Helix Energy Solutions Group (HLX) Financials

$6.19 -0.14 (-2.21%)

Closing price 03:59 PM Eastern

Extended Trading

$6.30 +0.11 (+1.86%)

As of 07:57 PM Eastern

Annual Income Statements for Helix Energy Solutions Group

This table shows Helix Energy Solutions Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	56	-11	-88	-62	22	58	29	30	-81	-377	195
Consolidated Net Income / (Loss)	56	-11	-88	-62	20	58	29	30	-81	-377	196
Net Income / (Loss) Continuing Operations	56	-11	-88	-62	20	58	29	30	-81	-377	196
Total Pre-Tax Income	82	7.51	-75	-71	1.38	66	31	-20	-94	-478	263
Total Operating Income	127	64	-45	-49	13	68	52	-1.13	-63	-307	262
Total Gross Profit	220	200	51	15	80	138	122	62	47	-234	344
Total Revenue	1,359	1,290	873	675	734	752	740	581	488	696	1,107
Operating Revenue	1,359	1,290	873	675	734	752	740	581	488	696	1,107
Total Cost of Revenue	1,139	1,089	822	659	654	614	618	519	441	930	763
Operating Cost of Revenue	1,139	1,089	822	659	654	614	618	519	441	930	763
Total Operating Expenses	92	137	95	64	67	70	70	63	110	74	82
Selling, General & Admin Expense	92	94	77	63	61	70	70	63	66	57	93
Restructuring Charge	0.00	0.54	2.66	0.00	0.00	-	-	-	-	-	-
Other Special Charges / (Income)	0.48	42	16	0.63	-0.89	0.00	-0.15	0.04	-1.29	-0.09	-10
Total Other Income / (Expense), net	-45	-56	-30	-22	-12	-2.44	-21	-19	-31	-171	0.77
Interest Expense	21	37	0.00	0.14	-9.24	0.02	1.18	0.40	3.54	-	-
Interest & Investment Income	-21	-15	-7.00	-20	-28	-3.59	-18	-21	-33	-151	-17
Other Income / (Expense), net	-3.92	-3.59	-23	-1.49	7.43	1.17	-1.69	2.30	6.27	-20	18
Income Tax Expense	26	18	13	-8.96	-19	7.86	2.40	-50	-12	-101	67
Basic Earnings per Share	$0.37	($0.07)	($0.58)	($0.41)	$0.13	$0.39	$0.19	$0.20	($0.73)	($3.58)	$1.85
Weighted Average Basic Shares Outstanding	151.99M	150.92M	151.28M	150.06M	148.99M	147.54M	146.70M	145.30M	111.61M	105.42M	105.03M
Diluted Earnings per Share	$0.36	($0.07)	($0.58)	($0.41)	$0.13	$0.38	$0.19	$0.20	($0.73)	($3.58)	$1.85
Weighted Average Diluted Shares Outstanding	154.70M	150.92M	151.28M	150.06M	149.90M	149.58M	146.83M	145.30M	111.61M	105.42M	105.05M
Weighted Average Basic & Diluted Shares Outstanding	150.94M	152.42M	152.15M	151.64M	150.71M	149.96M	150.50M	150.30M	111.60M	105.30M	105.40M

This table shows Helix Energy Solutions Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	3.07	20	30	32	-26	-28	16	7.10	-5.17	2.71	-19
Consolidated Net Income / (Loss)	3.07	20	30	32	-26	-28	16	7.10	-5.17	2.71	-19
Net Income / (Loss) Continuing Operations	3.07	20	30	32	-26	-28	16	7.10	-5.17	2.71	-19
Total Pre-Tax Income	3.53	24	39	47	-28	-20	24	10	-7.18	5.24	-12
Total Operating Income	8.17	31	45	53	-1.28	15	36	20	-8.30	-5.13	12
Total Gross Profit	28	59	66	75	20	49	81	55	15	31	39
Total Revenue	278	355	342	365	296	335	396	309	250	288	273
Operating Revenue	278	355	342	365	296	335	396	309	250	288	273
Total Cost of Revenue	251	296	277	289	277	286	315	253	235	256	233
Operating Cost of Revenue	251	296	277	289	277	286	315	253	235	256	233
Total Operating Expenses	19	28	21	22	21	34	44	35	23	36	27
Selling, General & Admin Expense	19	28	21	22	21	23	28	24	20	23	24
Other Special Charges / (Income)	0.00	0.43	-0.10	0.00	0.15	11	16	11	3.63	13	2.66
Total Other Income / (Expense), net	-4.65	-6.88	-5.61	-6.18	-27	-35	-12	-9.79	1.12	10	-24
Interest Expense	0.00	-	0.00	0.00	21	37	0.00	0.00	0.00	-	-
Interest & Investment Income	-4.29	-5.51	-5.56	-5.89	-3.57	-4.68	-4.07	-4.05	-2.32	-2.78	-4.57
Other Income / (Expense), net	-0.36	-1.37	-0.05	-0.29	-2.22	6.96	-8.26	-5.74	3.44	13	-20
Income Tax Expense	0.45	3.88	9.52	15	-1.70	8.72	8.34	3.31	-2.02	2.53	6.50
Basic Earnings per Share	$0.02	$0.14	$0.19	$0.21	($0.17)	($0.19)	$0.10	$0.05	($0.03)	$0.02	($0.12)
Weighted Average Basic Shares Outstanding	151.04M	151.99M	151.91M	152.23M	152.37M	150.92M	150.55M	150.79M	151.76M	151.28M	151.33M
Diluted Earnings per Share	$0.02	$0.13	$0.19	$0.21	($0.17)	($0.19)	$0.10	$0.05	($0.03)	$0.02	($0.12)
Weighted Average Diluted Shares Outstanding	152.17M	154.70M	154.85M	155.02M	152.37M	150.92M	153.62M	153.40M	151.76M	151.28M	151.33M
Weighted Average Basic & Diluted Shares Outstanding	151.53M	150.94M	152.10M	152.05M	152.45M	152.42M	150.71M	150.82M	151.50M	152.15M	151.82M

