Helix Energy (HLX) AI Stock Analysis

• Market Cap: $954.56M
• Dividend Yield: N/A
• Average Volume (3M): 1.49M
• Price to Earnings (P/E): 23.0
• Beta (1Y): 1.03
• Revenue Growth: -1.95%
• EPS Growth: 530.91%
• Country: US
• Employees: 2,313
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.15
• Shares Outstanding: 147,080,920
• 10 Day Avg. Volume: 1,695,934
• 30 Day Avg. Volume: 1,489,086
• PEG Ratio: -0.04
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 1.04
• P/FCF Ratio: 8.71
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 0.95
• Enterprise Value/Gross Profit: 7.49
• Enterprise Value/Ebitda: 5.52
• 1Y Price Target: $12.00
• Price Target Upside: 85.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.19
• Revenue Forecast (FY): $1.24B

• Rating: 71 Outperform
• Price Target: $7.50 ▲(15.92% Upside)

Helix Energy's overall stock score reflects a combination of stable financial performance, positive technical indicators, and strong earnings call highlights. While the company faces profitability and liquidity challenges, its robust balance sheet and cash flow, along with positive market momentum, contribute to a favorable outlook.

Positive Factors

Strong Performance in Robotics

The strong performance in the Robotics segment indicates a robust demand for subsea services, which is crucial for Helix's long-term growth and diversification beyond traditional oil and gas services.

Long-Term Contracts

Securing long-term contracts ensures stable revenue streams and strengthens Helix's market position, providing a buffer against market volatility and enhancing financial predictability.

Positive Cash Flow and Liquidity

Positive cash flow and strong liquidity position enhance Helix's ability to invest in growth opportunities and manage debt, supporting long-term financial health and operational resilience.

Negative Factors

Declining Profit Margins

The decline in profit margins suggests cost pressures that could hinder profitability. Sustained margin contraction may impact Helix's ability to invest in growth and maintain competitive pricing.

Challenges in Key Markets

Challenges in key markets like the Gulf of America and the U.K. North Sea could limit revenue growth and strain operational efficiency, affecting Helix's market competitiveness and profitability.

Seasonal and Cost Pressures

Seasonal impacts and rising costs can lead to operational inefficiencies and reduced margins, potentially affecting Helix's ability to maintain consistent financial performance throughout the year.

Helix Energy Business Overview & Revenue Model

Company Description

Helix Energy Solutions Group, Inc. (HLX) is a leading provider of specialty services to the offshore energy industry, primarily focused on the oil and gas sector. The company operates through two main segments: Well Intervention and Robotics. Helix provides a range of services including subsea construction, well intervention, and remotely operated vehicle (ROV) services, as well as decommissioning and environmental services. With a fleet of advanced vessels and equipment, Helix caters to the needs of its clients throughout the lifecycle of offshore wells.

How the Company Makes Money

Helix Energy generates revenue primarily through its Well Intervention and Robotics services. The company's Well Intervention segment offers various solutions that enhance oil and gas production, including well access, well maintenance, and decommissioning services. These services are often contracted on a project basis or through long-term agreements with major oil companies. The Robotics segment contributes to revenue through the provision of ROV services for inspection, maintenance, and construction tasks in offshore environments. Additionally, Helix benefits from partnerships with other major players in the energy sector, which can lead to joint ventures and collaborative projects. Overall, the company's earnings are influenced by the demand for offshore energy services, oil prices, and the overall health of the oil and gas industry.

Helix Energy Financial Statement Overview

Summary

Helix Energy demonstrates a stable revenue growth trajectory with manageable leverage and a strong equity position. However, declining profit margins and cash flow challenges highlight potential risks in maintaining profitability and liquidity. The company needs to focus on improving operational efficiency and cash flow generation to sustain its financial health.

