Symbols / HLX $9.63 +2.67% Helix Energy Solutions Group, Inc.

Energy • Oil & Gas Equipment & Services • United States • NYQ
HLX Chart
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About

Helix Energy Solutions Group, Inc., together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally. The company operates through four segments: Well Intervention, Robotics, Shallow Water Abandonment, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection; and cable and umbilical lay. The company also provides well intervention, intervention engineering, and production enhancement services; coiled tubing operations; and inspection, repair, and maintenance IRM of production structures, trees, jumpers, risers, pipelines, and subsea equipment, as well as related support services. In addition, it offers reclamation and remediation services; well plug and abandonment P&A services; pipeline, cable and umbilical abandonment services; and site inspections. Further, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. Additionally, it provides offshore oilfield decommissioning and reclamation, site clearance, project management, engineered solutions, intervention, heavy lift, and commercial diving services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. The company was incorporated in 1979 and is headquartered in Houston, Texas.

Fundamentals
Scroll to Statements
Market Cap 1.42B Enterprise Value 1.60B Income 30.80M Sales 1.29B Book/sh 10.73 Cash/sh 3.02
Dividend Yield — Payout 0.00% Employees 2212 IPO — P/E 45.86 Forward P/E 17.67
PEG — P/S 1.10 P/B 0.90 P/C — EV/EBITDA 7.36 EV/Sales 1.24
Quick Ratio 2.56 Current Ratio 2.75 Debt/Eq 39.86 LT Debt/Eq — EPS (ttm) 0.21 EPS next Y 0.55
EPS Growth -56.90% Revenue Growth -5.90% Earnings 2026-04-22 ROA 1.99% ROE 1.99% ROIC —
Gross Margin 12.32% Oper. Margin 9.08% Profit Margin 2.39% Shs Outstand 147.30M Shs Float 137.23M Short Float 4.33%
Short Ratio 2.41 Short Interest — 52W High 10.75 52W Low 5.52 Beta 1.15 Avg Volume 2.10M
Volume 1.20M Target Price $12.25 Recom Buy Prev Close $9.38 Price $9.63 Change 2.67%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.25
Mean price target
2. Current target
$9.63
Latest analyst target
3. DCF / Fair value
$20.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.63
Low
$9.00
High
$14.00
Mean
$12.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-10-24 main TD Cowen Buy → Buy $12
2025-07-25 reit Raymond James Outperform → Outperform $9
2025-04-25 down Raymond James Strong Buy → Outperform $10
2024-10-25 main TD Cowen Buy → Buy $15
2024-10-24 down BTIG Buy → Neutral —
2024-09-19 init Raymond James — → Strong Buy $14
2024-06-26 main TD Cowen Buy → Buy $16
2024-06-25 main TD Cowen Buy → Buy $16
2024-03-11 main Piper Sandler Overweight → Overweight $11
