Helmerich & Payne, Inc. (HP)

NYSE Energy Oil & Gas Drilling S&P SmallCap 600

$35.22

+0.54 (+1.56%)

Close of Nov 06, 2026 · end-of-day data

Source: Helmerich & Payne, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.62B	$1.79B	$2.47B	$2.79B	$1.76B	$1.21B	$2.05B	$2.86B	$2.75B	$3.68B
Cost of revenue	—	$1.24B	$1.65B	$1.80B	$1.18B	$952.60M	$1.43B	$1.71B	$1.62B	$2.51B
Gross profit	—	$547.74M	$826.90M	$982.35M	$576.93M	$258.20M	$623.25M	$1.15B	$1.12B	$1.17B
Research & development	$10.27M	$12.05M	$18.17M	$27.47M	$21.64M	$21.72M	$26.56M	$30.10M	$40.95M	$34.12M
Selling, general & admin	$146.18M	$147.55M	$199.26M	$194.42M	$167.51M	$172.19M	$182.37M	$206.69M	$244.88M	$287.05M
Operating income	-$25.97M	-$169.09M	$32.96M	$20.58M	-$620.19M	-$428.55M	$45.29M	$568.31M	$457.45M	$3.32M
Interest expense	$22.91M	$19.75M	$24.27M	$25.19M	$24.47M	$23.95M	$19.20M	$17.28M	$29.09M	$107.81M
Pre-tax income	-$72.67M	-$184.60M	$15.84M	-$51.22M	-$636.50M	-$429.87M	$31.32M	$593.38M	$481.02M	-$74.11M
Income tax	-$19.68M	-$56.73M	-$477.17M	-$18.71M	-$140.11M	-$103.72M	$24.37M	$159.28M	$136.85M	$85.83M
Net income	-$56.83M	-$128.21M	$482.67M	-$33.66M	-$494.50M	-$326.15M	$6.95M	$434.10M	$344.17M	-$163.69M
EBITDA	$572.62M	$416.46M	$616.77M	$583.38M	-$138.30M	-$8.82M	$448.46M	$950.62M	$854.79M	$628.40M
EPS (basic)	$-0.54	$-1.20	$4.39	$-0.34	$-4.60	$-3.04	$0.05	$4.18	$3.43	$-1.66
EPS (diluted)	$-0.54	$-1.20	$4.37	$-0.34	$-4.60	$-3.04	$0.05	$4.16	$3.43	$-1.66
Diluted shares	108.00M	108.50M	109.39M	109.22M	108.01M	107.82M	106.56M	102.85M	99.07M	99.27M
Gross margin	—	30.6%	33.4%	35.3%	32.7%	21.3%	30.4%	40.3%	40.8%	31.7%
Operating margin	-1.6%	-9.4%	1.3%	0.7%	-35.2%	-35.4%	2.2%	19.9%	16.7%	0.1%
Net margin	-3.5%	-7.2%	19.5%	-1.2%	-28.1%	-26.9%	0.3%	15.2%	12.5%	-4.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$905.56M	$521.38M	$284.36M	$347.94M	$487.88M	$917.53M	$232.13M	$257.17M	$217.34M	$196.85M
Short-term investments	$44.15M	$44.49M	$41.46M	$52.96M	$89.33M	$198.70M	$117.10M	$93.60M	$292.92M	$21.50M
Receivables	$287.00M	$398.35M	$530.86M	$461.77M	$150.25M	$204.42M	$430.94M	$403.09M	$418.59M	$752.81M
Inventory	$124.33M	$137.20M	$158.13M	$149.65M	$104.18M	$84.06M	$87.96M	$94.23M	$117.88M	$324.33M
Total current assets	$1.57B	$1.24B	$1.12B	$1.12B	$963.33M	$1.59B	$1.00B	$1.01B	$1.19B	$1.47B
Goodwill	$4.72M	$51.70M	$64.78M	$82.79M	$45.65M	$45.65M	$45.65M	$45.65M	$45.65M	$182.85M
Total assets	$6.83B	$6.44B	$6.21B	$5.84B	$4.83B	$5.03B	$4.36B	$4.38B	$5.78B	$6.71B
Total current liabilities	$330.12M	$344.38M	$377.17M	$410.24M	$219.14M	$866.31M	$394.81M	$418.93M	$446.95M	$814.84M
Short-term debt	—	—	$0	$0	$0	$483.49M	$0	—	$0	$6.86M
Long-term debt	$491.85M	$492.90M	$493.97M	$479.36M	$480.73M	$542.00M	$542.61M	$545.14M	$1.78B	$2.06B
