Helmerich & Payne (HP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Helmerich & Payne

NYSE•Energy•Oil & Gas Drilling

$41.66-1.79(-0.04%)Pre-market

Market Cap

$4.09B

P/S

1.0x

P/B

1.5x

Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and other international waters. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Cash & Earnings Quality (19/25); weakest: Profitability (9/25).

Profitability9/25

Growth18/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality19/25

Strengths

Growing revenueRising free cash flowConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.8x5y range 8.3x – 568.4x

Currently near its 11-quarter median.

P/S · 1.0x5y range 0.4x – 2.9x

Currently near its 20-quarter median.

P/B · 1.5x5y range 0.5x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 59.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -7.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $4.09B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.00B
Q. Revenue: $1.03B
TTM EBITDA: $823.29M
TTM Op. Income: $90.82M
Q. Op. Income: $188.21M
TTM Net Income: $-137.00M
Q. Net Income: $75.68M
EPS: $0.74
Shares Out.: $99.93M

$4.00B in TTM revenue grew 16.6% YoY, reaching $1.03B last quarter. TTM EBITDA of $823.29M and TTM operating income of $90.82M show growth is flowing through to the bottom line. However, net income is negative at $137.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 33.8%
EBITDA Margin: 35.7%
Op. Margin: 18.2%
Net Margin: 7.3%

Op. margin of 18.2% is up 30.5% YoY — cost efficiency is improving. Net margin at 7.3% and gross margin of 33.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.0x
P/B Ratio: 1.5x

P/S of 1.0x and P/B of 1.5x. P/S is low relative to typical market levels. Across the last 3 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.29B
Cash: $239.31M
Long-Term Debt: $1.86B
Book Value: $2.67B
D/E Ratio: 0.7
Debt/EBITDA: 5.0

With $6.29B in assets and $1.86B in long-term debt, D/E is 0.7and book value is $2.67B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $153.67M
TTM Free Cash Flow: $315.29M
FCF Margin: 7.9%
FCF / Net Income: -2.3

TTM FCF of $315.29M on $153.67M in operating cash flow. The FCF / Net Income ratio of -2.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.