Helix Energy Solutions Group, Inc. (HLX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HLX Revenue Growth
Revenue Breakdown (FY 2025)
HLX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HLX Revenue Analysis (2014–2025)
As of May 17, 2026, Helix Energy Solutions Group, Inc. (HLX) generated trailing twelve-month (TTM) revenue of $1.30 billion, reflecting modest growth of +3.6% year-over-year. The most recent quarter (Q1 2026) recorded $287.9 million in revenue, down 13.8% sequentially.
Looking at the longer-term picture, HLX's 5-year compound annual growth rate (CAGR) stands at +12.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.36 billion in 2024.
Revenue diversification analysis shows HLX's business is primarily driven by Renewables (85%), and Service, Other (15%). With over half of revenue concentrated in Renewables, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including CLOV (+48.4% YoY), OII (+2.4% YoY), and TDW (-0.9% YoY), HLX has underperformed the peer group in terms of revenue growth. Compare HLX vs CLOV →
HLX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HLXCurrent | $1.3B | +3.6% | +12.0% | 5.0% | |
 CLOV | $1.9B | +48.4% | +23.4% | -4.4% | |
 OII | $2.8B | +2.4% | +8.8% | 10.9% | |
 TDW | $1.4B | -0.9% | +27.8% | 21.4% | |
 TPVG | $97M | - | - | 77.9% | |
 DNOW | $2.8B | +41.3% | +11.7% | -2.9% |
HLX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.29B | -4.9% | $159.1M | 12.3% | $65.1M | 5.0% |
| 2024 | $1.36B | +5.3% | $219.6M | 16.2% | $127.4M | 9.4% |
| 2023 | $1.29B | +47.7% | $200.4M | 15.5% | $105.9M | 8.2% |
| 2022 | $873.1M | +29.4% | $50.6M | 5.8% | $-26,137,000 | -3.0% |
| 2021 | $674.7M | -8.0% | $15.4M | 2.3% | $-48,056,000 | -7.1% |
| 2020 | $733.6M | -2.4% | $79.9M | 10.9% | $13.0M | 1.8% |
| 2019 | $751.9M | +1.6% | $137.8M | 18.3% | $68.0M | 9.0% |
| 2018 | $739.8M | +27.3% | $121.7M | 16.4% | $51.5M | 7.0% |
| 2017 | $581.4M | +19.2% | $62.2M | 10.7% | $-1,130,000 | -0.2% |
| 2016 | $487.6M | -29.9% | $46.5M | 9.5% | $-63,235,000 | -13.0% |
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Start ComparisonHLX — Frequently Asked Questions
Quick answers to the most common questions about buying HLX stock.
Is HLX's revenue growth accelerating or slowing?
HLX revenue growth slowed to +3.6%, below the 5-year CAGR of +12.0%. TTM revenue is $1.3B. The deceleration marks a shift from historical growth rates.
What is HLX's long-term revenue growth rate?
Helix Energy Solutions Group, Inc.'s 5-year revenue CAGR of +12.0% reflects the variable expansion pattern. Current YoY growth of +3.6% is near this long-term average.
How is HLX's revenue distributed by segment?
HLX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.