What is Hornbeck Offshore Services' operating income?

Hornbeck Offshore Services' total operating income in 2025 was $65.14 million, based on the following breakdown: Total Gross Profit: $159.14 million Total Operating Expenses: $94.00 million

Hornbeck Offshore Services (HOS) Financials

$9.23 +0.03 (+0.33%)

As of 09/4/2026 03:58 PM Eastern

Annual Income Statements for Hornbeck Offshore Services

This table shows Hornbeck Offshore Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	67	-64	410	-119	-139	22	-62	-88	-11	56	31
Consolidated Net Income / (Loss)	67	-64	27	-119	-139	20	-62	-88	-11	56	31
Net Income / (Loss) Continuing Operations	67	-64	410	-119	-139	20	-62	-88	-11	56	31
Total Pre-Tax Income	107	-109	-123	-149	-176	1.38	-71	-75	7.51	82	42
Total Operating Income	144	-64	-89	-87	-107	13	-49	-45	64	127	65
Total Gross Profit	476	0.00	383	0.00	0.00	80	15	51	200	220	159
Total Revenue	476	0.00	383	0.00	0.00	734	675	873	1,290	1,359	1,291
Operating Revenue	446	-	383	-	-	734	675	873	1,290	1,359	1,291
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	654	659	822	1,089	1,139	1,132
Operating Cost of Revenue	-	-	-	-	-	654	659	822	1,089	1,139	1,132
Total Operating Expenses	333	64	89	87	107	67	64	95	137	92	94
Selling, General & Admin Expense	268	175	168	191	219	61	63	77	94	92	76
Impairment Charge	-	-	-	-	-	6.69	-	-	0.00	0.00	18
Restructuring Charge	-	-	-	-	-	0.00	0.00	2.66	0.54	0.00	0.00
Other Special Charges / (Income)	-44	-0.05	0.12	-0.06	-0.06	-0.89	0.63	16	42	0.48	0.00
Total Other Income / (Expense), net	-37	-45	-34	-61	-69	-12	-22	-30	-56	-45	-23
Interest Expense	39	49	36	64	83	-9.24	0.14	0.00	37	21	0.00
Interest & Investment Income	1.53	1.49	2.20	2.23	4.49	-28	-20	-7.00	-15	-21	-21
Other Income / (Expense), net	1.01	2.05	-0.40	-0.03	10	7.43	-1.49	-23	-3.59	-3.92	-1.39
Income Tax Expense	40	-46	-150	-30	-37	-19	-8.96	13	18	26	12
Basic Earnings per Share	$1.87	($1.76)	$0.74	($3.18)	($3.66)	$0.13	($0.41)	($0.58)	($0.07)	$0.37	$0.21
Weighted Average Basic Shares Outstanding	35.76M	36.25M	36.86M	37.51M	37.91M	148.99M	150.06M	151.28M	150.92M	151.99M	148.35M
Diluted Earnings per Share	$1.84	($1.76)	$0.73	($3.18)	($3.66)	$0.13	($0.41)	($0.58)	($0.07)	$0.36	$0.21
Weighted Average Diluted Shares Outstanding	36.30M	36.25M	37.66M	37.51M	37.91M	149.90M	150.06M	151.28M	150.92M	154.70M	148.45M
Weighted Average Basic & Diluted Shares Outstanding	35.70M	36.30M	37.15M	37.70M	-	150.71M	151.64M	152.15M	152.42M	150.94M	147.30M

This table shows Hornbeck Offshore Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-28	-26	32	30	20	3.07	-2.60	22	8.27	-13	23
Consolidated Net Income / (Loss)	-28	-26	32	30	20	3.07	-2.60	22	8.27	-13	23
Net Income / (Loss) Continuing Operations	-28	-26	32	30	20	3.07	-5.06	22	8.27	-13	15
Total Pre-Tax Income	-20	-28	47	39	24	3.53	-8.79	41	6.30	-17	22
Total Operating Income	15	-1.28	53	45	31	8.17	-3.04	48	12	-13	27
Total Gross Profit	49	20	75	66	59	28	13	66	51	8.83	56
Total Revenue	335	296	365	342	355	278	252	377	334	288	304
Operating Revenue	335	296	365	342	355	278	252	377	334	288	304
Total Cost of Revenue	286	277	289	277	296	251	238	311	284	279	248
Operating Cost of Revenue	286	277	289	277	296	251	238	311	284	279	248
Total Operating Expenses	34	21	22	21	28	19	16	18	38	22	29
Selling, General & Admin Expense	23	21	22	21	28	19	16	18	20	22	21
Restructuring Charge	-	-	-	-	-	-	0.00	-	-	-	8.34
Total Other Income / (Expense), net	-35	-27	-6.18	-5.61	-6.88	-4.65	-5.74	-6.60	-5.97	-3.24	-4.31
Interest & Investment Income	-4.68	-3.57	-5.89	-5.56	-5.51	-5.71	-6.18	-5.62	-5.48	-5.23	-4.15
Other Income / (Expense), net	6.96	-2.22	-0.29	-0.05	-1.37	1.06	0.43	-0.98	-0.49	1.99	-0.15
Income Tax Expense	8.72	-1.70	15	9.52	3.88	0.45	-3.72	19	-1.97	-3.15	7.14
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	2.46	-	-	-	7.46
Basic Earnings per Share	($0.19)	($0.17)	$0.21	$0.19	$0.14	$0.02	($0.02)	$0.15	$0.06	($0.09)	$0.15
Weighted Average Basic Shares Outstanding	150.92M	152.37M	152.23M	151.91M	151.99M	151.04M	148.52M	146.91M	148.35M	147.16M	147.22M
Diluted Earnings per Share	($0.19)	($0.17)	$0.21	$0.19	$0.13	$0.02	($0.02)	$0.15	$0.06	($0.09)	$0.15
Weighted Average Diluted Shares Outstanding	150.92M	152.37M	155.02M	154.85M	154.70M	152.17M	148.52M	147.70M	148.45M	147.16M	148.11M
Weighted Average Basic & Diluted Shares Outstanding	152.42M	152.45M	152.05M	152.10M	150.94M	151.53M	146.99M	147.08M	147.30M	147.30M	147.38M