This table details how cash moves in and out of Helix Energy Solutions Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	36	143	-138	36	29	-19	13	-92	-138	18	-1.71
Net Cash From Operating Activities	186	152	51	140	99	170	197	52	39	111	359
Net Cash From Continuing Operating Activities	186	152	51	140	99	170	197	52	39	111	359
Net Income / (Loss) Continuing Operations	56	-11	-88	-62	20	58	29	30	-81	-377	196
Consolidated Net Income / (Loss)	56	-11	-88	-62	20	58	29	30	-81	-377	196
Depreciation Expense	137	138	129	142	134	113	111	109	114	120	109
Amortization Expense	38	28	16	3.18	10	9.86	9.33	11	14	12	10
Non-Cash Adjustments To Reconcile Net Income	-64	-11	-14	-4.49	-2.24	9.42	16	14	55	492	-7.18
Changes in Operating Assets and Liabilities, net	19	7.47	8.16	62	-63	-20	32	-112	-63	-136	51
Net Cash From Investing Activities	-23	-19	-138	-8.27	-19	-142	-136	-221	-147	-296	-336
Net Cash From Continuing Investing Activities	-23	-19	-138	-8.27	-19	-142	-136	-221	-147	-296	-336
Purchase of Property, Plant & Equipment	-23	-20	-34	-8.32	-20	-141	-137	-231	-186	-320	-337
Acquisitions	0.00	0.00	-113	0.00	0.00	-4.08	0.00	0.00	-	-	-20
Sale of Property, Plant & Equipment	0.10	0.37	0.00	0.05	0.96	2.55	0.03	10	13	18	14
Sale and/or Maturity of Investments	0.00	0.00	7.84	0.00	0.00	-	-	-	1.20	7.00	7.91
Other Investing Activities, net	0.36	0.56	0.00	0.00	-	-	1.04	0.00	0.00	-	-
Net Cash From Financing Activities	-125	25	-45	-96	-53	-46	-46	77	-26	205	-30
Net Cash From Continuing Financing Activities	-125	25	-45	-96	-42	-46	-46	77	-26	205	-30
Repayment of Debt	-71	-276	-44	-92	-237	-80	-170	-240	-247	-48	-24
Repurchase of Common Equity	-30	-12	0.00	-2.36	0.00	0.00	-	-	-	-	-8.38
Issuance of Debt	0.00	299	0.00	0.00	200	35	125	100	125	250	0.00
Issuance of Common Equity	1.86	0.98	0.58	0.65	0.62	0.46	0.51	220	97	3.48	3.22
Other Financing Activities, net	-27	14	-1.90	-2.00	-5.26	-1.68	-1.41	-2.04	-0.34	-1.12	0.07
Effect of Exchange Rate Changes	-2.04	-16	-5.99	-0.04	1.82	-	-1.68	-	-3.63	-2.01	4.39

This table details how cash moves in and out of Helix Energy Solutions Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1.96	44	49	-49	-8.34	164	-14	13	-20	24	-98
Net Cash From Operating Activities	16	78	56	-12	64	95	32	32	-5.39	50	25
Net Cash From Continuing Operating Activities	16	78	56	-12	64	95	32	32	-5.39	50	25
Net Income / (Loss) Continuing Operations	3.07	20	30	32	-26	-28	16	7.10	-5.17	2.71	-19
Consolidated Net Income / (Loss)	3.07	20	30	32	-26	-28	16	7.10	-5.17	2.71	-19
Depreciation Expense	33	4.47	43	43	46	18	43	39	38	26	36
Amortization Expense	9.79	37	0.56	0.59	0.62	26	0.64	0.60	0.60	15	0.58
Non-Cash Adjustments To Reconcile Net Income	-17	-90	-1.59	1.98	25	-27	10	7.74	-2.13	-53	30
Changes in Operating Assets and Liabilities, net	-13	106	-16	-90	19	105	-38	-23	-36	59	-24
Net Cash From Investing Activities	-4.49	-13	-3.09	-3.99	-3.24	-2.86	-8.25	-1.26	-6.30	-29	-115
Net Cash From Continuing Investing Activities	-4.49	-13	-3.09	-3.99	-3.24	-2.86	-8.25	-1.26	-6.30	-29	-115
Purchase of Property, Plant & Equipment	-4.49	-13	-3.19	-3.99	-3.61	-3.42	-8.25	-1.26	-6.67	-29	-2.80
Other Investing Activities, net	0.00	-	-	-	0.36	0.56	-	-	0.00	-	-
Net Cash From Financing Activities	-11	-20	-4.05	-32	-69	76	-36	-5.65	-9.42	-0.41	-4.12
Net Cash From Continuing Financing Activities	-11	-20	-4.05	-32	-69	76	-36	-5.65	-9.42	-0.41	-4.12
Repayment of Debt	-4.54	-0.08	-4.79	-0.13	-66	-237	-35	-0.10	-4.12	-0.03	-4.34
Repurchase of Common Equity	0.00	-19	-	-6.01	-4.18	-	-1.93	-5.08	-4.98	-	-
Issuance of Common Equity	0.73	-	0.74	0.62	0.50	-	0.39	0.35	0.24	-	0.22
Other Financing Activities, net	-7.27	-0.23	-	-27	0.38	15	-	-0.82	-0.56	-0.38	-
Effect of Exchange Rate Changes	1.08	-1.81	0.46	-0.41	-0.28	-4.54	-1.34	-11	1.19	3.55	-3.43

This table presents Helix Energy Solutions Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	2,597	2,556	2,389	2,326	2,498	2,597	2,348	2,363	2,247	2,400	2,701
Total Current Assets	710	698	461	530	526	438	451	452	523	684	694
Cash & Equivalents	368	332	187	254	291	208	279	267	357	494	476
Accounts Receivable	259	280	213	144	132	125	120	143	112	97	133
Other Current Assets	83	85	59	58	102	50	52	42	37	40	53
Plant, Property, & Equipment, net	1,438	1,573	1,642	1,658	1,783	1,873	1,827	1,806	1,652	1,603	1,735
Plant, Property & Equipment, gross	3,069	3,079	3,016	2,938	2,949	2,922	2,786	2,696	2,451	2,545	2,241
Accumulated Depreciation	1,631	1,506	1,375	1,281	1,166	1,050	959	890	799	942	506
Total Noncurrent Assets	450	285	287	139	190	286	70	105	73	113	271
Other Noncurrent Operating Assets	450	285	287	139	190	286	70	105	73	42	59
Total Liabilities & Shareholders' Equity	2,597	2,556	2,389	2,326	2,498	2,597	2,348	2,363	2,247	2,400	2,701
Total Liabilities	1,077	1,055	873	679	754	894	730	795	965	1,121	1,047
Total Current Liabilities	304	449	298	278	279	285	191	266	186	211	226
Short-Term Debt	9.19	48	38	43	91	100	47	110	68	72	28
Accounts Payable	145	135	135	88	50	69	55	81	60	65	83
Accrued Expenses	90	203	74	92	87	62	86	72	59	72	105
Other Current Liabilities	60	63	51	56	52	54	0.00	-	-	-	-
Total Noncurrent Liabilities	773	606	575	400	475	609	538	530	779	910	822
Long-Term Debt	306	313	226	262	259	306	393	386	558	678	523
Noncurrent Deferred & Payable Income Tax Liabilities	114	111	99	87	111	112	106	103	167	181	260
Other Noncurrent Operating Liabilities	353	182	250	51	105	190	40	41	53	51	38
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	1,520	1,501	1,517	1,647	1,740	1,700	1,618	1,567	1,282	1,279	1,653
Total Preferred & Common Equity	1,520	1,501	1,517	1,647	1,740	1,700	1,618	1,567	1,282	1,279	1,653
Total Common Equity	1,520	1,501	1,517	1,647	1,740	1,700	1,618	1,567	1,282	1,279	1,653
Common Stock	1,252	1,272	1,299	1,292	1,328	1,319	1,309	1,284	1,056	946	934
Retained Earnings	368	312	323	411	465	445	383	353	323	404	781
Accumulated Other Comprehensive Income / (Loss)	-101	-83	-105	-56	-52	-65	-74	-70	-97	-71	-62

