Helix Energy Solutions Group, Inc.

$10.60

+2.91%

N/A+$0.30

Energy

Oil & Gas Equipment & Services

NYSE

Inactive

Helix Energy Solutions Group, Inc., founded in 1979 and based in Houston, Texas, (and known as Cal Dive International, Inc., until its ...

Snapshot

Latest / TTM · 6 periods

Market Cap

$1.56B

ROCE

3.2%

EV / EBITDA

5.27x

+0.5% YoY

FCF Yield

15.1%

+2.2% YoY

Cash Conversion Cycle

17.0d

Current Ratio

3.47

Quick take

TTM —

Positive CCC

Key Metrics

Latest / TTM · 6 periods

Valuation trend table

Metric	2021	2022	2023	2024	2025	TTM
Market CapTotal market value of all shares outstanding.	$468.17M	$1.12B	$1.55B	$1.42B	$930.15M	$1.56B
Enterprise ValueCompany value including debt and cash adjustments.	$625.61M	$1.40B	$1.76B	$1.71B	$1.11B	$1.52B
EV / SalesHow many dollars investors pay per dollar of sales.	0.93x	1.60x	1.36x	1.26x	0.86x	1.17x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	6.63x	15.96x	9.12x	6.75x	4.41x	5.27x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	1.67	3.23	1.08	1.16	0.73	-0.15

ROCE latest

3.2%

Prev year 2.7%

Returns + ROCE gauge table

Metric	2021	2022	2023	2024	2025	TTM
ROEProfit generated from shareholders' equity.	-3.7%	-5.8%	-0.7%	3.7%	2.0%	2.5%
ROAProfit generated from total assets.	-2.7%	-3.7%	-0.4%	2.1%	1.1%	1.5%
ROICReturn generated on invested operating capital.	-2.0%	-3.2%	-2.1%	3.6%	2.2%	2.1%
ROCEOperating return on long-term capital used.	-2.3%	-1.2%	5.0%	5.6%	2.7%	3.2%
Earnings YieldEarnings as a percentage of market value.	-13.2%	-7.9%	-0.7%	3.9%	3.3%	2.5%

Cash flow quality table

Metric	2021	2022	2023	2024	2025	TTM
FCFFCash flow available to all capital providers.	$152.31M	$41.16M	$102.06M	$185.71M	$136.94M	$251.67M
FCFECash flow available to equity holders after debt flows.	$40.84M	$-25.33M	$161.97M	$93.26M	$111.22M	$226.34M
FCF YieldFree cash flow divided by market capitalization.	28.2%	1.6%	8.6%	11.5%	12.9%	15.1%
Income QualityHow well accounting earnings are backed by cash flow.	-2.27	-0.58	-14.07	3.34	4.44	6.38
Capex / OCFShare of operating cash flow spent on capital expenditures.	5.9%	65.6%	12.8%	12.5%	12.0%	6.9%

Operating efficiency table

Metric	2021	2022	2023	2024	2025	TTM
DSOAverage days to collect cash from customers.	94.5d	91.6d	81.0d	73.5d	91.1d	57.4d
DIOAverage days inventory stays before being sold.	0.0d	1.1d	0.0d	0.0d	0.0d	0.0d
DPOAverage days the company takes to pay suppliers.	48.7d	60.0d	45.1d	46.4d	43.3d	40.4d
Operating CycleTime from buying inventory to collecting receivables.	94.5d	92.7d	81.0d	73.5d	91.1d	57.4d
Cash Conversion CycleNet days cash is tied in operations.	45.8d	32.7d	35.9d	27.1d	47.8d	17.0d