Hornbeck Offshore Services, Inc (HOS) Income Statement
HOS 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsHOS revenue and net income
Where HOS's revenue goes
2024Each bar shows an amount and its share of revenue. HOS kept 14.5% of revenue as net income.
HOS profit margins
HOS growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.8% | — | — | — |
| Gross profit | +9.6% | — | — | — |
| Operating income | −2.7% | — | — | — |
| Net income | +24.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HOS income statement
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue | $640.9M | $573.4M | $451.2M |
| Cost of revenue | $105.4M | $85.0M | $28.9M |
| Gross profit | $535.4M | $488.5M | $422.3M |
| Sales, general & admin | $309.2M | $289.2M | $64.3M |
| Total operating expenses | $509.6M | $438.5M | $308.0M |
| Operating income | $131.2M | $134.9M | $143.2M |
| Interest income | $5.8M | $9.8M | $2.8M |
| Interest expense | $26.4M | $39.8M | $41.2M |
| Income before taxes | $105.5M | $91.0M | $87.9M |
| Net income | $92.8M | $74.5M | $80.8M |
| EBITDA | $196.4M | $178.7M | $158.0M |
| Gross margin | 83.6% | 85.2% | 93.6% |
| Operating margin | 20.5% | 23.5% | 31.7% |
| Net margin | 14.5% | 13.0% | 17.9% |
| Sep '25 | Dec '24 | |
|---|---|---|
| Revenue | $199.1M | $160.9M |
| Cost of revenue | $34.2M | $27.8M |
| Gross profit | $164.9M | $133.1M |
| Sales, general & admin | $81.8M | $77.3M |
| Total operating expenses | $138.7M | $130.4M |
| Operating income | $60.4M | $30.4M |
| Interest income | $1.4M | $1.2M |
| Interest expense | $7.7M | $6.3M |
| Income before taxes | $54.0M | $14.9M |
| Net income | $51.9M | $9.7M |
| EBITDA | $61.7M | $38.7M |
| Gross margin | 82.8% | 82.7% |
| Operating margin | 30.3% | 18.9% |
| Net margin | 26.1% | 6.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HOS's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HOS financial results
In fiscal year 2024 (ended December 31, 2024), Hornbeck Offshore Services reported revenue of $640.9 million, up 11.8% from the year before. It had net income of $92.8 million (up 24.5%), a net profit margin of 14.5%.
See the HOS stock overview for the latest quote and news, or the HOS chart for price history and technical indicators.
HOS income statement FAQ
What is Hornbeck Offshore Services's annual revenue?
Hornbeck Offshore Services reported total revenue of $640.9 million for fiscal year 2024, which ended on December 31, 2024. That was up 11.8% from $573.4 million the previous year.
Is Hornbeck Offshore Services profitable?
Yes. Hornbeck Offshore Services reported net income of $92.8 million in fiscal 2024, a net profit margin of 14.5%; its operating margin was 20.5%.
What is Hornbeck Offshore Services's gross margin?
Hornbeck Offshore Services's gross margin was 83.6% in fiscal 2024: for every $100 of revenue, Hornbeck Offshore Services kept $84 after the direct cost of its products and services.
When does Hornbeck Offshore Services's fiscal year end?
Hornbeck Offshore Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024.