HLX - HELIX ENERGY SOLUTIONS GROUP INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	-4.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-199%)	5.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7%)	47.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+854%)	29.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+488%)	-8.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-260%)	-2.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-149%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-67%)	27.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+445%)	19.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+285%)	-29.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-699%)	-37.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-843%)	26.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+426%)	3.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-28%)	20.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+311%)	-41.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-930%)	-17.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-458%)	-30.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-717%)	—	—
EPS Growth YoY (%)	-43.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	87.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-41.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	-66.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	105.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-5.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	79.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	77.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	N/M	N/M	—	—
Net Income Growth YoY (%)	-44.6% Weak ↓ Weak Declining Year-over-year change in net income	N/M	87.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-42.7% Weak ↓ Weak Declining Year-over-year change in net income	N/M	-61.7% Weak ↓ Weak Declining Year-over-year change in net income	102.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-4.8% Weak Weak Year-over-year change in net income	N/M	78.4% Excellent Excellent Year-over-year change in net income	N/M	73.0% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	N/M	N/M	—	—
FCF Growth YoY (%)	-24.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	21.2% Good ↓ Good Declining Year-over-year change in free cash flow	199.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-63.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	40.8% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	-42.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-14.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	277.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	2.5% Caution ↓ Caution Declining Year-over-year change in free cash flow	-67.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	-69.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	383.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-83.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	-20.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	70.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-24.3% Weak Weak Year-over-year change in free cash flow	-12.7% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	13.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	26.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	20.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	5.1% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	-3.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	8.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	15.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	2.1% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-19.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-17.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-6.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	16.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-9.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-16.7% Weak Weak Compound annual revenue growth over 3 years	-30.8% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	12.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	12.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.1% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-7.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-3.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-7.2% Weak → Weak Stable Compound annual revenue growth over 5 years	-7.0% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-10.3% Weak → Weak Stable Compound annual revenue growth over 5 years	-5.4% Weak Weak Compound annual revenue growth over 5 years	-16.1% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	-13.4% Weak Weak Compound annual EPS growth over 3 years	—	—	-52.4% Weak Weak Compound annual EPS growth over 3 years	—	—	14.6% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	5.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	9.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	4.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	-5.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-134%)	-7.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-148%)	1.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	9.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	7.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	-0.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-13.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-186%)	-44.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-394%)	23.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	20.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	-8.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-154%)	9.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	-7.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-153%)	13.9% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	-19.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-231%)	—
Effective Tax Rate (%) (%)	27.4% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.2% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	244.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-16.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1352.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	247.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.2% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.5% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.0% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	47.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3505.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.2% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	2.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	4.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	-0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-111%)	-10.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-226%)	-9.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-214%)	3.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	7.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	5.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	-16.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-309%)	-54.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-777%)	17.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+121%)	12.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+61%)	-5.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-168%)	18.5% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+131%)	-10.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-232%)	10.7% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	-30.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-476%)	—
