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HELIX ENERGY SOLUTIONS GROUP INC（HLX）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
HELIX ENERGY SOLUTIONS GROUP INC的季度营收约是REPLIGEN CORP的1.5倍（$287.9M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs -4.7%，领先11.4%），REPLIGEN CORP同比增速更快（13.6% vs -13.8%），HELIX ENERGY SOLUTIONS GROUP INC自由现金流更多（$59.0M vs $17.6M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs -11.2%）
Helix Energy Solutions是总部位于美国得克萨斯州休斯顿的油气服务企业，2006年前名为Cal Dive International。该企业是全球离岸油气服务供应商，为新建及在产油气田提供油井干预作业以及遥控潜水器作业服务。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
HLX vs RGEN — 直观对比
营收规模更大
HLX
是对方的1.5倍
$197.9M
营收增速更快
RGEN
高出27.5%
-13.8%
净利率更高
RGEN
高出11.4%
-4.7%
自由现金流更多
HLX
多$41.4M
$17.6M
两年增速更快
RGEN
近两年复合增速
-11.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $287.9M | $197.9M |
| 净利润 | $-13.4M | $13.3M |
| 毛利率 | 3.1% | 52.5% |
| 营业利润率 | — | 9.0% |
| 净利率 | -4.7% | 6.7% |
| 营收同比 | -13.8% | 13.6% |
| 净利润同比 | -536.4% | 143.9% |
| 每股收益（稀释后） | $-0.09 | $0.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HLXRGEN
| Q1 26 | $287.9M | — | ||
| Q4 25 | $334.2M | $197.9M | ||
| Q3 25 | $377.0M | $188.8M | ||
| Q2 25 | $302.3M | $182.4M | ||
| Q1 25 | $278.1M | $169.2M | ||
| Q4 24 | $355.1M | $174.1M | ||
| Q3 24 | $342.4M | $154.9M | ||
| Q2 24 | $364.8M | $154.1M |
净利润HLXRGEN
| Q1 26 | $-13.4M | — | ||
| Q4 25 | $8.3M | $13.3M | ||
| Q3 25 | $22.1M | $14.9M | ||
| Q2 25 | $-2.6M | $14.9M | ||
| Q1 25 | $3.1M | $5.8M | ||
| Q4 24 | $20.1M | $-30.3M | ||
| Q3 24 | $29.5M | $-654.0K | ||
| Q2 24 | $32.3M | $3.3M |
毛利率HLXRGEN
| Q1 26 | 3.1% | — | ||
| Q4 25 | 15.2% | 52.5% | ||
| Q3 25 | 17.5% | 53.2% | ||
| Q2 25 | 4.9% | 50.0% | ||
| Q1 25 | 9.9% | 53.6% | ||
| Q4 24 | 16.6% | 26.1% | ||
| Q3 24 | 19.2% | 50.0% | ||
| Q2 24 | 20.7% | 49.8% |
营业利润率HLXRGEN
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 9.0% | ||
| Q3 25 | 12.7% | 8.9% | ||
| Q2 25 | -1.0% | 7.6% | ||
| Q1 25 | 2.9% | 3.9% | ||
| Q4 24 | 8.7% | -17.7% | ||
| Q3 24 | 13.0% | -5.1% | ||
| Q2 24 | 14.6% | 1.0% |
净利率HLXRGEN
| Q1 26 | -4.7% | — | ||
| Q4 25 | 2.5% | 6.7% | ||
| Q3 25 | 5.9% | 7.9% | ||
| Q2 25 | -0.9% | 8.2% | ||
| Q1 25 | 1.1% | 3.4% | ||
| Q4 24 | 5.7% | -17.4% | ||
| Q3 24 | 8.6% | -0.4% | ||
| Q2 24 | 8.9% | 2.2% |
每股收益（稀释后）HLXRGEN
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $0.06 | $0.24 | ||
| Q3 25 | $0.15 | $0.26 | ||
| Q2 25 | $-0.02 | $0.26 | ||
| Q1 25 | $0.02 | $0.10 | ||
| Q4 24 | $0.13 | $-0.55 | ||
| Q3 24 | $0.19 | $-0.01 | ||
| Q2 24 | $0.21 | $0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $501.3M | $767.6M |
| 总债务越低越好 | $303.8M | $542.2M |
| 股东权益账面价值 | $1.6B | $2.1B |
