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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and HELIX ENERGY SOLUTIONS GROUP INC (HLX). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $287.9M, roughly 1.3× HELIX ENERGY SOLUTIONS GROUP INC). HELIX ENERGY SOLUTIONS GROUP INC runs the higher net margin — -4.7% vs -5.6%, a 0.9% gap on every dollar of revenue. On growth, DIVERSIFIED HEALTHCARE TRUST posted the faster year-over-year revenue change (-0.0% vs -13.8%). HELIX ENERGY SOLUTIONS GROUP INC produced more free cash flow last quarter ($59.0M vs $-166.4M). Over the past eight quarters, DIVERSIFIED HEALTHCARE TRUST's revenue compounded faster (1.2% CAGR vs -11.2%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

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.

DHC vs HLX — Head-to-Head

Bigger by revenue
DHC
DHC
1.3× larger
DHC
$379.6M
$287.9M
HLX
Growing faster (revenue YoY)
DHC
DHC
+13.8% gap
DHC
-0.0%
-13.8%
HLX
Higher net margin
HLX
HLX
0.9% more per $
HLX
-4.7%
-5.6%
DHC
More free cash flow
HLX
HLX
$225.4M more FCF
HLX
$59.0M
$-166.4M
DHC
Faster 2-yr revenue CAGR
DHC
DHC
Annualised
DHC
1.2%
-11.2%
HLX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DHC
DHC
HLX
HLX
Revenue
$379.6M
$287.9M
Net Profit
$-21.2M
$-13.4M
Gross Margin
3.1%
Operating Margin
-12.6%
Net Margin
-5.6%
-4.7%
Revenue YoY
-0.0%
-13.8%
Net Profit YoY
75.7%
-536.4%
EPS (diluted)
$-0.09
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DHC
DHC
HLX
HLX
Q1 26
$287.9M
Q4 25
$379.6M
$334.2M
Q3 25
$388.7M
$377.0M
Q2 25
$382.7M
$302.3M
Q1 25
$386.9M
$278.1M
Q4 24
$379.6M
$355.1M
Q3 24
$373.6M
$342.4M
Q2 24
$371.4M
$364.8M
Net Profit
DHC
DHC
HLX
HLX
Q1 26
$-13.4M
Q4 25
$-21.2M
$8.3M
Q3 25
$-164.0M
$22.1M
Q2 25
$-91.6M
$-2.6M
Q1 25
$-9.0M
$3.1M
Q4 24
$-87.4M
$20.1M
Q3 24
$-98.7M
$29.5M
Q2 24
$-97.9M
$32.3M
Gross Margin
DHC
DHC
HLX
HLX
Q1 26
3.1%
Q4 25
15.2%
Q3 25
17.5%
Q2 25
4.9%
Q1 25
9.9%
Q4 24
16.6%
Q3 24
19.2%
Q2 24
20.7%
Operating Margin
DHC
DHC
HLX
HLX
Q1 26
Q4 25
-12.6%
3.7%
Q3 25
-43.4%
12.7%
Q2 25
-24.5%
-1.0%
Q1 25
-2.7%
2.9%
Q4 24
-26.1%
8.7%
Q3 24
-26.5%
13.0%
Q2 24
-23.0%
14.6%
Net Margin
DHC
DHC
HLX
HLX
Q1 26
-4.7%
Q4 25
-5.6%
2.5%
Q3 25
-42.2%
5.9%
Q2 25
-23.9%
-0.9%
Q1 25
-2.3%
1.1%
Q4 24
-23.0%
5.7%
Q3 24
-26.4%
8.6%
Q2 24
-26.3%
8.9%
EPS (diluted)
DHC
DHC
HLX
HLX
Q1 26
$-0.09
Q4 25
$-0.09
$0.06
Q3 25
$-0.68
$0.15
Q2 25
$-0.38
$-0.02
Q1 25
$-0.04
$0.02
Q4 24
$-0.37
$0.13
Q3 24
$-0.41
$0.19
Q2 24
