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Helix Energy Solutions Group HLX Q4 2024 Annual earnings

Reported February 24, 2025 · After market close

Revenue$355.1MBeat by $43.5M
EPS$0.13Beat by $0.04
Revenue estimate$311.7M
EPS estimate$0.09

Next report

Jul 30, 2026 (Today)
Revenue estimate$315.3M
EPS estimate$0.07

Financials

Q4 2024

Income statement

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Revenue$355.1M+6.0%
Gross profit$58.9M+19.4%
Operating income$30.9M+101%
Net income$20.1M+171%
EPS (diluted)$0.13+172%

Balance sheet

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Cash & equivalents$368.0M+10.8%
Total debt$661.1M+22.3%
Total equity$1.5B+1.3%
Total assets$2.6B+1.6%

Cash flow

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Operating cash flow$78.0M-17.7%
CapEx$12.5M+266%
Free cash flow$65.5M-28.3%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$1.42B-8.4%
Enterprise value$1.71B-2.6%
P/E25.5×
P/S-0.2×

Profitability

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Gross margin16.2%+0.6pp
Operating margin9.4%+4.5pp
Net margin4.1%+3.5pp
FCF margin13.2%+2.9pp

Returns & leverage

See full
Return on equity3.7%+3.2pp
Debt / equity0.4×+0.1×
Current ratio2.3×+0.8×

Segments

By segment

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Well Intervention$226.2M+21.8%
Robotics$81.6M+29.6%
Shallow Water Abandonment$37.7M-39.2%
Production Facilities$18.5M-4.8%

By product

See full
Production Maximization$196.3M+40.8%
Decommissioning$119.0M-30.5%
Renewables$34.8M+50.6%
Service Other$4.9M+272%

By geography

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US$135.7M-15.8%
BR$46.4M+4.8%
GB$45.5M-23.0%

Versus estimates

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Questions, answered.

When did Helix Energy Solutions Group report Q4 2024 earnings?
Helix Energy Solutions Group (HLX) reported Q4 2024 earnings on February 24, 2025 after market close.
What were Helix Energy Solutions Group's Q4 2024 revenue and EPS?
Helix Energy Solutions Group reported revenue of $355.1M and eps of $0.13 for Q4 2024.
Did Helix Energy Solutions Group beat estimates in Q4 2024?
Revenue beat the consensus estimate of $311.7M by $43.5M. EPS beat the consensus estimate of $0.09 by $0.04.
Where can I find Helix Energy Solutions Group's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001558370-25-001617) directly on SEC EDGAR. The filing index links above go to sec.gov.