Helios Technologies, Inc. (HLIO) Income Statement

30Y historyFree accessUpdated daily

Revenue growth accelerated to 9.1% YoY in 2026Q2 with gross margin expanding to 34.6% and operating margin reaching 14.0%, reflecting strong operating leverage and cost management.

Annual statement

HLIO Income Statement

Helios Technologies, Inc. (HLIO) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Jan'26	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00	Dec'99	Dec'98	Dec'97	Dec'96

Sales/Revenue	900.7M	839M	805.9M	835.6M	885.4M	869.2M	523M	554.66M	508.05M	342.84M	196.93M	200.73M	227.67M	205.27M	204.37M	204.17M	150.69M	97.39M	178.28M	167.37M	142.28M	116.76M	94.5M	70.8M	64.55M	64.98M	79.97M	69.7M	71.9M	64.2M	54.6M
Revenue Growth %	11.5%	4.11%	-3.55%	-5.62%	1.86%	66.2%	-5.71%	9.18%	48.19%	74.09%	-1.89%	-11.84%	10.92%	0.44%	0.1%	35.49%	54.73%	-45.37%	6.51%	17.64%	21.86%	23.55%	33.48%	9.69%	-0.67%	-18.74%	14.73%	-3.06%	11.99%	17.58%	-1.44%
Cost of Goods Sold	606.2M	567.8M	553.6M	573.9M	586.9M	556.4M	326.8M	342.38M	315.36M	206.31M	125.58M	123.63M	133.78M	122.31M	123.8M	124.96M	98.35M	75.44M	119.16M	112.52M	98.35M	79.84M	65.97M	52.31M	48.58M	50.36M	58.5M	48.1M	48.1M	40.9M	34.3M
COGS % of Revenue	-	67.68%	68.69%	68.68%	66.29%	64.01%	62.49%	61.73%	62.07%	60.18%	63.77%	61.59%	58.76%	59.58%	60.57%	61.2%	65.27%	77.46%	66.84%	67.23%	69.12%	68.38%	69.81%	73.89%	75.27%	77.49%	73.16%	69.01%	66.9%	63.71%	62.82%
Gross Profit	294.5M	271.2M	252.3M	261.7M	298.5M	312.8M	196.2M	212.28M	192.68M	136.53M	71.35M	77.09M	93.89M	82.96M	80.57M	79.22M	52.34M	21.96M	59.12M	54.85M	43.93M	36.92M	28.54M	18.49M	15.96M	14.63M	21.46M	21.6M	23.8M	23.3M	20.3M
Gross Margin %	32.7%	32.32%	31.31%	31.32%	33.71%	35.99%	37.51%	38.27%	37.93%	39.82%	36.23%	38.41%	41.24%	40.42%	39.43%	38.8%	34.73%	22.54%	33.16%	32.77%	30.88%	31.62%	30.19%	26.11%	24.73%	22.51%	26.84%	30.99%	33.1%	36.29%	37.18%
Gross Profit Growth %	-	7.49%	-3.59%	-12.33%	-4.57%	59.43%	-7.58%	10.17%	41.13%	91.35%	-7.45%	-17.89%	13.18%	2.96%	1.71%	51.34%	138.39%	-62.86%	7.78%	24.85%	19%	29.38%	54.36%	15.8%	9.16%	-31.87%	-0.63%	-9.24%	2.15%	14.78%	-13.25%
