Financials · HP
For the twelve months ended Jun 30, 2026, Helmerich & Payne Inc. reported $4.00B of revenue and -$132.47M of net income.
HP revenue was $1.03B in fiscal Q3 2026 (ended Jun 30, 2026), down 0.6% from a year earlier and up 11.0% from the prior quarter. For the full fiscal 2025 it was $3.75B, up 35.9% from fiscal 2024. Compound annual growth was +16.1% over 5 years and +1.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
HP net income was $75.68M in fiscal Q3 2026 (ended Jun 30, 2026), compared with -$162.76M a year earlier. For the full fiscal 2025 it was -$163.69M, compared with $344.17M in fiscal 2024.
HP diluted EPS was $0.74 in fiscal Q3 2026 (ended Jun 30, 2026), compared with -$1.64 a year earlier. For the full fiscal 2025 it was -$1.66, compared with $3.43 in fiscal 2024.
HP free cash flow was $83.90M in fiscal Q3 2026 (ended Jun 30, 2026), up 241.1% from a year earlier. For the full fiscal 2025 it was $116.58M, down 38.5% from fiscal 2024. Compound annual growth was -21.8% over 5 years and -8.9% over 10 years.
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.75B | $2.76B | $2.87B | $2.06B | $1.22B | $1.77B | $2.80B | $2.49B | $1.80B | $1.62B |
| Research and development | $34.13M | $40.95M | $30.10M | $26.56M | $21.72M | $21.64M | $27.47M | $18.17M | $12.05M | $10.27M |
| Selling, general and admin | $287.05M | $244.88M | $206.69M | $182.37M | $172.19M | $167.51M | $194.42M | $199.26M | $147.55M | $146.18M |
| Operating income | $3.32M | $457.45M | $568.31M | $45.29M | -$428.55M | -$620.19M | $20.58M | $32.96M | -$169.09M | -$25.97M |
| Interest expense | $107.81M | $29.09M | $17.28M | $19.20M | $23.95M | $24.47M | $25.19M | $24.27M | $19.75M | $22.91M |
| Pre-tax income | -$74.11M | $481.02M | $593.38M | $31.32M | -$429.87M | -$636.50M | -$51.22M | $15.84M | -$184.60M | -$72.67M |
| Income tax | $85.83M | $136.85M | $159.28M | $24.37M | -$103.72M | -$140.11M | -$18.71M | -$477.17M | -$56.73M | -$19.68M |
| Net income | -$163.69M | $344.17M | $434.10M | $6.95M | -$326.15M | -$494.50M | -$33.66M | $482.67M | -$128.21M | -$56.83M |
| EPS, basic | -$1.66 | $3.43 | $4.18 | $0.05 | -$3.04 | -$4.60 | -$0.34 | $4.39 | -$1.20 | -$0.54 |
| EPS, diluted | -$1.66 | $3.43 | $4.16 | $0.05 | -$3.04 | -$4.60 | -$0.34 | $4.37 | -$1.20 | -$0.54 |
| Diluted shares | 99.3M | 99.1M | 102.9M | 106.6M | 107.8M | 108.0M | 109.2M | 109.4M | 108.5M | 108.0M |
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $196.85M | $217.34M | $257.17M | $269.01M | $936.72M | $536.75M | $382.97M | $326.19M | $560.51M | $935.13M |
| Short-term investments | $21.50M | $292.92M | $93.60M | $117.10M | $198.70M | $89.33M | $52.96M | $41.46M | $44.49M | $44.15M |
| Receivables | $782.64M | $418.59M | $403.09M | $430.94M | $204.42M | $150.25M | $461.77M | $530.86M | $398.35M | $287.00M |
| Inventory | $324.33M | $117.88M | $94.23M | $87.96M | $84.06M | $104.18M | $149.65M | $158.13M | $137.20M | $124.33M |
