Oceaneering International Inc
$4.91B- Market cap
- $5.12B
- Debt
- +$487.42M
- Cash
- −$695.87M
Capital structure 91% equity / 9% debt · EV / Revenue 1.76x · EV / EBITDA 11.55x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: OII stock price at premium vs LNC $51.42 current versus $27.23 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at LNC's multiple
Implied fair value · at OII's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: OII FY 2025 (ended Dec 31, 2025) · LNC FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 91% equity / 9% debt · EV / Revenue 1.76x · EV / EBITDA 11.55x
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 57% equity / 43% debt
LNC carries the larger enterprise value at $15.37B against $4.91B; LNC trades on the lower EV / Revenue multiple (0.84x vs 1.76x); LNC on the lower EV / EBITDA (9.18x vs 11.55x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
OCEANEERING INTERNATIONAL INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
LINCOLN NATIONAL CORP · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.46x
0.61x
Net debt / EBITDA
Leverage against operating earnings
-0.49x
—
Cash and equivalents
Liquid reserves on the balance sheet
$695.87M
—
Total debt
Interest-bearing obligations outstanding
$487.42M
$6.66B
Comparable set
Where the pair sits against the wider comparable set.
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