A Business at a Glance
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Helmerich & Payne, Inc.
HP
$3.5B
Mkt Cap
$35.34
+0.77%
Helmerich & Payne, Inc. (HP) has a 5-year average return on invested capital (ROIC) of 3.7%. This is below average and may indicate limited pricing power.
Helmerich & Payne, Inc. (HP) has a market capitalization of $3.5B. It is classified as a mid-cap stock.
Yes, Helmerich & Payne, Inc. (HP) pays a dividend with a trailing twelve-month yield of 2.86%.
Helmerich & Payne, Inc. (HP) operates in the Drilling Oil & Gas Wells industry, within the Energy sector.
Helmerich & Payne, Inc. (HP) reported annual revenue of $3.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Helmerich & Payne, Inc. (HP) has a net profit margin of -4.4%. The company is currently unprofitable.
Helmerich & Payne, Inc. (HP) generated $117 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Helmerich & Payne, Inc. ("H&P," which, together with its subsidiaries, is identified as the “Company,” “we,” “us” or “our,” except where stated or the context requires otherwise) was incorporated under the laws of the State of Delaware on February 3, 1940 and is successor to a business originally organized in 1920. We provide performance-driven drilling solutions and technologies that are intended to make hydrocarbon recovery safer and more economical for oil and gas exploration and production companies. We are an important partner for a number of oil and gas exploration and production companies, but we focus primarily on the drilling segment of the oil and gas production value chain. Our technology services focus on developing, promoting and commercializing technologies designed to improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.0B | 3.7B | 2.8B | 2.9B | 2.1B | 1.2B |
| Net Income | -300M | -165M | 339M | 428M | 5.4M | -328M |
| EPS | $-3.01 | $-1.66 | $3.43 | $4.16 | $0.05 | $-3.04 |
| Free Cash Flow | 256M | 117M | 190M | 438M | -17M | 54M |
| ROIC | -4.0% | - | 9.0% | 13.8% | 1.0% | -9.0% |
| Gross Margin | - | 33.0% | 41.1% | 40.5% | 30.7% | 21.8% |
| Debt/Equity | 0.76 | 0.73 | 0.61 | 0.20 | 0.20 | 0.35 |
| Dividends/Share | $1.01 | $1.01 | $1.70 | $1.96 | $1.00 | $1.00 |
| Operating Income | -227M | - | 457M | 568M | 45M | -429M |
| Operating Margin | -5.7% | - | 16.6% | 19.8% | 2.2% | -35.2% |
| ROE | -11.4% | -5.7% | 11.9% | 15.5% | 0.2% | -10.5% |
| Shares Outstanding | 100M | 99M | 99M | 103M | 109M | 108M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.7B | 3.2B | 1.6B | 1.8B | 2.5B | 2.8B | 1.8B | 1.2B | 2.1B | 2.9B | 2.8B | 3.7B | 4.0B |
| Gross Margin | 46.6% | 45.7% | 46.3% | 31.0% | 33.8% | 35.6% | 33.2% | 21.8% | 30.7% | 40.5% | 41.1% | 33.0% | N/A |
| R&D | 16M | 16M | 10M | 12M | 18M | 27M | 22M | 22M | 27M | 30M | 41M | 34M | 29M |
| SG&A | 135M | 135M | 146M | 148M | 199M | 194M | 168M | 172M | 182M | 207M | 245M | 287M | 285M |
| EBIT | 1.1B | 672M | -26M | -169M | 33M | 21M | -620M | -429M | 45M | 568M | 457M | N/A | -227M |
| Op. Margin | 28.3% | 21.3% | -1.6% | -9.4% | 1.3% | 0.7% | -35.0% | -35.2% | 2.2% | 19.8% | 16.6% | N/A | -5.7% |
