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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and ROGERS CORP (ROG). 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 $200.5M, roughly 1.4× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -4.7%, a 6.9% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -13.8%). HELIX ENERGY SOLUTIONS GROUP INC produced more free cash flow last quarter ($59.0M vs $1.1M). Over the past eight quarters, ROGERS CORP's revenue compounded faster (-3.3% 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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
HLX vs ROG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $287.9M | $200.5M |
| Net Profit | $-13.4M | $4.5M |
| Gross Margin | 3.1% | 32.2% |
| Operating Margin | — | — |
| Net Margin | -4.7% | 2.2% |
| Revenue YoY | -13.8% | 5.2% |
| Net Profit YoY | -536.4% | 421.4% |
| EPS (diluted) | $-0.09 | $0.25 |
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 | $200.5M | ||
| Q4 25 | $334.2M | $201.5M | ||
| Q3 25 | $377.0M | $216.0M | ||
| Q2 25 | $302.3M | $202.8M | ||
| Q1 25 | $278.1M | $190.5M | ||
| Q4 24 | $355.1M | $192.2M | ||
| Q3 24 | $342.4M | $210.3M | ||
| Q2 24 | $364.8M | $214.2M |
| Q1 26 | $-13.4M | $4.5M | ||
| Q4 25 | $8.3M | $4.6M | ||
| Q3 25 | $22.1M | $8.6M | ||
| Q2 25 | $-2.6M | $-73.6M | ||
| Q1 25 | $3.1M | $-1.4M | ||
| Q4 24 | $20.1M | $-500.0K | ||
| Q3 24 | $29.5M | $10.7M | ||
| Q2 24 | $32.3M | $8.1M |
| Q1 26 | 3.1% | 32.2% | ||
| Q4 25 | 15.2% | 31.5% | ||
| Q3 25 | 17.5% | 33.5% | ||
| Q2 25 | 4.9% | 31.6% | ||
| Q1 25 | 9.9% | 29.9% | ||
| Q4 24 | 16.6% | 32.1% | ||
| Q3 24 | 19.2% | 35.2% | ||
| Q2 24 | 20.7% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 3.5% | ||
| Q3 25 | 12.7% | 7.3% | ||
| Q2 25 | -1.0% | -33.3% | ||
| Q1 25 | 2.9% | -0.2% | ||
| Q4 24 | 8.7% | -6.6% | ||
| Q3 24 | 13.0% | 6.9% | ||
| Q2 24 | 14.6% | 5.3% |
| Q1 26 | -4.7% | 2.2% | ||
| Q4 25 | 2.5% | 2.3% | ||
| Q3 25 | 5.9% | 4.0% | ||
| Q2 25 | -0.9% | -36.3% | ||
| Q1 25 | 1.1% | -0.7% | ||
| Q4 24 | 5.7% | -0.3% | ||
| Q3 24 | 8.6% | 5.1% | ||
| Q2 24 | 8.9% | 3.8% |
| Q1 26 | $-0.09 | $0.25 | ||
| Q4 25 | $0.06 | $0.20 | ||
| Q3 25 | $0.15 | $0.48 | ||
| Q2 25 | $-0.02 | $-4.00 | ||
| Q1 25 | $0.02 | $-0.08 | ||
| Q4 24 | $0.13 | $-0.04 | ||
| Q3 24 | $0.19 | $0.58 | ||
| Q2 24 | $0.21 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $303.8M | — |
| Stockholders' EquityBook value | $1.6B | $1.2B |
| Total Assets | $2.6B | $1.4B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $501.3M | $195.8M | ||
| Q4 25 | $445.2M | $197.0M | ||
| Q3 25 | $338.0M | $167.8M | ||
| Q2 25 | $319.7M | $157.2M | ||
| Q1 25 | $370.0M | $175.6M | ||
| Q4 24 | $368.0M | $159.8M | ||
| Q3 24 | $324.1M | $146.4M | ||
| Q2 24 | $275.1M | $119.9M |
| 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 | $1.2B | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B |
| Q1 26 | $2.6B | $1.4B | ||
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.6B | $1.5B |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $59.0M | $1.1M |
| FCF MarginFCF / Revenue | 20.5% | 0.5% |
| Capex IntensityCapex / Revenue | 1.0% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $167.4M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.8M | $5.8M | ||
| Q4 25 | $113.2M | $46.9M | ||
| Q3 25 | $24.3M | $28.9M | ||
| Q2 25 | $-17.1M | $13.7M | ||
| Q1 25 | $16.4M | $11.7M | ||
| Q4 24 | $78.0M | $33.7M | ||
| Q3 24 | $55.7M | $42.4M | ||
| Q2 24 | $-12.2M | $22.9M |
| Q1 26 | $59.0M | $1.1M | ||
| Q4 25 | $107.5M | $42.2M | ||
| Q3 25 | $22.6M | $21.2M | ||
| Q2 25 | $-21.6M | $5.6M | ||
| Q1 25 | $12.0M | $2.1M | ||
| Q4 24 | $65.5M | $18.3M | ||
| Q3 24 | $52.5M | $25.2M | ||
| Q2 24 | $-16.2M | $8.8M |
| Q1 26 | 20.5% | 0.5% | ||
| Q4 25 | 32.2% | 20.9% | ||
| Q3 25 | 6.0% | 9.8% | ||
| Q2 25 | -7.1% | 2.8% | ||
| Q1 25 | 4.3% | 1.1% | ||
| Q4 24 | 18.4% | 9.5% | ||
| Q3 24 | 15.3% | 12.0% | ||
| Q2 24 | -4.4% | 4.1% |
| Q1 26 | 1.0% | 2.3% | ||
| Q4 25 | 1.7% | 2.3% | ||
| Q3 25 | 0.4% | 3.6% | ||
| Q2 25 | 1.5% | 4.0% | ||
| Q1 25 | 1.6% | 5.0% | ||
| Q4 24 | 3.5% | 8.0% | ||
| Q3 24 | 0.9% | 8.2% | ||
| Q2 24 | 1.1% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 13.68× | 10.20× | ||
| Q3 25 | 1.10× | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.35× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.89× | 3.96× | ||
| Q2 24 | -0.38× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
