Helix Energy Solutions Group Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Helix Energy Solutions Group Inc (HLX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Helix Energy Solutions Group Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,303M vs 80,545M combined for tracked competitors (1.6% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-6.7% annualized vs trailing 12 months), vs holding steady (+0.8%) for its tracked peer group.
- Growth: Helix Energy Solutions Group Inc generated 0.7% revenue growth year over year in Q2 2026, vs 4.5% for its tracked competitors combined.
- Profitability: Its 7.5% net margin compares with 9.0% for the peer group.
- Peer revenue share: Helix Energy Solutions Group Inc accounted for 1.5% of combined revenue among its tracked peer group, down from 1.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.59M compares with $0.38M for the peer group (1.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HLX Sales vs. its Competitors, Q2 2026
Helix Energy Solutions Group Inc reported revenue growth of 0.68 % year on year in Q2 2026, below its competitors' combined revenue growth of 4.54 %.
With a net margin of 7.47 %, Helix Energy Solutions Group Inc reported lower profitability than its competitors (8.96 %).
Helix Energy Solutions Group Inc generated 1.48 % of the combined sales of its peer group, down from 1.53 % a year earlier.
Helix Energy Solutions Group Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Helix Energy Solutions Group Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Helix Energy Solutions Group inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Helix Energy Solutions Group Inc's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.3% year over year, combined, vs 0.7% for Helix Energy Solutions Group Inc. Helix Energy Solutions Group Inc's share of combined industry revenue moved from 0.02% to 0.02%, a gain of 0.00 percentage points.
Helix Energy Solutions Group Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Helix Energy Solutions Group inc | Yes | Yes | Yes | No |
| Competitors combined (15) | ||||
| High-Confidence Competitors (7) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 62.50 % (5 of 8) | 62.50 % (5 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HLX Stock Performance relative to its Competitors
HLX Stock Performance relative to High-Confidence Competitors
HLX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Oceaneering International Inc | 282.9% | Outperformed |
| 2 | Technipfmc Plc | 282.9% | Outperformed |
| 3 | Propetro Holding Corp | 282.9% | Outperformed |
| 4 | Nov Inc | 282.9% | Outperformed |
| 5 | Slb Limited | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Helix Energy Solutions Group Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Helix Energy Solutions Group Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Helix Energy Solutions Group inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Helix Energy Solutions Group inc | 1,569.93 | 1,303.50 |
| Sap Se | 247,748.75 | 41,216.00 |
| Slb Limited | 75,104.22 | 36,365.00 |
| Baker Hughes Company | 55,920.00 | 27,893.00 |
| Technipfmc Plc | 27,849.82 | 10,420.10 |
| Halliburton Company | 26,430.52 | 22,373.00 |
| SUBTOTAL | 457,255.59 | 161,804.59 |
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Sources: Helix Energy Solutions Group inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Helix Energy Solutions Group inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Helix Energy Solutions Group Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| White Fleet | Named by the company | 85% |
| AKOFS Offshore | Named by the company | 85% |
| Briggs Marine | Named by the company | 85% |
| Crescent Energy Services | Named by the company | 85% |
| Fugro | Named by the company | 85% |
| Offshore Liftboats | Named by the company | 85% |
| Supreme Energy | Named by the company | 85% |
| UTROV | Named by the company | 85% |
| Atlantic Marine | Named by the company | 85% |
| Cardinal Services | Named by the company | 85% |
| Expro | Named by the company | 85% |
| Manson Gulf | Named by the company | 85% |
| Seacor | Named by the company | 85% |
| Trendsetter | Named by the company | 85% |
| Aries Marine | Named by the company | 85% |
| C-Dive | Named by the company | 85% |
| DeepOcean | Named by the company | 85% |
| James Fisher | Named by the company | 85% |
| Offshore Marine Contractors | Named by the company | 85% |
| TechnipFMC | Named by the company | 85% |
| Well-Safe Solutions | Named by the company | 85% |
| Baker Hughes | Named by the company | 85% |
| Chet Morrison | Named by the company | 85% |
| FTAI | Named by the company | 85% |
| Oceaneering | Named by the company | 85% |
| Shore Offshore | Named by the company | 85% |
| Turnkey Offshore Project Services | Named by the company | 85% |
| Asso Divers | Named by the company | 85% |
| C-Innovation | Named by the company | 85% |
| DOF Subsea | Named by the company | 85% |
| Laredo Offshore Services | Named by the company | 85% |
| ROVOP | Named by the company | 85% |
| TIOS | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Helix Energy Solutions Group Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Helix Energy Solutions Group Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Helix Energy Solutions Group inc | Well Intervention 72.77 % |
| Slb Limited | Production Systems 42.03 % |
| Baker Hughes Company | Oilfield Services and Equipment 52.34 % |
| Technipfmc Plc | Subsea 88.59 % |
| Halliburton Company | Completion and Production 55.83 % |
| Nov Inc | Services and Rental 22.90 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Helix Energy Solutions Group Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Helix Energy Solutions Group inc | 1,570 | 589,284 | 17,933 |
| Sap Se | 247,749 | 374,691 | 74,592 |
| Slb Limited | 75,104 | 333,624 | 28,899 |
| Baker Hughes Company | 55,920 | 498,089 | 56,304 |
| Technipfmc Plc | 27,850 | 410,127 | 46,345 |
| Halliburton Company | 26,431 | 466,104 | 33,479 |
| PEERS TOTAL | 455,686 | 375,976 | 42,673 |
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Helix Energy Solutions Group Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Slb Limited | Middle East 28.67 % |
| Halliburton Company | North America 39.54 % |
| Weatherford International Plc | Middle East and North Africa 41.32 % |
| Oceaneering International Inc | UNITED STATES 39.32 % |
| Rpc inc | US 98.51 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Helix Energy Solutions Group Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 113 companies in Helix Energy Solutions Group Inc's industry classification, broader than the peer set above. Market cap in millions of $.Helix Energy Solutions Group Inc ranks #0 of 113 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 785, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 285,448 | 18.97 % |
| 2 | Totalenergies Se | 212,542 | 14.13 % |
| 3 | Canadian Natural Resources Limited | 103,568 | 6.88 % |
| 4 | Eni Spa | 95,130 | 6.32 % |
| 5 | Slb Limited | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 8 | Cenovus Energy Inc | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Devon Energy Corp | 1,234 | 5.2% |
| 0 | Helix Energy Solutions Group inc | 1,570 | 0.00 % |
Market cap and industry share for the rest of Helix Energy Solutions Group Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-01.