This table presents Helix Energy Solutions Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,635	2,661	2,597	2,614	2,435	2,424	2,369	2,355
Total Current Assets	736	694	624	606	555	512	449	476
Cash & Equivalents	370	324	275	324	168	183	167	162
Accounts Receivable	258	271	284	220	308	253	217	228
Other Current Assets	108	99	65	62	79	76	63	83
Plant, Property, & Equipment, net	1,434	1,511	1,501	1,530	1,575	1,609	1,626	1,608
Plant, Property & Equipment, gross	3,114	3,137	3,074	3,067	3,050	3,059	3,037	2,946
Accumulated Depreciation	1,679	1,626	1,573	1,538	1,475	1,450	1,410	1,338
Total Noncurrent Assets	464	456	472	478	305	303	294	272
Other Noncurrent Operating Assets	464	456	472	478	305	303	294	272
Total Liabilities & Shareholders' Equity	2,635	2,661	2,597	2,614	2,435	2,424	2,369	2,355
Total Liabilities	1,090	1,091	1,100	1,147	904	892	854	874
Total Current Liabilities	323	303	300	348	390	383	288	330
Short-Term Debt	9.41	9.19	8.97	8.97	8.75	38	38	38
Accounts Payable	160	142	145	120	142	146	134	132
Accrued Expenses	91	92	89	164	178	143	61	112
Other Current Liabilities	64	60	58	55	61	56	54	48
Total Noncurrent Liabilities	766	787	800	799	514	509	566	543
Long-Term Debt	302	305	310	309	219	222	222	225
Noncurrent Deferred & Payable Income Tax Liabilities	113	124	120	110	106	100	98	97
Other Noncurrent Operating Liabilities	351	358	370	380	190	187	246	220
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,545	1,571	1,497	1,467	1,531	1,532	1,516	1,482
Total Preferred & Common Equity	1,545	1,571	1,497	1,467	1,531	1,532	1,516	1,482
Total Common Equity	1,545	1,571	1,497	1,467	1,531	1,532	1,516	1,482
Common Stock	1,247	1,270	1,268	1,270	1,291	1,291	1,294	1,297
Retained Earnings	371	348	318	286	341	325	318	321
Accumulated Other Comprehensive Income / (Loss)	-73	-48	-89	-90	-101	-85	-97	-136

