What is Helix Energy Solutions Group, Inc.'s earnings per share (EPS)?

Helix Energy Solutions Group, Inc. (HLX) reported diluted earnings per share of $0.21 for fiscal year 2025. This represents a -41.7% 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.

Helix Energy Solutions Group, Inc. (HLX) Financials

HLX

Trailing 12 months to June 30, 2026

Revenue $1.4B +10.3% YoY

Net Income $39.7M -20.8% YoY

EPS (Diluted) $0.27 -15.6% YoY

Free Cash Flow $235.4M +116.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HLX SEC filings page.

Helix Energy Solutions Group, Inc. (HLX) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 10.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI HLX FY2025 2026-10-04

The business has become profitable and cash-generative, but FY2025 confirms earnings remain sensitive to margin pressure when revenue softens.

Cash conversion exceeded accounting profit: net income fell to $30.8M in FY2025 while operating cash flow reached $136.7M, so cash generation materially exceeded reported earnings. Because free cash flow still reached $120.4M against capital expenditures of $16.3M, the business currently requires comparatively modest reinvestment to convert operations into cash.

FY2025 revenue declined 4.9%, while gross margin narrowed to 12.3% from FY2024's higher level. The simultaneous margin squeeze and revenue softness suggests profit is sensitive to utilization or project mix rather than protected by a stable cost structure. Operating margin fell from 9.4% to 5.0%, leaving the company profitable but with weaker operating conversion.

Current ratio rose from 2.3x in FY2024 to 2.8x in FY2025, giving near-term working-capital flexibility even as revenue eased. Total liabilities declined to $1.04B while assets increased to $2.62B, indicating the improved liquidity position was accompanied by a lower, not higher, balance-sheet burden.

Financial Health Signals

Financial Health Score 58/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Helix Energy Solutions Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Helix Energy Solutions Group, Inc. has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 29/100, suggesting thin profitability after operating expenses. This is down from 9.4% the prior year.

Growth

Helix Energy Solutions Group, Inc.'s revenue declined 4.9% year-over-year, from $1.4B to $1.3B. This contraction results in a growth score of 45/100.

Leverage

Helix Energy Solutions Group, Inc. carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.75, Helix Energy Solutions Group, Inc. holds $2.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.

Cash Flow

Helix Energy Solutions Group, Inc. converts 9.3% of revenue into free cash flow ($120.4M). This strong cash generation earns a score of 73/100.

Returns

Helix Energy Solutions Group, Inc. generates a 1.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 3.7% the prior year.

Altman Z-Score Grey Zone

1.94

Helix Energy Solutions Group, Inc. scores 1.94, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Helix Energy Solutions Group, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

4.44x

For every $1 of reported earnings, Helix Energy Solutions Group, Inc. generates $4.44 in operating cash flow ($136.7M OCF vs $30.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.98x

Helix Energy Solutions Group, Inc. earns $1.98 in operating income for every $1 of interest expense ($65.1M vs $33.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$304.0M

YoY+20.8%

QoQ+5.6%

5Y CAGR+13.4%

10Y CAGR+11.0%

Helix Energy Solutions Group, Inc. generated $304.0M in revenue in Q2 2026. This represents an increase of 20.8% from the same quarter a year earlier. Against the prior quarter it is up 5.6%.

EBITDA

$66.2M

YoY+81.6%

QoQ+116.6%

5Y CAGR+22.5%

Helix Energy Solutions Group, Inc.'s EBITDA was $66.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 81.6% from the same quarter a year earlier. Against the prior quarter it is up 116.6%.

Net Income

$22.7M

YoY+974.5%

QoQ+269.5%

Helix Energy Solutions Group, Inc. reported $22.7M in net income in Q2 2026. This represents an increase of 974.5% from the same quarter a year earlier. Against the prior quarter it is up 269.5%.

EPS (Diluted)

$0.15

YoY+850.0%

QoQ+266.7%

Helix Energy Solutions Group, Inc. earned $0.15 per diluted share (EPS) in Q2 2026. This represents an increase of 850.0% from the same quarter a year earlier. Against the prior quarter it is up 266.7%.

Cash & Balance Sheet

Free Cash Flow

$46.7M

YoY+320.1%

QoQ-20.8%

5Y CAGR-0.2%

Helix Energy Solutions Group, Inc. generated $46.7M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 320.1% from the same quarter a year earlier. Against the prior quarter it is down 20.8%.

