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Hornbeck Offshore Services, Inc. (HOS) stock

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NYSE: HOS NYSE Oil & Gas Equipment & Services Next results ~November 4, 2026

Hornbeck Offshore Services, Inc. is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Hornbeck Offshore Services, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds154 adding, 107 cuttingOf 55 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hornbeck Offshore Services files

Where Hornbeck Offshore Services stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.30bn, up 6.2% on a year earlier, against a decline of 6.7% a quarter earlier. Free-cash-flow margin rose to 18.1% from 8.9% a year earlier. The diluted share count is down 3.9% on a year earlier, which lifts each remaining share. It passes 5 of our 7 financial-health checks.

Our model value for Hornbeck Offshore Services is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Hornbeck Offshore Services, Inc.'s trailing-twelve-month revenue grew 6.2% year on year, with a free-cash-flow margin of 18.1%.

Our discounted-cash-flow model values the business at ~$34 per share in the base case (~$26–$44 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 116.5% while net income fell 20.8%: a 137pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 12.9 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 3.9% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.4bn.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 46% and a beta of 0.5 against the S&P 500.
  • Earnings expected to fall. The consensus expects earnings per share to fall 25% next year.

Latest results: FY2026 Q2

Filed August 6, 2026
Revenue
$304m, up 20.8% on a year earlier
Share reaction
+3.0% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.27

Hornbeck Offshore Services' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-8.9%
  • 1 week-7.7%
  • 1 month-15.0%
  • This year+2.9%
  • 1 year-4.0%
  • 5 years+64.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
5.6%
Net margin
3.0%
EPS (TTM, diluted)
$0.27

Growth

Revenue growth
+6.2%
Change in growth rate
+12.9 pts
Share count change
−3.9%

Cash

Free cash flow (TTM)
$235M
FCF margin
18.1%
Stock pay % of revenue
0.5%

Earnings

Last results
August 6, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Announcement
  4. Leadership
  5. Shareholder vote
  6. Announcement
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hornbeck Offshore Services, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Hornbeck Offshore Services, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$4.7 ~$3.9–$8.0 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.5 ~$0.8–$2.7 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hornbeck Offshore Services, Inc. with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$5.26$8.82$7.54$5.41$9.63$4.20$3.12$7.38$10.28$9.32$6.27$6.45
Market value$554m$984m$1.1bn$794m$1.4bn$630m$468m$1.1bn$1.6bn$1.4bn$931m$949m
+ Net debt (− = net cash)$282m$300m$254m$200m$228m$113m$60m$84m$41m−$44m−$104m−$342m
Enterprise value$837m$1.3bn$1.3bn$994m$1.7bn$743m$529m$1.2bn$1.6bn$1.4bn$827m$606m
Multiples
Price / sales 0.8x2.0x1.9x1.1x1.9x0.9x0.7x1.3x1.2x1.1x0.7x0.7x
Price / earnings ——36.5x27.8x24.9x28.4x———25.9x30.2x23.9x
Price / free cash flow ———13.3x50.0x8.0x3.6x63.4x11.7x8.9x7.7x4.0x
EV / EBITDA —25.2x12.5x6.1x9.2x5.1x5.7x12.3x7.0x4.6x3.3x2.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

32 /100

Weak moat

How hard Hornbeck Offshore Services's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 1.9% of total assets over 10 years.

  • Pricing power 5 / 20

    Gross margin has been a median 13.9%, moving by 5.5 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 5.0%; its worst year was -13.5%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 4.3% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.1% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $483m and EPS of $0.27 (range $0.27 to $0.27) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.72 — $1.3bn —
Next $0.54 −25% $1.9bn +46%

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Hornbeck Offshore Services, Inc.'s latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622

Counts of recommendations published by analysts covering Hornbeck Offshore Services, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
3.12
at average volume
Short interest, 1 month
—
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
9.7%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.0%

$6.72 on October 31, 2025 to $6.45

ThenNowEffect
Revenue (last 12 months) $1.2bn $1.3bn +6.2%
Net margin 4.1% 3.0% −25.4%
P/E multiple 20.5x 23.9x +16.6%
Share count 153m 147m +4.0%

Biggest factor: net margin.