| Net Income | 702M | 418M | -59M | -130M | 478M | -37M | -497M | -328M | 5.4M | 428M | 339M | -165M | -300M |
| Net Margin | 18.9% | 13.2% | -3.6% | -7.2% | 19.2% | -1.3% | -28.0% | -26.9% | 0.3% | 14.9% | 12.3% | -4.4% | -7.5% |
| Non-Recurring | 19M | 12M | 9.9M | 21M | 27M | 264M | 74M | -5.4M | 6.3M | -8.0M | -5.1M | 203M | 17M |
| Returns on Capital | |||||||||||||
| ROIC | 15.6% | 9.3% | -1.1% | -2.7% | 10.0% | 0.5% | -12.0% | -9.0% | 1.0% | 13.8% | 9.0% | N/A | -4.0% |
| ROE | 15.0% | 8.5% | -1.2% | -3.0% | 11.2% | -0.9% | -13.6% | -10.5% | 0.2% | 15.5% | 11.9% | -5.7% | -11.4% |
| ROA | 10.8% | 6.0% | -0.8% | -2.0% | 7.6% | -0.6% | -9.3% | -6.6% | 0.1% | 9.8% | 6.7% | -2.6% | -4.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.1B | 1.4B | 755M | 371M | 558M | 856M | 539M | 136M | 234M | 834M | 685M | 543M | 548M |
| Free Cash Flow | 178M | 297M | 497M | -26M | 91M | 397M | 398M | 54M | -17M | 438M | 190M | 117M | 256M |
| Owner Earnings | 578M | 795M | 132M | -241M | -58M | 259M | 21M | -311M | -197M | 419M | 256M | -114M | -220M |
| CapEx | 952M | 1.1B | 257M | 398M | 467M | 458M | 141M | 82M | 251M | 395M | 495M | 426M | 292M |
| Maint. CapEx | 524M | 608M | 599M | 586M | 584M | 563M | 482M | 420M | 403M | 382M | 397M | 625M | 731M |
| Growth CapEx | 428M | 523M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 98M | 0 | 0 |
| D&A | 524M | 608M | 599M | 586M | 584M | 563M | 482M | 420M | 403M | 382M | 397M | 625M | 731M |
| CapEx/OCF | 85.2% | 79.2% | 34.1% | 109.9% | 83.6% | 53.6% | 26.1% | 60.2% | 107.3% | 47.4% | 72.3% | 78.5% | 53.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 264M | 298M | 300M | 306M | 308M | 313M | 260M | 109M | 107M | 201M | 168M | 101M | 101M |
| Dividend Yield | 4.4% | 6.8% | 7.7% | 7.0% | 6.5% | 7.6% | 11.4% | 4.7% | 3.1% | 5.4% | 5.0% | 4.2% | 2.9% |
| Share Buybacks | 0 | 60M | 0 | 0 | 0 | 43M | 29M | 0 | 77M | 247M | 51M | 0 | 0 |
| Buyback Yield | N/A | 2.0% | N/A | N/A | N/A | 1.5% | 2.2% | N/A | 1.7% | 6.0% | 1.8% | N/A | 0.0% |
| Stock-Based Comp | 27M | 25M | 24M | 26M | 32M | 34M | 36M | 28M | 28M | 32M | 31M | 32M | 36M |
| Debt Repayment | 115M | 40M | 40M | 0 | 0 | 13M | 0 | 0 | 487M | 0 | 0 | 200M | 200M |
| Balance Sheet | |||||||||||||
| Net Debt | -281M | -243M | -458M | -73M | 168M | 78M | -96M | -91M | 193M | 194M | 1.3B | 1.8B | 1.8B |
| Cash & Equiv. | 360M | 729M | 906M | 521M | 284M | 348M | 488M | 918M | 232M | 257M | 217M | 197M | 199M |
| Long-Term Debt | 40M | 492M | 492M | 493M | 494M | 479M | 481M | 542M | 543M | 545M | 1.8B | 2.1B | 1.9B |
| Debt/Equity | 0.02 | 0.11 | 0.11 | 0.12 | 0.11 | 0.12 | 0.14 | 0.35 | 0.20 | 0.20 | 0.61 | 0.73 | 0.76 |
| Interest Coverage | 226.1 | 44.7 | -1.1 | -8.6 | 1.4 | 0.8 | -25.3 | -17.9 | 2.4 | 32.9 | 15.7 | N/A | N/A |
| Equity | 4.9B | 4.9B | 4.6B | 4.2B | 4.4B | 4.0B | 3.3B | 2.9B | 2.8B | 2.8B | 2.9B | 2.8B | 2.6B |
| Total Assets | 6.7B | 7.1B | 6.8B | 6.4B | 6.2B | 5.8B | 4.8B | 5.0B | 4.4B | 4.4B | 5.8B | 6.7B | 6.3B |
| Total Liabilities | 1.8B | 2.3B | 2.3B | 2.3B | 1.8B | 1.8B | 1.5B | 2.1B | 1.6B | 1.6B | 2.9B | 3.9B | -37M |
