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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). 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 $199.5M, roughly 1.4× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -4.7%, a 8.2% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -13.8%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% 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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
HLX vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $287.9M | $199.5M |
| Net Profit | $-13.4M | $7.1M |
| Gross Margin | 3.1% | — |
| Operating Margin | — | 7.7% |
| Net Margin | -4.7% | 3.6% |
| Revenue YoY | -13.8% | -4.1% |
| Net Profit YoY | -536.4% | -78.1% |
| EPS (diluted) | $-0.09 | $1.05 |
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 | $199.5M | ||
| Q4 25 | $334.2M | $208.0M | ||
| Q3 25 | $377.0M | $216.4M | ||
| Q2 25 | $302.3M | $210.5M | ||
| Q1 25 | $278.1M | $217.9M | ||
| Q4 24 | $355.1M | $233.5M | ||
| Q3 24 | $342.4M | $227.0M | ||
| Q2 24 | $364.8M | $224.4M |
| Q1 26 | $-13.4M | $7.1M | ||
| Q4 25 | $8.3M | $33.9M | ||
| Q3 25 | $22.1M | $31.3M | ||
| Q2 25 | $-2.6M | $42.7M | ||
| Q1 25 | $3.1M | $28.1M | ||
| Q4 24 | $20.1M | $39.5M | ||
| Q3 24 | $29.5M | $49.1M | ||
| Q2 24 | $32.3M | $26.0M |
| 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% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 3.7% | 19.1% | ||
| Q3 25 | 12.7% | 21.7% | ||
| Q2 25 | -1.0% | 21.5% | ||
| Q1 25 | 2.9% | 16.8% | ||
| Q4 24 | 8.7% | 21.7% | ||
| Q3 24 | 13.0% | 24.3% | ||
| Q2 24 | 14.6% | 19.7% |
| Q1 26 | -4.7% | 3.6% | ||
| Q4 25 | 2.5% | 16.3% | ||
| Q3 25 | 5.9% | 14.5% | ||
| Q2 25 | -0.9% | 20.3% | ||
| Q1 25 | 1.1% | 12.9% | ||
| Q4 24 | 5.7% | 16.9% | ||
| Q3 24 | 8.6% | 21.6% | ||
| Q2 24 | 8.9% | 11.6% |
| Q1 26 | $-0.09 | $1.05 | ||
| Q4 25 | $0.06 | $5.15 | ||
| Q3 25 | $0.15 | $4.65 | ||
| Q2 25 | $-0.02 | $6.12 | ||
| Q1 25 | $0.02 | $4.05 | ||
| Q4 24 | $0.13 | $4.65 | ||
| Q3 24 | $0.19 | $5.71 | ||
| Q2 24 | $0.21 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | $303.8M | — |
| Stockholders' EquityBook value | $1.6B | $93.6B |
| Total Assets | $2.6B | — |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $501.3M | $136.6M | ||
| 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 | — |
| Q1 26 | $303.8M | — | ||
| Q4 25 | $308.0M | $390.0M | ||
| Q3 25 | $307.5M | $390.6M | ||
| Q2 25 | $311.6M | $231.3M | ||
| Q1 25 | $311.1M | $231.7M | ||
| Q4 24 | $315.2M | $232.1M | ||
| Q3 24 | $314.7M | $237.5M | ||
| Q2 24 | $318.6M | $247.6M |
| Q1 26 | $1.6B | $93.6B | ||
| Q4 25 | $1.6B | $934.0M | ||
| Q3 25 | $1.6B | $918.7M | ||
| Q2 25 | $1.6B | $896.4M | ||
| Q1 25 | $1.5B | $893.7M | ||
| Q4 24 | $1.5B | $897.5M | ||
| Q3 24 | $1.6B | $889.0M | ||
| Q2 24 | $1.5B | $868.7M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $4.3B | ||
| Q3 25 | $2.6B | $3.9B | ||
| Q2 25 | $2.7B | $3.7B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.6B | $4.0B | ||
| Q3 24 | $2.7B | $3.6B | ||
| Q2 24 | $2.6B | $3.6B |
| Q1 26 | 0.20× | — | ||
| Q4 25 | 0.19× | 0.42× | ||
| Q3 25 | 0.20× | 0.43× | ||
| Q2 25 | 0.20× | 0.26× | ||
| Q1 25 | 0.20× | 0.26× | ||
| Q4 24 | 0.21× | 0.26× | ||
| Q3 24 | 0.20× | 0.27× | ||
| Q2 24 | 0.21× | 0.29× |
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 | — |
| Free Cash FlowOCF − Capex | $59.0M | — |
| FCF MarginFCF / Revenue | 20.5% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $167.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.8M | — | ||
| Q4 25 | $113.2M | $-67.2M | ||
| Q3 25 | $24.3M | $108.3M | ||
| Q2 25 | $-17.1M | $75.8M | ||
| Q1 25 | $16.4M | $-3.8M | ||
| Q4 24 | $78.0M | $1.8M | ||
| Q3 24 | $55.7M | $69.1M | ||
| Q2 24 | $-12.2M | $70.0M |
| Q1 26 | $59.0M | — | ||
| Q4 25 | $107.5M | $-74.1M | ||
| Q3 25 | $22.6M | $106.9M | ||
| Q2 25 | $-21.6M | $74.2M | ||
| Q1 25 | $12.0M | $-6.8M | ||
| Q4 24 | $65.5M | $-3.8M | ||
| Q3 24 | $52.5M | $68.7M | ||
| Q2 24 | $-16.2M | $68.6M |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 32.2% | -35.6% | ||
| Q3 25 | 6.0% | 49.4% | ||
| Q2 25 | -7.1% | 35.2% | ||
| Q1 25 | 4.3% | -3.1% | ||
| Q4 24 | 18.4% | -1.6% | ||
| Q3 24 | 15.3% | 30.3% | ||
| Q2 24 | -4.4% | 30.6% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.7% | 3.3% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 1.6% | 1.4% | ||
| Q4 24 | 3.5% | 2.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 1.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 13.68× | -1.99× | ||
| Q3 25 | 1.10× | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 5.35× | -0.13× | ||
| Q4 24 | 3.88× | 0.04× | ||
| Q3 24 | 1.89× | 1.41× | ||
| Q2 24 | -0.38× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLX
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
