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American multinational corporation based in Allen Center1
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.3 Its shares trade on NYSE under the symbol OIS.1Wikipedia text CC BY-SA 4.0
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue101112139$669.0M in 2025−34% since 2019Operating income101112139-$98.0M in 2025−57% since 2019Net income101112139-$109.4M in 2025−53% since 2019
Revenue1415$156.7M in Q2 FY2026+8% since Q1 FY2026Operating income1415$11.7M in Q2 FY2026+174% since Q1 FY2026Net income1415$5.9M in Q2 FY2026+433% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Revenues
$669.0M
$692.6M
$782.3M
Cost of revenues (exclusive of depreciation and amortization expense presented below)
$535.7M
$536.2M
$606.9M
Selling, general and administrative expense
$90.4M
$95.0M
$94.2M
Depreciation and amortization expense
$47.4M
$54.7M
$60.8M
Long-lived and other asset impairments
$100.3M
$24.6M
$0
Other operating income, net
-$7.0M
-$16.2M
-$2.7M
Costs and expenses
$767.0M
$694.3M
$759.1M
Operating income (loss)
-$98.0M
-$1.7M
$23.2M
Interest expense
-$7.7M
-$8.8M
-$9.6M
Interest income
$1.9M
$1.1M
$1.4M
Other income, net
$1.3M
$1.6M
$849.0K
Income (loss) before income taxes
-$102.5M
-$7.9M
$15.8M
Income tax provision
-$6.8M
-$3.4M
-$2.9M
Net income (loss)
-$109.4M
-$11.3M
$12.9M
Basic (in dollars per share)
-$1.86
-$0.18
$0.20
Diluted (in dollars per share)
-$1.86
-$0.18
$0.20
Basic (in shares)
58.7M shares
62.0M shares
62.7M shares
Diluted (in shares)
58.7M shares
62.0M shares
63.2M shares
No quarter-by-quarter statement was filed.
Total assets101112139$883.4M in 2025−49% since 2019Total liabilities16101112139$310.2M in 2025−38% since 2019Shareholders’ equity1112139$573.2M in 2025−53% since 2019Cash16101112139$69.9M in 2025+723% since 2019Long-term debt161112139$1.7M in 2025−99% since 2019
Total assets1415$839.5M in Q2 FY2026−5% since Q1 FY2025Total liabilities1415$258.1M in Q2 FY2026−17% since Q1 FY2025Shareholders’ equity1415$581.4M in Q2 FY2026+1% since Q1 FY2025Cash1415$19.8M in Q2 FY2026−72% since Q1 FY2025Long-term debt1415$17.8M in Q2 FY2026+965% since Q1 FY2025
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2024-10-31
2023-12-31
2022-12-31
Cash and cash equivalents
$69.9M
$65.4M
Accounts receivable, net
$202.4M
$194.3M
Inventories, net
$183.4M
$214.8M
Assets held for sale
$17.4M
$6.5M
Prepaid expenses and other current assets
$22.2M
$17.2M
Total current assets
$495.3M
$498.2M
Property, plant, and equipment, net
$244.4M
$266.9M
Operating lease assets, net
$12.7M
$19.5M
Goodwill, net
$70.5M
$69.7M
$79.9M
Other intangible assets, net
$31.5M
$125.9M
Other noncurrent assets
$29.0M
$24.9M
Total assets
$883.4M
$1.0B
$1.0B
Current portion of long-term debt
$53.4M
$633.0K
Accounts payable
$68.1M
$57.7M
Accrued liabilities
$38.5M
$36.9M
Current operating lease liabilities
$7.3M
$7.3M
Income taxes payable
$1.8M
$2.8M
Deferred revenue
$97.2M
$52.4M
Total current liabilities
$266.2M
$157.7M
Long-term debt
$1.7M
$124.7M
Long-term operating lease liabilities
$12.7M
$18.0M
Deferred income taxes
$5.8M
$5.3M
Other noncurrent liabilities
$24.0M
$18.8M
Total liabilities
$310.2M
$324.5M
Common stock, $.01 par value, 200,000,000 shares authorized, 80,538,758 shares and 78,605,848 shares issued, respectively
$805.0K
$786.0K
Additional paid-in capital
$1.1B
$1.1B
Retained earnings
$164.3M
$273.7M
Accumulated other comprehensive loss
