9.54 | 12.89 | -11.26 | -109.38 |
| Net Income Common Stockholders | - | -9.54 | 12.64 | -11.26 | -109.38 |
| Net Income Including Noncontrolling Interests | - | -9.54 | 12.89 | -11.26 | -109.38 |
| Normalized Income | - | -9.54 | 12.89 | 8.14 | -30.12 |
| Diluted NI Availto Com Stockholders | - | -9.54 | 12.64 | -11.26 | -109.38 |
| Basic Average Shares | - | 61.64 | 62.69 | 62 | 58.70 |
| Diluted Average Shares | - | 61.64 | 63.15 | 62 | 58.70 |
| Reconciled Depreciation | - | 67.33 | 60.78 | 54.71 | 47.44 |
| Reconciled Cost Of Revenue | - | 645.89 | 667.67 | 590.91 | 583.17 |
| Total Unusual Items | - | 0 | 0 | -24.55 | -100.32 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -24.55 | -100.32 |
| Special Income Charges | - | 0 | 0 | -24.55 | -100.32 |
| Write Off | - | - | - | - | 7.08 |
| Impairment Of Capital Assets | - | 0 | 0 | 24.55 | 93.25 |
| Other Operating Expenses | - | -7.13 | -2.73 | -16.20 | -6.96 |
| Otherunder Preferred Stock Dividend | - | 0 | 0.25 | 0 | 0 |
| Average Dilution Earnings | - | 0 | 0 | 0 | 0 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Oil States International, Inc.this co. | OIS | $523M | - | 0.91 | -19.1% | - |
| Core Laboratories Inc. | CLB | $630M | 21.22 | 2.37 | 11.2% | 10.84 |
| W&T Offshore, Inc. | WTI | $610M | -4.06 | -3.05 | 75.1% | 9.56 |
| Forum Energy Technologies, Inc. | FET | $606M | -62.77 | 2.08 | -3.3% | 11.53 |
| VAALCO Energy, Inc. | EGY |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $600M |
| -14.50 |
| 1.35 |
| -9.3% |
| 7.50 |
| SandRidge Energy, Inc. | SD | $578M | 8.23 | 1.13 | 13.7% | 4.32 |
| Natural Gas Services Group, Inc. | NGS | $521M | 26.15 | 1.90 | 7.3% | 9.94 |
| Clean Energy Fuels Corp. | CLNE | $443M | -1.99 | 0.79 | -39.7% | -8.26 |
| Summit Midstream Corporation | SMC | $415M | -217.87 | 0.95 | -0.4% | 7.00 |
| Peer Median | - | -3.03 | 1.24 | 3.4% | 8.53 | |
Historically, Jan has averaged the highest return (+11.5%); Apr the lowest (-17.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +25.1%Positive MonthJan 2026: +25.11% | +54.5%Positive MonthFeb 2026: +54.55% | -11.1%Negative MonthMar 2026: -11.08% | -1.4%Neutral MonthApr 2026: -1.37% | -26.0%Negative MonthMay 2026: -25.96% | -5.8%Negative MonthJun 2026: -5.76% | +1.2%Neutral MonthJul 2026: +1.25% | +9.5%*Positive MonthAug 2026: +9.49% | — | — | — | — |
| 2025 | +0.4%Neutral MonthJan 2025: +0.40% | +7.1%Positive MonthFeb 2025: +7.09% | -5.3%Negative MonthMar 2025: -5.33% | -31.8%Negative MonthApr 2025: -31.84% | +23.9%Positive MonthMay 2025: +23.93% | +23.2%Positive MonthJun 2025: +23.22% | -6.9%Negative MonthJul 2025: -6.90% | +12.2%Positive MonthAug 2025: +12.22% | +8.2%Positive MonthSep 2025: +8.21% | -1.5%Neutral MonthOct 2025: -1.49% | +5.5%Positive MonthNov 2025: +5.53% | +7.5%Positive MonthDec 2025: +7.46% |
| 2024 | -9.1%Negative MonthJan 2024: -9.13% | -12.6%Negative MonthFeb 2024: -12.64% | +14.3%Positive MonthMar 2024: +14.29% | -35.2%Negative MonthApr 2024: -35.23% | +12.0%Positive MonthMay 2024: +12.03% | -0.7%Neutral MonthJun 2024: -0.67% | +28.8%Positive MonthJul 2024: +28.83% | -7.5%Negative MonthAug 2024: -7.52% | -13.0%Negative MonthSep 2024: -13.04% | +2.8%Positive MonthOct 2024: +2.83% | +16.3%Positive MonthNov 2024: +16.28% | -8.0%Negative MonthDec 2024: -8.00% |
| 2023 | +14.7%Positive MonthJan 2023: +14.75% | +6.7%Positive MonthFeb 2023: +6.66% | -8.8%Negative MonthMar 2023: -8.76% | -15.5%Negative MonthApr 2023: -15.49% | -9.7%Negative MonthMay 2023: -9.66% | +17.5%Positive MonthJun 2023: +17.45% | +7.6%Positive MonthJul 2023: +7.63% | -2.5%Negative MonthAug 2023: -2.49% | +6.8%Positive MonthSep 2023: +6.76% | -13.3%Negative MonthOct 2023: -13.26% | -5.1%Negative MonthNov 2023: -5.10% | -1.5%Neutral MonthDec 2023: -1.45% |
| 2022 | +26.2%Positive MonthJan 2022: +26.16% | -16.6%Negative MonthFeb 2022: -16.59% | +32.9%Positive MonthMar 2022: +32.89% | -2.7%Negative MonthApr 2022: -2.73% | +14.5%Positive MonthMay 2022: +14.50% | -30.0%Negative MonthJun 2022: -29.97% | -5.9%Negative MonthJul 2022: -5.90% | -3.9%Negative MonthAug 2022: -3.92% | -20.6%Negative MonthSep 2022: -20.61% | +66.3%Positive MonthOct 2022: +66.32% | +4.3%Positive MonthNov 2022: +4.33% | +10.5%Positive MonthDec 2022: +10.52% |
| 2021 | — | — | — | — | +14.6%Positive MonthMay 2021: +14.62% | +22.1%Positive MonthJun 2021: +22.08% | -27.9%Negative MonthJul 2021: -27.90% | +3.5%Positive MonthAug 2021: +3.53% | +9.0%Positive MonthSep 2021: +9.04% | -5.2%Negative MonthOct 2021: -5.16% | -16.5%Negative MonthNov 2021: -16.50% | -1.8%Neutral MonthDec 2021: -1.78% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.