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Helix Energy Solutions Group (HLX) Financials

Helix Energy Solutions Group logo
$6.06 +0.27 (+4.57%)
Closing price 08/5/2025 03:59 PM Eastern
Extended Trading
$6.16 +0.09 (+1.50%)
As of 05:00 AM Eastern
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Annual Income Statements for Helix Energy Solutions Group

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

Quarterly Income Statements for Helix Energy Solutions Group

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
2.71 -5.17 7.10 16 -28 -26 32 30 20 3.07 -2.60
Consolidated Net Income / (Loss)
2.71 -5.17 7.10 16 -28 -26 32 30 20 3.07 -2.60
Net Income / (Loss) Continuing Operations
2.71 -5.17 7.10 16 -28 -26 32 30 20 3.07 -2.60
Total Pre-Tax Income
5.24 -7.18 10 24 -20 -28 47 39 24 3.53 -8.60
Total Operating Income
-5.13 -8.30 20 36 15 -1.28 53 45 31 8.17 -3.15
Total Gross Profit
31 15 55 81 49 20 75 66 59 28 15
Total Revenue
288 250 309 396 335 296 365 342 355 278 302
Operating Revenue
288 250 309 396 335 296 365 342 355 278 302
Total Cost of Revenue
256 235 253 315 286 277 289 277 296 251 287
Operating Cost of Revenue
256 235 253 315 286 277 289 277 296 251 287
Total Operating Expenses
36 23 35 44 34 21 22 21 28 19 18
Selling, General & Admin Expense
23 20 24 28 23 21 22 21 28 19 18
Other Special Charges / (Income)
13 3.63 11 16 11 0.15 0.00 -0.10 0.43 0.00 0.00
Total Other Income / (Expense), net
10 1.12 -9.79 -12 -35 -27 -6.18 -5.61 -6.88 -4.65 -5.44
Interest Expense
- 0.00 0.00 0.00 37 21 0.00 0.00 - 0.00 0.00
Interest & Investment Income
-2.78 -2.32 -4.05 -4.07 -4.68 -3.57 -5.89 -5.56 -5.51 -4.29 -5.88
Other Income / (Expense), net
13 3.44 -5.74 -8.26 6.96 -2.22 -0.29 -0.05 -1.37 -0.36 0.44
Income Tax Expense
2.53 -2.02 3.31 8.34 8.72 -1.70 15 9.52 3.88 0.45 -6.00
Basic Earnings per Share
$0.02 ($0.03) $0.05 $0.10 ($0.19) ($0.17) $0.21 $0.19 $0.14 $0.02 ($0.02)
Weighted Average Basic Shares Outstanding
151.28M 151.76M 150.79M 150.55M 150.92M 152.37M 152.23M 151.91M 151.99M 151.04M 148.52M
Diluted Earnings per Share
$0.02 ($0.03) $0.05 $0.10 ($0.19) ($0.17) $0.21 $0.19 $0.13 $0.02 ($0.02)
Weighted Average Diluted Shares Outstanding
151.28M 151.76M 153.40M 153.62M 150.92M 152.37M 155.02M 154.85M 154.70M 152.17M 148.52M
Weighted Average Basic & Diluted Shares Outstanding
152.15M 151.50M 150.82M 150.71M 152.42M 152.45M 152.05M 152.10M 150.94M 151.53M 146.99M

