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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 137.30 | 79.90 | 81.80 | 91.90 |
| EBITDA | 190.10 | 144.20 | 148.10 | 147.30 |
| EBIT | 138.50 | 80.40 | 84.30 | 84.30 |
| Pretax Income | 121.80 | 49.20 | 50.50 | 62.40 |
| Tax Provision | 23.40 | 11.70 | 11.50 | 14 |
| Net Income | 98.40 | 37.50 | 39 | 48.40 |
| Net Income Common Stockholders | 98.40 | 37.50 | 39 | 48.40 |
| Total Expenses | 748.10 | 755.70 | 724.10 | 747.10 |
| Interest Expense | 16.70 | 31.20 | 33.80 | 21.90 |
| Selling General And Administration | 133.10 | 148.90 | 139 | 147.60 |
| Normalized EBITDA | 189.20 | 144.80 | 149.40 | 174.50 |
| Normalized Income | 97.67 | 37.96 | 40 | 69.50 |
| Basic EPS | 3.03 | 1.14 | 1.17 | 1.46 |
| Diluted EPS | 3.02 | 1.14 | 1.17 | 1.45 |
| Tax Effect Of Unusual Items | 0.17 | -0.14 | -0.30 | -6.10 |
| Tax Rate For Calcs | 0.19 | 0.24 | 0.23 | 0.22 |
| Total Unusual Items | 0.90 | -0.60 | -1.30 | -27.20 |
| Total Unusual Items Excluding Goodwill | 0.90 | -0.60 | -1.30 | -27.20 |
| Net Income From Continuing Operation Net Minority Interest | 98.40 | 37.50 | 39 | 48.40 |
| Reconciled Depreciation | 51.60 | 63.80 | 63.80 | 63 |
| Reconciled Cost Of Revenue | 563.40 | 543 | 521.30 | 536.50 |
| Net Interest Income | -16.70 | -31.20 | -33.80 | -21.90 |
| Net Income From Continuing And Discontinued Operation | 98.40 | 37.50 | 39 | 48.40 |
| Total Operating Income As Reported | 137.30 | 79.90 | 81.80 | 66 |
| Diluted Average Shares | 32.60 | 33 | 33.30 | 33.30 |
| Basic Average Shares | 32.50 | 32.90 | 33.20 | 33.20 |
| Diluted NI Availto Com Stockholders | 98.40 | 37.50 | 39 | 48.40 |
| Net Income Including Noncontrolling Interests | 98.40 | 37.50 | 39 | 48.40 |
| Net Income Continuous Operations | 98.40 | 37.50 | 39 | 48.40 |
| Other Income Expense | 1.20 | 0.50 | 2.50 | -7.60 |
| Other Non Operating Income Expenses | 0.30 | 1.10 | 3.80 | 19.60 |
| Special Income Charges | 0 | 0 | 0 | -25.90 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 25.90 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0.90 | -0.60 | -1.30 | -1.30 |
| Net Non Operating Interest Income Expense | -16.70 | -31.20 | -33.80 | -21.90 |
| Interest Expense Non Operating | 16.70 | 31.20 | 33.80 | 21.90 |
| 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 |
| Amortization | 28.10 | 32.90 | 31.50 | 31.70 |
| Amortization Of Intangibles Income Statement | 28.10 | 32.90 | 31.50 | 31.70 |
| Operating Revenue | 885.40 | 835.60 | 805.90 | 839 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Helios Technologies, Inc.this co. | HLIO | $2.2B | 46.10↑ premium | 2.38 | 5.2% | 16.37 |
| Xometry, Inc. | XMTR | $2.3B | - | 8.43 | -22.3% | -96.98 |
| American Superconductor Corporation | AMSC | $2.3B | 15.69 | 4.23 | 3.1% | 95.34 |
| First Advantage Corporation | FA | $2.2B | - | 1.73 | -2.7% | 10.84 |
| Eos Energy Enterprises, Inc. | EOSE |
| $2.2B |
| - |
| -0.95 |
| 43.3% |
| -15.54 |
| Huron Consulting Group Inc. | HURN | $2.1B | 22.00 | 4.01 | 19.9% | 11.58 |
| Blue Bird Corporation | BLBD | $2.1B | 15.52 | 7.17 | 50.0% | 9.57 |
| Custom Truck One Source, Inc. | CTOS | $2.1B | - | 2.57 | -3.8% | 21.79 |
| Ducommun Incorporated | DCO | $2.1B | - | 3.12 | -5.1% | 21.40 |
| Peer Median | - | 15.69 | 3.57 | 0.2% | 11.21 | |