Operating Expenses	178.3M	205.2M	170.5M	181.8M	161.2M	163.5M	160.8M	122.17M	117.13M	74M	36.89M	30.2M	29.82M	26.79M	26.16M	23.95M	21.3M	19.81M	22.74M	21.21M	18.88M	17.74M	16.24M	14.8M	12.54M	12.56M	14.11M	17.5M	16.1M	15M	15M
OpEx % of Revenue	-	24.46%	21.16%	21.76%	18.21%	18.81%	30.75%	22.03%	23.05%	21.59%	18.73%	15.05%	13.1%	13.05%	12.8%	11.73%	14.14%	20.34%	12.76%	12.68%	13.27%	15.19%	17.19%	20.91%	19.43%	19.34%	17.64%	25.11%	22.39%	23.36%	27.47%
Selling, General & Admin	115.5M	147.6M	139M	148.9M	133.1M	130.7M	106.8M	99.67M	93.87M	65.58M	36.89M	30.2M	29.82M	26.79M	26.16M	23.95M	21.3M	19.81M	22.74M	21.21M	18.88M	17.74M	16.24M	14.8M	12.54M	12.56M	14.11M	12.5M	11.7M	11.3M	12.1M
SG&A % of Revenue	-	17.59%	17.25%	17.82%	15.03%	15.04%	20.42%	17.97%	18.48%	19.13%	18.73%	15.05%	13.1%	13.05%	12.8%	11.73%	14.14%	20.34%	12.76%	12.68%	13.27%	15.19%	17.19%	20.91%	19.43%	19.34%	17.64%	17.93%	16.27%	17.6%	22.16%
Research & Development	0	0	0	0	0	0	0	0	14.12M	10.62M	4.33M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	2.78%	3.1%	2.2%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	3M	57.6M	31.5M	32.9M	28.1M	32.8M	54M	22.5M	-243K	-742K	-743K	-187K	0	7K	-40K	0	0	0	0	0	0	0	0	0	0	0	0	5M	4.4M	3.7M	2.9M
Operating Income	116.1M	66M	81.8M	79.9M	137.3M	149.3M	35.4M	90.11M	75.55M	61.49M	34.46M	46.89M	64.07M	56.17M	54.41M	55.27M	31.04M	2.14M	36.38M	33.63M	25.05M	19.18M	12.29M	3.68M	3.42M	2.06M	7.36M	4.1M	7.7M	8.3M	5.3M
Operating Margin %	12.89%	7.87%	10.15%	9.56%	15.51%	17.18%	6.77%	16.25%	14.87%	17.94%	17.5%	23.36%	28.14%	27.36%	26.62%	27.07%	20.6%	2.2%	20.4%	20.1%	17.61%	16.43%	13.01%	5.2%	5.3%	3.17%	9.2%	5.88%	10.71%	12.93%	9.71%
Operating Income Growth %	-	-19.32%	2.38%	-41.81%	-8.04%	321.75%	-60.72%	19.27%	22.87%	78.45%	-26.51%	-26.81%	14.06%	3.24%	-1.56%	78.06%	1348.39%	-94.11%	8.15%	34.27%	30.61%	56.01%	233.8%	7.69%	66.02%	-72%	79.41%	-46.75%	-7.23%	56.6%	-48.04%
EBITDA	177M	129M	145.6M	143.7M	188.9M	203.7M	75.1M	125.33M	115.27M	80.68M	45.78M	56.45M	72.79M	63.4M	61.59M	61.99M	37.91M	9.11M	43.47M	39.98M	30.9M	24.78M	17.76M	8.84M	8.52M	7.49M	12.95M	9.1M	12.1M	12M	8.2M
EBITDA Margin %	19.65%	15.38%	18.07%	17.2%	21.34%	23.44%	14.36%	22.6%	22.69%	23.53%	23.24%	28.12%	31.97%	30.89%	30.14%	30.36%	25.16%	9.35%	24.38%	23.88%	21.72%	21.23%	18.79%	12.48%	13.2%	11.52%	16.19%	13.06%	16.83%	18.69%	15.02%
