Helmerich & Payne Inc. (HP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.1	-$0.11	-210.0%	—	—	—
Q4 26	-$0.04	-$0.38	-850.0%	—	—	—
Q3 26	$0.11	-$0.15	-236.4%	—	—	—
Q2 26	$0.26	-$0.01	-103.8%	—	—	—
Q1 26	$0.21	$0.22	+4.8%	—	—	—
Q4 25	$0.62	$0.02	-96.8%	—	—	—
Q3 25	$0.67	$0.71	+6.0%	—	—	—
Q2 25	$0.82	$0.76	-7.3%	—	—	—
Q1 25	$0.77	$0.92	+19.5%	—	—	—
Q4 24	$0.86	$0.84	-2.3%	—	—	—
Q3 24	$0.71	$0.97	+36.6%	—	—	—
Q2 24	$0.76	$0.69	-9.2%	—	—	—
Q1 24	$0.91	$1.09	+19.8%	—	—	—
Q4 23	$1.05	$1.26	+20.0%	—	—	—
Q3 23	$0.8	$1.11	+38.8%	—	—	—
Q2 23	$0.46	$0.45	-2.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$1.66	—	—	$3.7B	—
FY24	—	$3.43	—	—	$2.8B	—
FY23	—	$4.18	—	—	$2.9B	—
FY22	—	$0.05	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.8B	$2.5B	$2.8B	$1.8B	$1.2B	$2.1B	$2.9B	$2.8B	$3.7B
YoY change	-48.6%	+11.1%	+37.8%	+12.5%	-36.6%	-31.3%	+69%	+39.5%	-4.03%	+35.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.8B	2.5B	2.8B	1.8B	1.2B	2.1B	2.9B	2.8B	3.7B
Cost of revenue	1.5B	1.8B	2.2B	2.4B	1.7B	1.4B	1.8B	2.1B	2B	3.1B
Gross profit	132.9M	-25.5M	255.9M	432.5M	107.3M	-153.8M	229.2M	775M	729M	609.5M
Gross margin	8.18%	-1.41%	10.3%	15.5%	6.05%	-12.6%	11.1%	27%	26.4%	16.3%
Research & development	10.3M	12M	18.2M	27.5M	21.6M	21.7M	26.6M	30M	41M	34.1M
Selling, general & administrative	146.2M	147.5M	199.3M	194.4M	167.5M	172.2M	182.4M	206.7M	244.9M	287.1M
Operating expenses	162.5M	164.2M	222.5M	227.3M	194.9M	199.1M	213.6M	241.2M	290.3M	377.2M
Operating income	-29.6M	-189.7M	33.4M	205.2M	-87.7M	-352.8M	15.6M	533.8M	438.7M	232.3M
Operating margin	-1.82%	-10.5%	1.34%	7.33%	-4.94%	-29%	0.76%	18.6%	15.9%	6.2%
Non-operating income, net	-23.3M	18.9M	-1.3M	-240.7M	-531.6M	-63.4M	16.8M	48.4M	30.2M	-233.8M
Pretax income	-72.7M	-184.6M	15.8M	-51.2M	-636.5M	-429.9M	31.3M	593.4M	481M	-74.1M
Income tax	-19.7M	-56.7M	-477.2M	-18.7M	-140.1M	-103.7M	24.4M	159.3M	136.9M	85.8M
Net income	-56.8M	-128.2M	482.7M	-33.7M	-494.5M	-326.1M	7M	434.1M	344.2M	-159.9M
Net margin	-3.5%	-7.1%	19.4%	-1.2%	-27.9%	-26.8%	0.34%	15.1%	12.5%	-4.27%
EBITDA	571.2M	400.1M	624.4M	775.9M	396.1M	82.8M	426.2M	953.6M	880.3M	919.8M
EPS	-0.54	-1.2	4.39	-0.34	-4.6	-3.04	0.05	4.18	3.43	-1.66
Diluted EPS	-0.54	-1.2	4.37	-0.34	-4.6	-3.04	0.05	4.16	3.43	-1.66