2023-09-20 main BTIG Buy → Buy $17
2023-07-31 main TD Cowen Outperform → Outperform $13
2023-07-31 main Piper Sandler Overweight → Overweight $14
2022-10-26 up BTIG Neutral → Buy $10
2022-07-27 up Evercore ISI Group In-Line → Outperform $8
2022-04-18 main Piper Sandler — → Overweight $7
2022-03-07 main Piper Sandler — → Overweight $6
2021-07-28 down Piper Sandler Overweight → Neutral $5
2021-07-16 down B of A Securities Neutral → Underperform —
2021-06-09 down Evercore ISI Group Outperform → In-Line —
2021-04-28 down B of A Securities Buy → Neutral $5
News
RSS: Latest HLX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-26 SPARKS SCOTT ANDREW Chief Operating Officer — 140,667 $9.02 $1,268,816
2026-02-26 STAFFELDT ERIK Chief Financial Officer — 132,995 $9.02 $1,199,615
2026-02-26 NEIKIRK KENNETH ENGLISH General Counsel — 97,188 $9.02 $876,636
2026-02-26 KRATZ OWEN E Chief Executive Officer — 368,292 $9.02 $3,321,994
2026-01-02 ARRIAGA BRENT ALEXANDER Officer — 16,852 — —
2025-12-31 SPARKS SCOTT ANDREW Chief Operating Officer — 22,292 $6.27 $139,771
2025-12-31 STAFFELDT ERIK Chief Financial Officer — 21,077 $6.27 $132,153
2025-12-31 NEIKIRK KENNETH ENGLISH General Counsel — 15,402 $6.27 $96,571
2025-12-31 KRATZ OWEN E Chief Executive Officer — 58,366 $6.27 $365,955
2025-12-10 LOVOI JOHN V Director — 20,690 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,291.47
-4.94%
1,358.56
+5.34%
1,289.73
+47.72%
873.10
Operating Revenue
1,291.47
-4.94%
1,358.56
+5.34%
1,289.73
+47.72%
873.10
Cost Of Revenue
1,132.34
-0.58%
1,139.00
+4.56%
1,089.37
+32.45%
822.48
Reconciled Cost Of Revenue
1,132.34
-0.58%
1,139.00
+4.56%
1,089.37
+32.45%
822.48
Gross Profit
159.14
-27.52%
219.56
+9.59%
200.36
+295.84%
50.62
Operating Expense
75.94
-17.14%
91.65
-2.94%
94.43
+23.03%
76.75
Selling General And Administration
75.94
-17.14%
91.65
-2.94%
94.43
+23.03%
76.75
Total Expenses
1,208.28
-1.82%
1,230.65
+3.96%
1,183.80
+31.64%
899.24
Operating Income
83.20
-34.96%
127.91
+20.75%
105.93
+505.28%
-26.14
Total Operating Income As Reported
65.14
-48.89%
127.44
+100.65%
63.51
+241.59%
-44.85
EBITDA
209.99
-17.05%
253.17
+51.33%
167.30
+126.93%
73.72
Normalized EBITDA
228.06
-16.94%
274.57
+11.16%
246.99
+167.20%
92.44
Reconciled Depreciation
134.54
-1.94%
137.20
-0.88%
138.42
+7.53%
128.72
EBIT
75.45
-34.93%
115.97
+301.64%
28.87
+152.49%
-55.01
Total Unusual Items
-18.06
+15.59%
-21.40
+73.15%
-79.70
-325.77%
-18.72
Total Unusual Items Excluding Goodwill
-18.06
+15.59%
-21.40
+73.15%
-79.70
-325.77%
-18.72
Special Income Charges
-18.06
+15.59%
-21.40
+73.15%
-79.70
-325.77%
-18.72
Other Special Charges
—
20.92
-43.87%
37.28
—
Impairment Of Capital Assets
18.06
0.00
0.00
0.00
Restructuring And Mergern Acquisition
0.00
0.00
-100.00%
42.79
