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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
HELIX ENERGY SOLUTIONS GROUP INC is the larger business by last-quarter revenue ($287.9M vs $159.9M, roughly 1.8× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -4.7%, a 9.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -13.8%). HELIX ENERGY SOLUTIONS GROUP INC produced more free cash flow last quarter ($59.0M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -11.2%).
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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
HLX vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $287.9M | $159.9M |
| Net Profit | $-13.4M | $7.6M |
| Gross Margin | 3.1% | 11.3% |
| Operating Margin | — | 6.0% |
| Net Margin | -4.7% | 4.7% |
| Revenue YoY | -13.8% | 23.3% |
| Net Profit YoY | -262.1% | 602.4% |
| EPS (diluted) | $-0.09 | $0.39 |
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.
| Q1 26 | $287.9M | — | ||
| Q4 25 | $334.2M | $159.9M | ||
| Q3 25 | $377.0M | $177.4M | ||
| Q2 25 | $302.3M | $179.9M | ||
| Q1 25 | $278.1M | $160.7M | ||
| Q4 24 | $355.1M | $129.7M | ||
| Q3 24 | $342.4M | $134.3M | ||
| Q2 24 | $364.8M | $145.8M |
| Q1 26 | $-13.4M | — | ||
| Q4 25 | $8.3M | $7.6M | ||
| Q3 25 | $22.1M | $14.6M | ||
| Q2 25 | $-2.6M | $15.2M | ||
| Q1 25 | $3.1M | $10.2M | ||
| Q4 24 | $20.1M | $1.1M | ||
| Q3 24 | $29.5M | $4.7M | ||
| Q2 24 | $32.3M | $6.6M |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 15.2% | 11.3% | ||
| Q3 25 | 17.5% | 16.1% | ||
| Q2 25 | 4.9% | 17.1% | ||
| Q1 25 | 9.9% | 15.3% | ||
| Q4 24 | 16.6% | 7.3% | ||
| Q3 24 | 19.2% | 9.1% | ||
| Q2 24 | 20.7% | 10.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 6.0% | ||
| Q3 25 | 12.7% | 10.8% | ||
| Q2 25 | -1.0% | 11.0% | ||
| Q1 25 | 2.9% | 8.3% | ||
| Q4 24 | 8.7% | 1.1% | ||
| Q3 24 | 13.0% | 4.5% | ||
| Q2 24 | 14.6% | 6.0% |
| Q1 26 | -4.7% | — | ||
| Q4 25 | 2.5% | 4.7% | ||
| Q3 25 | 5.9% | 8.2% | ||
| Q2 25 | -0.9% | 8.4% | ||
| Q1 25 | 1.1% | 6.4% | ||
| Q4 24 | 5.7% | 0.8% | ||
| Q3 24 | 8.6% | 3.5% | ||
| Q2 24 | 8.9% | 4.5% |
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $0.06 | $0.39 | ||
| Q3 25 | $0.15 | $0.74 | ||
| Q2 25 | $-0.02 | $0.78 | ||
| Q1 25 | $0.02 | $0.52 | ||
| Q4 24 | $0.13 | $0.06 | ||
| Q3 24 | $0.19 | $0.24 | ||
| Q2 24 | $0.21 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $501.3M | $15.6M |
| Total DebtLower is stronger | $303.8M | — |
| Stockholders' EquityBook value | $1.6B | $358.8M |
| Total Assets | $2.6B | $456.1M |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $501.3M | — | ||
| Q4 25 | $445.2M | $15.6M | ||
| Q3 25 | $338.0M | $38.6M | ||
| Q2 25 | $319.7M | $53.7M | ||
| Q1 25 | $370.0M | $28.4M | ||
| Q4 24 | $368.0M | $36.0M | ||
| Q3 24 | $324.1M | $111.5M | ||
| Q2 24 | $275.1M | $97.7M |
| Q1 26 | $303.8M | — | ||
| Q4 25 | $308.0M | — | ||
| Q3 25 | $307.5M | — | ||
| Q2 25 | $311.6M | — | ||
| Q1 25 | $311.1M | — | ||
| Q4 24 | $315.2M | — | ||
| Q3 24 | $314.7M | — | ||
| Q2 24 | $318.6M | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $358.8M | ||
| Q3 25 | $1.6B | $371.5M | ||
| Q2 25 | $1.6B | $356.2M | ||
| Q1 25 | $1.5B | $341.4M | ||
| Q4 24 | $1.5B | $331.6M | ||
| Q3 24 | $1.6B | $350.9M | ||
| Q2 24 | $1.5B | $346.0M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $456.1M | ||
| Q3 25 | $2.6B | $462.6M | ||
| Q2 25 | $2.7B | $471.9M | ||
| Q1 25 | $2.6B | $421.9M | ||
| Q4 24 | $2.6B | $404.7M | ||
| Q3 24 | $2.7B | $422.6M | ||
| Q2 24 | $2.6B | $414.6M |
| Q1 26 | 0.20× | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $61.8M | $-701.0K |
| Free Cash FlowOCF − Capex | $59.0M | $-2.2M |
| FCF MarginFCF / Revenue | 20.5% | -1.4% |
| Capex IntensityCapex / Revenue | 1.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $167.4M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.8M | — | ||
| Q4 25 | $113.2M | $-701.0K | ||
| Q3 25 | $24.3M | $-17.0M | ||
| Q2 25 | $-17.1M | $28.5M | ||
| Q1 25 | $16.4M | $-3.3M | ||
| Q4 24 | $78.0M | $19.0M | ||
| Q3 24 | $55.7M | $16.2M | ||
| Q2 24 | $-12.2M | $18.8M |
| Q1 26 | $59.0M | — | ||
| Q4 25 | $107.5M | $-2.2M | ||
| Q3 25 | $22.6M | $-18.7M | ||
| Q2 25 | $-21.6M | $26.9M | ||
| Q1 25 | $12.0M | $-5.5M | ||
| Q4 24 | $65.5M | $16.3M | ||
| Q3 24 | $52.5M | $14.5M | ||
| Q2 24 | $-16.2M | $15.5M |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 32.2% | -1.4% | ||
| Q3 25 | 6.0% | -10.6% | ||
| Q2 25 | -7.1% | 15.0% | ||
| Q1 25 | 4.3% | -3.5% | ||
| Q4 24 | 18.4% | 12.6% | ||
| Q3 24 | 15.3% | 10.8% | ||
| Q2 24 | -4.4% | 10.7% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 1.5% | 0.9% | ||
| Q1 25 | 1.6% | 1.4% | ||
| Q4 24 | 3.5% | 2.1% | ||
| Q3 24 | 0.9% | 1.3% | ||
| Q2 24 | 1.1% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 13.68× | -0.09× | ||
| Q3 25 | 1.10× | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | 5.35× | -0.32× | ||
| Q4 24 | 3.88× | 17.56× | ||
| Q3 24 | 1.89× | 3.48× | ||
| Q2 24 | -0.38× | 2.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLX
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