Total debt	$491.85M	$492.90M	$493.97M	$479.36M	$480.73M	$1.03B	$542.61M	$545.14M	$1.78B	$2.06B
Total liabilities	$2.27B	$2.28B	$1.83B	$1.83B	$1.51B	$2.12B	$1.59B	$1.61B	$2.86B	$3.88B
Shareholders' equity	$4.56B	$4.16B	$4.38B	$4.01B	$3.32B	$2.91B	$2.77B	$2.77B	$2.92B	$2.83B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$754.53M	$371.20M	$557.85M	$855.75M	$538.88M	$136.44M	$233.91M	$833.68M	$684.66M	$542.95M
Capital expenditures	$257.17M	$397.57M	$466.58M	$458.40M	$140.79M	$82.15M	$250.89M	$395.46M	$495.07M	$426.37M
Free cash flow	$497.36M	-$26.37M	$91.27M	$397.35M	$398.09M	$54.29M	-$16.98M	$438.22M	$189.59M	$116.58M
Investing cash flow	-$234.22M	-$444.99M	-$472.36M	-$422.64M	-$87.89M	-$161.99M	-$167.31M	-$322.58M	-$458.75M	-$1.93B
Financing cash flow	-$344.13M	-$300.83M	-$319.81M	-$376.33M	-$297.22M	$425.52M	-$734.30M	-$463.87M	$986.51M	$66.66M
Dividends paid	$300.15M	$305.51M	$308.43M	$313.42M	$260.33M	$109.13M	$107.39M	$201.46M	$168.46M	$100.73M
Stock-based compensation	$24.38M	$26.18M	$31.69M	$34.29M	$36.33M	$27.86M	$28.03M	$32.46M	$31.20M	$31.59M
Depreciation & amortization	$598.59M	$585.54M	$583.80M	$562.80M	$481.88M	$419.73M	$403.17M	$382.31M	$397.34M	$625.09M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$657.26M	$674.57M	$685.13M	$695.14M	$691.29M	$674.61M	$1.01B	$1.04B	$953.78M	$981.12M	$906.43M	$986.88M
Cost of revenue	$402.06M	$403.30M	$401.30M	$414.88M	$407.02M	$410.92M	$701.66M	$704.22M	$694.61M	$682.78M	$661.18M	$684.91M
Gross profit	$255.20M	$271.26M	$283.83M	$280.26M	$284.28M	$263.70M	$310.74M	$333.65M	$259.17M	$298.35M	$245.25M	$301.97M
Research & development	$7.38M	$8.61M	$12.91M	$10.55M	$8.85M	$9.36M	$9.42M	$7.78M	$7.57M	$6.65M	$7.02M	$5.91M
Selling, general & admin	$56.11M	$56.58M	$61.18M	$60.19M	$66.92M	$63.10M	$80.80M	$65.51M	$77.64M	$70.44M	$71.08M	$65.85M
Operating income	$100.14M	$123.47M	$111.17M	$113.46M	$107.59M	$90.89M	$42.16M	-$128.27M	-$1.46M	-$59.91M	-$36.92M	$188.21M
Interest expense	$4.37M	$4.37M	$4.26M	$4.34M	$16.12M	$22.30M	$28.34M	$29.20M	$27.97M	$25.61M	$25.81M	$24.44M
Pre-tax income	$112.71M	$125.25M	$117.03M	$122.39M	$116.35M	$76.42M	$44.45M	-$132.91M	-$62.07M	-$83.73M	-$46.56M	$150.52M
Income tax	$35.09M	$30.08M	$32.19M	$33.70M	$40.88M	$21.65M	$41.46M	$28.99M	-$6.26M	$11.20M	$9.30M	$72.36M
Net income	$77.62M	$95.17M	$84.83M	$88.69M	$75.48M	$54.77M	$1.65M	-$162.76M	-$57.36M	-$96.71M	-$58.61M	$75.68M
EBITDA	$194.73M	$217.46M	$215.71M	$211.27M	$208.58M	$189.97M	$199.82M	$51.22M	$187.40M	$122.01M	$143.81M	$369.17M
EPS (basic)	$0.78	$0.95	$0.85	$0.89	$0.75	$0.55	$0.01	$-1.64	$-0.58	$-0.98	$-0.59	$0.74
EPS (diluted)	$0.77	$0.94	$0.84	$0.88	$0.76	$0.54	$0.01	$-1.64	$-0.58	$-0.98	$-0.59	$0.74
Diluted shares	-1.00M	99.63M	99.05M	99.01M	-49.00K	99.16M	99.38M	99.42M	58.00K	99.54M	99.88M	100.03M