| Current assets | $1.47B | $1.19B | $1.01B | $1.00B | $1.59B | $963.33M | $1.12B | $1.12B | $1.24B | $1.57B |
| Goodwill | $182.85M | $45.65M | $45.65M | $45.65M | $45.65M | $45.65M | $82.79M | $64.78M | $51.70M | $4.72M |
| Total assets | $6.71B | $5.78B | $4.38B | $4.36B | $5.03B | $4.83B | $5.84B | $6.21B | $6.44B | $6.83B |
| Current liabilities | $814.84M | $446.95M | $418.93M | $394.81M | $866.31M | $219.14M | $410.24M | $377.17M | $344.38M | $330.12M |
| Short-term debt | $6.86M | $0 | - | $0 | $483.49M | $0 | $0 | $0 | - | - |
| Long-term debt | $2.06B | $1.78B | $545.14M | $542.61M | $542.00M | $480.73M | $479.36M | $493.97M | $492.90M | $491.85M |
| Total debt | $2.06B | $1.78B | $545.14M | $542.61M | $1.03B | $480.73M | $479.36M | $493.97M | $492.90M | $491.85M |
| Total liabilities | $3.88B | $2.86B | $1.61B | $1.59B | - | - | - | - | - | - |
| Shareholders' equity | $2.83B | $2.92B | $2.77B | $2.77B | $2.91B | $3.32B | $4.01B | $4.38B | $4.16B | $4.56B |
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $542.95M | $684.66M | $833.68M | $233.91M | $136.44M | $538.88M | $855.75M | $557.85M | $371.20M | $754.53M |
| Capital expenditures | $426.37M | $495.07M | $395.46M | $250.89M | $82.15M | $140.79M | $458.40M | $466.58M | $397.57M | $257.17M |
| Free cash flow | $116.58M | $189.59M | $438.22M | -$16.98M | $54.29M | $398.09M | $397.35M | $91.27M | -$26.37M | $497.36M |
| Investing cash flow | -$1.93B | -$458.75M | -$322.58M | -$167.31M | -$161.99M | -$87.89M | -$422.64M | -$472.36M | -$444.99M | -$234.22M |
| Financing cash flow | $66.66M | $986.51M | -$463.87M | -$734.30M | $425.52M | -$297.22M | -$376.33M | -$319.81M | -$300.83M | -$344.13M |
| Dividends paid | $100.73M | $168.46M | $201.46M | $107.39M | $109.13M | $260.33M | $313.42M | $308.43M | $305.51M | $300.15M |
| Stock-based compensation | $31.59M | $31.20M | $32.46M | $28.03M | $27.86M | $36.33M | $34.29M | $31.69M | $26.18M | $24.38M |
| Depreciation and amortization | $625.09M | $397.34M | $382.31M | $403.17M | $419.73M | $481.88M | $562.80M | $583.80M | $585.54M | $598.59M |
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 35.9% | -4.0% | 39.5% | 69.0% | -31.3% | -36.6% | 12.5% | 37.8% | 11.1% | -48.6% |
| Net income growth, YoY | - | -20.7% | 6143.3% | - | - | - | - | - | - | - |
| EPS growth, YoY | - | -17.5% | 8220.0% | - | - | - | - | - | - | - |
| Operating margin | 0.1% | 16.6% | 19.8% | 2.2% | -35.2% | -35.0% | 0.7% | 1.3% | -9.4% | -1.6% |
| Net margin | -4.4% | 12.5% | 15.1% | 0.3% | -26.8% | -27.9% | -1.2% | 19.4% | -7.1% | -3.5% |
| Free cash flow margin | 3.1% | 6.9% | 15.3% | -0.8% | 4.5% | 22.4% | 14.2% | 3.7% | -1.5% | 30.6% |
| Return on equity | -5.8% | 11.8% | 15.7% | 0.3% | -11.2% | -14.9% | -0.8% | 11.0% | -3.1% | -1.2% |
| Return on assets | -2.4% | 6.0% | 9.9% | 0.2% | -6.5% | -10.2% | -0.6% | 7.8% | -2.0% | -0.8% |
| Current ratio | 1.80 | 2.67 | 2.40 | 2.54 | 1.83 | 4.40 | 2.72 | 2.96 | 3.59 | 4.76 |
