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 vs MLI: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MLI's multiple
Needs MLI P/E.
Implied fair value · at OII's multiple
Needs OII P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: OII FY 2025 (ended Dec 31, 2025) · MLI FY 2025 (ended Dec 27, 2025). Fiscal years are not aligned.
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
Capital structure 99% equity / 1% debt · EV / Revenue 3.07x · EV / EBITDA 11.85x
MLI carries the larger enterprise value at $12.81B against $4.91B; OII trades on the lower EV / Revenue multiple (1.76x vs 3.07x); OII on the lower EV / EBITDA (11.55x vs 11.85x).
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.
MUELLER INDUSTRIES INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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.
Debt / equity
Total debt against shareholders' equity
0.46x
0.03x
Net debt / EBITDA
Leverage against operating earnings
-0.49x
-1.19x
Cash and equivalents
Liquid reserves on the balance sheet
$695.87M
$1.39B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
HELIX ENERGY SOLUTIONS GROUP INC
OII vs HLX
Baker Hughes Co
OII vs BKR
NOV Inc.
OII vs NOV
Helmerich & Payne, Inc.
OII vs HP
NABORS INDUSTRIES LTD
OII vs NBR
Transocean Ltd.
OII vs RIG
NUCOR CORP
OII vs NUE
Howmet Aerospace Inc.
OII vs HWM
KAISER ALUMINUM CORP
OII vs KALU
COMMERCIAL METALS Co
OII vs CMC
$487.42M
$101.45M
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.