Last 3 years −36.7%

$10.19 on November 3, 2023 to $6.45

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.3bn +16.4%
P/S multiple 1.4x 0.7x −47.4%
Share count 152m 147m +3.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HOS−26%+137%+39%−9%−33%+3%
Industry peers (median)+9%+38%−7%−5%+3%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HOS50%67%58%33%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HOS−56%−54%−28%−30%−41%−39%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 92% from December 6, 2016 to April 3, 2020. Getting back needed a 1071% gain, reached on April 3, 2024, 1461 days after the low.

Price behaviour

52-week range
$6.14 – $10.60
From 52-week high
−39.2%
vs 50-day average
−21.0%
vs 200-day average
−28.7%
Volatility (1 year)
46%
Beta vs S&P 500
0.45

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.9%
After a week
4 up, 8 down
typical move ±5.6%
After a month
6 up, 6 down
typical move ±7.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +3.0% +0.5% +8.6% −1.3%
April 23, 2026 +2.7% +0.4% +7.5% +4.7%
February 24, 2026 +5.8% +1.6% +1.5% +9.4%
October 23, 2025 +5.6% +1.4% +2.0% −3.0%
July 24, 2025 −11.4% +0.5% −14.8% −8.3%
April 24, 2025 −4.8% +2.8% −5.1% −7.1%
February 25, 2025 +7.4% −0.4% −1.1% +12.9%
October 24, 2024 −1.9% +0.2% −2.8% +19.3%
July 25, 2024 −0.7% +0.6% −10.3% −11.8%
April 25, 2024 +2.8% +0.6% −1.6% +1.7%
February 27, 2024 −11.7% +0.1% −8.4% +5.6%
October 24, 2023 −0.8% −0.7% −3.3% −9.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Hornbeck Offshore Services, Inc.
$1.2B $1.3B $1.3B $1.4B $1.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.2B Revenue (TTM), FY23 Q4: $1.3B Revenue (TTM), FY24 Q1: $1.3B Revenue (TTM), FY24 Q2: $1.4B Revenue (TTM), FY24 Q3: $1.3B Revenue (TTM), FY24 Q4: $1.4B Revenue (TTM), FY25 Q1: $1.3B Revenue (TTM), FY25 Q2: $1.2B Revenue (TTM), FY25 Q3: $1.3B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.2B
FY23 Q4 $1.3B
FY24 Q1 $1.3B
FY24 Q2 $1.4B
FY24 Q3 $1.3B
FY24 Q4 $1.4B
FY25 Q1 $1.3B
FY25 Q2 $1.2B
FY25 Q3 $1.3B
FY25 Q4 $1.2B
FY26 Q1 $1.3B
FY26 Q2 $1.3B
Revenue growth, TTM YoY Hornbeck Offshore Services, Inc.
-20% 0% 20% 40% 60% 80% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 64.8% Revenue growth, TTM YoY, FY23 Q4: 47.7% Revenue growth, TTM YoY, FY24 Q1: 37.3% Revenue growth, TTM YoY, FY24 Q2: 24.4% Revenue growth, TTM YoY, FY24 Q3: 7.7% Revenue growth, TTM YoY, FY24 Q4: 5.3% Revenue growth, TTM YoY, FY25 Q1: 0.3% Revenue growth, TTM YoY, FY25 Q2: -11.8% Revenue growth, TTM YoY, FY25 Q3: -5.7% Revenue growth, TTM YoY, FY25 Q4: -8.7% Revenue growth, TTM YoY, FY26 Q1: -6.7% Revenue growth, TTM YoY, FY26 Q2: 6.2% 6.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 64.8%
FY23 Q4 47.7%
FY24 Q1 37.3%
FY24 Q2 24.4%
FY24 Q3 7.7%
FY24 Q4 5.3%
FY25 Q1 0.3%
FY25 Q2 -11.8%
FY25 Q3 -5.7%
FY25 Q4 -8.7%
FY26 Q1 -6.7%
FY26 Q2 6.2%
Operating margin (TTM) Hornbeck Offshore Services, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.5% Operating margin (TTM), FY23 Q4: 4.9% Operating margin (TTM), FY24 Q1: 5.3% Operating margin (TTM), FY24 Q2: 7.4% Operating margin (TTM), FY24 Q3: 8.4% Operating margin (TTM), FY24 Q4: 9.4% Operating margin (TTM), FY25 Q1: 10.2% Operating margin (TTM), FY25 Q2: 6.6% Operating margin (TTM), FY25 Q3: 6.6% Operating margin (TTM), FY25 Q4: 5.3% Operating margin (TTM), FY26 Q1: 3.5% Operating margin (TTM), FY26 Q2: 5.6% 5.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.5%
FY23 Q4 4.9%
FY24 Q1 5.3%
FY24 Q2 7.4%
FY24 Q3 8.4%
FY24 Q4 9.4%
FY25 Q1 10.2%
FY25 Q2 6.6%
FY25 Q3 6.6%
FY25 Q4 5.3%
FY26 Q1 3.5%
FY26 Q2 5.6%
FCF margin (TTM) Hornbeck Offshore Services, Inc.
0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 5.1% FCF margin (TTM), FY23 Q4: 10.3% FCF margin (TTM), FY24 Q1: 15.4% FCF margin (TTM), FY24 Q2: 11.5% FCF margin (TTM), FY24 Q3: 14.1% FCF margin (TTM), FY24 Q4: 12.0% FCF margin (TTM), FY25 Q1: 8.5% FCF margin (TTM), FY25 Q2: 8.9% FCF margin (TTM), FY25 Q3: 6.2% FCF margin (TTM), FY25 Q4: 9.7% FCF margin (TTM), FY26 Q1: 13.4% FCF margin (TTM), FY26 Q2: 18.1% 18.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 5.1%
FY23 Q4 10.3%
FY24 Q1 15.4%
FY24 Q2 11.5%
FY24 Q3 14.1%
FY24 Q4 12.0%
FY25 Q1 8.5%
FY25 Q2 8.9%
FY25 Q3 6.2%
FY25 Q4 9.7%
FY26 Q1 13.4%
FY26 Q2 18.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hornbeck Offshore Services took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.3B
  2. Cost of revenue $1.1B · 87.7%
  3. Gross profit $159M · 12.3%
  4. Selling, general and admin $75.9M · 5.9%
  5. Other operating costs $18.1M · 1.4%
  6. Operating income $65.1M · 5.0%
  7. Income tax $11.7M · 0.9%
  8. Interest and other $22.7M · 1.8%
  9. Net income $30.8M · 2.4%

