# HORNBECK OFFSHORE SERVICES, INC. (HOS) · Edgar & Edgarette company card

> Hornbeck Offshore Services (HOS) saw revenue fall 4.9% in FY2025 to $1.3 billion, operating margin 5.0%, in line with the 5.0% median for oil & gas field services, equity 60.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 866829 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HOS) · [JSON](https://www.pops4.com/boards/company/HOS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.3B |
| Revenue growth, 1 year | -4.9% |
| Revenue growth per year | 17.6% |
| Operating margin | 5.0% (prior year 9.4%) |
| Net margin | 2.4% |
| Operating cash flow | $137M |
| Capital spending | $16M |
| Free cash flow | $120M |
| Cash | $445M |
| Long-term debt | $308M |
| Total assets | $2.6B |
| Total equity | $1.6B |
| Equity ÷ assets | 60.4% |
| Return on equity | 2.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 3.58 (safe zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -2.34 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · filed auditor change in the last 12 months
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $1.3B (FY2025), total debt $308.0M. Experience: revenue down 4.9% on the year, up 17.6% a year over 4 years; operating margin 5.0%, down from 9.4%. Soundness: equity 60.4% of assets, return on equity 2.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.0B and $1.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $886.0M to $2.0B. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, oil & gas field services, nec): operating margin 5.0% against a 5.0% median; growth -4.9% against -2.3%.

Range logged 2026-09-24, receipt dd8db0022bebd7ef, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-09-02 ([filing](https://www.sec.gov/Archives/edgar/data/866829/000119312526380348/0001193125-26-380348-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-09-04 ([filing](https://www.sec.gov/Archives/edgar/data/866829/000119312526383687/0001193125-26-383687-index.htm))

## Recent filings

- 8-K · filed 2026-09-04 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/866829/000119312526383687/0001193125-26-383687-index.htm)
- 8-K · filed 2026-09-03 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/866829/000119312526380897/0001193125-26-380897-index.htm)
- 8-K · filed 2026-09-02 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/866829/000119312526380348/0001193125-26-380348-index.htm)
- 8-K · filed 2026-09-01 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.01 Changes in Control of Registrant; 5.02 Departure or Election of Directors; Appointment of Officers; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/866829/000119312526378529/0001193125-26-378529-index.htm)
- 8-K · filed 2026-08-31 · 5.07 Submission of Matters to a Vote of Security Holders; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/866829/000114036126035065/0001140361-26-035065-index.htm)
- 8-K · filed 2026-08-11 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/866829/000086682926000024/0000866829-26-000024-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000866829.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=866829

## Cite

POPS4, Edgar & Edgarette: HORNBECK OFFSHORE SERVICES, INC. (HOS) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/HOS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.