HOS Financials HORNBECK OFFSHORE SERVICES, 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 Oct 23, 2026, 08:31 UTC 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 ($418M) 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

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.3B	$31M	12.3%	5.0%	2.0%	1.2%	$120M	$308M	$418M
2024	$1.4B	$56M	16.2%	9.4%	3.7%	2.1%	$163M	$315M	$368M
2023	$1.3B	-$11M	15.5%	4.9%	-0.7%	-0.4%	$133M	$362M	$332M
2022	$873M	-$88M	5.8%	-5.1%	-5.8%	-3.7%	$18M	$264M	$187M
2021	$675M	-$62M	2.3%	-7.2%	-3.7%	-2.6%	$132M	$305M	$254M
2020	$734M	$22M	10.9%	1.8%	1.3%	0.9%	$79M	$350M	$291M
2019	$752M	$58M	18.3%	9.0%	3.4%	2.2%	$29M	$406M	$208M
2018	$740M	$29M	16.4%	7.0%	1.8%	1.2%	$60M	$440M	$279M
2017	$581M	$30M	10.7%	-0.2%	1.9%	1.3%	-$179M	$496M	$267M
2016	$488M	-$81M	9.5%	-13.0%	-6.4%	-3.6%	-$148M	$626M	$357M
2015	—	-$377M	—	—	-29.5%	-15.7%	-$210M	$749M	$494M
2012	—	-$46M	—	—	-3.3%	-1.4%	$129M	$1.0B	$437M
2011	—	$130M	—	—	9.1%	3.6%	$467M	$1.2B	$546M
2010	—	-$127M	—	—	-10.1%	-3.5%	$209M	$1.3B	$391M
2009	—	$156M	—	—	11.1%	4.1%	-$6M	$1.3B	$271M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$304M	$23M	18.5%	8.8%	1.4%	0.9%	$47M	$304M	$652M
Mar '26	$288M	-$13M	3.1%	-4.6%	-0.9%	-0.5%	$59M	$304M	$501M
Dec '25	$334M	$8M	15.2%	3.7%	0.5%	0.3%	$107M	$308M	$418M
Sep '25	$377M	$22M	17.5%	12.7%	1.4%	0.8%	$23M	$307M	$338M
Jun '25	$252M	-$3M	5.3%	-1.2%	-0.2%	-0.1%	-$21M	$312M	$320M
Mar '25	$278M	$3M	9.9%	2.9%	0.2%	0.1%	$12M	$311M	$370M
Dec '24	$355M	$20M	16.6%	8.7%	1.3%	0.8%	$65M	$315M	$368M
Sep '24	$342M	$30M	19.2%	13.0%	1.9%	1.1%	$53M	$315M	$324M
Jun '24	$365M	$32M	20.7%	14.6%	2.2%	1.2%	-$16M	$319M	$275M
Mar '24	$296M	-$26M	6.6%	-0.4%	-1.8%	-1.0%	$61M	$318M	$324M
Dec '23	$335M	-$28M	14.7%	4.6%	-1.9%	-1.1%	$91M	$362M	$332M
Sep '23	$396M	$16M	20.4%	9.2%	1.0%	0.6%	$23M	$227M	$168M
Jun '23	$309M	$7M	17.9%	6.5%	0.5%	0.3%	$30M	$261M	$183M
Mar '23	$250M	-$5M	6.1%	-3.3%	-0.3%	-0.2%	-$12M	$260M	$167M
Dec '22	$288M	$3M	10.9%	-1.8%	0.2%	0.1%	$21M	$264M	$187M
Sep '22	$273M	-$19M	14.4%	4.5%	-1.3%	-0.8%	$22M	$264M	$162M
Jun '22	$163M	-$30M	-0.8%	-11.7%	-1.9%	-1.3%	-$7M	$267M	$261M
Mar '22	$150M	-$42M	-12.4%	-22.0%	-2.6%	-1.8%	-$18M	$302M	$230M
Dec '21	$169M	-$26M	-3.2%	-15.9%	-1.6%	-1.1%	$18M	$305M	$254M
Sep '21	$181M	-$19M	1.7%	-5.7%	-1.1%	-0.8%	$28M	$304M	$238M

Valuation over time

How the market has priced HOS 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.

The price-to-earnings ratio has risen from 24.7× (Dec '24) to 30.8× (Nov '26).
The price-to-sales ratio has fallen from 1.3× (Mar '23) to 0.7× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is HOS growing its revenue and profit?

Over the past 5 years, HORNBECK OFFSHORE SERVICES, 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 HOS have?

As of FY2025, HORNBECK OFFSHORE SERVICES, INC. reported $308M of total debt against $418M of cash; operating income covered interest expense 2.0×.

What is HOS's profit margin?

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

What is HOS's P/E ratio?

HORNBECK OFFSHORE SERVICES, INC.'s P/E (TTM) is 23.93 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HOS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 30.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.