Shares of revenue. Source: Hornbeck Offshore Services's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,462 774 702 846 877 1,107 696 488 581 740 752 734 675 873 1,290 1,359 1,291 1,303
Gross profit 243 165 150 50 261 344 −234 47 62 122 138 80 15 51 200 220 159 182
EBITDA 466 133 154 29 278 371 −187 51 108 162 181 147 93 98 228 301 253 256
Operating income 204 51 63 −68 179 262 −307 −63 −1 52 68 13 −49 −45 64 127 65 74
Net income 156 −127 130 −46 110 195 −377 −81 30 29 58 22 −62 −88 −11 56 31 40
Diluted EPS $0.96 −$1.22 $1.23 −$0.44 $1.04 $1.85 −$3.58 −$0.73 $0.20 $0.19 $0.38 $0.13 −$0.41 −$0.58 −$0.07 $0.36 $0.21 $0.27
Growth (year on year)
Revenue −30.9% −47.0% −9.4% +20.5% +3.6% +26.3% −37.2% −29.9% +19.2% +27.3% +1.6% −2.4% −8.0% +29.4% +47.7% +5.3% −4.9% +6.2%
EBITDA — −71.5% +16.0% −81.4% +866.5% +33.7% −150.4% — +111.2% +50.6% +11.5% −18.8% −36.7% +5.4% +132.7% +32.1% −16.0% +4.2%
Operating income — −74.9% +23.4% −208.6% — +46.2% −217.4% — — — +31.9% −80.8% — — — +100.7% −48.9% −8.8%
Net income — −181.4% — −135.6% — +77.4% −293.3% — — −4.8% +102.5% −61.7% −377.5% — — — −44.6% −20.8%
Diluted EPS — −227.1% — −135.8% — +77.9% −293.5% — — −5.0% +100.0% −65.8% −415.4% — — — −41.7% −17.7%
Margins
Gross margin 16.6% 21.3% 21.3% 5.9% 29.7% 31.1% −33.6% 9.5% 10.7% 16.4% 18.3% 10.9% 2.3% 5.8% 15.5% 16.2% 12.3% 13.9%
EBITDA margin 31.9% 17.2% 22.0% 3.4% 31.7% 33.5% −26.9% 10.4% 18.5% 21.9% 24.0% 20.0% 13.8% 11.2% 17.6% 22.1% 19.6% 19.7%
Operating margin 13.9% 6.6% 9.0% −8.1% 20.4% 23.6% −44.2% −13.0% −0.2% 7.0% 9.0% 1.8% −7.2% −5.1% 4.9% 9.4% 5.0% 5.6%
Net margin 10.7% −16.4% 18.5% −5.5% 12.5% 17.6% −54.2% −16.7% 5.2% 3.9% 7.7% 3.0% −9.1% −10.1% −0.8% 4.1% 2.4% 3.0%
Free-cash-flow margin −0.4% 27.0% 66.5% 15.3% −28.5% 2.0% −30.1% −30.3% −30.9% 8.1% 3.8% 10.7% 19.5% 2.0% 10.3% 12.0% 9.3% 18.1%
Cash flow
Cash from operations 418 331 567 452 74 359 111 39 52 197 170 99 140 51 152 186 137 253
Capital spending 423 122 100 323 324 337 320 186 231 137 141 20 8 34 20 23 16 18
Free cash flow −6 209 467 129 −250 23 −210 −148 −179 60 29 79 132 18 133 163 120 235
Stock-based pay 12 7 7 8 8 3 7 6 11 10 11 9 8 7 7 7 7 6
Free cash flow after stock pay −18 202 460 122 −258 19 −216 −154 −190 50 17 70 124 10 126 155 114 229
Balance sheet
Cash 271 391 546 437 478 476 494 357 267 279 208 291 254 187 332 368 418 652
Total debt 1,361 1,376 1,165 1,051 593 572 776 657 520 479 436 405 314 271 373 324 315 310
Net debt (negative = net cash) 1,090 985 618 614 114 96 282 300 254 200 228 113 60 84 41 −44 −104 −342
Diluted shares 106m 104m 105m 104m 105m 105m 105m 112m 145m 147m 150m 150m 150m 151m 151m 155m 148m 147m
Returned to shareholders
Buybacks 14 12 8 7 11 8 1 0 — — — — — — 12 30 — —
Total returned 14 12 8 7 11 8 1 0 — — — — — — 12 30 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $2.6bn
Short-term assets $939mLonger-term assets $1.6bn
What it owes, and who funded it · $2.6bn
Short-term liabilities $271mLonger-term liabilities $715mShareholders' equity $1.6bn
  • Short-term assets cover short-term liabilities $939m of assets due within a year against $271m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $939m short-term assets against $715m of longer-dated liabilities.
  • More cash than debt $652m of cash against $304m of debt.
  • Debt below 40% of shareholders' equity Debt is 19% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 16% to 19% over five years.
  • A year's operating cash flow covers at least 20% of debt $253m of operating cash flow against $304m of debt.
  • Operating profit covers interest at least five times over Operating income of $74m against $33m of interest.

