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Stocks · Energy · Oil & Gas Field Services, NEC

HELIX ENERGY SOLUTIONS GROUP INC

HLX Clue Score57
United States Fiscal year ends December CIK 0000866829
$10.60 +2.91% Close, 1 Sep 2026
Alert on the numbers Alert on insider trades
Price $10.60 +181.17% Close, 1 Sep 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue487.6Operating income−63.2Net income−81.4EPS, diluted−0.73Fiscal year 2017Revenue581.4 +19.2%Operating income−1.1Net income30.1EPS, diluted0.20Fiscal year 2018Revenue739.8 +27.3%Operating income51.5Net income28.6 −4.8%EPS, diluted0.19 −5.0%Fiscal year 2019Revenue751.9 +1.6%Operating income68.0Net income57.9 +102.5%EPS, diluted0.38 +100.0%Fiscal year 2020Revenue733.6 −2.4%Operating income13.0Net income22.2 −61.7%EPS, diluted0.13 −65.8%Fiscal year 2021Revenue674.7 −8.0%Operating income−48.7Net income−61.5 −377.5%EPS, diluted−0.41 −415.4%Fiscal year 2022Revenue873.1 +29.4%Operating income−44.9Net income−87.8EPS, diluted−0.58Fiscal year 2023Revenue1,289.7 +47.7%Operating income63.5Net income−10.8EPS, diluted−0.07Fiscal year 2024Revenue1,358.6 +5.3%Operating income127.4Net income55.6EPS, diluted0.36Fiscal year 2025Revenue1,291.5 −4.9%Operating income65.1Net income30.8 −44.6%EPS, diluted0.21 −41.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 487.6 581.4 739.8 751.9 733.6 674.7 873.1 1,289.7 1,358.6 1,291.5
Growth +19.2% +27.3% +1.6% −2.4% −8.0% +29.4% +47.7% +5.3% −4.9%
Operating income −63.2 −1.1 51.5 68.0 13.0 −48.7 −44.9 63.5 127.4 65.1
Net income −81.4 30.1 28.6 57.9 22.2 −61.5 −87.8 −10.8 55.6 30.8
Growth −4.8% +102.5% −61.7% −377.5% −44.6%
EPS, diluted −0.73 0.20 0.19 0.38 0.13 −0.41 −0.58 −0.07 0.36 0.21
Growth −5.0% +100.0% −65.8% −415.4% −41.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin9.5%Operating margin−13.0%Net margin−16.7%Free cash flow margin−30.3%Fiscal year 2017Gross margin10.7%Operating margin−0.2%Net margin5.2%Free cash flow margin−30.9%Fiscal year 2018Gross margin16.4%Operating margin7.0%Net margin3.9%Free cash flow margin8.1%Fiscal year 2019Gross margin18.3%Operating margin9.0%Net margin7.7%Free cash flow margin3.8%Fiscal year 2020Gross margin10.9%Operating margin1.8%Net margin3.0%Free cash flow margin10.7%Fiscal year 2021Gross margin2.3%Operating margin−7.2%Net margin−9.1%Free cash flow margin19.5%Fiscal year 2022Gross margin5.8%Operating margin−5.1%Net margin−10.1%Free cash flow margin2.0%Fiscal year 2023Gross margin15.5%Operating margin4.9%Net margin−0.8%Free cash flow margin10.3%Fiscal year 2024Gross margin16.2%Operating margin9.4%Net margin4.1%Free cash flow margin12.0%Fiscal year 2025Gross margin12.3%Operating margin5.0%Net margin2.4%Free cash flow margin9.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 9.5% 10.7% 16.4% 18.3% 10.9% 2.3% 5.8% 15.5% 16.2% 12.3%
Operating margin −13.0% −0.2% 7.0% 9.0% 1.8% −7.2% −5.1% 4.9% 9.4% 5.0%
Net margin −16.7% 5.2% 3.9% 7.7% 3.0% −9.1% −10.1% −0.8% 4.1% 2.4%
Free cash flow margin −30.3% −30.9% 8.1% 3.8% 10.7% 19.5% 2.0% 10.3% 12.0% 9.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow38.7Capital expenditure−186.5Free cash flow−147.8Buybacks−0.3Fiscal year 2017Operating cash flow51.6Capital expenditure−231.1Free cash flow−179.5Fiscal year 2018Operating cash flow196.7Capital expenditure−137.1Free cash flow59.7Fiscal year 2019Operating cash flow169.7Capital expenditure−140.9Free cash flow28.8 −51.7%Fiscal year 2020Operating cash flow98.8Capital expenditure−20.2Free cash flow78.6 +172.6%Fiscal year 2021Operating cash flow140.1Capital expenditure−8.3Free cash flow131.8 +67.8%Fiscal year 2022Operating cash flow51.1Capital expenditure−33.5Free cash flow17.6 −86.6%Fiscal year 2023Operating cash flow152.5Capital expenditure−19.6Free cash flow132.9 +654.8%Buybacks−12.0Fiscal year 2024Operating cash flow186.0Capital expenditure−23.3Free cash flow162.7 +22.5%Buybacks−29.6Fiscal year 2025Operating cash flow136.7Capital expenditure−16.3Free cash flow120.4 −26.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 38.7 51.6 196.7 169.7 98.8 140.1 51.1 152.5 186.0 136.7
Capital expenditure −186.5 −231.1 −137.1 −140.9 −20.2 −8.3 −33.5 −19.6 −23.3 −16.3
Free cash flow −147.8 −179.5 59.7 28.8 78.6 131.8 17.6 132.9 162.7 120.4
Growth −51.7% +172.6% +67.8% −86.6% +654.8% +22.5% −26.0%
Buybacks −0.3 n/a n/a n/a n/a n/a n/a −12.0 −29.6 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash356.6Total debt626.0Net cash (debt)−269.3Shareholders’ equity1,281.8Debt to equity0.49Fiscal year 2017Cash266.6Total debt495.6Net cash (debt)−229.0Shareholders’ equity1,567.4Debt to equity0.32Fiscal year 2018Cash279.5Total debt440.3Net cash (debt)−160.9Shareholders’ equity1,617.8Debt to equity0.27Fiscal year 2019Cash208.4Total debt405.9Net cash (debt)−197.4Shareholders’ equity1,699.6Debt to equity0.24Fiscal year 2020Cash291.3Total debt349.6Net cash (debt)−58.2Shareholders’ equity1,740.5Debt to equity0.20Fiscal year 2021Cash253.5Total debt305.0Net cash (debt)−51.5Shareholders’ equity1,647.5Debt to equity0.19Fiscal year 2022Cash186.6Total debt264.1Net cash (debt)−77.5Shareholders’ equity1,516.7Debt to equity0.17Fiscal year 2023Cash332.2Total debt361.7Net cash (debt)−29.5Shareholders’ equity1,501.0Debt to equity0.24Fiscal year 2024Cash368.0Total debt315.2Net cash (debt)52.9Shareholders’ equity1,519.8Debt to equity0.21Fiscal year 2025Cash445.2Total debt308.0Net cash (debt)137.2Shareholders’ equity1,579.9Debt to equity0.19
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 356.6 266.6 279.5 208.4 291.3 253.5 186.6 332.2 368.0 445.2
Total debt 626.0 495.6 440.3 405.9 349.6 305.0 264.1 361.7 315.2 308.0
Net cash (debt) −269.3 −229.0 −160.9 −197.4 −58.2 −51.5 −77.5 −29.5 52.9 137.2
Shareholders’ equity 1,281.8 1,567.4 1,617.8 1,699.6 1,740.5 1,647.5 1,516.7 1,501.0 1,519.8 1,579.9
Debt to equity 0.49 0.32 0.27 0.24 0.20 0.19 0.17 0.24 0.21 0.19

