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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›HLX›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

HELIX ENERGY SOLUTIONS GROUP INC (HLX) financials

Income statement

HELIX ENERGY SOLUTIONS GROUP INC (HLX) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$488M$581M$740M$752M$734M$675M$873M$1.29B$1.36B$1.29B
Revenue growth—19.2%27.3%1.6%-2.4%-8.0%29.4%47.7%5.3%-4.9%
Gross profit$46.5M$62.2M$122M$138M$79.9M$15.4M$50.6M$200M$220M$159M
Gross margin9.5%10.7%16.4%18.3%10.9%2.3%5.8%15.5%16.2%12.3%
Operating income-$63.2M-$1.13M$51.5M$68.0M$13.0M-$48.7M-$44.9M$63.5M$127M$65.1M
Operating margin-13.0%-0.2%7.0%9.0%1.8%-7.2%-5.1%4.9%9.4%5.0%
Net income-$81.4M$30.1M$28.6M$57.9M$22.2M-$61.5M-$87.8M-$10.8M$55.6M$30.8M
Net margin-16.7%5.2%3.9%7.7%3.0%-9.1%-10.1%-0.8%4.1%2.4%
EPS (diluted)-$0.73$0.20$0.19$0.38$0.13-$0.41-$0.58-$0.07$0.36$0.21

Cash flow

HELIX ENERGY SOLUTIONS GROUP INC (HLX) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$38.7M$51.6M$197M$170M$98.8M$140M$51.1M$152M$186M$137M
Capital expenditures$186M$231M$137M$141M$20.2M$8.32M$33.5M$19.6M$23.3M$16.3M
Free cash flow-$148M-$179M$59.7M$28.8M$78.6M$132M$17.6M$133M$163M$120M
Share buybacks$341K——————$12.0M$29.6M—

Balance sheet

HELIX ENERGY SOLUTIONS GROUP INC (HLX) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$357M$267M$279M$208M$291M$254M$187M$332M$368M$445M
Total assets$2.25B$2.36B$2.35B$2.60B$2.50B$2.33B$2.39B$2.56B$2.60B$2.62B
Total liabilities$965M$795M$730M$894M$754M$679M$873M$1.06B$1.08B$1.04B
Long-term debt$558M$386M$393M$306M$259M$262M$226M$313M$306M$298M
Shareholders' equity$1.28B$1.57B$1.62B$1.70B$1.74B$1.65B$1.52B$1.50B$1.52B$1.58B
Retained earnings$323M$353M$383M$445M$465M$411M$323M$312M$368M$399M
Shares (wtd avg diluted)112M145M147M150M150M150M151M151M155M148M

Every figure is extracted from HELIX ENERGY SOLUTIONS GROUP INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is HELIX ENERGY SOLUTIONS GROUP INC's annual revenue?
HELIX ENERGY SOLUTIONS GROUP INC (HLX) reported $1.29B of revenue for fiscal year 2025 — down 4.9% from $1.36B in FY2024, per its annual report filed with the SEC.
Is HELIX ENERGY SOLUTIONS GROUP INC profitable?
Yes — HLX earned $30.8M of net income in FY2025, a 2.4% net margin, per SEC filings.
What is HELIX ENERGY SOLUTIONS GROUP INC's free cash flow?
$120M in FY2025 (operating cash flow $137M minus $16.3M of capital expenditures), from the SEC cash-flow statement.
Does HLX pay a dividend?
HELIX ENERGY SOLUTIONS GROUP INC reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full HLX analysis — verdict, score & filings →Is HLX a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.