NYSE : HOS
Hornbeck Offshore Services, Inc. — Financial statements
Other · United States
Last price 7.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.27B
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Financial statements
Hornbeck Offshore Services, Inc. (HOS) reported revenue of 729.38M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 729.38M | 719.83M | 640.85M | 573.45M | 451.23M | 256.30M |
| Cost of Revenue | 379.00M | 376.29M | 364.58M | 305.46M | 214.79M | 142.82M |
| Gross Profit | 350.38M | 343.54M | 276.27M | 267.99M | 236.44M | 113.48M |
| Selling, General & Admin | 77.68M | 74.46M | 71.11M | 66.11M | 58.95M | 40.63M |
| Amortization of Goodwill & Intangibles | 52.96M | 43.81M | 26.73M | 21.50M | 10.34M | 2.71M |
| Operating Expenses | 184.97M | 167.55M | 145.04M | 133.06M | 93.22M | 62.39M |
| Operating Income | 165.40M | 175.99M | 131.23M | 134.93M | 143.22M | 51.09M |
| Interest Expense | -35.06M | -32.56M | -26.38M | -39.80M | -41.17M | -35.79M |
| Interest & Investment Income | 6.07M | 6.52M | 5.76M | 9.76M | 2.83M | 510.00K |
| Currency Exchange Gain (Loss) | -470.00K | -692.00K | -1.43M | -1.56M | -198.00K | -434.00K |
| Other Non Operating Income (Expenses) | -3.55M | -3.73M | -13.76M | -38.54M | -13.54M | |
| EBT Excluding Unusual Items | 132.39M | 149.25M | 105.44M | 89.57M | 66.14M | 1.84M |
| Merger & Restructuring Charges | -12.45M | |||||
| Gain (Loss) on Sale of Assets | 1.99M | 13.22M | 42.00K | 2.70M | 21.84M | 2.68M |
| Other Unusual Items | -67.00K | -1.24M | -44.00K | |||
| Pretax Income | 121.93M | 162.41M | 105.48M | 91.03M | 87.94M | 4.52M |
| Income Tax Expense | -6.97M | -10.98M | 12.68M | 16.50M | 7.17M | 1.53M |
| Net Income | 128.90M | 173.39M | 92.80M | 74.54M | 80.76M | 2.99M |
| Net Income to Common | 128.90M | 173.39M | 92.80M | 74.54M | 80.76M | 2.99M |
| Shares Outstanding (Basic) | 15.69M | 15.96M | 17.09M | 17.00M | 16.83M | 14.98M |
| Shares Outstanding (Diluted) | 17.86M | 18.05M | 19.20M | 19.16M | 18.39M | 15.50M |
| EPS (Basic) | 8.22 | 10.86 | 5.43 | 4.38 | 4.80 | 0.20 |
| EPS (Diluted) | 7.22 | 9.60 | 4.83 | 3.89 | 4.39 | 0.19 |
| Free Cash Flow | 62.44M | 13.94M | -103.60M | -25.13M | -19.11M | 42.34M |
| Free Cash Flow Per Share | 3.50 | 0.77 | -5.40 | -1.31 | -1.04 | 2.73 |
| Gross Margin | 48.04% | 47.73% | 43.11% | 46.73% | 52.40% | 44.28% |
| Operating Margin | 22.68% | 24.45% | 20.48% | 23.53% | 31.74% | 19.93% |
| Profit Margin | 17.67% | 24.09% | 14.48% | 13.00% | 17.90% | 1.17% |
| Free Cash Flow Margin | 8.56% | 1.94% | -16.17% | -4.38% | -4.24% | 16.52% |
| EBITDA | 264.18M | 261.36M | 195.77M | 182.78M | 172.16M | 69.48M |
| EBITDA Margin | 36.22% | 36.31% | 30.55% | 31.87% | 38.15% | 27.11% |
| D&A For EBITDA | 98.78M | 85.37M | 64.55M | 47.85M | 28.94M | 18.38M |
| EBIT | 165.40M | 175.99M | 131.23M | 134.93M | 143.22M | 51.09M |
| EBIT Margin | 22.68% | 24.45% | 20.48% | 23.53% | 31.74% | 19.93% |
| Effective Tax Rate | 12.02% | 18.12% | 8.16% | 33.92% | ||
| Revenue as Reported | 729.38M | 719.83M | 640.85M | 573.45M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 95.65M | 54.17M | 80.80M | 120.06M | 217.30M | 180.45M |
| Cash & Short-Term Investments | 95.65M | 54.17M | 80.80M | 120.06M | 217.30M | 180.45M |
