Helix Energy Solutions Group Inc (HLX) Financial Statements
Industry: Oil & Gas Field Services (Other)
In fiscal 2025, Helix Energy Solutions reported revenue of $1.29B, down 4.9% from $1.36B the year before. Net income was $30.8M (a 2.4% net margin), or $0.21 per diluted share. Gross margin was 12.3% and operating margin was 5.0%. Operating activities generated $136.7M of cash, leaving $120.4M of free cash flow. At fiscal year end, Helix Energy Solutions held $2.62B in total assets against $1.04B in total liabilities, including $445.2M of cash and equivalents.
Open the full interactive Helix Energy Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
Helix Energy Solutions Key Stats
| Share Price | $7.26 |
|---|---|
| Market Cap | $1.08B |
| P/E Ratio | 34.6 |
| Revenue YoY Growth | -4.9% |
| 52-Week Range | $6.14 – $10.60 |
| Shares Outstanding | 147.2 million (basic, 2026 Q2) |
Helix Energy Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $733.6M | $674.7M | $873.1M | $1.29B | $1.36B | $1.29B |
| Gross Profit | $79.9M | $15.4M | $50.6M | $200.4M | $219.6M | $159.1M |
| Operating Income | $13.0M | -$48.7M | -$44.9M | $63.5M | $127.4M | $65.1M |
| Pre-Tax Income | $1.4M | -$70.6M | -$75.2M | $7.5M | $82.1M | $42.5M |
| Income Tax | -$18.7M | -$9.0M | $12.6M | $18.4M | $26.4M | $11.7M |
| Net Income | $22.2M | -$61.5M | -$87.8M | -$10.8M | $55.6M | $30.8M |
| Diluted EPS | $0.13 | -$0.41 | -$0.58 | -$0.07 | $0.36 | $0.21 |
Helix Energy Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $377.0M | $334.2M | $287.9M | $304.0M |
| Net Income | $22.1M | $8.3M | -$13.4M | $22.7M |
| Diluted EPS | $0.15 | $0.06 | -$0.09 | $0.15 |
Helix Energy Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $291.3M | $253.5M | $186.6M | $332.2M | $368.0M | $445.2M |
| Current Assets | $525.6M | $529.5M | $460.6M | $697.8M | $709.7M | $825.0M |
| Total Assets | $2.50B | $2.33B | $2.39B | $2.56B | $2.60B | $2.62B |
| Current Liabilities | $279.3M | $278.3M | $298.0M | $448.6M | $304.4M | $299.7M |
| Total Long-Term Debt | $349.6M | $305.0M | $264.1M | $361.7M | $315.2M | $308.0M |
| Total Liabilities | $753.9M | $678.6M | $872.6M | $1.06B | $1.08B | $1.04B |
| Shareholders' Equity | $1.74B | $1.65B | $1.52B | $1.50B | $1.52B | $1.58B |
Helix Energy Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $98.8M | $140.1M | $51.1M | $152.5M | $186.0M | $136.7M |
| Cash From Investing | -$19.3M | -$8.3M | -$138.3M | -$18.7M | -$22.8M | -$16.3M |
| Cash From Financing | -$52.6M | -$96.0M | -$44.8M | $25.1M | -$125.3M | -$45.1M |
| Free Cash Flow | $78.6M | $131.8M | $17.6M | $132.9M | $162.7M | $120.4M |
Figures from Helix Energy Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Helix Energy Solutions financials page for every line item.
Helix Energy Solutions Company Profile
| Ticker | HLX |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Services (Other) |
| Headquarters | Covington, Louisiana |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000866829 |
Frequently Asked Questions
What was Helix Energy Solutions' revenue in fiscal 2025?
Helix Energy Solutions (HLX) reported revenue of $1.29B for fiscal 2025.
What is Helix Energy Solutions' annual revenue history?
Helix Energy Solutions' annual revenue by fiscal year: 2020: $733.6M; 2021: $674.7M; 2022: $873.1M; 2023: $1.29B; 2024: $1.36B; 2025: $1.29B.
What was Helix Energy Solutions' net income in fiscal 2025?
Helix Energy Solutions reported net income of $30.8M for fiscal 2025.
What was Helix Energy Solutions' earnings per share (EPS) in fiscal 2025?
Helix Energy Solutions' diluted EPS was $0.21 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Helix Energy Solutions generate in fiscal 2025?
Helix Energy Solutions generated $120.4M of free cash flow in fiscal 2025.
What was Helix Energy Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), Helix Energy Solutions reported revenue of $304.0M.
How much debt does Helix Energy Solutions have?
Helix Energy Solutions reported $308.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Helix Energy Solutions are outstanding?
Helix Energy Solutions reported a weighted average of 147.2 million basic shares outstanding in 2026 Q2.
What is Helix Energy Solutions' market cap?
Based on its latest closing price, Helix Energy Solutions (HLX) has a market capitalization of about $1.08B.
When does Helix Energy Solutions' fiscal year end?
Helix Energy Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is Helix Energy Solutions headquartered?
Helix Energy Solutions lists its business address in Covington, Louisiana in its SEC filings.