Cash & Debt

$652.2M

YoY+104.0%

QoQ+30.1%

5Y CAGR+21.7%

10Y CAGR+2.9%

Helix Energy Solutions Group, Inc. held $652.2M in cash against $294.8M in long-term debt as of Q2 2026.

Shares Outstanding

147M

YoY+0.3%

QoQ+0.1%

5Y CAGR-0.5%

10Y CAGR+2.7%

Helix Energy Solutions Group, Inc. had 147M shares outstanding in Q2 2026. This represents an increase of 0.3% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

18.5%

YoY+13.1pp

QoQ+15.4pp

5Y change+16.6pp

10Y change+13.2pp

Helix Energy Solutions Group, Inc.'s gross margin was 18.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 13.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.4 percentage points.

Operating Margin

8.8%

YoY+10.0pp

QoQ+13.4pp

5Y change+15.6pp

Helix Energy Solutions Group, Inc.'s operating margin was 8.8% in Q2 2026, reflecting core business profitability. This is up 10.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.4 percentage points.

Net Margin

7.5%

YoY+8.5pp

QoQ+12.1pp

5Y change+15.9pp

10Y change+17.4pp

Helix Energy Solutions Group, Inc.'s net profit margin was 7.5% in Q2 2026, showing the share of revenue converted to profit. This is up 8.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.1 percentage points.

Return on Equity

1.4%

YoY+1.6pp

QoQ+2.3pp

5Y change+2.2pp

10Y change+2.3pp

Helix Energy Solutions Group, Inc.'s ROE was 1.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.

Capital Allocation

Capital Expenditures

$7.2M

YoY+75.4%

QoQ+155.3%

5Y CAGR+5.7%

10Y CAGR-14.6%

Helix Energy Solutions Group, Inc. invested $7.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 75.4% from the same quarter a year earlier. Against the prior quarter it is up 155.3%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

