HP · Helmerich & Payne, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $932.36M | $1.02B | $1.04B | $1.02B | $677.30M | $697.72M | $687.94M | $677.15M | $723.96M | $769.22M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $7.02M | $6.65M | $7.78M | $9.42M | $9.36M | $10.55M | $12.94M | $8.61M | $7.08M | $8.70M |
| SG&A | $71.08M | $70.44M | $65.51M | $80.80M | $63.06M | $66.87M | $62.04M | $56.58M | $49.27M | $52.85M |
| Total Operating Expenses | $969.28M | $1.08B | $1.17B | $973.88M | $587.32M | $586.41M | $577.37M | $553.68M | $575.21M | $594.02M |
| D&A | $180.73M | $181.92M | $179.49M | $157.66M | $99.08M | $97.82M | $104.55M | $93.99M | $94.81M | $96.25M |
| Operating Income | ($36.92M) | ($59.91M) | ($128.27M) | $42.16M | $89.98M | $111.31M | $110.57M | $123.47M | $148.74M | $175.21M |
| Interest Expense | $25.81M | $25.61M | $4.34M | $4.26M | $22.30M | $4.34M | $4.26M | $4.37M | $4.32M | $4.24M |
| Income Tax | $9.30M | $11.20M | $28.99M | $41.46M | $21.65M | $33.70M | $32.19M | $30.08M | $40.66M | $51.13M |
| Net Income | ($58.61M) | ($96.71M) | ($162.76M) | $1.65M | $54.77M | $88.69M | $84.83M | $95.17M | $95.29M | $164.04M |
| EPS - Basic | ($0.59) | ($0.98) | ($1.64) | $0.01 | $0.55 | $0.89 | $0.85 | $0.95 | $0.93 | $1.55 |
| EPS - Diluted | ($0.59) | ($0.98) | ($1.64) | $0.01 | $0.54 | $0.88 | $0.84 | $0.94 | $0.93 | $1.55 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $177.20M | $247.19M | $196.85M | $174.76M | $391.18M | $217.34M | $193.64M | $214.10M | $257.17M | $159.67M |
| Accounts Receivable | $810.61M | $726.82M | $752.81M | $786.34M | $426.93M | $418.59M | $431.68M | $435.82M | $403.09M | $525.61M |
| Inventory | $330.54M | $324.81M | $324.33M | $321.62M | $127.29M | $117.88M | $107.21M | $101.42M | $94.23M | $99.41M |
| Accounts Payable | $177.21M | $188.31M | $217.92M | $272.80M | $148.75M | $135.08M | $158.30M | $157.30M | $130.85M | $160.10M |
| Current Assets | $1.47B | $1.46B | $1.47B | $1.49B | $1.22B | $1.19B | $948.78M | $988.68M | $1.01B | $1.00B |
| Total Assets | $6.34B | $6.46B | $6.71B | $7.24B | $5.82B | $5.78B | $4.42B | $4.42B | $4.38B | $4.37B |
| Current Liabilities | $863.31M | $721.85M | $814.84M | $887.57M | $435.71M | $446.95M | $438.84M | $468.99M | $418.93M | $413.72M |
| Long-term Debt | $1.86B | $2.03B | $2.06B | $2.23B | $1.78B | $1.78B | $545.44M | $545.29M | $545.14M | $542.73M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.63B | $2.70B | $2.83B | $3.05B | $2.95B | $2.92B | $2.80B | $2.76B | $2.77B | $2.76B |
| Retained Earnings | $2.41B | $2.50B | $2.62B | $2.89B | $2.91B | $2.88B | $2.79B | $2.74B | $2.71B | $2.61B |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $182.43M | - | - | $158.36M | - | - | $174.80M | - | - |
| Investing Cash Flow | - | ($58.29M) | - | - | $52.65M | - | - | ($113.07M) | - | - |
| Financing Cash Flow | - | ($69.79M) | - | - | ($33.15M) | - | - | ($98.73M) | - | - |
| CapEx | - | $67.56M | - | - | $106.48M | - | - | $136.41M | - | - |
| Free Cash Flow | - | $114.86M | - | - | $51.87M | - | - | $38.39M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -4.0% | -5.9% | -12.3% | 4.1% | 13.3% | 16.0% | 16.1% | 18.2% | 20.5% | 22.8% |
| EBITDA margin | 15.4% | 12.0% | 4.9% | 19.7% | 27.9% | 30.0% | 31.3% | 32.1% | 33.6% | 35.3% |
| Net margin | -6.3% | -9.5% | -15.6% | 0.2% | 8.1% | 12.7% | 12.3% | 14.1% | 13.2% | 21.3% |
| Free cash flow margin | - | 11.3% | - | - | 7.7% | - | - | 5.7% | - | - |
| FCF / Net income | - | -1.19 | - | - | 0.95 | - | - | 0.40 | - | - |
| R&D / Revenue | 0.8% | 0.7% | 0.7% | 0.9% | 1.4% | 1.5% | 1.9% | 1.3% | 1.0% | 1.1% |
| SG&A / Revenue | 7.6% | 6.9% | 6.3% | 8.0% | 9.3% | 9.6% | 9.0% | 8.4% | 6.8% | 6.9% |
| Effective tax rate | - | - | - | 96.2% | 28.3% | 27.5% | 27.5% | 24.0% | 29.9% | 23.8% |
| Return on assets | -0.9% | -1.5% | -2.4% | 0.0% | 0.9% | 1.5% | 1.9% | 2.2% | 2.2% | 3.8% |