Annual Cash Flow Statements for Helix Energy Solutions Group

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

Quarterly Cash Flow Statements for Helix Energy Solutions Group

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
24 -20 13 -14 164 -8.34 -49 49 44 1.96 -50
Net Cash From Operating Activities
50 -5.39 32 32 95 64 -12 56 78 16 -17
Net Cash From Continuing Operating Activities
50 -5.39 32 32 95 64 -12 56 78 16 -17
Net Income / (Loss) Continuing Operations
2.71 -5.17 7.10 16 -28 -26 32 30 20 3.07 -2.60
Consolidated Net Income / (Loss)
2.71 -5.17 7.10 16 -28 -26 32 30 20 3.07 -2.60
Depreciation Expense
26 38 39 43 18 37 43 43 4.47 33 34
Amortization Expense
15 0.60 0.60 0.64 26 10 0.59 0.56 37 9.79 12
Non-Cash Adjustments To Reconcile Net Income
-53 -2.13 7.74 10 -27 15 1.98 -1.59 -90 -17 -15
Changes in Operating Assets and Liabilities, net
59 -36 -23 -38 105 28 -90 -16 106 -13 -45
Net Cash From Investing Activities
-29 -6.30 -1.26 -8.25 -2.86 -3.24 -3.99 -3.09 -13 -4.49 -4.47
Net Cash From Continuing Investing Activities
-29 -6.30 -1.26 -8.25 -2.86 -3.24 -3.99 -3.09 -13 -4.49 -4.47
Purchase of Property, Plant & Equipment
-29 -6.67 -1.26 -8.25 -3.42 -3.61 -3.99 -3.19 -13 -4.49 -4.47
Net Cash From Financing Activities
-0.41 -9.42 -5.65 -36 76 -69 -32 -4.05 -20 -11 -30
Net Cash From Continuing Financing Activities
-0.41 -9.42 -5.65 -36 76 -69 -32 -4.05 -20 -11 -30
Repurchase of Common Equity
- -4.98 -5.08 -1.93 - -4.18 -6.01 - -19 0.00 -30
Issuance of Common Equity
- 0.24 0.35 0.39 - 0.50 0.62 0.74 - 0.73 0.51
Effect of Exchange Rate Changes
3.55 1.19 -11 -1.34 -4.54 -0.28 -0.41 0.46 -1.81 1.08 1.06

Annual Balance Sheets for Helix Energy Solutions Group

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

Quarterly Balance Sheets for Helix Energy Solutions Group

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets
2,214 2,355 2,369 2,424 2,435 2,614 2,597 2,661 2,635 2,673
Total Current Assets
485 476 449 512 555 606 624 694 736 760
Cash & Equivalents
261 162 167 183 168 324 275 324 370 320
Accounts Receivable
153 228 217 253 308 220 284 271 258 328
Other Current Assets
69 83 63 76 79 62 65 99 108 113
Plant, Property, & Equipment, net
1,539 1,608 1,626 1,609 1,575 1,530 1,501 1,511 1,434 1,454
Plant, Property & Equipment, gross
2,861 2,946 3,037 3,059 3,050 3,067 3,074 3,137 3,114 3,199
Accumulated Depreciation
1,322 1,338 1,410 1,450 1,475 1,538 1,573 1,626 1,679 1,745
Total Noncurrent Assets
189 272 294 303 305 478 472 456 464 458
Other Noncurrent Operating Assets
189 272 294 303 305 478 472 456 464 458
Total Liabilities & Shareholders' Equity
2,214 2,355 2,369 2,424 2,435 2,614 2,597 2,661 2,635 2,673
Total Liabilities
682 874 854 892 904 1,147 1,100 1,091 1,090 1,104
Total Current Liabilities
233 330 288 383 390 348 300 303 323 348
Short-Term Debt
8.13 38 38 38 8.75 8.97 8.97 9.19 9.41 9.41
Accounts Payable
100 132 134 146 142 120 145 142 160 172
Accrued Expenses
85 112 61 143 178 164 89 92 91 105
Other Current Liabilities
40 48 54 56 61 55 58 60 64 62
Total Noncurrent Liabilities
449 543 566 509 514 799 800 787 766 756
Long-Term Debt
259 225 222 222 219 309 310 305 302 302
Noncurrent Deferred & Payable Income Tax Liabilities
86 97 98 100 106 110 120 124 113 115
Other Noncurrent Operating Liabilities
104 220 246 187 190 380 370 358 351 339
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,532 1,482 1,516 1,532 1,531 1,467 1,497 1,571 1,545 1,569
Total Preferred & Common Equity
1,532 1,482 1,516 1,532 1,531 1,467 1,497 1,571 1,545 1,569
Total Common Equity
1,532 1,482 1,516 1,532 1,531 1,467 1,497 1,571 1,545 1,569
Common Stock
1,295 1,297 1,294 1,291 1,291 1,270 1,268 1,270 1,247 1,219
Retained Earnings
339 321 318 325 341 286 318 348 371 369
Accumulated Other Comprehensive Income / (Loss)
-103 -136 -97 -85 -101 -90 -89 -48 -73 -19

