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Stock Comparison

HLX vs TDW

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
HLX
Helix Energy Solutions Group, Inc.

Oil & Gas Equipment & Services

EnergyNYSE • US
Market Cap$1.48B
5Y Perf.+199.1%
TDW
Tidewater Inc.

Oil & Gas Equipment & Services

EnergyNYSE • US
Market Cap$4.10B
5Y Perf.+1626.4%

HLX vs TDW — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
HLX logoHLX
TDW logoTDW
IndustryOil & Gas Equipment & ServicesOil & Gas Equipment & Services
Market Cap$1.48B$4.10B
Revenue (TTM)$1.30B$1.35B
Net Income (TTM)$14M$298M
Gross Margin10.8%22.4%
Operating Margin3.4%20.0%
Forward P/E36.2x23.8x
Total Debt$630M$655M
Cash & Equiv.$445M$579M

HLX vs TDWLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

HLX
TDW
StockMay 20May 26Return
Helix Energy Soluti… (HLX)100299.1+199.1%
Tidewater Inc. (TDW)1001726.4+1626.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: HLX vs TDW

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: TDW leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
HLX
Helix Energy Solutions Group, Inc.
The Income Pick

HLX is the clearest fit if your priority is income & stability and long-term compounding.

  • Dividend streak 0 yrs, beta 0.78
  • 37.9% 10Y total return vs TDW's -65.2%
Best for: income & stability and long-term compounding
TDW
Tidewater Inc.
The Growth Play

TDW carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.

  • Rev growth 0.5%, EPS growth 95.3%, 3Y rev CAGR 27.8%
  • Lower volatility, beta 0.71, Low D/E 48.1%, current ratio 2.90x
  • Beta 0.71, current ratio 2.90x
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthTDW logoTDW0.5% revenue growth vs HLX's -4.9%
ValueTDW logoTDWLower P/E (23.8x vs 36.2x)
Quality / MarginsTDW logoTDW22.2% margin vs HLX's 1.1%
Stability / SafetyTDW logoTDWBeta 0.71 vs HLX's 0.78
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)TDW logoTDW+96.4% vs HLX's +51.8%
Efficiency (ROA)TDW logoTDW13.4% ROA vs HLX's 0.5%, ROIC 15.2% vs 2.7%

HLX vs TDW — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

HLXHelix Energy Solutions Group, Inc.
FY 2025
Renewables
85.0%$157M
Service, Other
15.0%$28M
TDWTidewater Inc.
FY 2025
Vessel
99.0%$1.3B
Product and Service, Other
1.0%$14M

HLX vs TDW — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLTDWLAGGINGHLX

Income & Cash Flow (Last 12 Months)

TDW leads this category, winning 5 of 6 comparable metrics.

TDW and HLX operate at a comparable scale, with $1.3B and $1.3B in trailing revenue. TDW is the more profitable business, keeping 22.2% of every revenue dollar as net income compared to HLX's 1.1%. On growth, HLX holds the edge at +3.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricHLX logoHLXHelix Energy Solu…TDW logoTDWTidewater Inc.
RevenueTrailing 12 months$1.3B$1.3B
EBITDAEarnings before interest/tax$177M$477M
Net IncomeAfter-tax profit$14M$298M
Free Cash FlowCash after capex$167M$282M
Gross MarginGross profit ÷ Revenue+10.8%+22.4%
Operating MarginEBIT ÷ Revenue+3.4%+20.0%
Net MarginNet income ÷ Revenue+1.1%+22.2%
FCF MarginFCF ÷ Revenue+12.9%+20.9%
Rev. Growth (YoY)Latest quarter vs prior year+3.6%-2.2%
EPS Growth (YoY)Latest quarter vs prior year-5.5%-85.5%
TDW leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

Evenly matched — HLX and TDW each lead in 3 of 6 comparable metrics.

At 12.4x trailing earnings, TDW trades at a 74% valuation discount to HLX's 47.9x P/E. On an enterprise value basis, HLX's 6.6x EV/EBITDA is more attractive than TDW's 7.6x.

MetricHLX logoHLXHelix Energy Solu…TDW logoTDWTidewater Inc.
Market CapShares × price$1.5B$4.1B
Enterprise ValueMkt cap + debt − cash$1.7B$4.2B
Trailing P/EPrice ÷ TTM EPS47.86x12.40x
Forward P/EPrice ÷ next-FY EPS est.36.15x23.76x
PEG RatioP/E ÷ EPS growth rate4.75x
EV / EBITDAEnterprise value multiple6.59x7.55x
Price / SalesMarket cap ÷ Revenue1.15x3.03x
Price / BookPrice ÷ Book value/share0.94x3.03x
Price / FCFMarket cap ÷ FCF12.29x11.59x
Evenly matched — HLX and TDW each lead in 3 of 6 comparable metrics.

Profitability & Efficiency

TDW leads this category, winning 7 of 9 comparable metrics.

TDW delivers a 23.8% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $1 for HLX. HLX carries lower financial leverage with a 0.40x debt-to-equity ratio, signaling a more conservative balance sheet compared to TDW's 0.48x. On the Piotroski fundamental quality scale (0–9), TDW scores 8/9 vs HLX's 6/9, reflecting strong financial health.

MetricHLX logoHLXHelix Energy Solu…TDW logoTDWTidewater Inc.
ROE (TTM)Return on equity+0.9%+23.8%
ROA (TTM)Return on assets+0.5%+13.4%
ROICReturn on invested capital+2.7%+15.2%
ROCEReturn on capital employed+2.8%+15.2%
Piotroski ScoreFundamental quality 0–968
Debt / EquityFinancial leverage0.40x0.48x
Net DebtTotal debt minus cash$185M$76M
Cash & Equiv.Liquid assets$445M$579M
Total DebtShort + long-term debt$630M$655M
Interest CoverageEBIT ÷ Interest expense3.17x4.05x
TDW leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

TDW leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in TDW five years ago would be worth $56,020 today (with dividends reinvested), compared to $18,998 for HLX. Over the past 12 months, TDW leads with a +96.4% total return vs HLX's +51.8%. The 3-year compound annual growth rate (CAGR) favors TDW at 22.6% vs HLX's 14.4% — a key indicator of consistent wealth creation.

MetricHLX logoHLXHelix Energy Solu…TDW logoTDWTidewater Inc.
YTD ReturnYear-to-date+57.0%+57.7%
1-Year ReturnPast 12 months+51.8%+96.4%
3-Year ReturnCumulative with dividends+49.8%+84.1%
5-Year ReturnCumulative with dividends+90.0%+460.2%
10-Year ReturnCumulative with dividends+37.9%-65.2%
CAGR (3Y)Annualised 3-year return+14.4%+22.6%
TDW leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — HLX and TDW each lead in 1 of 2 comparable metrics.

TDW is the less volatile stock with a 0.71 beta — it tends to amplify market swings less than HLX's 0.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HLX currently trades 93.5% from its 52-week high vs TDW's 88.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricHLX logoHLXHelix Energy Solu…TDW logoTDWTidewater Inc.
Beta (5Y)Sensitivity to S&P 5000.78x0.71x
52-Week HighHighest price in past year$10.75$93.13
52-Week LowLowest price in past year$5.52$38.24
% of 52W HighCurrent price vs 52-week peak+93.5%+88.4%
RSI (14)Momentum oscillator 0–10057.646.0
Avg Volume (50D)Average daily shares traded1.8M793K
Evenly matched — HLX and TDW each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates HLX as "Buy" and TDW as "Hold". Consensus price targets imply 39.3% upside for HLX (target: $14) vs 23.3% for TDW (target: $102).

MetricHLX logoHLXHelix Energy Solu…TDW logoTDWTidewater Inc.
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$14.00$101.50
# AnalystsCovering analysts2226
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises00
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+2.0%+2.2%
Insufficient data to determine a leader in this category.
Key Takeaway

TDW leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.

Best OverallTidewater Inc. (TDW)Leads 3 of 6 categories
Loading custom metrics...

HLX vs TDW: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is HLX or TDW a better buy right now?

For growth investors, Tidewater Inc.

(TDW) is the stronger pick with 0. 5% revenue growth year-over-year, versus -4. 9% for Helix Energy Solutions Group, Inc. (HLX). Tidewater Inc. (TDW) offers the better valuation at 12. 4x trailing P/E (23. 8x forward), making it the more compelling value choice. Analysts rate Helix Energy Solutions Group, Inc. (HLX) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — HLX or TDW?

On trailing P/E, Tidewater Inc.

(TDW) is the cheapest at 12. 4x versus Helix Energy Solutions Group, Inc. at 47. 9x. On forward P/E, Tidewater Inc. is actually cheaper at 23. 8x.

03

Which is the better long-term investment — HLX or TDW?

Over the past 5 years, Tidewater Inc.

(TDW) delivered a total return of +460. 2%, compared to +90. 0% for Helix Energy Solutions Group, Inc. (HLX). Over 10 years, the gap is even starker: HLX returned +37. 9% versus TDW's -65. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — HLX or TDW?

By beta (market sensitivity over 5 years), Tidewater Inc.

(TDW) is the lower-risk stock at 0. 71β versus Helix Energy Solutions Group, Inc. 's 0. 78β — meaning HLX is approximately 11% more volatile than TDW relative to the S&P 500. On balance sheet safety, Helix Energy Solutions Group, Inc. (HLX) carries a lower debt/equity ratio of 40% versus 48% for Tidewater Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — HLX or TDW?

By revenue growth (latest reported year), Tidewater Inc.

(TDW) is pulling ahead at 0. 5% versus -4. 9% for Helix Energy Solutions Group, Inc. (HLX). On earnings-per-share growth, the picture is similar: Tidewater Inc. grew EPS 95. 3% year-over-year, compared to -41. 7% for Helix Energy Solutions Group, Inc.. Over a 3-year CAGR, TDW leads at 27. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — HLX or TDW?

Tidewater Inc.

(TDW) is the more profitable company, earning 24. 7% net margin versus 2. 4% for Helix Energy Solutions Group, Inc. — meaning it keeps 24. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TDW leads at 21. 4% versus 5. 0% for HLX. At the gross margin level — before operating expenses — TDW leads at 30. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is HLX or TDW more undervalued right now?

On forward earnings alone, Tidewater Inc.

(TDW) trades at 23. 8x forward P/E versus 36. 2x for Helix Energy Solutions Group, Inc. — 12. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HLX: 39. 3% to $14. 00.

08

Which pays a better dividend — HLX or TDW?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

09

Is HLX or TDW better for a retirement portfolio?

For long-horizon retirement investors, Helix Energy Solutions Group, Inc.

(HLX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 78)). Both have compounded well over 10 years (HLX: +37. 9%, TDW: -65. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between HLX and TDW?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: HLX is a small-cap quality compounder stock; TDW is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

HLX

Quality Business

  • Sector: Energy
  • Market Cap > $100B
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TDW

Quality Mega-Cap Compounder

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 13%
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Custom Screen

Beat Both

Find stocks that outperform HLX and TDW on the metrics below

Revenue Growth>
%
(HLX: 3.6% · TDW: -2.2%)
P/E Ratio<
x
(HLX: 47.9x · TDW: 12.4x)

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