Latest Ratios: P/E Ratio 47.9x · EV/EBITDA 18.1x · ROE 5.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.8B | $1.5B | $1.5B | $1.8B | $3.4B | $1.7B | $1.5B | $1.0B | $1.7B | $1.1B |
| Enterprise Value | $2.3B | $1.9B | $1.9B | $2.0B | $2.2B | $3.9B | $2.2B | $1.8B | $1.4B | $1.8B | $1.1B |
| P/E Ratio → | 47.94 | 37.73 | 38.44 | 39.78 | 18.03 | 32.66 | 121.11 | 24.59 | 22.28 | 55.29 | 45.94 |
| P/S Ratio | 2.74 | 2.17 | 1.86 | 1.79 | 2.00 | 3.93 | 3.27 | 2.67 | 2.05 | 5.10 | 5.46 |
| P/B Ratio | 2.49 | 1.96 | 1.73 | 1.75 | 2.23 | 4.82 | 2.81 | 2.56 | 1.96 | 6.41 | 4.55 |
| P/FCF | 22.97 | 18.22 | 15.75 | 34.40 | 22.75 | 40.81 | 18.37 | 22.61 | 21.18 | 64.34 | 34.57 |
| P/OCF | 18.05 | 14.31 | 12.27 | 17.84 | 16.15 | 30.20 | 15.75 | 16.36 | 13.42 | 35.41 | 27.91 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.22 | 2.39 | 2.41 | 2.48 | 4.44 | 4.15 | 3.20 | 2.69 | 5.25 | 5.79 |
| EV / EBITDA | 18.10 | 14.42 | 13.22 | 14.01 | 11.62 | 18.94 | 28.92 | 14.18 | 11.87 | 22.32 | 24.92 |
| EV / EBIT | 35.38 | 22.06 | 22.83 | 25.03 | 15.85 | 26.05 | 58.23 | 19.59 | 19.47 | 28.80 | 33.10 |
| EV / FCF | — | 18.60 | 20.24 | 46.27 | 28.15 | 46.10 | 23.33 | 27.14 | 27.89 | 66.26 | 36.69 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.3% | 32.3% | 31.3% | 31.3% | 33.7% | 36.0% | 37.5% | 38.3% | 37.9% | 39.8% | 36.2% |
| Operating Margin | 7.9% | 7.9% | 10.2% | 9.6% | 15.5% | 17.2% | 6.8% | 16.2% | 14.9% | 17.9% | 17.5% |
| Net Profit Margin | 5.8% | 5.8% | 4.8% | 4.5% | 11.1% | 12.0% | 2.7% | 10.9% | 9.2% | 9.2% | 11.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.4% | 5.4% | 4.5% | 4.5% | 13.1% | 15.9% | 2.4% | 10.9% | 11.6% | 12.4% | 10.2% |
| ROA | 3.2% | 3.2% | 2.5% | 2.5% | 6.8% | 7.7% | 1.2% | 5.8% | 6.2% | 7.0% | 6.8% |
| ROIC | 4.4% | 4.4% | 4.6% | 4.6% | 8.7% | 10.1% | 2.7% | 7.8% | 9.6% | 14.7% | 11.7% |
| ROCE | 4.8% | 4.8% | 5.8% | 5.8% | 10.7% | 12.4% | 3.3% | 9.5% | 11.1% | 14.9% | 10.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.55 | 0.64 | 0.58 | 0.66 | 0.80 | 0.55 | 0.66 | 0.43 | 0.59 |
| Debt / EBITDA | 0.86 | 0.86 | 3.24 | 3.82 | 2.46 | 2.31 | 6.49 | 2.54 | 3.06 | 1.44 | 3.06 |
| Net Debt / Equity | — | 0.04 | 0.49 | 0.60 | 0.53 | 0.62 | 0.76 | 0.51 | 0.62 | 0.19 | 0.28 |
| Net Debt / EBITDA | 0.29 | 0.29 | 2.93 | 3.59 | 2.23 | 2.17 | 6.15 | 2.37 | 2.86 | 0.65 | 1.44 |
| Debt / FCF | — | 0.38 | 4.49 | 11.86 | 5.40 | 5.29 | 4.96 | 4.53 | 6.71 | 1.92 | 2.12 |
| Interest Coverage | 3.85 | 3.85 | 2.49 | 2.58 | 8.29 | 8.76 | 2.80 | 5.89 | 5.06 | 16.54 | 43.62 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.90 | 2.90 | 2.77 | 2.74 | 2.55 | 2.07 | 1.98 | 2.52 | 2.12 | 3.20 | 4.55 |
| Quick Ratio | 1.58 | 1.58 | 1.40 | 1.25 | 1.29 | 1.10 | 1.12 | 1.40 | 1.19 | 2.29 | 3.58 |