+128.58%
18.72
Net Income
30.83
-44.59%
55.64
+613.35%
-10.84
+87.65%
-87.78
Pretax Income
42.48
-48.24%
82.06
+992.15%
7.51
+109.99%
-75.18
Net Non Operating Interest Income Expense
-22.78
-0.65%
-22.63
-30.52%
-17.34
+8.51%
-18.95
Interest Expense Non Operating
32.97
-2.74%
33.90
+58.72%
21.36
+5.86%
20.18
Net Interest Income
-22.78
-0.65%
-22.63
-30.52%
-17.34
+8.51%
-18.95
Interest Expense
32.97
-2.74%
33.90
+58.72%
21.36
+5.86%
20.18
Interest Income Non Operating
10.20
-9.55%
11.27
+180.33%
4.02
+227.98%
1.23
Interest Income
10.20
-9.55%
11.27
+180.33%
4.02
+227.98%
1.23
Other Income Expense
-17.94
+22.73%
-23.22
+71.36%
-81.08
-169.41%
-30.09
Other Non Operating Income Expenses
0.12
+106.70%
-1.82
-31.79%
-1.38
+92.97%
-19.64
Tax Provision
11.65
-55.90%
26.43
+44.00%
18.35
+45.62%
12.60
Tax Rate For Calcs
0.00
-14.91%
0.00
+53.35%
0.00
+25.00%
0.00
Tax Effect Of Unusual Items
-4.95
+28.18%
-6.89
+58.82%
-16.74
-432.21%
-3.14
Net Income Including Noncontrolling Interests
30.83
-44.59%
55.64
+613.35%
-10.84
+87.65%
-87.78
Net Income From Continuing Operation Net Minority Interest
30.83
-44.59%
55.64
+613.35%
-10.84
+87.65%
-87.78
Net Income From Continuing And Discontinued Operation
30.83
-44.59%
55.64
+613.35%
-10.84
+87.65%
-87.78
Net Income Continuous Operations
30.83
-44.59%
55.64
+613.35%
-10.84
+87.65%
-87.78
Minority Interests
—
—
0.00
0.00
Normalized Income
43.94
-37.36%
70.15
+34.58%
52.12
+172.18%
-72.21
Net Income Common Stockholders
30.80
-44.58%
55.58
+612.86%
-10.84
+87.65%
-87.78
Otherunder Preferred Stock Dividend
0.02
-58.49%
0.05
0.00
0.00
Diluted EPS
0.21
-41.67%
0.36
+614.29%
-0.07
+87.93%
-0.58
Basic EPS
0.21
-43.24%
0.37
+628.57%
-0.07
+87.93%
-0.58
Basic Average Shares
148.35
-2.39%
151.99
+0.71%
150.92
-0.24%
151.28
Diluted Average Shares
148.45
-4.04%
154.70
+2.51%
150.92
-0.24%
151.28
Diluted NI Availto Com Stockholders
30.80
-44.58%
55.59
+612.87%
-10.84
+87.65%
-87.78
Average Dilution Earnings
0.00
-100.00%
0.00
0.00
0.00
Earnings From Equity Interest
—
0.00
0.00
-100.00%
8.26
Gain On Sale Of PPE
0.00
+100.00%
-0.48
-230.52%
0.37
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,615.90
+0.72%
2,597.08
+1.61%
2,556.04
+6.98%
2,389.34
Current Assets
824.99
+16.25%
709.68
+1.70%
697.84
+51.51%
460.59
Cash Cash Equivalents And Short Term Investments
445.20
+20.97%
368.03
+10.79%
332.19
+78.02%
186.60
Cash And Cash Equivalents
445.20
+20.97%
368.03
+10.79%
332.19
+78.02%
186.60
Receivables
322.19
+17.81%
273.49
-4.46%
286.25
+30.66%
219.07
Accounts Receivable
303.94
+17.52%
258.63
-7.77%
280.43
+31.79%
212.78
Gross Accounts Receivable
307.47
+17.21%
262.31
-7.58%
283.83
+31.98%
215.06
Allowance For Doubtful Accounts Receivable
-3.53
+4.16%
-3.68
-8.07%
-3.41
-49.63%
-2.28
Other Receivables
10.87