| Debt to equity | 0.73 | 0.61 | 0.20 | 0.20 | 0.35 | 0.14 | 0.12 | 0.11 | 0.12 | 0.11 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $932.36M | $1.02B | $1.01B | $1.04B | $1.02B | $677.30M | $693.79M | $697.72M | $687.94M | $677.15M | $659.61M |
| Research and development | $5.91M | $7.02M | $6.65M | $7.57M | $7.78M | $9.42M | $9.36M | $8.85M | $10.55M | $12.91M | $8.61M | $7.38M |
| Selling, general and admin | $65.85M | $71.08M | $70.44M | $77.64M | $65.51M | $80.80M | $63.10M | $66.92M | $60.19M | $61.18M | $56.58M | $56.11M |
| Operating income | $188.21M | -$36.92M | -$59.91M | -$1.46M | -$128.27M | $42.16M | $90.89M | $107.59M | $113.46M | $111.17M | $123.47M | $100.14M |
| Interest expense | $24.44M | $25.81M | $25.61M | $27.97M | $29.20M | $28.34M | $22.30M | $16.12M | $4.34M | $4.26M | $4.37M | $4.37M |
| Pre-tax income | $150.52M | -$46.56M | -$83.73M | -$62.07M | -$132.91M | $44.45M | $76.42M | $116.35M | $122.39M | $117.03M | $125.25M | $112.71M |
| Income tax | $72.36M | $9.30M | $11.20M | -$6.26M | $28.99M | $41.46M | $21.65M | $40.88M | $33.70M | $32.19M | $30.08M | $35.09M |
| Net income | $75.68M | -$55.86M | -$94.93M | -$57.36M | -$162.76M | $2.99M | $54.77M | $75.48M | $88.69M | $84.83M | $95.17M | $77.62M |
| EPS, basic | $0.74 | -$0.59 | -$0.98 | -$0.58 | -$1.64 | $0.01 | $0.55 | $0.74 | $0.89 | $0.85 | $0.95 | $0.78 |
| EPS, diluted | $0.74 | -$0.59 | -$0.98 | -$0.57 | -$1.64 | $0.01 | $0.54 | $0.77 | $0.88 | $0.84 | $0.94 | $0.77 |
| Diluted shares | 100.0M | 99.9M | 99.5M | - | 99.4M | 99.4M | 99.2M | - | 99.0M | 99.0M | 99.6M | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $204.43M | $177.20M | $247.19M | $196.85M | $166.07M | $174.76M | $391.18M | $217.34M | $203.63M | $193.64M | $214.10M | $257.17M |
| Short-term investments | $26.96M | $21.95M | $21.77M | $21.50M | $21.32M | $20.82M | $135.32M | $292.92M | $86.09M | $83.39M | $84.12M | $93.60M |
| Receivables | $869.46M | $810.61M | $726.82M | $782.64M | $782.63M | $786.34M | $426.93M | $418.59M | $415.39M | $431.68M | $435.82M | $403.09M |
| Inventory | $325.80M | $330.54M | $324.81M | $324.33M | $329.99M | $321.62M | $127.29M | $117.88M | $115.31M | $107.21M | $101.42M | $94.23M |
| Current assets | $1.57B | $1.47B | $1.46B | $1.47B | $1.49B | $1.49B | $1.22B | $1.19B | $970.32M | $948.78M | $988.68M | $1.01B |
| Goodwill | $182.43M | $183.79M | $182.58M | $182.85M | $166.56M | $343.82M | $45.65M | $45.65M | $45.65M | $45.65M | $45.65M | $45.65M |
| Total assets | $6.29B | $6.34B | $6.46B | $6.71B | $6.86B | $7.24B | $5.82B | $5.78B | $4.48B | $4.42B | $4.42B | $4.38B |
| Current liabilities | $800.49M | $863.31M | $721.85M | $814.84M | $809.77M | $887.57M | $435.71M | $446.95M | $456.79M | $438.84M | $468.99M | $418.93M |
| Short-term debt | $6.86M | $146.26M | $6.86M | $6.86M | $6.86M | $6.75M | - | $0 | - | - | - | - |
| Long-term debt | $1.86B | $1.86B | $2.03B | $2.06B | $2.18B | $2.23B | $1.78B | $1.78B | $545.59M | $545.44M | $545.29M | $545.14M |
| Total debt | $1.86B | $2.00B | $2.03B | $2.06B | $2.19B | $2.24B | $1.78B | $1.78B | $545.59M | $545.44M | $545.29M | $545.14M |