| Cash Ratio | 0.51 | 0.51 | 0.32 | 0.22 | 0.29 | 0.17 | 0.20 | 0.29 | 0.25 | 1.39 | 2.61 |
| Asset Turnover | — | 0.55 | 0.54 | 0.53 | 0.60 | 0.61 | 0.40 | 0.54 | 0.49 | 0.75 | 0.44 |
| Inventory Turnover | 3.01 | 3.01 | 2.91 | 2.67 | 3.06 | 3.36 | 2.96 | 4.02 | 3.67 | 4.97 | 4.19 |
| Days Sales Outstanding | — | 50.46 | 54.21 | 51.81 | 53.14 | 57.45 | 70.07 | 45.72 | 54.35 | 39.93 | 48.64 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.7% | 0.8% | 0.8% | 0.7% | 0.3% | 0.7% | 0.8% | 1.1% | 0.6% | 1.0% |
| Payout Ratio | 24.8% | 24.8% | 30.5% | 31.5% | 11.9% | 11.1% | 81.7% | 19.1% | 23.5% | 32.5% | 46.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.7% | 2.6% | 2.5% | 5.5% | 3.1% | 0.8% | 4.1% | 4.5% | 1.8% | 2.2% |
| FCF Yield | 4.4% | 5.5% | 6.3% | 2.9% | 4.4% | 2.5% | 5.4% | 4.4% | 4.7% | 1.6% | 2.9% |
| Buyback Yield | 0.6% | 0.7% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.1% | 1.4% | 0.8% | 0.8% | 0.8% | 0.4% | 0.7% | 0.8% | 1.1% | 0.6% | 1.0% |
| Shares Outstanding | — | $33M | $33M | $33M | $33M | $32M | $32M | $32M | $31M | $27M | $27M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying HLIO stock.
Helios Technologies, Inc.'s current P/E ratio is 47.9x. The historical average is 29.2x. This places it at the 89th percentile of its historical range.
Helios Technologies, Inc.'s current EV/EBITDA is 18.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
Helios Technologies, Inc.'s return on equity (ROE) is 5.4%. The historical average is 14.0%.
Based on historical data, Helios Technologies, Inc. is trading at a P/E of 47.9x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Helios Technologies, Inc.'s current dividend yield is 0.52% with a payout ratio of 24.8%.
Helios Technologies, Inc. has 32.3% gross margin and 7.9% operating margin.
Helios Technologies, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Recreational market cyclicality
Metrics are mathematically derived from official filings.
Margin Expansion Signals Operational Leverage
Gross margin improved to 34.6% in 2026Q2 from 31.8% a year earlier, while operating margin expanded to 14.0% from 10.3%, according to the latest quarterly report, indicating strong cost discipline.
The sequential improvement in gross margin from 29.5% in 2026Q1 to 34.6% in 2026Q2 suggests that the company is benefiting from better cost absorption and possibly a favorable product mix, as revenue growth accelerates. Operating margin expansion from 0.6% in 2025Q3 to 14.0% in 2026Q2 reflects significant operating leverage, though the 2025Q3 figure was likely distorted by one-time charges. Net margin at 9.4% in 2026Q2 remains below the gross margin trend, indicating that SG&A and other operating expenses are still absorbing a portion of the gains, but the trajectory is positive.
