Helix Energy (HLX) AI Stock Analysis

• Market Cap: $1.04B
• Dividend Yield: N/A
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): 24.7
• Beta (1Y): 1.07
• 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: 1,207,596
• 30 Day Avg. Volume: 1,531,504
• 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: 1.21
• Enterprise Value/Revenue: 0.95
• Enterprise Value/Gross Profit: 7.49
• Enterprise Value/Ebitda: 5.75
• 1Y Price Target: $12.00
• Price Target Upside: 85.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $8.00 ▲(23.65% Upside)

Helix Energy's strong earnings call and positive technical indicators are offset by valuation concerns and financial performance risks. The company's resilience is evident in its record-high quarterly results, but challenges in profitability and liquidity remain.

Positive Factors

Strong Balance Sheet

Helix Energy's strong cash flow and liquidity position enhance its financial resilience, providing a buffer against market volatility.

Long-Term Contracts

Securing long-term contracts ensures stable revenue streams and strengthens Helix's market position in the offshore energy services sector.

Robotics Segment Growth

The growth in the robotics segment indicates strong demand for Helix's advanced technologies, supporting future revenue expansion.

Negative Factors

Declining Profit Margins

Decreasing profit margins suggest rising cost pressures, which could impact Helix's ability to maintain profitability in the long term.

Cash Flow Challenges

The decline in free cash flow growth indicates potential liquidity issues, which may constrain Helix's operational flexibility.

Market Challenges in Key Regions

Market challenges in the North Sea and Gulf of America could limit Helix's growth opportunities and affect future revenue stability.

Helix Energy Business Overview & Revenue Model

Company Description

Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

How the Company Makes Money

Helix Energy generates revenue through multiple streams, primarily from its well intervention services, which involve the provision of specialized vessels and equipment to perform maintenance and enhancement of oil and gas wells. The company also earns significant income from its robotics segment, which includes the operation of remotely operated vehicles (ROVs) for subsea inspections and interventions. Additionally, Helix engages in decommissioning services, where it assists clients in safely retiring old offshore infrastructures. Partnerships with major oil and gas operators, combined with its reputation for reliability and technological innovation, further enhance its revenue potential. The company’s earnings are also influenced by fluctuations in oil prices and energy market dynamics, as these factors directly impact the demand for its services.

Helix Energy Financial Statement Overview

Summary

Helix Energy demonstrates stable revenue growth 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	217.93M	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	753.93M
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: Positive
• Last Price: 6.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLX, the sentiment is Positive. The current price of 6.47 is below the 20-day moving average (MA) of 6.59, below the 50-day MA of 6.71, and below the 200-day MA of 6.56, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.81 is Neutral, neither overbought nor oversold. The STOCH value of 90.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HLX.

Helix Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NESR	79 Outperform	$1.78B	24.80	7.67%	―	0.31%	33.08%
TTI	75 Outperform	$1.32B	11.33	53.71%	―	0.17%	7307.20%
HLX	71 Outperform	$1.04B	24.72	2.71%	―	-1.95%	530.91%
OII	69 Neutral	$2.67B	11.50	28.92%	―	8.71%	72.09%
RES	68 Neutral	$1.30B	26.85	4.31%	2.94%	4.20%	-59.96%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Helix Energy Corporate Events

Helix Energy CEO Owen Kratz Announces Retirement Plan

On December 17, 2025, Helix Energy Solutions announced that long-serving President and CEO Owen Kratz, who first joined the business in 1984 when it operated as Cal Dive International and became CEO in 1997, has informed the board of his intention to retire, capping a career in which he helped grow the company from a small diving outfit into a global offshore services leader. Kratz will remain in the CEO role until the board appoints a successor, with Helix’s chairman emphasizing the company’s focus on leadership continuity and the selection of an experienced global business leader, while Kratz highlighted Helix’s strong balance sheet, established industry position and capacity for future value creation as key underpinnings for a smooth transition for stakeholders.

The most recent analyst rating on (HLX) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Helix Energy stock, see the HLX Stock Forecast page.

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.