Helix Energy Solutions (HLX) Gross Margin (2009 - 2026)
Helix Energy Solutions (HLX) posted quarterly 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 reported Gross Margin for 18 consecutive years, with 3.07% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 684.0% year-over-year to 3.07%; the TTM figure through Mar 2026 stood at 10.79% (down 619.0% YoY), while the FY2025 annual figure was 12.32%, down 384.0% from the prior year.
- Gross Margin slipped to 3.07% in Q1 2026 per HLX's latest filing, from 15.15% in the prior quarter.
- Across five years, Gross Margin topped out at 20.69% in Q2 2024 and bottomed at 12.4% in Q1 2022.
- Historically, Gross Margin has averaged 10.87% across 5 years, with a median of 14.39% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin sank 2134 bps — and 2023, when it surged 1876 bps.
- Helix Energy Solutions' Gross Margin stood at 10.9% in 2022, then soared by 35 bps to 14.7% in 2023, then gained by 13 bps to 16.57% in 2024, then dropped by 9 bps to 15.15% in 2025, then plunged 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 | 79.95 Bn | 75.87 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 65.86% |
| 10 | Helix Energy Solutions | 1.54 Bn | 886.95 Mn | 56.20 Mn | 18.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.49% |
| 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% |