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Helios Technologies, Inc., together with its subsidiaries, provides engineered motion control and electronic controls technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments; Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, and quick release couplings, as well as engineers complete hydraulic system solutions. This segment sells its products under the Sun Hydraulics, Faster, NEM, Taimi, Daman, and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses, and software solutions. This segment sells its products under Enovation Controls, Murphy, Zero Off, HCT, Balboa Water Group, i3PD and Cygnus Reach and Joyonway brands. It markets and sells hydraulic products and engineered solutions through value-added distributors, as well as directly to original equipment manufacturers (OEMs); and electronic products to OEMs, distributors, and system integrators. It serves construction, material handling, agriculture, industrial, mobile, energy, recreational vehicles, marine, aerospace, and health and wellness sectors. The company was formerly known as Sun Hydraulics Corporation and changed its name to Helios Technologies, Inc. in June 2019. Helios Technologies, Inc. was incorporated in 1970 and is headquartered in Sarasota, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $839M | $147M | $48M | $100M | 5.2% | 4.1% | 24.1% |
| 2024 | $806M | $148M | $39M | $92M | 4.5% | -3.6% | 4.0% |
| 2023 | $836M | $144M | $38M | $44M | 4.4% | -5.6% | -61.9% |
| 2022 | $885M | $190M | $98M | $75M | 12.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 885.40 | 835.60 | 805.90 | 839 |
| Operating Revenue | - | 885.40 | 835.60 | 805.90 | 839 |
| Cost Of Revenue | - | 586.90 | 573.90 | 553.60 | 567.80 |
| Gross Profit | - | 298.50 | 261.70 | 252.30 | 271.20 |
| Operating Expense | - | 161.20 | 181.80 | 170.50 | 179.30 |
| Selling General And Administration | - | 133.10 | 148.90 | 139 | 147.60 |
| Total Expenses | - | 748.10 | 755.70 | 724.10 | 747.10 |
| Operating Income | - | 137.30 | 79.90 | 81.80 | 91.90 |
| Total Operating Income As Reported | - | 137.30 | 79.90 | 81.80 | 66 |
| EBITDA | - | 190.10 | 144.20 | 148.10 | 147.30 |
| Normalized EBITDA | - | 189.20 | 144.80 | 149.40 | 174.50 |
| EBIT | - | 138.50 | 80.40 | 84.30 | 84.30 |
| Interest Expense | - | 16.70 | 31.20 | 33.80 | 21.90 |
| Net Interest Income | - | -16.70 | -31.20 | -33.80 | -21.90 |
| Other Non Operating Income Expenses | - | 0.30 | 1.10 | 3.80 | 19.60 |
| Other Income Expense | - | 1.20 | 0.50 | 2.50 | -7.60 |
| Interest Expense Non Operating | - | 16.70 | 31.20 | 33.80 | 21.90 |
| Net Non Operating Interest Income Expense | - | -16.70 | -31.20 | -33.80 | -21.90 |
| Pretax Income | - | 121.80 | 49.20 | 50.50 | 62.40 |
| Tax Provision | - | 23.40 | 11.70 | 11.50 | 14 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.17 | -0.14 | -0.30 | -6.10 |
| Net Income Continuous Operations | - | 98.40 | 37.50 | 39 | 48.40 |
| Net Income From Continuing And Discontinued Operation | - | 98.40 | 37.50 | 39 | 48.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 98.40 | 37.50 | 39 | 48.40 |
| Net Income | - | 98.40 | 37.50 | 39 | 48.40 |
| Net Income Common Stockholders | - | 98.40 | 37.50 | 39 | 48.40 |
| Net Income Including Noncontrolling Interests | - | 98.40 | 37.50 | 39 | 48.40 |
| Normalized Income | - | 97.67 | 37.96 | 40 | 69.50 |
| Diluted NI Availto Com Stockholders | - | 98.40 | 37.50 | 39 | 48.40 |
| Basic Average Shares | - | 32.50 | 32.90 | 33.20 | 33.20 |
| Diluted Average Shares | - | 32.60 | 33 | 33.30 | 33.30 |
| Reconciled Depreciation | - | 51.60 | 63.80 | 63.80 | 63 |
| Reconciled Cost Of Revenue | - | 563.40 | 543 | 521.30 | 536.50 |
| Total Unusual Items | - | 0.90 | -0.60 | -1.30 | -27.20 |
| Total Unusual Items Excluding Goodwill | - | 0.90 | -0.60 | -1.30 | -27.20 |
| Special Income Charges | - | 0 | 0 | 0 | -25.90 |
| Impairment Of Capital Assets | - | 0 | 0 | 0 | 25.90 |
| Restructuring And Mergern Acquisition | 0 | - | - | - | - |
| Gain On Sale Of Security | - | 0.90 | -0.60 | -1.30 | -1.30 |
| Depreciation Amortization Depletion Income Statement | - | 28.10 | 32.90 | 31.50 | 31.70 |
| Depreciation And Amortization In Income Statement | - | 28.10 | 32.90 | 31.50 | 31.70 |
| Gain On Sale Of Ppe | 0 | - | - | - | - |
| Amortization | - | 28.10 | 32.90 | 31.50 | 31.70 |
| Amortization Of Intangibles Income Statement | - | 28.10 | 32.90 | 31.50 | 31.70 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Helios Technologies, Inc.this co. | HLIO | $2.8B | 58.68↑ premium | 3.05 | 5.2% | 21.28 |
| CECO Environmental Corp. | CECO | $2.9B | 58.13 | 9.16 | 15.8% | 24.22 |
| Exponent, Inc. | EXPO | $2.9B | 27.22 | 7.39 | 27.2% | 21.15 |
| Atkore Inc. | ATKR | $2.9B | -188.99 | 2.05 | -1.1% | 18.87 |
| Voyager Technologies, Inc. | VOYG | $2.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| -26.97 |
| 7.37 |
| -27.3% |
| -31.29 |
| Eos Energy Enterprises, Inc. | EOSE | $2.7B | -2.83 | -1.23 | 43.3% | -3.24 |
| First Advantage Corporation | FA | $2.7B | -77.68 | 2.06 | -2.7% | 11.98 |
| McGrath RentCorp | MGRC | $2.7B | 17.18 | 2.17 | 12.6% | 9.12 |
| V2X, Inc. | VVX | $2.6B | 33.65 | 2.42 | 7.2% | 11.33 |
| Peer Median | - | 7.18 | 2.29 | 9.9% | 11.66 | |