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
DateValue
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%