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
487.6 581.4 739.8 751.9 733.6 674.7 873.1 1,289.7 1,358.6 1,291.5
Growth +19.2% +27.3% +1.6% −2.4% −8.0% +29.4% +47.7% +5.3% −4.9%
441.1 519.2 618.1 614.1 653.6 659.3 822.5 1,089.4 1,139.0 1,132.3
46.5 62.2 121.7 137.8 79.9 15.4 50.6 200.4 219.6 159.1
Growth +33.6% +95.7% +13.3% −42.0% −80.7% +228.8% +295.8% +9.6% −27.5%
65.9 63.3 70.3 69.8 61.1 63.4 76.8 94.4 91.7 75.9
−63.2 −1.1 51.5 68.0 13.0 −48.7 −44.9 63.5 127.4 65.1
Growth +31.9% −80.8% −473.8% +100.7% −48.9%
−93.9 −20.4 31.0 65.6 1.4 −70.6 −75.2 7.5 82.1 42.5
−12.5 −50.4 2.4 7.9 −18.7 −9.0 12.6 18.4 26.4 11.7
−81.4 30.1 28.6 57.9 22.2 −61.5 −87.8 −10.8 55.6 30.8
Growth −4.8% +102.5% −61.7% −377.5% −44.6%
Per share
−0.73 0.20 0.19 0.39 0.13 −0.41 −0.58 −0.07 0.37 0.21
−0.73 0.20 0.19 0.38 0.13 −0.41 −0.58 −0.07 0.36 0.21
Growth −5.0% +100.0% −65.8% −415.4% −41.7%
111.6 145.3 146.7 147.5 149.0 150.1 151.3 150.9 152.0 148.3
111.6 145.3 146.8 149.6 149.9 150.1 151.3 150.9 154.7 148.5
Growth +30.2% +1.1% +1.9% +0.2% +0.1% +0.8% −0.2% +2.5% −4.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.0% a year over five years, and earnings per share grew 10.1% a year.
  • The share count barely moved in five years.
  • Operating margin is up 3.3 points on five years ago, at 5.0%.
  • A net loss in 4 of 10 years on file.