HELIX ENERGY SOLUTIONS GROUP INC
HLX · Oil & Gas Field Services, NEC · 147.3M shares · +0%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $5M (gross $12M, SBC $7M)
Reference price $6.88 · est. market cap ~$1.0B — last insider sale, 2025-11-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C59Offshore energy-services provider with a strong balance sheet but weak, sub-median returns and declining revenue.
Strengths
- Strong liquidity: current ratio 2.75 (90 pct), quick ratio 95 pct, $445M cash and low leverage
- Differentiated well-intervention fleet with long-term Petrobras contracts
Risks
- Low returns (ROE 1.95%, ROA 1.18%) and thin gross margin (12.3%, 11.1 pct)
- Revenue down 4.9%, net income down 44.6%; cyclical oil/gas and offshore-wind regulatory exposure
Notable findings
- Strong balance sheetStrong balance sheet — $445M cash & investments
- Revenue declineRevenue -13.8% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
12.3%
Operating margin
5.0%
Net margin
2.4%
Return on equity
2.0%
Return on assets
1.2%
ROIC
2.7%
Revenue growth (QoQ)
-13.8%
Net-income growth
-44.6%
Debt / equity
0.2×
Net debt / EBITDA
-0.6×
Current ratio
2.8×
EBITDA
$253M
Tangible book value
$1.6B
Cash & investments
$445M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-01-03 | Arriaga Brent Alexander | Option exercise | 5.6K | — |
| 2026-01-03 | Arriaga Brent Alexander | Tax withheld | 2.5K | $6.40 |
| 2026-01-01 | Arriaga Brent Alexander | Option exercise | 4.1K | — |
| 2026-01-01 | Arriaga Brent Alexander | Option exercise | 7.2K | — |
| 2026-01-01 | Arriaga Brent Alexander | Tax withheld | 3.2K | $6.27 |
| 2026-01-01 | Arriaga Brent Alexander | Tax withheld | 1.8K | $6.27 |
| 2025-12-11 | Little Thomas Mitchell | Tax withheld | 4.8K | $7.25 |
| 2025-12-11 | Harris Paula | Tax withheld | 3.3K | $7.25 |
| 2025-12-11 | Nelson Amy H | Tax withheld | 5.5K | $7.25 |
| 2025-12-11 | TRANSIER WILLIAM L | Tax withheld | 5.5K | $7.25 |
| 2025-12-10 | Nelson Amy H | Grant | 21K | — |
| 2025-12-10 | TRANSIER WILLIAM L | Grant | 21K | — |
| 2025-12-10 | Little Thomas Mitchell | Grant | 21K | — |
| 2025-12-10 | LOVOI JOHN | Grant | 21K | — |
| 2025-12-10 | Harris Paula | Grant | 21K | — |
| 2025-12-10 | Glassman Diana | Grant | 21K | — |
| 2025-11-03 | Sparks Scott Andrew | Sell | 40K | $6.88 |
| 2025-02-27 | Staffeldt Erik | Tax withheld | 68K | $9.32 |
| 2025-02-27 | KRATZ OWEN E | Option exercise | 490K | — |
| 2025-02-27 | Neikirk Kenneth English | Tax withheld | 50K | $9.32 |
| 2025-02-27 | Neikirk Kenneth English | Option exercise | 128K | — |
| 2025-02-27 | KRATZ OWEN E | Tax withheld | 193K | $9.32 |
| 2025-02-27 | Sparks Scott Andrew | Option exercise | 188K | — |
| 2025-02-27 | Sparks Scott Andrew | Tax withheld | 74K | $9.32 |
| 2025-02-27 | Staffeldt Erik | Option exercise | 172K | — |
| 2025-01-13 | KRATZ OWEN E | Disposition | 193K | $9.32 |
| 2025-01-13 | Staffeldt Erik | Option exercise | 172K | — |
| 2025-01-13 | Staffeldt Erik | Disposition | 68K | $9.32 |
| 2025-01-13 | Sparks Scott Andrew | Option exercise | 188K | — |
| 2025-01-13 | Sparks Scott Andrew | Disposition | 74K | $9.32 |
| 2025-01-13 | Neikirk Kenneth English | Option exercise | 128K | — |
| 2025-01-13 | Neikirk Kenneth English | Disposition | 50K | $9.32 |
