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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and STURM RUGER & CO INC (RGR). 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 $151.1M, roughly 1.9× STURM RUGER & CO INC). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs -13.8%). HELIX ENERGY SOLUTIONS GROUP INC produced more free cash flow last quarter ($59.0M vs $12.3M). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% 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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
HLX vs RGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $287.9M | $151.1M |
| Net Profit | $-13.4M | — |
| Gross Margin | 3.1% | 17.8% |
| Operating Margin | — | 2.3% |
| Net Margin | -4.7% | — |
| Revenue YoY | -13.8% | 3.6% |
| Net Profit YoY | -536.4% | — |
| EPS (diluted) | $-0.09 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $377.0M | $126.8M | ||
| Q2 25 | $302.3M | $132.5M | ||
| Q1 25 | $278.1M | $135.7M | ||
| Q4 24 | $355.1M | $145.8M | ||
| Q3 24 | $342.4M | $122.3M | ||
| Q2 24 | $364.8M | $130.8M |
| Q1 26 | $-13.4M | — | ||
| Q4 25 | $8.3M | — | ||
| Q3 25 | $22.1M | $1.6M | ||
| Q2 25 | $-2.6M | $-17.2M | ||
| Q1 25 | $3.1M | $7.8M | ||
| Q4 24 | $20.1M | — | ||
| Q3 24 | $29.5M | $4.7M | ||
| Q2 24 | $32.3M | $8.3M |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 15.2% | 17.8% | ||
| Q3 25 | 17.5% | 15.1% | ||
| Q2 25 | 4.9% | 3.9% | ||
| Q1 25 | 9.9% | 22.0% | ||
| Q4 24 | 16.6% | 22.8% | ||
| Q3 24 | 19.2% | 18.5% | ||
| Q2 24 | 20.7% | 22.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 2.3% | ||
| Q3 25 | 12.7% | -2.7% | ||
| Q2 25 | -1.0% | -15.6% | ||
| Q1 25 | 2.9% | 6.2% | ||
| Q4 24 | 8.7% | 7.8% | ||
| Q3 24 | 13.0% | 3.1% | ||
| Q2 24 | 14.6% | 6.9% |
| Q1 26 | -4.7% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 5.9% | 1.2% | ||
| Q2 25 | -0.9% | -13.0% | ||
| Q1 25 | 1.1% | 5.7% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 8.6% | 3.9% | ||
| Q2 24 | 8.9% | 6.3% |
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $0.06 | $0.22 | ||
| Q3 25 | $0.15 | $0.10 | ||
| Q2 25 | $-0.02 | $-1.05 | ||
| Q1 25 | $0.02 | $0.46 | ||
| Q4 24 | $0.13 | $0.62 | ||
| Q3 24 | $0.19 | $0.28 | ||
| Q2 24 | $0.21 | $0.47 |
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 | $92.5M |
| Total DebtLower is stronger | $303.8M | — |
| Stockholders' EquityBook value | $1.6B | $283.8M |
| Total Assets | $2.6B | $342.0M |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $501.3M | — | ||
| Q4 25 | $445.2M | $92.5M | ||
| Q3 25 | $338.0M | $80.8M | ||
| Q2 25 | $319.7M | $101.4M | ||
| Q1 25 | $370.0M | $108.3M | ||
| Q4 24 | $368.0M | $105.5M | ||
| Q3 24 | $324.1M | $96.0M | ||
| Q2 24 | $275.1M | $105.6M |
| 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 | $283.8M | ||
| Q3 25 | $1.6B | $279.6M | ||
| Q2 25 | $1.6B | $289.3M | ||
| Q1 25 | $1.5B | $321.5M | ||
| Q4 24 | $1.5B | $319.6M | ||
| Q3 24 | $1.6B | $314.9M | ||
| Q2 24 | $1.5B | $321.5M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $342.0M | ||
| Q3 25 | $2.6B | $342.3M | ||
| Q2 25 | $2.7B | $349.5M | ||
| Q1 25 | $2.6B | $379.0M | ||
| Q4 24 | $2.6B | $384.0M | ||
| Q3 24 | $2.7B | $373.5M | ||
| Q2 24 | $2.6B | $376.7M |
| 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 | $15.5M |
| Free Cash FlowOCF − Capex | $59.0M | $12.3M |
| FCF MarginFCF / Revenue | 20.5% | 8.2% |
| Capex IntensityCapex / Revenue | 1.0% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $167.4M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.8M | — | ||
| Q4 25 | $113.2M | $15.5M | ||
| Q3 25 | $24.3M | $12.9M | ||
| Q2 25 | $-17.1M | $14.7M | ||
| Q1 25 | $16.4M | $11.1M | ||
| Q4 24 | $78.0M | $20.0M | ||
| Q3 24 | $55.7M | $9.4M | ||
| Q2 24 | $-12.2M | $18.7M |
| Q1 26 | $59.0M | — | ||
| Q4 25 | $107.5M | $12.3M | ||
| Q3 25 | $22.6M | $7.0M | ||
| Q2 25 | $-21.6M | $9.1M | ||
| Q1 25 | $12.0M | $10.0M | ||
| Q4 24 | $65.5M | $16.4M | ||
| Q3 24 | $52.5M | $2.6M | ||
| Q2 24 | $-16.2M | $10.1M |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 32.2% | 8.2% | ||
| Q3 25 | 6.0% | 5.5% | ||
| Q2 25 | -7.1% | 6.9% | ||
| Q1 25 | 4.3% | 7.4% | ||
| Q4 24 | 18.4% | 11.2% | ||
| Q3 24 | 15.3% | 2.1% | ||
| Q2 24 | -4.4% | 7.7% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.7% | 2.1% | ||
| Q3 25 | 0.4% | 4.6% | ||
| Q2 25 | 1.5% | 4.2% | ||
| Q1 25 | 1.6% | 0.8% | ||
| Q4 24 | 3.5% | 2.5% | ||
| Q3 24 | 0.9% | 5.5% | ||
| Q2 24 | 1.1% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 13.68× | — | ||
| Q3 25 | 1.10× | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.35× | 1.43× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.89× | 1.98× | ||
| Q2 24 | -0.38× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLX
Segment breakdown not available.
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
