HLX vs. TXRH

Last updated Jun 3, 2026

HLX (Helix Energy Solutions Group, Inc.) and TXRH (Texas Roadhouse, Inc.) are both stocks. HLX operates in Oil & Gas Equipment & Services (Energy), while TXRH operates in Restaurants (Consumer Cyclical). Over the past 10 years, HLX returned 1.95%/yr vs 16.10%/yr for TXRH. At a 0.26 correlation, their price movements are largely independent.

Performance

HLX vs. TXRH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Helix Energy Solutions Group, Inc. (HLX) and Texas Roadhouse, Inc. (TXRH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLX achieves a 55.02% return, which is significantly higher than TXRH's 3.87% return. Over the past 10 years, HLX has underperformed TXRH with an annualized return of 1.95%, while TXRH has yielded a comparatively higher 16.10% annualized return.

HLX

• 1D: 1.67%
• 1M: -5.54%
• YTD: 55.02%
• 6M: 39.26%
• 1Y: 55.27%
• 3Y*: 11.40%
• 5Y*: 9.55%
• 10Y*: 1.95%

TXRH

• 1D: -2.12%
• 1M: 8.46%
• YTD: 3.87%
• 6M: 1.48%
• 1Y: -10.41%
• 3Y*: 17.37%
• 5Y*: 14.23%
• 10Y*: 16.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLX vs. TXRH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLX Helix Energy Solutions Group, Inc.	55.02%	-32.73%	-9.34%	39.30%	136.54%	-25.71%	-56.39%	78.00%	-28.25%	-14.51%
TXRH Texas Roadhouse, Inc.	3.87%	-6.57%	49.78%	37.15%	4.16%	15.71%	39.83%	-3.62%	15.11%	11.16%

Correlation

The correlation between HLX and TXRH is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004	0.26

Over the past year, the correlation between HLX and TXRH has dropped to 0.04 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.

Fundamentals

Market Cap HLX : $1.43B TXRH : $11.30B
EPS HLX : $0.10 TXRH : $6.26
PE Ratio HLX : 100.35 TXRH : 27.31
PEG Ratio HLX : 2.23 TXRH : 1.70
PS Ratio HLX : 1.11 TXRH : 1.87
Total Revenue (TTM) HLX : $1.30B TXRH : $6.06B
Gross Profit (TTM) HLX : $140.43M TXRH : $1.14B
EBITDA (TTM) HLX : $178.55M TXRH : $701.29M

Return for Risk

HLX vs. TXRH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLX

HLX Risk / Return Rank: 74
HLX Sharpe Ratio Rank: 74
HLX Sortino Ratio Rank: 69
HLX Omega Ratio Rank: 69
HLX Calmar Ratio Rank: 80
HLX Martin Ratio Rank: 77

TXRH

TXRH Risk / Return Rank: 22
TXRH Sharpe Ratio Rank: 25
TXRH Sortino Ratio Rank: 21
TXRH Omega Ratio Rank: 22
TXRH Calmar Ratio Rank: 21
TXRH Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLX vs. TXRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Helix Energy Solutions Group, Inc. (HLX) and Texas Roadhouse, Inc. (TXRH). 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	TXRH	Difference
Sharpe ratio Return per unit of total volatility	1.16	-0.37	+1.52
Sortino ratio Return per unit of downside risk	1.71	-0.39	+2.10
Omega ratio Gain probability vs. loss probability	1.23	0.96	+0.27
Calmar ratio Return relative to maximum drawdown	2.74	-0.54	+3.28
Martin ratio Return relative to average drawdown	5.70	-0.93	+6.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLX vs. TXRH - Sharpe Ratio Comparison

The current HLX Sharpe Ratio is 1.16, which is higher than the TXRH Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of HLX and TXRH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLX	TXRH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	-0.37	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.47	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.45	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.41	-0.37

Drawdowns

HLX vs. TXRH - Drawdown Comparison

The maximum HLX drawdown since its inception was -97.87%, which is greater than TXRH's maximum drawdown of -76.59%. Use the drawdown chart below to compare losses from any high point for HLX and TXRH.

Drawdown Indicators

	HLX	TXRH	Difference
Max Drawdown Largest peak-to-trough decline	-97.87%	-76.59%	-21.28%
Max Drawdown (1Y) Largest decline over 1 year	-20.83%	-19.61%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-55.54%	-24.82%	-30.72%
Max Drawdown (5Y) Largest decline over 5 years	-61.66%	-30.45%	-31.21%
Max Drawdown (10Y) Largest decline over 10 years	-91.46%	-58.04%	-33.42%
Current Drawdown Current decline from peak	-79.25%	-14.42%	-64.83%
Average Drawdown Average peak-to-trough decline	-55.19%	-16.15%	-39.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.01%	11.40%	-1.39%

Volatility

HLX vs. TXRH - Volatility Comparison

The current volatility for Helix Energy Solutions Group, Inc. (HLX) is 10.58%, while Texas Roadhouse, Inc. (TXRH) has a volatility of 14.06%. This indicates that HLX experiences smaller price fluctuations and is considered to be less risky than TXRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLX	TXRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	14.06%	-3.48%
Volatility (6M) Calculated over the trailing 6-month period	34.07%	21.44%	+12.63%
Volatility (1Y) Calculated over the trailing 1-year period	47.99%	28.51%	+19.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.56%	30.46%	+21.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.75%	35.55%	+30.20%

Dividends

HLX vs. TXRH - Dividend Comparison

HLX has not paid dividends to shareholders, while TXRH's dividend yield for the trailing twelve months is around 2.07%.

Position	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%
TXRH Texas Roadhouse, Inc.	2.07%	1.64%	1.35%	1.80%	2.02%	1.34%	0.46%	2.13%	1.68%	1.59%	1.58%	1.90%

Financials

HLX vs. TXRH - Profitability Comparison

The chart below illustrates the profitability comparison between Helix Energy Solutions Group, Inc. and Texas Roadhouse, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HLX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Helix Energy Solutions Group, Inc. reported a gross profit of 8.83M and revenue of 287.95M. Therefore, the gross margin over that period was 3.1%.

TXRH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Roadhouse, Inc. reported a gross profit of 499.53M and revenue of 1.63B. Therefore, the gross margin over that period was 30.6%.

HLX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Helix Energy Solutions Group, Inc. reported an operating income of -13.32M and revenue of 287.95M, resulting in an operating margin of -4.6%.

TXRH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Roadhouse, Inc. reported an operating income of 146.34M and revenue of 1.63B, resulting in an operating margin of 9.0%.

HLX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Helix Energy Solutions Group, Inc. reported a net income of -13.41M and revenue of 287.95M, resulting in a net margin of -4.7%.

TXRH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Roadhouse, Inc. reported a net income of 123.43M and revenue of 1.63B, resulting in a net margin of 7.6%.

Frequently Asked Questions

Can I hold both HLX and TXRH in my portfolio?

HLX and TXRH have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLX or TXRH?

TXRH has higher volatility (14.06%) compared to HLX (10.58%). In terms of maximum drawdown, HLX dropped -97.87% vs TXRH's -76.59%.

Which has better risk-adjusted returns?

HLX currently has the higher Sharpe Ratio (1.16 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.