Annual Metrics And Ratios for Helix Energy Solutions Group

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

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

Quarterly Metrics And Ratios for Helix Energy Solutions Group

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
70.65% 66.58% 89.91% 45.18% 16.45% 18.44% 18.13% -13.46% 5.96% -6.13% -17.14%
EBITDA Growth
443.65% 1,296.91% 2,511.59% 149.26% 37.78% 30.68% 78.60% 22.53% 5.28% 16.95% -55.40%
EBIT Growth
129.80% 86.82% 145.70% 463.40% 178.59% 28.13% 265.74% 59.42% 32.07% 323.80% -105.13%
NOPAT Growth
85.89% 74.82% 203.72% 175.63% 505.94% 84.63% 165.15% 43.09% 140.44% 897.34% -106.04%
Net Income Growth
110.46% 87.71% 123.91% 182.93% -1,145.88% -408.94% 354.77% 89.68% 171.02% 111.69% -108.05%
EPS Growth
111.76% 89.29% 125.00% 183.33% -1,050.00% -466.67% 320.00% 90.00% 168.42% 111.76% -109.52%
Operating Cash Flow Growth
163.51% 69.03% 639.31% 28.24% 90.57% 1,295.92% -138.61% 76.30% -17.69% -74.50% -40.85%
Free Cash Flow Firm Growth
-80.42% -113.02% -135.37% -84.08% 131.76% 786.10% 275.43% 317.88% 24.50% -112.51% -121.14%
Invested Capital Growth
-2.07% 0.96% 4.85% 0.55% -3.84% -9.08% -4.34% -1.78% -4.16% 1.73% 1.32%
Revenue Q/Q Growth
5.60% -13.11% 23.49% 28.12% -15.29% -11.62% 23.15% -6.13% 3.71% -21.70% 8.71%
EBITDA Q/Q Growth
68.94% -31.68% 63.18% 32.35% -6.61% -37.27% 123.00% -9.20% -19.76% -28.02% -14.96%
EBIT Q/Q Growth
204.20% -160.59% 397.70% 93.37% -20.12% -114.22% 1,615.03% -15.72% -33.82% -73.52% -134.74%
NOPAT Q/Q Growth
-130.99% -119.15% 337.06% 71.21% -54.36% -108.30% 4,190.09% -7.61% -23.31% -72.49% -130.98%
Net Income Q/Q Growth
114.44% -290.66% 237.46% 119.15% -282.09% 7.22% 222.83% -8.59% -31.83% -84.73% -184.57%
EPS Q/Q Growth
116.67% -250.00% 266.67% 100.00% -290.00% 10.53% 223.53% -9.52% -31.58% -84.62% -200.00%
Operating Cash Flow Q/Q Growth
101.67% -110.85% 684.22% 0.35% 199.70% -31.93% -118.86% 558.16% 39.92% -78.91% -204.20%
Free Cash Flow Firm Q/Q Growth
-66.72% -168.10% -187.13% 124.47% 384.39% 101.60% -26.59% -41.71% 44.31% -120.25% -24.12%
Invested Capital Q/Q Growth
0.70% 0.96% 0.20% -1.29% -3.70% -4.53% 5.42% 1.35% -6.04% 1.33% 5.00%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
10.90% 6.07% 17.92% 20.36% 14.70% 6.60% 20.69% 19.18% 16.57% 9.90% 4.95%
EBITDA Margin
16.92% 13.31% 17.58% 18.16% 20.02% 14.68% 26.58% 25.71% 19.89% 18.29% 14.31%
Operating Margin
-1.78% -3.32% 6.54% 9.16% 4.59% -0.43% 14.58% 13.04% 8.69% 2.94% -1.04%
EBIT Margin
2.79% -1.94% 4.68% 7.07% 6.67% -1.18% 14.50% 13.02% 8.31% 2.81% -0.90%
Profit (Net Income) Margin
0.94% -2.07% 2.30% 3.93% -8.45% -8.87% 8.85% 8.62% 5.67% 1.10% -0.86%
Tax Burden Percent
51.72% 71.91% 68.19% 65.11% 144.47% 93.93% 68.68% 75.61% 83.83% 87.15% 30.23%
Interest Burden Percent
65.31% 147.83% 71.98% 85.43% -87.78% 801.40% 88.86% 87.54% 81.33% 45.11% 316.57%
Effective Tax Rate
48.28% 0.00% 31.81% 34.89% 0.00% 0.00% 31.32% 24.39% 16.17% 12.85% 0.00%
