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HELIX ENERGY SOLUTIONS GROUP INC

CIK: 866829 SIC: 1389
$1.31B
Revenue
$42.68M
Net Income
12.75%
Gross Margin
6.38%
Op. Margin
$80.70M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 9 of 15 annual reports available (2010 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $1.31B $1.36B $1.29B $873.10M $674.73M $733.55M $751.91M $739.82M $581.38M $487.58M
Revenue Growth % -3.4% 5.3% 47.7% 29.4% -8.0% -2.4% 1.6% 27.3% 19.2% nan%
Cost of Revenue $1.15B $1.14B $1.09B $822.48M $659.34M $653.65M $614.07M $618.13M $519.22M $441.07M
+ Gross Profit $167.36M $219.56M $200.36M $50.62M $15.39M $79.91M $137.84M $121.68M $62.17M $46.52M
Gross Margin % 12.8% 16.2% 15.5% 5.8% 2.3% 10.9% 18.3% 16.4% 10.7% 9.5%
Selling General & Admin $83.19M $91.65M $94.43M $76.75M $63.45M $61.08M $69.84M $70.29M $63.26M $65.93M
+ Operating Income $83.75M $127.44M $63.51M $-44.85M $-48.69M $13.03M $68.00M $51.54M $-1.13M $-63.23M
Operating Margin % 6.4% 9.4% 4.9% -5.1% -7.2% 1.8% 9.0% 7.0% -0.2% -13.0%
Interest Expense - $25.45M $20.98M - - - - - - -
Other Income/Expense $-2.18M $-3.92M $-3.59M $-23.33M $-1.49M $4.72M $1.17M $-6.32M $-1.43M $3.51M
Income Before Tax $60.18M $82.06M $7.51M $-75.18M $-70.64M $1.38M $65.56M $31.00M $-20.37M $-93.92M
Income Tax Expense $17.50M $26.43M $18.35M $12.60M $-8.96M $-18.70M $7.86M $2.40M $-50.42M $-12.47M
+ Net Income $42.68M $55.64M $-10.84M $-87.78M $-61.54M $22.17M $57.92M $28.60M $30.05M $-81.44M
Net Margin % 3.3% 4.1% -0.8% -10.1% -9.1% 3.0% 7.7% 3.9% 5.2% -16.7%
Basic EPS 0.29 0.37 -0.07 -0.58 -0.41 0.13 0.39 0.19 0.20 -0.73
Diluted EPS 0.28 0.36 -0.07 -0.58 -0.41 0.13 0.38 0.19 0.20 -0.73
Basic Shares Outstanding 146.9M 152.0M 150.9M 151.3M 150.1M 149.0M 147.5M 146.7M 145.3M 111.6M
Diluted Shares Outstanding 147.7M 154.7M 150.9M 151.3M 150.1M 149.9M 149.6M 146.8M 145.3M 111.6M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $368.03M $332.19M $186.60M $253.51M $291.32M $208.43M $279.46M $266.59M $356.65M
Accounts Receivable $258.63M $280.43M $212.78M $144.14M $132.23M $75.65M $67.93M $113.34M $101.83M
Other Current Assets $83.02M $85.22M $58.70M $58.27M $102.09M $50.45M $51.59M $41.77M $37.39M
Total Current Assets $709.68M $697.84M $460.59M $529.54M $525.64M $438.47M $450.93M $451.64M $522.78M
Property Plant & Equipment $1.44B $1.57B $1.64B $1.66B $1.78B $1.87B $1.83B $1.81B $1.65B
Goodwill - - - - - - - - -
Intangible Assets $3.63M - - - - - - - -
Other Non-current Assets $48.18M $44.82M $50.51M $34.66M $40.01M $84.51M $70.06M $105.20M $72.55M
Total Assets $2.60B $2.56B $2.39B $2.33B $2.50B $2.60B $2.35B $2.36B $2.25B
Accounts Payable $144.79M $134.55M $135.27M $87.96M $50.02M $69.06M $54.81M $81.30M $60.21M
Accrued Liabilities $90.45M $203.11M $73.57M $91.71M $87.03M $62.39M $85.59M $71.68M $58.61M
Deferred Revenue $14.91M - - - - - - - -
Total Current Liabilities $304.42M $448.62M $297.95M $278.28M $279.31M $284.96M $191.49M $265.64M $186.40M
Long-term Debt $315.16M $313.43M $225.88M $262.14M $258.91M $306.12M $393.06M $385.77M $558.40M
Deferred Tax Liabilities $113.97M $110.56M $98.88M $86.97M $110.82M $112.13M - - -
Other Non-current Liabilities $66.97M $66.25M $95.23M $975.00K $3.88M $38.64M $39.54M $40.69M $52.98M
Total Liabilities $1.08B $1.06B $872.63M $678.56M $753.93M $893.68M $729.95M $795.44M $965.13M
Common Stock $1.25B $1.27B $1.30B $1.29B $1.33B $1.32B $1.31B $1.28B $1.06B
