HORNBECK OFFSHORE SERVICES, INC. HLX
Helix Energy Solutions Group, Inc. (together with its subsidiaries, unless context requires otherwise, "Helix," the "Company," "we," "us" or "our") was incorporated in 1979 and in 1983 was re-incorporated in the state of Minnesota. We are an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. See "Our Operations" below for additional information regarding business operations.
Last close
10.60
2026-09-01
Market cap
$1.56B
2026-06-30 share count
52-week range
6.11 - 10.75
Valuation FY2025 figures against the last close
P/S1.2x
P/E50.5x
P/FCF13.0x
EV/EBITDA5.6x
Dividend yield—
Diluted EPS0.21
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.36B | $1.29B | $873.1M | $674.7M | $733.6M | $751.9M | $739.8M | $581.4M | $487.6M |
| Cost of revenue | $1.13B | $1.14B | $1.09B | $822.5M | $659.3M | $653.6M | $614.1M | $618.1M | $519.2M | $441.1M |
| Gross profit | $159.1M | $219.6M | $200.4M | $50.6M | $15.4M | $79.9M | $137.8M | $121.7M | $62.2M | $46.5M |
| SG&A | $75.9M | $91.7M | $94.4M | $76.8M | $63.4M | $61.1M | $69.8M | $70.3M | $63.3M | $65.9M |
| Operating income | $65.1M | $127.4M | $63.5M | -$44.9M | -$48.7M | $13.0M | $68.0M | $51.5M | -$1.1M | -$63.2M |
| Interest expense | $33.0M | $33.9M | $21.4M | $20.2M | $23.5M | $30.5M | $31.2M | $32.6M | $38.3M | $45.1M |
| Pre-tax income | $42.5M | $82.1M | $7.5M | -$75.2M | -$70.6M | $1.4M | $65.6M | $31.0M | -$20.4M | -$93.9M |
| Income tax | $11.7M | $26.4M | $18.4M | $12.6M | $9.0M | $18.7M | $7.9M | $2.4M | $50.4M | $12.5M |
| Net income | $30.8M | $55.6M | -$10.8M | -$87.8M | -$61.5M | $22.2M | $57.9M | $28.6M | $30.1M | -$81.4M |
| EPS, basic | 0.21 | 0.37 | -0.07 | -0.58 | -0.41 | 0.13 | 0.39 | 0.19 | 0.20 | -0.73 |
| EPS, diluted | 0.21 | 0.36 | -0.07 | -0.58 | -0.41 | 0.13 | 0.38 | 0.19 | 0.20 | -0.73 |
| Shares, diluted (wtd. avg.) | 148.5M | 154.7M | 150.9M | 151.3M | 150.1M | 149.9M | 149.6M | 146.8M | 145.3M | 111.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $445.2M | $368.0M | $332.2M | $189.1M | $327.1M | $291.3M | $262.6M | $279.5M | $266.6M | $356.6M |
| Receivables | $303.9M | $258.6M | $280.4M | $212.8M | $144.1M | $132.2M | $125.5M | $67.9M | $113.3M | $101.8M |
| Total current assets | $825.0M | $709.7M | $697.8M | $460.6M | $529.5M | $525.6M | $438.5M | $450.9M | $451.6M | $522.8M |
| Property, plant and equipment | $1.36B | $1.44B | $1.57B | $1.64B | $1.66B | $1.78B | $1.87B | $1.83B | $1.81B | $1.65B |
| Goodwill | — | — | — | — | — | $0 | $7.2M | $0 | — | $0 |
| Other intangibles | $3.3M | $3.6M | $4.1M | $4.5M | $3.5M | $3.8M | $3.8M | $1.4M | — | — |
| Total assets | $2.62B | $2.60B | $2.56B | $2.39B | $2.33B | $2.50B | $2.60B | $2.35B | $2.36B | $2.25B |
| Accounts payable | $134.3M | $144.8M | $134.6M | $135.3M | $88.0M | $50.0M | $69.1M | $54.8M | $81.3M | $60.2M |
| Short-term debt | $9.6M | $9.2M | $48.3M | $38.2M | $42.9M | $90.7M | $99.7M | $47.3M | $109.9M | $67.6M |
| Total current liabilities | $299.7M | $304.4M | $448.6M | $298.0M | $278.3M | $279.3M | $285.0M | $191.5M | $265.6M | $186.4M |
| Long-term debt | $298.4M | $306.0M | $313.4M | $225.9M | $262.1M | $258.9M | $306.1M | $393.1M | $385.8M | $558.4M |
| Total liabilities | $1.04B | $1.08B | $1.06B | $872.6M | $678.6M | $753.9M | $893.7M | $730.0M | $795.4M | $965.1M |
| Retained earnings | $398.9M | $368.1M | $312.4M | $323.3M | $411.1M | $464.5M | $445.4M | $383.0M | $352.9M | $322.9M |
| Total equity | $1.58B | $1.52B | $1.50B | $1.52B | $1.65B | $1.74B | $1.70B | $1.62B | $1.57B | $1.28B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $136.7M | $186.0M | $152.5M | $51.1M | $140.1M | $98.8M | $169.7M | $196.7M | $51.6M | $38.7M |
| Depreciation and amortisation | $187.4M | $173.3M | $164.1M | $142.7M | $141.5M | $133.7M | $112.7M | $110.5M | $108.7M | $114.2M |
| Stock-based compensation | $6.6M | $7.3M | $6.5M | $7.5M | $7.7M | $8.6M | $11.5M | $9.9M | $10.9M | $5.9M |
| Capital expenditure | $16.3M | $23.3M | $19.6M | $33.5M | $8.3M | $20.2M | $140.9M | $137.1M | $231.1M | $186.5M |
| Investing cash flow | -$16.3M | -$22.8M | -$18.7M | -$138.3M | -$8.3M | -$19.3M | -$142.4M | -$136.0M | -$221.1M | -$147.1M |
| Financing cash flow | -$45.1M | -$125.3M | $25.1M | -$44.8M | -$96.0M | -$52.6M | -$45.8M | -$46.2M | $77.5M | -$25.5M |
| Buybacks | — | $29.6M | $12.0M | — | — | — | — | — | — | $341.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000866829-26-000008.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $487.6M | $581.4M | $739.8M | $751.9M | $733.6M | $674.7M | $873.1M | $1.29B | $1.36B | $1.29B |
| Gross profit | $46.5M | $62.2M | $121.7M | $137.8M | $79.9M | $15.4M | $50.6M | $200.4M | $219.6M | $159.1M |
| Net income | -$81.4M | $30.1M | $28.6M | $57.9M | $22.2M | -$61.5M | -$87.8M | -$10.8M | $55.6M | $30.8M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Change of control Control of the company has changed hands. Item 5.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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