This table details how cash moves in and out of Hornbeck Offshore Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	75	-43	-30	38	-51	29	36	-138	143	36	77
Net Cash From Operating Activities	217	54	-15	-42	-88	99	140	51	152	186	137
Net Cash From Continuing Operating Activities	217	54	-15	-42	-88	99	140	51	152	186	137
Net Income / (Loss) Continuing Operations	67	-64	27	-119	-139	20	-62	-88	-11	56	31
Consolidated Net Income / (Loss)	67	-64	27	-119	-139	20	-62	-88	-11	56	31
Depreciation Expense	83	93	99	99	98	134	142	129	138	137	135
Amortization Expense	36	32	21	14	16	10	3.18	16	28	38	55
Non-Cash Adjustments To Reconcile Net Income	-35	9.17	-4.42	3.48	6.46	-2.24	-4.49	-14	-11	-64	-27
Changes in Operating Assets and Liabilities, net	66	-17	-158	-40	-70	-63	62	8.16	7.47	19	-57
Net Cash From Investing Activities	-141	-97	-21	-53	-7.55	-19	-8.27	-138	-19	-23	-16
Net Cash From Continuing Investing Activities	-141	-97	-21	-53	-7.55	-19	-8.27	-138	-19	-23	-16
Purchase of Property, Plant & Equipment	-103	-21	-3.24	-8.05	-4.28	-20	-8.32	-34	-20	-23	-16
Sale of Property, Plant & Equipment	152	0.52	0.04	0.09	0.07	0.96	0.05	0.00	0.37	0.10	0.00
Other Investing Activities, net	-190	-76	-18	-45	-3.34	-	0.00	0.00	0.56	0.36	0.00
Net Cash From Financing Activities	-0.28	-0.25	6.23	134	44	-53	-96	-45	25	-125	-45
Net Cash From Continuing Financing Activities	-0.23	-0.25	6.23	134	44	-42	-96	-45	25	-125	-45
Repayment of Debt	-2.09	-1.10	-60	0.00	-85	-237	-92	-44	-276	-71	-9.19
Repurchase of Common Equity	-	-	-	-	-	0.00	-2.36	0.00	-12	-30	-30
Issuance of Debt	0.00	0.00	67	134	129	200	0.00	0.00	299	0.00	0.00
Issuance of Common Equity	3.11	1.30	0.49	0.40	0.14	0.62	0.65	0.58	0.98	1.86	1.75
Other Financing Activities, net	-1.30	-0.45	-0.58	-0.54	0.00	-5.26	-2.00	-1.90	14	-27	-7.40
Effect of Exchange Rate Changes	-0.84	0.99	-0.45	-0.84	-0.10	1.82	-0.04	-5.99	-16	-2.04	1.82

This table details how cash moves in and out of Hornbeck Offshore Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	164	-8.34	-49	49	44	1.96	-50	18	107	56	151
Net Cash From Operating Activities	95	64	-12	56	78	16	-17	24	113	62	54
Net Cash From Continuing Operating Activities	95	64	-12	56	78	16	-17	24	113	62	40
Net Income / (Loss) Continuing Operations	-28	-26	32	30	20	3.07	-2.60	22	8.27	-13	23
Consolidated Net Income / (Loss)	-28	-26	32	30	20	3.07	-2.60	22	8.27	-13	23
Depreciation Expense	18	37	43	43	4.47	33	34	34	34	34	25
Amortization Expense	26	10	0.59	0.56	37	9.79	12	22	11	11	10
Non-Cash Adjustments To Reconcile Net Income	-27	15	1.98	-1.59	-90	-17	-15	-12	17	-8.06	1.98
Changes in Operating Assets and Liabilities, net	105	28	-90	-16	106	-13	-45	-42	43	39	-20
Net Cash From Investing Activities	-2.86	-3.24	-3.99	-3.09	-13	-4.49	-4.47	-1.69	-5.70	-2.81	97
Net Cash From Continuing Investing Activities	-2.86	-3.24	-3.99	-3.09	-13	-4.49	-4.47	-1.69	-5.70	-2.81	-7.18
Purchase of Property, Plant & Equipment	-3.42	-3.61	-3.99	-3.19	-13	-4.49	-4.47	-1.69	-5.70	-2.81	-7.18
Net Cash From Financing Activities	76	-69	-32	-4.05	-20	-11	-30	-4.14	-0.14	-4.34	0.32
Net Cash From Continuing Financing Activities	76	-69	-32	-4.05	-20	-11	-30	-4.14	-0.14	-4.34	0.32
Issuance of Common Equity	-	0.50	0.62	0.74	-	0.73	0.51	0.51	-	0.49	0.47
Other Financing Activities, net	15	0.38	-27	-	-0.23	-7.27	-	-	-0.14	-0.07	0.00
Effect of Exchange Rate Changes	-4.54	-0.28	-0.41	0.46	-1.81	1.08	1.06	-0.16	-0.17	1.44	-0.29

This table presents Hornbeck Offshore Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	2,984	2,878	2,769	2,765	2,669	2,498	2,326	2,389	2,556	2,597	2,616
Total Current Assets	364	271	248	300	209	526	530	461	698	710	825
Cash & Equivalents	260	217	187	225	121	291	254	187	332	368	418
Accounts Receivable	91	37	45	55	67	132	144	213	280	259	241
Other Current Assets	13	17	17	20	21	102	58	59	85	83	65
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	101
Plant, Property, & Equipment, net	2,575	2,578	2,501	2,435	2,343	1,783	1,658	1,642	1,573	1,438	1,289
Plant, Property & Equipment, gross	-	-	-	2,435	2,343	2,949	2,938	3,016	3,079	3,069	3,025
Accumulated Depreciation	-	-	-	-	-	1,166	1,281	1,375	1,506	1,631	1,735
Total Noncurrent Assets	46	29	19	30	117	190	139	287	285	450	501
Other Noncurrent Operating Assets	46	29	19	30	117	190	139	287	285	450	422
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	79
Total Liabilities & Shareholders' Equity	2,984	2,878	2,769	2,765	2,669	2,498	2,326	2,389	2,556	2,597	2,616
Total Liabilities	1,538	1,475	1,331	1,457	1,496	754	679	873	1,055	1,077	1,036
Total Current Liabilities	85	45	49	161	1,337	279	278	298	449	304	300
Short-Term Debt	-	-	0.00	96	1,264	91	43	38	48	9.19	9.64
Accounts Payable	36	12	16	27	30	50	88	135	135	145	112
Accrued Expenses	24	10	8.46	9.75	12	87	92	74	203	90	91
Other Current Liabilities	-	-	-	0.00	2.95	52	56	51	63	60	60
Other Current Nonoperating Liabilities	15	15	15	16	17	-	-	-	-	-	27
Total Noncurrent Liabilities	1,454	1,430	1,282	1,295	159	475	400	575	606	773	736
Long-Term Debt	1,070	1,084	1,081	1,124	-	259	262	226	313	306	298
Noncurrent Deferred & Payable Income Tax Liabilities	382	343	197	169	133	111	87	99	111	114	106
Other Noncurrent Operating Liabilities	1.84	3.41	3.80	2.72	26	105	51	250	182	353	332
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	0.35
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,446	1,403	1,438	1,308	1,172	1,740	1,647	1,517	1,501	1,520	1,580
Total Preferred & Common Equity	1,446	1,403	1,438	1,308	1,172	1,740	1,647	1,517	1,501	1,520	1,580
Total Common Equity	1,446	1,403	1,438	1,308	1,172	1,740	1,647	1,517	1,501	1,520	1,580
Common Stock	748	755	761	762	767	1,328	1,292	1,299	1,272	1,252	1,218
Retained Earnings	702	638	669	549	409	465	411	323	312	368	399
Accumulated Other Comprehensive Income / (Loss)	-4.08	10	8.68	-3.76	-3.50	-52	-56	-105	-83	-101	-37