EBITDA Growth %	50.9%	-11.4%	1.32%	-23.93%	-7.27%	171.24%	-40.08%	8.73%	42.87%	76.25%	-18.9%	-22.45%	14.81%	2.93%	-0.64%	63.51%	316.11%	-79.04%	8.75%	29.37%	24.68%	39.56%	101.01%	3.7%	13.81%	-42.19%	42.31%	-24.79%	0.83%	46.34%	-35.94%
D&A (Non-Cash Add-back)	60.9M	63M	63.8M	63.8M	51.6M	54.4M	39.7M	35.22M	39.71M	19.19M	11.32M	9.56M	8.72M	7.23M	7.19M	6.72M	6.87M	6.97M	7.1M	6.34M	5.85M	5.6M	5.46M	5.15M	5.1M	5.43M	5.59M	5M	4.4M	3.7M	2.9M
EBIT	117.5M	84.3M	84.3M	80.4M	138.5M	148.1M	37.3M	90.69M	70.27M	62.52M	34.46M	46.89M	64.07M	56.17M	54.41M	55.27M	31.04M	2.14M	38.52M	33.63M	25.05M	19.18M	12.29M	3.68M	3.42M	2.06M	7.36M	3.9M	7.5M	8.3M	5.3M
Net Interest Income	-15.1M	-21.9M	-33.8M	-31.2M	-16.7M	-16.9M	-13.3M	-15.39M	-13.88M	-3.78M	790K	1.42M	1.59M	967K	1.37M	775K	653K	-562K	-793K	411K	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1.37M	775K	653K	0	0	411K	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	15.1M	21.9M	33.8M	31.2M	16.7M	16.9M	13.3M	15.39M	13.88M	3.78M	790K	1.42M	1.59M	967K	0	0	0	562K	793K	0	0	0	597K	205K	1.08M	618K	1.76M	1.9M	0	1.1M	1M
Other Income/Expense	-13.7M	-3.6M	-31.3M	-30.7M	-15.5M	-18.1M	-11.4M	-14.81M	-19.16M	-13.95M	442K	2.34M	1.67M	1M	1.44M	2.32M	604K	-126K	1.35M	736K	-148K	-43K	-562K	-406K	-828K	-748K	-1.44M	-1.3M	800K	-1M	-800K
Pretax Income	102.4M	62.4M	50.5M	49.2M	121.8M	131.2M	24M	75.31M	56.4M	47.54M	34.9M	49.23M	65.74M	57.17M	55.85M	57.59M	31.64M	2.02M	37.73M	34.37M	24.9M	19.14M	11.73M	3.28M	2.59M	1.31M	5.92M	2.6M	8.5M	7.3M	4.5M
Pretax Margin %	11.37%	7.44%	6.27%	5.89%	13.76%	15.09%	4.59%	13.58%	11.1%	13.87%	17.72%	24.53%	28.88%	27.85%	27.33%	28.2%	21%	2.07%	21.16%	20.54%	17.5%	16.39%	12.41%	4.63%	4.02%	2.02%	7.4%	3.73%	11.82%	11.37%	8.24%
Income Tax	23.7M	14M	11.5M	11.7M	23.4M	26.6M	9.8M	15.04M	9.66M	15.99M	11.6M	16.09M	21.97M	19.19M	18.45M	19.91M	10.24M	161K	11.99M	12.24M	8.68M	6.33M	3.9M	1.1M	814K	362K	2M	800K	2.9M	2.6M	1.6M
Effective Tax Rate %	23.14%	22.44%	22.77%	23.78%	19.21%	20.27%	40.83%	19.97%	17.14%	33.62%	33.23%	32.69%	33.41%	33.56%	33.04%	34.57%	32.37%	7.98%	31.79%	35.61%	34.86%	33.07%	33.26%	33.6%	31.4%	27.59%	33.76%	30.77%	34.12%	35.62%	35.56%
