Helix Energy Solutions (HLX) Gross Margin (2009 - 2026)
Helix Energy Solutions (HLX) reported Gross Margin of 3.07% for Q1 2026, down 684.0% year-over-year from 0.52% in Q1 2025, and down 79.77% quarter-over-quarter from 15.15% in Q4 2025.
Helix Energy Solutions (HLX) Gross Margin (2009 - 2026) Analysis & Trends
Helix Energy Solutions (HLX) has 18 years of Gross Margin data on file, last reported at 3.07% in Q1 2026.
- Gross Margin for Q1 2026 came in at 3.07%, down 684.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.79% (down 619.0% YoY), and the FY2025 annual result was 12.32%, down 384.0% from the prior year.
- Gross Margin declined to 3.07% in Q1 2026 per HLX's latest filing, from 15.15% in the prior quarter.
- Over five years, Gross Margin peaked at 20.69% in Q2 2024 and troughed at 12.4% in Q1 2022.
- A 5-year average of 10.87% and a median of 14.39% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 2134 bps in 2022, then surged 1876 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 10.9% in 2022, then surged by 35 bps to 14.7% in 2023, then rose by 13 bps to 16.57% in 2024, then slipped by 9 bps to 15.15% in 2025, then tumbled by 80 bps to 3.07% in 2026.
- Business Quant data shows HLX's Gross Margin at 3.07% in Q1 2026, 15.15% in Q4 2025, and 17.51% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | Helix Energy Solutions | 1.36 Bn | 858.51 Mn | 8.83 Mn | 3.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.07% |
| Dec 31, 2025 | 15.15% |
| Sep 30, 2025 | 17.51% |
| Jun 30, 2025 | 4.94% |
| Mar 31, 2025 | 9.90% |
| Dec 31, 2024 | 16.57% |
| Sep 30, 2024 | 19.18% |
| Jun 30, 2024 | 20.69% |
| Mar 31, 2024 | 6.60% |
| Dec 31, 2023 | 14.70% |
| Sep 30, 2023 | 20.36% |
| Jun 30, 2023 | 17.92% |
| Mar 31, 2023 | 6.07% |
| Dec 31, 2022 | 10.90% |
| Sep 30, 2022 | 14.39% |
| Jun 30, 2022 | -0.83% |
| Mar 31, 2022 | -12.40% |
| Dec 31, 2021 | -3.18% |
| Sep 30, 2021 | 1.66% |
| Jun 30, 2021 | 1.93% |