Oceaneering International (OII) vs Tidewater (TDW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Oceaneering International (OII) has outperformed Tidewater (TDW) over the past year, gaining 84.1% versus a gain of 59.9%. Over five years, TDW leads with a +578.1% price change compared with +191.6% for OII. Oceaneering International is the larger company by market cap ($4.46 billion vs $4.23 billion), about 1.1 times the size.
On valuation, Tidewater trades at a lower forward P/E (14.2x vs 19.3x for Oceaneering International). Tidewater converts more of its revenue into profit, with a net margin of 24.7% versus 12.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | OII | TDW |
|---|---|---|
| Share price | $44.83 | $85.11 |
| Market cap | $4.46B | $4.23B |
| 1-day change | +0.56% | +0.48% |
| YTD return | +85.52% | +67.69% |
| 1-year return | +84.14% | +59.93% |
| 5-year return | +191.56% | +578.14% |
| P/E ratio (TTM) | 12.96 | 17.33 |
| Forward P/E | 19.33 | 14.15 |
| EPS (TTM) | $3.46 | $4.91 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $2.78B | $1.35B |
| Revenue growth (YoY) | +4.62% | +0.52% |
| Net income (latest FY) | $353.76M | $334.66M |
| Gross margin | 20.42% | — |
| Operating margin | 10.94% | 20.89% |
| Net margin | 12.71% | 24.74% |
| 52-week high | $54.25 | $101.58 |
| 52-week low | $22.02 | $46.65 |
| Distance from 52-week high | -17.36% | -16.21% |
| Analyst consensus | none | none |
| Avg. price target upside | +2.61% | +11.48% |
| Average volume | 973.35K | 606.17K |
| Shares outstanding | 99.53M | 49.76M |
| Employees | 11,100 | 7,300 |
| Sector | Energy | Consumer Discretionary |
| Industry | Oilfield Services/Equipment | Marine Transportation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- OII has outperformed TDW by 24.2 percentage points over the past year.
- Tidewater trades at a higher earnings multiple (17.3x vs 13.0x trailing P/E).
- Tidewater is more profitable, keeping 24.7 cents of every revenue dollar as net income versus 12.7 cents for Oceaneering International.
- The two companies sit in different sectors: Oceaneering International in Energy and Tidewater in Consumer Discretionary.
About Oceaneering International
OII stock →Oceaneering International, Inc. provides engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally.
Energy · Oilfield Services/Equipment · 11,100 employees
About Tidewater
TDW stock →Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company operates through five segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa.
Consumer Discretionary · Marine Transportation · 7,300 employees
OII vs TDW FAQ
Which is bigger, Oceaneering International or Tidewater?
Oceaneering International (OII) is larger, with a market capitalization of $4.46B compared with $4.23B for Tidewater (TDW).
Which stock has performed better over the past year, OII or TDW?
OII returned +84.14% over the past 12 months, compared with +59.93% for TDW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, OII or TDW?
OII has the lower trailing P/E at 13.0, versus 17.3 for TDW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Oceaneering International and Tidewater in the same industry?
No. Oceaneering International is in the Energy sector, while Tidewater is in Consumer Discretionary.