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HELIX ENERGY SOLUTIONS GROUP (HLX) Stock Fundamental Analysis

USA - NYSE:HLX - US42330P1075 - Common Stock

6.58 USD
+0.24 (+3.79%)
Last: 9/18/2025, 1:04:01 PM
Fundamental Rating

4

HLX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 61 industry peers in the Energy Equipment & Services industry. While HLX seems to be doing ok healthwise, there are quite some concerns on its profitability. HLX is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year HLX was profitable.
HLX had a positive operating cash flow in the past year.
In multiple years HLX reported negative net income over the last 5 years.
HLX had a positive operating cash flow in each of the past 5 years.
HLX Yearly Net Income VS EBIT VS OCF VS FCFHLX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.87%, HLX is doing worse than 63.93% of the companies in the same industry.
HLX has a Return On Equity of 3.19%. This is in the lower half of the industry: HLX underperforms 63.93% of its industry peers.
The Return On Invested Capital of HLX (2.75%) is worse than 73.77% of its industry peers.
Industry RankSector Rank
ROA 1.87%
ROE 3.19%
ROIC 2.75%
ROA(3y)-0.65%
ROA(5y)-0.77%
ROE(3y)-0.95%
ROE(5y)-1.1%
ROIC(3y)N/A
ROIC(5y)N/A
HLX Yearly ROA, ROE, ROICHLX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20

1.3 Margins

HLX's Profit Margin of 3.92% is in line compared to the rest of the industry. HLX outperforms 40.98% of its industry peers.
In the last couple of years the Profit Margin of HLX has declined.
HLX's Operating Margin of 6.33% is on the low side compared to the rest of the industry. HLX is outperformed by 60.66% of its industry peers.
HLX's Operating Margin has been stable in the last couple of years.
The Gross Margin of HLX (13.07%) is worse than 85.25% of its industry peers.
HLX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.33%
PM (TTM) 3.92%
GM 13.07%
OM growth 3YN/A
OM growth 5Y0.81%
PM growth 3YN/A
PM growth 5Y-11.7%
GM growth 3Y92.02%
GM growth 5Y-2.48%
HLX Yearly Profit, Operating, Gross MarginsHLX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HLX is destroying value.
HLX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, HLX has more shares outstanding
HLX has a better debt/assets ratio than last year.
HLX Yearly Shares OutstandingHLX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
HLX Yearly Total Debt VS Total AssetsHLX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

HLX has an Altman-Z score of 1.46. This is a bad value and indicates that HLX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.46, HLX is not doing good in the industry: 65.57% of the companies in the same industry are doing better.
HLX has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as HLX would need 2.88 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.88, HLX is in the better half of the industry, outperforming 65.57% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that HLX is not too dependend on debt financing.
The Debt to Equity ratio of HLX (0.19) is better than 70.49% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.88
Altman-Z 1.46
ROIC/WACC0.31
WACC8.91%
HLX Yearly LT Debt VS Equity VS FCFHLX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 2.19 indicates that HLX has no problem at all paying its short term obligations.
HLX has a better Current ratio (2.19) than 65.57% of its industry peers.
HLX has a Quick Ratio of 2.19. This indicates that HLX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.19, HLX belongs to the top of the industry, outperforming 83.61% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 2.19
HLX Yearly Current Assets VS Current LiabilitesHLX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 60.00% over the past year.
The Earnings Per Share has been decreasing by -0.55% on average over the past years.
HLX shows a decrease in Revenue. In the last year, the revenue decreased by -8.19%.
Measured over the past years, HLX shows a quite strong growth in Revenue. The Revenue has been growing by 12.56% on average per year.
EPS 1Y (TTM)60%
EPS 3YN/A
EPS 5Y-0.55%
EPS Q2Q%-109.52%
Revenue 1Y (TTM)-8.19%
Revenue growth 3Y26.28%
Revenue growth 5Y12.56%
Sales Q2Q%-17.14%

3.2 Future

The Earnings Per Share is expected to grow by 18.98% on average over the next years. This is quite good.
Based on estimates for the next years, HLX will show a small growth in Revenue. The Revenue will grow by 2.29% on average per year.
EPS Next Y-13.36%
EPS Next 2Y18.94%
EPS Next 3Y22.17%
EPS Next 5Y18.98%
Revenue Next Year-3.24%
Revenue Next 2Y1.61%
Revenue Next 3Y1.46%
Revenue Next 5Y2.29%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HLX Yearly Revenue VS EstimatesHLX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B
HLX Yearly EPS VS EstimatesHLX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 -0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 20.56, HLX is valued on the expensive side.
HLX's Price/Earnings is on the same level as the industry average.
HLX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
The Price/Forward Earnings ratio is 12.92, which indicates a correct valuation of HLX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HLX indicates a somewhat cheap valuation: HLX is cheaper than 72.13% of the companies listed in the same industry.
HLX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 20.56
Fwd PE 12.92
HLX Price Earnings VS Forward Price EarningsHLX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HLX is valued a bit cheaper than the industry average as 68.85% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HLX indicates a somewhat cheap valuation: HLX is cheaper than 77.05% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.93
EV/EBITDA 4.73
HLX Per share dataHLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

A more expensive valuation may be justified as HLX's earnings are expected to grow with 22.17% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.94%
EPS Next 3Y22.17%

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0

5. Dividend

5.1 Amount

HLX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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HELIX ENERGY SOLUTIONS GROUP

NYSE:HLX (9/18/2025, 1:04:01 PM)

6.58

+0.24 (+3.79%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)07-23 2025-07-23/amc
Earnings (Next)10-21 2025-10-21/amc
Inst Owners93.3%
Inst Owner Change-1.99%
Ins Owners6.76%
Ins Owner Change0%
Market Cap967.19M
Analysts77.78
Price Target10.68 (62.31%)
Short Float %3.24%
Short Ratio2.66
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)659.08%
Min EPS beat(2)-166.01%
Max EPS beat(2)1484.16%
EPS beat(4)3
Avg EPS beat(4)344.23%
Min EPS beat(4)-166.01%
Max EPS beat(4)1484.16%
EPS beat(8)4
Avg EPS beat(8)54.93%
EPS beat(12)7
Avg EPS beat(12)944.81%
EPS beat(16)9
Avg EPS beat(16)707.83%
Revenue beat(2)0
Avg Revenue beat(2)-5.11%
Min Revenue beat(2)-7.09%
Max Revenue beat(2)-3.14%
Revenue beat(4)1
Avg Revenue beat(4)-0.97%
Min Revenue beat(4)-7.09%
Max Revenue beat(4)12.81%
Revenue beat(8)4
Avg Revenue beat(8)2.47%
Revenue beat(12)8
Avg Revenue beat(12)5.31%
Revenue beat(16)11
Avg Revenue beat(16)5.83%
PT rev (1m)-4.56%
PT rev (3m)-17.18%
EPS NQ rev (1m)-21.6%
EPS NQ rev (3m)-27.39%
EPS NY rev (1m)-14.51%
EPS NY rev (3m)-15.74%
Revenue NQ rev (1m)0.96%
Revenue NQ rev (3m)-2.65%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)-3.09%
Valuation
Industry RankSector Rank
PE 20.56
Fwd PE 12.92
P/S 0.76
P/FCF 8.93
P/OCF 7.27
P/B 0.62
P/tB 0.62
EV/EBITDA 4.73
EPS(TTM)0.32
EY4.86%
EPS(NY)0.51
Fwd EY7.74%
FCF(TTM)0.74
FCFY11.2%
OCF(TTM)0.9
OCFY13.75%
SpS8.69
BVpS10.67
TBVpS10.65
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.87%
ROE 3.19%
ROCE 3.48%
ROIC 2.75%
ROICexc 3.19%
ROICexgc 3.19%
OM 6.33%
PM (TTM) 3.92%
GM 13.07%
FCFM 8.48%
ROA(3y)-0.65%
ROA(5y)-0.77%
ROE(3y)-0.95%
ROE(5y)-1.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y15.43%
ROICexc growth 3YN/A
ROICexc growth 5Y15.5%
OM growth 3YN/A
OM growth 5Y0.81%
PM growth 3YN/A
PM growth 5Y-11.7%
GM growth 3Y92.02%
GM growth 5Y-2.48%
F-Score7
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.88
Debt/EBITDA 1.55
Cap/Depr 21.53%
Cap/Sales 1.93%
Interest Coverage 2.6
Cash Conversion 68.06%
Profit Quality 216.44%
Current Ratio 2.19
Quick Ratio 2.19
Altman-Z 1.46
F-Score7
WACC8.91%
ROIC/WACC0.31
Cap/Depr(3y)17.47%
Cap/Depr(5y)14.67%
Cap/Sales(3y)2.36%
Cap/Sales(5y)2.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)60%
EPS 3YN/A
EPS 5Y-0.55%
EPS Q2Q%-109.52%
EPS Next Y-13.36%
EPS Next 2Y18.94%
EPS Next 3Y22.17%
EPS Next 5Y18.98%
Revenue 1Y (TTM)-8.19%
Revenue growth 3Y26.28%
Revenue growth 5Y12.56%
Sales Q2Q%-17.14%
Revenue Next Year-3.24%
Revenue Next 2Y1.61%
Revenue Next 3Y1.46%
Revenue Next 5Y2.29%
EBIT growth 1Y-21.98%
EBIT growth 3YN/A
EBIT growth 5Y13.47%
EBIT Next Year119.01%
EBIT Next 3Y41.3%
EBIT Next 5Y25.11%
FCF growth 1Y76.75%
FCF growth 3Y7.28%
FCF growth 5Y41.39%
OCF growth 1Y32.36%
OCF growth 3Y9.91%
OCF growth 5Y1.85%