This table displays calculated financial ratios and metrics derived from Helix Energy Solutions Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.34%	47.72%	29.40%	-8.02%	-2.44%	1.63%	27.25%	19.24%	-29.93%	-37.15%	26.31%
EBITDA Growth	32.06%	194.84%	-18.71%	-42.48%	-14.31%	12.99%	40.53%	70.43%	136.36%	-148.81%	35.58%
EBIT Growth	106.13%	187.88%	-35.89%	-345.26%	-70.42%	38.74%	4,157.05%	102.06%	82.57%	-216.96%	50.58%
NOPAT Growth	194.31%	-191.75%	7.87%	-118.02%	216.06%	25.85%	6,111.67%	98.21%	79.43%	-210.35%	39.65%
Net Income Growth	613.35%	87.65%	-42.31%	-407.13%	-65.19%	101.75%	-4.84%	136.90%	78.40%	-292.78%	72.98%
EPS Growth	614.29%	87.93%	-41.46%	-415.38%	-65.79%	100.00%	-5.00%	127.40%	79.61%	-293.51%	77.88%
Operating Cash Flow Growth	22.02%	198.30%	-63.52%	41.82%	-41.77%	-13.76%	281.01%	33.38%	-65.06%	-69.18%	383.45%
Free Cash Flow Firm Growth	592.52%	-1,435.81%	-98.41%	-38.53%	3,063.92%	-112.02%	126.55%	-181.26%	39.38%	-305.03%	237.90%
Invested Capital Growth	-4.16%	-3.84%	-2.07%	-9.83%	-2.37%	3.81%	-0.99%	15.81%	2.87%	-4.49%	8.57%
Revenue Q/Q Growth	1.49%	3.81%	15.81%	1.32%	-1.46%	1.68%	-0.66%	6.45%	-5.73%	-6.64%	-1.75%
EBITDA Q/Q Growth	0.45%	8.84%	107.17%	-28.30%	5.89%	7.62%	-6.16%	65.26%	128.07%	-205.83%	-9.79%
EBIT Q/Q Growth	4.18%	31.41%	33.88%	-263.36%	17.86%	21.81%	-20.06%	102.33%	85.22%	-658.26%	-13.77%
NOPAT Q/Q Growth	313.17%	-441.24%	32.64%	-132.02%	294.32%	24.04%	-62.86%	97.85%	83.11%	-473.62%	-12.67%
Net Income Q/Q Growth	674.56%	-153.64%	24.58%	-94.84%	-15.97%	60.20%	-69.22%	140.10%	81.10%	-1,181.81%	-13.03%
EPS Q/Q Growth	800.00%	-150.00%	24.68%	-86.36%	-18.75%	58.33%	-68.85%	133.33%	82.15%	-1,184.85%	-12.32%
Operating Cash Flow Q/Q Growth	-8.26%	41.91%	152.25%	-13.20%	-28.62%	24.95%	14.96%	-5.41%	-55.41%	13.82%	0.95%
Free Cash Flow Firm Q/Q Growth	205.00%	-268.30%	-94.01%	13.03%	359.98%	-31.69%	106.17%	-51.83%	-310.43%	41.68%	-33.29%
Invested Capital Q/Q Growth	-6.04%	-3.70%	0.70%	-2.40%	-0.23%	2.04%	1.34%	8.30%	1.15%	-17.92%	3.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.16%	15.53%	5.80%	2.28%	10.89%	18.33%	16.45%	10.69%	9.54%	-33.60%	31.07%
EBITDA Margin	22.02%	17.56%	8.80%	14.01%	22.40%	25.50%	22.94%	20.77%	14.53%	-28.01%	36.07%
Operating Margin	9.38%	4.92%	-5.14%	-7.22%	1.78%	9.04%	6.97%	-0.19%	-12.97%	-44.17%	23.64%
EBIT Margin	9.09%	4.65%	-7.81%	-7.44%	2.79%	9.20%	6.74%	0.20%	-11.68%	-46.98%	25.25%
Profit (Net Income) Margin	4.10%	-0.84%	-10.05%	-9.14%	2.74%	7.67%	3.87%	5.17%	-16.70%	-54.18%	17.66%
Tax Burden Percent	67.80%	-144.24%	116.76%	87.32%	1,452.21%	88.01%	92.26%	-147.52%	86.72%	78.84%	74.49%
Interest Burden Percent	66.44%	12.54%	110.26%	140.79%	6.76%	94.79%	62.18%	-1,739.71%	164.85%	146.27%	93.92%
Effective Tax Rate	32.20%	244.24%	0.00%	0.00%	-1,352.21%	11.99%	7.74%	0.00%	0.00%	0.00%	25.51%
Return on Invested Capital (ROIC)	5.76%	-5.87%	-1.95%	-1.99%	10.37%	3.30%	2.66%	-0.05%	-2.89%	-13.94%	12.86%
ROIC Less NNEP Spread (ROIC-NNEP)	269.33%	148.72%	-215.34%	-154.80%	-157.41%	1.89%	-7.06%	12.33%	-17.82%	-223.83%	12.07%
Return on Net Nonoperating Assets (RNNOA)	-2.08%	5.15%	-3.60%	-1.65%	-9.20%	0.17%	-0.86%	2.16%	-3.47%	-11.77%	-0.55%
Return on Equity (ROE)	3.68%	-0.72%	-5.55%	-3.64%	1.17%	3.47%	1.80%	2.11%	-6.36%	-25.71%	12.31%
Cash Return on Invested Capital (CROIC)	10.01%	-1.95%	0.14%	8.35%	12.77%	-0.43%	3.66%	-14.70%	-5.72%	-9.35%	4.64%
Operating Return on Assets (OROA)	4.79%	2.42%	-2.89%	-2.08%	0.80%	2.80%	2.12%	0.05%	-2.45%	-12.82%	10.66%
Return on Assets (ROA)	2.16%	-0.44%	-3.72%	-2.56%	0.79%	2.33%	1.21%	1.30%	-3.51%	-14.78%	7.46%
Return on Common Equity (ROCE)	3.68%	-0.72%	-5.55%	-3.63%	1.16%	3.47%	1.80%	2.11%	-6.36%	-25.71%	12.21%
Return on Equity Simple (ROE_SIMPLE)	3.66%	-0.72%	-5.79%	-3.74%	1.15%	3.39%	1.77%	1.92%	-6.35%	-29.48%	11.83%
Net Operating Profit after Tax (NOPAT)	86	-92	-31	-34	189	60	48	-0.79	-44	-215	195
NOPAT Margin	6.36%	-7.10%	-3.60%	-5.05%	25.79%	7.96%	6.43%	-0.14%	-9.08%	-30.92%	17.61%
Net Nonoperating Expense Percent (NNEP)	-263.56%	-154.59%	213.39%	152.82%	167.78%	1.41%	9.72%	-12.38%	14.92%	209.89%	0.79%
Return On Investment Capital (ROIC_SIMPLE)	4.71%	-4.92%	-1.76%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	83.84%	84.47%	94.20%	97.72%	89.11%	81.67%	83.55%	89.31%	90.46%	133.60%	68.93%
SG&A Expenses to Revenue	6.75%	7.32%	8.79%	9.40%	8.33%	9.29%	9.50%	10.88%	13.52%	8.23%	8.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.78%	10.61%	10.93%	9.50%	9.12%	9.29%	9.48%	10.89%	22.51%	10.58%	7.43%
Earnings before Interest and Taxes (EBIT)	124	60	-68	-50	20	69	50	1.17	-57	-327	280
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	299	227	77	95	164	192	170	121	71	-195	399
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	1.03	0.74	0.29	0.36	0.84	0.50	0.71	0.83	0.44	1.39
Price to Tangible Book Value (P/TBV)	0.93	1.03	0.74	0.29	0.36	0.84	0.50	0.71	0.83	0.45	1.44
Price to Revenue (P/Rev)	1.04	1.20	1.28	0.70	0.86	1.91	1.08	1.92	2.18	0.80	2.07
Price to Earnings (P/E)	25.48	0.00	0.00	0.00	28.44	24.74	28.03	37.06	0.00	0.00	11.74
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.92%	0.00%	0.00%	0.00%	3.52%	4.04%	3.57%	2.70%	0.00%	0.00%	8.52%
Enterprise Value to Invested Capital (EV/IC)	0.93	1.03	0.75	0.28	0.38	0.86	0.54	0.75	0.86	0.52	1.40
Enterprise Value to Revenue (EV/Rev)	1.00	1.22	1.37	0.66	0.94	2.10	1.30	2.31	2.73	1.13	2.00
Enterprise Value to EBITDA (EV/EBITDA)	4.56	6.97	15.56	4.75	4.22	8.24	5.67	11.12	18.81	0.00	5.55
Enterprise Value to EBIT (EV/EBIT)	11.05	26.35	0.00	0.00	33.86	22.84	19.31	1,146.75	0.00	0.00	7.93
Enterprise Value to NOPAT (EV/NOPAT)	15.80	0.00	0.00	0.00	3.66	26.40	20.24	0.00	0.00	0.00	11.36
Enterprise Value to Operating Cash Flow (EV/OCF)	7.34	10.36	23.39	3.20	7.01	9.31	4.89	26.01	34.42	7.10	6.16
Enterprise Value to Free Cash Flow (EV/FCFF)	9.10	0.00	524.19	3.13	2.97	0.00	14.73	0.00	0.00	0.00	31.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.24	0.17	0.19	0.20	0.24	0.27	0.32	0.49	0.59	0.33
Long-Term Debt to Equity	0.20	0.21	0.15	0.16	0.15	0.18	0.24	0.25	0.44	0.53	0.32
