What is Helix Energy Solutions Group's market cap?

Helix Energy Solutions Group (HLX) has a market capitalization of $1.3B and trades on NYSE.

What is Helix Energy Solutions Group's revenue and profitability?

Helix Energy Solutions Group generated $1.3B in trailing twelve-month revenue with net income of $14.3M, representing a net margin of 1.1%. Gross margin stands at 10.8%, with free cash flow of $167.4M. These figures are based on the Q1 2026 filing.

Who are Helix Energy Solutions Group's competitors?

Helix Energy Solutions Group's key competitors include Oceaneering, TechnipFMC, Baker Hughes, and others. These companies compete in similar markets and product categories.

Who does Helix Energy Solutions Group partner with?

Helix Energy Solutions Group's notable partners include SLB, Sea1 Offshore, Petrobras, and others.

What subsidiaries does Helix Energy Solutions Group have?

Helix Energy Solutions Group's subsidiaries include Helix Alliance.

Where is Helix Energy Solutions Group headquartered?

Helix Energy Solutions Group is headquartered in United States of America and employs approximately 2,531 people. It has been publicly traded since 1997.

Helix Energy Solutions Group

HLX

Helix Energy Solutions Group is an international offshore energy services company specializing in well intervention, robotics, and decommissioning operations.

Market cap

$1.35B+46.5%

Revenue$1.3B-2.9%

Net income$14.3M-83.1%

Free cash flow$167.4M+28.8%

EPS (diluted)$0.10-81.8%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026

Revenue$287.9MBeat by $23.6M EPS-$0.09In line

Read the full report

Next report

Jul 30, 2026 (Today)

Revenue estimate$315.3M

EPS estimate$0.07

Financials

Q1 2026

Income statement

See full

Revenue$287.9M+3.6%

Gross profit$8.8M-67.9%

Operating income-$13.3M-263%

Net income-$13.4M-536%

EPS (diluted)-$0.09-550%

Balance sheet

See full

Cash & equivalents$501.3M+35.5%

Total debt$625.8M-4.6%

Total equity$1.6B+0.8%

Total assets$2.6B-2.5%

Cash flow

See full

Operating cash flow$61.8M+276%

CapEx$2.8M-37.4%

Free cash flow$59.0M+393%

Valuation & ratios

Valuation

See full

Market cap$1.35B+46.5%

Enterprise value$1.47B+16.3%

P/E93.8×+75.0×

P/S1×+0.3×

Profitability

See full

Gross margin10.8%-6.2pp

Operating margin3.4%-6.9pp

Net margin1.1%-5.2pp

FCF margin12.9%+3.2pp

Returns & leverage

See full

Return on equity0.9%-4.7pp

Debt / equity0.4×0.0×

Current ratio2.9×+0.6×

Segments

By segment

See full

Well Intervention$209.4M+5.6%

Robotics$62.4M+22.2%

Shallow Water Abandonment$21.2M+26.3%

Production Facilities$18.7M-5.6%

By product

See full

Decommissioning$163.0M+40.1%

Production Maximization$79.5M-42.6%

Renewables$36.8M+118%

Service Other$8.7M+38.9%

Competitors

By market cap

Baker Hughes$58.0B+28.7%

TechnipFMC$28.9B+87.2%

Transocean$5.5B+106%

Oceaneering International$4.8B+109%

Helix Energy Solutions Group$1.3B+43.0%

RPC$1.1B+5.4%

Oil States International$482.8M+34.3%

KLX Energy Services Holdings, Inc.$41.6M+24.1%

By revenue growth

RPC+27.6%

Transocean+12.9%

TechnipFMC+9.9%

Oceaneering International+3.8%

Baker Hughes+0.4%

Helix Energy Solutions Group-2.9%

Oil States International-4.5%

KLX Energy Services Holdings, Inc.-8.9%

By net margin

Oceaneering International12.19%+4.9pp

Baker Hughes11.17%+0.1pp

TechnipFMC10.62%+1.7pp

RPC1.37%-4.2pp

Helix Energy Solutions Group1.1%-5.2pp

KLX Energy Services Holdings, Inc.-11.67%-3.1pp

Oil States International-17.03%-13.6pp

Transocean-67.39%-48.4pp

Profile

Helix Energy Solutions Group is an international offshore energy services company specializing in well intervention, robotics, and decommissioning operations. The company supports the global energy transition by maximizing production from existing oil and gas reserves, decommissioning end-of-life fields, and providing subsea services for renewable energy developments. Its value proposition centers on utilizing a fleet of purpose-built vessels and advanced subsea equipment to offer lower-cost alternatives to traditional drilling rigs.

Competitive position

Helix is a leading provider of specialty subsea services, distinguishing itself through a fleet of purpose-built intervention vessels that offer a more cost-effective alternative to traditional drilling rigs.

GeographiesGulf of Mexico, Brazil, North Sea, West Africa, Asia Pacific

Customer segmentsMajor Oil & Gas Producers, National Oil Companies, Offshore Wind Developers, Pipeline Transmission Companies

Business modelAsset-heavy service provider, Contract-based services, Charter-based operations

SuppliersShipyards and vessel manufacturers, Specialized subsea equipment manufacturers, Vessel chartering companies, Fuel and marine supply providers

CustomersGlobal integrated oil majors, Independent E&P companies, Offshore wind farm developers, Government-owned energy entities

CountryUnited States of America

Listed1997

Employees2.5K

CEOOwen Eugene Kratz

SectorEnergy

IndustryOil & Gas Equipment & Services

Websitehelixesg.com

FilingsSEC EDGAR

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Questions, answered.

What is Helix Energy Solutions Group's market cap?: Helix Energy Solutions Group (HLX) has a market capitalization of $1.3B and trades on NYSE.
What is Helix Energy Solutions Group's revenue and profitability?: Helix Energy Solutions Group generated $1.3B in trailing twelve-month revenue with net income of $14.3M, representing a net margin of 1.1%. Gross margin stands at 10.8%, with free cash flow of $167.4M. These figures are based on the Q1 2026 filing.
Who are Helix Energy Solutions Group's competitors?: Helix Energy Solutions Group's key competitors include Oceaneering, TechnipFMC, Baker Hughes, and others. These companies compete in similar markets and product categories.
Who does Helix Energy Solutions Group partner with?: Helix Energy Solutions Group's notable partners include SLB, Sea1 Offshore, Petrobras, and others.
What subsidiaries does Helix Energy Solutions Group have?: Helix Energy Solutions Group's subsidiaries include Helix Alliance.
Where is Helix Energy Solutions Group headquartered?: Helix Energy Solutions Group is headquartered in United States of America and employs approximately 2,531 people. It has been publicly traded since 1997.