| 总资产 | $2.6B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资HLXRGEN
| Q1 26 | $501.3M | — | ||
| Q4 25 | $445.2M | $767.6M | ||
| Q3 25 | $338.0M | $748.7M | ||
| Q2 25 | $319.7M | $708.9M | ||
| Q1 25 | $370.0M | $697.2M | ||
| Q4 24 | $368.0M | $757.4M | ||
| Q3 24 | $324.1M | $784.0M | ||
| Q2 24 | $275.1M | $809.1M |
总债务HLXRGEN
| Q1 26 | $303.8M | — | ||
| Q4 25 | $308.0M | $542.2M | ||
| Q3 25 | $307.5M | $537.9M | ||
| Q2 25 | $311.6M | — | ||
| Q1 25 | $311.1M | — | ||
| Q4 24 | $315.2M | $525.6M | ||
| Q3 24 | $314.7M | — | ||
| Q2 24 | $318.6M | — |
股东权益HLXRGEN
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.5B | $2.0B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B |
总资产HLXRGEN
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $2.9B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.6B | $2.8B | ||
| Q3 24 | $2.7B | $2.8B | ||
| Q2 24 | $2.6B | $2.9B |
负债/权益比HLXRGEN
| Q1 26 | 0.20× | — | ||
| Q4 25 | 0.19× | 0.26× | ||
| Q3 25 | 0.20× | 0.26× | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.21× | 0.27× | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.21× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $61.8M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $59.0M | $17.6M |
| 自由现金流率自由现金流/营收 | 20.5% | 8.9% |
| 资本支出强度资本支出/营收 | 1.0% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $167.4M | $93.9M |
8季度趋势，按日历期对齐
经营现金流HLXRGEN
| Q1 26 | $61.8M | — | ||
| Q4 25 | $113.2M | $25.7M | ||
| Q3 25 | $24.3M | $48.1M | ||
| Q2 25 | $-17.1M | $28.6M | ||
| Q1 25 | $16.4M | $15.0M | ||
| Q4 24 | $78.0M | $39.2M | ||
| Q3 24 | $55.7M | $49.3M | ||
| Q2 24 | $-12.2M | $42.2M |
自由现金流HLXRGEN
| Q1 26 | $59.0M | — | ||
| Q4 25 | $107.5M | $17.6M | ||
| Q3 25 | $22.6M | $43.4M | ||
| Q2 25 | $-21.6M | $21.5M | ||
| Q1 25 | $12.0M | $11.4M | ||
| Q4 24 | $65.5M | $33.6M | ||
| Q3 24 | $52.5M | $42.3M | ||
| Q2 24 | $-16.2M | $37.4M |
自由现金流率HLXRGEN
| Q1 26 | 20.5% | — | ||
| Q4 25 | 32.2% | 8.9% | ||
| Q3 25 | 6.0% | 23.0% | ||
| Q2 25 | -7.1% | 11.8% | ||
| Q1 25 | 4.3% | 6.8% | ||
| Q4 24 | 18.4% | 19.3% | ||
| Q3 24 | 15.3% | 27.3% | ||
| Q2 24 | -4.4% | 24.3% |
资本支出强度HLXRGEN
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.7% | 4.1% | ||
| Q3 25 | 0.4% | 2.5% | ||
| Q2 25 | 1.5% | 3.9% | ||
| Q1 25 | 1.6% | 2.1% | ||
| Q4 24 | 3.5% | 3.2% | ||
| Q3 24 | 0.9% | 4.5% | ||
| Q2 24 | 1.1% | 3.1% |
现金转化率HLXRGEN
| Q1 26 | — | — | ||
| Q4 25 | 13.68× | 1.93× | ||
| Q3 25 | 1.10× | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 5.35× | 2.57× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | -0.38× | 12.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