Financial Leverage	-0.01	0.03	0.02	0.01	0.06	0.09	0.12	0.17	0.19	0.05	-0.05
Leverage Ratio	1.71	1.64	1.49	1.42	1.48	1.49	1.48	1.62	1.81	1.74	1.65
Compound Leverage Factor	1.13	0.21	1.64	2.00	0.10	1.41	0.92	-28.15	2.99	2.54	1.55
Debt to Total Capital	17.18%	19.42%	14.83%	15.62%	16.69%	19.24%	21.39%	24.02%	32.81%	36.94%	25.01%
Short-Term Debt to Total Capital	0.50%	2.59%	2.15%	2.20%	4.33%	4.73%	2.30%	5.33%	3.54%	3.53%	1.28%
Long-Term Debt to Total Capital	16.67%	16.83%	12.68%	13.43%	12.37%	14.52%	19.10%	18.70%	29.27%	33.41%	23.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.18%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.82%	80.58%	85.17%	84.38%	83.12%	80.59%	78.61%	75.98%	67.19%	63.06%	74.99%
Debt to EBITDA	1.05	1.60	3.44	3.23	2.13	2.12	2.59	4.10	8.83	-3.84	1.38
Net Debt to EBITDA	-0.18	0.13	0.98	-0.23	0.35	0.75	0.95	1.90	3.80	-1.17	-0.19
Long-Term Debt to EBITDA	1.02	1.38	2.94	2.77	1.58	1.60	2.32	3.19	7.88	-3.48	1.31
Debt to NOPAT	3.65	-3.95	-8.41	-8.95	1.85	6.78	9.26	-626.58	-14.14	-3.48	2.83
Net Debt to NOPAT	-0.61	-0.32	-2.39	0.65	0.31	2.39	3.38	-289.55	-6.08	-1.06	-0.38
Long-Term Debt to NOPAT	3.54	-3.42	-7.19	-7.69	1.37	5.12	8.27	-487.69	-12.62	-3.15	2.68
Altman Z-Score	1.86	1.75	1.31	1.01	1.20	1.65	1.41	1.39	1.18	0.61	2.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.11%	0.21%	0.10%	0.00%	0.00%	0.00%	0.00%	0.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.33	1.56	1.55	1.90	1.88	1.54	2.35	1.70	2.80	3.24	3.08
Quick Ratio	2.06	1.37	1.34	1.43	1.52	1.17	2.09	1.54	2.52	2.80	2.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	150	-30	2.28	143	233	-7.86	65	-246	-87	-144	70
Operating Cash Flow to CapEx	801.74%	793.10%	152.54%	1,694.08%	512.42%	122.68%	143.55%	23.35%	22.34%	36.60%	111.18%
Free Cash Flow to Firm to Interest Expense	7.17	-0.82	0.00	1,052.66	0.00	-436.54	55.24	-619.86	-24.72	0.00	0.00
Operating Cash Flow to Interest Expense	8.89	4.09	0.00	1,030.27	0.00	9,426.06	166.31	130.07	10.94	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	7.78	3.57	0.00	969.46	0.00	1,742.50	50.45	-426.92	-38.02	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.52	0.37	0.28	0.29	0.30	0.31	0.25	0.21	0.27	0.42
Accounts Receivable Turnover	5.04	5.23	4.89	4.88	5.69	6.13	5.62	4.55	4.67	6.05	7.01
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.90	0.80	0.53	0.39	0.40	0.41	0.41	0.34	0.30	0.42	0.68
Accounts Payable Turnover	8.15	8.07	7.37	9.56	10.98	9.91	9.08	7.34	7.02	12.50	9.78
Days Sales Outstanding (DSO)	72.41	69.79	74.60	74.75	64.11	59.55	64.92	80.18	78.19	60.33	52.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	44.76	45.20	49.53	38.19	33.25	36.81	40.19	49.74	51.96	29.21	37.31
Cash Conversion Cycle (CCC)	27.65	24.59	25.07	36.56	30.86	22.73	24.73	30.44	26.23	31.12	14.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,467	1,531	1,592	1,625	1,803	1,846	1,779	1,796	1,551	1,508	1,579
Invested Capital Turnover	0.91	0.83	0.54	0.39	0.40	0.41	0.41	0.35	0.32	0.45	0.73
Increase / (Decrease) in Invested Capital	-64	-61	-34	-177	-44	68	-18	245	43	-71	125
Enterprise Value (EV)	1,365	1,579	1,195	449	693	1,580	962	1,343	1,333	787	2,215
Market Capitalization	1,418	1,549	1,120	471	631	1,433	802	1,114	1,063	558	2,290
Book Value per Share	$9.99	$9.96	$9.99	$10.92	$11.59	$11.42	$10.92	$10.61	$10.63	$12.05	$15.67
Tangible Book Value per Share	$9.99	$9.96	$9.99	$10.92	$11.59	$11.42	$10.92	$10.61	$10.63	$11.63	$15.08
Total Capital	1,835	1,863	1,781	1,952	2,094	2,109	2,058	2,063	1,908	2,028	2,205
Total Debt	315	362	264	305	350	406	440	496	626	749	551
Total Long-Term Debt	306	313	226	262	259	306	393	386	558	678	523
Net Debt	-53	30	75	-22	58	143	161	229	269	229	-75
Capital Expenditures (CapEx)	23	19	34	8.27	19	138	137	221	173	303	323
Debt-free, Cash-free Net Working Capital (DFCFNWC)	46	-35	12	-33	46	-9.32	27	29	47	51	20
Debt-free Net Working Capital (DFNWC)	414	298	201	294	337	253	307	296	404	545	497
Net Working Capital (NWC)	405	249	163	251	246	154	259	186	336	473	469
Net Nonoperating Expense (NNE)	31	-81	56	28	169	2.15	19	-31	37	162	-0.57
Net Nonoperating Obligations (NNO)	-53	30	75	-22	58	143	161	229	269	229	-75
Total Depreciation and Amortization (D&A)	176	167	145	145	144	123	120	120	128	132	120
Debt-free, Cash-free Net Working Capital to Revenue	3.42%	-2.69%	1.34%	-4.89%	6.23%	-1.24%	3.68%	5.04%	9.70%	7.27%	1.83%
Debt-free Net Working Capital to Revenue	30.51%	23.07%	23.00%	43.59%	45.94%	33.68%	41.46%	50.89%	82.85%	78.29%	44.87%
Net Working Capital to Revenue	29.83%	19.32%	18.63%	37.24%	33.58%	20.42%	35.07%	31.99%	68.99%	68.00%	42.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	($0.07)	($0.58)	($0.41)	$0.13	$0.39	$0.19	$0.20	($0.73)	($3.58)	$1.85
Adjusted Weighted Average Basic Shares Outstanding	151.99M	150.92M	151.28M	150.06M	148.99M	147.54M	146.70M	145.30M	111.61M	105.42M	105.03M
Adjusted Diluted Earnings per Share	$0.36	($0.07)	($0.58)	($0.41)	$0.13	$0.38	$0.19	$0.20	($0.73)	($3.58)	$1.85
Adjusted Weighted Average Diluted Shares Outstanding	154.70M	150.92M	151.28M	150.06M	149.90M	149.58M	146.83M	145.30M	111.61M	105.42M	105.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	150.94M	152.42M	152.15M	151.64M	150.71M	149.96M	148.79M	148.08M	147.66M	107.54M	105.91M
Normalized Net Operating Profit after Tax (NOPAT)	87	74	-18	-34	13	60	47	-0.76	-14	-204	187
Normalized NOPAT Margin	6.38%	5.75%	-2.10%	-4.99%	1.80%	7.96%	6.41%	-0.13%	-2.79%	-29.28%	16.92%
Pre Tax Income Margin	6.04%	0.58%	-8.61%	-10.47%	0.19%	8.72%	4.19%	-3.50%	-19.26%	-68.72%	23.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.90	1.61	0.00	-368.95	0.00	3,842.33	42.14	2.95	-16.09	0.00	0.00
NOPAT to Interest Expense	4.13	-2.46	0.00	-250.59	0.00	3,324.74	40.20	-1.99	-12.50	0.00	0.00
EBIT Less CapEx to Interest Expense	4.79	1.09	0.00	-429.76	0.00	-3,841.22	-73.72	-554.05	-65.05	0.00	0.00
NOPAT Less CapEx to Interest Expense	3.02	-2.97	0.00	-311.41	0.00	-4,358.81	-75.66	-558.99	-61.46	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%
Augmented Payout Ratio	53.24%	-110.61%	0.00%	-3.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.81%