Income Statement

Helix Energy's income statement shows a modest revenue growth rate of 2.7% TTM, indicating a stable upward trajectory. However, the gross profit margin has decreased from 16.16% in 2024 to 12.75% TTM, reflecting increased cost pressures. The net profit margin also declined to 3.25% TTM from 4.10% in 2024, suggesting reduced profitability. EBIT and EBITDA margins have similarly contracted, indicating challenges in maintaining operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.40 TTM, showing manageable leverage. The equity ratio remains strong, and the return on equity is positive at 2.75% TTM, although it has decreased from 3.66% in 2024. Overall, the company maintains a solid equity base, but the declining ROE indicates potential challenges in generating returns.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 27.65% TTM, indicating potential liquidity challenges. The operating cash flow to net income ratio is 0.32 TTM, suggesting limited cash generation relative to net income. The free cash flow to net income ratio remains strong at 0.77 TTM, but the negative growth trend raises concerns about future cash flow sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.31B	1.36B	1.29B	873.10M	674.73M	733.55M
Gross Profit	167.36M	219.56M	200.36M	50.62M	15.39M	79.91M
EBITDA	226.99M	253.17M	192.99M	87.68M	94.36M	164.45M
Net Income	42.68M	55.64M	-10.84M	-87.78M	-61.68M	22.17M
Balance Sheet
Total Assets	2.63B	2.60B	2.56B	2.39B	2.33B	2.50B
Cash, Cash Equivalents and Short-Term Investments	338.03M	368.03M	332.19M	186.60M	253.51M	291.32M
Total Debt	622.46M	661.12M	540.57M	469.68M	410.95M	502.17M
Total Liabilities	1.06B	1.08B	1.06B	872.63M	678.56M	757.78M
Stockholders Equity	1.57B	1.52B	1.50B	1.52B	1.65B	1.74B
Cash Flow
Free Cash Flow	78.39M	162.72M	132.87M	17.60M	131.79M	78.56M
Operating Cash Flow	101.56M	186.03M	152.46M	51.11M	140.12M	98.80M
Investing Cash Flow	-23.17M	-22.84M	-18.66M	-138.29M	-8.27M	-19.28M
Financing Cash Flow	-64.66M	-125.31M	25.11M	-44.84M	-96.00M	-52.58M

Helix Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.47
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLX, the sentiment is Negative. The current price of 6.47 is below the 20-day moving average (MA) of 6.60, below the 50-day MA of 6.53, and below the 200-day MA of 6.88, indicating a bearish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 9.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HLX.

Helix Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTI	81 Outperform	$936.23M	7.62	53.71%	―	0.17%	7307.20%
NESR	79 Outperform	$1.20B	16.34	8.17%	―	―	―
OII	73 Outperform	$2.26B	9.92	28.92%	―	8.71%	72.09%
HLX	71 Outperform	$954.56M	22.98	2.71%	―	-1.95%	530.91%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RES	63 Neutral	$1.21B	24.94	4.31%	3.08%	4.20%	-59.96%
MRC	45 Neutral	$1.17B	―	0.28%	―	-10.96%	-169.10%

Helix Energy Corporate Events

Helix Energy Solutions’ Earnings Call: Record Results & Future Outlook

Helix Energy Solutions Reports Record-High Quarterly Results Amid Mixed Sentiment

Helix Energy Solutions Reports Strong Q3 2025 Results

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company specializing in well intervention, robotics, and decommissioning operations, supporting the global energy transition by maximizing production of existing oil and gas reserves and supporting renewable energy developments.

Helix Energy Reports Strong Q3 2025 Earnings

Helix Energy Solutions Group reported a net income of $22.1 million for the third quarter of 2025, a significant improvement from a net loss in the previous quarter. The company achieved its highest quarterly EBITDA since 2014, driven by strong performance in its robotics segment and increased activity in shallow water operations. Despite challenges such as idle time for some of its assets, Helix has raised its full-year EBITDA guidance and anticipates strong free cash flow, reflecting its resilience and the confidence of its customers.

The most recent analyst rating on (HLX) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Helix Energy stock, see the HLX Stock Forecast page.