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Helix Energy Solutions Group HLX Decommissioning — Revenue

Other product segments

Production Maximization
$79.54M-42.6%
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$36.76M+118%
Service Other
$8.69M+38.9%

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Other financials

Income statement

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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

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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

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Operating cash flow$61.8M+276%
CapEx$2.8M-37.4%
Free cash flow$59.0M+393%

Valuation

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Market cap$1.26B+15.8%
Enterprise value$1.39B+0.8%
P/E88×+75.2×
P/S+0.2×

Profitability

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Gross margin10.8%-6.2pp
Operating margin3.4%-6.9pp
Net margin1.1%-5.2pp
FCF margin12.9%+3.2pp

Returns & leverage

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Return on equity0.9%-4.7pp
Debt / equity0.4×0.0×
Current ratio2.9×+0.6×

Where this comes from

Reported directly by Helix Energy Solutions Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Helix Energy Solutions Group’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Helix Energy Solutions Group's decommissioning — revenue?
Helix Energy Solutions Group (HLX) reported decommissioning — revenue of $162.96M in Q1 2026.
How has Helix Energy Solutions Group's decommissioning — revenue changed year-over-year?
Helix Energy Solutions Group's decommissioning — revenue increased by 40.1% year-over-year, from $116.33M to $162.96M.
What is the long-term trend for Helix Energy Solutions Group's decommissioning — revenue?
Over 3 years (2022 to 2025), Helix Energy Solutions Group's decommissioning — revenue has grown at a 30.8% compound annual growth rate (CAGR), from $319.81M to $715.09M.
What does decommissioning — revenue mean?
This metric represents the total gross revenue generated from services provided within the decommissioning business segment, excluding any pass-through taxes. It captures the financial performance of activities related to the plugging, abandonment, and removal of offshore energy infrastructure at the end of its operational life. This figure serves as a key indicator of demand for environmental remediation and asset retirement services within the offshore energy sector.