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	659.6M	677.1M	687.9M	697.7M	693.8M	677.3M	1B	1B	1B	1B	932.4M	1B
Cost of revenue	503.1M	497.3M	506.4M	514.8M	509M	510.9M	859.3M	883.7M	883.5M	864.7M	841.9M	865.9M
Gross profit	156.5M	179.9M	181.5M	182.9M	184.8M	166.4M	156.7M	157.2M	128.3M	152.3M	90.4M	169M
Gross margin	23.7%	26.6%	26.4%	26.2%	26.6%	24.6%	15.4%	15.1%	12.7%	15%	9.7%	16.3%
Research & development	7.3M	8.6M	12.9M	10.6M	8.9M	9.4M	9.4M	7.8M	7.6M	6.6M	7M	5.9M
Selling, general & administrative	56.1M	56.6M	62M	66.9M	59.4M	63.1M	80.8M	65.5M	77.6M	70.4M	71.1M	65.8M
Operating expenses	64.6M	66.3M	76M	78.6M	69.4M	73.6M	93.7M	104.3M	105.5M	108.3M	102.9M	102.7M
Operating income	91.9M	113.5M	105.5M	104.3M	115.3M	92.8M	63M	52.9M	22.7M	44M	-12.4M	66.3M
Operating margin	13.9%	16.8%	15.3%	15%	16.6%	13.7%	6.2%	5.08%	2.25%	4.32%	-1.33%	6.41%
Non-operating income, net	18.2M	5.4M	9.2M	10.5M	5.2M	-15.8M	2.5M	-159.4M	-60.2M	-104.9M	-10.5M	106.4M
Pretax income	113.6M	125.3M	117M	122.4M	116.4M	76.4M	44.4M	-132.9M	-62.1M	-83.7M	-46.6M	150.5M
Income tax	35.1M	30.1M	32.2M	33.7M	40.9M	21.6M	41.5M	29M	-6.3M	11.2M	9.3M	72.4M
Net income	77.6M	95.2M	84.8M	88.7M	75.5M	54.8M	3M	-161.9M	-55.8M	-94.9M	-55.9M	78.2M
Net margin	11.8%	14.1%	12.3%	12.7%	10.9%	8.09%	0.29%	-15.6%	-5.52%	-9.33%	-5.99%	7.55%
EBITDA	205.5M	217.7M	217M	217.1M	228.4M	214M	229.5M	266.5M	209M	226.7M	167.1M	248.1M
EPS	—	0.95	0.85	0.89	0.75	0.55	0.01	-1.64	-0.58	-0.98	-0.59	0.74
Diluted EPS	—	0.94	0.84	0.88	0.75	0.54	0.01	-1.64	-0.58	-0.98	-0.59	0.74

