NYSE : HP
Helmerich & Payne, Inc. — Financial statements
Energy · Oil & Gas Drilling · United States
Last price 41.58 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.16B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Helmerich & Payne, Inc. (HP) reported revenue of 4.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.83B | 3.68B | 2.75B | 2.86B | 2.05B | 1.21B |
| Other Revenue | 167.78M | 67.35M | 10.48M | 9.74M | 9.10M | 7.77M |
| Revenue | 4.00B | 3.75B | 2.76B | 2.87B | 2.06B | 1.22B |
| Cost of Revenue | 2.72B | 2.51B | 1.62B | 1.71B | 1.43B | 952.60M |
| Gross Profit | 1.27B | 1.23B | 1.13B | 1.16B | 632.36M | 265.97M |
| Selling, General & Admin | 285.02M | 287.05M | 244.88M | 206.69M | 182.37M | 172.19M |
| Research & Development | 27.14M | 34.12M | 40.95M | 30.10M | 26.56M | 21.72M |
| Other Operating Expenses | 120.87M | 56.02M | 4.48M | 4.48M | 4.64M | 5.14M |
| Operating Expenses | 1.17B | 999.38M | 668.47M | 620.27M | 610.14M | 616.78M |
| Operating Income | 98.52M | 235.22M | 463.46M | 543.55M | 22.22M | -350.81M |
| Interest Expense | -103.83M | -107.81M | -29.09M | -17.28M | -19.20M | -23.95M |
| Interest & Investment Income | 10.55M | 35.21M | 41.17M | 28.39M | 18.09M | 10.25M |
| Currency Exchange Gain (Loss) | 11.32M | -9.68M | -5.55M | -6.42M | ||
| Other Non Operating Income (Expenses) | -40.15M | -271.00K | 3.09M | 9.08M | -10.71M | 5.65M |
| EBT Excluding Unusual Items | -23.60M | 152.67M | 473.08M | 557.32M | 10.39M | -358.86M |
| Merger & Restructuring Charges | -26.78M | -66.83M | -14.98M | -838.00K | -5.93M | |
| Impairment of Goodwill | -192.19M | -192.19M | ||||
| Gain (Loss) on Sale of Investments | -37.15M | -22.38M | 13.95M | 11.30M | 57.94M | 6.73M |
| Gain (Loss) on Sale of Assets | 145.37M | 31.86M | 28.17M | 40.16M | 34.88M | 1.04M |
| Asset Writedown | 40.02M | -4.74M | -19.20M | -15.40M | -10.96M | -72.85M |
| Other Unusual Items | 27.50M | 27.50M | -60.08M | |||
| Pretax Income | -41.85M | -74.11M | 481.02M | 593.38M | 31.32M | -429.87M |
| Income Tax Expense | 86.60M | 85.83M | 136.85M | 159.28M | 24.37M | -103.72M |
| Earnings From Continuing Operations | -128.44M | -159.95M | 344.17M | 434.10M | 6.95M | -326.15M |
| Net Income to Company | -128.44M | -159.95M | 344.17M | 434.10M | 6.95M | -326.15M |
| Minority Interest in Earnings | -8.55M | -3.75M | ||||
| Net Income | -137.00M | -163.69M | 344.17M | 434.10M | 6.95M | -326.15M |
| Preferred Dividends & Other Adjustments | 1.67M | 1.40M | 4.73M | 5.86M | 1.51M | 1.35M |
| Net Income to Common | -138.67M | -165.09M | 339.44M | 428.24M | 5.45M | -327.50M |
| Shares Outstanding (Basic) | 99.70M | 99.27M | 98.86M | 102.45M | 105.89M | 107.82M |