| Total liabilities | $3.62B | $3.71B | $3.76B | $3.88B | $4.00B | $4.19B | $2.87B | $2.86B | $1.63B | $1.62B | $1.66B | $1.61B |
| Shareholders' equity | $2.67B | $2.63B | $2.70B | $2.83B | $2.87B | $3.05B | $2.95B | $2.92B | $2.86B | $2.80B | $2.76B | $2.77B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $153.67M | $36.58M | $182.43M | $206.95M | $121.60M | $56.05M | $158.36M | $168.76M | $197.39M | $143.72M | $174.80M | $214.68M |
| Capital expenditures | $69.77M | $62.86M | $67.56M | $64.14M | $97.00M | $158.75M | $106.48M | $105.98M | $134.38M | $118.30M | $136.41M | $113.67M |
| Free cash flow | $83.90M | -$26.28M | $114.86M | $142.81M | $24.60M | -$102.70M | $51.87M | $62.78M | $63.01M | $25.42M | $38.39M | $101.01M |
| Investing cash flow | $68.06M | -$54.03M | -$58.29M | -$52.83M | -$56.99M | -$1.87B | $52.65M | -$104.75M | -$129.53M | -$111.41M | -$113.07M | -$131.54M |
| Financing cash flow | -$174.54M | -$58.29M | -$69.79M | -$153.99M | -$90.45M | $344.26M | -$33.15M | $1.18B | -$48.05M | -$49.37M | -$98.73M | -$48.88M |
| Dividends paid | $25.42M | $25.42M | $25.24M | $25.20M | $25.21M | $25.31M | $25.02M | $42.04M | $42.05M | $42.08M | $42.29M | $48.88M |
| Stock-based compensation | $8.34M | $10.39M | $9.29M | $8.76M | $7.89M | $8.10M | $6.85M | $7.42M | $7.68M | $8.43M | $7.67M | $8.57M |
| Depreciation and amortization | $180.96M | $180.73M | $181.92M | $188.86M | $179.49M | $157.66M | $99.08M | $100.99M | $97.82M | $104.55M | $93.99M | $94.59M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -0.6% | -8.2% | 50.2% | 45.8% | 49.2% | 47.7% | 0.0% | 5.2% | -3.6% | -10.6% | -5.9% | 4.5% |
| Net income growth, YoY | - | - | - | - | - | -96.5% | -42.5% | -2.8% | -6.9% | -48.3% | -2.0% | 70.5% |
| EPS growth, YoY | - | - | - | - | - | -98.8% | -42.6% | 0.0% | -5.4% | -45.8% | 3.3% | 83.3% |
| Operating margin | 18.2% | -4.0% | -5.9% | -0.1% | -12.3% | 4.1% | 13.4% | 15.5% | 16.3% | 16.2% | 18.2% | 15.2% |
| Net margin | 7.3% | -6.0% | -9.3% | -5.7% | -15.6% | 0.3% | 8.1% | 10.9% | 12.7% | 12.3% | 14.1% | 11.8% |
| Free cash flow margin | 8.1% | -2.8% | 11.3% | 14.1% | 2.4% | -10.1% | 7.7% | 9.0% | 9.0% | 3.7% | 5.7% | 15.3% |
| Current ratio | 1.96 | 1.71 | 2.03 | 1.80 | 1.84 | 1.68 | 2.81 | 2.67 | 2.12 | 2.16 | 2.11 | 2.40 |
| Debt to equity | 0.70 | 0.76 | 0.75 | 0.73 | 0.76 | 0.73 | 0.60 | 0.61 | 0.19 | 0.19 | 0.20 | 0.20 |
Source: XBRL data Helmerich & Payne Inc. files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HP | $4.00B | +16.6% | -$132.47M | -3.3% | $3.54B |
| SHEL | $273.73B | -5.3% | $17.84B | 6.5% | $273.51B |
| TTE | $201.20B | -6.2% | $13.13B | 6.5% | $192.00B |
| PBR | $89.19B | -2.4% | $19.63B | 22.0% | $118.25B |
| CNQ | C$38.76B | +8.7% | C$10.82B | 27.9% | $98.26B |
| E | €82.15B | -7.5% | €2.61B | 3.2% | $87.98B |
| EOG | $29.73B | +31.7% | $8.19B | 27.5% | $76.96B |
| OXY | $25.75B | +36.9% | $7.50B | 29.1% | $55.74B |
| OKE | $43.19B | +36.8% | $4.07B | 9.4% | $54.21B |