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HLX Financials Helix Energy Solutions Group Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 12.0% per year over the past 5 years.
  • Net income has grown slower than revenue (6.8% vs 12.0% per year).
  • Operating margin has expanded, at 5.0% in the latest year.
  • Free cash flow has grown 8.9% per year over the past 5 years.

Financial health

  • The company holds more cash ($445M) than total debt ($308M).
  • Total debt has grown slower than revenue (-2.5% vs 12.0% per year).
  • Operating income covered interest expense 2.0× in the latest year.
  • Total debt is 1.2× EBITDA.
Revenue & net income
-$377M $491M $1B $0 2009 2011 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-17% 1% 18% 0% 2009 2011 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$210M $129M $467M $0 2009 2011 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $674M $1B 2009 2011 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$416M $76M $567M $0 2009 2011 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.3B $31M 12.3% 5.0% $120M $308M $445M
2024 $1.4B $56M 16.2% 9.4% $163M $315M $368M
2023 $1.3B -$11M 15.5% 4.9% $133M $362M $332M
2022 $873M -$88M 5.8% -5.1% $18M $264M $187M
2021 $675M -$62M 2.3% -7.2% $132M $305M $254M
2020 $734M $22M 10.9% 1.8% $79M $350M $291M
2019 $752M $58M 18.3% 9.0% $29M $406M $208M
2018 $740M $29M 16.4% 7.0% $60M $440M $279M
2017 $581M $30M 10.7% -0.2% -$179M $496M $267M
2016 $488M -$81M 9.5% -13.0% -$148M $626M $357M
2015 — -$377M — — -$210M $749M $494M
2012 — -$46M — — $129M $1.0B $437M
2011 — $130M — — $467M $1.2B $546M
2010 — -$127M — — $209M $1.3B $391M
2009 — $156M — — -$6M $1.3B $271M

Valuation over time

How the market has priced HLX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 24.7 49.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.9 1.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is HLX growing its revenue and profit?

Over the past 5 years, Helix Energy Solutions Group Inc's revenue has grown 12.0% per year, and net income grown 6.8% per year. These are computed facts, not advice.

How much debt does HLX have?

As of FY2025, Helix Energy Solutions Group Inc reported $308M of total debt against $445M of cash; operating income covered interest expense 2.0×.

What is HLX's profit margin?

In FY2025, gross margin was 12.3%, operating margin 5.0%, and net margin 2.4%.

What is HLX's P/E ratio?

As of Jun '26, Helix Energy Solutions Group Inc traded at a price-to-earnings ratio of about 41.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.