This table presents Hornbeck Offshore Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	2,369	2,424	2,435	2,614	2,597	2,661	2,635	2,673	2,632	2,568	2,570
Total Current Assets	449	512	555	606	624	694	736	760	798	819	939
Cash & Equivalents	167	183	168	324	275	324	370	320	338	501	652
Accounts Receivable	217	253	308	220	284	271	258	328	360	230	205
Other Current Assets	63	76	79	62	65	99	108	113	101	88	82
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	0.00
Plant, Property, & Equipment, net	1,626	1,609	1,575	1,530	1,501	1,511	1,434	1,454	1,407	1,320	1,233
Plant, Property & Equipment, gross	3,037	3,059	3,050	3,067	3,074	3,137	3,114	3,199	3,173	3,137	3,015
Accumulated Depreciation	1,410	1,450	1,475	1,538	1,573	1,626	1,679	1,745	1,766	1,817	1,783
Total Noncurrent Assets	294	303	305	478	472	456	464	458	426	429	398
Other Noncurrent Operating Assets	294	303	305	478	472	456	464	458	426	429	398
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	0.00
Total Liabilities & Shareholders' Equity	2,369	2,424	2,435	2,614	2,597	2,661	2,635	2,673	2,632	2,568	2,570
Total Liabilities	854	892	904	1,147	1,100	1,091	1,090	1,104	1,057	1,011	986
Total Current Liabilities	288	383	390	348	300	303	323	348	314	281	271
Short-Term Debt	38	38	8.75	8.97	8.97	9.19	9.41	9.41	9.64	9.39	9.52
Accounts Payable	134	146	142	120	145	142	160	172	147	138	124
Accrued Expenses	61	143	178	164	89	92	91	105	99	69	73
Other Current Liabilities	54	56	61	55	58	60	64	62	58	64	65
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Total Noncurrent Liabilities	566	509	514	799	800	787	766	756	743	730	715
Long-Term Debt	222	222	219	309	310	305	302	302	298	294	295
Noncurrent Deferred & Payable Income Tax Liabilities	98	100	106	110	120	124	113	115	118	105	105
Other Noncurrent Operating Liabilities	246	187	190	380	370	358	351	339	327	331	316
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,516	1,532	1,531	1,467	1,497	1,571	1,545	1,569	1,575	1,557	1,584
Total Preferred & Common Equity	1,516	1,532	1,531	1,467	1,497	1,571	1,545	1,569	1,575	1,557	1,584
Total Common Equity	1,516	1,532	1,531	1,467	1,497	1,571	1,545	1,569	1,575	1,557	1,584
Common Stock	1,294	1,291	1,291	1,270	1,268	1,270	1,247	1,219	1,222	1,220	1,222
Retained Earnings	318	325	341	286	318	348	371	369	391	386	408
Accumulated Other Comprehensive Income / (Loss)	-97	-85	-101	-90	-89	-48	-73	-19	-37	-49	-47