Gross margin	38.8%	40.2%	41.4%	40.3%	41.1%	39.1%	30.7%	32.1%	27.2%	30.4%	27.1%	30.6%
Operating margin	15.2%	18.3%	16.2%	16.3%	15.6%	13.5%	4.2%	-12.4%	-0.2%	-6.1%	-4.1%	19.1%
Net margin	11.8%	14.1%	12.4%	12.8%	10.9%	8.1%	0.2%	-15.7%	-6.0%	-9.9%	-6.5%	7.7%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$257.17M	$214.10M	$193.64M	$203.63M	$217.34M	$391.18M	$174.76M	$166.07M	$196.85M	$247.19M	$177.20M	$204.43M
Short-term investments	$93.60M	$84.12M	$83.39M	$86.09M	$292.92M	$135.32M	$20.82M	$21.32M	$21.50M	$21.77M	$21.95M	$26.96M
Receivables	$403.09M	$435.82M	$431.68M	$415.39M	$418.59M	$426.93M	$786.34M	$782.62M	$752.81M	$726.82M	$810.61M	$869.46M
Inventory	$94.23M	$101.42M	$107.21M	$115.31M	$117.88M	$127.29M	$321.62M	$329.99M	$324.33M	$324.81M	$330.54M	$325.80M
Total current assets	$1.01B	$988.68M	$948.78M	$970.32M	$1.19B	$1.22B	$1.49B	$1.49B	$1.47B	$1.46B	$1.47B	$1.57B
Goodwill	$45.65M	$45.65M	$45.65M	$45.65M	$45.65M	$45.65M	$343.82M	$166.56M	$182.85M	$182.58M	$183.79M	$182.43M
Total assets	$4.38B	$4.42B	$4.42B	$4.48B	$5.78B	$5.82B	$7.24B	$6.86B	$6.71B	$6.46B	$6.34B	$6.29B
Total current liabilities	$418.93M	$468.99M	$438.84M	$456.79M	$446.95M	$435.71M	$887.57M	$809.77M	$814.84M	$721.85M	$863.31M	$800.49M
Short-term debt	—	—	—	—	$0	—	$6.75M	$6.86M	$6.86M	$6.86M	$146.26M	$6.86M
Long-term debt	$545.14M	$545.29M	$545.44M	$545.59M	$1.78B	$1.78B	$2.23B	$2.18B	$2.06B	$2.03B	$1.86B	$1.86B
Total debt	$545.14M	$545.29M	$545.44M	$545.59M	$1.78B	$1.78B	$2.24B	$2.19B	$2.06B	$2.03B	$2.00B	$1.86B
Total liabilities	$1.61B	$1.66B	$1.62B	$1.63B	$2.86B	$2.87B	$4.19B	$4.00B	$3.88B	$3.76B	$3.71B	$3.62B
Shareholders' equity	$2.77B	$2.76B	$2.80B	$2.86B	$2.92B	$2.95B	$3.05B	$2.87B	$2.83B	$2.70B	$2.63B	$2.67B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$214.68M	$174.80M	$143.72M	$197.39M	$168.76M	$158.36M	$56.05M	$121.60M	$206.95M	$182.43M	$36.58M	$153.67M
Capital expenditures	$113.67M	$136.41M	$118.30M	$134.38M	$105.98M	$106.48M	$158.75M	$97.00M	$64.14M	$67.56M	$62.86M	$69.77M
Free cash flow	$101.01M	$38.39M	$25.42M	$63.01M	$62.78M	$51.87M	-$102.70M	$24.60M	$142.81M	$114.86M	-$26.28M	$83.90M
Investing cash flow	-$131.54M	-$113.07M	-$111.41M	-$129.53M	-$104.75M	$52.65M	-$1.87B	-$56.99M	-$52.83M	-$58.29M	-$54.03M	$68.06M
Financing cash flow	-$48.88M	-$98.73M	-$49.37M	-$48.05M	$1.18B	-$33.15M	$344.26M	-$90.45M	-$153.99M	-$69.79M	-$58.29M	-$174.54M
Dividends paid	$48.88M	$42.29M	$42.08M	$42.05M	$42.04M	$25.02M	$25.31M	$25.21M	$25.20M	$25.24M	$25.42M	$25.42M
Stock-based compensation	$8.57M	$7.67M	$8.43M	$7.68M	$7.42M	$6.85M	$8.10M	$7.89M	$8.76M	$9.29M	$10.39M	$8.34M
Depreciation & amortization	$94.59M	$93.99M	$104.55M	$97.82M	$100.99M	$99.08M	$157.66M	$179.49M	$188.86M	$181.92M	$180.73M	$180.96M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.