# Hornbeck Offshore Services, Inc (HOS)

> Source: Nexqual · https://nexqual.com/HOS · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Hornbeck Offshore Services, Inc (HOS), nexqual.com/HOS" · informational, not investment advice.

**Price:** USD 6.72 (-2.18% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 6.87 · day 6.58–6.93 · 52w 6.11–11.13 · market cap $2.20B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.30B, net income $39.7M (3.0% margin), free cash flow $235M (SEC filings).
- Valuation: P/E 55.4x (avg 28.0x at the last 2 fiscal year-ends), EV/EBITDA 7.2x, net cash $348M.
- 1 of 80 tracked superinvestors hold HOS (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Strong Buy (mean 1.00 on a 1–5 scale) (2 analysts), mean target USD 13 (range 12–14).
- Total return with dividends: 1Y +7.3% vs S&P 500 +18.1%; 5Y +54.8% vs S&P 500 +85.1%.
- Next earnings: 2026-10-21, EPS estimate USD 0.27, revenue estimate $483M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $675M | $873M | $1.29B | $1.36B | $1.29B | $1.30B |
| Gross profit | $15.4M | $50.6M | $200M | $220M | $159M | — |
| Operating income | -$48.7M | -$44.9M | $63.5M | $127M | $65.1M | $73.5M |
| Net income | -$61.5M | -$87.8M | -$10.8M | $55.6M | $30.8M | $39.7M |
| EPS (diluted) | -$0.41 | -$0.58 | -$0.07 | $0.36 | $0.21 | — |
| Free cash flow | $132M | $17.6M | $133M | $163M | $120M | $235M |
| Gross margin | 2.3% | 5.8% | 15.5% | 16.2% | 12.3% | — |
| Operating margin | -7.2% | -5.1% | 4.9% | 9.4% | 5.0% | 5.6% |
| Net margin | -9.1% | -10.1% | -0.8% | 4.1% | 2.4% | 3.0% |
| Revenue growth | -8.0% | +29.4% | +47.7% | +5.3% | -4.9% | — |
| Cash + short-term investments | $254M | $187M | $332M | $368M | $418M | — |
| Total debt | $305M | $264M | $362M | $315M | $308M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 55.4x · P/S 1.7x · EV/EBITDA 7.2x · EV/Sales 1.4x · P/FCF 9.3x · P/B 1.4x · FCF yield 10.71% · Earnings yield 1.81% · Net cash $348M · EV $1.85B
P/E at fiscal year-ends: Dec 2025 30.2x, Dec 2024 25.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold HOS. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.01% | $4.2M | Reduced -8.2% |

## Analysts
Consensus Strong Buy (mean 1.00 on a 1–5 scale), 2 analysts; mean target USD 13 (low 12, high 14).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +7.3% | +54.8% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +7.4% | +9.1% |
| Volatility (annualized) | 44.8% | 53.2% |
| Max drawdown | -36.6% (Sep 2026→Oct 2026) | -54.6% (Jul 2024→Aug 2025) |

## Peers (Marine Shipping)
NMM (Navios Maritime Partners LP) USD 89.19 -7.67% · SFL (SFL Corporation Ltd) USD 12.57 -7.44% · CMRE (Costamare Inc.) USD 14.28 -7.51% · DAC (Danaos Corporation) USD 158.72 -3.77% · GSL (Global Ship Lease Inc New) USD 42 -7.06% · SBLK (Star Bulk Carriers Corp.) USD 27.98 -6.08%

## More
Full page: https://nexqual.com/HOS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt