HOSNYSEOil & Gas Field Services, NECFiscal year ends December 31
HORNBECK OFFSHORE SERVICES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$6.83−0.02 (-0.29%)
Close on Oct 19, 2026
- Market cap
- $1.01B
- P/E (TTM)
- 25.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
12.3%+1.4 pts over 5 years
Operating margin
5.0%+3.3 pts over 5 years
Net margin
2.4%−0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.9% | +13.9% | +12.0% | +6.4% | |
| Gross profit | -27.5% | +46.5% | +14.8% | – | |
| Operating income | -48.9% | – | +38.0% | – | |
| Net income | -44.6% | – | +6.8% | – | |
| EPS, diluted | -41.7% | – | +10.1% | – | |
| Free cash flow | -26.0% | +89.8% | +8.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -6.4% | 1.3% | 2.0% | |
| Return on assets | -3.5% | 0.9% | 1.2% | |
| Current ratio | 2.80 | 1.88 | 2.75 | |
| Debt to equity | 0.49 | 0.20 | 0.19 | |
| Net debt to EBITDA | 5.29× | 0.40× | -0.44× | |
| Interest coverage | -1.4× | 0.4× | 2.0× | |
| Capex to revenue | 38.2% | 2.8% | 1.3% | |
| Diluted shares | 112M | 150M | 148M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hornbeck Offshore Services generated $666.46M from operations and spent $142.67M on capital expenditure, dividends and share buybacks. 71% of that went back into the business.
Generated
$666.46M
Used
$142.67M
Capital expenditure$101.06M71%Dividends$00%Share buybacks$41.61M29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.4%
×Asset turnover0.50×
×Equity multiplier1.68×
=Return on equity, FY20252.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.4% | 0.50× | 1.68× | 2.0% |
| FY2024 | 4.1% | 0.53× | 1.71× | 3.7% |
| FY2023 | -0.8% | 0.52× | 1.64× | -0.7% |
| FY2022 | -10.1% | 0.37× | 1.49× | -5.5% |
| FY2021 | -9.1% | 0.28× | 1.42× | -3.6% |
| FY2020 | 3.0% | 0.29× | 1.48× | 1.3% |
| FY2019 | 7.7% | 0.30× | 1.49× | 3.5% |
| FY2018 | 3.9% | 0.31× | 1.48× | 1.8% |
| FY2017 | 5.2% | 0.25× | 1.62× | 2.1% |
| FY2016 | -16.7% | 0.21× | 1.81× | -6.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$30.83M
- Cash generatingOperating cash flow above zero$136.75M
- Return on assets improvedROA up on the prior year2.2% → 1.2%
- Earnings backed by cashOperating cash flow above net income$136.75M vs $30.83M
- Less leverageLong-term debt to assets fell11.8% → 11.4%
- Better liquidityCurrent ratio rose2.33 → 2.75
- No dilutionShare count did not rise155M → 148M
- Gross margin improvedGross margin up on the prior year16.16% → 12.32%
- More efficientAsset turnover rose0.53 → 0.50