From Hornbeck Offshore Services, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−3.9%
year over year
Sales & admin spending
6.3%
of revenue
Days sales outstanding
57 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated HOS TDW PUMP KGS WTTR AROC Median
Revenue, last 12 months $1.3bn $1.3bn $1.2bn $1.4bn $1.4bn $1.5bn $1.3bn
Revenue growth, last 12 months 6.2% −1.0% −6.0% 8.2% −2.0% 11.5% 4.2%
Revenue growth, 3-year average 5.2% 19.6% −9.2% 22.6% −3.2% 18.2% 3.4%
Revenue growth, latest quarter 20.8% 0.3% 20.9% 21.1% 8.7% −3.1% 8.7%
Gross margin 13.9% −1.9% 24.3% 37.9% 16.1% 48.9% 21.0%
Operating margin 5.6% 18.4% 0.5% 27.4% 3.5% — 7.2%
Operating margin, 3-year average 6.6% 21.0% −3.9% 25.6% 3.6% — 7.2%
Net margin 3.0% 18.3% 0.2% 5.8% 2.2% 21.8% 2.8%
Cash from operations / revenue 19.4% 23.1% 16.1% 34.4% 16.4% 48.2% 12.1%
Free-cash-flow margin 18.1% 20.1% −7.9% 0.4% −5.7% 19.4% 2.0%
Free-cash-flow margin, 3-year average 12.8% 18.4% 1.1% 4.0% 1.0% 10.0% 4.2%
Stock pay / revenue 0.5% 1.0% 1.7% 1.9% 1.9% 1.6% 1.1%
Change in share count −3.9% −3.7% 21.0% 1.5% — 1.3% 1.0%