| Accounts Receivable | 167.29M | 164.69M | 145.53M | 126.44M | 117.62M | 70.92M |
| Other Receivables | 22.06M | 19.03M | 13.76M | 7.96M | 5.96M | |
| Receivables | 189.35M | 183.72M | 159.28M | 134.40M | 123.58M | 70.92M |
| Prepaid Expenses | 6.28M | 4.94M | 4.49M | 4.87M | 4.19M | 2.63M |
| Other Current Assets | 16.46M | 14.18M | 12.38M | 11.50M | 12.86M | 14.33M |
| Total Current Assets | 307.75M | 257.01M | 256.95M | 270.82M | 357.93M | 268.33M |
| Property, Plant & Equipment | 786.86M | 782.45M | 696.62M | 626.15M | 474.82M | 351.74M |
| Long-Term Deferred Tax Assets | 8.22M | 16.03M | ||||
| Long-Term Deferred Charges | 121.15M | 97.23M | 72.08M | 48.34M | 26.78M | 14.88M |
| Other Long-Term Assets | 57.00K | 57.00K | 822.00K | 1.21M | 692.00K | 1.94M |
| Total Assets | 1.22B | 1.15B | 1.03B | 946.52M | 860.22M | 636.89M |
| Accounts Payable | 89.92M | 58.25M | 71.09M | 76.48M | 42.98M | 25.61M |
| Accrued Expenses | 33.52M | 37.36M | 32.76M | 44.20M | 34.92M | 26.28M |
| Current Portion of Long-Term Debt | 34.59M | 30.26M | ||||
| Current Portion of Leases | 8.33M | 8.34M | 5.49M | 5.44M | 6.89M | 2.92M |
| Current Unearned Revenue | 2.74M | 3.92M | 6.69M | 2.82M | 3.42M | 4.14M |
| Other Current Liabilities | 4.69M | 4.14M | 1.96M | 1.48M | ||
| Total Current Liabilities | 173.79M | 142.27M | 118.00M | 130.41M | 88.20M | 58.96M |
| Long-Term Debt | 416.96M | 410.35M | 441.23M | 349.00M | 410.26M | 347.24M |
| Long-Term Leases | 20.77M | 23.44M | 19.45M | 20.66M | 20.57M | 20.39M |
| Long-Term Deferred Tax Liabilities | 6.05M | 2.00M | 103.00K | 47.00K | ||
| Other Long-Term Liabilities | 8.35M | 8.36M | 7.59M | 83.15M | 70.25M | 26.38M |
| Total Liabilities | 619.87M | 584.42M | 592.33M | 585.23M | 589.39M | 453.01M |
| Additional Paid-In Capital | 262.23M | 259.17M | 264.87M | 210.78M | 197.01M | 191.68M |
| Retained Earnings | 341.57M | 311.34M | 176.76M | 148.43M | 73.89M | -6.87M |
| Comprehensive Income & Other | 364.00K | -2.14M | -7.49M | 2.09M | -64.00K | -931.00K |
| Shareholders' Equity | 604.16M | 568.36M | 434.14M | 361.29M | 270.83M | 183.87M |
| Total Liabilities & Equity | 1.22B | 1.15B | 1.03B | 946.52M | 860.22M | 636.89M |
| Total Debt | 480.65M | 472.39M | 466.18M | 375.10M | 437.73M | 370.55M |
| Net Cash (Debt) | -385.00M | -418.23M | -385.37M | -255.04M | -220.42M | -190.10M |
| Net Cash Per Share | -21.56 | -23.16 | -20.07 | -13.31 | -11.98 | -12.27 |
| Filing Date Shares Outstanding | 16.86M | 16.82M | 17.39M | 16.93M | 16.76M | 14.98M |
| Total Common Shares Outstanding | 16.86M | 16.82M | 17.39M | 16.93M | 16.76M | 14.98M |
| Working Capital | 133.96M | 114.74M | 138.95M | 140.41M | 269.73M | 209.37M |
| Book Value Per Share | 35.84 | 33.80 | 24.96 | 21.34 | 16.16 | 12.27 |
| Tangible Book Value | 604.16M | 568.36M | 434.14M | 361.29M | 270.83M | 183.87M |
| Tangible Book Value Per Share | 35.84 | 33.80 | 24.96 | 21.34 | 16.16 | 12.27 |
| Machinery | 798.56M | 787.26M | 627.24M | 523.79M | 437.56M | 334.77M |
| Construction In Progress | 115.81M | 96.13M | 142.77M | 137.90M | 35.57M | 2.38M |
| Order Backlog | 964.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 128.90M | 173.39M | 92.80M | 74.54M | 80.76M | 2.99M |
| Depreciation & Amortization | 98.78M | 85.37M | 64.55M | 47.85M | 28.94M | 18.38M |