-$66.3M
-$79.5M
Treasury stock, at cost, 20,882,840 and 17,112,853 shares, respectively
-$671.3M
-$652.2M
Total stockholders equity
$573.2M
$680.7M
$709.5M
$689.6M
Total liabilities and stockholders equity
$883.4M
$1.0B
Common stock, par value (in dollars per share)
$0.01
$0.01
$0.01
Common stock, shares authorized (in shares)
200.0M shares
200.0M shares
Common stock, shares issued (in shares)
80.5M shares
78.6M shares
77.2M shares
Treasury stock, shares (in shares)
20.9M shares
17.1M shares
13.9M shares
Period ending
2025-12-31
2024-12-31
2024-10-31
2023-12-31
2022-12-31
Cash and cash equivalents
$69.9M
$65.4M
Accounts receivable, net
$202.4M
$194.3M
Inventories, net
$183.4M
$214.8M
Assets held for sale
$17.4M
$6.5M
Prepaid expenses and other current assets
$22.2M
$17.2M
Total current assets
$495.3M
$498.2M
Property, plant, and equipment, net
$244.4M
$266.9M
Operating lease assets, net
$12.7M
$19.5M
Goodwill, net
$70.5M
$69.7M
$79.9M
Other intangible assets, net
$31.5M
$125.9M
Other noncurrent assets
$29.0M
$24.9M
Total assets
$883.4M
$1.0B
$1.0B
Current portion of long-term debt
$53.4M
$633.0K
Accounts payable
$68.1M
$57.7M
Accrued liabilities
$38.5M
$36.9M
Current operating lease liabilities
$7.3M
$7.3M
Income taxes payable
$1.8M
$2.8M
Deferred revenue
$97.2M
$52.4M
Total current liabilities
$266.2M
$157.7M
Long-term debt
$1.7M
$124.7M
Long-term operating lease liabilities
$12.7M
$18.0M
Deferred income taxes
$5.8M
$5.3M
Other noncurrent liabilities
$24.0M
$18.8M
Total liabilities
$310.2M
$324.5M
Common stock, $.01 par value, 200,000,000 shares authorized, 80,538,758 shares and 78,605,848 shares issued, respectively
$805.0K
$786.0K
Additional paid-in capital
$1.1B
$1.1B
Retained earnings
$164.3M
$273.7M
Accumulated other comprehensive loss
-$66.3M
-$79.5M
Treasury stock, at cost, 20,882,840 and 17,112,853 shares, respectively
-$671.3M
-$652.2M
Total stockholders equity
$573.2M
$680.7M
$709.5M
$689.6M
Total liabilities and stockholders equity
$883.4M
$1.0B
Common stock, par value (in dollars per share)
$0.01
$0.01
$0.01
Common stock, shares authorized (in shares)
200.0M shares
200.0M shares
Common stock, shares issued (in shares)
80.5M shares
78.6M shares
77.2M shares
Treasury stock, shares (in shares)
20.9M shares
17.1M shares
13.9M shares
Cash from operations101112139$105.1M in 2025−24% since 2019Capital spending1011$20.3M in 2022−64% since 2019Free cash flow10111213$12.6M in 2022−85% since 2019Share buybacks1012139$16.6M in 2025+2094% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income (loss)
-$109.4M
-$11.3M
$12.9M
Depreciation and amortization expense
$47.4M
$54.7M
$60.8M
Impairments of long-lived assets, goodwill and assets held for sale
$100.3M
$24.6M
$0
Impairment of inventories
$20.8M
$0
$0
Stock-based compensation expense
$7.7M
$8.7M
$7.0M
Amortization of deferred financing costs
$1.5M
$1.5M
$1.8M
Deferred income tax provision (benefit)
$585.0K
-$2.4M
$226.0K
Gains on disposals of assets
-$7.7M
-$18.3M
-$4.1M
Net gains on extinguishment of 4.75% convertible senior notes
-$120.0K
-$515.0K
$0
Other, net
-$2.4M
-$452.0K
-$1.0M
Accounts receivable
-$4.1M
$5.2M
$17.1M
Inventories
$3.2M
-$14.7M
-$19.8M
Accounts payable and accrued liabilities
$5.9M
-$19.4M
-$11.7M
Deferred revenue
$44.8M
$15.6M
-$8.0M
Other operating assets and liabilities, net
-$3.4M
$2.6M
$1.4M
Net cash flows provided by operating activities
$105.1M
$45.9M
$56.6M
Capital expenditures
-$31.2M
-$37.5M
