Helix Energy Solutions (HLX) Gross Margin (2009 - 2026)
Helix Energy Solutions' (HLX) quarterly Gross Margin came in at 3.07% in Q1 2026, down 684.0% year-on-year from 0.52% in Q1 2025, and down 79.77% on a QoQ basis 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.
- On a quarterly basis, Gross Margin fell 684.0% year-over-year to 3.07% in Q1 2026; TTM through Mar 2026 was 10.79%, a 619.0% decrease from a year earlier, with the FY2025 full-year figure at 12.32%, down 384.0% from the prior year.
- Gross Margin for Q1 2026 stood at 3.07%, down from 15.15% in the prior quarter.
- Over the last five years, Gross Margin for HLX reached as high as 20.69% in Q2 2024 and fell as low as 12.4% in Q1 2022.
- Historically, Gross Margin has averaged 10.87% across 5 years, with a median of 14.39% in 2022.
- Across the five-year window, Gross Margin tumbled 2134 bps in 2022 and soared 1876 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 10.9% in 2022, then surged by 35 bps to 14.7% in 2023, then climbed by 13 bps to 16.57% in 2024, then fell by 9 bps to 15.15% in 2025, then plunged by 80 bps to 3.07% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 3.07% in Q1 2026, 15.15% in Q4 2025, and 17.51% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 70.54 Bn | 68.33 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 57.93 Bn | 46.32 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.31 Bn | 29.04 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.38 Bn | 25.42 Bn | 2.10 Bn | 36.80% |
| 5 | Nov | 7.25 Bn | 5.97 Bn | 379.00 Mn | 18.47% |
| 6 | Archrock | 6.68 Bn | 6.68 Bn | 247.42 Mn | 66.20% |
| 7 | Weatherford International | 6.15 Bn | 5.02 Bn | 776.00 Mn | 70.23% |
| 8 | Kodiak Gas Services | 5.93 Bn | 5.84 Bn | 222.88 Mn | 64.46% |
| 9 | Oceaneering International | 5.32 Bn | 4.71 Bn | 156.98 Mn | 20.44% |
| 10 | Helix Energy Solutions | 1.43 Bn | 926.03 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% |