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.3B	5.7B	7.5B	4.4B	1.6B	3B	3.9B	4.3B	3B	2.2B	3.7B
Enterprise value	6.8B	5.6B	7.7B	4.5B	1.5B	2.9B	4.1B	4.6B	4.4B	4.2B	5.6B
Shares outstanding	108M	108.5M	108.9M	109.2M	108M	107.8M	105.9M	102.4M	98.9M	99.3M	99.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	15.5	—	—	—	563	9.95	8.74	—	7.04
P/S	4.47	3.13	3.01	1.56	0.89	2.43	1.9	1.5	1.09	0.59	0.96
P/B	1.59	1.36	1.71	1.09	0.48	1.01	1.42	1.56	1.03	0.78	1.5
EV/EBITDA	11.9	14	12.3	5.74	3.87	35.2	9.73	4.79	4.95	4.55	6.74
EV/Sales	4.19	3.09	3.08	1.59	0.86	2.39	2.01	1.59	1.58	1.12	1.4
Earnings yield	—	—	6.45%	—	—	—	0.18%	10.1%	11.4%	—	14.2%
FCF yield	6.84%	-0.47%	1.22%	9.08%	25.2%	1.84%	-0.99%	10.1%	6.3%	5.32%	13.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	8.18%	-1.41%	10.3%	15.5%	6.05%	-12.6%	11.1%	27%	26.4%	16.3%	16.3%
Operating margin	-1.82%	-10.5%	1.34%	7.33%	-4.94%	-29%	0.76%	18.6%	15.9%	6.2%	5.1%
Net margin	-3.5%	-7.1%	19.4%	-1.2%	-27.9%	-26.8%	0.34%	15.1%	12.5%	-4.27%	-3.43%
ROE	-1.25%	-3.08%	11%	-0.84%	-14.9%	-11.2%	0.25%	15.7%	11.8%	-5.65%	-4.64%
ROA	-0.83%	-1.99%	7.77%	-0.58%	-10.2%	-6.48%	0.16%	9.91%	5.95%	-2.39%	0.94%
ROIC	-0.72%	-4.64%	0.73%	5.02%	-2.68%	-12.3%	0.12%	12.9%	7.36%	4.82%	2.8%
Return on tangible assets	-0.83%	-2.06%	8.13%	-0.61%	-10.8%	-6.8%	0.17%	10.4%	6.17%	-2.98%	-2.53%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.76	3.59	2.96	2.72	4.4	1.83	2.54	2.4	2.67	1.8	1.96
Quick ratio	4.39	3.19	2.54	2.35	3.92	1.73	2.32	2.18	2.4	1.4	1.55
Debt / equity	0.11	0.12	0.11	0.12	0.16	0.37	0.21	0.22	0.64	0.78	0.7
Debt / assets	0.07	0.08	0.08	0.08	0.11	0.21	0.13	0.14	0.32	0.33	0.3
Net debt / EBITDA	-0.8	-0.18	0.27	0.1	-0.13	-0.49	0.55	0.26	1.53	2.17	1.92
Interest coverage	-2.17	-8.35	1.65	-1.03	-25	-16.9	2.63	35.3	17.5	0.31	0.6
Effective tax rate	0%	0%	0%	0%	0%	0%	77.8%	26.8%	28.5%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	15	16.6	22.9	25.6	16.4	11.3	19.4	28	27.9	37.7	40.1
EPS (basic)	-0.54	-1.2	4.39	-0.34	-4.6	-3.04	0.05	4.18	3.43	-1.66	-1.66
EPS (diluted)	-0.54	-1.2	4.37	-0.34	-4.6	-3.04	0.05	4.16	3.43	-1.66	-1.39
Book value per share	42.2	38.4	40.3	36.7	30.7	27	26.1	27.1	29.5	28.5	25.8
FCF per share	4.61	-0.24	0.84	3.64	3.69	0.5	-0.36	4.28	1.92	1.17	3.15
Cash per share	8.79	5.22	2.99	3.67	5.34	10.4	3.3	3.42	5.16	2.2	2.31
Capex per share	—	—	—	0	0	0.8	0	0	—	4.29	2.64

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	0%	0%	7.1%	0%	0%	—	11.4%	6.62%
Capex / operating cash flow	—	—	—	0%	0%	142.3%	0%	0%	—	78.5%	45.6%
Payout ratio	-528.2%	-238.3%	63.9%	-931.2%	-52.6%	-33.5%	1.5K%	46.4%	48.9%	-63%	60.9%
Dividend yield	4.13%	5.4%	4.12%	7.16%	16.5%	3.69%	2.74%	4.66%	5.6%	4.59%	2.67%

Yield

2.67%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Aug 18, 2026

Payout ratio

61%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 18, 2026	$0.25
May 18, 2026	$0.25
Feb 13, 2026	$0.25