| Shares Outstanding (Diluted) | 99.70M | 99.27M | 99.07M | 102.85M | 106.56M | 107.82M |
| EPS (Basic) | -1.39 | -1.66 | 3.43 | 4.18 | 0.05 | -3.04 |
| EPS (Diluted) | -1.39 | -1.66 | 3.43 | 4.16 | 0.05 | -3.04 |
| Free Cash Flow | 315.29M | 116.58M | 189.59M | 438.22M | -38.63M | 54.29M |
| Free Cash Flow Per Share | 3.16 | 1.17 | 1.91 | 4.26 | -0.36 | 0.50 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Gross Margin | 31.85% | 32.96% | 41.06% | 40.52% | 30.71% | 21.83% |
| Operating Margin | 2.46% | 6.28% | 16.81% | 18.92% | 1.08% | -28.79% |
| Profit Margin | -3.47% | -4.41% | 12.31% | 14.91% | 0.26% | -26.88% |
| Free Cash Flow Margin | 7.89% | 3.11% | 6.88% | 15.26% | -1.88% | 4.46% |
| EBITDA | 828.09M | 857.41M | 841.61M | 922.56M | 418.79M | 66.91M |
| EBITDA Margin | 20.72% | 22.89% | 30.53% | 32.12% | 20.34% | 5.49% |
| D&A For EBITDA | 729.57M | 622.18M | 378.14M | 379.01M | 396.57M | 417.73M |
| EBIT | 98.52M | 235.22M | 463.46M | 543.55M | 22.22M | -350.81M |
| EBIT Margin | 2.46% | 6.28% | 16.81% | 18.92% | 1.08% | -28.79% |
| Effective Tax Rate | 28.45% | 26.84% | 77.80% | |||
| Revenue as Reported | 4.00B | 3.75B | 2.76B | 2.87B | 2.06B | 1.22B |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 204.43M | 196.85M | 217.34M | 257.17M | 232.13M | 917.53M |
| Short-Term Investments | 26.96M | 21.50M | 292.92M | 93.60M | 117.10M | 198.70M |
| Cash & Short-Term Investments | 231.39M | 218.34M | 510.26M | 350.77M | 349.23M | 1.12B |
| Accounts Receivable | 869.46M | 757.78M | 423.15M | 409.65M | 437.26M | 208.94M |
| Other Receivables | 34.32M | 6.72M | 29.23M | 37.45M | 24.47M | |
| Receivables | 869.46M | 792.10M | 429.87M | 438.88M | 474.72M | 233.41M |
| Inventory | 325.80M | 324.33M | 117.88M | 94.23M | 87.96M | 84.06M |
| Prepaid Expenses | 97.59M | 31.74M | 23.08M | 23.44M | 20.59M | 30.81M |
| Restricted Cash | 33.55M | 27.41M | 68.90M | 59.06M | 36.25M | 18.35M |
| Other Current Assets | 12.66M | 71.55M | 42.07M | 40.24M | 34.20M | 103.71M |
| Total Current Assets | 1.57B | 1.47B | 1.19B | 1.01B | 1.00B | 1.59B |
| Property, Plant & Equipment | 3.97B | 4.44B | 3.08B | 2.97B | 3.00B | 3.18B |
| Long-Term Investments | 72.86M | 68.20M | 100.57M | 264.95M | 218.98M | 135.44M |
| Goodwill | 182.43M | 182.85M | 45.65M | 45.65M | 45.65M | 45.65M |
| Other Intangible Assets | 423.63M | 485.54M | 54.15M | 60.58M | 67.15M | 73.84M |
| Other Long-Term Assets | 62.82M | 67.00M | 1.31B | 32.06M | 20.93M | 16.15M |
| Total Assets | 6.29B | 6.71B | 5.78B | 4.38B | 4.36B | 5.03B |
| Accounts Payable | 207.37M | 217.92M | 135.08M | 130.85M | 126.97M | 72.00M |
| Accrued Expenses | 560.85M | 450.78M | 237.88M | 176.96M | 156.41M | 164.27M |
