Helix Energy Solutions Group, Inc. (HLX)

HLX Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,312	1,359	1,290	873.1	674.73	733.56
Revenue Growth (YoY)	-1.95%	5.34%	47.72%	29.40%	-8.02%	-2.44%
Cost of Revenue	1,145	1,139	1,089	822.48	659.34	653.65
Gross Profit	167.36	219.56	200.36	50.62	15.39	79.91
Selling, General & Admin	83.19	91.65	94.43	76.75	63.45	61.08
Operating Expenses	83.19	91.65	94.43	76.75	63.45	61.08
Operating Income	84.18	127.91	105.93	-26.14	-48.06	18.83
Interest Expense	-33.04	-33.9	-21.36	-20.18	-23.49	-29.36
Interest & Investment Income	10.27	11.27	4.02	1.23	0.29	0.83
Earnings From Equity Investments	-	-	-	8.26	-0	0.22
Currency Exchange Gain (Loss)	0.24	-1.5	-4.4	-23.4	-1.5	4.6
Other Non Operating Income (Expenses)	-1.04	-0.32	3.02	3.76	2.88	2.83
EBT Excluding Unusual Items	60.61	103.47	87.21	-56.46	-69.88	-2.06
Merger & Restructuring Charges	-	-	-0.54	-2.66	-	-
Impairment of Goodwill	-	-	-	-	-	-6.69
Gain (Loss) on Sale of Assets	-0.43	-0.48	0.37	-	-0.63	0.89
Other Unusual Items	-	-20.92	-79.52	-16.05	-0.14	9.24
Pretax Income	60.18	82.06	7.51	-75.18	-70.64	1.38
Income Tax Expense	17.51	26.43	18.35	12.6	-8.96	-18.7
Earnings From Continuing Operations	42.68	55.64	-10.84	-87.78	-61.68	20.08
Minority Interest in Earnings	-	-	-	-	0.15	2.09
Net Income	42.68	55.64	-10.84	-87.78	-61.54	22.17
Preferred Dividends & Other Adjustments	0.03	0.05	-	-	0.24	2.54
Net Income to Common	42.65	55.58	-10.84	-87.78	-61.78	19.63
Net Income Growth	494.15%	-	-	-	-	-61.71%
Shares Outstanding (Basic)	149	152	151	151	150	149
Shares Outstanding (Diluted)	151	155	151	151	150	150
Shares Change (YoY)	-0.78%	2.51%	-0.24%	0.81%	0.11%	0.21%
EPS (Basic)	0.29	0.37	-0.07	-0.58	-0.41	0.13
EPS (Diluted)	0.28	0.36	-0.07	-0.58	-0.41	0.13
EPS Growth	497.36%	-	-	-	-	-65.80%
Free Cash Flow	78.39	162.73	132.87	17.6	131.8	78.56
Free Cash Flow Per Share	0.52	1.05	0.88	0.12	0.88	0.52
Gross Margin	12.75%	16.16%	15.53%	5.80%	2.28%	10.89%
Operating Margin	6.41%	9.41%	8.21%	-2.99%	-7.12%	2.57%
Profit Margin	3.25%	4.09%	-0.84%	-10.05%	-9.16%	2.68%
Free Cash Flow Margin	5.97%	11.98%	10.30%	2.02%	19.53%	10.71%
EBITDA	216.87	265.12	244.35	102.59	78.86	138.23
EBITDA Margin	16.52%	19.51%	18.95%	11.75%	11.69%	18.84%
D&A For EBITDA	132.7	137.2	138.42	128.73	126.91	119.41
EBIT	84.18	127.91	105.93	-26.14	-48.06	18.83
EBIT Margin	6.41%	9.41%	8.21%	-2.99%	-7.12%	2.57%
Effective Tax Rate	29.09%	32.20%	244.24%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q