| Other Amortization | 4.16M | 4.66M | 913.00K | 1.41M | 572.00K | 26.00K |
| Loss (Gain) From Sale of Assets | -1.99M | -13.22M | -42.00K | -2.70M | -21.84M | -2.61M |
| Stock-Based Compensation | 8.52M | 7.72M | 9.38M | 19.10M | 5.33M | 3.37M |
| Provision & Write-off of Bad Debts | 1.18M | -418.00K | 1.62M | 551.00K | 257.00K | 44.00K |
| Other Operating Activities | -6.52M | -5.98M | -75.18M | 21.26M | 71.91M | 44.41M |
| Change in Accounts Receivable | 12.88M | -16.20M | -25.71M | -8.55M | -45.47M | -20.19M |
| Change in Accounts Payable | 21.78M | -7.08M | 11.15M | 15.38M | 8.30M | 10.05M |
| Change in Other Net Operating Assets | -100.19M | -86.16M | -63.01M | -22.72M | -15.81M | -6.87M |
| Operating Cash Flow | 167.49M | 142.07M | 16.48M | 146.12M | 112.97M | 49.61M |
| Capital Expenditures | -105.05M | -128.13M | -120.08M | -171.24M | -132.08M | -7.27M |
| Sale of Property, Plant & Equipment | 2.41M | 13.43M | 59.00K | 2.90M | 22.93M | 3.15M |
| Investing Cash Flow | -102.64M | -114.70M | -120.02M | -168.34M | -109.16M | -4.12M |
| Long-Term Debt Issued | 443.25M | |||||
| Long-Term Debt Repaid | -3.52M | -275.02M | -70.89M | -4.64M | -18.75M | |
| Net Debt Issued (Repaid) | 7.44M | -3.52M | 168.23M | -70.89M | -4.64M | -18.75M |
| Issuance of Common Stock | 22.02M | |||||
| Repurchase of Common Stock | -47.40M | -47.80M | -82.18M | -5.11M | ||
| Other Financing Activities | -4.80M | -4.65M | -17.77M | -34.00K | 37.51M | 34.36M |
| Financing Cash Flow | -44.76M | -55.97M | 68.27M | -76.04M | 32.88M | 37.62M |
| Foreign Exchange Rate Adjustments | 632.00K | 1.19M | -3.98M | 1.44M | 196.00K | -463.00K |
| Net Cash Flow | 20.72M | -27.40M | -39.25M | -96.83M | 36.88M | 82.65M |
| Free Cash Flow | 62.44M | 13.94M | -103.60M | -25.13M | -19.11M | 42.34M |
| Free Cash Flow Margin | 8.56% | 1.94% | -16.17% | -4.38% | -4.24% | 16.52% |
| Free Cash Flow Per Share | 3.50 | 0.77 | -5.40 | -1.31 | -1.04 | 2.73 |
| Levered Free Cash Flow | 23.73M | -17.56M | -9.90M | -60.93M | ||
| Unlevered Free Cash Flow | 42.19M | -1.28M | 14.59M | -35.77M | ||
| Cash Interest Paid | 42.95M | 39.87M | 29.40M | 32.97M | 8.87M | 8.47M |
| Cash Income Tax Paid | 13.55M | 15.92M | 20.81M | 9.31M | 474.00K | 2.40M |
| Change in Working Capital | -65.53M | -109.45M | -77.57M | -15.89M | -52.97M | -17.01M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Debt / Equity Ratio | 0.80 | 0.83 | 1.07 | 1.04 | 1.62 | 2.02 |
| Debt / EBITDA Ratio | 1.78 | 1.77 | 2.29 | 1.94 | 2.48 | 5.05 |
| Debt / FCF Ratio | 7.70 | 33.88 | 8.75 | |||
| Net Debt / Equity Ratio | 0.64 | 0.74 | 0.89 | 0.71 | 0.81 | 1.03 |
| Net Debt / EBITDA Ratio | 1.46 | 1.60 | 1.97 | 1.40 | 1.28 | 2.74 |
| Net Debt / FCF Ratio | 6.17 | 30.00 | -3.72 | -10.15 | -11.53 | 4.49 |
| Asset Turnover | 0.66 | 0.65 | 0.64 | 0.60 | ||
| Quick Ratio | 1.64 | 1.67 | 2.04 | 1.95 | 3.87 | 4.26 |
| Current Ratio | 1.77 | 1.81 | 2.18 | 2.08 | 4.06 | 4.55 |
| Return on Equity (ROE) | 34.59% | 23.33% | 23.58% | 35.52% | ||
| Return on Assets (ROA) | 10.09% | 8.31% | 9.34% | 11.96% | ||
| Return on Invested Capital (ROIC) | 16.68% | 19.49% | 16.08% | 19.95% | 30.40% | 9.03% |
| Return on Capital Employed (ROCE) | 15.70% | 17.40% | 14.40% | 16.50% | 18.60% | 8.80% |
| Buyback Yield / Dilution | 3.97% | 5.95% | -0.21% | -4.15% | -18.69% | 50.70% |