This table displays calculated financial ratios and metrics derived from Helix Energy Solutions Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.13%	5.96%	-13.46%	18.13%	18.44%	16.45%	45.18%	89.91%	66.58%	70.65%	50.82%
EBITDA Growth	16.95%	5.28%	22.53%	78.60%	30.68%	37.78%	149.26%	2,511.59%	1,296.91%	443.65%	23.30%
EBIT Growth	323.80%	32.07%	59.42%	265.74%	28.13%	178.59%	463.40%	145.70%	86.82%	129.80%	46.35%
NOPAT Growth	897.34%	140.44%	43.09%	165.15%	84.63%	505.94%	175.63%	203.72%	74.82%	85.89%	218.34%
Net Income Growth	111.69%	171.02%	89.68%	354.77%	-408.94%	-1,145.88%	182.93%	123.91%	87.71%	110.46%	1.47%
EPS Growth	111.76%	168.42%	90.00%	320.00%	-466.67%	-1,050.00%	183.33%	125.00%	89.29%	111.76%	7.69%
Operating Cash Flow Growth	-74.50%	-17.69%	76.30%	-138.61%	1,295.92%	90.57%	28.24%	639.31%	69.03%	163.51%	-14.15%
Free Cash Flow Firm Growth	-112.51%	24.50%	317.88%	275.43%	786.10%	131.76%	-84.08%	-135.37%	-113.02%	-80.42%	-30.49%
Invested Capital Growth	1.73%	-4.16%	-1.78%	-4.34%	-9.08%	-3.84%	0.55%	4.85%	0.96%	-2.07%	-5.08%
Revenue Q/Q Growth	-21.70%	3.71%	-6.13%	23.15%	-11.62%	-15.29%	28.12%	23.49%	-13.11%	5.60%	67.61%
EBITDA Q/Q Growth	-28.02%	-19.76%	-9.20%	123.00%	-37.27%	-6.61%	32.35%	63.18%	-31.68%	68.94%	1,286.72%
EBIT Q/Q Growth	-73.52%	-33.82%	-15.72%	1,615.03%	-114.22%	-20.12%	93.37%	397.70%	-160.59%	204.20%	75.68%
NOPAT Q/Q Growth	-72.49%	-23.31%	-7.61%	4,190.09%	-108.30%	-54.36%	71.21%	337.06%	-119.15%	-130.99%	164.43%
Net Income Q/Q Growth	-84.73%	-31.83%	-8.59%	222.83%	7.22%	-282.09%	119.15%	237.46%	-290.66%	114.44%	36.82%
EPS Q/Q Growth	-84.62%	-31.58%	-9.52%	223.53%	10.53%	-290.00%	100.00%	266.67%	-250.00%	116.67%	40.00%
Operating Cash Flow Q/Q Growth	-78.91%	39.92%	558.16%	-118.86%	-31.93%	199.70%	0.35%	684.22%	-110.85%	101.67%	522.02%
Free Cash Flow Firm Q/Q Growth	-120.25%	44.31%	-41.71%	-26.59%	101.60%	384.39%	124.47%	-187.13%	-168.10%	-66.72%	-45.64%
Invested Capital Q/Q Growth	1.33%	-6.04%	1.35%	5.42%	-4.53%	-3.70%	-1.29%	0.20%	0.96%	0.70%	2.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.90%	16.57%	19.18%	20.69%	6.60%	14.70%	20.36%	17.92%	6.07%	10.90%	14.39%
EBITDA Margin	18.29%	19.89%	25.71%	26.58%	14.68%	20.02%	18.16%	17.58%	13.31%	16.92%	10.58%
Operating Margin	2.94%	8.69%	13.04%	14.58%	-0.43%	4.59%	9.16%	6.54%	-3.32%	-1.78%	4.49%
EBIT Margin	2.81%	8.31%	13.02%	14.50%	-1.18%	6.67%	7.07%	4.68%	-1.94%	2.79%	-2.82%
Profit (Net Income) Margin	1.10%	5.67%	8.62%	8.85%	-8.87%	-8.45%	3.93%	2.30%	-2.07%	0.94%	-6.88%
Tax Burden Percent	87.15%	83.83%	75.61%	68.68%	93.93%	144.47%	65.11%	68.19%	71.91%	51.72%	153.01%
Interest Burden Percent	45.11%	81.33%	87.54%	88.86%	801.40%	-87.78%	85.43%	71.98%	147.83%	65.31%	159.32%
Effective Tax Rate	12.85%	16.17%	24.39%	31.32%	0.00%	0.00%	34.89%	31.81%	0.00%	48.28%	0.00%
Return on Invested Capital (ROIC)	2.33%	6.61%	8.38%	8.85%	-0.26%	2.65%	4.67%	3.17%	-1.41%	-0.50%	1.46%
ROIC Less NNEP Spread (ROIC-NNEP)	14.87%	56.01%	-8.77%	1.88%	-59.60%	-72.18%	-5.51%	-13.05%	0.02%	19.79%	-56.38%
Return on Net Nonoperating Assets (RNNOA)	-0.32%	-0.43%	-0.14%	0.08%	-1.71%	-2.50%	-0.29%	-0.35%	0.00%	0.33%	-1.69%
Return on Equity (ROE)	2.01%	6.17%	8.24%	8.92%	-1.97%	0.15%	4.38%	2.82%	-1.41%	-0.17%	-0.23%
Cash Return on Invested Capital (CROIC)	5.24%	10.01%	3.12%	2.53%	12.73%	-1.95%	1.14%	-3.89%	-1.84%	0.14%	2.34%
Operating Return on Assets (OROA)	1.44%	4.38%	6.84%	8.04%	-0.63%	3.48%	3.67%	2.26%	-0.81%	1.03%	-0.91%
Return on Assets (ROA)	0.56%	2.99%	4.53%	4.91%	-4.76%	-4.41%	2.04%	1.11%	-0.86%	0.35%	-2.21%
Return on Common Equity (ROCE)	2.01%	6.17%	8.24%	8.92%	-1.97%	0.15%	4.38%	2.82%	-1.41%	-0.17%	-0.23%
Return on Equity Simple (ROE_SIMPLE)	5.50%	0.00%	0.46%	-0.45%	-2.18%	0.00%	1.32%	-0.92%	-3.36%	0.00%	-7.86%
Net Operating Profit after Tax (NOPAT)	7.12	26	34	37	-0.89	11	24	14	-5.81	-2.65	8.56
NOPAT Margin	2.56%	7.29%	9.86%	10.01%	-0.30%	3.21%	5.96%	4.46%	-2.32%	-0.92%	3.14%
Net Nonoperating Expense Percent (NNEP)	-12.55%	-49.40%	17.15%	6.96%	59.34%	74.83%	10.18%	16.22%	-1.43%	-20.29%	57.84%
Return On Investment Capital (ROIC_SIMPLE)	0.38%	1.41%	-	-	-	0.58%	-	-	-	-0.15%	-
Cost of Revenue to Revenue	90.10%	83.43%	80.82%	79.31%	93.40%	85.30%	79.64%	82.08%	93.93%	89.10%	85.61%
SG&A Expenses to Revenue	6.96%	7.76%	6.17%	6.11%	6.98%	6.85%	7.03%	7.77%	7.85%	7.92%	8.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.96%	7.88%	6.14%	6.11%	7.03%	10.11%	11.20%	11.38%	9.39%	12.68%	9.90%
Earnings before Interest and Taxes (EBIT)	7.82	30	45	53	-3.49	22	28	14	-4.86	8.02	-7.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	71	88	97	43	67	72	54	33	49	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.81	0.93	1.07	1.22	1.13	1.03	1.10	0.73	0.78	0.74	0.40
Price to Tangible Book Value (P/TBV)	0.81	0.93	1.07	1.22	1.13	1.03	1.10	0.73	0.78	0.74	0.40
Price to Revenue (P/Rev)	0.94	1.04	1.26	1.31	1.24	1.20	1.36	1.00	1.21	1.28	0.78
Price to Earnings (P/E)	14.76	25.48	234.97	0.00	0.00	0.00	83.38	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.78%	3.92%	0.43%	0.00%	0.00%	0.00%	1.20%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.93	1.08	1.21	1.13	1.03	1.10	0.74	0.79	0.75	0.43
Enterprise Value to Revenue (EV/Rev)	0.89	1.00	1.25	1.34	1.23	1.22	1.40	1.07	1.30	1.37	0.91
Enterprise Value to EBITDA (EV/EBITDA)	3.90	4.56	5.64	6.62	6.89	6.97	8.38	7.25	11.24	15.56	18.46
Enterprise Value to EBIT (EV/EBIT)	8.87	11.05	14.16	18.28	25.93	26.35	38.24	120.50	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.67	15.80	80.26	0.00	33.35	0.00	64.95	89.95	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.66	7.34	8.28	10.43	7.41	10.36	16.23	11.91	20.10	23.39	33.78
Enterprise Value to Free Cash Flow (EV/FCFF)	15.49	9.10	34.12	46.80	8.43	0.00	96.32	0.00	0.00	524.19	17.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.21	0.20	0.21	0.22	0.24	0.15	0.17	0.17	0.17	0.18
