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HPHelmerich & Payne, Inc.
$35.22$3.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
HP logo

Helmerich & Payne, Inc.

HP
NYSE · Oilfield Services & Drilling
$35.22
At close - Nov 6, 4:00 PM EST - USD
Market Cap$3.52B
P/E-25.6x
52W High$48.17
Volume1.23M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Leveraged Expansion Masks Structural Margin Compression Risk

Helmerich & Payne has executed a transformative acquisition-driven expansion, growing total assets from $4.4B to $6.3B while lifting debt-to-equity to 0.70, yet gross margins have collapsed from 26.6% to 12.0% over the same period.

GrowthMixed
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HP price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-260% Peers

P/E is 260% below peer median

03

Market leadership

RS 49 · Lag

Laggard (Underperforming 51% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 18

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HP+20.14%
S&P 500 (^GSPC)+7.63%
1-Year Return
HP+37.41%
S&P 500 (^GSPC)+9.69%
3-Year Return
HP-2.14%
S&P 500 (^GSPC)+70.73%
5-Year Return
HP+21.28%
S&P 500 (^GSPC)+58.74%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-25.6x
Forward P/E
N/A
EV/EBITDA75th %ile
5.8x
FCF YieldCash Flow
9.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-25.6x
10.1x
0th· Low
EV/EBITDA
5.8x
5.5x
75th· Fair
Price/FCF
11.2x
18.8x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$67.05+90.4%
Base (Fair)$107.39+204.9%
Bull$184.84+424.8%
$67.05 Bear$107.39 Base$184.84 Bull
Current Market Price: $35.22
Trades at a 67.2% discount to Base DCF ($107.39)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$3.75B+35.9% YoY
Net income FY25
-$165M-148.0% YoY
Free cash flow FY25
$117M-38.5% YoY
Operating margin FY25
6.2%-10.2 pts YoY
ROIC (FY25)3.7%
Avg ROIC 5Y3.5%
ROE (TTM)-5.1%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
-$0.11-216.1%
vs $0.09
$1.0B+4.8%
vs $988M
Q2 2026
May 6, 2026
-$0.38-533.3%
vs -$0.06
$932M-1.4%
vs $946M
Q1 2026
Feb 4, 2026
-$0.15-225.0%
vs $0.12
$1.0B+2.8%
vs $989M
Q4 2025
Nov 17, 2025
-$0.01-104.3%
vs $0.23
$1.0B+4.0%
vs $973M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·Oct 23, 2026
Implied Volatility Surging for Helmerich & Payne Stock Options

Investors need to pay close attention to HP stock based on the movements in the options market lately.

Business Wire·Oct 14, 2026
Helmerich & Payne, Inc. Schedules Fiscal Fourth Quarter 2026 and Year End Conference Call and Webcast

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) will host a conference call to discuss its fiscal fourth quarter 2026 results. President and CEO Trey Adams and Senior Vice President and CFO Todd Scruggs will lead the call. The earnings release and accompanying presentation will be available at hpinc.com. Investors can join the call via phone or audio webcast.   What: Helmerich & Payne, Inc.'s Fiscal Fourth Quarter 2026 Earnings Release. Other material developments may.

Zacks Investment Research·Oct 13, 2026
Are Investors Undervaluing Helmerich & Payne (HP) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research·Oct 8, 2026
HP's Strong Q4 Outlook and FlexRobotics Drive Investor Focus

Helmerich & Payne sees a constructive fiscal 2027, backed by stronger margins, steady activity and wider FlexRobotics adoption.

Filtered for Helmerich & Payne, Inc.More Headlines
04

Compare before deciding

Benchmark HP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Helmerich & Payne, Inc. (HP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HP logoHPHelmerich & Payne, Inc.Current
$35.22$3.52B-25.6335.89%-3.44%-5.08%2.88%
NBR logoNBRNabors Industries Ltd.
$73.20$1.08B-17.878.69%-1.82%-4.08%0.57%
PD logoPDPagerDuty, Inc.
$15.68$1.43B6.875.36%36.58%66.69%—
PTEN logoPTENPatterson-UTI Energy, Inc.
$9.92$3.77B-152.62-10.25%-0.52%-0.79%3.22%
OIS logoOISOil States International, Inc.
$8.34$502.01M-4.54-3.41%-17.1%-18.55%—
NINE logoNINENine Energy Service, Inc.
$7.44$103.79M1.531.41%12.66%514.81%—

Compare HP vs Peers

Helmerich & Payne, Inc. (HP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NBR

Most directly comparable listed peer for HP.

Scale Benchmark

vs XOM

Larger-name benchmark to compare HP against a more recognizable public peer.

Peer Set

Compare Top 5

vs NBR, PD, PTEN, OIS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HP SEC Filings & Documents

Helmerich & Payne, Inc. (HP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

May 6, 2026·SEC

Material company update

Mar 16, 2026·SEC

10-K Annual Reports

2
FY 2025

Nov 21, 2025·SEC

FY 2024

Nov 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2026

Feb 5, 2026·SEC

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HP Frequently Asked Questions

Helmerich & Payne, Inc. (HP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Helmerich & Payne, Inc.'s revenue?

Helmerich & Payne, Inc. (HP) reported $4.00B in revenue over the trailing twelve months. Revenue was $3.75B in fiscal year 2025. That is 867% more than the $387.5M of fiscal year 1996.

How fast is Helmerich & Payne, Inc. growing?

Helmerich & Payne, Inc. (HP) grew revenue by 16.6% over the trailing twelve months, compared with the twelve months before.

Is HP profitable?

No. Helmerich & Payne, Inc. (HP) reported a net loss of $137.4M over the trailing twelve months.

Dividend & Returns
Does HP pay dividends?

Yes. Helmerich & Payne, Inc. (HP) pays a dividend that yields 2.88% at the current price, a moderate yield.

What is HP's return on equity?

Helmerich & Payne, Inc. (HP) had a return on equity (ROE) of -5.1% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Helmerich & Payne, Inc.'s free cash flow?

Helmerich & Payne, Inc. (HP) generated $315.3M in free cash flow over the trailing twelve months.

What if you invested $1,000 in HP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →