Is the business good?
How good a business is HLX?
Helix Energy Solutions Group, Inc. earns 2.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
2.5%
Return on invested capital · cost of capital 9.0% · 6.5 points below what the capital costs: growth destroys value
- Operating margin
- 3.4%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q1 2026
- Share count, year on year
- −3.3%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 11%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 1.8% |
| FY2021 | −7.2% |
| FY2022 | −5.1% |
| FY2023 | 4.9% |
| FY2024 | 9.4% |
| FY2025 | 5.0% |
Details›
- Gross margin12 months to Q1 2026
- 11%
- Operating margin12 months to Q1 2026
- 3.4%
- Net margin12 months to Q1 2026
- 1.1%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $1.30B
- Free cash flow, trailing twelve months
- $167M
- Net income, trailing twelve months
- $14M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Equipment & Services
Ranks #26 of 27 by Smart Score