HLX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HLX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.4B	$1.3B-4.9%	$1.4B+5.3%	$1.3B+47.7%	$873.1M+29.4%	$674.7M-8.0%	$733.6M-2.4%	$751.9M+1.6%	$739.8M+27.3%	$581.4M+19.2%	$487.6M-29.9%	$695.8M-37.2%	$1.1B+26.3%	$876.6M+3.6%	$846.1M+20.5%	$702.0M
Cost of Revenue	$1.2B	$1.1B-0.6%	$1.1B+4.6%	$1.1B+32.4%	$822.5M+24.7%	$659.3M+0.9%	$653.6M+6.4%	$614.1M-0.7%	$618.1M+19.1%	$519.2M+17.7%	$441.1M-52.6%	$929.6M+21.8%	$763.1M+23.9%	$615.9M-22.6%	$796.2M+44.2%	$552.3M
Gross Profit	$183.2M	$159.1M-27.5%	$219.6M+9.6%	$200.4M+295.8%	$50.6M+228.8%	$15.4M-80.7%	$79.9M-42.0%	$137.8M+13.3%	$121.7M+95.7%	$62.2M+33.6%	$46.5M+119.9%	-$233.8M-168.0%	$344.0M+32.0%	$260.7M+422.3%	$49.9M-66.7%	$149.7M
SG&A Expenses	$83.4M	$75.9M-17.1%	$91.7M-2.9%	$94.4M+23.0%	$76.8M+21.0%	$63.4M+3.9%	$61.1M-12.5%	$69.8M-0.6%	$70.3M+11.1%	$63.3M-4.1%	$65.9M+15.1%	$57.3M-38.1%	$92.5M+12.5%	$82.3M-12.9%	$94.4M+9.0%	$86.6M
Operating Income	$73.4M	$65.1M-48.9%	$127.4M+100.7%	$63.5M+241.6%	-$44.9M+7.9%	-$48.7M-473.8%	$13.0M-80.8%	$68.0M+31.9%	$51.5M+4661.3%	-$1.1M+98.2%	-$63.2M+79.4%	-$307.4M-217.4%	$261.8M+46.2%	$179.0M+361.4%	-$68.5M-208.6%	$63.0M
EBITDA	N/A	$252.5M-16.0%	$300.7M+32.1%	$227.6M+132.7%	$97.8M+5.4%	$92.8M-36.7%	$146.7M-18.8%	$180.7M+11.5%	$162.1M+50.6%	$107.6M+111.2%	$51.0M+127.3%	-$187.0M-150.4%	$371.1M+33.7%	$277.6M+866.5%	$28.7M-81.4%	$154.2M
Interest Expense	$33.0M	$33.0M-2.7%	$33.9M+58.7%	$21.4M+5.9%	$20.2M-14.1%	$23.5M-23.1%	$30.5M-2.1%	$31.2M-4.4%	$32.6M-14.8%	$38.3M-15.2%	$45.1M+12.7%	$40.0M+21.1%	$33.1M-25.7%	$44.5M-17.0%	$53.6M-26.4%	$72.8M
Income Tax	$18.9M	$11.7M-55.9%	$26.4M+44.0%	$18.4M+45.6%	$12.6M+240.7%	-$9.0M+52.1%	-$18.7M-338.0%	$7.9M+227.5%	$2.4M+104.8%	-$50.4M-304.4%	-$12.5M+87.7%	-$101.2M-251.1%	$67.0M+111.9%	$31.6M+153.4%	-$59.2M-60.7%	-$36.8M
Net Income	$39.7M	$30.8M-44.6%	$55.6M+613.4%	-$10.8M+87.7%	-$87.8M-42.7%	-$61.5M-377.5%	$22.2M-61.7%	$57.9M+102.5%	$28.6M-4.8%	$30.1M+136.9%	-$81.4M+78.4%	-$377.0M-292.8%	$195.6M+73.0%	$113.0M+344.2%	-$46.3M-135.6%	$130.0M