Long-Term Debt to Equity	0.20	0.20	0.19	0.21	0.21	0.21	0.14	0.15	0.15	0.15	0.15
Financial Leverage	-0.02	-0.01	0.02	0.04	0.03	0.03	0.05	0.03	0.03	0.02	0.03
Leverage Ratio	1.74	1.71	1.64	1.66	1.67	1.64	1.59	1.51	1.50	1.49	1.49
Compound Leverage Factor	0.79	1.39	1.44	1.47	13.39	-1.44	1.36	1.09	2.22	0.97	2.38
Debt to Total Capital	16.76%	17.18%	16.69%	17.55%	17.82%	19.42%	12.93%	14.56%	14.66%	14.83%	15.10%
Short-Term Debt to Total Capital	0.51%	0.50%	0.49%	0.49%	0.50%	2.59%	0.50%	2.15%	2.16%	2.15%	2.19%
Long-Term Debt to Total Capital	16.25%	16.67%	16.20%	17.06%	17.32%	16.83%	12.43%	12.41%	12.50%	12.68%	12.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.24%	82.82%	83.31%	82.45%	82.18%	80.58%	87.07%	85.44%	85.34%	85.17%	84.90%
Debt to EBITDA	1.01	1.05	1.06	1.13	1.33	1.60	1.09	1.58	2.31	3.44	7.11
Net Debt to EBITDA	-0.19	-0.18	-0.03	0.15	-0.02	0.13	0.28	0.47	0.81	0.98	2.66
Long-Term Debt to EBITDA	0.98	1.02	1.03	1.10	1.29	1.38	1.05	1.35	1.97	2.94	6.08
Debt to NOPAT	3.04	3.65	15.05	-10.60	6.44	-3.95	8.47	19.62	-18.44	-8.41	-5.65
Net Debt to NOPAT	-0.57	-0.61	-0.45	-1.45	-0.12	-0.32	2.19	5.89	-6.46	-2.39	-2.12
Long-Term Debt to NOPAT	2.95	3.54	14.61	-10.30	6.26	-3.42	8.14	16.73	-15.72	-7.19	-4.84
Altman Z-Score	1.59	1.74	1.85	1.92	1.64	1.70	1.94	1.49	1.50	1.42	0.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.28	2.33	2.29	2.08	1.74	1.56	1.42	1.34	1.56	1.55	1.44
Quick Ratio	1.94	2.06	1.96	1.86	1.56	1.37	1.22	1.14	1.33	1.34	1.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	90	62	106	145	72	15	-61	-21	31	93
Operating Cash Flow to CapEx	366.35%	622.67%	1,805.93%	-304.94%	1,788.74%	2,767.66%	383.40%	2,510.04%	-85.59%	174.34%	879.41%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	6.93	1.93	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	3.08	2.54	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	2.91	2.45	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.53	0.53	0.55	0.54	0.52	0.52	0.48	0.42	0.37	0.32
Accounts Receivable Turnover	5.60	5.04	4.62	5.19	6.12	5.23	4.64	5.51	5.43	4.89	4.13
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.90	0.90	0.87	0.90	0.85	0.80	0.78	0.71	0.60	0.53	0.46
Accounts Payable Turnover	7.94	8.15	7.93	8.03	8.88	8.07	7.73	7.96	7.66	7.37	7.15
Days Sales Outstanding (DSO)	65.13	72.41	78.93	70.38	59.67	69.79	78.75	66.27	67.28	74.60	88.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	45.95	44.76	46.02	45.47	41.10	45.20	47.20	45.83	47.62	49.53	51.06
Cash Conversion Cycle (CCC)	19.17	27.65	32.90	24.91	18.57	24.59	31.55	20.44	19.66	25.07	37.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,486	1,467	1,561	1,540	1,461	1,531	1,589	1,610	1,607	1,592	1,581
Invested Capital Turnover	0.91	0.91	0.85	0.88	0.87	0.83	0.78	0.71	0.61	0.54	0.46
Increase / (Decrease) in Invested Capital	25	-64	-28	-70	-146	-61	8.74	74	15	-34	-85
Enterprise Value (EV)	1,195	1,365	1,678	1,864	1,647	1,579	1,744	1,196	1,269	1,195	684
Market Capitalization	1,254	1,418	1,688	1,820	1,652	1,549	1,685	1,118	1,178	1,120	586
Book Value per Share	$10.24	$9.99	$10.33	$9.82	$9.62	$9.96	$10.15	$10.11	$9.96	$9.99	$9.77
Tangible Book Value per Share	$10.24	$9.99	$10.33	$9.82	$9.62	$9.96	$10.15	$10.11	$9.96	$9.99	$9.77
Total Capital	1,856	1,835	1,885	1,815	1,785	1,863	1,758	1,793	1,776	1,781	1,745
Total Debt	311	315	315	319	318	362	227	261	260	264	264
Total Long-Term Debt	302	306	305	310	309	313	219	222	222	226	225
Net Debt	-59	-53	-9.45	44	-5.69	30	59	78	91	75	99
Capital Expenditures (CapEx)	4.49	13	3.09	3.99	3.61	3.42	8.25	1.26	6.30	29	2.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	52	46	76	58	-57	-35	5.08	-15	31	12	19
Debt-free Net Working Capital (DFNWC)	422	414	400	333	267	298	173	168	200	201	184
Net Working Capital (NWC)	413	405	391	324	258	249	165	129	161	163	146
Net Nonoperating Expense (NNE)	4.05	5.77	4.24	4.24	25	39	8.03	6.68	-0.65	-5.36	27
Net Nonoperating Obligations (NNO)	-59	-53	-9.45	44	-5.69	30	59	78	91	75	99
Total Depreciation and Amortization (D&A)	43	41	43	44	47	45	44	40	38	41	37
Debt-free, Cash-free Net Working Capital to Revenue	3.90%	3.42%	5.66%	4.14%	-4.28%	-2.69%	0.41%	-1.33%	3.14%	1.34%	2.52%
Debt-free Net Working Capital to Revenue	31.50%	30.51%	29.88%	23.90%	19.96%	23.07%	13.96%	14.99%	20.53%	23.00%	24.38%
Net Working Capital to Revenue	30.80%	29.83%	29.19%	23.26%	19.29%	19.32%	13.26%	11.55%	16.58%	18.63%	19.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.14	$0.19	$0.21	($0.17)	($0.19)	$0.10	$0.05	($0.03)	$0.02	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	151.04M	151.99M	151.91M	152.23M	152.37M	150.92M	150.55M	150.79M	151.76M	151.28M	151.33M
Adjusted Diluted Earnings per Share	$0.02	$0.13	$0.19	$0.21	($0.17)	($0.19)	$0.10	$0.05	($0.03)	$0.02	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	152.17M	154.70M	154.85M	155.02M	152.37M	150.92M	153.62M	153.40M	151.76M	151.28M	151.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	151.53M	150.94M	152.10M	152.05M	152.45M	152.42M	150.71M	150.82M	151.50M	152.15M	151.82M
Normalized Net Operating Profit after Tax (NOPAT)	7.12	26	34	37	-0.79	18	34	21	-3.11	4.44	11
Normalized NOPAT Margin	2.56%	7.39%	9.84%	10.01%	-0.27%	5.49%	8.68%	6.92%	-1.24%	1.54%	4.02%
Pre Tax Income Margin	1.27%	6.76%	11.40%	12.89%	-9.45%	-5.85%	6.04%	3.37%	-2.87%	1.82%	-4.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	-0.17	0.60	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	-0.04	0.29	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-0.34	0.51	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-0.22	0.20	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	29.93%	53.24%	141.85%	-178.97%	-34.99%	-110.61%	59.33%	-71.24%	-9.79%	0.00%	-0.07%