FCF Margin (%) (%)	10.6% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	13.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.8% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	20.8% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	13.5% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	26.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.9% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	32.5% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.5% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	53.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	80.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	27.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	28.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	20.7% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	4.44x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.34x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-14.07x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.58x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.28x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.46x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.93x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	6.88x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.72x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.29x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	1.84x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-9.77x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.36x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.68x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.69x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	2.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	4.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	2.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-11.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	8.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	6.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	-1.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	88.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	2.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-2.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-12.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	9.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-2.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	5.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	2.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-84%)	3.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-69%)	-0.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-106%)	-5.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-148%)	-3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-131%)	1.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-89%)	3.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-72%)	1.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-85%)	1.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-84%)	-6.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-153%)	-29.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-346%)	11.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	7.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	-3.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-128%)	9.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	-10.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-184%)	11.1% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-61%)	0.21x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-59%)	0.24x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-52%)	0.17x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	0.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.20x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-60%)	0.24x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-52%)	0.27x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	0.32x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-37%)	0.49x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.59x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+17%)	0.33x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.73x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+46%)	0.81x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+63%)	1.07x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+114%)	0.96x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+92%)	—	—
Interest Coverage (x)	2.11x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	5.01x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.97x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-2.22x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.07x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.43x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.18x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.58x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-0.03x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-7.68x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	7.92x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.02x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	-1.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.87x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.95x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.59x Fair Fair Operating income divided by interest expense Optimal: > 5x	-4.48x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-137.20M	$-52.87M	$29.53M	$77.47M	$51.49M	$58.24M	$197.42M	$160.86M	$229.03M	$269.32M	$255.14M	$74.88M	$87.95M	$582.13M	$608.86M	$956.67M	$1.08B	$-223.61M	$-89.56M
Debt / EBITDA (x)	1.22x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.05x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.59x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.70x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.29x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.38x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.25x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.72x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.61x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.29x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-4.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.49x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.04x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	35.49x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.49x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.06x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.89x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$8.71	$8.94	$8.55	$5.77	$4.50	$4.92	$5.10	$5.04	$4.00	$4.37	$6.60	$10.54	$8.35	$8.10	$6.72	$11.55	$14.74	$23.32	—
Basic EPS, GAAP (USD)	$0.21	$0.37	$-0.07	$-0.58	$-0.41	$0.13	$0.39	$0.19	$0.20	$-0.73	$-3.58	$1.85	$1.04	$-0.44	$1.23	$-1.22	$1.01	$-7.05	—
Free Cash Flow per Share (USD)	$0.92	$1.22	$1.01	$0.34	$0.93	$0.66	$1.15	$1.34	$0.36	$0.35	$1.05	$3.42	$0.71	$4.33	$5.43	$3.19	$4.21	$4.83	—
Book Value per Share (USD)	$10.65	$10.00	$9.95	$10.03	$10.98	$11.68	$11.52	$11.03	$10.79	$11.48	$12.13	$15.74	$14.27	$13.34	$13.60	$12.14	$14.18	—	—
Tangible Book Value per Share (USD)	$10.65	$10.00	$9.95	$10.03	$10.98	$11.68	$11.47	$11.03	$10.79	$11.48	$11.70	$15.15	$13.67	$12.74	$13.00	$11.54	$13.38	—	—
Basic Weighted Avg Shares (shares)	148.35M	151.99M	150.92M	151.28M	150.06M	148.99M	147.54M	146.70M	145.29M	111.61M	105.42M	105.03M	105.03M	104.45M	104.53M	103.86M	99.14M	90.65M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$525.31M	$405.27M	$249.22M	$162.63M	$251.25M	$246.34M	$153.51M	$259.44M	$186.00M	$336.39M	$473.12M	$468.66M	$553.43M	$351.06M	$548.07M	$373.06M	$197.07M	—	—
LT Debt (USD)	$308.00M	$315.16M	$361.72M	$264.07M	$305.01M	$349.56M	$405.85M	$440.31M	$495.63M	$625.97M	$749.34M	$551.37M	$566.15M	$1.02B	$1.16B	$1.35B	$1.35B	—	—
Total Equity (USD)	$1.58B	$1.52B	$1.50B	$1.52B	$1.65B	$1.74B	$1.70B	$1.62B	$1.57B	$1.28B	$1.28B	$1.65B	$1.50B	$1.39B	$1.42B	$1.26B	$1.41B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$1.29B	$1.36B	$1.29B	$873.10M	$674.73M	$733.55M	$751.91M	$739.82M	$581.38M	$487.58M	$695.80M	$1.11B	$876.56M	$846.11M	$702.00M	$1.20B	$1.46B	$2.11B	—
Depreciation Expense (USD)	$187.38M	$173.29M	$164.12M	$142.69M	$141.51M	$133.71M	$112.72M	$110.52M	$108.75M	$114.19M	$120.40M	$109.34M	$98.53M	$97.20M	$91.19M	$317.12M	$262.62M	$333.73M	—
Net Income, GAAP (USD)	$30.83M	$55.64M	$-10.84M	$-87.78M	$-61.54M	$22.17M	$57.92M	$28.60M	$30.05M	$-81.44M	$-376.98M	$195.55M	$113.05M	$-46.30M	$129.98M	$-126.99M	$156.05M	$-635.93M	—
Operating Cash Flow (USD)	$136.75M	$186.03M	$152.46M	$51.11M	$140.12M	$98.80M	$169.67M	$196.74M	$51.64M	$38.71M	$110.81M	$359.49M	$74.36M	$452.50M	$567.16M	$331.45M	$417.68M	$437.72M	—

HELIX ENERGY SOLUTIONS GROUP INC

Analytical Summary

19-Year Financial Trajectory

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