Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 9, 2026

Helios Technologies, Inc. (HLIO)

A forensic read on Helios Technologies, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

7.6

Distress distance

Clean

Earnings quality

Forensic signals

45.0

P / E (ttm)

5.2%

ROE

$2.8B

Market cap

0.58%

Dividend yield

4.1%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Helios Technologies, Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 7.6, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

3.9%

FY2026

Return on invested capital. Return on invested capital is 3.9% in the latest fiscal year and slipping from 9% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.

+0.5%/yr

FY2022–FY2026

Share count. Diluted share count changed +2% over the last 4 years to FY2026 (+0.5%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.

$32M

FY2020–FY2020

Goodwill impairments. Took $32M of goodwill writedowns across 1 year (FY2020 ($32M)) — about 225% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.

-77%

FY2012→FY2013

Dividend — cut. The payout was CUT ~77% in FY2013 (from FY2012) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.

Key fundamentals

Latest Revenue$839.0M

Revenue Growth YoY+4.1%

Revenue CAGR (3yr)+0.2%

Net Margin5.8%

Free Cash Flow$103.6M

Return on Equity5.2%

Debt / Equity0.28x

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Data from SEC EDGAR public filings · metrics as of Aug 9, 2026. Forensic signals flag probability, not certainty.