| Current Portion of Long-Term Debt | 6.86M | 6.86M | 483.49M | |||
| Current Portion of Leases | 35.96M | 17.00M | 13.77M | 12.38M | 12.62M | |
| Current Income Taxes Payable | 11.87M | 7.02M | 24.50M | 40.83M | 881.00K | |
| Current Unearned Revenue | 59.82M | 19.06M | 33.69M | 28.78M | 99.73M | |
| Other Current Liabilities | 25.42M | 31.62M | 30.91M | 39.17M | 29.44M | 33.32M |
| Total Current Liabilities | 800.49M | 814.84M | 446.95M | 418.93M | 394.81M | 866.31M |
| Long-Term Debt | 1.86B | 2.06B | 1.78B | 545.14M | 542.61M | 542.00M |
| Long-Term Leases | 110.12M | 59.73M | 41.04M | 27.35M | 37.86M | |
| Long-Term Unearned Revenue | 30.12M | 10.12M | 8.13M | 3.16M | 1.00M | |
| Pension & Post-Retirement Benefits | 98.81M | 132.61M | 28.28M | 33.05M | 40.42M | 47.26M |
| Long-Term Deferred Tax Liabilities | 592.40M | 624.00M | 495.48M | 517.81M | 537.71M | 563.44M |
| Other Long-Term Liabilities | 269.41M | 107.63M | 42.00M | 45.91M | 43.99M | 63.64M |
| Total Liabilities | 3.62B | 3.88B | 2.86B | 1.61B | 1.59B | 2.12B |
| Common Stock | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M |
| Additional Paid-In Capital | 514.17M | 513.05M | 518.08M | 525.37M | 528.28M | 529.90M |
| Retained Earnings | 2.46B | 2.62B | 2.88B | 2.71B | 2.47B | 2.57B |
| Treasury Stock | -444.59M | -463.54M | -489.39M | -464.38M | -235.53M | -181.64M |
| Comprehensive Income & Other | 30.23M | 44.96M | -6.35M | -7.98M | -12.07M | -20.24M |
| Total Common Equity | 2.57B | 2.72B | 2.92B | 2.77B | 2.77B | 2.91B |
| Minority Interest | 96.32M | 104.55M | ||||
| Shareholders' Equity | 2.67B | 2.83B | 2.92B | 2.77B | 2.77B | 2.91B |
| Total Liabilities & Equity | 6.29B | 6.71B | 5.78B | 4.38B | 4.36B | 5.03B |
| Total Debt | 1.86B | 2.21B | 1.86B | 599.95M | 582.34M | 1.08B |
| Net Cash (Debt) | -1.63B | -1.99B | -1.35B | -249.18M | -233.11M | 40.26M |
| Net Cash Per Share | -16.36 | -20.06 | -13.61 | -2.42 | -2.19 | 0.37 |
| Filing Date Shares Outstanding | 99.94M | 98.45M | 98.76M | 99.43M | 105.39M | 108.00M |
| Total Common Shares Outstanding | 99.94M | 99.45M | 98.76M | 99.43M | 105.29M | 107.90M |
| Working Capital | 769.97M | 650.64M | 745.12M | 587.69M | 608.13M | 720.26M |
| Book Value Per Share | 25.76 | 27.40 | 29.54 | 27.88 | 26.26 | 26.99 |
| Tangible Book Value | 1.97B | 2.06B | 2.82B | 2.67B | 2.65B | 2.79B |
| Tangible Book Value Per Share | 19.69 | 20.68 | 28.53 | 26.81 | 25.19 | 25.89 |
| Machinery | 8.35B | 8.77B | 7.22B | 6.96B | 6.94B | 6.80B |
| Construction In Progress | 161.10M | 182.94M | 106.18M | 97.37M | 70.12M | 47.59M |
| Order Backlog | 7.00B | 1.50B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -137.00M | -163.69M | 344.17M | 434.10M | 6.95M | -326.15M |
