Helios Technologies, Inc. (HLIO)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$891.3M

Revenue growth

14.0%

Net income, last twelve months

$71.3M

Earnings per share

$2.14

Gross margin

33.5%

Operating margin

10.0%

Net margin

8.0%

Free cash flow

$106.9M

Return on equity

7.5%

Market value

$2.2B

Price to earnings

31.7x

Dividend yield

0.6%

Cash

$68.0M

Debt

$332.3M

Debt to equity

0.35

Shares outstanding

33.0M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter 2026 results, filed 10 August 2026.

• Sales up 9%, 16% pro forma. Net sales were $231.9 million, up 9% from $212.5 million. Pro-forma growth, adjusted for the CFP divestiture and foreign exchange, was 16%.
• Adjusted diluted EPS up 49%. Diluted EPS was $0.66, up 94% from $0.34. Adjusted diluted EPS was $0.88, up 49% from $0.59; adjusted net income was $29.2 million.
• Operating income up 48%. Operating income was $32.5 million, with operating margin at 14.0% versus 10.3%. Non-GAAP adjusted operating margin was 17.8% versus 15.0%.
• Adjusted EBITDA up 25%. Adjusted EBITDA was $49.3 million, up 25%, a margin of 21.2% versus 18.6% in the prior-year quarter.
• Electronics sales up 19%. Electronics sales were $85.5 million, up 19%. APAC rose 43% to $13.4 million and Americas rose 17% to $63.0 million.
• Electronics operating margin rose. Electronics gross margin was 34.6% versus 29.3%. Operating income rose 90% to $11.2 million, a 13.1% margin versus 8.2%.
• Hydraulics sales up 4%. Hydraulics sales were $146.4 million, up 4%; pro-forma growth was 14%. EMEA rose 12% to $51.8 million, Americas rose 6%, and APAC fell 8% to $37.4 million.
• Hydraulics operating income up 16%. Hydraulics operating income was $28.9 million, up 16%, with operating margin of 19.7% versus 17.7%.
• Americas is over half of sales. Americas sales were $120.2 million, up 11%; EMEA was $60.9 million, up 12%; APAC was $50.8 million, up 2%. Americas made up 52% of the quarter's sales.
• Gross margin up 280 bps. Gross margin was 34.6%, up 280 bps, and gross profit rose 19% to $80.2 million. Gross profit includes a $1 million benefit from net IEEPA tariff refunds.
• Margin credited to volume and leverage. Management said margin expansion is an outcome of volume outperformance, innovative products and operating leverage gains.
• Selling and admin costs up 8%. Selling, engineering and administrative expense was $40.2 million, up 8%. Electronics SEA expenses rose 22% to $18.4 million; Hydraulics SEA expenses rose 1% to $21.7 million.
• Interest expense fell 33%. Interest expense, net was $4.7 million versus $7.0 million. Total debt was $331.5 million, down from $436.2 million a year earlier.
• Record second-quarter operating cash. Operating cash flow was a second-quarter record $42 million, up 13%, and free cash flow was $31 million in the quarter. Six-month operating cash flow was $65.8 million.

Revenue by segment

As the company reports it in the segment note of its annual report.

By business, FY2026

By region, FY2026

Company events

The newest 8-K filings of 262 held.

Every filing

The newest filings with the SEC of 586 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Trades by members of the House

From each member's periodic transaction report.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

308 funds held it at 30 Jun 2026: 154 added and 91 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Parker-Hannifin Corp. (PH): revenue $21.5B, market value $115.0B
• Watts Water Technologies Inc. (WTS): revenue $2.7B, market value $11.5B
• Crane Co. (CR): revenue $2.6B, market value $11.4B
• Mueller Water Products, Inc. (MWA): revenue $1.5B, market value $3.5B
• Crane Nxt, Co. (CXT): revenue $1.8B, market value $3.4B

What the company does

Helios Technologies designs and manufactures motion control and electronic controls technology. The company calls itself a global leader in this field and serves end markets that include construction, material handling, agriculture, industrial, mobile, energy, recreational vehicles, marine, aerospace, and health and wellness. It operates two segments, Hydraulics and Electronics, and Hydraulics made up 64% of sales in 2025. Helios employed over 2,300 people worldwide at the end of fiscal 2025 and manufactures in the United States, Canada, Mexico, Italy, Germany, South Korea, China and India. Its executive offices are in Sarasota, Florida.