This table displays calculated financial ratios and metrics derived from Hornbeck Offshore Services' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-25.00%	-100.00%	0.00%	-100.00%	0.00%	-2.44%	-8.02%	29.40%	47.72%	5.34%	-4.94%
EBITDA Growth	-10.31%	-76.16%	-50.80%	-16.83%	-32.87%	-14.31%	-42.48%	-18.71%	194.84%	32.06%	-15.28%
EBIT Growth	-14.93%	-143.01%	-43.39%	1.95%	-10.80%	-70.42%	-345.26%	-35.89%	187.88%	106.13%	-48.39%
NOPAT Growth	-15.23%	-149.95%	-38.19%	1.54%	-22.57%	216.06%	-118.02%	7.87%	-191.75%	194.31%	-45.29%
Net Income Growth	-24.52%	-195.55%	142.95%	-534.42%	-16.53%	-65.19%	-407.13%	-42.31%	87.65%	613.35%	-44.59%
EPS Growth	-23.65%	-195.65%	141.48%	-535.62%	-15.09%	-65.79%	-415.38%	-41.46%	87.93%	614.29%	-41.67%
Operating Cash Flow Growth	33.10%	-75.36%	-127.40%	-188.93%	-107.75%	-41.77%	41.82%	-63.52%	198.30%	22.02%	-26.49%
Free Cash Flow Firm Growth	135.35%	-174.62%	-114.49%	73.16%	-163.54%	3,063.92%	-38.53%	-98.41%	-1,435.81%	592.52%	-52.38%
Invested Capital Growth	0.55%	0.57%	2.72%	-1.18%	0.56%	-2.37%	-9.83%	-2.07%	-3.84%	-4.16%	-1.65%
Revenue Q/Q Growth	-13.06%	-100.00%	910.23%	-100.00%	-100.00%	-1.46%	1.32%	15.81%	3.81%	1.49%	-1.60%
EBITDA Q/Q Growth	-11.74%	-32.53%	52.66%	-6.64%	4.04%	5.89%	-28.30%	107.17%	8.84%	0.45%	-5.39%
EBIT Q/Q Growth	-18.78%	-105.74%	12.70%	-1.18%	0.76%	17.86%	-263.36%	33.88%	31.41%	4.18%	-21.76%
NOPAT Q/Q Growth	-18.76%	-99.11%	12.95%	-1.46%	-10.13%	294.32%	-132.02%	32.64%	-441.24%	313.17%	-20.41%
Net Income Q/Q Growth	-24.63%	-35.06%	132.04%	-10,098.89%	-3.47%	-15.97%	-94.84%	24.58%	-153.64%	674.56%	-27.77%
EPS Q/Q Growth	-24.90%	-34.35%	131.33%	-31,700.00%	-3.39%	-18.75%	-86.36%	24.68%	-150.00%	800.00%	-25.00%
Operating Cash Flow Q/Q Growth	-4.73%	-40.42%	55.40%	-277.10%	0.98%	-28.62%	-13.20%	152.25%	41.91%	-8.26%	34.64%
Free Cash Flow Firm Q/Q Growth	-9.46%	26.57%	-223.77%	72.50%	-1.81%	359.98%	13.03%	-94.01%	-268.30%	205.00%	-6.23%
Invested Capital Q/Q Growth	1.53%	-0.40%	3.81%	-0.12%	-0.35%	-0.23%	-2.40%	0.70%	-3.70%	-6.04%	-6.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	0.00%	100.00%	0.00%	0.00%	10.89%	2.28%	5.80%	15.53%	16.16%	12.32%
EBITDA Margin	55.30%	0.00%	8.07%	0.00%	0.00%	22.40%	14.01%	8.80%	17.56%	22.02%	19.62%
Operating Margin	30.15%	0.00%	-23.18%	0.00%	0.00%	1.78%	-7.22%	-5.14%	4.92%	9.38%	5.04%
EBIT Margin	30.36%	0.00%	-23.28%	0.00%	0.00%	2.79%	-7.44%	-7.81%	4.65%	9.09%	4.94%
Profit (Net Income) Margin	14.04%	0.00%	7.16%	0.00%	0.00%	2.74%	-9.14%	-10.05%	-0.84%	4.10%	2.39%
Tax Burden Percent	62.70%	58.39%	-22.33%	80.09%	78.96%	1,452.21%	87.32%	116.76%	-144.24%	67.80%	72.57%
Interest Burden Percent	73.73%	175.90%	137.79%	170.18%	181.54%	6.76%	140.79%	110.26%	12.54%	66.44%	66.64%
Effective Tax Rate	37.30%	0.00%	0.00%	0.00%	0.00%	-1,352.21%	0.00%	0.00%	244.24%	32.20%	27.43%
Return on Invested Capital (ROIC)	3.97%	0.00%	-2.68%	0.00%	0.00%	10.37%	-1.99%	-1.95%	-5.87%	5.76%	3.25%
ROIC Less NNEP Spread (ROIC-NNEP)	1.27%	0.00%	7.32%	0.00%	0.00%	-157.41%	-154.80%	-215.34%	148.72%	269.33%	20.55%
Return on Net Nonoperating Assets (RNNOA)	0.77%	0.00%	4.61%	0.00%	0.00%	-9.20%	-1.65%	-3.60%	5.15%	-2.08%	-1.26%
Return on Equity (ROE)	4.74%	-4.48%	1.93%	-8.68%	-11.19%	1.17%	-3.64%	-5.55%	-0.72%	3.68%	1.99%
Cash Return on Invested Capital (CROIC)	3.43%	-2.54%	-5.37%	-1.43%	-3.78%	12.77%	8.35%	0.14%	-1.95%	10.01%	4.91%
Operating Return on Assets (OROA)	4.95%	0.00%	-3.16%	0.00%	0.00%	0.80%	-2.08%	-2.89%	2.42%	4.79%	2.45%
Return on Assets (ROA)	2.29%	0.00%	0.97%	0.00%	0.00%	0.79%	-2.56%	-3.72%	-0.44%	2.16%	1.18%
Return on Common Equity (ROCE)	4.74%	-4.48%	1.93%	-8.68%	-11.19%	1.16%	-3.63%	-5.55%	-0.72%	3.68%	1.99%
Return on Equity Simple (ROE_SIMPLE)	4.62%	-4.55%	1.91%	-9.11%	-11.84%	1.15%	-3.74%	-5.79%	-0.72%	3.66%	0.00%
Net Operating Profit after Tax (NOPAT)	90	-45	-62	-61	-75	189	-34	-31	-92	86	47
NOPAT Margin	18.90%	0.00%	-16.23%	0.00%	0.00%	25.79%	-5.05%	-3.60%	-7.10%	6.36%	3.66%
Net Nonoperating Expense Percent (NNEP)	2.71%	2.21%	-10.00%	6.04%	5.88%	167.78%	152.82%	213.39%	-154.59%	-263.56%	-17.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-1.76%	-4.92%	4.71%	2.50%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	89.11%	97.72%	94.20%	84.47%	83.84%	87.68%
SG&A Expenses to Revenue	56.20%	0.00%	43.92%	0.00%	0.00%	8.33%	9.40%	8.79%	7.32%	6.75%	5.88%
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	69.85%	0.00%	23.18%	0.00%	0.00%	9.12%	9.50%	10.93%	10.61%	6.78%	7.28%
Earnings before Interest and Taxes (EBIT)	145	-62	-89	-87	-97	20	-50	-68	60	124	64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	263	63	31	26	17	164	95	77	227	299	253
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.36	0.29	0.74	1.03	0.93	0.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.36	0.29	0.74	1.03	0.93	0.58
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.86	0.70	1.28	1.20	1.04	0.71
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	28.44	0.00	0.00	0.00	25.48	29.92
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%	0.00%	0.00%	3.52%	0.00%	0.00%	0.00%	3.92%	3.34%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.38	0.28	0.75	1.03	0.93	0.54
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.94	0.66	1.37	1.22	1.00	0.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	4.22	4.75	15.56	6.97	4.56	3.10
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	33.86	0.00	0.00	26.35	11.05	12.31
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	3.66	0.00	0.00	0.00	15.80	16.61
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	7.01	3.20	23.39	10.36	7.34	5.74
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	2.97	3.13	524.19	0.00	9.10	10.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.77	0.75	0.93	1.08	0.20	0.19	0.17	0.24	0.21	0.19
Long-Term Debt to Equity	0.74	0.77	0.75	0.86	0.00	0.15	0.16	0.15	0.21	0.20	0.19
Financial Leverage	0.61	0.60	0.63	0.70	0.88	0.06	0.01	0.02	0.03	-0.01	-0.06
Leverage Ratio	2.08	2.06	1.99	2.02	2.19	1.48	1.42	1.49	1.64	1.71	1.68
