Last 48 quarters of trend data · Energy · Oil & Gas Equipment & Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 47.86 | — | 26.13 | 10.93 | — | 102.85 | 17.92 | 14.61 | 14.21 | — | — | 27.92 | 39.94 |
| — | — | +45.8% | -25.1% | — | — | — | -47.7% | -64.4% | — | — | — | — | |
| P/S Ratio | 1.15 | 1.26 | 0.69 | 0.64 | 0.78 | 1.14 | 1.01 | 1.25 | 1.27 | 1.39 | 1.15 | 1.08 | 0.92 |
| — | +11.1% | -31.8% | -48.8% | -38.8% | -18.4% | -12.4% | +15.7% | +38.4% | +18.7% | +19.0% | +102.3% | +27.2% | |
| P/B Ratio | 0.94 | 0.89 | 0.58 | 0.62 | 0.60 | 0.82 | 0.95 | 1.09 | 1.24 | 1.13 | 1.03 | 1.12 | 0.74 |
| — | +9.1% | -38.3% | -43.8% | -51.6% | -27.3% | -8.3% | -2.4% | +67.3% | +45.3% | +40.0% | +184.4% | +141.5% | |
| P/FCF | 12.29 | 6.17 | 2.15 | 10.72 | — | 26.45 | 5.49 | 8.23 | — | 6.78 | 4.24 | 18.36 | 9.36 |
| — | -76.7% | -60.9% | +30.2% | — | +289.9% | +29.6% | -55.1% | — | — | -67.8% | +170.6% | -97.3% | |
| EV / EBITDA | 6.59 | — | 4.93 | 3.03 | 10.25 | 9.36 | 12.24 | 5.89 | 5.83 | 11.14 | 6.24 | 6.18 | 6.66 |
| — | — | -59.7% | -48.6% | +75.8% | -16.0% | +96.3% | -4.7% | -12.5% | -11.1% | -37.7% | +25.6% | -50.4% | |
| EV / EBIT | 25.56 | — | 23.30 | 6.69 | — | 32.95 | 13.39 | 10.87 | 10.17 | — | — | 17.10 | 25.94 |
| — | — | +74.0% | -38.5% | — | — | — | -36.5% | -60.8% | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Helix Energy Solutions Group, Inc.'s operating margin was -4.6% in Q1 2026, down 8.3 pp QoQ and down 7.6 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 2.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 69.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.3% | 3.1% | 15.2% | 17.5% | 4.9% | 9.9% | 16.6% | 19.2% | 20.7% | 6.6% | 14.7% | 20.4% | 17.9% |
| — | -69.0% | -8.6% | -8.7% | -76.1% | +50.0% | +12.7% | -5.8% | +15.5% | +8.7% | +34.9% | +41.5% | +2252.4% | |
| Operating Margin | 5.0% | -4.6% | 3.7% | 12.7% | -1.0% | 2.9% | 8.7% | 13.0% | 14.6% | -0.4% | 7.8% | 9.2% | 6.5% |
| — | -257.3% | -57.8% | -2.6% | -107.2% | +873.2% | +10.8% | +42.4% | +122.9% | +88.6% | +540.5% | +104.1% | +156.1% | |
| Net Margin | 2.4% | -4.7% | 2.5% | 5.9% | -0.9% | 1.1% | 5.7% | 8.6% | 8.9% | -8.9% | -8.5% | 3.9% | 2.3% |
| — | -521.4% | -56.3% | -32.0% | -109.7% | +112.4% | +167.0% | +119.2% | +285.0% | -329.7% | -998.2% | +157.1% | +112.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.0% | -0.8% | 0.5% | 1.4% | -0.2% | 0.2% | 1.3% | 1.9% | 2.2% | -1.8% | -1.9% | 1.0% | 0.5% |
| — | -516.6% | -59.7% | -27.0% | -107.7% | +111.3% | +169.7% | +89.4% | +367.7% | -420.0% | -1134.4% | +181.6% | +124.5% | |
| ROA | 1.2% | -0.5% | 0.3% | 0.8% | -0.1% | 0.1% | 0.8% | 1.1% | 1.2% | -1.0% | -1.1% | 0.6% | 0.3% |
| — | -533.7% | -59.5% | -25.8% | -107.9% | +111.5% | +167.4% | +75.3% | +318.3% | -368.4% | -1094.2% | +178.0% | +122.6% | |
| ROIC | 2.7% | -0.6% | 0.5% | 1.9% | -0.1% | 0.3% | 1.2% | 1.8% | 2.1% | -0.0% | 1.1% | 1.4% | 0.8% |
| — | -268.7% | -59.2% | +9.0% | -105.9% | +805.2% | +9.9% | +21.6% | +167.4% | +86.2% | +636.0% | +189.0% | +206.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 28.1% YoY to 2.92x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.38 | 0.40 | 0.40 | 0.41 | 0.42 | 0.44 | 0.43 | 0.45 | 0.47 | 0.36 | 0.27 | 0.41 |
| — | -9.5% | -8.4% | -7.1% | -9.6% | -9.4% | +20.8% | +55.8% | +9.5% | +54.4% | +16.3% | -23.2% | +14.6% | |
| Debt / EBITDA | 2.49 | — | 11.22 | 6.01 | 20.89 | 15.83 | 18.70 | 7.63 | 7.03 | 15.20 | 7.68 | 5.26 | 10.68 |
| — | — | -40.0% | -21.2% | +197.2% | +4.2% | +143.6% | +45.1% | -34.2% | -3.4% | -42.8% | -51.9% | -72.6% | |
| Current Ratio | 2.69 | 2.92 | 2.69 | 2.54 | 2.19 | 2.28 | 2.33 | 2.29 | 2.00 | 1.68 | 1.56 | 1.42 | 1.34 |
| — | +28.1% | +15.4% | +11.0% | +9.1% | +35.6% | +49.9% | +60.9% | +49.7% | +14.6% | +0.6% | -1.3% | -35.9% | |
| Quick Ratio | 2.69 | 2.92 | 2.69 | 2.54 | 2.19 | 2.28 | 2.33 | 2.29 | 2.00 | 1.68 | 1.56 | 1.42 | 1.34 |
| — | +28.1% | +15.4% | +11.0% | +9.1% | +35.6% | +49.9% | +60.9% | +49.7% | +14.6% | +1.2% | -1.3% | -35.9% | |
| Interest Coverage | 2.87 | -2.55 | 2.13 | 8.35 | -0.04 | 1.43 | 3.89 | 5.64 | 6.60 | -2.19 | -1.88 | 5.95 | 3.14 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Helix Energy Solutions Group, Inc.'s current P/E is 47.9x. The average P/E over the last 2 quarters is 18.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Helix Energy Solutions Group, Inc.'s current operating margin is 5.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Helix Energy Solutions Group, Inc.'s business trajectory between earnings reports.