Median of all 36 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Reportable Segment Aggregation Before Other Operating $1.3B 100.0% ▼ 4.9%
Well Intervention $729M 56.5% ▼ 11.4%
Robotics $290M 22.4% ▲ 11.6%
Shallow Water Abandonment $200M 15.5% ▲ 6.9%
Production Facilities $72.7M 5.6% ▼ 18.1%
Products and services
Line of business Revenue Share YoY
Decommissioning $715M 55.4% ▲ 19.6%
Production Maximization $391M 30.3% ▼ 34.1%
Renewables $157M 12.2% ▲ 3.3%
Other services $27.8M 2.2% ▲ 87.9%
Geography
Region Revenue YoY
United States $495M ▼ 8.9%
Brazil $355M ▲ 91.1%
North Sea $272M ▲ 8.9%
United Kingdom $194M ▲ 6.9%
Africa $95.5M ▲ 32.7%
Asia Pacific $68.4M ▼ 69.2%
Other Geographic Location $6.2M ▼ 92.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Hornbeck Offshore Services, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
281
Shares held vs prior quarter
▲ 4.4%
Positions opened / closed
39 / 28

Top buyers and sellers, Q2 2026: 154 institutions bought and 107 sold ; the biggest buyer was Prudential Financial Inc (+1.8M shares) and the biggest seller Gate City Capital Management, LLC (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $199M 22.7M 16.6% ▲ 2.6%
Dimensional Fund Advisors LP $79.5M 9.1M 6.6% ▲ 1.5%
State Street Corp $62.7M 7.2M 5.2% ▲ 6.9%
Invesco Ltd. $61.5M 7.0M 5.1% ▲ 5.6%
Vanguard Portfolio Management LLC $56.1M 6.4M 4.7% ▲ 2.9%
Vanguard Capital Management LLC $54M 6.2M 4.5% ▲ 2.2%
American Century Companies Inc $47.6M 5.4M 4.0% ▲ 4.8%
Principal Financial Group Inc $37.8M 4.3M 3.2% ▼ 6.0%
Goldman Sachs Group Inc $32M 3.7M 2.7% ▲ 75.5%
Geode Capital Management, LLC $31.1M 3.6M 2.6% ▲ 5.9%
Wellington Management Group LLP $29.8M 3.4M 2.5% ▼ 13.3%
Systematic Financial Management LP $27.9M 3.2M 2.3% ▲ 7.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hornbeck Offshore Services, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $275,200 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $275,200 net selling
Insider Date Trade Shares Price Value
Sparks Scott Andrew EVP & COO November 3, 2025 Sell 40,000 $6.88 $275,200

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 22, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 23, 2026
  • February 24, 2026
  • October 23, 2025
  • July 24, 2025
  • April 24, 2025

Recent SEC filings

Data status

When each part of this page on Hornbeck Offshore Services, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hornbeck Offshore Services, Inc. in brief

What does Hornbeck Offshore Services, Inc. do?
Hornbeck Offshore Services, Inc. is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is Hornbeck Offshore Services, Inc.'s stock ticker?
Hornbeck Offshore Services, Inc. trades under the ticker HOS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hornbeck Offshore Services, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hornbeck Offshore Services, Inc. reported revenue of $1.3B, 6.2% higher than a year earlier, according to its SEC filings.
What is Hornbeck Offshore Services, Inc.'s free cash flow?
Hornbeck Offshore Services, Inc.'s free-cash-flow margin is 18.1% of revenue over the trailing twelve months.
Who are Hornbeck Offshore Services, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Hornbeck Offshore Services, Inc.'s market cap?
On November 2, 2026, Hornbeck Offshore Services, Inc.'s market capitalisation was about $949M, with a price-to-earnings ratio of 23.9 and net debt of -$342M. Market figures come from third-party market data and may be delayed.
How much debt does Hornbeck Offshore Services, Inc. have?
Hornbeck Offshore Services, Inc.'s debt-to-equity ratio is 19.2%, from its latest balance sheet (15.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hornbeck Offshore Services, Inc.'s competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to Hornbeck Offshore Services, Inc. are Tidewater Inc, Propetro Holding Corp., Kodiak Gas Services, Inc., Select Water Solutions, Inc. and Archrock, Inc. The side-by-side comparison below sets their revenue, margins and growth against Hornbeck Offshore Services, Inc.'s.
Are insiders buying or selling Hornbeck Offshore Services, Inc. stock?
Over the last 12 months, Hornbeck Offshore Services, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Hornbeck Offshore Services, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hornbeck Offshore Services, Inc. announces its own schedule.