EPS (Basic)	N/A	$0.21-43.2%	$0.37+628.6%	-$0.07+87.9%	-$0.58-41.5%	-$0.41-415.4%	$0.13-66.7%	$0.39+105.3%	$0.19-5.0%	$0.20+127.4%	-$0.73+79.6%	-$3.58-293.5%	$1.85+77.9%	$1.04+336.4%	-$0.44-135.8%	$1.23
EPS (Diluted)	$0.27	$0.21-41.7%	$0.36+614.3%	-$0.07+87.9%	-$0.58-41.5%	-$0.41-415.4%	$0.13-65.8%	$0.38+100.0%	$0.19-5.0%	$0.20+127.4%	-$0.73+79.6%	-$3.58-293.5%	$1.85+77.9%	$1.04+336.4%	-$0.44-135.8%	$1.23
Diluted Shares (Avg)	N/A	148M-4.0%	155M+2.5%	151M-0.2%	151M+0.8%	150M+0.1%	150M+0.2%	150M+1.9%	147M+1.1%	145M+30.2%	112M+5.9%	105M+0.4%	105M-0.1%	105M+0.7%	104M-0.5%	105M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$304.0M+20.8%	$287.9M+3.6%	$384.8M+8.3%	$377.0M+10.1%	$251.7M-31.0%	$278.1M-6.1%	$355.1M+6.0%	$342.4M-13.5%
Cost of Revenue	$247.8M+4.0%	$279.1M+11.4%	$332.6M+12.3%	$310.9M+12.4%	$238.2M-17.7%	$250.5M-9.4%	$296.3M+3.6%	$276.8M-12.2%
Gross Profit	$56.2M+317.7%	$8.8M-67.9%	$52.1M-11.4%	$66.0M+0.5%	$13.5M-82.2%	$27.5M+40.8%	$58.9M+19.4%	$65.7M-18.5%
SG&A Expenses	$21.1M+28.2%	$22.1M+14.3%	$21.9M-20.5%	$18.2M-14.0%	$16.5M-26.0%	$19.4M-6.4%	$27.6M+19.9%	$21.1M-24.1%
Operating Income	$26.7M+978.2%	-$13.3M-262.9%	$12.2M-60.6%	$47.9M+7.2%	-$3.0M-105.7%	$8.2M+740.4%	$30.9M+100.8%	$44.6M+23.2%
EBITDA	$66.2M+81.6%	$30.5M-39.7%	$61.9M-13.3%	$103.5M+18.2%	$36.4M-62.3%	$50.7M+12.4%	$71.4M+20.1%	$87.5M+10.2%
Interest Expense	$8.3M+0.9%	$8.2M-0.5%	$8.2M-0.8%	$8.2M-2.1%	$8.3M-1.8%	$8.2M-6.1%	$8.3M+22.1%	$8.4M+74.2%
Income Tax	$7.1M+291.8%	-$3.2M-795.8%	-$4.2M-209.4%	$19.2M+101.4%	-$3.7M-125.3%	$453K+126.7%	$3.9M-55.5%	$9.5M+14.2%
Net Income	$22.7M+974.5%	-$13.4M-536.4%	$8.3M-58.9%	$22.1M-25.2%	-$2.6M-108.0%	$3.1M+111.7%	$20.1M+171.0%	$29.5M+89.7%
EPS (Basic)	$0.15+850.0%	-$0.09-550.0%	$0.06-57.1%	$0.15-21.1%	-$0.02-109.5%	$0.02+111.8%	$0.14+173.7%	$0.19+90.0%
EPS (Diluted)	$0.15+850.0%	-$0.09-550.0%	$0.06-53.8%	$0.15-21.1%	-$0.02-109.5%	$0.02+111.8%	$0.13+172.2%	$0.19+90.0%
Diluted Shares (Avg)	148M-0.3%	147M-3.3%	N/A	148M-4.6%	149M-4.2%	152M-0.1%	N/A	155M+0.8%

