Oceaneering International reported $415M of remaining performance obligations at 30 Sep 2026, up 2% from a year earlier and up 5% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.
Net new backlog added in the latest quarter: $20.0M.
Customer prepayments (contract liabilities) cover 32.6% of the backlog.
Twelve-month book-to-bill: 1.00, i.e. 1.00 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -1 points — revenue is catching up with orders.
By backlog size it ranks 329th among US filers the cockpit tracks.
Oceaneering International backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$415M
$2.91B
0.1 yrs
$135M
30 Jun 2026
$395M
$2.87B
0.1 yrs
$125M
31 Mar 2026
$391M
$2.80B
0.1 yrs
$115M
31 Dec 2025
$396M
$2.78B
0.1 yrs
$115M
30 Sep 2025
$405M
$2.83B
0.1 yrs
$118M
30 Jun 2025
$414M
$2.77B
0.1 yrs
$92.0M
31 Mar 2025
$444M
$2.74B
0.2 yrs
$106M
31 Dec 2024
$454M
$2.66B
0.2 yrs
$141M
30 Sep 2024
$586M
$2.60B
0.2 yrs
$169M
30 Jun 2024
$572M
$2.56B
0.2 yrs
$181M
31 Mar 2024
$492M
$2.49B
0.2 yrs
$150M
31 Dec 2023
$432M
$2.42B
0.2 yrs
$165M
Questions
What is Oceaneering International's backlog?
Oceaneering International reported $415M of remaining performance obligations at 30 Sep 2026, up 2% from a year earlier and up 5% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.