-$30.7M
Proceeds from disposition of property and equipment
$11.8M
$5.6M
$5.3M
Proceeds from disposition of assets held for sale
$8.4M
$35.1M
$0
Other, net
-$108.0K
-$454.0K
-$186.0K
Net cash flows provided by (used in) investing activities
-$11.1M
$2.7M
-$25.6M
Revolving credit facility borrowings
$564.0K
$22.7M
$35.8M
Revolving credit facility repayments
-$564.0K
-$22.7M
-$35.8M
Purchases of 4.75% convertible senior notes
-$70.4M
-$10.8M
$0
Repayment of 1.50% convertible senior notes
$0
$0
-$17.3M
Other debt and finance lease repayments, net
-$461.0K
-$652.0K
-$457.0K
Payment of financing costs
-$188.0K
-$1.2M
-$128.0K
Purchases of treasury stock
-$16.6M
-$14.2M
-$6.9M
Shares added to treasury stock as a result of net share settlements due to vesting of stock awards
-$2.5M
-$2.6M
-$1.9M
Net cash flows used in financing activities
-$90.2M
-$29.5M
-$26.7M
Effect of exchange rate changes on cash and cash equivalents
Oil States International sits at the top of its group. 19 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Oil States International
Franklin Templeton InvestmentsFiled SCHEDULE 13G/A on Oil States International, latest Jul 28, 2026 (2 filings since Feb 6, 2024)
DIMENSIONAL FUND ADVISORS LPFiled SCHEDULE 13G/A on Oil States International, latest Jul 14, 2026 (4 filings since Feb 9, 2024)
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Oil States International, latest Mar 27, 2026 (7 filings since Feb 10, 2022)
BlackRockFiled SCHEDULE 13G/A on Oil States International, latest Apr 24, 2025 (5 filings since Jan 28, 2022)
PALISADE CAPITAL MANAGEMENT, LPFiled SC 13G/A on Oil States International, latest Apr 16, 2024 (4 filings since Feb 4, 2022)
FMR LLCFiled SC 13G/A on Oil States International, latest Feb 9, 2023 (2 filings since Feb 9, 2022)
Oil States InternationalHouston, Texas, United States
GEODynamics (U.K.) Limited Subsidiary · United Kingdom
GEODynamics, Inc. Subsidiary · Delaware, United States
Oil States Energy Services (Canada) Inc. Subsidiary · Alberta, Canada
Oil States Energy Services Holding, LLC. Subsidiary · Delaware, United States
Oil States Energy Services L.L.C. Subsidiary · Delaware, United States
Oil States Industries (Asia) Pte Ltd. Subsidiary · Singapore
Oil States Industries (India) Private Limited Subsidiary · India
Oil States Industries (Thailand) Ltd. Subsidiary · Thailand
Oil States Industries (UK) Limited Subsidiary · United Kingdom
Oil States Industries 1 B.V. Subsidiary · Netherlands
Oil States Industries do Brasil - Instalacoes Maritimas Ltda Subsidiary · Brazil
Oil States Industries Singapore Holdco B.V. Subsidiary · Netherlands
Oil States Industries US, Inc. Subsidiary · Delaware, United States
Oil States Industries, Inc. Subsidiary · Delaware, United States
Oil States Management Inc. Subsidiary · Delaware, United States
Oil States Skagit SMATCO L.L.C. Subsidiary · Delaware, United States
OSES International, LLC Subsidiary · Delaware, United States
Tempress Technologies, Inc. Subsidiary · Washington, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Oil States International reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We own and lease numerous manufacturing facilities, service centers, sales and administrative offices, storage yards and data processing centers in support of our worldwide operations. The following presents the location of our principal owned or leased facilities, by segment as of December 31, 2025.