-11.05%
12.22
+109.84%
5.82
-7.48%
6.29
Taxes Receivable
7.38
+180.19%
2.63
0.00
0.00
Prepaid Assets
29.34
+9.58%
26.78
-5.54%
28.35
+6.55%
26.61
Current Deferred Assets
18.68
-41.40%
31.87
-11.56%
36.04
+158.01%
13.97
Restricted Cash
—
—
0.00
-100.00%
2.51
Other Current Assets
9.58
+0.71%
9.51
-36.61%
15.01
+26.89%
11.83
Total Non Current Assets
1,790.91
-5.11%
1,887.40
+1.57%
1,858.19
-3.66%
1,928.75
Net PPE
1,665.14
-5.79%
1,767.50
+1.46%
1,742.08
-5.29%
1,839.46
Gross PPE
3,459.26
+1.79%
3,398.40
+4.64%
3,247.80
+1.05%
3,214.16
Accumulated Depreciation
-1,794.11
-10.01%
-1,630.90
-8.31%
-1,505.72
-9.53%
-1,374.70
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
58.09
-26.47%
79.00
-3.44%
81.82
+7.44%
76.15
Machinery Furniture Equipment
2,735.24
+3.43%
2,644.66
-0.53%
2,658.84
+0.95%
2,633.85
Other Properties
665.92
-1.31%
674.74
+33.05%
507.15
+0.59%
504.17
Goodwill And Other Intangible Assets
3.26
-10.14%
3.63
-11.57%
4.11
-8.06%
4.46
Other Intangible Assets
—
—
—
—
Non Current Accounts Receivable
27.29
+9.92%
24.83
-3.11%
25.62
+3.21%
24.83
Non Current Deferred Assets
81.26
+5.44%
77.07
+7.22%
71.88
+58.98%
45.21
Non Current Prepaid Assets
12.54
+0.00%
12.54
+0.00%
12.54
+0.00%
12.54
Other Non Current Assets
1.41
-22.85%
1.83
-6.87%
1.96
-12.28%
2.24
Total Liabilities Net Minority Interest
1,035.99
-3.84%
1,077.32
+2.11%
1,055.04
+20.90%
872.63
Current Liabilities
299.68
-1.56%
304.42
-32.14%
448.62
+50.57%
297.95
Payables And Accrued Expenses
212.12
-3.73%
220.33
-27.74%
304.90
+53.31%
198.88
Payables
134.29
-7.26%
144.79
+6.08%
136.49
+0.55%
135.75
Accounts Payable
134.29
-7.26%
144.79
+7.61%
134.55
-0.53%
135.27
Current Accrued Expenses
77.84
+3.04%
75.54
-55.14%
168.41
+166.75%
63.13
Total Tax Payable
—
0.00
-100.00%
1.94
+304.59%
0.48
Income Tax Payable
—
0.00
-100.00%
1.94
+304.59%
0.48
Current Debt And Capital Lease Obligation
70.44
+1.84%
69.17
-37.66%
110.95
+24.51%
89.11
Current Debt
9.64
+4.99%
9.19
-80.98%
48.29
+26.42%
38.20
Other Current Borrowings
9.64
+4.99%
9.19
-80.98%
48.29
+26.42%
38.20
Current Capital Lease Obligation
60.80
+1.36%
59.98
-4.28%
62.66
+23.07%
50.91
Current Deferred Liabilities
17.11
+14.76%
14.91
-54.48%
32.76
+228.91%
9.96
Current Deferred Revenue
17.11
+14.76%
14.91
-54.48%
32.76
+228.91%
9.96
Total Non Current Liabilities Net Minority Interest
736.31
-4.73%
772.90
+27.45%
606.42
+5.52%
574.67
Long Term Debt And Capital Lease Obligation
559.31
-5.51%
591.96
+37.79%
429.62
+12.89%
380.56
Long Term Debt
298.35
-2.49%
305.97
-2.38%
313.43
+38.76%
225.88
Long Term Capital Lease Obligation
260.96
-8.75%
285.98
+146.15%
116.19
-24.89%
154.69
Long Term Provisions
68.77
+9.25%
62.95
+2.59%
61.36
+18.09%
51.96
Non Current Deferred Liabilities
105.57
-7.94%
114.67
+3.72%
110.56
+11.80%