| Intangibles | N/A | N/A | 919K | 51M | 73M | 87M | 81M | 74M | 67M | 61M | 54M | 486M | 444M |
| Retained Earnings | 4.5B | 4.6B | 4.3B | 3.9B | 4.0B | 3.7B | 3.0B | 2.6B | 2.5B | 2.7B | 2.9B | 2.6B | 2.4B |
| Working Capital | 770M | 1.1B | 1.2B | 891M | 738M | 705M | 744M | 720M | 608M | 588M | 745M | 651M | 609M |
| Current Assets | 1.3B | 1.4B | 1.6B | 1.2B | 1.1B | 1.1B | 963M | 1.6B | 1.0B | 1.0B | 1.2B | 1.5B | 1.5B |
| Current Liabilities | 507M | 348M | 330M | 344M | 377M | 410M | 219M | 866M | 395M | 419M | 447M | 815M | 863M |
| Per Share Data | |||||||||||||
| EPS | 6.44 | 3.85 | -0.54 | -1.20 | 4.37 | -0.34 | -4.60 | -3.04 | 0.05 | 4.16 | 3.43 | -1.66 | -3.01 |
| Owner EPS | 5.30 | 7.32 | 1.21 | -2.22 | -0.53 | 2.39 | 0.19 | -2.89 | -1.81 | 4.07 | 2.59 | -1.14 | -2.20 |
| Book Value | 44.84 | 45.06 | 41.97 | 38.44 | 40.04 | 37.11 | 30.71 | 27.04 | 25.39 | 26.93 | 29.48 | 28.45 | 26.32 |
| Cash Flow/Share | 10.35 | 13.15 | 6.94 | 3.43 | 5.10 | 7.92 | 4.99 | 1.27 | 2.15 | 8.10 | 6.92 | 5.46 | 4.32 |
| Dividends/Share | 2.63 | 2.75 | 2.78 | 2.80 | 2.82 | 2.84 | 1.92 | 1.00 | 1.00 | 1.96 | 1.70 | 1.01 | 1.01 |
| Shares Out. | 109.1M | 108.6M | 108.7M | 108.4M | 109.5M | 108.1M | 108.1M | 107.7M | 108.9M | 102.9M | 99.0M | 99.5M | 99.9M |
| Valuation | |||||||||||||
| P/E Ratio | 8.8 | 7.2 | N/A | N/A | 10.9 | N/A | N/A | N/A | 661.6 | 9.5 | 8.2 | N/A | -11.8 |
| P/FCF | 35.1 | 10.2 | 8.6 | N/A | 57.0 | 8.0 | 3.2 | 45.7 | N/A | 9.3 | 14.7 | 19.0 | 13.8 |
| EV/EBIT | 5.4 | 4.2 | N/A | N/A | 164.5 | 146.0 | N/A | N/A | 105.8 | 7.7 | 9.0 | 135.2 | N/A |
| Price/Book | 1.3 | 0.6 | 0.9 | 0.9 | 1.2 | 0.7 | 0.4 | 0.8 | 1.7 | 1.5 | 1.0 | 0.8 | 1.3 |
| Price/Sales | N/A | N/A | N/A | N/A | 1.9 | 1.3 | 1.3 | 1.9 | 2.2 | 1.3 | 1.3 | 0.6 | 0.9 |
| FCF Yield | 2.8% | 9.7% | 11.9% | -0.7% | 1.7% | 13.6% | 31.2% | 2.2% | -0.4% | 10.6% | 6.7% | 5.3% | 7.2% |
| Market Cap | 6.3B | 3.0B | 4.2B | 3.7B | 5.3B | 2.9B | 1.3B | 2.5B | 4.6B | 4.1B | 2.8B | 2.2B | 3.5B |
| Avg. Price | 55.14 | 40.25 | 35.92 | 40.28 | 43.25 | 38.02 | 21.18 | 21.34 | 32.07 | 36.52 | 34.34 | 23.84 | 35.34 |
| Year-End Price | 57.16 | 27.91 | 39.58 | 34.70 | 47.57 | 29.56 | 11.87 | 23.03 | 33.08 | 39.61 | 28.24 | 22.27 | 35.34 |
Helmerich & Payne, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 19.7x vs a median of 12.0x. The company's 5-year average ROIC is 3.7% with a gross margin of 33.4%. Total shareholder yield (dividends) is 2.9%. At current prices, the estimated annualized return to fair value is -4.9%.
Helmerich & Payne, Inc. (HP) has a debt-to-equity ratio of 0.73. This indicates moderate leverage.
Helmerich & Payne, Inc. (HP) reported earnings per share (EPS) of $-1.66 in its most recent fiscal year.
Helmerich & Payne, Inc. (HP) has a return on equity (ROE) of -5.7%. A negative ROE may indicate losses or negative equity.
Helmerich & Payne, Inc. (HP) has a 5-year average gross margin of 33.4%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for Helmerich & Payne, Inc. (HP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Helmerich & Payne, Inc. (HP) has a book value per share of $28.45, based on its most recent annual SEC filing.