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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and Vroom, Inc. (VRM). 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 $235.9M, roughly 1.2× Vroom, Inc.). HELIX ENERGY SOLUTIONS GROUP INC runs the higher net margin — -4.7% vs -59.8%, a 55.2% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs -13.8%). HELIX ENERGY SOLUTIONS GROUP INC produced more free cash flow last quarter ($59.0M vs $-108.8M). Over the past eight quarters, HELIX ENERGY SOLUTIONS GROUP INC's revenue compounded faster (-11.2% CAGR vs -49.5%).

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.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

HLX vs VRM — Head-to-Head

Bigger by revenue
HLX
HLX
1.2× larger
HLX
$287.9M
$235.9M
VRM
Growing faster (revenue YoY)
VRM
VRM
+26.8% gap
VRM
12.9%
-13.8%
HLX
Higher net margin
HLX
HLX
55.2% more per $
HLX
-4.7%
-59.8%
VRM
More free cash flow
HLX
HLX
$167.7M more FCF
HLX
$59.0M
$-108.8M
VRM
Faster 2-yr revenue CAGR
HLX
HLX
Annualised
HLX
-11.2%
-49.5%
VRM

Income Statement — Q1 FY2026 vs Q4 FY2023

Metric
HLX
HLX
VRM
VRM
Revenue
$287.9M
$235.9M
Net Profit
$-13.4M
$-141.1M
Gross Margin
3.1%
12.3%
Operating Margin
-11.5%
Net Margin
-4.7%
-59.8%
Revenue YoY
-13.8%
12.9%
Net Profit YoY
-536.4%
-669.8%
EPS (diluted)
$-0.09
$-80.66

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
HLX
HLX
VRM
VRM
Q1 26
$287.9M
Q4 25
$334.2M
Q3 25
$377.0M
Q2 25
$302.3M
Q1 25
$278.1M
Q4 24
$355.1M
Q3 24
$342.4M
Q2 24
$364.8M
Net Profit
HLX
HLX
VRM
VRM
Q1 26
$-13.4M
Q4 25
$8.3M
Q3 25
$22.1M
Q2 25
$-2.6M
Q1 25
$3.1M
Q4 24
$20.1M
Q3 24
$29.5M
Q2 24
$32.3M
Gross Margin
HLX
HLX
VRM
VRM
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
HLX
HLX
VRM
VRM
Q1 26
Q4 25
3.7%
Q3 25
12.7%
Q2 25
-1.0%
Q1 25
2.9%
Q4 24
8.7%
Q3 24
13.0%
Q2 24
14.6%
Net Margin
HLX
HLX
VRM
VRM
Q1 26
-4.7%
Q4 25
2.5%
Q3 25
5.9%
Q2 25
-0.9%
Q1 25
1.1%
Q4 24
5.7%
Q3 24
8.6%
Q2 24
8.9%
EPS (diluted)
HLX
HLX
VRM
VRM
Q1 26
$-0.09
Q4 25
$0.06
Q3 25
$0.15
Q2 25
$-0.02
Q1 25
$0.02
Q4 24
$0.13
Q3 24
$0.19
Q2 24
$0.21

Balance Sheet & Financial Strength

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

Metric
HLX
HLX
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$501.3M
$135.6M
Total DebtLower is stronger
$303.8M
$454.2M
Stockholders' EquityBook value
$1.6B
$127.7M
Total Assets
$2.6B
$1.5B
Debt / EquityLower = less leverage
0.20×
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HLX
HLX
VRM
VRM
Q1 26
$501.3M
Q4 25
$445.2M
Q3 25
$338.0M
Q2 25
$319.7M
Q1 25
$370.0M
Q4 24
$368.0M
Q3 24
$324.1M
Q2 24
$275.1M
Total Debt
HLX
HLX
VRM
VRM
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
Stockholders' Equity
HLX
HLX
VRM
VRM
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.5B
Total Assets
HLX
HLX
VRM
VRM
Q1 26
$2.6B
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.7B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$2.6B
Debt / Equity
HLX
HLX
VRM
VRM
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
HLX
HLX
VRM
VRM
Operating Cash FlowLast quarter
$61.8M
$-108.1M
Free Cash FlowOCF − Capex
$59.0M
$-108.8M
FCF MarginFCF / Revenue
20.5%
-46.1%
Capex IntensityCapex / Revenue
1.0%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$167.4M
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HLX
HLX
VRM
VRM
Q1 26
$61.8M
Q4 25
$113.2M
Q3 25
$24.3M
Q2 25
$-17.1M
Q1 25
$16.4M
Q4 24
$78.0M
Q3 24
$55.7M
Q2 24
$-12.2M
Free Cash Flow
HLX
HLX
VRM
VRM
Q1 26
$59.0M
Q4 25
$107.5M
Q3 25
$22.6M
Q2 25
$-21.6M
Q1 25
$12.0M
Q4 24
$65.5M
Q3 24
$52.5M
Q2 24
$-16.2M
FCF Margin
HLX
HLX
VRM
VRM
Q1 26
20.5%
Q4 25
32.2%
Q3 25
6.0%
Q2 25
-7.1%
Q1 25
4.3%
Q4 24
18.4%
Q3 24
15.3%
Q2 24
-4.4%
Capex Intensity
HLX
HLX
VRM
VRM
Q1 26
1.0%
Q4 25
1.7%
Q3 25
0.4%
Q2 25
1.5%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
0.9%
Q2 24
1.1%
Cash Conversion
HLX
HLX
VRM
VRM
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.

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