Compound Leverage Factor	1.53	3.62	2.74	3.43	3.98	0.10	2.00	1.64	0.21	1.13	1.12
Debt to Total Capital	42.53%	43.58%	42.91%	48.26%	51.88%	16.69%	15.62%	14.83%	19.42%	17.18%	16.31%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	3.81%	51.88%	4.33%	2.20%	2.15%	2.59%	0.50%	0.51%
Long-Term Debt to Total Capital	42.53%	43.58%	42.91%	44.45%	0.00%	12.37%	13.43%	12.68%	16.83%	16.67%	15.80%
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%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.47%	56.42%	57.09%	51.74%	48.12%	83.12%	84.38%	85.17%	80.58%	82.82%	83.69%
Debt to EBITDA	4.07	17.27	35.00	47.50	73.31	2.13	3.23	3.44	1.60	1.05	1.22
Net Debt to EBITDA	3.08	13.81	28.95	38.74	66.26	0.35	-0.23	0.98	0.13	-0.18	-0.54
Long-Term Debt to EBITDA	4.07	17.27	35.00	43.75	0.00	1.58	2.77	2.94	1.38	1.02	1.18
Debt to NOPAT	11.89	-24.11	-17.40	-19.95	-16.86	1.85	-8.95	-8.41	-3.95	3.65	6.52
Net Debt to NOPAT	9.01	-19.28	-14.39	-16.27	-15.24	0.31	0.65	-2.39	-0.32	-0.61	-2.90
Long-Term Debt to NOPAT	11.89	-24.11	-17.40	-18.37	0.00	1.37	-7.69	-7.19	-3.42	3.54	6.31
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	1.20	1.01	1.31	1.75	1.86	1.56
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.11%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.31	5.99	5.08	1.86	0.16	1.88	1.90	1.55	1.56	2.33	2.75
Quick Ratio	4.15	5.62	4.74	1.74	0.14	1.52	1.43	1.34	1.37	2.06	2.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	78	-58	-124	-33	-88	233	143	2.28	-30	150	71
Operating Cash Flow to CapEx	0.00%	258.03%	-458.64%	-532.06%	-2,091.42%	512.42%	1,694.08%	152.54%	793.10%	801.74%	836.79%
Free Cash Flow to Firm to Interest Expense	1.97	-1.19	-3.46	-0.52	-1.05	0.00	1,052.66	0.00	-0.82	7.17	0.00
Operating Cash Flow to Interest Expense	5.50	1.10	-0.41	-0.67	-1.05	0.00	1,030.27	0.00	4.09	8.89	0.00
Operating Cash Flow Less CapEx to Interest Expense	6.73	0.67	-0.50	-0.79	-1.10	0.00	969.46	0.00	3.57	7.78	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.00	0.14	0.00	0.00	0.29	0.28	0.37	0.52	0.53	0.50
Accounts Receivable Turnover	4.29	0.00	9.42	0.00	0.00	5.69	4.88	4.89	5.23	5.04	4.59
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	0.19	0.00	0.15	0.00	0.00	0.40	0.39	0.53	0.80	0.90	0.92
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	10.98	9.56	7.37	8.07	8.15	8.11
Days Sales Outstanding (DSO)	85.17	0.00	38.73	0.00	0.00	64.11	74.75	74.60	69.79	72.41	79.50
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)	0.00	0.00	0.00	0.00	0.00	33.25	38.19	49.53	45.20	44.76	44.98
Cash Conversion Cycle (CCC)	85.17	0.00	38.73	0.00	0.00	30.86	36.56	25.07	24.59	27.65	34.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,271	2,284	2,347	2,319	2,332	1,803	1,625	1,592	1,531	1,467	1,443
Invested Capital Turnover	0.21	0.00	0.17	0.00	0.00	0.40	0.39	0.54	0.83	0.91	0.89
Increase / (Decrease) in Invested Capital	12	13	62	-28	13	-44	-177	-34	-61	-64	-24
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	693	449	1,195	1,579	1,365	785
Market Capitalization	0.00	0.00	0.00	0.00	0.00	631	471	1,120	1,549	1,418	922
Book Value per Share	$40.34	$38.57	$38.81	$34.79	$30.86	$11.59	$10.92	$9.99	$9.96	$9.99	$10.74
Tangible Book Value per Share	$40.34	$38.57	$38.81	$34.79	$30.86	$11.59	$10.92	$9.99	$9.96	$9.99	$10.74
Total Capital	2,516	2,487	2,519	2,528	2,436	2,094	1,952	1,781	1,863	1,835	1,888
Total Debt	1,070	1,084	1,081	1,220	1,264	350	305	264	362	315	308
Total Long-Term Debt	1,070	1,084	1,081	1,124	0.00	259	262	226	313	306	298
Net Debt	810	867	894	995	1,142	58	-22	75	30	-53	-137
Capital Expenditures (CapEx)	-49	21	3.20	7.96	4.21	19	8.27	34	19	23	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	8.39	13	9.76	14	46	-33	12	-35	46	90
Debt-free Net Working Capital (DFNWC)	280	225	200	235	135	337	294	201	298	414	535
Net Working Capital (NWC)	280	225	200	138	-1,128	246	251	163	249	405	525
Net Nonoperating Expense (NNE)	23	19	-90	58	64	169	28	56	-81	31	16
Net Nonoperating Obligations (NNO)	825	881	909	1,011	1,159	58	-22	75	30	-53	-137
Total Depreciation and Amortization (D&A)	119	125	120	113	114	144	145	145	167	176	190
Debt-free, Cash-free Net Working Capital to Revenue	4.14%	0.00%	3.33%	0.00%	0.00%	6.23%	-4.89%	1.34%	-2.69%	3.42%	6.95%
Debt-free Net Working Capital to Revenue	58.71%	0.00%	52.13%	0.00%	0.00%	45.94%	43.59%	23.00%	23.07%	30.51%	41.42%
Net Working Capital to Revenue	58.71%	0.00%	52.13%	0.00%	0.00%	33.58%	37.24%	18.63%	19.32%	29.83%	40.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.87	($1.76)	$0.74	($3.18)	($3.66)	$0.13	($0.41)	($0.58)	($0.07)	$0.37	$0.21
Adjusted Weighted Average Basic Shares Outstanding	35.76M	36.25M	36.86M	37.51M	37.91M	148.99M	150.06M	151.28M	150.92M	151.99M	148.35M
Adjusted Diluted Earnings per Share	$1.84	($1.76)	$0.73	($3.18)	($3.66)	$0.13	($0.41)	($0.58)	($0.07)	$0.36	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	36.30M	36.25M	37.66M	37.51M	37.91M	149.90M	150.06M	151.28M	150.92M	154.70M	148.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($3.66)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.99M	36.47M	37.15M	37.70M	0.00	150.71M	151.64M	152.15M	152.42M	150.94M	147.30M
Normalized Net Operating Profit after Tax (NOPAT)	62	-45	-62	-61	-75	13	-34	-18	74	87	60
Normalized NOPAT Margin	13.10%	0.00%	-16.20%	0.00%	0.00%	1.80%	-4.99%	-2.10%	5.75%	6.38%	4.68%
Pre Tax Income Margin	22.39%	0.00%	-32.08%	0.00%	0.00%	0.19%	-10.47%	-8.61%	0.58%	6.04%	3.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.66	-1.28	-2.48	-1.38	-1.16	0.00	-368.95	0.00	1.61	5.90	0.00
NOPAT to Interest Expense	2.28	-0.92	-1.73	-0.96	-0.90	0.00	-250.59	0.00	-2.46	4.13	0.00
EBIT Less CapEx to Interest Expense	4.89	-1.70	-2.57	-1.50	-1.21	0.00	-429.76	0.00	1.09	4.79	0.00
NOPAT Less CapEx to Interest Expense	3.51	-1.35	-1.82	-1.09	-0.95	0.00	-311.41	0.00	-2.97	3.02	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%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.82%	0.00%	-110.61%	53.24%	98.01%