Not reported in any period shown, so not listed: R&D Expenses.

HLX Balance Sheet

HLX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.6B+0.7%	$2.6B+1.6%	$2.6B+7.0%	$2.4B+2.7%	$2.3B-6.9%	$2.5B-3.8%	$2.6B+10.6%	$2.3B-0.6%	$2.4B+5.2%	$2.2B-6.4%	$2.4B-11.1%	$2.7B+6.1%	$2.5B-24.9%	$3.4B-5.5%	$3.6B
Current Assets	$825.0M+16.2%	$709.7M+1.7%	$697.8M+51.5%	$460.6M-13.0%	$529.5M+0.7%	$525.6M+19.9%	$438.5M-2.8%	$450.9M-0.2%	$451.6M-13.6%	$522.8M-23.6%	$684.0M-1.5%	$694.3M-6.6%	$743.6M-7.5%	$804.1M-14.8%	$944.2M
Cash & Equivalents	$418.3M+13.7%	$368.0M+10.8%	$332.2M+78.0%	$186.6M-26.4%	$253.5M-13.0%	$291.3M+39.8%	$208.4M-25.4%	$279.5M+4.8%	$266.6M-25.3%	$356.6M-27.8%	$494.2M+3.7%	$476.5M-0.4%	$478.2M+9.4%	$437.1M-20.0%	$546.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$240.6M-7.0%	$258.6M-7.8%	$280.4M+31.8%	$212.8M+47.6%	$144.1M+9.0%	$132.2M+5.4%	$125.5M+84.7%	$67.9M-40.1%	$113.3M+11.3%	$101.8M+33.5%	$76.3M-27.2%	$104.7M-33.3%	$156.9M+3.1%	$152.2M+2.9%	$147.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$7.2M	$0	N/A	$0-100.0%	$45.1M-27.4%	$62.1M-1.7%	$63.2M+0.5%	$62.9M+1.2%	$62.2M
Total Liabilities	$1.0B-3.8%	$1.1B+2.1%	$1.1B+20.9%	$872.6M+28.6%	$678.6M-10.0%	$753.9M-15.6%	$893.7M+22.4%	$730.0M-8.2%	$795.4M-17.6%	$965.1M-13.9%	$1.1B+7.0%	$1.0B+2.7%	$1.0B-48.1%	$2.0B-7.7%	$2.1B
Current Liabilities	$299.7M-1.6%	$304.4M-32.1%	$448.6M+50.6%	$298.0M+7.1%	$278.3M-0.4%	$279.3M-2.0%	$285.0M+48.8%	$191.5M-27.9%	$265.6M+42.5%	$186.4M-11.6%	$210.9M-6.5%	$225.6M+18.6%	$190.2M-58.0%	$453.0M+14.4%	$396.2M
Non-Current Liabilities	$736.3M-4.7%	$772.9M+27.5%	$606.4M+5.5%	$574.7M+43.6%	$400.3M-15.7%	$474.6M-22.0%	$608.7M+13.0%	$538.5M+1.6%	$529.8M-32.0%	$778.7M-14.4%	$910.1M+10.8%	$821.6M-1.0%	$830.0M-45.2%	$1.5B-12.8%	$1.7B
Long-Term Debt	$298.4M-2.5%	$306.0M-2.4%	$313.4M+38.8%	$225.9M-13.8%	$262.1M+1.2%	$258.9M-15.4%	$306.1M-22.1%	$393.1M+1.9%	$385.8M-30.9%	$558.4M-17.6%	$677.7M+29.5%	$523.2M-4.1%	$545.8M-45.6%	$1.0B-12.6%	$1.1B
Total Equity	$1.6B+4.0%	$1.5B+1.3%	$1.5B-1.0%	$1.5B-7.9%	$1.6B-5.3%	$1.7B+2.4%	$1.7B+5.1%	$1.6B+3.2%	$1.6B+22.3%	$1.3B+0.2%	$1.3B-22.6%	$1.7B+10.3%	$1.5B+7.6%	$1.4B-2.0%	$1.4B
Retained Earnings	$398.9M+8.4%	$368.1M+17.8%	$312.4M-3.4%	$323.3M-21.4%	$411.1M-11.5%	$464.5M+4.3%	$445.4M+16.3%	$383.0M+8.5%	$352.9M+9.3%	$322.9M-20.1%	$404.3M-48.3%	$781.3M+33.3%	$586.2M+23.1%	$476.3M-8.9%	$522.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.6B-3.8%	$2.6B-2.5%	$2.6B+0.7%	$2.6B-1.1%	$2.7B+2.9%	$2.6B+0.8%	$2.6B+1.6%	$2.7B+9.3%
Current Assets	$939.5M+23.5%	$819.3M+11.3%	$825.0M+16.2%	$798.2M+15.0%	$760.4M+21.9%	$736.2M+21.5%	$709.7M+1.7%	$693.9M+25.0%
Cash & Equivalents	$652.2M+104.0%	$501.3M+35.5%	$418.3M+13.7%	$338.0M+4.3%	$319.7M+16.2%	$370.0M+14.2%	$368.0M+10.8%	$324.1M+92.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$204.9M-37.5%	$230.1M-11.0%	$240.6M-7.0%	$359.6M+32.8%	$327.9M+15.6%	$258.5M+17.6%	$258.6M-7.8%	$270.9M-12.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$986.4M-10.6%	$1.0B-7.2%	$1.0B-3.8%	$1.1B-3.1%	$1.1B+0.3%	$1.1B-5.0%	$1.1B+2.1%	$1.1B+20.6%
Current Liabilities	$271.1M-22.1%	$281.1M-13.1%	$299.7M-1.6%	$314.1M+3.6%	$348.0M+15.9%	$323.4M-7.1%	$304.4M-32.1%	$303.2M-22.3%
Non-Current Liabilities	$715.2M-5.4%	$730.2M-4.7%	$736.3M-4.7%	$742.9M-5.6%	$755.8M-5.5%	$766.4M-4.1%	$772.9M+27.5%	$787.4M+53.2%
Long-Term Debt	$294.8M-2.5%	$294.4M-2.4%	$298.4M-2.5%	$297.8M-2.5%	$302.2M-2.4%	$301.7M-2.4%	$306.0M-2.4%	$305.5M+39.8%
Total Equity	$1.6B+0.9%	$1.6B+0.8%	$1.6B+4.0%	$1.6B+0.3%	$1.6B+4.8%	$1.5B+5.3%	$1.5B+1.3%	$1.6B+2.6%
Retained Earnings	$408.2M+10.8%	$385.5M+3.9%	$398.9M+8.4%	$390.6M+12.3%	$368.6M+15.7%	$371.2M+29.7%	$368.1M+17.8%	$348.0M+2.1%