| Return on equity | -2.2% | -3.6% | -5.8% | 0.1% | 1.9% | 3.0% | 3.0% | 3.4% | 3.4% | 6.0% |
| Return on invested capital | -0.7% | -1.0% | -2.1% | 0.4% | 1.4% | 1.7% | 2.4% | 2.8% | 3.1% | 4.0% |
| Liquidity | ||||||||||
| Current ratio | 1.71 | 2.03 | 1.80 | 1.68 | 2.81 | 2.67 | 2.16 | 2.11 | 2.40 | 2.43 |
| Quick ratio | 1.32 | 1.58 | 1.40 | 1.32 | 2.52 | 2.40 | 1.92 | 1.89 | 2.18 | 2.19 |
| Cash ratio | 0.21 | 0.34 | 0.24 | 0.20 | 0.90 | 0.49 | 0.44 | 0.46 | 0.61 | 0.39 |
| Leverage | ||||||||||
| Debt / Equity | 0.71 | 0.75 | 0.73 | 0.73 | 0.60 | 0.61 | 0.19 | 0.20 | 0.20 | 0.20 |
| Debt / Assets | 0.29 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.12 | 0.12 | 0.12 | 0.12 |
| Debt / EBITDA | 12.91 | 16.61 | 40.16 | 11.18 | 9.42 | 8.52 | 2.54 | 2.51 | 2.24 | 2.00 |
| Interest coverage | -1.4x | -2.3x | -29.6x | 9.9x | 4.0x | 25.7x | 25.9x | 28.2x | 34.4x | 41.3x |
| Equity multiplier | 2.41 | 2.39 | 2.37 | 2.37 | 1.97 | 1.98 | 1.58 | 1.60 | 1.58 | 1.58 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | 0.16 | 0.16 | 0.14 | 0.12 | 0.12 | 0.16 | 0.15 | 0.17 | 0.18 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 317d | 261d | 264d | 282d | 230d | 219d | 229d | 235d | 203d | 249d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 2612.0x | 59.3x | 34.6x | 50.1x | 38.5x | 45.3x | 23.1x |
| P / B | 1.4x | 1.1x | 0.8x | 0.9x | 1.1x | 1.0x | 1.5x | 1.3x | 1.5x | 1.4x |
| P / S | 3.9x | 2.8x | 2.1x | 2.6x | 4.7x | 4.3x | 6.1x | 5.3x | 5.9x | 4.9x |
| EV / EBITDA | 36.7x | 38.0x | 79.2x | 23.3x | 24.1x | 21.9x | 21.0x | 18.1x | 18.8x | 15.2x |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.2% | 50.2% | 49.2% | 47.7% | 0.0% | -3.6% | -10.6% | -5.9% | 31.6% | 64.5% |
| Revenue CAGR (3y) | 6.6% | 12.2% | 23.7% | 29.5% | 18.2% | 28.1% | 32.4% | 40.1% | 31.6% | 6.7% |
| Revenue CAGR (5y) | 25.8% | 32.8% | 26.8% | 9.9% | 2.0% | 1.5% | -0.9% | -1.8% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | -61.9% | -27.1% | -25.2% | -36.9% | -14.4% | 341.1% | - |
| Net income growth (YoY) | - | - | - | -98.1% | -42.5% | -6.9% | -48.3% | -2.0% | 436.8% | - |
| EPS growth (YoY) | - | - | - | -98.8% | -42.6% | -5.4% | -45.8% | 3.3% | 481.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | 14.9% | - | 8.8% | 40.8% | - | - |
| FCF growth (YoY) | - | 121.4% | - | - | 35.1% | - | - | -57.0% | - | - |
| FCF CAGR (5y) | - | - | - | - | -4.6% | - | - | 23.5% | - | - |
| Book value growth (YoY) | -13.8% | -8.3% | -3.0% | 8.9% | 6.8% | 5.2% | 1.7% | 0.5% | 0.2% | 0.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Business segments
$3.68B totalNorth America Solutions$2.36B · 64.2%
International Solutions Segment$797.85M · 21.7%
Offshore Gulfof Mexico$520.39M · 14.1%
Product / service
$431.20M totalReimbursements Of Out Of Pocket Expenses$431.20M · 100.0%
Geographic
$3.75B totalUS$2.48B · 66.2%
SA$261.75M · 7.0%
NO$220.26M · 5.9%
OM$179.57M · 4.8%
Other Foreign$163.02M · 4.4%
AR$155.73M · 4.2%
AZ$129.01M · 3.4%
DE$57.56M · 1.5%
CO$36.06M · 1.0%
BH$30.82M · 0.8%
KW$30.65M · 0.8%
Peer comparison
Same SIC group: Drilling Oil & Gas Wells
Comparing Helmerich & Payne against the 5 most active filers in the same SIC group.
Dividends
$1.00/share trailing 12 months · -14.5% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.2500 |
| Feb 13, 2026 | $0.2500 |
| Nov 18, 2025 | $0.2500 |
| Aug 15, 2025 | $0.2500 |
| May 15, 2025 | $0.2500 |
| Feb 14, 2025 | $0.2500 |
| Nov 18, 2024 | $0.2500 |
| Aug 16, 2024 | $0.4200 |
| May 16, 2024 | $0.4200 |
| Feb 12, 2024 | $0.4200 |
| Nov 17, 2023 | $0.4200 |
| Aug 16, 2023 | $0.4850 |
| May 17, 2023 | $0.4850 |
| Feb 13, 2023 | $0.4850 |
| Nov 14, 2022 | $0.4850 |
| Aug 16, 2022 | $0.2500 |
| May 12, 2022 | $0.2500 |
| Feb 10, 2022 | $0.2500 |
| Nov 22, 2021 | $0.2500 |
| Aug 16, 2021 | $0.2500 |
| May 14, 2021 | $0.2500 |
| Feb 11, 2021 | $0.2500 |
| Nov 12, 2020 | $0.2500 |
| Aug 14, 2020 | $0.2500 |