Offshore Manufactured Products – Rio de Janeiro and Macae, Brazil; Aberdeen and West Lothian, Scotland; Rayong, Thailand; Singapore; Batam, Indonesia; Navi Mumbai, India; Las Palmas, Spain; Abu Dhabi, UAE; and in the United States: Arlington and Houston, Texas; Oklahoma City, Oklahoma and Houma, Louisiana.
The rest of Item 2
Completion and Production Services – Houston, Texas; New Iberia, Broussard and Houma, Louisiana; Rock Springs, Wyoming; Williston, North Dakota and Renton, Washington in the United States; and Red Deer, Alberta, Canada.
Downhole Technologies – Nunn, Colorado; Tulsa, Oklahoma; Millsap, Fort Worth, Lampasas and Midland, Texas; Casper, Wyoming; and Clearfield, Pennsylvania in the United States; and Aberdeen, Scotland.
Our principal corporate offices are located in Houston, Texas.
We believe that our leases are at competitive or market rates and do not anticipate any difficulty in leasing additional suitable space upon the expiration of our current lease terms.
The company was founded as an oilfield supply store in Tulsa, Oklahoma in 1937. Five years later, in 1942, it started selling rubber components to oil patch producers in Texas. In the 1950s, it sold rubber products used to support bridges. Later, in the 1970s, it focused on addressing the needs of oil and gas companies in Canada and on the Gulf Coast of the United States. The next decade, in the 1980s, it focused on supplying those companies with pipeline maintenance and repair for their underwater operations at sea. In 1999, it acquired Tubular Services, thus becoming one of the main tubular distributors in the US.
Its IPO was in 2001, when it became a public company on the New York Stock Exchange traded as OIS.
From 2005, it acquired several accommodation inns for employees of oil and gas companies in Canada (Fort McMurray, Northern Alberta, Southern Saskatchewan) and Australia (Gladstone, Queensland, Karratha, Western Australia, Gunnedah Basin in New South Wales). On June 2, 2014, these accommodation services became a spin-off company called Civeo Corporation, also traded on the New York Stock Exchange.
Feb 21, 2025Reported quarterly or annual results63
Oct 30, 2024Reported quarterly or annual results64
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
223 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 33 major events, 107 insider forms, 24 large holders, 38 other. The latest 20:
FMR LLCSC 13G/A, 2 filings Feb 9, 2022 to Feb 9, 202370
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Oil States International is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Oil States International names in Item 1A of its 10-K filed Mar 4, 2026: 32 risks under these headings, as written.17
Business and Operating Risks
Demand for the majority of our products and services is substantially dependent on the levels of expenditures by companies in the crude oil and natural gas industry. Ongoing uncertainties related to future crude oil demand and the willingness of operators to invest in U.S. land-based drilling, completion and production activities given an increased focus on capital discipline has reduced the demand for, and the prices we are able to charge for, our products and services. This has had and may in the future have a material adverse effect on our financial condition and results of operations.
We might be unable to compete successfully with other companies in our industry.
Consolidation of our customers and competitors may impact our results of operations.
Disruption of our supply chain could adversely impact our ability to manufacture, transport and sell our products.
We might be unable to employ and retain a sufficient number of key personnel.
