Niche: Floating Offshore WindA clear strategic focus on floating offshore wind positions Hexicon in a structurally growing segment where nearshore sites are limited. Specialized expertise in floating solutions supports project origination and developer partnerships, offering a durable competitive edge as demand for deepwater sites rises.
Diversified Development MonetizationHexicon’s model captures value across development stages via asset sales, fees and milestone payments. This mix reduces reliance on a single exit, enables steady fee income as projects advance, and lets the firm retain upside through equity stakes — a resilient structure during multi-stage project cycles.
Project-level Gross MarginA positive TTM gross margin indicates project economics can cover direct construction and development costs. While operating expenses are high, this underlying margin suggests viable unit economics that, with scale or tighter overhead control, could translate into improved profitability over the medium term.