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$659.6M	$677.1M	$687.9M	$697.7M	$693.8M	$677.3M	$1B	$1B	$1B	$1B	$932.4M	$1B
YoY change	+4.48%	-5.9%	-10.6%	-3.62%	+5.18%	+0.02%	+47.7%	+49.2%	+45.8%	+50.2%	-8.24%	-0.58%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	949.7M	565.9M	325.8M	400.9M	577.2M	1.1B	349.2M	350.8M	510.3M	218.3M
Receivables	287M	398.3M	530.9M	461.8M	150.2M	204.4M	430.9M	403.1M	418.6M	752.8M
Inventory	124.3M	137.2M	158.1M	149.7M	104.2M	84.1M	88M	94.2M	117.9M	324.3M
Total current assets	1.6B	1.2B	1.1B	1.1B	963.3M	1.6B	1B	1B	1.2B	1.5B
Property, plant & equipment	5.1B	5B	4.8B	4.5B	3.7B	3.2B	3B	3B	3.1B	4.4B
Goodwill & intangibles	11.3M	205M	276M	339M	253.4M	239M	225.6M	212.5M	199.6M	1.3B
Total assets	6.8B	6.4B	6.2B	5.8B	4.8B	5B	4.4B	4.4B	5.8B	6.7B
Accounts payable	95.4M	135.6M	132.7M	45.4M	36.5M	72M	127M	130.9M	135.1M	217.9M
Short-term debt	—	—	—	—	11.4M	496.1M	12.4M	13.8M	17M	42.8M
Total current liabilities	330.1M	344.4M	377.2M	410.2M	219.1M	866.3M	394.8M	418.9M	446.9M	814.8M
Long-term debt	491.8M	492.9M	494M	479.4M	514.6M	579.9M	570M	586.2M	1.8B	2.2B
Total liabilities	2.3B	2.3B	1.8B	1.8B	1.5B	2.1B	1.6B	1.6B	2.9B	3.9B
Shareholders' equity	4.6B	4.2B	4.4B	4B	3.3B	2.9B	2.8B	2.8B	2.9B	2.8B
Total debt	491.8M	492.9M	494M	479.4M	526M	1.1B	582.3M	600M	1.9B	2.2B
Net debt	-413.7M	-28.5M	209.6M	131.4M	38.1M	158.4M	350.2M	342.8M	1.6B	2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	350.8M	298.2M	277M	289.7M	510.3M	526.5M	195.6M	187.4M	218.3M	269M	199.1M	231.4M
Receivables	403.1M	435.8M	431.7M	415.4M	418.6M	426.9M	786.3M	782.6M	752.8M	726.8M	810.6M	869.5M
Inventory	94.2M	101.4M	107.2M	115.3M	117.9M	127.3M	321.6M	330M	324.3M	324.8M	330.5M	325.8M
Total current assets	1B	988.7M	948.8M	970.3M	1.2B	1.2B	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B
Property, plant & equipment	3B	3B	3.1B	3.1B	3.1B	3.1B	4.6B	4.5B	4.4B	4.2B	4.1B	4B
Goodwill & intangibles	212.5M	209.2M	206M	202.8M	199.6M	196.4M	1.7B	1.3B	1.3B	1.3B	1.3B	1.2B
Total assets	4.4B	4.4B	4.4B	4.5B	5.8B	5.8B	7.2B	6.9B	6.7B	6.5B	6.3B	6.3B
Accounts payable	130.9M	157.3M	158.3M	158.9M	135.1M	148.8M	272.8M	240.9M	217.9M	188.3M	177.2M	207.4M
Short-term debt	13.8M	—	—	—	17M	—	6.8M	6.9M	42.8M	6.9M	146.3M	6.9M
Total current liabilities	418.9M	469M	438.8M	456.8M	446.9M	435.7M	887.6M	809.8M	814.8M	721.9M	863.3M	800.5M
Long-term debt	586.2M	545.3M	545.4M	545.6M	1.8B	1.8B	2.2B	2.2B	2.2B	2B	1.9B	1.9B
Total liabilities	1.6B	1.7B	1.6B	1.6B	2.9B	2.9B	4.2B	4B	3.9B	3.8B	3.7B	3.6B
