Helios Technologies Financials
This page shows Helios Technologies (HLIO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Helios Technologies has an operating margin of 10.2%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from 9.6% the prior year.
Helios Technologies's revenue declined 3.6% year-over-year, from $835.6M to $805.9M. This contraction results in a growth score of 18/100.
Helios Technologies carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.77, Helios Technologies holds $2.77 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.
Helios Technologies has a free cash flow margin of 11.8%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.
Helios Technologies generates a 4.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is up from 4.4% the prior year.
Helios Technologies scores 3.67, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($641.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Helios Technologies passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Helios Technologies generates $3.13 in operating cash flow ($122.1M OCF vs $39.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Helios Technologies generated $805.9M in revenue in fiscal year 2024. This represents a decrease of 3.6% from the prior year.
Helios Technologies's EBITDA was $145.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.3% from the prior year.
Helios Technologies generated $95.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 91.7% from the prior year.
Helios Technologies reported $39.0M in net income in fiscal year 2024. This represents an increase of 4.0% from the prior year.
Helios Technologies earned $1.17 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.6% from the prior year.
Helios Technologies held $44.1M in cash against $283.2M in long-term debt as of fiscal year 2024.
Helios Technologies paid $0.36 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Helios Technologies had 33M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Helios Technologies's gross margin was 31.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.0 percentage points from the prior year.
Helios Technologies's operating margin was 10.2% in fiscal year 2024, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Helios Technologies's net profit margin was 4.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.
Helios Technologies's ROE was 4.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Helios Technologies invested $20.1M in research and development in fiscal year 2024. This represents an increase of 4.7% from the prior year.
Helios Technologies invested $27.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 21.3% from the prior year.
HLIO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $220.3M+3.7% | $212.5M+8.7% | $195.5M+8.9% | $179.5M-18.4% | $219.9M+3.7% | $212.0M+9.6% | $193.4M-4.0% | $201.4M |
| Cost of Revenue | $147.3M+1.6% | $145.0M+6.9% | $135.6M+8.0% | $125.5M-15.9% | $149.3M+3.1% | $144.8M+4.8% | $138.2M-2.5% | $141.7M |
| Gross Profit | $73.0M+8.1% | $67.5M+12.7% | $59.9M+10.9% | $54.0M-23.5% | $70.6M+5.1% | $67.2M+21.7% | $55.2M-7.5% | $59.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $38.2M+2.4% | $37.3M+7.8% | $34.6M+5.2% | $32.9M-10.4% | $36.7M-5.9% | $39.0M+11.1% | $35.1M-6.9% | $37.7M |
| Operating Income | $1.3M-94.1% | $21.9M+28.8% | $17.0M+27.8% | $13.3M-48.8% | $26.0M+28.1% | $20.3M+72.0% | $11.8M-14.5% | $13.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.5M-28.6% | $3.5M+59.1% | $2.2M-21.4% | $2.8M-30.0% | $4.0M+42.9% | $2.8M+154.5% | $1.1M-26.7% | $1.5M |