Return on Invested Capital (ROIC)
-0.50% -1.41% 3.17% 4.67% 2.65% -0.26% 8.85% 8.38% 6.61% 2.33% -0.60%
ROIC Less NNEP Spread (ROIC-NNEP)
19.79% 0.02% -13.05% -5.51% -72.18% -59.60% 1.88% -8.77% 56.01% 14.87% -2.81%
Return on Net Nonoperating Assets (RNNOA)
0.33% 0.00% -0.35% -0.29% -2.50% -1.71% 0.08% -0.14% -0.43% -0.32% -0.03%
Return on Equity (ROE)
-0.17% -1.41% 2.82% 4.38% 0.15% -1.97% 8.92% 8.24% 6.17% 2.01% -0.63%
Cash Return on Invested Capital (CROIC)
0.14% -1.84% -3.89% 1.14% -1.95% 12.73% 2.53% 3.12% 10.01% 5.24% 3.18%
Operating Return on Assets (OROA)
1.03% -0.81% 2.26% 3.67% 3.48% -0.63% 8.04% 6.84% 4.38% 1.44% -0.44%
Return on Assets (ROA)
0.35% -0.86% 1.11% 2.04% -4.41% -4.76% 4.91% 4.53% 2.99% 0.56% -0.42%
Return on Common Equity (ROCE)
-0.17% -1.41% 2.82% 4.38% 0.15% -1.97% 8.92% 8.24% 6.17% 2.01% -0.63%
Return on Equity Simple (ROE_SIMPLE)
0.00% -3.36% -0.92% 1.32% 0.00% -2.18% -0.45% 0.46% 0.00% 5.50% 3.19%
Net Operating Profit after Tax (NOPAT)
-2.65 -5.81 14 24 11 -0.89 37 34 26 7.12 -2.21
NOPAT Margin
-0.92% -2.32% 4.46% 5.96% 3.21% -0.30% 10.01% 9.86% 7.29% 2.56% -0.73%
Net Nonoperating Expense Percent (NNEP)
-20.29% -1.43% 16.22% 10.18% 74.83% 59.34% 6.96% 17.15% -49.40% -12.55% 2.21%
Return On Investment Capital (ROIC_SIMPLE)
-0.15% - - - 0.58% - - - 1.41% 0.38% -0.12%
Cost of Revenue to Revenue
89.10% 93.93% 82.08% 79.64% 85.30% 93.40% 79.31% 80.82% 83.43% 90.10% 95.06%
SG&A Expenses to Revenue
7.92% 7.85% 7.77% 7.03% 6.85% 6.98% 6.11% 6.17% 7.76% 6.96% 5.99%
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
12.68% 9.39% 11.38% 11.20% 10.11% 7.03% 6.11% 6.14% 7.88% 6.96% 5.99%
Earnings before Interest and Taxes (EBIT)
8.02 -4.86 14 28 22 -3.49 53 45 30 7.82 -2.72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
49 33 54 72 67 43 97 88 71 51 43
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.74 0.78 0.73 1.10 1.03 1.13 1.22 1.07 0.93 0.81 0.60
Price to Tangible Book Value (P/TBV)
0.74 0.78 0.73 1.10 1.03 1.13 1.22 1.07 0.93 0.81 0.60
Price to Revenue (P/Rev)
1.28 1.21 1.00 1.36 1.20 1.24 1.31 1.26 1.04 0.94 0.74
Price to Earnings (P/E)
0.00 0.00 0.00 83.38 0.00 0.00 0.00 234.97 25.48 14.76 18.87
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
0.00% 0.00% 0.00% 1.20% 0.00% 0.00% 0.00% 0.43% 3.92% 6.78% 5.30%
Enterprise Value to Invested Capital (EV/IC)
0.75 0.79 0.74 1.10 1.03 1.13 1.21 1.08 0.93 0.80 0.60
Enterprise Value to Revenue (EV/Rev)
1.37 1.30 1.07 1.40 1.22 1.23 1.34 1.25 1.00 0.89 0.73
Enterprise Value to EBITDA (EV/EBITDA)
15.56 11.24 7.25 8.38 6.97 6.89 6.62 5.64 4.56 3.90 3.71
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 120.50 38.24 26.35 25.93 18.28 14.16 11.05 8.87 11.84
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 89.95 64.95 0.00 33.35 0.00 80.26 15.80 11.67 13.46
Enterprise Value to Operating Cash Flow (EV/OCF)
23.39 20.10 11.91 16.23 10.36 7.41 10.43 8.28 7.34 8.66 7.05
Enterprise Value to Free Cash Flow (EV/FCFF)