98.88
Non Current Deferred Revenue
0.00
-100.00%
0.70
0.00
0.00
Non Current Deferred Taxes Liabilities
105.57
-7.37%
113.97
+3.09%
110.56
+11.80%
98.88
Other Non Current Liabilities
2.66
-19.91%
3.33
-32.03%
4.89
-88.70%
43.27
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
1,579.91
+3.96%
1,519.77
+1.25%
1,501.00
-1.04%
1,516.71
Common Stock Equity
1,579.91
+3.96%
1,519.77
+1.25%
1,501.00
-1.04%
1,516.71
Capital Stock
1,218.49
-2.70%
1,252.25
-1.52%
1,271.57
-2.09%
1,298.74
Common Stock
1,218.49
-2.70%
1,252.25
-1.52%
1,271.57
-2.09%
1,298.74
Share Issued
147.19
-2.03%
150.24
-1.34%
152.29
+0.23%
151.94
Ordinary Shares Number
147.19
-2.03%
150.24
-1.34%
152.29
+0.23%
151.94
Retained Earnings
398.91
+8.37%
368.09
+17.81%
312.45
-3.35%
323.29
Gains Losses Not Affecting Retained Earnings
-37.50
+62.72%
-100.58
-21.15%
-83.02
+21.18%
-105.32
Minority Interest
—
—
—
—
Other Equity Adjustments
-37.50
+62.72%
-100.58
-21.15%
-83.02
+21.18%
-105.32
Total Equity Gross Minority Interest
1,579.91
+3.96%
1,519.77
+1.25%
1,501.00
-1.04%
1,516.71
Total Capitalization
1,878.26
+2.88%
1,825.74
+0.62%
1,814.43
+4.12%
1,742.58
Working Capital
525.31
+29.62%
405.27
+62.61%
249.22
+53.24%
162.63
Invested Capital
1,887.91
+2.89%
1,834.92
-1.49%
1,862.72
+4.60%
1,780.78
Total Debt
629.75
-4.75%
661.12
+22.30%
540.57
+15.09%
469.68
Net Debt
—
—
29.53
-61.88%
77.47
Capital Lease Obligations
321.75
-7.00%
345.97
+93.44%
178.85
-13.01%
205.60
Net Tangible Assets
1,576.65
+3.99%
1,516.13
+1.29%
1,496.89
-1.01%
1,512.24
Tangible Book Value
1,576.65
+3.99%
1,516.13
+1.29%
1,496.89
-1.01%
1,512.24
Current Provisions
—
—
—
—
Interest Payable
10.10
-1.71%
10.28
+145.83%
4.18
-33.70%
6.31
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
136.75
-26.49%
186.03
+22.02%
152.46
+198.30%
51.11
Cash Flow From Continuing Operating Activities
136.75
-26.49%
186.03
+22.02%
152.46
+198.30%
51.11
Net Income From Continuing Operations
30.83
-44.59%
55.64
+613.35%
-10.84
+87.65%
-87.78
Depreciation Amortization Depletion
134.54
-1.94%
137.20
-0.88%
138.42
+7.53%
128.72
Depreciation And Amortization
134.54
-1.94%
137.20
-0.88%
138.42
+7.53%
128.72
Other Non Cash Items
3.15
+105.70%
-55.25
-797.65%
7.92
+390.82%
-2.72
Stock Based Compensation
6.57
-9.61%
7.27
+11.61%
6.51
-12.63%
7.45
Asset Impairment Charge
18.06
0.00
0.00
0.00
Deferred Tax
-8.07
-176.06%
10.61
-8.03%
11.53
+162.93%
4.39
Deferred Income Tax
-8.07
-176.06%
10.61
-8.03%
11.53
+162.93%
4.39
Operating Gains Losses
0.37
-98.30%
22.02
-51.30%
45.22
+239.13%
13.33
Gain Loss On Investment Securities
—
20.92
-43.87%
37.28
—
Net Foreign Currency Exchange Gain Loss
0.37
-39.97%
0.62
-92.50%
8.31
-61.52%
21.60
Change In Working Capital
-48.71
-670.33%
8.54
+118.44%
-46.31
-277.08%
-12.28
Change In Receivables