This table displays calculated financial ratios and metrics derived from Hornbeck Offshore Services' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	147,296,092.00	147,296,092.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	147,296,092.00	147,296,092.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.09	0.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.45%	18.44%	18.13%	-13.46%	5.96%	-6.13%	-17.14%	10.09%	-5.91%	3.55%	20.79%
EBITDA Growth	37.78%	30.68%	78.60%	22.53%	5.28%	16.95%	-55.40%	17.10%	-20.43%	-36.61%	92.57%
EBIT Growth	178.59%	28.13%	265.74%	59.42%	32.07%	323.80%	-105.13%	5.11%	-60.09%	-222.73%	1,117.66%
NOPAT Growth	505.94%	84.63%	165.15%	43.09%	140.44%	897.34%	-106.04%	-24.11%	-37.79%	-230.87%	954.69%
Net Income Growth	-1,145.88%	-408.94%	354.77%	89.68%	171.02%	111.69%	-108.05%	-25.18%	-58.90%	-536.39%	974.52%
EPS Growth	-1,050.00%	-466.67%	320.00%	90.00%	168.42%	111.76%	-109.52%	-21.05%	-53.85%	-550.00%	850.00%
Operating Cash Flow Growth	90.57%	1,295.92%	-138.61%	76.30%	-17.69%	-74.50%	-40.85%	-56.44%	45.12%	275.78%	414.58%
Free Cash Flow Firm Growth	131.76%	786.10%	275.43%	317.88%	24.50%	-112.51%	-121.14%	-31.61%	-55.00%	749.38%	1,630.18%
Invested Capital Growth	-3.84%	-9.08%	-4.34%	-1.78%	-4.16%	1.73%	1.32%	-1.08%	-1.65%	-8.55%	-20.82%
Revenue Q/Q Growth	-15.29%	-11.62%	23.15%	-6.13%	3.71%	-21.70%	8.71%	24.70%	-11.35%	-13.83%	5.58%
EBITDA Q/Q Growth	-6.61%	-37.27%	123.00%	-9.20%	-19.76%	-28.02%	-14.96%	138.41%	-45.47%	-41.06%	84.66%
EBIT Q/Q Growth	-20.12%	-114.22%	1,615.03%	-15.72%	-33.82%	-73.52%	-134.74%	1,826.26%	-74.87%	-196.20%	334.45%
NOPAT Q/Q Growth	-54.36%	-108.30%	4,190.09%	-7.61%	-23.31%	-72.49%	-130.98%	1,260.97%	-37.13%	-157.88%	295.27%
Net Income Q/Q Growth	-282.09%	7.22%	222.83%	-8.59%	-31.83%	-84.73%	-184.57%	950.00%	-62.55%	-262.10%	269.48%
EPS Q/Q Growth	-290.00%	10.53%	223.53%	-9.52%	-31.58%	-84.62%	-200.00%	850.00%	-60.00%	-250.00%	266.67%
Operating Cash Flow Q/Q Growth	199.70%	-31.93%	-118.86%	558.16%	39.92%	-78.91%	-204.20%	241.70%	366.13%	-45.40%	-12.77%
Free Cash Flow Firm Q/Q Growth	384.39%	101.60%	-26.59%	-41.71%	44.31%	-120.25%	-24.12%	288.55%	-5.04%	192.22%	191.47%
Invested Capital Q/Q Growth	-3.70%	-4.53%	5.42%	1.35%	-6.04%	1.33%	5.00%	-1.05%	-6.58%	-5.78%	-9.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.70%	6.60%	20.69%	19.18%	16.57%	9.90%	4.95%	17.51%	15.15%	3.07%	18.49%
EBITDA Margin	20.02%	14.68%	26.58%	25.71%	19.89%	18.29%	14.31%	27.35%	16.82%	11.51%	20.13%
Operating Margin	4.59%	-0.43%	14.58%	13.04%	8.69%	2.94%	-1.04%	12.69%	3.67%	-4.62%	8.79%
EBIT Margin	6.67%	-1.18%	14.50%	13.02%	8.31%	2.81%	-0.90%	12.43%	3.52%	-3.93%	8.74%
Profit (Net Income) Margin	-8.45%	-8.87%	8.85%	8.62%	5.67%	1.10%	-0.86%	5.86%	2.47%	-4.66%	7.47%
Tax Burden Percent	144.47%	93.93%	68.68%	75.61%	83.83%	87.15%	30.23%	53.53%	131.31%	80.96%	101.40%
Interest Burden Percent	-87.78%	801.40%	88.86%	87.54%	81.33%	45.11%	316.57%	88.02%	53.48%	146.16%	84.36%
Effective Tax Rate	0.00%	0.00%	31.32%	24.39%	16.17%	12.85%	0.00%	46.47%	-31.31%	0.00%	31.87%
Return on Invested Capital (ROIC)	2.65%	-0.26%	8.85%	8.38%	6.61%	2.33%	-0.60%	5.74%	4.28%	-2.96%	5.80%
ROIC Less NNEP Spread (ROIC-NNEP)	-72.18%	-59.60%	1.88%	-8.77%	56.01%	14.87%	-2.81%	23.40%	12.52%	0.23%	3.26%
Return on Net Nonoperating Assets (RNNOA)	-2.50%	-1.71%	0.08%	-0.14%	-0.43%	-0.32%	-0.03%	-0.30%	-0.77%	-0.02%	-0.37%
Return on Equity (ROE)	0.15%	-1.97%	8.92%	8.24%	6.17%	2.01%	-0.63%	5.45%	3.51%	-2.98%	5.43%
Cash Return on Invested Capital (CROIC)	-1.95%	12.73%	2.53%	3.12%	10.01%	5.24%	3.18%	4.91%	4.91%	10.89%	26.64%
Operating Return on Assets (OROA)	3.48%	-0.63%	8.04%	6.84%	4.38%	1.44%	-0.44%	6.17%	1.75%	-1.97%	4.51%
Return on Assets (ROA)	-4.41%	-4.76%	4.91%	4.53%	2.99%	0.56%	-0.42%	2.91%	1.23%	-2.33%	3.86%
Return on Common Equity (ROCE)	0.15%	-1.97%	8.92%	8.24%	6.17%	2.01%	-0.63%	5.45%	3.51%	-2.98%	5.43%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-2.18%	-0.45%	0.46%	0.00%	5.50%	3.19%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	-0.89	37	34	26	7.12	-2.21	26	16	-9.32	18
NOPAT Margin	3.21%	-0.30%	10.01%	9.86%	7.29%	2.56%	-0.73%	6.80%	4.82%	-3.24%	5.99%
Net Nonoperating Expense Percent (NNEP)	74.83%	59.34%	6.96%	17.15%	-49.40%	-12.55%	2.21%	-17.66%	-8.24%	-3.19%	2.54%
Return On Investment Capital (ROIC_SIMPLE)	0.58%	-	-	-	1.41%	0.38%	-0.12%	1.36%	0.85%	-0.50%	0.96%
Cost of Revenue to Revenue	85.30%	93.40%	79.31%	80.82%	83.43%	90.10%	95.06%	82.49%	84.85%	96.93%	81.51%
SG&A Expenses to Revenue	6.85%	6.98%	6.11%	6.17%	7.76%	6.96%	5.99%	4.82%	6.08%	7.69%	6.95%
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	10.11%	7.03%	6.11%	6.14%	7.88%	6.96%	5.99%	4.82%	11.48%	7.69%	9.70%
Earnings before Interest and Taxes (EBIT)	22	-3.49	53	45	30	7.82	-2.72	47	12	-11	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	67	43	97	88	71	51	43	103	56	33	61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	1.13	1.22	1.07	0.93	0.81	0.60	0.61	0.58	0.94	0.81
Price to Tangible Book Value (P/TBV)	1.03	1.13	1.22	1.07	0.93	0.81	0.60	0.61	0.58	0.94	0.81
Price to Revenue (P/Rev)	1.20	1.24	1.31	1.26	1.04	0.94	0.74	0.73	0.71	1.12	0.95
Price to Earnings (P/E)	0.00	0.00	0.00	234.97	25.48	14.76	18.87	22.59	29.92	101.52	32.45
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%	0.43%	3.92%	6.78%	5.30%	4.43%	3.34%	0.99%	3.08%
Enterprise Value to Invested Capital (EV/IC)	1.03	1.13	1.21	1.08	0.93	0.80	0.60	0.60	0.54	0.93	0.76
Enterprise Value to Revenue (EV/Rev)	1.22	1.23	1.34	1.25	1.00	0.89	0.73	0.71	0.61	0.97	0.69
Enterprise Value to EBITDA (EV/EBITDA)	6.97	6.89	6.62	5.64	4.56	3.90	3.71	3.49	3.10	5.37	3.56
Enterprise Value to EBIT (EV/EBIT)	26.35	25.93	18.28	14.16	11.05	8.87	11.84	11.46	12.31	29.16	12.98
Enterprise Value to NOPAT (EV/NOPAT)	0.00	33.35	0.00	80.26	15.80	11.67	13.46	15.72	16.61	45.03	19.78
Enterprise Value to Operating Cash Flow (EV/OCF)	10.36	7.41	10.43	8.28	7.34	8.66	7.05	9.19	5.74	6.92	3.71