Return on Capital Recovering from Cyclical Trough
ROIC improved to 2.6% in 2026Q2 from 0.1% in 2025Q3, as reported in financial statements, reflecting a rebound from a cyclical low, though still below historical norms.
The sharp recovery in ROIC from 0.1% in 2025Q3 to 2.6% in 2026Q2 indicates that the company is emerging from a period of depressed profitability, likely driven by the cyclical downturn in end markets. However, the absolute level of ROIC remains low, suggesting that the capital base, including significant goodwill from acquisitions, is not yet generating returns commensurate with its cost of capital. The improvement is primarily margin-driven rather than efficiency-driven, as asset turnover has remained stable around 0.14-0.15, implying that the company needs to sustain margin expansion to achieve higher returns on capital.
Working Capital Efficiency Improving but Inventory Heavy
Cash conversion cycle shortened to 121 days in 2026Q2 from 163 days in 2024Q4, as per reported figures, driven by faster inventory turnover and extended payables, though inventory days remain elevated.
The reduction in CCC from 163 days in 2024Q4 to 121 days in 2026Q2 is a positive sign, reflecting better management of receivables and inventory. DSO has improved from 60 days to 58 days, while DIO has declined from 146 days to 115 days, indicating that the company is reducing its inventory holdings relative to sales. However, DPO has increased from 43 days to 52 days, which may suggest that the company is stretching supplier payments, a practice that could strain relationships if extended further. The still-high DIO of 115 days reflects the company's strategy of maintaining availability for its Sun brand, but it also ties up capital and exposes the company to obsolescence risks.
Leverage Nearly Eliminated, Coverage Strengthened
Debt-to-equity fell to 0.02 in 2026Q2 from 0.64 in 2024Q1, with interest coverage rising to 6.98, as reported in the balance sheet, indicating minimal financial risk.
The dramatic deleveraging, with total debt reduced to $15.0M from $545.2M in 2024Q1, has transformed the balance sheet into a fortress-like position. Interest coverage of 6.98 in 2026Q2, though down from the anomalous 43.00 in 2025Q4, remains comfortable and suggests that the company has ample capacity to service its minimal debt obligations. The low leverage provides financial flexibility for future acquisitions or share repurchases, but it also implies that the company may be underutilizing its balance sheet to enhance shareholder returns. Investors should monitor whether management will re-lever to fund growth initiatives.
Liquidity Buffer Solid but Inventory Dependent
Current ratio stands at 2.74 in 2026Q2, with quick ratio at 1.53, as per the latest balance sheet, indicating a strong liquidity position, though inventory remains a significant component.
The current ratio of 2.74 and quick ratio of 1.53 suggest that the company has more than adequate short-term assets to cover its liabilities, even after excluding inventory. The gap between the current and quick ratios highlights the reliance on inventory, which at 115 days of sales is substantial. In a severe downturn, inventory could become illiquid, but the current cash position of $68.0M and minimal debt provide a cushion. The liquidity position appears robust enough to weather a cyclical downturn without distress, though the high inventory levels could lead to write-downs if demand softens further.
P/E Misleads on Cyclical Earnings
The trailing P/E of 52.54 overstates valuation due to depressed TTM earnings, while forward P/E of 25.99 better reflects normalized earnings, as per current multiples, but still embeds cyclical assumptions.
The most commonly misapplied ratio for HLIO is the trailing P/E, which is distorted by the cyclical trough in earnings. With TTM net margin at 9.4% and ROE at 2.3%, the trailing P/E of 52.54 appears expensive, but this is a function of low earnings, not necessarily overvaluation. The forward P/E of 25.99, based on expected earnings recovery, is more meaningful, but it still assumes that the current margin expansion is sustainable. A better metric for this business is EV/EBITDA, which at 19.81 (or 15.05 forward) normalizes for depreciation and amortization, including the significant intangibles from acquisitions. Investors should focus on EV/EBITDA and forward earnings power rather than trailing P/E, which can mislead in cyclical industries.