Shareholders' equity	2.8B	2.8B	2.8B	2.9B	2.9B	2.9B	3.1B	2.9B	2.8B	2.7B	2.6B	2.7B
Total debt	600M	545.3M	545.4M	545.6M	1.9B	1.8B	2.2B	2.2B	2.2B	2B	2B	1.9B
Net debt	342.8M	331.2M	351.8M	342M	1.6B	1.4B	2.1B	2B	2B	1.8B	1.8B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-53M	-127.9M	493M	-32.5M	-496.4M	-326.1M	7M	434.1M	344.2M	-159.9M
Depreciation & amortization	598.6M	585.5M	583.8M	562.8M	481.9M	419.7M	403.2M	382.3M	397.3M	625.1M
Stock-based compensation	24.4M	26.2M	31.7M	34.3M	36.3M	27.9M	28M	32.5M	31.2M	31.6M
Change in working capital	50.7M	-66.4M	-115M	47.5M	306.8M	25.1M	-206.6M	45.8M	-58.6M	-46.7M
Operating cash flow	682.1M	395M	515.4M	573.7M	170.4M	60.8M	211.4M	884.3M	706.6M	543M
Capital expenditure	—	—	—	0	0	86.5M	0	0	—	-426.4M
Investing cash flow	22.9M	-47.4M	-5.8M	35.8M	52.9M	-79.8M	105.2M	72.9M	36.3M	-1.9B
Dividends paid	-300.2M	-305.5M	-308.4M	-313.4M	-260.3M	-109.1M	-107.4M	-201.5M	-168.5M	-100.7M
Share repurchases	0	0	0	-42.8M	-28.5M	0	-77M	-247.2M	-51.3M	0
Financing cash flow	-346.9M	-312.1M	-326.2M	-392.2M	-301.3M	425.5M	-734.3M	-463.9M	986.5M	66.7M
Net change in cash	358.1M	35.5M	183.4M	217.2M	-78M	406.5M	-417.6M	493.3M	1.7B	-1.3B
Free cash flow	497.4M	-26.4M	91.3M	397.3M	398.1M	54.3M	-38.6M	438.2M	189.6M	116.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	78.5M	95.2M	84.8M	88.7M	75.5M	54.8M	3M	-161.9M	-55.8M	-94.9M	-55.9M	78.2M
Depreciation & amortization	94.6M	94M	104.5M	97.8M	101M	99.1M	157.7M	179.5M	188.9M	181.9M	180.7M	181M
Stock-based compensation	8.6M	7.7M	8.4M	7.7M	7.4M	6.9M	8.1M	7.9M	8.8M	9.3M	10.4M	8.3M
Change in working capital	30.5M	-19.4M	-14.9M	403K	-24.5M	-10M	36.6M	1.2M	-74.5M	21.2M	-107.9M	12M
Operating cash flow	192.8M	168.8M	176M	188.2M	172.5M	142.8M	184.3M	121.6M	206.9M	182.4M	36.6M	153.7M
Capital expenditure	—	—	—	—	—	—	—	-97M	-64.1M	-67.6M	-62.9M	-69.8M
Investing cash flow	-17.9M	23.3M	6.9M	4.9M	1.2M	159.1M	129.4M	-57M	-52.8M	-58.3M	-54M	-59.6M
Dividends paid	-48.9M	-42.3M	-42.1M	-42M	-42M	-25M	-25.3M	-25.2M	-25.2M	-25.2M	-25.4M	-25.4M
Share repurchases	0	-47.4M	-3.9M	0	0	0	0	0	0	—	—	—
Financing cash flow	-48.9M	-98.7M	-49.4M	-48M	-65M	-33.1M	-55.7M	-90.5M	-154M	-69.8M	-58.3M	-174.5M
Net change in cash	126M	93.4M	133.5M	145M	108.8M	268.8M	258M	-25.8M	125K	54.3M	-75.7M	-80.5M
Free cash flow	101M	38.4M	25.4M	63M	62.8M	51.9M	-102.7M	24.6M	142.8M	114.9M	-26.3M	83.9M

Date	Ratio
Jul 10, 2006	2:1
Jan 2, 1998	2:1
Oct 15, 1980	2:1

Helmerich & Payne Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history