$-0.41
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DHC
DHC
HLX
HLX
Cash + ST InvestmentsLiquidity on hand
$105.4M
$501.3M
Total DebtLower is stronger
$2.4B
$303.8M
Stockholders' EquityBook value
$1.7B
$1.6B
Total Assets
$4.4B
$2.6B
Debt / EquityLower = less leverage
1.47×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
HLX
HLX
Q1 26
$501.3M
Q4 25
$105.4M
$445.2M
Q3 25
$201.4M
$338.0M
Q2 25
$141.8M
$319.7M
Q1 25
$302.6M
$370.0M
Q4 24
$144.6M
$368.0M
Q3 24
$256.5M
$324.1M
Q2 24
$265.6M
$275.1M
Total Debt
DHC
DHC
HLX
HLX
Q1 26
$303.8M
Q4 25
$2.4B
$308.0M
Q3 25
$307.5M
Q2 25
$311.6M
Q1 25
$311.1M
Q4 24
$3.1B
$315.2M
Q3 24
$314.7M
Q2 24
$318.6M
Stockholders' Equity
DHC
DHC
HLX
HLX
Q1 26
$1.6B
Q4 25
$1.7B
$1.6B
Q3 25
$1.7B
$1.6B
Q2 25
$1.9B
$1.6B
Q1 25
$1.9B
$1.5B
Q4 24
$2.0B
$1.5B
Q3 24
$2.0B
$1.6B
Q2 24
$2.1B
$1.5B
Total Assets
DHC
DHC
HLX
HLX
Q1 26
$2.6B
Q4 25
$4.4B
$2.6B
Q3 25
$4.7B
$2.6B
Q2 25
$4.8B
$2.7B
Q1 25
$5.0B
$2.6B
Q4 24
$5.1B
$2.6B
Q3 24
$5.3B
$2.7B
Q2 24
$5.3B
$2.6B
Debt / Equity
DHC
DHC
HLX
HLX
Q1 26
0.20×
Q4 25
1.47×
0.19×
Q3 25
0.20×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
1.56×
0.21×
Q3 24
0.20×
Q2 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DHC
DHC
HLX
HLX
Operating Cash FlowLast quarter
$-19.6M
$61.8M
Free Cash FlowOCF − Capex
$-166.4M
$59.0M
FCF MarginFCF / Revenue
-43.8%
20.5%
Capex IntensityCapex / Revenue
38.7%
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$167.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
HLX
HLX
Q1 26
$61.8M
Q4 25
$-19.6M
$113.2M
Q3 25
$-49.3M
$24.3M
Q2 25
$53.0M
$-17.1M
Q1 25
$-3.2M
$16.4M
Q4 24
$112.2M
$78.0M
Q3 24
$21.1M
$55.7M
Q2 24
$44.3M
$-12.2M
Free Cash Flow
DHC
DHC
HLX
HLX
Q1 26
$59.0M
Q4 25
$-166.4M
$107.5M
Q3 25
$-89.8M
$22.6M
Q2 25
$18.8M
$-21.6M
Q1 25
$-42.9M
$12.0M
Q4 24
$-89.5M
$65.5M
Q3 24
$-26.1M
$52.5M
Q2 24
$3.3M
$-16.2M
FCF Margin
DHC
DHC
HLX
HLX
Q1 26
20.5%
Q4 25
-43.8%
32.2%
Q3 25
-23.1%
6.0%
Q2 25
4.9%
-7.1%
Q1 25
-11.1%
4.3%
Q4 24
-23.6%
18.4%
Q3 24
-7.0%
15.3%
Q2 24
0.9%
-4.4%
Capex Intensity
DHC
DHC
HLX
HLX
Q1 26
1.0%
Q4 25
38.7%
1.7%
Q3 25
10.4%
0.4%
Q2 25
8.9%
1.5%
Q1 25
10.2%
1.6%
Q4 24
53.1%
3.5%
Q3 24
12.6%
0.9%
Q2 24
11.0%
1.1%
Cash Conversion
DHC
DHC
HLX
HLX
Q1 26
Q4 25
13.68×
Q3 25
1.10×
Q2 25
Q1 25
5.35×
Q4 24
3.88×
Q3 24
1.89×
Q2 24
-0.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

HLX
HLX

Segment breakdown not available.

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