Company Analysis

Helix Energy Solutions Group, Inc. (HLX)

NYSE: HLX · Oil & Gas Field Services, NEC · Houston, TX · filing with the SEC since 1996
Grade5.2
◀ Past 5.3● Present 5.5▶ Future 4.8

The grade of Helix Energy Solutions Group, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past5.330% of the headline
● Present5.540% of the headline
▶ Future4.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.6/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2026-09-02.

weight 33% of this tense · 36th percentile among 21 sector filers · read for itself

From the record

Helix Energy Solutions Group, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2026-09-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.1/10

What has it actually done, year after year?

+11.4% a year over 10 filed years; profitable in 6 of 10.

weight 45% of this tense · 61st percentile among 20 sector filers · read for its customers

From the record

Helix Energy Solutions Group, Inc.'s 10 filed years say what it did: revenue went from $488 million in fiscal 2016 to $1.3 billion in fiscal 2025, up 11.4% a year; it rose in 6 of 9 years; the deepest fall was 10% from fiscal 2019 to fiscal 2021; net income was positive in 6 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span11.4%top 37% of its family
  • the share of years revenue rosetop 42% of its family
  • the share of filed years with a profitbottom 45% of its family
  • the deepest fall from a revenue peak10.3%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.5/10

How has it treated the people who own it?

Share count shrank 0.6% a year. 9% of cash flow returned. Insiders: 0 sales, 2 purchases.

weight 22% of this tense · 65th percentile among 17 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Helix Energy Solutions Group, Inc.'s diluted share count shrank about 0.6% a year, and dividends and buybacks returned about 9% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 2 purchases of their own stock on the open market in the year to 2026-11-12, buying about $2 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 19% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.5/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 40%: owes 40¢ per asset dollar.

weight 33% of this tense · 55th percentile among 20 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Helix Energy Solutions Group, Inc. earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns. Leverage: it owed about 40 cents per dollar of assets, and net share issuance: its share count shrank 4.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 32% of its family
  • return on equitybottom 31% of its family
  • gross profit against assetsbottom 23% of its family
  • the share count against the year beforetop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.9/10

How strong is its position in its industry?

top 41% of 20 in its family; net margin 2.4%.

weight 45% of this tense · 59th percentile among 20 sector filers · read for its customers

From the record

Helix Energy Solutions Group, Inc.'s standing among 20 graded names in its industry family: revenue of $1.3 billion in fiscal 2025 ranks in the top 47% by size; a net margin of 2.4% ranks in the bottom 48%; revenue growth of 13.9% a year over the last 3 filed years ranks in the top 22% (its annual reports).

What it rests on

  • revenue against the family$1.29Btop 47% of its family
  • net margin2.4%bottom 48% of its family
  • three-year revenue growth13.9%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.6/10

What are the people in charge doing?

bottom 46% of 17 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 46th percentile among 17 sector filers · read for its shareholders

From the record

Helix Energy Solutions Group, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hornbeck, Todd M (PRESIDENT & CEO, as filed), filing under that title since the record of its people begins (2026-09-02), so the years before are not on the record and this part is not read; the 20 officers and directors filing in the last fifteen months have been on the record a median of 4.1 years (bottom 18%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 20 peopletop 25% of its family
  • the median years the people in charge have filed4.1 yearsbottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.6/10

How much room does it have to grow?

top 44% of 20 in its family for room to expand.

weight 22% of this tense · 56th percentile among 20 sector filers · read for itself

From the record

Helix Energy Solutions Group, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $445 million against debt of $298 million leaves 5.6% of its assets as net cash, top 24% of its family; cash from operations less capital spending is 9.3% of revenue (top 12%); a gross margin of 12.3% (bottom 5%) (its annual report).

What it rests on

  • cash less debt against assets5.6%top 24% of its family
  • cash from operations less capital spending against revenue9.3%top 12% of its family
  • gross margin12.3%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.6/10

What could actually drive growth from here?

bottom 36% of 20 in its family for growth drivers.

weight 45% of this tense · 36th percentile among 20 sector filers · read for its customers

From the record

Helix Energy Solutions Group, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 13.9% a year over the last three filed years against 11.4% over all 10, speeding up (top 27% of its family); the newest year grew -4.9% (bottom 23%); capital spending grew -21.3% a year (bottom 13%) (its annual reports). Helix Energy Solutions Group, Inc. reported 4 lines of business in fiscal 2025: Well Intervention at $729 million (56%), Robotics at $290 million (22%), Shallow Water Abandonment at $200 million (16%), and 1 more; 2 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+2.5 points a yeartop 27% of its family
  • the newest year's revenue growth-4.9%bottom 23% of its family
  • three-year growth of capital spending-21.3%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 18 in its family for expectations against reality.

weight 33% of this tense · 58th percentile among 18 sector filers · read for its shareholders

From the record

Helix Energy Solutions Group, Inc.'s newest year against its own record: revenue of $1.3 billion in fiscal 2025 came in 23.8% below the $1.7 billion its prior three years' pace pointed to (bottom 3% of its family); net income of $31 million against a prior three-year average of $14 million (top 3%); a net margin of 2.4% against -2.3% before (top 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-23.8%bottom 3% of its family
  • net income against the prior three years' average+315%top 3% of its family
  • net margin against its prior average+4.7 pointstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HLX · research, not advice