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Helix Energy Solutions (HLX) Cost of Revenue (2016 - 2025)

Helix Energy Solutions (HLX) has disclosed Cost of Revenue for 17 consecutive years, with $283.5 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 4.3% to $283.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.1 billion, a 0.58% decrease, with the full-year FY2025 number at $1.1 billion, down 0.58% from a year prior.
  • Cost of Revenue was $283.5 million for Q4 2025 at Helix Energy Solutions, down from $310.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $315.1 million in Q3 2023 to a low of $148.8 million in Q1 2021.
  • A 5-year average of $242.1 million and a median of $255.0 million in 2022 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: decreased 16.88% in 2021, then skyrocketed 54.59% in 2023.
  • Helix Energy Solutions' Cost of Revenue stood at $174.0 million in 2021, then surged by 47.37% to $256.5 million in 2022, then rose by 11.47% to $285.9 million in 2023, then rose by 3.64% to $296.3 million in 2024, then fell by 4.3% to $283.5 million in 2025.
  • Per Business Quant, the three most recent readings for HLX's Cost of Revenue are $283.5 million (Q4 2025), $310.9 million (Q3 2025), and $287.3 million (Q2 2025).