HPNYSEDrilling Oil & Gas WellsFiscal year ends September 30
Helmerich & Payne, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$38.20+0.77 (+2.06%)
Close on Oct 19, 2026
- Market cap
- $3.82B
- P/E (TTM)
- –
- Dividend yield
- 0.65%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
33.0%−0.3 pts over 5 years
Operating margin
0.1%+35.0 pts over 5 years
Net margin
-4.4%+23.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +35.9% | +22.1% | +16.1% | +1.7% | |
| Gross profit | +9.1% | +25.0% | +15.9% | – | |
| Operating income | -99.3% | -58.2% | – | -41.2% | |
| Free cash flow | -38.5% | – | -21.8% | -8.9% | |
| Dividend per share | 0.0% | -37.0% | -33.5% | -21.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -1.2% | -13.5% | – | |
| Return on assets | -0.8% | -9.3% | -2.6% | |
| Current ratio | 4.76 | 4.40 | 1.80 | |
| Debt to equity | 0.11 | 0.14 | – | |
| Net debt to EBITDA | -0.77× | 0.41× | 2.97× | |
| Interest coverage | -1.1× | -25.3× | 0.0× | |
| Inventory turnover | – | 9.3× | 11.4× | |
| Capex to revenue | 15.8% | 7.9% | 11.4% | |
| Diluted shares | 108M | 108M | 99M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Helmerich & Payne generated $2.43B from operations and spent $2.71B on capital expenditure, dividends and share buybacks. 61% of that went back into the business.
Generated
$2.43B
Used
$2.71B
Capital expenditure$1.65B61%Dividends$687.18M25%Share buybacks$375.51M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.5%
×Asset turnover0.54×
×Equity multiplier1.79×
=Return on equity, FY202412.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 12.5% | 0.54× | 1.79× | 12.1% |
| FY2023 | 15.1% | 0.66× | 1.58× | 15.7% |
| FY2022 | 0.3% | 0.44× | 1.65× | 0.2% |
| FY2021 | -26.8% | 0.25× | 1.58× | -10.5% |
| FY2020 | -27.9% | 0.33× | 1.46× | -13.5% |
| FY2019 | -1.2% | 0.46× | 1.44× | -0.8% |
| FY2018 | 19.4% | 0.39× | 1.48× | 11.3% |
| FY2017 | -7.1% | 0.27× | 1.52× | -2.9% |
| FY2016 | -3.5% | 0.23× | 1.48× | -1.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$163.70M
- Cash generatingOperating cash flow above zero$542.95M
- Return on assets improvedROA up on the prior year7.9% → -2.8%
- Earnings backed by cashOperating cash flow above net income$542.95M vs -$163.70M
- Less leverageLong-term debt to assets fell30.8% → 30.7%
- Better liquidityCurrent ratio rose2.67 → 1.80
- No dilutionShare count did not rise99M → 99M
- Gross margin improvedGross margin up on the prior year41.06% → 32.96%
- More efficientAsset turnover rose0.63 → 0.65