| Depreciation & Amortization | 729.57M | 622.18M | 378.14M | 379.01M | 396.57M | 417.73M |
| Other Amortization | 5.50M | 6.07M | 10.56M | 1.08M | 1.20M | 1.42M |
| Loss (Gain) From Sale of Assets | -145.37M | -31.86M | -28.17M | -40.16M | -34.88M | -1.04M |
| Asset Writedown & Restructuring Costs | 152.17M | 196.93M | 19.20M | 15.40M | 10.96M | 72.85M |
| Loss (Gain) From Sale of Investments | 37.15M | 22.38M | -13.95M | -11.30M | -57.94M | -6.73M |
| Stock-Based Compensation | 36.77M | 31.59M | 31.20M | 32.46M | 28.03M | 27.86M |
| Other Operating Activities | -44.79M | -60.88M | -18.06M | -11.42M | 38.73M | -87.11M |
| Change in Accounts Receivable | -117.06M | -48.60M | -10.74M | 56.28M | -235.56M | -28.42M |
| Change in Inventory | -8.23M | -26.85M | -20.76M | -7.83M | -5.23M | 19.85M |
| Change in Accounts Payable | -28.52M | -21.35M | -2.29M | 4.24M | 53.24M | 31.03M |
| Change in Other Net Operating Assets | 99.44M | 17.02M | -4.62M | -18.18M | 31.82M | 14.05M |
| Operating Cash Flow | 579.63M | 542.95M | 684.66M | 833.68M | 233.91M | 136.44M |
| Capital Expenditures | -264.34M | -426.37M | -495.07M | -395.46M | -272.54M | -82.15M |
| Sale of Property, Plant & Equipment | 46.65M | 45.78M | 46.41M | 70.08M | 62.30M | 130.04M |
| Cash Acquisitions | 2.78M | -1.84B | ||||
| Investment in Securities | -10.63M | 289.99M | -5.62M | -6.43M | 50.42M | -209.88M |
| Other Investing Activities | 785.00K | 1.34M | -4.47M | 9.22M | -7.50M | |
| Investing Cash Flow | -97.09M | -1.93B | -458.75M | -322.58M | -167.31M | -161.99M |
| Long-Term Debt Issued | 400.00M | 1.25B | 548.72M | |||
| Total Debt Issued | 400.00M | 1.25B | 548.72M | |||
| Long-Term Debt Repaid | -200.00M | -487.15M | ||||
| Total Debt Repaid | -327.00M | -200.00M | -487.15M | |||
| Net Debt Issued (Repaid) | -327.00M | 200.00M | 1.25B | -487.15M | 548.72M | |
| Repurchase of Common Stock | -6.47M | -10.84M | -63.48M | -261.62M | -82.50M | -2.16M |
| Common Dividends Paid | -101.28M | -100.73M | -168.46M | -201.46M | -107.39M | -109.13M |
| Other Financing Activities | -21.86M | -21.77M | -29.18M | -790.00K | -57.26M | -11.90M |
| Financing Cash Flow | -456.61M | 66.66M | 986.51M | -463.87M | -734.30M | 425.52M |
| Foreign Exchange Rate Adjustments | -13.74M | 12.97M | ||||
| Net Cash Flow | 12.18M | -1.30B | 1.21B | 47.23M | -667.71M | 399.97M |
| Free Cash Flow | 315.29M | 116.58M | 189.59M | 438.22M | -38.63M | 54.29M |
| Free Cash Flow Margin | 7.89% | 3.11% | 6.88% | 15.26% | -1.88% | 4.46% |
| Free Cash Flow Per Share | 3.16 | 1.17 | 1.91 | 4.26 | -0.36 | 0.50 |
| Levered Free Cash Flow | 493.07M | 89.85M | 195.15M | 366.60M | -16.00M | 208.83M |