If we do not develop new competitive technologies and products, our business and revenues may be adversely affected.
Our business, results of operations and financial condition could be adversely affected by security threats, including cybersecurity threats and other disruptions.
We depend on several significant customers in each of our business segments, and the loss of one or more such customers or the inability of one or more such customers to meet their obligations to us, could adversely affect our results of operations.
The ongoing military actions in Europe and the Middle East and the risk of military action in South America could adversely affect our business, financial condition and results of operations.
Climate events could adversely impact our operations or those of our customers or suppliers.
Our inability to control the inherent risks of identifying and integrating businesses that we have or may acquire, including any related increases in debt or issuances of equity securities, could adversely affect our operations.
The other 21 risks
Financial Risks
We may be adversely affected by the effects of inflation and increases in tariffs on goods we import.
We may be unable to access the capital and credit markets or borrow on affordable terms to obtain additional capital that we may require.
Backlog in our Offshore Manufactured Products segment is subject to unexpected adjustments and cancellations and, therefore, has limitations as an indicator of our future revenues and earnings.
We may assume contractual risks in developing, manufacturing and delivering products in our Offshore Manufactured Products segment.
Exchange rate fluctuations could adversely affect our U.S. reported results of operations and financial position.
Given the cyclical nature of our business, a severe prolonged downturn could negatively affect the value of our goodwill and other intangible and long-lived assets.
Legal or Regulatory Risks
We do business in international jurisdictions which exposes us to unique risks.
Explosive incidents arising out of dangerous materials used in our business could disrupt operations and result in bodily injuries and property damages, which occurrences could have a material adverse effect our business, results of operations and financial conditions.
We may not have adequate insurance for potential liabilities and our insurance may not cover certain liabilities, including litigation risks.
We might be unable to protect our intellectual property rights and we may be subject to litigation if another party claims that we have infringed upon its intellectual property rights.
Laws, regulations and other executive actions or regulatory initiatives regarding hydraulic fracturing could increase our costs of doing business and result in additional operating restrictions, delays or cancellations in the completion of oil and natural gas wells, or possible bans on the performance of hydraulic fracturing that may reduce demand for our products and services and could have a material adverse effect on our business, results of operations and financial condition.
Legislative and regulatory initiatives related to induced seismicity could result in operating restrictions or delays in the drilling and completion of oil and natural gas wells that may reduce demand for our products and services and could have a material adverse effect on our business, results of operations and financial condition.
Imposition of laws, executive actions or regulatory initiatives to restrict, delay or cancel leasing, permitting or drilling activities in deepwaters of the United States or foreign countries may reduce demand for our services and products and have a material adverse effect on our business, financial condition, or results of operations.
We are subject to numerous environmental laws and regulations that may expose us to significant costs and liabilities.
An accidental release of pollutants into the environment may cause us to incur significant costs and liabilities.
We could incur significant costs in complying with stringent occupational health and safety requirements.
Our and our customers’ operations are subject to a series of risks arising out of the threat of climate change that could result in increased operating costs, limit the areas in which oil and natural gas production may occur, and reduce demand for the products and services we provide.
The ESA, the Migratory Bird Treaty Act and other laws intended to protect certain species of wildlife govern our and our oil and natural gas exploration and production customers’ operations, which constraints could have an adverse impact on our ability to expand some of our existing operations or limit our customers' ability to develop new oil and natural gas wells.
Increasing attention to sustainability and environmental matters may impact our business.
The Inflation Reduction Act of 2022 could accelerate the transition to a low carbon economy and could impose new costs on our customers’ operations.
Changes to applicable tax laws and regulations may result in our incurring additional income tax liabilities, which could have a material adverse effect on our business, results of operations and financial condition.
Legal proceedings
Information regarding legal proceedings is set forth in Note 14, “Commitments and Contingencies,” of the Consolidated Financial Statements included in this Annual Report on Form 10‑K and is incorporated herein by reference.