| Net Income | $10.3M-9.6% | $11.4M+56.2% | $7.3M+52.1% | $4.8M-64.7% | $13.6M+47.8% | $9.2M+178.8% | $3.3M-5.7% | $3.5M |
| EPS (Diluted) | $0.31-8.8% | $0.34+54.5% | $0.22+57.1% | $0.14-65.9% | $0.41+46.4% | $0.28+180.0% | $0.10-9.1% | $0.11 |
HLIO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B-1.6% | $1.6B+3.6% | $1.5B+1.4% | $1.5B-4.8% | $1.6B-0.2% | $1.6B-0.4% | $1.6B0.0% | $1.6B |
| Current Assets | $449.0M+2.3% | $439.1M+10.9% | $396.0M+3.1% | $384.2M-9.1% | $422.6M+3.2% | $409.3M+3.2% | $396.7M-3.3% | $410.2M |
| Cash & Equivalents | $54.9M+3.6% | $53.0M+15.5% | $45.9M+4.1% | $44.1M-2.0% | $45.0M+20.6% | $37.3M+15.1% | $32.4M-8.0% | $35.2M |
| Inventory | $185.4M-1.0% | $187.2M-1.3% | $189.7M-0.2% | $190.1M-7.9% | $206.3M-3.6% | $213.9M-0.6% | $215.1M+3.1% | $208.7M |
| Accounts Receivable | $133.7M+8.1% | $123.7M+2.1% | $121.1M+15.8% | $104.6M-21.1% | $132.6M+4.8% | $126.5M+10.2% | $114.8M-12.5% | $131.2M |
| Goodwill | $497.6M-5.0% | $523.9M+3.0% | $508.4M+1.9% | $498.9M-1.4% | $506.1M-0.4% | $507.9M-1.2% | $514.0M+2.2% | $502.7M |
| Total Liabilities | $637.9M-4.8% | $670.0M+3.9% | $645.1M+0.6% | $641.0M-10.3% | $714.4M-1.7% | $727.0M-1.2% | $735.8M-1.7% | $748.6M |
| Current Liabilities | $153.2M-14.4% | $179.0M+25.4% | $142.7M+3.0% | $138.6M-4.2% | $144.7M-0.1% | $144.8M-0.1% | $144.9M+6.3% | $136.3M |
| Long-Term Debt | $261.8M-2.1% | $267.4M-4.2% | $279.2M-1.4% | $283.2M-2.9% | $291.7M-0.3% | $292.7M-1.9% | $298.3M-1.9% | $304.2M |
| Total Equity | $917.9M+0.7% | $911.7M+3.5% | $881.2M+1.9% | $864.4M-0.2% | $866.5M+1.2% | $856.6M+0.2% | $854.6M+1.5% | $842.0M |
| Retained Earnings | $522.6M+1.4% | $515.2M+1.6% | $506.9M+0.9% | $502.6M+2.1% | $492.4M+2.2% | $481.8M+1.3% | $475.6M+0.1% | $475.3M |
HLIO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.3M-31.6% | $37.0M+94.7% | $19.0M-46.8% | $35.7M+5.6% | $33.8M+89.9% | $17.8M-47.2% | $33.7M+185.6% | $11.8M |
| Capital Expenditures | $6.7M+24.1% | $5.4M-11.5% | $6.1M-17.6% | $7.4M-7.5% | $8.0M+45.5% | $5.5M-37.5% | $8.8M+51.7% | $5.8M |
| Free Cash Flow | $18.6M-41.1% | $31.6M+145.0% | $12.9M-54.4% | $28.3M+9.7% | $25.8M+109.8% | $12.3M-50.6% | $24.9M+315.0% | $6.0M |
| Investing Cash Flow | -$8.4M-31.3% | -$6.4M+5.9% | -$6.8M+17.1% | -$8.2M+9.9% | -$9.1M-44.4% | -$6.3M+33.0% | -$9.4M-8.0% | -$8.7M |
| Financing Cash Flow | -$12.6M+53.7% | -$27.2M-140.7% | -$11.3M+61.0% | -$29.0M-68.6% | -$17.2M-218.5% | -$5.4M+80.6% | -$27.8M-531.8% | -$4.4M |
| Dividends Paid | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M0.0% | $3.0M+3.4% | $2.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HLIO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1%+1.4pp | 31.8%+1.1pp | 30.6%+0.6pp | 30.1%-2.0pp | 32.1%+0.4pp | 31.7%+3.2pp | 28.5%-1.1pp | 29.6% |
| Operating Margin | 0.6%-9.7pp | 10.3%+1.6pp | 8.7%+1.3pp | 7.4%-4.4pp | 11.8%+2.2pp | 9.6%+3.5pp | 6.1%-0.8pp | 6.9% |
| Net Margin | 4.7%-0.7pp | 5.4%+1.6pp | 3.7%+1.1pp | 2.7%-3.5pp | 6.2%+1.8pp | 4.3%+2.6pp | 1.7%-0.0pp | 1.7% |
| Return on Equity | 1.1%-0.1pp | 1.3%+0.4pp | 0.8%+0.3pp | 0.6%-1.0pp | 1.6%+0.5pp | 1.1%+0.7pp | 0.4%-0.0pp | 0.4% |
| Return on Assets | 0.7%-0.1pp | 0.7%+0.2pp | 0.5%+0.2pp | 0.3%-0.5pp | 0.9%+0.3pp | 0.6%+0.4pp | 0.2%-0.0pp | 0.2% |
| Current Ratio | 2.93+0.5 | 2.45-0.3 | 2.780.0 | 2.77-0.1 | 2.92+0.1 | 2.83+0.1 | 2.74-0.3 | 3.01 |
| Debt-to-Equity | 0.290.0 | 0.29-0.0 | 0.32-0.0 | 0.330.0 | 0.340.0 | 0.340.0 | 0.35-0.0 | 0.36 |
| FCF Margin | 8.4%-6.4pp | 14.9%+8.3pp | 6.6%-9.2pp | 15.8%+4.0pp | 11.7%+5.9pp | 5.8%-7.1pp | 12.9%+9.9pp | 3.0% |
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Frequently Asked Questions