Retained Earnings $368.09M $312.45M $323.29M $411.07M $464.52M $445.37M $383.03M $352.91M $322.85M
Total Stockholders Equity $1.52B $1.50B $1.52B $1.65B $1.74B $1.70B $1.62B $1.57B $1.28B
Total Liabilities & Equity $2.60B $2.56B $2.39B $2.33B $2.50B $2.60B $2.35B $2.36B $2.25B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $45.75M $55.64M $-10.84M $-87.78M $-61.54M $22.17M $57.92M $28.60M $30.05M $-81.44M
Depreciation & Amortization - $173.29M $164.12M $142.69M $141.51M $133.71M $112.72M $110.52M $108.75M $114.19M
Stock-based Compensation $11.64M $7.27M $6.51M $7.45M $7.69M $8.57M $11.47M $9.93M $10.88M $5.86M
Deferred Income Tax $1.79M $10.61M $11.53M $4.39M $-15.20M $-3.88M $3.48M $-2.43M $-54.59M $14.85M
Change in Receivables $155.84M $-13.74M $64.52M $29.86M $14.15M $8.42M $3.05M $-20.92M $28.42M $22.44M
Operating Cash Flow $117.31M $186.03M $152.46M $51.11M $140.12M $98.80M $169.67M $196.74M $51.64M $38.71M
Capital Expenditure $36.62M $23.30M $19.59M $33.50M $8.32M $20.24M $140.85M $137.08M $231.13M $186.49M
Acquisitions - - - $112.62M - - $4.08M - - -
Investing Cash Flow $-36.62M $-22.84M $-18.66M $-138.29M $-8.27M $-19.28M $-142.38M $-136.01M $-221.13M $-147.11M
Stock Issued - - - - - - - - $219.50M $96.55M
Stock Repurchased - $29.62M $11.99M - - - - - - $341.00K
Financing Cash Flow $-116.51M $-125.31M $25.11M $-44.84M $-96.00M $-52.58M $-45.82M $-46.19M $77.48M -
Net Change in Cash $-32.42M $35.84M $143.08M $-138.02M $35.81M $28.76M $-16.90M $12.87M $-90.06M $-137.54M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $376.96M $342.42M $957.31M $1.00B
Cost of Revenue $310.94M $276.75M $848.81M $842.72M
Gross Profit $66.02M $65.67M $108.50M $160.71M
Selling General & Admin $18.17M $21.12M $55.63M $64.10M
Operating Income $47.85M $44.64M $52.87M $96.56M
Other Income/Expense $-983.00K $-49.00K $-903.00K $-2.65M
Income Before Tax $41.25M $39.03M $36.18M $58.06M
Income Tax Expense $19.17M $9.52M $13.62M $22.55M
Net Income $22.08M $29.51M $22.56M $35.52M
Basic EPS 0.15 0.19 0.15 0.23
Diluted EPS 0.15 0.19 0.15 0.23
Basic Shares Outstanding $146.91M $151.91M $148.81M $152.17M
Diluted Shares Outstanding $147.70M $154.85M $149.55M $155.04M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $338.03M $368.03M
Accounts Receivable $359.61M $258.63M
Other Current Assets $100.60M $83.02M
Total Current Assets $798.24M $709.68M
Property Plant & Equipment $1.41B $1.44B
Other Non-current Assets $47.52M $48.18M
Total Assets $2.63B $2.60B
Accounts Payable $147.40M $144.79M
Accrued Liabilities $99.25M $90.45M
Total Current Liabilities $314.12M $304.42M
Long-term Debt $297.83M $305.97M
Deferred Tax Liabilities $117.82M $113.97M
Other Non-current Liabilities $70.08M $66.97M
Total Liabilities $1.06B $1.08B
Common Stock $1.22B $1.25B
Retained Earnings $390.64M $368.09M
Total Stockholders Equity $1.57B $1.52B
Total Liabilities & Equity $2.63B $2.60B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $22.08M $29.51M $22.56M $35.52M
Stock-based Compensation - - $4.94M $5.52M
Deferred Income Tax - - $3.82M $13.17M
Change in Receivables - - $93.30M $-12.74M
Operating Cash Flow - - $23.59M $108.05M
Capital Expenditure - - $10.65M $10.78M
Investing Cash Flow - - $-10.65M $-10.32M
Financing Cash Flow - - $-44.92M $-105.57M
Net Change in Cash - - $-30.00M $-8.07M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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