Oil States International Inc. Common Stock (OIS)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Measured by the standards I care about, Oil States International is not a wonderful business at a fair price so much as a troubled cyclical asset at a discount. The company sells engineered equipment and consumables to energy, industrial, and military customers. Revenue has shrunk from $782.3 million in FY2023 to $692.6 million in FY2024 and $669.0 million in FY2025. Earnings tell a rougher story: net income was $12.9 million in FY2023, then a loss of $11.3 million in FY2024 and a loss of $109.4 million in FY2025. FairStock calculations show that at the 2026-10-13 close of $8.28, the P/E is negative, the price-to-book is 0.86, and the FairStock Score is only 41/100. The Lynch-style classification is TURNAROUND, and that fits: a loss in the latest year after earlier profits. Still, the balance sheet is not stretched. Debt-to-equity is only 0.06, and trailing free cash flow was $53.8 million, a FairStock-calculated FCF yield of 10.8% on the $499.5 million market cap. Recent quarters offer a flicker of improvement: in fiscal Q1 2026, revenue was $145.4 million and net income $1.1 million; in fiscal Q2 2026, revenue was $156.7 million and net income $5.9 million. But ROCE is just 1.69%, ROE is -17.03%, and the Altman Z-Score of 2.06 is only mediocre. Piotroski 6/9 suggests some stabilization, not a fortress. A durable moat is hard to see in oilfield equipment; pricing power is cyclical. The investment case rests on asset value, cash generation, and a turnaround actually taking hold. If the loss is behind and recent profits persist, the discount could close. If not, cheap book value can be a trap.

In plain English: Oil States International makes and sells equipment and products used by oil and gas, industrial, and military customers. The business has been weak lately: sales have slipped and it lost money in its latest full year, though its most recent quarter showed a small profit. At $8.28 on 2026-10-13, the stock trades below the value of its assets on the books, so it may look inexpensive, but the losses make that far from certain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer