Oil & Gas Equipment & Services
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HLX vs TDW
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Equipment & Services
HLX vs TDW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Market Cap | $1.48B | $4.10B |
| Revenue (TTM) | $1.30B | $1.35B |
| Net Income (TTM) | $14M | $298M |
| Gross Margin | 10.8% | 22.4% |
| Operating Margin | 3.4% | 20.0% |
| Forward P/E | 36.2x | 23.8x |
| Total Debt | $630M | $655M |
| Cash & Equiv. | $445M | $579M |
HLX vs TDW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Helix Energy Soluti… (HLX) | 100 | 299.1 | +199.1% |
| Tidewater Inc. (TDW) | 100 | 1726.4 | +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.
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%
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
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 0.5% revenue growth vs HLX's -4.9% | |
| Value | Lower P/E (23.8x vs 36.2x) | |
| Quality / Margins | 22.2% margin vs HLX's 1.1% | |
| Stability / Safety | Beta 0.71 vs HLX's 0.78 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +96.4% vs HLX's +51.8% | |
| Efficiency (ROA) | 13.4% 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
HLX vs TDW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TDW leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | ||
|---|---|---|
| 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% |
Valuation Metrics
Evenly matched — HLX and TDW each lead in 3 of 6 comparable metrics.
Valuation 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.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.5B | $4.1B |
| Enterprise ValueMkt cap + debt − cash | $1.7B | $4.2B |
| Trailing P/EPrice ÷ TTM EPS | 47.86x | 12.40x |
| Forward P/EPrice ÷ next-FY EPS est. | 36.15x | 23.76x |
| PEG RatioP/E ÷ EPS growth rate | 4.75x | — |
| EV / EBITDAEnterprise value multiple | 6.59x | 7.55x |
| Price / SalesMarket cap ÷ Revenue | 1.15x | 3.03x |
| Price / BookPrice ÷ Book value/share | 0.94x | 3.03x |
| Price / FCFMarket cap ÷ FCF | 12.29x | 11.59x |
Profitability & Efficiency
TDW leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||
|---|---|---|
| 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 0–9 | 6 | 8 |
| Debt / EquityFinancial leverage | 0.40x | 0.48x |
| Net DebtTotal debt minus cash | $185M | $76M |
| Cash & Equiv.Liquid assets | $445M | $579M |
| Total DebtShort + long-term debt | $630M | $655M |
| Interest CoverageEBIT ÷ Interest expense | 3.17x | 4.05x |
Total Returns (Dividends Reinvested)
TDW leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||
|---|---|---|
| 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% |
Risk & Volatility
Evenly matched — HLX and TDW each lead in 1 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.78x | 0.71x |
| 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 0–100 | 57.6 | 46.0 |
| Avg Volume (50D)Average daily shares traded | 1.8M | 793K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
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).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $14.00 | $101.50 |
| # AnalystsCovering analysts | 22 | 26 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.0% | +2.2% |
TDW leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
HLX vs TDW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Which 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.
07Is 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.
08Which 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.
09Is 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.
10What 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.
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