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	8.43	46.80	34.12	9.10	15.49	19.00	12.25	10.99	8.12	2.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.22	0.21	0.20	0.21	0.20	0.20	0.20	0.19	0.20	0.19
Long-Term Debt to Equity	0.21	0.21	0.21	0.19	0.20	0.20	0.19	0.19	0.19	0.19	0.19
Financial Leverage	0.03	0.03	0.04	0.02	-0.01	-0.02	0.01	-0.01	-0.06	-0.08	-0.11
Leverage Ratio	1.64	1.67	1.66	1.64	1.71	1.74	1.72	1.68	1.68	1.68	1.66
Compound Leverage Factor	-1.44	13.39	1.47	1.44	1.39	0.79	5.44	1.48	0.90	2.45	1.40
Debt to Total Capital	19.42%	17.82%	17.55%	16.69%	17.18%	16.76%	16.57%	16.33%	16.31%	16.33%	16.12%
Short-Term Debt to Total Capital	2.59%	0.50%	0.49%	0.49%	0.50%	0.51%	0.50%	0.51%	0.51%	0.50%	0.50%
Long-Term Debt to Total Capital	16.83%	17.32%	17.06%	16.20%	16.67%	16.25%	16.07%	15.82%	15.80%	15.82%	15.61%
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	80.58%	82.18%	82.45%	83.31%	82.82%	83.24%	83.43%	83.67%	83.69%	83.67%	83.88%
Debt to EBITDA	1.60	1.33	1.13	1.06	1.05	1.01	1.23	1.15	1.22	1.30	1.15
Net Debt to EBITDA	0.13	-0.02	0.15	-0.03	-0.18	-0.19	-0.03	-0.11	-0.54	-0.84	-1.32
Long-Term Debt to EBITDA	1.38	1.29	1.10	1.03	1.02	0.98	1.20	1.11	1.18	1.26	1.12
Debt to NOPAT	-3.95	6.44	-10.60	15.05	3.65	3.04	4.48	5.18	6.52	10.86	6.41
Net Debt to NOPAT	-0.32	-0.12	-1.45	-0.45	-0.61	-0.57	-0.12	-0.51	-2.90	-7.06	-7.33
Long-Term Debt to NOPAT	-3.42	6.26	-10.30	14.61	3.54	2.95	4.34	5.01	6.31	10.53	6.21
Altman Z-Score	1.70	1.64	1.92	1.85	1.74	1.59	1.37	1.53	1.50	1.82	1.88
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	1.56	1.74	2.08	2.29	2.33	2.28	2.19	2.54	2.75	2.92	3.47
Quick Ratio	1.37	1.56	1.86	1.96	2.06	1.94	1.86	2.22	2.50	2.60	3.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	72	145	106	62	90	-18	-23	42	40	118	343
Operating Cash Flow to CapEx	2,767.66%	1,788.74%	-304.94%	1,805.93%	622.67%	366.35%	-383.29%	1,438.21%	1,986.71%	2,198.01%	750.97%
Free Cash Flow to Firm to Interest Expense	1.93	6.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.54	3.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.45	2.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.54	0.55	0.53	0.53	0.51	0.49	0.50	0.50	0.50	0.52
Accounts Receivable Turnover	5.23	6.12	5.19	4.62	5.04	5.60	4.18	4.16	4.59	5.33	5.08
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	0.80	0.85	0.90	0.87	0.90	0.90	0.86	0.90	0.92	0.94	1.01
Accounts Payable Turnover	8.07	8.88	8.03	7.93	8.15	7.94	7.01	7.90	8.11	7.79	7.90
Days Sales Outstanding (DSO)	69.79	59.67	70.38	78.93	72.41	65.13	87.34	87.67	79.50	68.52	71.83
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)	45.20	41.10	45.47	46.02	44.76	45.95	52.09	46.19	44.98	46.89	46.20
Cash Conversion Cycle (CCC)	24.59	18.57	24.91	32.90	27.65	19.17	35.25	41.48	34.52	21.64	25.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,531	1,461	1,540	1,561	1,467	1,486	1,561	1,544	1,443	1,359	1,236
Invested Capital Turnover	0.83	0.87	0.88	0.85	0.91	0.91	0.82	0.85	0.89	0.91	0.97
Increase / (Decrease) in Invested Capital	-61	-146	-70	-28	-64	25	20	-17	-24	-127	-325
Enterprise Value (EV)	1,579	1,647	1,864	1,678	1,365	1,195	937	934	785	1,259	939
Market Capitalization	1,549	1,652	1,820	1,688	1,418	1,254	946	964	922	1,457	1,287
Book Value per Share	$9.96	$9.62	$9.82	$10.33	$9.99	$10.24	$10.35	$10.71	$10.74	$10.57	$10.75
Tangible Book Value per Share	$9.96	$9.62	$9.82	$10.33	$9.99	$10.24	$10.35	$10.71	$10.74	$10.57	$10.75
Total Capital	1,863	1,785	1,815	1,885	1,835	1,856	1,880	1,882	1,888	1,861	1,888
Total Debt	362	318	319	315	315	311	312	307	308	304	304
Total Long-Term Debt	313	309	310	305	306	302	302	298	298	294	295
Net Debt	30	-5.69	44	-9.45	-53	-59	-8.13	-31	-137	-198	-348
Capital Expenditures (CapEx)	3.42	3.61	3.99	3.09	13	4.49	4.47	1.69	5.70	2.81	7.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-35	-57	58	76	46	52	102	156	90	46	26
Debt-free Net Working Capital (DFNWC)	298	267	333	400	414	422	422	494	535	548	678
Net Working Capital (NWC)	249	258	324	391	405	413	412	484	525	538	668
Net Nonoperating Expense (NNE)	39	25	4.24	4.24	5.77	4.05	0.39	3.53	7.83	4.09	-4.52
Net Nonoperating Obligations (NNO)	30	-5.69	44	-9.45	-53	-59	-8.13	-31	-137	-198	-348
Total Depreciation and Amortization (D&A)	45	47	44	43	41	43	46	56	44	44	35
Debt-free, Cash-free Net Working Capital to Revenue	-2.69%	-4.28%	4.14%	5.66%	3.42%	3.90%	7.99%	11.87%	6.95%	3.56%	1.89%
Debt-free Net Working Capital to Revenue	23.07%	19.96%	23.90%	29.88%	30.51%	31.50%	33.01%	37.62%	41.42%	42.08%	50.08%
Net Working Capital to Revenue	19.32%	19.29%	23.26%	29.19%	29.83%	30.80%	32.27%	36.89%	40.68%	41.36%	49.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.19)	($0.17)	$0.21	$0.19	$0.14	$0.02	($0.02)	$0.15	$0.06	($0.09)	$0.15
Adjusted Weighted Average Basic Shares Outstanding	150.92M	152.37M	152.23M	151.91M	151.99M	151.04M	148.52M	146.91M	148.35M	147.16M	147.22M
Adjusted Diluted Earnings per Share	($0.19)	($0.17)	$0.21	$0.19	$0.13	$0.02	($0.02)	$0.15	$0.06	($0.09)	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	150.92M	152.37M	155.02M	154.85M	154.70M	152.17M	148.52M	147.70M	148.45M	147.16M	148.11M
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	152.42M	152.45M	152.05M	152.10M	150.94M	151.53M	146.99M	147.08M	147.30M	147.30M	147.38M
Normalized Net Operating Profit after Tax (NOPAT)	18	-0.79	37	34	26	7.12	-2.21	26	8.58	-9.32	24
Normalized NOPAT Margin	5.49%	-0.27%	10.01%	9.84%	7.39%	2.56%	-0.73%	6.80%	2.57%	-3.24%	7.86%
Pre Tax Income Margin	-5.85%	-9.45%	12.89%	11.40%	6.76%	1.27%	-2.84%	10.94%	1.88%	-5.75%	7.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.60	-0.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.29	-0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.51	-0.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.20	-0.22	0.00	0.00	0.00	0.00	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	-110.61%	-34.99%	-178.97%	141.85%	53.24%	29.93%	99.07%	116.32%	98.01%	0.00%	0.38%

