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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.

Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $287.9M, roughly 1.2× HELIX ENERGY SOLUTIONS GROUP INC). HELIX ENERGY SOLUTIONS GROUP INC runs the higher net margin — -4.7% vs -6.6%, a 2.0% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs -13.8%). HELIX ENERGY SOLUTIONS GROUP INC produced more free cash flow last quarter ($59.0M vs $27.8M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.

Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.

HLX vs WEST — Head-to-Head

Bigger by revenue
WEST
WEST
1.2× larger
WEST
$339.5M
$287.9M
HLX
Growing faster (revenue YoY)
WEST
WEST
+62.1% gap
WEST
48.3%
-13.8%
HLX
Higher net margin
HLX
HLX
2.0% more per $
HLX
-4.7%
-6.6%
WEST
More free cash flow
HLX
HLX
$31.2M more FCF
HLX
$59.0M
$27.8M
WEST
Faster 2-yr revenue CAGR
WEST
WEST
Annualised
WEST
32.8%
-11.2%
HLX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HLX
HLX
WEST
WEST
Revenue
$287.9M
$339.5M
Net Profit
$-13.4M
$-22.6M
Gross Margin
3.1%
11.5%
Operating Margin
-2.6%
Net Margin
-4.7%
-6.6%
Revenue YoY
-13.8%
48.3%
Net Profit YoY
-536.4%
8.3%
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.

Revenue
HLX
HLX
WEST
WEST
Q1 26
$287.9M
Q4 25
$334.2M
$339.5M
Q3 25
$377.0M
$354.8M
Q2 25
$302.3M
$280.9M
Q1 25
$278.1M
$213.8M
Q4 24
$355.1M
$229.0M
Q3 24
$342.4M
$220.9M
Q2 24
$364.8M
$208.4M
Net Profit
HLX
HLX
WEST
WEST
Q1 26
$-13.4M
Q4 25
$8.3M
$-22.6M
Q3 25
$22.1M
$-19.1M
Q2 25
$-2.6M
$-21.6M
Q1 25
$3.1M
$-27.2M
Q4 24
$20.1M
$-24.6M
Q3 24
$29.5M
$-14.3M
Q2 24
$32.3M
$-17.8M
Gross Margin
HLX
HLX
WEST
WEST
Q1 26
3.1%
Q4 25
15.2%
11.5%
Q3 25
17.5%
11.7%
Q2 25
4.9%
14.7%
Q1 25
9.9%
13.6%
Q4 24
16.6%
16.6%
Q3 24
19.2%
16.8%
Q2 24
20.7%
19.9%
Operating Margin
HLX
HLX
WEST
WEST
Q1 26
Q4 25
3.7%
-2.6%
Q3 25
12.7%
-2.4%
Q2 25
-1.0%
-5.3%
Q1 25
2.9%
-6.1%
Q4 24
8.7%
-4.3%
Q3 24
13.0%
-5.8%
Q2 24
14.6%
-7.9%
Net Margin
HLX
HLX
WEST
WEST
Q1 26
-4.7%
Q4 25
2.5%
-6.6%
Q3 25
5.9%
-5.4%
Q2 25
-0.9%
-7.7%
Q1 25
1.1%
-12.7%
Q4 24
5.7%
-10.7%
Q3 24
8.6%
-6.5%
Q2 24
8.9%
-8.5%
EPS (diluted)
HLX
HLX
WEST
WEST
Q1 26
$-0.09
Q4 25
$0.06
$-0.22
Q3 25
$0.15
$-0.20
Q2 25
$-0.02
$-0.23
Q1 25
$0.02
$-0.29
Q4 24
$0.13
$-0.26
Q3 24
$0.19
$-0.16
Q2 24
$0.21
$-0.20