Net Income	78.7M	48.4M	39M	37.5M	98.4M	104.6M	14.2M	60.27M	46.73M	31.56M	23.3M	33.14M	43.77M	37.98M	37.4M	37.68M	21.4M	1.86M	25.73M	22.13M	16.22M	12.81M	7.83M	2.18M	1.78M	950K	3.92M	1.8M	5.6M	4.7M	2.9M
Net Margin %	8.74%	5.77%	4.84%	4.49%	11.11%	12.03%	2.72%	10.87%	9.2%	9.2%	11.83%	16.51%	19.23%	18.5%	18.3%	18.45%	14.2%	1.91%	14.44%	13.22%	11.4%	10.97%	8.29%	3.07%	2.75%	1.46%	4.9%	2.58%	7.79%	7.32%	5.31%
Net Income Growth %	132.84%	24.1%	4%	-61.89%	-5.93%	636.62%	-76.44%	28.97%	48.08%	35.42%	-29.68%	-24.3%	15.25%	1.57%	-0.74%	76.06%	1053.02%	-92.79%	16.28%	36.42%	26.66%	63.58%	259.83%	22.38%	87.16%	-75.77%	117.83%	-67.86%	19.15%	62.07%	-50.85%
Net Income (Continuing)	78.7M	48.4M	39M	37.5M	98.4M	104.6M	14.2M	60.27M	46.73M	31.56M	23.3M	33.14M	43.77M	37.98M	37.4M	37.68M	21.4M	1.86M	25.73M	22.13M	16.22M	12.81M	7.83M	2.18M	1.78M	950K	3.92M	1.8M	5.6M	4.7M	2.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	2.38	1.45	1.17	1.14	3.02	3.22	0.44	1.88	1.49	1.17	0.87	1.24	1.65	1.45	1.44	1.47	0.84	0.07	1.03	0.89	0.66	0.52	0.34	0.10	0.08	0.04	0.18	0.08	0.26	0.22	0.08
EPS Growth %	133.66%	23.93%	2.63%	-62.25%	-6.21%	631.82%	-76.6%	26.17%	27.35%	34.48%	-29.84%	-24.85%	13.79%	0.69%	-2.04%	75%	1045.98%	-92.88%	15.73%	34.85%	26.92%	52.94%	240%	25%	92.77%	-76.94%	116.87%	-68.08%	18.18%	185.34%	-77.32%
EPS (Basic)	-	1.46	1.17	1.14	3.03	3.24	0.44	1.88	1.49	1.17	0.87	1.24	1.65	1.45	1.44	1.47	0.84	0.07	1.03	0.90	0.66	0.52	0.34	0.10	0.08	0.04	0.18	0.09	0.26	0.22	0.08
Diluted Shares Outstanding	33M	33.3M	33.3M	33M	32.6M	32.48M	32.09M	32.02M	31.31M	27.03M	26.89M	26.69M	26.46M	26.21M	25.97M	25.68M	25.48M	25.3M	24.95M	24.75M	24.61M	24.57M	23.28M	21.76M	22.24M	22.12M	22.19M	22.17M	21.72M	21.93M	18.23M
Basic Shares Outstanding	32.9M	33.2M	33.2M	32.9M	32.5M	32.3M	32.09M	32.02M	31.31M	27.03M	26.89M	26.69M	26.46M	26.21M	25.94M	25.64M	25.43M	25.26M	24.9M	24.66M	24.48M	24.36M	23.11M	21.76M	21.71M	21.57M	21.55M	21.53M	21.24M	21.29M	18.23M
Dividend Payout Ratio	-	24.79%	30.51%	31.47%	11.89%	11.09%	81.69%	19.12%	23.55%	32.51%	46.1%	36.21%	87.62%	24.84%	109.36%	25.47%	68.39%	406.63%	29.01%	23.35%	26.81%	21.09%	18.93%	661.95%	0.06%	107.58%	26.04%	55.56%	17.86%	251.06%	103.45%

