Oceaneering International Inc
$4.86B- Market cap
- $5.07B
- Debt
- +$487.42M
- Cash
- −$695.87M
Capital structure 91% equity / 9% debt · EV / Revenue 1.75x · EV / EBITDA 11.44x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: OII stock price at discount vs THRM $50.92 current versus $232.06 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 THRM's multiple
Implied fair value · at OII's multiple
Snapshot Sep 8, 2026, 2:52 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: OII FY 2025 (ended Dec 31, 2025) · THRM 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 1.75x · EV / EBITDA 11.44x
Capital structure 86% equity / 14% debt · EV / Revenue 0.82x · EV / EBITDA 13.08x
OII carries the larger enterprise value at $4.86B against $1.23B; THRM trades on the lower EV / Revenue multiple (0.82x vs 1.75x); OII on the lower EV / EBITDA (11.44x vs 13.08x).
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.
Gentherm Inc · implied price per share
Bear
$17.25
Base
$20.46
Bull
$24.63
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
0.26x
Net debt / EBITDA
Leverage against operating earnings
-0.49x
0.30x
Cash and equivalents
Liquid reserves on the balance sheet
$695.87M
$160.83M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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