524.19 0.00 0.00 96.32 0.00 8.43 46.80 34.12 9.10 15.49 19.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.17 0.17 0.17 0.15 0.24 0.22 0.21 0.20 0.21 0.20 0.20
Long-Term Debt to Equity
0.15 0.15 0.15 0.14 0.21 0.21 0.21 0.19 0.20 0.20 0.19
Financial Leverage
0.02 0.03 0.03 0.05 0.03 0.03 0.04 0.02 -0.01 -0.02 0.01
Leverage Ratio
1.49 1.50 1.51 1.59 1.64 1.67 1.66 1.64 1.71 1.74 1.72
Compound Leverage Factor
0.97 2.22 1.09 1.36 -1.44 13.39 1.47 1.44 1.39 0.79 5.44
Debt to Total Capital
14.83% 14.66% 14.56% 12.93% 19.42% 17.82% 17.55% 16.69% 17.18% 16.76% 16.57%
Short-Term Debt to Total Capital
2.15% 2.16% 2.15% 0.50% 2.59% 0.50% 0.49% 0.49% 0.50% 0.51% 0.50%
Long-Term Debt to Total Capital
12.68% 12.50% 12.41% 12.43% 16.83% 17.32% 17.06% 16.20% 16.67% 16.25% 16.07%
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
85.17% 85.34% 85.44% 87.07% 80.58% 82.18% 82.45% 83.31% 82.82% 83.24% 83.43%
Debt to EBITDA
3.44 2.31 1.58 1.09 1.60 1.33 1.13 1.06 1.05 1.01 1.23
Net Debt to EBITDA
0.98 0.81 0.47 0.28 0.13 -0.02 0.15 -0.03 -0.18 -0.19 -0.03
Long-Term Debt to EBITDA
2.94 1.97 1.35 1.05 1.38 1.29 1.10 1.03 1.02 0.98 1.20
Debt to NOPAT
-8.41 -18.44 19.62 8.47 -3.95 6.44 -10.60 15.05 3.65 3.04 4.48
Net Debt to NOPAT
-2.39 -6.46 5.89 2.19 -0.32 -0.12 -1.45 -0.45 -0.61 -0.57 -0.12
Long-Term Debt to NOPAT
-7.19 -15.72 16.73 8.14 -3.42 6.26 -10.30 14.61 3.54 2.95 4.34
Altman Z-Score
1.42 1.50 1.49 1.94 1.70 1.64 1.92 1.85 1.74 1.59 1.37
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
1.55 1.56 1.34 1.42 1.56 1.74 2.08 2.29 2.33 2.28 2.19
Quick Ratio
1.34 1.33 1.14 1.22 1.37 1.56 1.86 1.96 2.06 1.94 1.86
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
31 -21 -61 15 72 145 106 62 90 -18 -23
Operating Cash Flow to CapEx
174.34% -85.59% 2,510.04% 383.40% 2,767.66% 1,788.74% -304.94% 1,805.93% 622.67% 366.35% -383.29%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 1.93 6.93 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 2.54 3.08 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 2.45 2.91 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.37 0.42 0.48 0.52 0.52 0.54 0.55 0.53 0.53 0.51 0.49
Accounts Receivable Turnover
4.89 5.43 5.51 4.64 5.23 6.12 5.19 4.62 5.04 5.60 4.18
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
0.53 0.60 0.71 0.78 0.80 0.85 0.90 0.87 0.90 0.90 0.86
Accounts Payable Turnover
7.37 7.66 7.96 7.73 8.07 8.88 8.03 7.93 8.15 7.94 7.01
Days Sales Outstanding (DSO)
74.60 67.28 66.27 78.75 69.79 59.67 70.38 78.93 72.41 65.13 87.34
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)
49.53 47.62 45.83 47.20 45.20 41.10 45.47 46.02 44.76 45.95 52.09
Cash Conversion Cycle (CCC)
25.07 19.66 20.44 31.55 24.59 18.57 24.91 32.90 27.65 19.17 35.25
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,592 1,607 1,610 1,589 1,531 1,461 1,540 1,561 1,467 1,486 1,561
Invested Capital Turnover
0.54 0.61 0.71 0.78 0.83 0.87 0.88 0.85 0.91 0.91 0.82