| Unlevered Free Cash Flow | 552.47M | 151.16M | 202.77M | 376.32M | -5.20M | 222.38M |
| Cash Interest Paid | 97.20M | 82.30M | 15.95M | 17.10M | 18.91M | 26.71M |
| Cash Income Tax Paid | 119.28M | 205.42M | 180.12M | 172.33M | 17.67M | -32.46M |
| Change in Working Capital | -54.38M | -79.78M | -38.42M | 34.51M | -155.73M | 37.61M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.02B | 2.20B | 3.00B | 4.19B | 3.89B | 2.96B |
| Enterprise Value | 5.65B | 4.45B | 3.26B | 4.44B | 4.10B | 2.90B |
| Last Close Price | 42.99 | 21.47 | 28.29 | 37.46 | 31.32 | 22.55 |
| PE Ratio | 8.85 | 9.79 | 714.89 | |||
| Forward PE | 30.10 | 25.77 | 9.06 | 13.04 | 14.71 | 77.55 |
| PS Ratio | 1.08 | 0.59 | 1.09 | 1.46 | 1.89 | 2.43 |
| PB Ratio | 1.67 | 0.78 | 1.03 | 1.51 | 1.41 | 1.01 |
| P/TBV Ratio | 2.18 | 1.07 | 1.07 | 1.57 | 1.47 | 1.06 |
| P/FCF Ratio | 13.63 | 18.84 | 15.85 | 9.57 | 54.47 | |
| P/OCF Ratio | 7.41 | 4.05 | 4.39 | 5.03 | 16.64 | 21.68 |
| PEG Ratio | 0.76 | 7.07 | 7.07 | 7.07 | 7.07 | 7.07 |
| EV/Sales Ratio | 1.48 | 1.19 | 1.18 | 1.55 | 1.99 | 2.38 |
| EV/EBITDA Ratio | 7.16 | 5.19 | 3.87 | 4.82 | 9.79 | 43.30 |
| EV/EBIT Ratio | 60.16 | 18.90 | 7.03 | 8.18 | 184.62 | |
| EV/FCF Ratio | 18.80 | 38.14 | 17.20 | 10.14 | 53.36 | |
| Debt / Equity Ratio | 0.70 | 0.78 | 0.64 | 0.22 | 0.21 | 0.37 |
| Debt / EBITDA Ratio | 2.25 | 2.42 | 2.17 | 0.64 | 1.35 | 12.78 |
| Debt / FCF Ratio | 5.91 | 18.96 | 9.80 | 1.37 | 19.82 | |
| Net Debt / Equity Ratio | 0.61 | 0.70 | 0.46 | 0.09 | 0.08 | -0.01 |
| Net Debt / EBITDA Ratio | 1.97 | 2.32 | 1.60 | 0.27 | 0.56 | -0.60 |
| Net Debt / FCF Ratio | 5.17 | 17.09 | 7.11 | 0.57 | -6.04 | -0.74 |
| Asset Turnover | 0.61 | 0.60 | 0.54 | 0.66 | 0.44 | 0.25 |
| Inventory Turnover | 8.31 | 11.36 | 15.32 | 18.76 | 16.59 | 10.12 |
| Quick Ratio | 1.38 | 1.24 | 2.10 | 1.89 | 2.09 | 1.56 |
| Current Ratio | 1.96 | 1.80 | 2.67 | 2.40 | 2.54 | 1.83 |
| Return on Equity (ROE) | -4.64% | -5.57% | 12.10% | 15.68% | 0.24% | -10.47% |
| Return on Assets (ROA) | 0.94% | 2.35% | 5.70% | 7.78% | 0.30% | -4.45% |
| Return on Invested Capital (ROIC) | 2.26% | 5.18% | 9.10% | 13.21% | 0.17% | -11.43% |
| Return on Capital Employed (ROCE) | 1.80% | 4.00% | 8.70% | 13.70% | 0.60% | -8.40% |
| Earnings Yield | -3.45% | -7.45% | 11.46% | 10.36% | 0.18% | -11.03% |
| FCF Yield | 7.34% | 5.31% | 6.31% | 10.45% | -0.99% | 1.84% |
| Dividend Yield | 2.48% | 4.53% | 3.29% | 2.37% | 2.71% | 3.65% |
| Payout Ratio | 48.95% | 46.41% | 1,544.59% | |||
| Buyback Yield / Dilution | -0.60% | -0.21% | 3.68% | 3.48% | 1.17% | 0.18% |
| Total Shareholder Return | 1.72% | 4.32% | 6.97% | 5.85% | 3.88% | 3.82% |