Helix Energy Solutions (HLX) Operating Margin (2009 - 2026)
Helix Energy Solutions (HLX) posted quarterly Operating Margin of 4.62% for Q1 2026, down 756.0% year-over-year from 0.7% in Q1 2025, and down 226.0% quarter-over-quarter from 3.67% in Q4 2025.
Helix Energy Solutions (HLX) Operating Margin (2009 - 2026) Analysis & Trends
Helix Energy Solutions (HLX) has reported Operating Margin for 18 consecutive years, with 4.62% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 756.0% year-over-year to 4.62%; the TTM figure through Mar 2026 stood at 3.35% (down 686.0% YoY), while the FY2025 annual figure was 5.04%, down 434.0% from the prior year.
- Operating Margin fell to 4.62% in Q1 2026 per HLX's latest filing, from 3.67% in the prior quarter.
- Across five years, Operating Margin topped out at 14.58% in Q2 2024 and bottomed at 21.97% in Q1 2022.
- Historically, Operating Margin has averaged 2.09% across 5 years, with a median of 3.67% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 2163 bps — and 2023, when it soared 1865 bps.
- Helix Energy Solutions' Operating Margin stood at 1.78% in 2022, then jumped by 358 bps to 4.59% in 2023, then jumped by 89 bps to 8.69% in 2024, then slumped by 58 bps to 3.67% in 2025, then sank by 226 bps to 4.62% in 2026.
- Business Quant data shows HLX's Operating Margin at 4.62% in Q1 2026, 3.67% in Q4 2025, and 12.69% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.73 Bn | 75.66 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 62.35 Bn | 46.62 Bn | 1.58 Bn | 12.74% |
| 3 | Tenaris | 52.90 Bn | 43.87 Bn | 984.66 | 16.32% |
| 4 | TechnipFMC | 30.78 Bn | 29.53 Bn | 1.40 Bn | -31.83% |
| 5 | Halliburton | 29.54 Bn | 27.49 Bn | 2.10 Bn | 13.62% |
| 6 | Nov | 7.29 Bn | 6.13 Bn | 521.00 Mn | 12.28% |
| 7 | Weatherford International | 6.52 Bn | 5.38 Bn | 662.00 Mn | 9.68% |
| 8 | Kodiak Gas Services | 5.61 Bn | 5.48 Bn | 246.76 Mn | 31.76% |
| 9 | Archrock | 5.49 Bn | 5.49 Bn | 244.51 Mn | 55.10% |
| 10 | Helix Energy Solutions | 1.53 Bn | 878.74 Mn | 56.20 Mn | 8.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.79% |
| Mar 31, 2026 | -4.62% |
| Dec 31, 2025 | 3.67% |
| Sep 30, 2025 | 12.69% |
| Jun 30, 2025 | -1.04% |
| Mar 31, 2025 | 2.94% |
| Dec 31, 2024 | 8.69% |
| Sep 30, 2024 | 13.04% |
| Jun 30, 2024 | 14.58% |
| Mar 31, 2024 | -0.43% |
| Dec 31, 2023 | 4.59% |
| Sep 30, 2023 | 9.16% |
| Jun 30, 2023 | 6.54% |
| Mar 31, 2023 | -3.32% |
| Dec 31, 2022 | -1.78% |
| Sep 30, 2022 | 4.49% |
| Jun 30, 2022 | -11.67% |
| Mar 31, 2022 | -21.97% |
| Dec 31, 2021 | -15.93% |
| Sep 30, 2021 | -5.72% |