Increase / (Decrease) in Invested Capital
-34 15 74 8.74 -61 -146 -70 -28 -64 25 20
Enterprise Value (EV)
1,195 1,269 1,196 1,744 1,579 1,647 1,864 1,678 1,365 1,195 937
Market Capitalization
1,120 1,178 1,118 1,685 1,549 1,652 1,820 1,688 1,418 1,254 946
Book Value per Share
$9.99 $9.96 $10.11 $10.15 $9.96 $9.62 $9.82 $10.33 $9.99 $10.24 $10.35
Tangible Book Value per Share
$9.99 $9.96 $10.11 $10.15 $9.96 $9.62 $9.82 $10.33 $9.99 $10.24 $10.35
Total Capital
1,781 1,776 1,793 1,758 1,863 1,785 1,815 1,885 1,835 1,856 1,880
Total Debt
264 260 261 227 362 318 319 315 315 311 312
Total Long-Term Debt
226 222 222 219 313 309 310 305 306 302 302
Net Debt
75 91 78 59 30 -5.69 44 -9.45 -53 -59 -8.13
Capital Expenditures (CapEx)
29 6.30 1.26 8.25 3.42 3.61 3.99 3.09 13 4.49 4.47
Debt-free, Cash-free Net Working Capital (DFCFNWC)
12 31 -15 5.08 -35 -57 58 76 46 52 102
Debt-free Net Working Capital (DFNWC)
201 200 168 173 298 267 333 400 414 422 422
Net Working Capital (NWC)
163 161 129 165 249 258 324 391 405 413 412
Net Nonoperating Expense (NNE)
-5.36 -0.65 6.68 8.03 39 25 4.24 4.24 5.77 4.05 0.39
Net Nonoperating Obligations (NNO)
75 91 78 59 30 -5.69 44 -9.45 -53 -59 -8.13
Total Depreciation and Amortization (D&A)
41 38 40 44 45 47 44 43 41 43 46
Debt-free, Cash-free Net Working Capital to Revenue
1.34% 3.14% -1.33% 0.41% -2.69% -4.28% 4.14% 5.66% 3.42% 3.90% 7.99%
Debt-free Net Working Capital to Revenue
23.00% 20.53% 14.99% 13.96% 23.07% 19.96% 23.90% 29.88% 30.51% 31.50% 33.01%
Net Working Capital to Revenue
18.63% 16.58% 11.55% 13.26% 19.32% 19.29% 23.26% 29.19% 29.83% 30.80% 32.27%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.02 ($0.03) $0.05 $0.10 ($0.19) ($0.17) $0.21 $0.19 $0.14 $0.02 ($0.02)
Adjusted Weighted Average Basic Shares Outstanding
151.28M 151.76M 150.79M 150.55M 150.92M 152.37M 152.23M 151.91M 151.99M 151.04M 148.52M
Adjusted Diluted Earnings per Share
$0.02 ($0.03) $0.05 $0.10 ($0.19) ($0.17) $0.21 $0.19 $0.13 $0.02 ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding
151.28M 151.76M 153.40M 153.62M 150.92M 152.37M 155.02M 154.85M 154.70M 152.17M 148.52M
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
152.15M 151.50M 150.82M 150.71M 152.42M 152.45M 152.05M 152.10M 150.94M 151.53M 146.99M
Normalized Net Operating Profit after Tax (NOPAT)
4.44 -3.11 21 34 18 -0.79 37 34 26 7.12 -2.21
Normalized NOPAT Margin
1.54% -1.24% 6.92% 8.68% 5.49% -0.27% 10.01% 9.84% 7.39% 2.56% -0.73%
Pre Tax Income Margin
1.82% -2.87% 3.37% 6.04% -5.85% -9.45% 12.89% 11.40% 6.76% 1.27% -2.84%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.60 -0.17 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.29 -0.04 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.51 -0.34 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.20 -0.22 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
0.00% -9.79% -71.24% 59.33% -110.61% -34.99% -178.97% 141.85% 53.24% 29.93% 99.07%

