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HELIX ENERGY SOLUTIONS GROUP INC（HLX）与WaterBridge Infrastructure LLC（WBI）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WaterBridge Infrastructure LLC的2.3倍（$287.9M vs $123.3M）。WaterBridge Infrastructure LLC净利率更高（-0.5% vs -4.7%，领先4.1%）。HELIX ENERGY SOLUTIONS GROUP INC自由现金流更多（$59.0M vs $-117.8M）
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。
水桥基础设施（WaterBridge Infrastructure LLC）隶属于全球基础设施伙伴集团（GIP）。GIP是美国知名基础设施投资基金，在全球开展股权及优质债权投资业务，总部设于纽约，投资覆盖能源、交通、给排水与固废处理等领域的基础设施资产，在伦敦、悉尼、新加坡等全球多个城市设有办事处，拥有约150名投资及运营专业人员。
HLX vs WBI — 直观对比
营收规模更大
HLX
是对方的2.3倍
$123.3M
净利率更高
WBI
高出4.1%
-4.7%
自由现金流更多
HLX
多$176.8M
$-117.8M
损益表 — Q1 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $287.9M | $123.3M |
| 净利润 | $-13.4M | $-667.0K |
| 毛利率 | 3.1% | 28.4% |
| 营业利润率 | — | 19.2% |
| 净利率 | -4.7% | -0.5% |
| 营收同比 | -13.8% | — |
| 净利润同比 | -262.1% | — |
| 每股收益（稀释后） | $-0.09 | $-0.02 |
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HLXWBI
| Q1 26 | $287.9M | — | ||
| Q4 25 | $334.2M | — | ||
| Q3 25 | $377.0M | $123.3M | ||
| Q2 25 | $302.3M | — | ||
| Q1 25 | $278.1M | — | ||
| Q4 24 | $355.1M | — | ||
| Q3 24 | $342.4M | — | ||
| Q2 24 | $364.8M | — |
净利润HLXWBI
| Q1 26 | $-13.4M | — | ||
| Q4 25 | $8.3M | — | ||
| Q3 25 | $22.1M | $-667.0K | ||
| Q2 25 | $-2.6M | — | ||
| Q1 25 | $3.1M | — | ||
| Q4 24 | $20.1M | — | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $32.3M | — |
毛利率HLXWBI
| Q1 26 | 3.1% | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | 17.5% | 28.4% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 20.7% | — |
营业利润率HLXWBI
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 12.7% | 19.2% | ||
| Q2 25 | -1.0% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 13.0% | — | ||
| Q2 24 | 14.6% | — |
净利率HLXWBI
| Q1 26 | -4.7% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 5.9% | -0.5% | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | 8.9% | — |
每股收益（稀释后）HLXWBI
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.15 | $-0.02 | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $0.02 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.21 | — |
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 | $346.6M |
| 总债务越低越好 | $303.8M | — |
| 股东权益账面价值 | $1.6B | $607.7M |
| 总资产 | $2.6B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资HLXWBI
| Q1 26 | $501.3M | — | ||
| Q4 25 | $445.2M | — | ||
| Q3 25 | $338.0M | $346.6M | ||
| Q2 25 | $319.7M | — | ||
| Q1 25 | $370.0M | — | ||
| Q4 24 | $368.0M | — | ||
| Q3 24 | $324.1M | — | ||
| Q2 24 | $275.1M | — |
总债务HLXWBI
| 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 | — |
股东权益HLXWBI
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $607.7M | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — |
总资产HLXWBI
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | $3.9B | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.6B | — |
负债/权益比HLXWBI
| 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× | — |
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 | $71.5M |
| 自由现金流经营现金流 - 资本支出 | $59.0M | $-117.8M |
| 自由现金流率自由现金流/营收 | 20.5% | -95.6% |
| 资本支出强度资本支出/营收 | 1.0% | 153.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $167.4M | — |
8季度趋势，按日历期对齐
经营现金流HLXWBI
| Q1 26 | $61.8M | — | ||
| Q4 25 | $113.2M | — | ||
| Q3 25 | $24.3M | $71.5M | ||
| Q2 25 | $-17.1M | — | ||
| Q1 25 | $16.4M | — | ||
| Q4 24 | $78.0M | — | ||
| Q3 24 | $55.7M | — | ||
| Q2 24 | $-12.2M | — |
自由现金流HLXWBI
| Q1 26 | $59.0M | — | ||
| Q4 25 | $107.5M | — | ||
| Q3 25 | $22.6M | $-117.8M | ||
| Q2 25 | $-21.6M | — | ||
| Q1 25 | $12.0M | — | ||
| Q4 24 | $65.5M | — | ||
| Q3 24 | $52.5M | — | ||
| Q2 24 | $-16.2M | — |
自由现金流率HLXWBI
| Q1 26 | 20.5% | — | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 6.0% | -95.6% | ||
| Q2 25 | -7.1% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 18.4% | — | ||
| Q3 24 | 15.3% | — | ||
| Q2 24 | -4.4% | — |
资本支出强度HLXWBI
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 0.4% | 153.6% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.1% | — |
现金转化率HLXWBI
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HLX
暂无分部数据
WBI
| Produced Water Handling Revenues Excluding Skim Oil | $102.3M | 83% |
| Water Bridge Equity Finance Limited Liability Company | $12.0M | 10% |
| Skim Oil | $9.1M | 7% |
| Desert Environmental Limited Liability Company | $1.2M | 1% |