-37.51
-373.11%
13.74
+121.29%
-64.52
-116.04%
-29.86
Changes In Account Receivables
-37.51
-373.11%
13.74
+121.29%
-64.52
-116.04%
-29.86
Change In Payables And Accrued Expense
-18.43
-101.26%
-9.16
-128.63%
32.00
+226.26%
9.81
Change In Payable
—
—
31.58
+223.61%
9.76
Change In Account Payable
—
—
32.00
+226.26%
9.81
Change In Other Working Capital
-9.36
-431.41%
2.82
-67.95%
8.81
+4689.13%
0.18
Change In Other Current Assets
16.60
+1357.42%
1.14
+105.04%
-22.60
-397.60%
7.59
Investing Cash Flow
-16.34
+28.45%
-22.84
-22.41%
-18.66
+86.51%
-138.29
Cash Flow From Continuing Investing Activities
-16.34
+28.45%
-22.84
-22.41%
-18.66
+86.51%
-138.29
Capital Expenditure
-16.34
+29.87%
-23.30
-18.97%
-19.59
+41.54%
-33.50
Capital Expenditure Reported
-16.34
+29.87%
-23.30
-18.97%
-19.59
+41.54%
-33.50
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-112.62
Purchase Of Business
—
0.00
0.00
+100.00%
-112.62
Net Other Investing Changes
—
0.46
-50.16%
0.93
—
Financing Cash Flow
-45.06
+64.04%
-125.31
-599.06%
25.11
+155.99%
-44.84
Cash Flow From Continuing Financing Activities
-45.06
+64.04%
-125.31
-599.06%
25.11
+155.99%
-44.84
Net Issuance Payments Of Debt
-9.19
+86.78%
-69.47
-338.74%
29.10
+167.77%
-42.94
Issuance Of Debt
0.00
0.00
-100.00%
298.58
0.00
Repayment Of Debt
-9.19
+86.78%
-69.47
+74.22%
-269.48
-527.62%
-42.94
Long Term Debt Issuance
0.00
0.00
-100.00%
298.58
0.00
Long Term Debt Payments
-9.19
+86.78%
-69.47
+74.22%
-269.48
-527.62%
-42.94
Net Long Term Debt Issuance
-9.19
+86.78%
-69.47
-338.74%
29.10
+167.77%
-42.94
Net Common Stock Issuance
-30.21
-2.01%
-29.62
-147.08%
-11.99
0.00
Common Stock Payments
-30.21
-2.01%
-29.62
-147.08%
-11.99
0.00
Repurchase Of Capital Stock
-30.21
-2.01%
-29.62
-147.08%
-11.99
0.00
Proceeds From Stock Option Exercised
1.75
-6.13%
1.86
+89.31%
0.98
+70.78%
0.57
Net Other Financing Charges
-7.40
+73.63%
-28.08
-500.17%
7.02
+382.72%
-2.48
Changes In Cash
75.35
+98.92%
37.88
-76.16%
158.91
+220.36%
-132.03
Effect Of Exchange Rate Changes
1.82
+189.16%
-2.04
+87.12%
-15.83
-164.18%
-5.99
Beginning Cash Position
368.03
+10.79%
332.19
+75.66%
189.11
-42.19%
327.13
End Cash Position
445.20
+20.97%
368.03
+10.79%
332.19
+75.66%
189.11
Free Cash Flow
120.41
-26.01%
162.72
+22.47%
132.87
+654.77%
17.60
Interest Paid Supplemental Data
30.84
+21.21%
25.45
+21.27%
20.98
+14.87%
18.27
Income Tax Paid Supplemental Data
30.75
+117.74%
14.12
+91.02%
7.39
-22.30%
9.52
Change In Income Tax Payable
—
—
-0.42
-753.06%
-0.05
Change In Tax Payable
—
—
-0.42
-753.06%
-0.05
Dividends Received CFI
—
0.00
0.00
-100.00%
7.84
Earnings Losses From Equity Investments
—
0.00
0.00
+100.00%
-8.26
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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