Key Financial Trends

Helix Energy Solutions Group (HLX) has shown fluctuating performance over the past several years, with mixed trends in revenue, profitability, cash flow, and balance sheet strength.

Positive Highlights:

  • Operating revenue has generally increased from $250 million in early 2023 to over $302 million by Q2 2025, indicating some top-line growth.
  • Gross profit showed strength in 2023 and 2024, peaking near $75 million in Q2 2024, reflecting operational improvements during that period.
  • Strong cash flow from operations in several quarters, notably Q4 2023 ($94.7 million) and Q3 2024 ($55.7 million), supports liquidity and capital expenditures.
  • The company maintained substantial property, plant & equipment net assets around $1.4-$1.6 billion in recent quarters, showing consistent investment in fixed assets.
  • The total common equity increased from about $1.46 billion in early 2023 to $1.57 billion in Q3 2024, signaling gradual improvement in shareholder equity base.

Neutral Observations:

  • Earnings per share have been volatile, ranging from positive $0.21 in early 2024 to negative -$0.02 in Q2 2025, reflecting swings in profitability.
  • Net income has swung from losses in early 2024 and recent quarters (e.g., Q2 2025 loss of about $2.6 million) to positive profits in some prior quarters, showing ongoing earnings challenges.
  • Total liabilities have crept up modestly, from about $853 million in early 2023 to over $1.1 billion in recent quarters, which could increase financial leverage.
  • The quarterly depreciation and amortization expenses remain significant (~$30-$45 million depreciation, $0.6-$12 million amortization), which impacts net income but reflects asset base and industry nature.
  • Cash and equivalents remained relatively stable at around $280 million to $370 million over the years, providing liquidity but with modest fluctuations.

Negative Factors:

  • Helix reported losses in multiple recent quarters including Q2 2025 (net loss ~$2.6 million), reversing from profits in prior periods, indicating volatility and pressure on profitability.
  • Net cash from operating activities turned negative in Q2 2025 (-$17.1 million), a concerning sign for ongoing liquidity from core business operations.
  • Significant cash used for repurchase of common equity in Q2 2025 (-$30.2 million) and previous periods could weigh on financial flexibility.
  • High fluctuations in other special charges and restructuring expenses (e.g., ~$10.8 million in Q4 2023 and smaller charges in other quarters) suggest ongoing operational or restructuring costs impacting earnings.
  • The company has experienced large fluctuations in net income tax expenses and other income/expense items, contributing to unpredictability in net earnings.

In summary, while Helix Energy Solutions Group shows some signs of operational revenue growth and maintains a strong asset base, earnings volatility and recent operating cash flow challenges highlight some financial risks. Investors should watch upcoming earnings trends and cash flow for clearer signs of sustainable profitability.

08/06/25 04:32 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Helix Energy Solutions Group's Financials

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

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



This page (NYSE:HLX) was last updated on 8/6/2025 by MarketBeat.com Staff
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