What is Helios Technologies's annual revenue?
Helios Technologies (HLIO) reported $805.9M in total revenue for fiscal year 2024. This represents a -3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Helios Technologies's revenue growing?
Helios Technologies (HLIO) revenue declined by 3.6% year-over-year, from $835.6M to $805.9M in fiscal year 2024.
Is Helios Technologies profitable?
Yes, Helios Technologies (HLIO) reported a net income of $39.0M in fiscal year 2024, with a net profit margin of 4.8%.
What is Helios Technologies's earnings per share (EPS)?
Helios Technologies (HLIO) reported diluted earnings per share of $1.17 for fiscal year 2024. This represents a 2.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Helios Technologies's EBITDA?
Helios Technologies (HLIO) had EBITDA of $145.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Helios Technologies have?
As of fiscal year 2024, Helios Technologies (HLIO) had $44.1M in cash and equivalents against $283.2M in long-term debt.
What is Helios Technologies's gross margin?
Helios Technologies (HLIO) had a gross margin of 31.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Helios Technologies's operating margin?
Helios Technologies (HLIO) had an operating margin of 10.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Helios Technologies's net profit margin?
Helios Technologies (HLIO) had a net profit margin of 4.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Helios Technologies pay dividends?
Yes, Helios Technologies (HLIO) paid $0.36 per share in dividends during fiscal year 2024.
What is Helios Technologies's return on equity (ROE)?
Helios Technologies (HLIO) has a return on equity of 4.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Helios Technologies's free cash flow?
Helios Technologies (HLIO) generated $95.1M in free cash flow during fiscal year 2024. This represents a 91.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Helios Technologies's operating cash flow?
Helios Technologies (HLIO) generated $122.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Helios Technologies's total assets?
Helios Technologies (HLIO) had $1.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Helios Technologies's capital expenditures?
Helios Technologies (HLIO) invested $27.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Helios Technologies spend on research and development?
Helios Technologies (HLIO) invested $20.1M in research and development during fiscal year 2024.
How many shares does Helios Technologies have outstanding?
Helios Technologies (HLIO) had 33M shares outstanding as of fiscal year 2024.
What is Helios Technologies's current ratio?
Helios Technologies (HLIO) had a current ratio of 2.77 as of fiscal year 2024, which is generally considered healthy.
What is Helios Technologies's debt-to-equity ratio?
Helios Technologies (HLIO) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Helios Technologies's return on assets (ROA)?
Helios Technologies (HLIO) had a return on assets of 2.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Helios Technologies's Altman Z-Score?
Helios Technologies (HLIO) has an Altman Z-Score of 3.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Helios Technologies's Piotroski F-Score?
Helios Technologies (HLIO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Helios Technologies's earnings high quality?
Helios Technologies (HLIO) has an earnings quality ratio of 3.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Helios Technologies?
Helios Technologies (HLIO) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.