Frequently Asked Questions About Helix Energy Solutions Group's Financials

When does Helix Energy Solutions Group's financial year end?

According to the most recent income statement we have on file, Helix Energy Solutions Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Helix Energy Solutions Group's net income changed over the last 10 years?

Helix Energy Solutions Group's net income appears to be on a downward trend, with a most recent value of $55.64 million in 2024, falling from $195.55 million in 2014. The previous period was -$10.84 million in 2023. See Helix Energy Solutions Group's forecast for analyst expectations on what’s next for the company.

What is Helix Energy Solutions Group's operating income?

Helix Energy Solutions Group's total operating income in 2024 was $127.44 million, based on the following breakdown:

Total Gross Profit: $219.56 million
Total Operating Expenses: $92.13 million

How has Helix Energy Solutions Group revenue changed over the last 10 years?

Over the last 10 years, Helix Energy Solutions Group's total revenue changed from $1.11 billion in 2014 to $1.36 billion in 2024, a change of 22.7%.

How much debt does Helix Energy Solutions Group have?

Helix Energy Solutions Group's total liabilities were at $1.08 billion at the end of 2024, a 2.1% increase from 2023, and a 2.9% increase since 2014.

How much cash does Helix Energy Solutions Group have?

In the past 10 years, Helix Energy Solutions Group's cash and equivalents has ranged from $186.60 million in 2022 to $494.19 million in 2015, and is currently $368.03 million as of their latest financial filing in 2024.

How has Helix Energy Solutions Group's book value per share changed over the last 10 years?

Over the last 10 years, Helix Energy Solutions Group's book value per share changed from 15.67 in 2014 to 9.99 in 2024, a change of -36.2%.

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This page (NYSE:HLX) was last updated on 5/30/2025 by MarketBeat.com Staff

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Helix Energy Solutions Group (HLX) Financials

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Helix Energy Solutions Group (HLX) Financials

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