Balance Sheet & Financial Strength

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

Metric
HLX
HLX
WEST
WEST
Cash + ST InvestmentsLiquidity on hand
$501.3M
$49.9M
Total DebtLower is stronger
$303.8M
$444.1M
Stockholders' EquityBook value
$1.6B
$-1.9M
Total Assets
$2.6B
$1.2B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HLX
HLX
WEST
WEST
Q1 26
$501.3M
Q4 25
$445.2M
$49.9M
Q3 25
$338.0M
$34.0M
Q2 25
$319.7M
$44.0M
Q1 25
$370.0M
$33.1M
Q4 24
$368.0M
$26.2M
Q3 24
$324.1M
$22.4M
Q2 24
$275.1M
$24.3M
Total Debt
HLX
HLX
WEST
WEST
Q1 26
$303.8M
Q4 25
$308.0M
$444.1M
Q3 25
$307.5M
Q2 25
$311.6M
Q1 25
$311.1M
Q4 24
$315.2M
$393.1M
Q3 24
$314.7M
Q2 24
$318.6M
Stockholders' Equity
HLX
HLX
WEST
WEST
Q1 26
$1.6B
Q4 25
$1.6B
$-1.9M
Q3 25
$1.6B
$11.4M
Q2 25
$1.6B
$18.2M
Q1 25
$1.5B
$71.4M
Q4 24
$1.5B
$97.5M
Q3 24
$1.6B
$110.3M
Q2 24
$1.5B
$81.5M
Total Assets
HLX
HLX
WEST
WEST
Q1 26
$2.6B
Q4 25
$2.6B
$1.2B
Q3 25
$2.6B
$1.2B
Q2 25
$2.7B
$1.2B
Q1 25
$2.6B
$1.1B
Q4 24
$2.6B
$1.1B
Q3 24
$2.7B
$1.1B
Q2 24
$2.6B
$1.1B
Debt / Equity
HLX
HLX
WEST
WEST
Q1 26
0.20×
Q4 25
0.19×
Q3 25
0.20×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.21×
4.03×
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
WEST
WEST
Operating Cash FlowLast quarter
$61.8M
$36.7M
Free Cash FlowOCF − Capex
$59.0M
$27.8M
FCF MarginFCF / Revenue
20.5%
8.2%
Capex IntensityCapex / Revenue
1.0%
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$167.4M
$-107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HLX
HLX
WEST
WEST
Q1 26
$61.8M
Q4 25
$113.2M
$36.7M
Q3 25
$24.3M
$-26.6M
Q2 25
$-17.1M
$-7.0M
Q1 25
$16.4M
$-22.1M
Q4 24
$78.0M
$2.8M
Q3 24
$55.7M
$-332.0K
Q2 24
$-12.2M
$-23.7M
Free Cash Flow
HLX
HLX
WEST
WEST
Q1 26
$59.0M
Q4 25
$107.5M
$27.8M
Q3 25
$22.6M
$-44.7M
Q2 25
$-21.6M
$-27.5M
Q1 25
$12.0M
$-63.4M
Q4 24
$65.5M
$-15.4M
Q3 24
$52.5M
$-36.7M
Q2 24
$-16.2M
$-59.9M
FCF Margin
HLX
HLX
WEST
WEST
Q1 26
20.5%
Q4 25
32.2%
8.2%
Q3 25
6.0%
-12.6%
Q2 25
-7.1%
-9.8%
Q1 25
4.3%
-29.7%
Q4 24
18.4%
-6.7%
Q3 24
15.3%
-16.6%
Q2 24
-4.4%
-28.7%
Capex Intensity
HLX
HLX
WEST
WEST
Q1 26
1.0%
Q4 25
1.7%
2.6%
Q3 25
0.4%
5.1%
Q2 25
1.5%
7.3%
Q1 25
1.6%
19.3%
Q4 24
3.5%
7.9%
Q3 24
0.9%
16.5%
Q2 24
1.1%
17.4%
Cash Conversion
HLX
HLX
WEST
WEST
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.

Revenue Breakdown by Segment

HLX
HLX

Segment breakdown not available.

WEST
WEST

Coffee And Tea$202.6M60%
Flavors Extracts And Ingredients$69.6M21%
Sustainable Sourcing And Traceability Segments$66.9M20%

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