WTIW&T Offshore, Inc.
Is the business good?
Margins compressing. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is WTI?
W&T Offshore, Inc. earns 94% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 85 points above what the capital costs: growth creates value
- Operating margin
- 0.99%
Operating margin · Oil & Gas E&P median 25% · 12 months to Q2 2026
- Share count, year on year
- +6.6%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 0.23% |
| FY2021 | 34% |
| FY2022 | 49% |
| FY2023 | 5.5% |
| FY2024 | −8.0% |
| FY2025 | −11% |
Details›
- Operating margin12 months to Q2 2026
- 0.99%
- Net margin12 months to Q2 2026
- −19%
- Revenue, trailing twelve months
- $562M
- Net income, trailing twelve months
- −$109M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 94%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from WTI and who it buys from, as the companies report it.
- BPBP p.l.c.33%
Share of revenue · FY2025 10-K
- SHELShell plc17%
Share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; WTI’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.