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HELIX ENERGY SOLUTIONS GROUP INC

HELIX ENERGY SOLUTIONS GROUP INCHLXEarnings & Financial Report

NYSE · petroleum industry

Helix Energy Solutions Inc., known as Cal Dive International prior to 2006, is an American oil and gas services company headquartered in Houston, Texas. The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields.

NextMar 13, 2026

HLX Q3 2025 Key Financial Metrics

Revenue

$377.0M

Gross Profit

$66.0M

Operating Profit

$47.9M

Net Profit

$22.1M

Gross Margin

17.5%

Operating Margin

12.7%

Net Margin

5.9%

YoY Growth

10.1%

EPS

$0.15

Financial Flow

HELIX ENERGY SOLUTIONS GROUP INC Q3 2025 Financial Summary

HELIX ENERGY SOLUTIONS GROUP INC reported revenue of $377.0M for Q3 2025, with a net profit of $22.1M (5.9% margin). Cost of goods sold was $310.9M, operating expenses totaled $18.2M.

Key Financial Metrics

Total Revenue$377.0M
Net Profit$22.1M
Gross Margin17.5%
Operating Margin12.7%
Report PeriodQ3 2025

HELIX ENERGY SOLUTIONS GROUP INC Annual Revenue by Year

HELIX ENERGY SOLUTIONS GROUP INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.4B).

YearAnnual Revenue
2024$1.4B
2023$1.3B
2022$873.1M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$335.2M$296.2M$364.8M$342.4M$355.1M$278.1M$302.3M$377.0M
YoY Growth16.4%18.4%18.1%-13.5%6.0%-6.1%-17.1%10.1%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$2.56B$2.61B$2.60B$2.66B$2.60B$2.64B$2.67B$2.63B
Liabilities$1.06B$1.15B$1.10B$1.09B$1.08B$1.09B$1.10B$1.06B
Equity$1.50B$1.47B$1.50B$1.57B$1.52B$1.55B$1.57B$1.57B

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$94.7M$64.5M$-12.2M$55.7M$78.0M$16.4M$-17.1M$24.3M