Koil Energy Solutions outfits offshore oil and gas projects with subsea hardware and installation gear, from flying leads to deployment frames—think of it as the plumber and electrician for underwater wellheads.
Revenue came to USD 0.02B in 2024 with an 11.52% net margin; the latest quarter (June 2026) shows just USD 0.01B revenue and a 7.06% net margin, so earnings are thin and lumpy rather than recurring.
Deep-water subsea work demands certified equipment and field-tested engineering, which keeps Schlumberger and TechnipFMC from easily replicating every niche product—but Koil's small size leaves it exposed to bigger rivals with broader catalogs. Moat is eroding