| 2025-01-13 | KRATZ OWEN E | Option exercise | 490K | — |
| 2025-01-04 | Sparks Scott Andrew | Option exercise | 63K | — |
| 2025-01-04 | Sparks Scott Andrew | Disposition | 63K | $9.52 |
| 2025-01-04 | Staffeldt Erik | Option exercise | 57K | — |
| 2025-01-04 | Staffeldt Erik | Disposition | 57K | $9.52 |
| 2025-01-04 | KRATZ OWEN E | Option exercise | 192K | — |
| 2025-01-04 | KRATZ OWEN E | Disposition | 192K | $9.52 |
| 2025-01-04 | Neikirk Kenneth English | Option exercise | 43K | — |
| 2025-01-04 | Neikirk Kenneth English | Disposition | 43K | $9.52 |
| 2025-01-03 | Arriaga Brent Alexander | Option exercise | 5.6K | — |
| 2025-01-03 | Arriaga Brent Alexander | Tax withheld | 2.4K | $9.68 |
| 2025-01-03 | Neikirk Kenneth English | Option exercise | 21K | — |
| 2025-01-03 | Neikirk Kenneth English | Disposition | 21K | $9.68 |
| 2025-01-03 | Staffeldt Erik | Option exercise | 29K | — |
| 2025-01-03 | Staffeldt Erik | Disposition | 29K | $9.68 |
| 2025-01-03 | Sparks Scott Andrew | Option exercise | 31K | — |
| 2025-01-03 | Sparks Scott Andrew | Disposition | 31K | $9.68 |
| 2025-01-03 | KRATZ OWEN E | Option exercise | 81K | — |
| 2025-01-03 | KRATZ OWEN E | Disposition | 81K | $9.68 |
| 2025-01-01 | Arriaga Brent Alexander | Option exercise | 4.1K | — |
| 2025-01-01 | Arriaga Brent Alexander | Tax withheld | 1.7K | $9.32 |
| 2025-01-01 | Neikirk Kenneth English | Option exercise | 15K | — |
| 2025-01-01 | Neikirk Kenneth English | Disposition | 15K | $9.32 |
| 2025-01-01 | Staffeldt Erik | Option exercise | 21K | — |
| 2025-01-01 | Staffeldt Erik | Disposition | 21K | $9.32 |
| 2025-01-01 | Sparks Scott Andrew | Option exercise | 22K | — |
| 2025-01-01 | Sparks Scott Andrew | Disposition | 22K | $9.32 |
| 2025-01-01 | KRATZ OWEN E | Option exercise | 58K | — |
| 2025-01-01 | KRATZ OWEN E | Disposition | 58K | $9.32 |
| 2025-01-01 | Little Thomas Mitchell | Tax withheld | 983 | $9.32 |
| 2025-01-01 | Harris Paula | Tax withheld | 2.6K | $9.32 |
| 2025-01-01 | Harris Paula | Grant | 3.0K | — |
| 2024-12-30 | Neikirk Kenneth English | Sell | 84K | $9.17 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Other | filing ↗ |
| 2026-05-13 | Shareholder voteExhibits | filing ↗ |
| 2026-05-05 | Material agreementReg FDExhibits | filing ↗ |
| 2026-04-24 | Material agreementExhibits | filing ↗ |
| 2026-04-23 | Reg FDExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-24 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-13 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-11 | 0001140361-26-025002 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0000866829-26-000017 ↗ |
| 8-K | 2026-05-05 | 2026-05-04 | 0000866829-26-000015 ↗ |
| 10-Q | 2026-04-24 | 2026-03-31 | 0000866829-26-000013 ↗ |
| 8-K | 2026-04-24 | 2026-04-22 | 0001140361-26-016767 ↗ |
| 8-K | 2026-04-23 | 2026-04-22 | 0000866829-26-000011 ↗ |
| 8-K | 2026-04-23 | 2026-04-22 | 0001140361-26-016264 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000866829-26-000008 ↗ |
| 8-K | 2026-02-24 | 2026-02-23 | 0000866829-26-000004 ↗ |
| 8-K | 2026-02-13 | 2026-02-13 | 0000866829-26-000002 ↗ |
| 8-K | 2025-12-18 | 2025-12-17 | 0000866829-25-000026 ↗ |
| 8-K | 2025-10-23 | 2025-10-22 | 0000866829-25-000022 ↗ |