How the business is organised

The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds and quick release couplings. It also engineers complete hydraulic system solutions. Its brands are Sun Hydraulics, Faster, NEM, Taimi, Daman and Schultes.

The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses and software solutions. Its brands are Enovation Controls, Murphy, Zero Off, HCT, Balboa Water Group, Joyonway, i3PD and Cygnus Reach.

On 27 September 2025 the company sold Guwing Holdings Pty. Ltd. and its subsidiary Custom Fluidpower Pty. Ltd., a hydraulics business in the Asia-Pacific region.

What it sells

Helios groups its hydraulic products into motion control technology, which controls the flow and pressure of fluids, and fluid conveyance technology, which moves fluids and fluid power through a system. The Sun cartridge valve uses a floating nose construction that gives it a self-alignment characteristic. The ecoline family is aimed at the energy efficiency of hydraulic systems. The ENERGEN line is described as the first hydraulic cartridge valve able to convert hydraulic flow into electrical power. The Faster brand makes quick release couplings, including the MultiFaster line, which connects several hydraulic lines at once. The Taimi brand makes a swivel hose line accessory used in mining, forestry equipment and sailing.

In Electronics, the company makes displays, controllers, gauges, instrumentation, engineered panels, printed circuit board assemblies, wiring harnesses and custom software. The PowerView and OpenView display lines let customers specify custom software and graphics. OpenView displays use an open source Linux-based operating system. Balboa Water Group and Joyonway supply control systems for therapy baths, cold plunges, hot tubs and swim spas.

Two acquisitions in 2023 added Schultes, which makes precision machined components, and i3PD, a custom engineering services firm.

Who it sells to

No single customer made up 10% or more of consolidated net sales in 2025. About 150 direct sales and application specialists serve customers across the two segments.

- Hydraulics: About 55% of segment sales go through channel partners, who combine Helios products with other hydraulic components. The other 45% go directly to original equipment manufacturers (OEMs). By region, 40% of segment sales were to the Americas, 31% to Europe, the Middle East and Africa (EMEA) and 29% to Asia Pacific (APAC). - Electronics: OEMs accounted for 78% of segment sales, and about 22% came through independent authorized distributors. By region, 79% of segment sales were in the Americas, 10% in EMEA and 11% in APAC.

Exports from United States locations go to more than 40 countries.

Where it makes things

Under it, manufacturing and supply chains are placed close to customers to shorten lead times and reduce inventory.

Hydraulics operations use precision machining, finishing, heat treatment and testing, and apply Lean Six Sigma practices. Some manifold and integrated package assembly has moved to Roncolo, Italy, and some turning operations to Rivolta, Italy.

Electronics lines use high speed surface mount technology, 3D solder paste inspection, 3D automated optical inspection and x-ray inspection. Products are serialized, and test data is stored against serial numbers for traceability. The Tijuana, Mexico facility supports Electronics, with initial work on circuit board assembly and wire harness production. A third-party provider supports approximately 500 jobs in Mexico.

How it competes

The company sorts hydraulics competitors into three groups. Full-line producers, such as Parker Hannifin, Danfoss/Eaton and Bosch Rexroth/HydraForce, supply complete systems. Component-only producers include Delta Power Company, Stucchi and CEJN. Low-cost producers include Winner and Valvole Italia. Helios says it competes on quality, reliability, value, speed of delivery and technological characteristics.

In electronics, competitors range from large companies such as Continental, Garmin and Bosch to small niche firms. The company describes Enovation Controls as a niche player in displays, controllers, gauges and instrumentation panels, and Balboa Water Group as a niche player in control and water flow systems for health and wellness. It describes Balboa Water Group, including Joyonway, as the largest supplier of integrated end-to-end solutions for the therapy and wellness spa and bath markets. Helios points to up-front engineering and programming costs as barriers to customers switching suppliers.

The company owns approximately 300 active patents and trademarks, and says its business does not depend on any single one.

Its people

Of the employees, 56% are in the Americas, 28% in EMEA and 16% in APAC. In Italy, approximately 575 employees are represented by a labor union. The Leadership Academy is a six-month program, and each cohort has approximately 25 leaders from across the company's global operations. In 2025, 100% of global employees completed the Helios Global Code of Conduct.

*From Helios Technologies's annual report on Form 10-K for the year ended 3 January 2026. [The filing](https://www.sec.gov/Archives/edgar/data/1024795/000119312526087747/hlio-20260103.htm)*

From the company's 10-K.