Not reported in any period shown, so not listed: Inventory, Goodwill.

HLX Cash Flow Statement

HLX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$253.1M	$136.7M-26.5%	$186.0M+22.0%	$152.5M+198.3%	$51.1M-63.5%	$140.1M+41.8%	$98.8M-41.8%	$169.7M-13.8%	$196.7M+281.0%	$51.6M+33.4%	$38.7M-65.1%	$110.8M-69.2%	$359.5M+383.5%	$74.4M-83.6%	$452.5M-20.2%	$567.2M
Depreciation & Amortization	N/A	$187.4M+8.1%	$173.3M+5.6%	$164.1M+15.0%	$142.7M+0.8%	$141.5M+5.8%	$133.7M+18.6%	$112.7M+2.0%	$110.5M+1.6%	$108.7M-4.8%	$114.2M-5.2%	$120.4M+10.1%	$109.3M+11.0%	$98.5M+1.4%	$97.2M+6.6%	$91.2M
Stock-Based Compensation	N/A	$6.6M-9.6%	$7.3M+11.6%	$6.5M-12.6%	$7.5M-3.1%	$7.7M-10.3%	$8.6M-25.3%	$11.5M+15.6%	$9.9M-8.8%	$10.9M+85.6%	$5.9M-10.4%	$6.5M+108.8%	$3.1M-62.3%	$8.3M+8.9%	$7.6M+9.4%	$7.0M
Capital Expenditures	$17.8M	$16.3M-29.9%	$23.3M+19.0%	$19.6M-41.5%	$33.5M+302.6%	$8.3M-58.9%	$20.2M-85.6%	$140.9M+2.8%	$137.1M-40.7%	$231.1M+23.9%	$186.5M-41.8%	$320.3M-4.9%	$336.9M+3.8%	$324.4M+0.4%	$323.0M+222.5%	$100.2M
Free Cash Flow	$235.4M	$120.4M-26.0%	$162.7M+22.5%	$132.9M+654.8%	$17.6M-86.6%	$131.8M+67.8%	$78.6M+172.6%	$28.8M-51.7%	$59.7M+133.2%	-$179.5M-21.5%	-$147.8M+29.5%	-$209.5M-1028.1%	$22.6M+109.0%	-$250.1M-293.2%	$129.5M-72.3%	$467.0M
Investing Cash Flow	$86.8M	-$16.3M+28.5%	-$22.8M-22.4%	-$18.7M+86.5%	-$138.3M-1572.0%	-$8.3M+57.1%	-$19.3M+86.5%	-$142.4M-4.7%	-$136.0M+38.5%	-$221.1M-50.3%	-$147.1M+50.3%	-$295.7M+11.9%	-$335.5M-173.4%	$456.9M+209.9%	-$415.8M-128.0%	-$182.3M
Financing Cash Flow	-$8.3M	-$45.1M+64.0%	-$125.3M-599.1%	$25.1M+156.0%	-$44.8M+53.3%	-$96.0M-82.6%	-$52.6M-14.8%	-$45.8M+0.8%	-$46.2M-159.6%	$77.5M	N/A	N/A	N/A	-$487.4M-235.6%	-$145.2M+36.8%	-$229.9M
Share Buybacks	N/A	N/A	$29.6M+147.1%	$12.0M	N/A	N/A	N/A	N/A	N/A	N/A	$341K-69.6%	$1.1M-86.6%	$8.4M-25.5%	$11.3M+56.4%	$7.2M-5.4%	$7.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$53.9M+414.6%	$61.8M+275.8%	$113.2M+45.1%	$24.3M-56.4%	-$17.1M-40.9%	$16.4M-74.5%	$78.0M-17.7%	$55.7M+76.3%
Depreciation & Amortization	$39.5M-0.1%	$43.9M+3.3%	$43.9M+8.1%	$55.7M+29.7%	$39.5M-9.2%	$42.5M-8.4%	$40.6M-8.0%	$42.9M-0.8%
Stock-Based Compensation	N/A	$1.4M-17.4%	N/A	N/A	N/A	$1.7M-3.5%	N/A	N/A
Capital Expenditures	$7.2M+75.4%	$2.8M-37.4%	$5.7M-54.5%	$2.1M-35.2%	$4.1M+2.6%	$4.5M+24.5%	$12.5M+265.8%	$3.2M-61.4%
Free Cash Flow	$46.7M+320.1%	$59.0M+393.3%	$107.5M+64.2%	$22.2M-57.7%	-$21.2M-31.4%	$12.0M-80.4%	$65.5M-28.3%	$52.5M+124.9%
Investing Cash Flow	$97.0M+2270.7%	-$2.8M+37.4%	-$5.7M+54.5%	-$1.7M+45.3%	-$4.5M-12.1%	-$4.5M-38.4%	-$12.5M-338.0%	-$3.1M+62.6%
Financing Cash Flow	$319K+101.1%	-$4.3M+60.8%	-$138K+99.3%	-$4.1M-2.3%	-$29.7M+7.8%	-$11.1M+84.0%	-$19.7M-125.8%	-$4.0M+88.9%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$19.4M	$0-100.0%

Not reported in any period shown, so not listed: Dividends Paid.

HLX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HLX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	12.3%-3.8pp	16.2%+0.6pp	15.5%+9.7pp	5.8%+3.5pp	2.3%-8.6pp	10.9%-7.4pp	18.3%+1.9pp	16.4%+5.8pp	10.7%+1.1pp	9.5%+43.1pp	-33.6%-64.7pp	31.1%+1.3pp	29.7%+23.8pp	5.9%-15.4pp	21.3%
Operating Margin	5.0%-4.3pp	9.4%+4.5pp	4.9%+10.1pp	-5.1%+2.1pp	-7.2%-9.0pp	1.8%-7.3pp	9.0%+2.1pp	7.0%+7.2pp	-0.2%+12.8pp	-13.0%+31.2pp	-44.2%-67.8pp	23.6%+3.2pp	20.4%+28.5pp	-8.1%-17.1pp	9.0%
Net Margin	2.4%-1.7pp	4.1%+4.9pp	-0.8%+9.2pp	-10.1%-0.9pp	-9.1%-12.1pp	3.0%-4.7pp	7.7%+3.8pp	3.9%-1.3pp	5.2%+21.9pp	-16.7%+37.5pp	-54.2%-71.8pp	17.7%+4.8pp	12.9%+18.4pp	-5.5%-24.0pp	18.5%
Return on Equity	1.9%-1.7pp	3.7%+4.4pp	-0.7%+5.1pp	-5.8%-2.0pp	-3.7%-5.0pp	1.3%-2.1pp	3.4%+1.6pp	1.8%-0.1pp	1.9%+8.3pp	-6.3%+23.1pp	-29.5%-41.3pp	11.8%+4.3pp	7.5%+10.9pp	-3.3%-12.5pp	9.1%
Return on Assets	1.2%-1.0pp	2.1%+2.6pp	-0.4%+3.3pp	-3.7%-1.0pp	-2.6%-3.5pp	0.9%-1.3pp	2.2%+1.0pp	1.2%0.0pp	1.3%+4.9pp	-3.6%+12.1pp	-15.7%-22.9pp	7.2%+2.8pp	4.4%+5.8pp	-1.4%-5.0pp	3.6%
Current Ratio	2.75+0.4x	2.33+0.8x	1.560.0x	1.55-0.4x	1.900.0x	1.88+0.3x	1.54-0.8x	2.35+0.7x	1.70-1.1x	2.80-0.4x	3.24+0.2x	3.08-0.8x	3.91+2.1x	1.77-0.6x	2.38
Debt-to-Equity	0.190.0x	0.200.0x	0.21+0.1x	0.150.0x	0.160.0x	0.150.0x	0.18-0.1x	0.240.0x	0.25-0.2x	0.44-0.1x	0.53+0.2x	0.320.0x	0.36-0.4x	0.72-0.1x	0.81
Asset Turnover	0.490.0x	0.520.0x	0.50+0.1x	0.37+0.1x	0.290.0x	0.290.0x	0.290.0x	0.32+0.1x	0.250.0x	0.22-0.1x	0.29-0.1x	0.41+0.1x	0.34+0.1x	0.25+0.1x	0.20
FCF Margin	9.3%-2.7pp	12.0%+1.7pp	10.3%+8.3pp	2.0%-17.5pp	19.5%+8.8pp	10.7%+6.9pp	3.8%-4.2pp	8.1%+38.9pp	-30.9%-0.6pp	-30.3%-0.2pp	-30.1%-32.1pp	2.0%+30.6pp	-28.5%-43.8pp	15.3%-51.2pp	66.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	18.5%+13.1pp	3.1%-6.8pp	13.6%-3.0pp	17.5%-1.7pp	5.3%-15.3pp	9.9%+3.3pp	16.6%+1.9pp	19.2%-1.2pp
Operating Margin	8.8%+10.0pp	-4.6%-7.6pp	3.2%-5.5pp	12.7%-0.3pp	-1.2%-15.8pp	2.9%+3.4pp	8.7%+4.1pp	13.0%+3.9pp
Net Margin	7.5%+8.5pp	-4.7%-5.8pp	2.1%-3.5pp	5.9%-2.8pp	-1.0%-9.9pp	1.1%+10.0pp	5.7%+14.1pp	8.6%+4.7pp
Return on Equity	1.4%+1.6pp	-0.9%-1.1pp	0.5%-0.8pp	1.4%-0.5pp	-0.2%-2.3pp	0.2%+2.0pp	1.3%+3.2pp	1.9%+0.9pp
Return on Assets	0.9%+1.0pp	-0.5%-0.6pp	0.3%-0.5pp	0.8%-0.3pp	-0.1%-1.3pp	0.1%+1.1pp	0.8%+1.9pp	1.1%+0.5pp
Current Ratio	3.47+1.3x	2.92+0.6x	2.75+0.4x	2.54+0.3x	2.19+0.1x	2.28+0.5x	2.33+0.8x	2.29+0.9x
Debt-to-Equity	0.190.0x	0.190.0x	0.190.0x	0.190.0x	0.190.0x	0.200.0x	0.200.0x	0.19+0.1x
Asset Turnover	0.120.0x	0.110.0x	0.150.0x	0.140.0x	0.090.0x	0.110.0x	0.140.0x	0.130.0x
FCF Margin	15.4%+23.8pp	20.5%+16.2pp	27.9%+9.5pp	5.9%-9.5pp	-8.4%-4.0pp	4.3%-16.2pp	18.4%-8.8pp	15.3%+9.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Helix Energy Solutions Group, Inc. HLX	FY2025	$1.3B	$30.8M	2.4%	$1.6B	58/100
National Energy Services Reunited Corp. NESR	FY2025	$1.3B	$51.1M	3.9%	$2.1B	55/100
RPC, Inc. RES	FY2025	$1.6B	$32.1M	2.0%	$1.3B	59/100
NPK International Inc. NPKI	FY2025	$277.0M	$38.9M	14.1%	$956.1M	66/100
Innovex International, Inc. INVX	FY2025	$978.3M	$83.3M	8.5%	$2.0B	73/100
Bristow Group Inc. VTOL	FY2025	$1.5B	$129.1M	8.7%	$1.2B	51/100

