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Side-by-side financial comparison of HELIX ENERGY SOLUTIONS GROUP INC (HLX) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $287.9M, roughly 1.2× HELIX ENERGY SOLUTIONS GROUP INC). HELIX ENERGY SOLUTIONS GROUP INC runs the higher net margin — -4.7% vs -18.0%, a 13.3% gap on every dollar of revenue. On growth, HELIX ENERGY SOLUTIONS GROUP INC posted the faster year-over-year revenue change (-13.8% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $59.0M). Over the past eight quarters, WYNDHAM HOTELS & RESORTS, INC.'s revenue compounded faster (-4.6% 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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
HLX vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $287.9M | $334.0M |
| Net Profit | $-13.4M | $-60.0M |
| Gross Margin | 3.1% | — |
| Operating Margin | — | — |
| Net Margin | -4.7% | -18.0% |
| Revenue YoY | -13.8% | -76.3% |
| Net Profit YoY | -536.4% | -170.6% |
| EPS (diluted) | $-0.09 | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $334.2M | $334.0M | ||
| Q3 25 | $377.0M | $382.0M | ||
| Q2 25 | $302.3M | $397.0M | ||
| Q1 25 | $278.1M | $316.0M | ||
| Q4 24 | $355.1M | $336.0M | ||
| Q3 24 | $342.4M | $396.0M | ||
| Q2 24 | $364.8M | $367.0M |
| Q1 26 | $-13.4M | $-60.0M | ||
| Q4 25 | $8.3M | $-60.0M | ||
| Q3 25 | $22.1M | $105.0M | ||
| Q2 25 | $-2.6M | $87.0M | ||
| Q1 25 | $3.1M | $61.0M | ||
| Q4 24 | $20.1M | $85.0M | ||
| Q3 24 | $29.5M | $102.0M | ||
| Q2 24 | $32.3M | $86.0M |
| 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 | — | — | ||
| Q4 25 | 3.7% | -11.4% | ||
| Q3 25 | 12.7% | 46.6% | ||
| Q2 25 | -1.0% | 37.8% | ||
| Q1 25 | 2.9% | 35.4% | ||
| Q4 24 | 8.7% | 38.4% | ||
| Q3 24 | 13.0% | 43.2% | ||
| Q2 24 | 14.6% | 39.5% |
| Q1 26 | -4.7% | -18.0% | ||
| Q4 25 | 2.5% | -18.0% | ||
| Q3 25 | 5.9% | 27.5% | ||
| Q2 25 | -0.9% | 21.9% | ||
| Q1 25 | 1.1% | 19.3% | ||
| Q4 24 | 5.7% | 25.3% | ||
| Q3 24 | 8.6% | 25.8% | ||
| Q2 24 | 8.9% | 23.4% |
| Q1 26 | $-0.09 | $-0.80 | ||
| Q4 25 | $0.06 | $-0.77 | ||
| Q3 25 | $0.15 | $1.36 | ||
| Q2 25 | $-0.02 | $1.13 | ||
| Q1 25 | $0.02 | $0.78 | ||
| Q4 24 | $0.13 | $1.06 | ||
| Q3 24 | $0.19 | $1.29 | ||
| Q2 24 | $0.21 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $303.8M | — |
| Stockholders' EquityBook value | $1.6B | $468.0M |
| Total Assets | $2.6B | $4.2B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $501.3M | $64.0M | ||
| Q4 25 | $445.2M | $64.0M | ||
| Q3 25 | $338.0M | $70.0M | ||
| Q2 25 | $319.7M | $50.0M | ||
| Q1 25 | $370.0M | $48.0M | ||
| Q4 24 | $368.0M | $103.0M | ||
| Q3 24 | $324.1M | $72.0M | ||
| Q2 24 | $275.1M | $70.0M |
| Q1 26 | $303.8M | — | ||
| Q4 25 | $308.0M | $2.5B | ||
| Q3 25 | $307.5M | $2.6B | ||
| Q2 25 | $311.6M | $2.5B | ||
| Q1 25 | $311.1M | $2.5B | ||
| Q4 24 | $315.2M | $2.4B | ||
| Q3 24 | $314.7M | $2.4B | ||
| Q2 24 | $318.6M | $2.4B |
| Q1 26 | $1.6B | $468.0M | ||
| Q4 25 | $1.6B | $468.0M | ||
| Q3 25 | $1.6B | $583.0M | ||
| Q2 25 | $1.6B | $570.0M | ||
| Q1 25 | $1.5B | $579.0M | ||
| Q4 24 | $1.5B | $650.0M | ||
| Q3 24 | $1.6B | $583.0M | ||
| Q2 24 | $1.5B | $623.0M |
| Q1 26 | $2.6B | $4.2B | ||
| Q4 25 | $2.6B | $4.2B | ||
| Q3 25 | $2.6B | $4.3B | ||
| Q2 25 | $2.7B | $4.3B | ||
| Q1 25 | $2.6B | $4.2B | ||
| Q4 24 | $2.6B | $4.2B | ||
| Q3 24 | $2.7B | $4.2B | ||
| Q2 24 | $2.6B | $4.2B |
| Q1 26 | 0.20× | — | ||
| Q4 25 | 0.19× | 5.37× | ||
| Q3 25 | 0.20× | 4.43× | ||
| Q2 25 | 0.20× | 4.44× | ||
| Q1 25 | 0.20× | 4.29× | ||
| Q4 24 | 0.21× | 3.72× | ||
| Q3 24 | 0.20× | 4.19× | ||
| Q2 24 | 0.21× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $59.0M | $168.0M |
| FCF MarginFCF / Revenue | 20.5% | 50.3% |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $167.4M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.8M | $367.0M | ||
| Q4 25 | $113.2M | $152.0M | ||
| Q3 25 | $24.3M | $86.0M | ||
| Q2 25 | $-17.1M | $70.0M | ||
| Q1 25 | $16.4M | $59.0M | ||
| Q4 24 | $78.0M | $134.0M | ||
| Q3 24 | $55.7M | $79.0M | ||
| Q2 24 | $-12.2M | $1.0M |
| Q1 26 | $59.0M | $168.0M | ||
| Q4 25 | $107.5M | $136.0M | ||
| Q3 25 | $22.6M | $75.0M | ||
| Q2 25 | $-21.6M | $58.0M | ||
| Q1 25 | $12.0M | $52.0M | ||
| Q4 24 | $65.5M | $109.0M | ||
| Q3 24 | $52.5M | $71.0M | ||
| Q2 24 | $-16.2M | $-6.0M |
| Q1 26 | 20.5% | 50.3% | ||
| Q4 25 | 32.2% | 40.7% | ||
| Q3 25 | 6.0% | 19.6% | ||
| Q2 25 | -7.1% | 14.6% | ||
| Q1 25 | 4.3% | 16.5% | ||
| Q4 24 | 18.4% | 32.4% | ||
| Q3 24 | 15.3% | 17.9% | ||
| Q2 24 | -4.4% | -1.6% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.7% | 4.8% | ||
| Q3 25 | 0.4% | 2.9% | ||
| Q2 25 | 1.5% | 3.0% | ||
| Q1 25 | 1.6% | 2.2% | ||
| Q4 24 | 3.5% | 7.4% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 1.1% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 13.68× | — | ||
| Q3 25 | 1.10× | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | 5.35× | 0.97× | ||
| Q4 24 | 3.88× | 1.58× | ||
| Q3 24 | 1.89× | 0.77× | ||
| Q2 24 | -0.38× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLX
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