Key Metrics

Growth RegimeAccelerating

ProfitabilityModerate

Balance SheetAdequate

Cash FlowImproving

Top Statement Risk

Recreational market cyclicality and margin compression

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Revenue Momentum Rebounding After Cyclical Dip

Revenue grew 9.1% year-over-year in 2026Q2 to $231.9M, marking the third consecutive quarter of accelerating growth after a trough in 2025Q1, according to the latest quarterly report.

The sequential progression from $195.5M in 2025Q1 to $231.9M in 2026Q2 indicates a clear recovery, likely driven by improving demand in core hydraulics and stabilization in electronics. However, forward guidance of $215M-$222M for Q3 implies a sequential decline, suggesting the pace may moderate. Investors should monitor whether this reflects typical seasonality or a broader demand pullback.

Gross Margin Expansion Signals Pricing Power

Gross margin improved to 34.6% in 2026Q2, up from 31.8% a year earlier, as reported in the income statement, suggesting effective cost management and favorable product mix.

The 280 basis point year-over-year expansion in gross margin indicates that the company is successfully passing through input costs or benefiting from higher-margin electronics sales. This is a positive sign for structural profitability, though sustainability depends on continued demand and raw material stability. The recent softening in recreational marine and spa markets could pressure margins if volumes decline.

Operating Leverage Emerging from Cost Discipline

Operating income surged to $32.5M in 2026Q2, a 48% increase year-over-year, with operating margin expanding to 14.0% from 10.3%, based on reported figures, indicating strong operating leverage.

The revenue growth of 9.1% translated into a much larger percentage gain in operating income, suggesting that fixed costs are being spread over a larger base. SG&A expenses remained relatively flat at around $37M, demonstrating disciplined overhead control. This leverage is encouraging, but the implied sequential revenue decline in Q3 guidance may limit further margin expansion.

Earnings Quality Boosted by One-Time Items

Net income of $21.9M in 2026Q2 included a $2.1M stock-based compensation charge, but EPS of $0.66 exceeded estimates, as per the latest earnings release, suggesting underlying operational strength.

The EPS beat of $0.88 vs. $0.80 estimate indicates that core operations are performing well, but the modest SBC expense suggests that reported earnings are not heavily diluted. However, the prior quarter's operating income of $1.3M in 2025Q3 was unusually low, likely due to one-time charges, which may distort year-over-year comparisons. Investors should adjust for such anomalies to assess run-rate profitability.

COGS Efficiency Drives Margin Gains

COGS as a percentage of revenue fell to 65.4% in 2026Q2 from 68.2% in the prior year, as reported in the income statement, indicating improved cost absorption and procurement benefits.

The reduction in COGS ratio suggests that the company is benefiting from higher volumes and possibly lower input costs. SG&A remained stable at around $37M, indicating that the company is not increasing overhead proportionally with revenue. This cost discipline is critical for sustaining margin improvements, but any spike in steel or semiconductor prices could reverse these gains.

Recreational Market Softening Could Undermine Growth

Despite the strong Q2 beat, forward revenue guidance of $215M-$222M implies a sequential decline, and persistent weakness in marine and spa markets may pressure high-margin electronics sales, as noted in recent context.

The company's exposure to discretionary recreational end-markets, particularly in the Electronics segment, poses a risk to the current growth trajectory. If consumer demand for boats and hot tubs continues to soften, revenue and margins could contract. Additionally, the implied sequential decline in Q3 guidance suggests that the recovery may be losing momentum, warranting close monitoring of order trends.

HLIO — Frequently Asked Questions

Quick answers to the most common questions about buying HLIO stock.

What was Helios Technologies, Inc.'s (HLIO) revenue in 2025?

For fiscal year 2025, Helios Technologies, Inc. (HLIO) reported total revenue of $839.0M. This represents a 1436.6% increase compared to $54.6M in 1996.

Is Helios Technologies, Inc. (HLIO) profitable?

Helios Technologies, Inc. (HLIO) is profitable, generating $48.4M in net income for the fiscal year ending 2025 with a net profit margin of 5.8%.

What is Helios Technologies, Inc.'s operating profit margin?

Helios Technologies, Inc. (HLIO) reported an operating income of $66.0M, resulting in an operating profit margin of 7.9%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Helios Technologies, Inc.'s gross profit and gross margin?

Helios Technologies, Inc. (HLIO) generated $271.2M in gross profit for the year, representing a gross profit margin of 32.3%. This demonstrates the company's core pricing power and production efficiency.