Where Helix Energy Solutions Group, Inc. Ranks

Frequently Asked Questions

What is Helix Energy Solutions Group, Inc.'s annual revenue?

Helix Energy Solutions Group, Inc. (HLX) reported $1.3B in total revenue for fiscal year 2025. This represents a -4.9% 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 Helix Energy Solutions Group, Inc.'s revenue growing?

Helix Energy Solutions Group, Inc. (HLX) revenue declined by 4.9% year-over-year, from $1.4B to $1.3B in fiscal year 2025.

Is Helix Energy Solutions Group, Inc. profitable?

Yes, Helix Energy Solutions Group, Inc. (HLX) reported a net income of $30.8M in fiscal year 2025, with a net profit margin of 2.4%.

What is Helix Energy Solutions Group, Inc.'s EBITDA?

Helix Energy Solutions Group, Inc. (HLX) had EBITDA of $252.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Helix Energy Solutions Group, Inc. have?

As of fiscal year 2025, Helix Energy Solutions Group, Inc. (HLX) had $418.3M in cash and equivalents against $298.4M in long-term debt.

What is Helix Energy Solutions Group, Inc.'s gross margin?

Helix Energy Solutions Group, Inc. (HLX) had a gross margin of 12.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Helix Energy Solutions Group, Inc.'s operating margin?

Helix Energy Solutions Group, Inc. (HLX) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Helix Energy Solutions Group, Inc.'s net profit margin?

Helix Energy Solutions Group, Inc. (HLX) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Helix Energy Solutions Group, Inc.'s return on equity (ROE)?

Helix Energy Solutions Group, Inc. (HLX) has a return on equity of 1.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Helix Energy Solutions Group, Inc.'s free cash flow?

Helix Energy Solutions Group, Inc. (HLX) generated $120.4M in free cash flow during fiscal year 2025. This represents a -26.0% 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 Helix Energy Solutions Group, Inc.'s operating cash flow?

Helix Energy Solutions Group, Inc. (HLX) generated $136.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Helix Energy Solutions Group, Inc.'s total assets?

Helix Energy Solutions Group, Inc. (HLX) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Helix Energy Solutions Group, Inc.'s capital expenditures?

Helix Energy Solutions Group, Inc. (HLX) invested $16.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Helix Energy Solutions Group, Inc. have outstanding?

Helix Energy Solutions Group, Inc. (HLX) had 147M shares outstanding as of fiscal year 2025.

What is Helix Energy Solutions Group, Inc.'s current ratio?

Helix Energy Solutions Group, Inc. (HLX) had a current ratio of 2.75 as of fiscal year 2025, which is generally considered healthy.

What is Helix Energy Solutions Group, Inc.'s debt-to-equity ratio?

Helix Energy Solutions Group, Inc. (HLX) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Helix Energy Solutions Group, Inc.'s return on assets (ROA)?

Helix Energy Solutions Group, Inc. (HLX) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Helix Energy Solutions Group, Inc.'s Altman Z-Score?

Helix Energy Solutions Group, Inc. (HLX) has an Altman Z-Score of 1.94, placing it in the Grey Zone (moderate 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 Helix Energy Solutions Group, Inc.'s Piotroski F-Score?

Helix Energy Solutions Group, Inc. (HLX) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Helix Energy Solutions Group, Inc.'s earnings high quality?

Helix Energy Solutions Group, Inc. (HLX) has an earnings quality ratio of 4.44x, 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.

Can Helix Energy Solutions Group, Inc. cover its interest payments?

Helix Energy Solutions Group, Inc. (HLX) has an interest coverage ratio of 1.98x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Helix Energy Solutions Group, Inc.?

Helix Energy Solutions Group, Inc. (HLX) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.