Oil States INTERNATIONAL, Inc. (OIS) intrinsic value & 10-year financials
Oil States INTERNATIONAL, Inc. (OIS) has a Graham intrinsic value of $1.33 per share. At $8.12 on Oct 17, 2026, the stock trades 511% above that value. Over the last 10 fiscal years revenue shrank 0.4% a year to $669.0M, with an average return on invested capital of -8.4%.
- Graham intrinsic value
- $1.33
- Share price (Oct 17, 2026)
- $8.12
- Price vs Graham value
- 511% above
- Market cap
- $476.6M
- Revenue (FY2025)
- $669.0M
- Revenue growth (10-yr CAGR)
- -0.4%
- ROIC (10-yr avg)
- -8.4%
- Free cash flow (FY2025)
- $73.9M
OIS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $669.0M | -$109.4M | -$1.86 | $73.9M | -14.6% | -15.1% |
| FY2024 | $692.6M | -$11.3M | -$0.18 | $8.4M | -0.2% | -0.2% |
| FY2023 | $782.3M | $12.9M | $0.20 | $25.9M | 3.0% | 2.4% |
| FY2022 | $737.7M | -$9.5M | -$0.15 | $12.6M | 0.4% | 0.4% |
| FY2021 | $573.2M | -$64.0M | -$1.06 | -$10.3M | -11.3% | -6.7% |
| FY2020 | $638.1M | -$468.4M | -$7.83 | $120.0M | -83.7% | -40.2% |
| FY2019 | $1.0B | -$231.8M | -$3.90 | $81.3M | -22.4% | -13.7% |
| FY2018 | $1.1B | -$19.1M | -$0.33 | $15.1M | -0.5% | -0.4% |
| FY2017 | $670.6M | -$84.8M | -$1.69 | $60.2M | -11.0% | -6.5% |
| FY2016 | $694.4M | -$46.4M | -$0.92 | $119.6M | -10.0% | -3.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
OIL STATES INTERNATIONAL, INC is facing top-line stagnation, with revenue contracting over the decade.
OIL STATES INTERNATIONAL, INC has historically struggled to out-earn its cost of capital, averaging just -8.4% ROIC.
OIL STATES INTERNATIONAL, INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, OIL STATES INTERNATIONAL, INC is modeled at -0.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.33 per share.