HLX vs. NOV
Compare and contrast key facts about Helix Energy Solutions Group, Inc. (HLX) and National Oilwell Varco, Inc. (NOV).
Performance
HLX vs. NOV - Performance Comparison
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HLX vs. NOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLX Helix Energy Solutions Group, Inc. | 49.44% | -32.73% | -9.34% | 39.30% | 136.54% | -25.71% | -56.39% | 78.00% | -28.25% | -14.51% |
NOV National Oilwell Varco, Inc. | 20.03% | 11.30% | -26.81% | -1.83% | 55.72% | -0.89% | -44.93% | -1.69% | -28.28% | -3.23% |
Fundamentals
HLX:
$1.38B
NOV:
$6.85B
HLX:
$0.21
NOV:
$0.39
HLX:
45.13
NOV:
47.81
HLX:
1.00
NOV:
0.58
HLX:
1.08
NOV:
0.79
HLX:
0.83
NOV:
1.08
HLX:
$1.29B
NOV:
$8.74B
HLX:
$159.14M
NOV:
$1.91B
HLX:
$193.41M
NOV:
$734.00M
Returns By Period
In the year-to-date period, HLX achieves a 49.44% return, which is significantly higher than NOV's 20.03% return. Over the past 10 years, HLX has outperformed NOV with an annualized return of 5.65%, while NOV has yielded a comparatively lower -3.38% annualized return.
HLX
- 1D
- -5.26%
- 1M
- 0.64%
- YTD
- 49.44%
- 6M
- 40.48%
- 1Y
- 10.50%
- 3Y*
- 6.58%
- 5Y*
- 12.16%
- 10Y*
- 5.65%
NOV
- 1D
- -0.74%
- 1M
- -6.34%
- YTD
- 20.03%
- 6M
- 39.19%
- 1Y
- 25.89%
- 3Y*
- 2.61%
- 5Y*
- 7.47%
- 10Y*
- -3.38%
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Return for Risk
HLX vs. NOV — Risk / Return Rank
HLX
NOV
HLX vs. NOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Helix Energy Solutions Group, Inc. (HLX) and National Oilwell Varco, Inc. (NOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HLX | NOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.19 | 0.57 | -0.38 |
Sortino ratioReturn per unit of downside risk | 0.65 | 1.06 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.98 | -0.60 |
Martin ratioReturn relative to average drawdown | 0.59 | 2.18 | -1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLX | NOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.57 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.18 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.07 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.12 | -0.08 |
Correlation
The correlation between HLX and NOV is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HLX vs. NOV - Dividend Comparison
HLX has not paid dividends to shareholders, while NOV's dividend yield for the trailing twelve months is around 2.81%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLX Helix Energy Solutions Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOV National Oilwell Varco, Inc. | 2.81% | 3.26% | 1.88% | 0.99% | 0.96% | 0.37% | 0.36% | 0.80% | 0.78% | 0.56% | 1.63% | 5.49% |
Drawdowns
HLX vs. NOV - Drawdown Comparison
The maximum HLX drawdown since its inception was -97.87%, which is greater than NOV's maximum drawdown of -89.77%. Use the drawdown chart below to compare losses from any high point for HLX and NOV.
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Drawdown Indicators
| HLX | NOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.87% | -89.77% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -27.39% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -61.66% | -53.70% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -91.46% | -83.26% | -8.20% |
Current DrawdownCurrent decline from peak | -80.00% | -74.03% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -55.05% | -45.02% | -10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.44% | 12.57% | +8.87% |
Volatility
HLX vs. NOV - Volatility Comparison
Helix Energy Solutions Group, Inc. (HLX) and National Oilwell Varco, Inc. (NOV) have volatilities of 10.83% and 10.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLX | NOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 10.50% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 28.50% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.38% | 45.27% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.42% | 42.86% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.29% | 47.58% | +18.71% |
Financials
HLX vs. NOV - Financials Comparison
This section allows you to compare key financial metrics between Helix Energy Solutions Group, Inc. and National Oilwell Varco, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HLX vs. NOV - Profitability Comparison
HLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Helix Energy Solutions Group, Inc. reported a gross profit of 50.63M and revenue of 334.16M. Therefore, the gross margin over that period was 15.2%.
NOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, National Oilwell Varco, Inc. reported a gross profit of 462.00M and revenue of 2.28B. Therefore, the gross margin over that period was 20.3%.
HLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Helix Energy Solutions Group, Inc. reported an operating income of 12.26M and revenue of 334.16M, resulting in an operating margin of 3.7%.
NOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, National Oilwell Varco, Inc. reported an operating income of -63.00M and revenue of 2.28B, resulting in an operating margin of -2.8%.
HLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Helix Energy Solutions Group, Inc. reported a net income of 8.27M and revenue of 334.16M, resulting in a net margin of 2.5%.
NOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, National Oilwell Varco, Inc. reported a net income of -78.00M and revenue of 2.28B, resulting in a net margin of -3.4%.