Helix Energy Solutions Group Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (165 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 13.94 % | 57.30 % (avg) | -43.4 pp |
| Operating Margin | 5.64 % | industry median | -5.8 pp |
| EBITDA Margin | 12.08 % | 11.81 % (avg) | +0.3 pp |
| Capital Intensity (Capex / Revenue) | 1.33 % | 24.95 % (avg) | -23.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Helix Energy Solutions Group Inc's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (165 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 35.6x | 15.8x | +19.8x |
| EV / EBITDA | 7.8x | 8.9x | -1.1x |
| P/B | 0.9x | 1.8x | -0.9x |
| Return on Equity | 2.52 % | industry aggregate | -9.47 % |
| Return on Invested Capital | 1.76 % | 5.38 % (avg) | -3.62 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Helix Energy Solutions Group Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 34.37 % | -3.75 % | -2.44 % | -8.02 % | 27.54 % | - | 5.29 % | -4.89 % |
| Operating Margin | 9.16 % | 9.04 % | 1.78 % | -7.22 % | -5.21 % | 4.93 % | 9.39 % | 5.04 % |
| Return on Invested Capital | 1.90 % | 1.71 % | 0.33 % | -1.26 % | -1.21 % | 1.71 % | 3.10 % | 1.55 % |
| P/E | 24.2x | 23.3x | 29.0x | - | - | 80.7x | 26.9x | 33.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Helix Energy Solutions Group Inc's Strategic Group Map
Every company in Helix Energy Solutions Group Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Helix Energy Solutions Group Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Helix Energy Solutions Group Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 785 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.33 % vs industry average 24.95 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Helix Energy Solutions Group Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Helix Energy Solutions Group Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Helix Energy Solutions Group Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Helix Energy Solutions Group Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Helix Energy Solutions Group Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 5.8 points below the industry median.
- Return on equity 9.5 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-6.7% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Helix Energy Solutions Group Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Helix Energy Solutions Group inc | 1.64 | 2.90 | 0.20 |
| Sap Se | 0.47 | 1.16 | - |
| Slb Limited | 0.20 | 1.37 | 0.38 |
| Baker Hughes Company | - | 1.58 | 0.46 |
| Technipfmc Plc | 0.19 | 1.12 | 0.13 |
| Halliburton Company | 0.36 | 2.02 | 0.68 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Helix Energy Solutions Group Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Helix Energy Solutions Group inc | Q2 2026 | +0.7 % | - |
| Sap Se | Q4 2025 | +7.7 % | +132.6 % |
| Slb Limited | Q2 2026 | +5.0 % | -22.2 % |
| Baker Hughes Company | Q1 2026 | +2.5 % | +129.3 % |
| Technipfmc Plc | Q2 2026 | +9.0 % | +35.0 % |
| Halliburton Company | Q2 2026 | +3.7 % | +11.3 % |
| PEERS TOTAL | +5.9 % | +82.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Helix Energy Solutions Group Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Helix Energy Solutions Group inc | Q2 2026 | +4.0 % | +60.6 % |
| Sap Se | Q4 2025 | +8.0 % | - |
| Slb Limited | Q2 2026 | +79.3 % | +29.0 % |
| Baker Hughes Company | Q1 2026 | +3.1 % | +12.0 % |
| Technipfmc Plc | Q2 2026 | - | -28.1 % |
| Halliburton Company | Q2 2026 | - | -33.6 % |
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Helix Energy Solutions Group Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Helix Energy Solutions Group inc | 1.53% | 1.52% | 2.52% |
| Sap Se | 10.41% | 13.84% | 16.25% |
| Slb Limited | 5.73% | 7.18% | 11.58% |
| Baker Hughes Company | 7.43% | 11.19% | 16.88% |
| Technipfmc Plc | 11.54% | 22.48% | 35.07% |
| Halliburton Company | 6.36% | 7.98% | 15.08% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Helix Energy Solutions Group Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Helix Energy Solutions Group inc | 39.81 | 1.20 |
| Sap Se | 34.60 | 6.01 |
| Slb Limited | 23.86 | 2.07 |
| Baker Hughes Company | 17.89 | 2.00 |
| Technipfmc Plc | 23.99 | 2.67 |
| Halliburton Company | 16.60 | 1.18 |
| PEERS AVERAGE | 25.05 | 2.83 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.