Financials Breakdown Chart

Key Financial Trends

Helix Energy Solutions Group (NYSE: HLX) showed a meaningful improvement in second-quarter 2026 profitability and liquidity compared with the prior-year period. Revenue increased to $304.0 million from $251.7 million in Q2 2025, while gross profit rose to $56.2 million from $13.5 million. The company also returned to positive operating income of $26.7 million after reporting a $3.0 million operating loss a year earlier.

The latest quarter also extended a longer-term recovery in the balance sheet. Cash and equivalents reached $652.2 million at June 30, 2026, more than double the $319.7 million reported one year earlier and well above the $182.7 million reported in Q2 2023. Total liabilities declined to $986.4 million from $1.10 billion in Q2 2024, while total equity increased to $1.58 billion.

Revenue recovered sharply: Q2 2026 revenue grew 20.0% year over year to $304.0 million, reversing much of the decline from $364.8 million in Q2 2024 to $251.7 million in Q2 2025.
Gross margins improved substantially: Gross profit rose to $56.2 million, producing an approximate 18.5% gross margin versus roughly 5.3% in Q2 2025. This was also the strongest Q2 gross margin in the supplied period except for Q2 2024.
Operating performance returned to positive territory: Operating income improved from a $13.3 million loss in Q1 2026 and a $3.0 million loss in Q2 2025 to $26.7 million in Q2 2026.
Operating cash flow remained healthy: Cash flow from operating activities was $54.0 million in Q2 2026, compared with negative $17.1 million in Q2 2025 and negative $12.2 million in Q2 2024. Operating cash flow has been positive in each quarter supplied since Q3 2024.
Liquidity strengthened considerably: Cash increased by $151.0 million during Q2 2026 to $652.2 million. With total debt of approximately $304.3 million, Helix held a substantial net-cash position at quarter-end.
Short-term liquidity is strong: Current assets of $939.5 million compared with current liabilities of $271.1 million, implying a current ratio of approximately 3.5. Accounts payable and other current obligations also declined from Q2 2025 levels.
Debt has generally trended lower: Total short- and long-term debt declined from approximately $311.6 million in Q2 2025 to $304.3 million in Q2 2026. Debt is also well below the approximately $483.4 million reported in Q3 2023.
Share dilution has moderated: Weighted average basic shares fell to 147.2 million in Q2 2026 from 148.5 million in Q2 2025 and 152.2 million in Q2 2024, supported by prior share repurchases.
Cash generation exceeded capital spending: Q2 2026 operating cash flow of $54.0 million more than covered $7.2 million of continuing-operations capital expenditures. This supports financial flexibility, although reported total investing cash flow included a large $97.0 million inflow that may not represent recurring operating performance.
Profitability remains uneven: Q2 2026 was a significant rebound, but Helix reported a $13.4 million continuing-operations loss in Q1 2026. Investors should look for several consecutive quarters of positive earnings before treating the improvement as fully established.
Revenue remains below the 2024 peak: Q2 2026 revenue of $304.0 million was still 16.7% below Q2 2024 revenue of $364.8 million, indicating that the recovery is incomplete.
Working capital became a cash drag: Changes in operating assets and liabilities consumed $20.3 million of cash in Q2 2026, compared with a $38.8 million source of cash in Q1 2026. This contributed to lower operating cash flow sequentially.
Q2 earnings benefited from discontinued operations: Consolidated net income was $22.7 million, but $7.5 million came from discontinued operations. Continuing-operations income was $15.3 million, so headline net income overstates the performance of the ongoing business.
Restructuring costs reduced reported earnings: Helix recorded an $8.3 million restructuring charge in Q2 2026. Although the charge may be nonrecurring, continued restructuring activity signals that operating efficiency remains a focus.
Depreciation remains heavy: Q2 2026 depreciation and amortization totaled approximately $34.6 million, reflecting the capital-intensive nature of Helix’s fleet and equipment. Net property, plant and equipment declined to $1.23 billion from $1.32 billion at Q1 2026 as depreciation exceeded capital additions.

Overall, the statements point to improving financial health but an unfinished operating recovery. The most encouraging developments are the return to operating profitability, stronger operating cash flow, lower debt and a much larger cash balance. However, investors should distinguish the cash boost from potentially nonrecurring investing proceeds and monitor whether revenue, margins and continuing-operations earnings remain positive in future quarters.

09/07/26 12:35 PM ETAI Generated. May Contain Errors.

Hornbeck Offshore Services Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hornbeck Offshore Services' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Hornbeck Offshore Services' net income appears to be on a downward trend, with a most recent value of $30.83 million in 2025, falling from $66.82 million in 2015. The previous period was $55.64 million in 2024.

Hornbeck Offshore Services' total operating income in 2025 was $65.14 million, based on the following breakdown:

Total Gross Profit: $159.14 million
Total Operating Expenses: $94.00 million

Over the last 10 years, Hornbeck Offshore Services' total revenue changed from $476.07 million in 2015 to $1.29 billion in 2025, a change of 171.3%.

Hornbeck Offshore Services' total liabilities were at $1.04 billion at the end of 2025, a 3.8% decrease from 2024, and a 32.7% decrease since 2015.

In the past 10 years, Hornbeck Offshore Services' cash and equivalents has ranged from $121.49 million in 2019 to $418.29 million in 2025, and is currently $418.29 million as of their latest financial filing in 2025.

Over the last 10 years, Hornbeck Offshore Services' book value per share changed from 40.34 in 2015 to 10.74 in 2025, a change of -73.4%.

Financial statements for NYSE:HOS last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hornbeck Offshore Services (HOS) Financials

Financials Breakdown Chart

Key Financial Trends

Hornbeck Offshore Services Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Hornbeck Offshore Services (HOS) Financials

Annual Income Statements for Hornbeck Offshore Services

Quarterly Income Statements for Hornbeck Offshore Services

Annual Cash Flow Statements for Hornbeck Offshore Services

Quarterly Cash Flow Statements for Hornbeck Offshore Services

Annual Balance Sheets for Hornbeck Offshore Services

Quarterly Balance Sheets for Hornbeck Offshore Services

Annual Metrics And Ratios for Hornbeck Offshore Services

Quarterly Metrics And Ratios for Hornbeck Offshore Services

Financials Breakdown Chart

Key Financial Trends

Hornbeck Offshore Services Financials - Frequently Asked Questions

When does Hornbeck Offshore Services' financial year end?

How has Hornbeck Offshore Services' net income changed over the last 10 years?

What is Hornbeck Offshore Services' operating income?

How has Hornbeck Offshore Services' revenue changed over the last 10 years?

How much debt does Hornbeck Offshore Services have?

How much cash does Hornbeck Offshore Services have?

How has Hornbeck Offshore Services' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools